๐ Analysis of $ADA on the weekly timeframe โ long-term investment
Hey guys, $ADA at $0.1615 with a +4.94% rise, after a long downtrend from the peak of $0.6938 โ and now itโs trying to consolidate at the current level ๐
โ Good news: The well-known Cardano wallet provider SecondFi has launched a service to recover lost assets โ a practical step that boosts usersโ confidence in the ADA ecosystem.
Indicators:
The price is below all the major moving averages by a huge margin, and the MACD is turning slightly positive +0.0032 after an extremely long negative period. The RSI(24) at 36 is close to oversold and needs more confirmation ๐ง
Suggested entry: $0.1526 โ $0.1615 (cautious entry)
๐ฏ Target 1: $0.2383
๐ฏ Target 2: $0.3662
๐ฏ Target 3: $0.6938
๐ด Stop loss: below $0.1104
About the coin ๐ท
Cardano or $ADA is one of the largest blockchain networks. It was founded by Charles Hoskinson, a former co-founder of Ethereum. It focuses on security, sustainability, and academic scientific research, and has a large community in smart contracts and decentralized applications.
โ ๏ธ The big trend is still strongly bearish despite the recent improvement โ trade responsibly and we must stick to the stop loss. ๐ก๏ธ
#ADA #Cardano
Hey guys, $ADA at $0.1615 with a +4.94% rise, after a long downtrend from the peak of $0.6938 โ and now itโs trying to consolidate at the current level ๐
โ Good news: The well-known Cardano wallet provider SecondFi has launched a service to recover lost assets โ a practical step that boosts usersโ confidence in the ADA ecosystem.
Indicators:
The price is below all the major moving averages by a huge margin, and the MACD is turning slightly positive +0.0032 after an extremely long negative period. The RSI(24) at 36 is close to oversold and needs more confirmation ๐ง
Suggested entry: $0.1526 โ $0.1615 (cautious entry)
๐ฏ Target 1: $0.2383
๐ฏ Target 2: $0.3662
๐ฏ Target 3: $0.6938
๐ด Stop loss: below $0.1104
About the coin ๐ท
Cardano or $ADA is one of the largest blockchain networks. It was founded by Charles Hoskinson, a former co-founder of Ethereum. It focuses on security, sustainability, and academic scientific research, and has a large community in smart contracts and decentralized applications.
โ ๏ธ The big trend is still strongly bearish despite the recent improvement โ trade responsibly and we must stick to the stop loss. ๐ก๏ธ
#ADA #Cardano