Cardano (ADA) Long Term Trade: Over 640% Profits PotentialCardano (ADA) is one of the favorites altcoins available in the cryptocurrency markets. And it is always in the list of the top 10 altcoins by market cap. At the time of this writing, ADA has over $5 Billions ($5,542,507,650) in market cap., pushing it to #7 in the top 10 list.
Let's take a look at Cardano (ADA) now...
Cardano (ADA) Long Term Trade by Alan Masters
CHARTS, SIGNALS & INDICATORS
Now, before we get started, it is good to know that you can't really go wrong with this coin. You can literally buy this coin now and just forget it. Forget it completely. Come back in a few months and see your money grow. Come back at the end of the year and see it grow even more.
All you have to do after buying this coin, is to set your sell orders on target, so that when the price goes up, you can get paid what you are owned... Pretty simple... Now, let's look at the charts, the signals, candlesticks and other indicators.
- The Cardano (ADA) chart looks pretty solid. If you are familiar with reading charts, you can literally see, feel and understand the strength of this coin/project just by taking a quick look at the chart.
- In my chart above you see black dotted lines. As usual, these lines are there to represent support levels, and the last one from top to bottom represents the bottom reached after ADA's last bull run. We set our bottom @ 0.00001673. After a very strong bounce from its bottom, ADA started to recover and finally broke out.
- The strong resistance that needed to be broken in order to start our adventure up was the 0.00002400 price level. We are now trading above it and this price level will work as a strong support in the future if/when ADA starts to go down again. I marked this price with a blue dotted line.
- Now let's take at a quick look at some of the signals that tells us that ADA is ready to make us some money...
- Strong positive divergence on the MACD daily chart. This is one of the strongest bullish signals of all. At the same time, you can see the MACD curving and trending up. Soon it will enter the bullish zone and finally, we have plenty of room for growth.
- The RSI is also on the bullish side.
- The 3 Days chart and Weekly charts are both also very strong and showing huge potential for growth.
- The TD Sequential indicator is also giving us bullish signals.
TRADE INSTRUCTIONS
Buy-in: 0.00002170 - 0.00003150
Note: Remember to wait for the retrace to buy in if you believe the price is "too high" for you right now. You can always wait and buy in when the price goes lower, just as you can choose to buy-in whenever you want within this above range.
I am using a very strong buying in range because this is a very strong coin and project. The potential is huge. And even if this trade takes a few weeks to develop, you can still make good profits by using this range above and later selling on target. I've been holding Cardano (ADA) for over a month now... Remember... PATIENCE IS THE KEY.
Cardano (ADA) Long Term Targets:
You can set your sell orders within a 5% range of these prices. Meaning, 5% more or less than the actual target price is the range where the resistance will be faced.
(1) 0.00003433
(2) 0.00004533
(3) 0.00006233
(4) 0.00007563
(5) 0.00009180 (All time high) - Superb!
(6) 0.00013800 (New All time high) - God Like!
(7) 0.00021100 (You never know) - Massive!
(8) 0.00028800 (Just for fun) - Bitcoin!
(9) 0.00033473 (There is still more...) - LOVE!!!
Note: As you can see, I went all the way up with the targets, just as reference... You never know. These markets are incredibly profitable, volatile and fast, but I personally aim for just a few targets to secure my profits. And I always secure small portions of profits as the price of each coin I trade starts to go up. Each time a target is reached I sell a small portion of my coin depending on the trade.
Stop loss: A trailing stop loss will be shared once we start to reach our targets.
