Cardano (ADAUSD)

[Toofast520]

Cardano (ADA) may test the $1.152355 support again but the signal is bullish. We need to break resistance of $1.316634 to make it to the target price of $1.60 but MacD convergence of 0.692 means it’s possible the break could be bearish having Cardano hover in the support of $1.15. If this happens what we’ll see is a week or more of sideways trading in that $1.15 area. My thoughts are if we go sideways again the low end support will at least be higher than last week. It seems cryptos do not follow the same patterns as stocks when it comes to reading charts. Make no mistake the MM’s have some expert people that anticipate the charts and are almost always right. But when the same people chart cryptos they have admitted their predictions are 30-40% less accurate. I’d still stick with their predictions in most cases.

I’m definitely BULLISH on Cardano ADA and wish good fortune to all of us here. I have almost 100% certainty if we hold, close down our computer and forget about everything, in three months we can fire it all back up and most definitely be up on all of our crypto investments!