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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Cardano (ADA) Bottomed?

BY: @gibberishcode | CREATED: March 6, 2018, 5:21 p.m. | VOTES: 11 | PAYOUT: $0.02 | [ VOTE ]

[IMAGE: https://steemitimages.com/DQmPormSz8mBWQRo6b2hwwri1yaFH5tXo9a1qYdd3XdY78U/image.png]

Looking at ADA's chart for the first time in a couple of weeks, there are some things I like about what I'm seeing presently. It appears to have found some support and has been trading sideways on the floor for a bit.

I see a bit of an uptick in volume with one huge breakout spike in the mix (probably from a pump and dump event). Zooming in a bit closer on a 2 hour chart, I'm seeing a few spinning tops indicative of a fairly stable price point at the moment. I will be watching this one in the short term rather closely for potential short to mid-term trade to the upside.

I'd like to see the price action climb above the EMA 50 (gold line) and close a couple of candles above before entering the fray.

TAGS: [ #cryptocurrency ] [ #ada ] [ #trading ] [ #crypto ] [ #money ]

Replies

@sci402 | March 7, 2018, 6:53 a.m. | Votes: 0 | [ VOTE ]

So sad...

@rhlll | March 10, 2018, 11:13 p.m. | Votes: 194 | [ VOTE ]

I bought some in January, it took me 1 week to be able to sell after those huge pumps... I'm happy I got completely out of ADA.

@rhlll | March 10, 2018, 11:32 p.m. | Votes: 194 | [ VOTE ]

I haven't seen Cardano in the news recently, is there anything interresting in their timeline?

@rhlll | March 14, 2018, 12:19 a.m. | Votes: 146 | [ VOTE ]

Is it time to buy again?

@alliesin | March 11, 2018, 3 a.m. | Votes: 45 | [ VOTE ]

Things look pretty grim for cardano :(

@rhlll | March 11, 2018, 4:04 a.m. | Votes: 186 | [ VOTE ]

As for the rest of crypto.

@rhlll | March 14, 2018, 12:15 a.m. | Votes: 154 | [ VOTE ]

Do you still own any?

@alliesin | March 14, 2018, 4:46 a.m. | Votes: 205 | [ VOTE ]

No. Bought it on october 1st 2017 when it was introduced on bittrex and around 2 cents. Sold somewhere during free fall. Had to lock in some gains.

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