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Cardano
Long

Cardano (ADA) Bullrun

5670
It seems like the entire cryptocurrency market has went through a healthy correction. It seems like Bitcoin has very strong support and has not broken $9,000 yet. If 2017 repeats, that means the entire market will flourish WITH Bitcoin. Some believe that once Bitcoin takes off, altcoins will fall. But, looking at the 2017 bullrun, you can see that was not true. At least not true for the top 20-cryptocurrencies. So, what do we have here with ADA?

  • ADA corrected over 50% since June 26th
  • RSI on 1D is bullish
  • MACD on 1D is bullish


There is no guarantee that ADA will fall to $0.39, it may take off at anytime.

Thoughts?
WorldEconomics
ADAADABTCadausdBeyond Technical AnalysisBitcoin (Cryptocurrency)cardanocardanobtccardanousdChart PatternsLONGRelative Strength Index (RSI)Trend Analysis

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ADAADABTCadausdBeyond Technical AnalysisBitcoin (Cryptocurrency)cardanocardanobtccardanousdChart PatternsLONGRelative Strength Index (RSI)Trend Analysis
WorldEconomics

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.