ADA wishful thinking?Cardano is bouncing of support line for the first time, it may be a good time to get some, short term will give ~10%, long possibly few times more.
TP at previous tops, SL below last dip (one from few days ago).
Adacoin
ADA has challenges, but are surmountable for the braveADA still consolidates after its ATH and is finding support from historical levels that were previously bearish.
Climbing above moving averages and RSI, as well as the medium term down-trend line will be tests it must pass for another run at ATH. Current candle forming a hammer with volume dwarfing previous 1-2 week's worth of candles.
Good luck
Cardano ADA ForecastCardano ADA is a consistent coin with gradual gains and promising projections ahead!
Although chart shows a descending triangle, this might not be the case for ADA. Chart patterns are always easy to read on a naked chart however I forecast a reversal which might reach an all time high in the coming months. This current downward trend should bounce off resistance as history shows multiple times.
Buy target : 5,000 - 5,500
Events :
27 January 2018 - Inaugural London Meetup
05 February 2018 - Roadmap Update
This is not an investment update, always do your own research.
