Cardano (ADA) Long-term Analysis and Trade Set-up. Follow Along!
I'm long-term bullish about
ADABTC
-- both the technology and the use case it looks to solve. We're clearly on a downtrend here, and the RSI deviation has been a good indicator of future price movements. We're highly oversold here, so I'm expecting a bounce back up in the near term. After that, we're seeing price separate from the long-term moving average, indicating a further dip in price. I'm waiting to sell some of my position after the price goes up to stabilize the RSI.
Stay tuned for more info as we see how
ADABTC
holds up to
BTCUSD
. I'd like to hear your thoughts on
ADABTC
! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
ADABTC
-- both the technology and the use case it looks to solve. We're clearly on a downtrend here, and the RSI deviation has been a good indicator of future price movements. We're highly oversold here, so I'm expecting a bounce back up in the near term. After that, we're seeing price separate from the long-term moving average, indicating a further dip in price. I'm waiting to sell some of my position after the price goes up to stabilize the RSI. Stay tuned for more info as we see how
ADABTC
holds up to
BTCUSD
. I'd like to hear your thoughts on
ADABTC
! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***