Logo
Cardano Ecosystem

Cryptopost

03/20/2021

·

1.1K views


When To Buy Cardano?

It seems that Cardano has established an uptrend while producing higher highs and higher lows. ADA/USD has gained 75% against the USD since 29th of June, when it moved from $0.11 up to recent high, which almost touched $0.2....

When To Buy Cardano?

It seems that Cardano has established an uptrend while producing higher highs and higher lows. ADA/USD has gained 75% against the USD since 29th of June, when it moved from $0.11 up to recent high, which almost touched $0.2.

Currently price is correcting down and breaking below the 200 Moving Average. The corrective move down is likely to continue and strong support is seen at $0.146, that is 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline break.

This level also corresponds to the downtrend trendline breakout confirmation point and the uptrend trendline. This price might be the price of interest for many investors and could be the end of the correction down.

Yet it is important to wait and see that the $0.146 support is rejected, and only then act accordingly. If the support is broken the correction could be extended, sending price lower, down to the $0.125 support.

It is also worth mentioning that Cardano is now trading at the 200 Moving Average, without confirmed breakout below, and if price stays above $0.152 the uptrend could continue without further decline.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Cryptopost

ORIGINAL SOURCE

http://cryptopost.com/when-to-buy-cardan...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Cryptopost

See more
Cardano VS Bitcoin Might Start Moving Higher
Cryptopost
Cardano VS Bitcoin Might Start Moving Higher

03/20/2021

·

1.2K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)