When do you have to purchase from Cardano once more? For BINANCE: ADAUSD by Finaboyy – Todayuknews – Todayuknews

Advertisements

Cardano has since 20./21. July showed great price strength. Almost a 148% gain! I would not have expected such a price increase. I totally missed it because I was more focused on other cryptos. It seems obvious that Cardano is working hard to strengthen the foundations of their blockchain platform by making it more future proof.

I understand a lot of people are looking to buy Cardano right now. However, I would not recommend it in the short term. There is a downside to any rapid price hike. Likewise Bitcoin won these days and achieved important levels of support. I want to buy Cardano, wait for the price to drop, and try to get in at a lower price.

I have highlighted three buy zones in the chart. The lower the buy zone, the greater the chances of a big jump up. The first buy zone is around $ 1.88. The second buy zone is around $ 1.6 because this is the support of the previous trading range that lasted almost 6 months … The third buy zone is around 1 – $ 1.12 which I think would be a no-brainer to get started with should.

So … I expect some downward momentum from Cardano as the price has already increased so much. So a short position would be wiser in my opinion. Likewise Bitcoin tends towards an important resistance that could lead to a downward momentum for altcoin as well. The buy zones indicated in the chart could help to find a new entry after a price decline in Cardano.

Most related links:
todayeuknews government news financial news

Source link


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Look at These Proof Of Stake (PoS) Cryptocurrencies – Cardano Feed Cardano

Look at These Proof Of Stake (PoS) Cryptocurrencies – Cardano Feed

Proof of Stake (PoS) consensus mechanism is a type of consensus mechanism for blockchains...

By wpadminsonic164
Breaking: Cardano has plunged beneath $0.50, expanding the gamble for a half amendment – FXStreet Cardano

Breaking: Cardano has plunged beneath $0.50, expanding the gamble for a half amendment – FXStreet

Cardano dipped below the $0.50 support level over the past few hours. A decisive...

By wpadminsonic164
Binance Loans Adds Cardano (ADA) and Avalanche (AVAX) As Collateral Assets – Cardano Feed Cardano

Binance Loans Adds Cardano (ADA) and Avalanche (AVAX) As Collateral Assets – Cardano Feed

– Advertisement –Binance has added the two cryptocurrencies in order to expand its loan...

By wpadminsonic164
Cardano

Crypto Value Evaluation Jan-28: Ethereum, Ripple, Cardano, Solana, and Luna – CryptoPotato

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Luna,...

By wpadminsonic164
Cryptocurrency Worth Prediction: Cardano, Terra & Bitcoin – American Wrap December twentieth – FXStreet Cardano

Cryptocurrency Worth Prediction: Cardano, Terra & Bitcoin – American Wrap December twentieth – FXStreet

Bitcoin price is moving sideways and is trapped between the crucial weekly moving averages....

By wpadminsonic164
Supervisor Cat Rocket Club Welcomed to Boss Planet Metaverse on Cardano By DailyCoin – Investing.com Cardano

Supervisor Cat Rocket Club Welcomed to Boss Planet Metaverse on Cardano By DailyCoin – Investing.com

Boss Cat Rocket Club Welcomed to Boss Planet Metaverse on Cardano 'Boss Cat Rocket...

By wpadminsonic164
Is Bitgame Changing the Game for Crypto-Based iGaming? – Cardano Feed Cardano

Is Bitgame Changing the Game for Crypto-Based iGaming? – Cardano Feed

SOURCE: photo According to the Sports Betting Global Market Report 2022, researched by the...

By wpadminsonic164
Cardano DEX Ravendex Readies For Subsequent Trade Itemizing As ISPO Continues – GlobeNewswire Cardano

Cardano DEX Ravendex Readies For Subsequent Trade Itemizing As ISPO Continues – GlobeNewswire

DUBLIN, IRELAND, April 18, 2022 (GLOBE NEWSWIRE) -- The Ravendex team has announced plans...

By wpadminsonic164

Latest Posts

Look at These Proof Of Stake (PoS) Cryptocurrencies – Cardano Feed Cardano

Look at These Proof Of Stake (PoS) Cryptocurrencies – Cardano Feed

Proof of Stake (PoS) consensus mechanism is a type of consensus mechanism for blockchains...

By wpadminsonic164
Digital currencies Price Prediction: Dogecoin, Terra and Bitcoin – American Wrap 25 May – FXStreet Dogecoin

Digital currencies Price Prediction: Dogecoin, Terra and Bitcoin – American Wrap 25 May – FXStreet

Bullish or bearish? Dogecoin price is primed for a spike in volatility Dogecoin price...

By wpadminsonic164
BITCOIN🛑 It’s A Trap , Btc Market Update & Cryptocurrency News Videos

BITCOIN🛑 It’s A Trap , Btc Market Update & Cryptocurrency News

Cryptonews #Cryptotodaynews #cryptomalayalam #cryptoupdates #cryptonewstoday #sreekumartaks ഇന്നത്തെ Crypto ...

By wpadminsonic164
A Dogecoin Rally Would Be the Greatest Case State of affairs for Shiba Inu – InvestorPlace Dogecoin

A Dogecoin Rally Would Be the Greatest Case State of affairs for Shiba Inu – InvestorPlace

Source: Alfa Grandpa / Shutterstock.com Shiba Inu (SHIB USD) is not having a good...

By wpadminsonic164
Greater than Bitcoin: 7 New Altcoins Added To Nebeus Crypto-Backed Loans – Cryptonews Stellar

Greater than Bitcoin: 7 New Altcoins Added To Nebeus Crypto-Backed Loans – Cryptonews

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com...

By wpadminsonic164
LIVE: The Crypto Bear Market Will Finish Quickly! Enormous BTC Information! Videos

LIVE: The Crypto Bear Market Will Finish Quickly! Enormous BTC Information!

At the moment many traders are saying Crypto is in a bear market with...

By wpadminsonic164
NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital Bitcoin

NFT Infrastructure Supplier Rarify Will get $10 Million Funding in Sequence A Funding Spherical Led by Pantera Capital

Rarify, a startup that helps third parties include NFT elements in their tech platforms,...

By wpadminsonic164
Crypto alternate Binance says won’t settle for playing cards of sanctioned Russian banks – Moneycontrol Binance

Crypto alternate Binance says won’t settle for playing cards of sanctioned Russian banks – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164