Cardano (ADA) Technical Analysis 15 July 2018 - Positive Signals Cardano

in #cardano6 years ago (edited)

#ADAUSD

adausd 15 07.PNG

Cardano is one of the most promising altcoin to buy right now. There are 3 main reasons for this:

  1. The price finally broke a long-term downtrend line;
  2. The price is forming higher lows. It may be the beginning of an uptrend;
  3. The gap between the short-term moving average and the long-term moving average is getting tighter. This usually means that the trend is changing.

The current price for Cardano is $0.14 and I believe that it is a good price to buy this cryptocurrency.

adausd indicators 15 07.PNG

Indicators also show the good period of Cardano.

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I think Cardano will have a great rest of the year as soon as Bitcoin finishes its correction. I’m going to wait until that happens to buy, because if Bitcoin drops to $5,000 sometime in the next few weeks, it will likely drag Cardano back down to .11- .12 cents.

True. Bitcoin still represents a solid benchmark for many cryptocurrencies.
In these days, the market has been positive and Cardano has been one of the best cryptocurrencies. Today Bitcoin +1.47% and Cardano +4.99%.
I'm positive about it :)

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