Cardano Foundation just published the news about "1 MILLION delegated wallets!" on Stake Pool Delegation, Staking and Stake Pools. This means that there is a strong support that is staked right now. This is the very same support that we achieved on July. The bullish trend that went up to 3.1 was a snowball of hype that emerged because of the announcements of Smart Contracts.
I think Cardano right now is not the best option for quick wins. But for long positions feels right. Mi future is now at 1.85 (It started at 2.26), I will keep adding value to the feature as long as it keeps within the triangle.
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.