Cardano is an project which i read a lot of sceptical comments about. Also it has not yet made massive moves like other alts already did.
ADA broke out of the downtrend and is now retesting the box area. If you would like to enter you could spread your entries in this box (demand zone) to get a nice dollar cost average.
IF ADA does continue this uptrend we will most likely get some choppy bounces but the level i will be watching closesly is 1.93ish. This level has shown to act as a support in the past and may lead to a big resistance when reaching it.
Note:
This is a Long term trade so risk manage accordingly!
DYOR!
ADA broke out of the downtrend and is now retesting the box area. If you would like to enter you could spread your entries in this box (demand zone) to get a nice dollar cost average.
IF ADA does continue this uptrend we will most likely get some choppy bounces but the level i will be watching closesly is 1.93ish. This level has shown to act as a support in the past and may lead to a big resistance when reaching it.
Note:
This is a Long term trade so risk manage accordingly!
DYOR!