Cardano (ADA) analysis 30 April 66% Gain

in #cryptocurrency • 6 years ago

Dear Steemit friends,

It is time for ADA profit taking. I was bought ADA on April 11, 2018. I was bought at 0.00002296 and take profit at 0.00038/BTC. I get 66% profit.

You can read my previous post
https://steemit.com/cryptocurrency/@redstrawberry/gain-53-on-ada-cryptocurrency

Daily Chart

The reason for taking profit at this time is doji candle stick pattern. Doji is a reversal pattern. Doji happened when open price and close price is near or same and tail is longer than the body. Doji is indecision between bulls and bears. Rather than expecting higher price i decide to sell 8636 ADA and keep bitcoin for safe heaven crypto currency.

Weekly Chart.

For long term trading ADA still have chance to go higher. We can see the weekly chart, if we use Fibonacci retracement analysis, there is possibility to rise to level 0.000060/btc.

Please follow me to get latest cryptocurrency analysis

#bitcoin #cardano #ada #analysis
6 years ago in #cryptocurrency by
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