Cardano(ADA) Analysis 3/20/18 10:41pm(CDT)

Welcome to another review of Cardano(ADA)

Seeing a lot of positive patterns in the hourly chart.

Volume has lowered some, but the uptrend continues and the volume will rebound soon. Once the trend line was broken Cardano made gains of over 14% in a little over a day (Approx. 30hours).

A cup and handle pattern is clearly present affirming the continued uptrend. Take advantage of the waxing and waning of volume by selling the peaks and buying the small dips. This is a great way of boosting your wallet to maximize profit as the uptrend continues.

If hesitant about this method I recommend a stop loss at 0.00002135.

Look for heavy resistance at 0.00002499. If the current trend of 3-3.5% gains every 3-4hrs continues expect to reach the that resistance level in 5-7hrs. Expect a slight pull back before and after that level is broken.

Do not forget weak hands chase profit while strong hands let profit come to them.
Be patient and in the end the strong hands will control the price as the weak hands scramble for our scraps.

All stock/crypto recommendations and comments are the opinion of writer. It is educational and is not designed to be a recommendation for any specific investment nor methodology. Remember this shits risky