CardanoLong
Cardano IOHK Summit- Charles is to announce something
Currently trading above the 20 sma and 50 sma, most current resistance in play on the daily is about 0.049 represented by the red ray. The price hasn't touched the 200 sma in some time and with all the euphoria going around and the anticipated summit, It should have no problem. The TD sequntial and the 200 sma make great sell opportunists, whichever comes first. The RSI could bounce off previous resistance like it has done previously.
Might actually go to the summit as I live in the state. But let me tell you are those tickets expensive. BUT you get 20% off if you pay with ADA. This alone on low volume could bring up the price because everyone who is going knows how to actually use crypto to do that and will purchase ADA for that discount. Along with that Charles Hoskinson will be giving an announcement of some sort at the summit. This might be one of the coolest summits ever. Check it out iohksummit.io/ Great for the community as a whole. April 17 to 18
On the 4 hour hour we can see support is being held on the 50 sma and we just came from previous down trend exhaustion as seen on the vix. It will be key to see how the price reacts to the 20 sma as time passes. If it can show support on the 20 sma above the 50 would be an ok entry.
If you listened to my advise in the previous idea you would already be up 4% just by playing the 50 sma.
All that given Hopefully bitcoin plays nice as well.
Let me know what you think.
Might actually go to the summit as I live in the state. But let me tell you are those tickets expensive. BUT you get 20% off if you pay with ADA. This alone on low volume could bring up the price because everyone who is going knows how to actually use crypto to do that and will purchase ADA for that discount. Along with that Charles Hoskinson will be giving an announcement of some sort at the summit. This might be one of the coolest summits ever. Check it out iohksummit.io/ Great for the community as a whole. April 17 to 18
On the 4 hour hour we can see support is being held on the 50 sma and we just came from previous down trend exhaustion as seen on the vix. It will be key to see how the price reacts to the 20 sma as time passes. If it can show support on the 20 sma above the 50 would be an ok entry.
If you listened to my advise in the previous idea you would already be up 4% just by playing the 50 sma.
All that given Hopefully bitcoin plays nice as well.
Let me know what you think.
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.