Cardano: Is It Too Late To Join The Action?It is not too late. Actually, it is still pretty early.
Notice this chart and the 0.236 fib. extension level. While Cardano is breaking out of a consolidation pattern with a local downtrend, it is still trading below this most primitive fib. resistance. Simply meaning that it is very early when we consider the biggest picture and long-term growth potential.
You see, some smaller Altcoins have grown by 100%+ in a single day. Even some of the big projects moved 20%, 30% and even 50% in a single day. It is the start, now, of a major bullish cycle and phase. It is the start of the 2025 bull market, so there is no such thing as being late.
Imagine daily growth, day by day, week by week, going and going, over and over, for months. This growth can go until November 2025 or even beyond, into early 2026. Knowing this, we know that it is very early.
Now, what about retraces, pull-backs, corrections and shakeouts?
What to do if the market shakes?
Every time there is a drop, this is positive, it is an opportunity to buy at lower prices. Every drop or correction should be considered an opportunity to buy-up, rebuy and reload. And, if you missed the early entry, the first entry, you can buy whenever your favorite pair, in this case Cardano, hits support.
Cardano it still very early in its bullish breakout and bullish cycle, it will grow for months. Knowing this, you can go ahead easily and buy and hold.
You will be happy with the results.
Just focus on the long-term, think of a waiting period of at least 3-6 months. With this mentality, you can't go wrong.
If you think of making money in a matter of days, this can result in anxiety and mistakes. No, that's not the way you should trade.
You should focus on resistance and support. As long as prices remain above support, we are bullish, when resistance hit, we take profits home. That's all there is. After you buy, you hold. The market will take care of the rest.
It is still early for Cardano but once you buy, you have to wait.
Many pairs are still trading at bottom prices. New pairs will be breaking out strongly every single day. Daily. Every day a new pair will produce massive growth. When all is set and done, the entire market will be 20-30X up. It will be awesome.
Thanks a lot for your continued support.
Namaste.
