Bullish on Cardano

4 Şub 2019

Cardano never fails to amaze me with the amount of progress and team development they have. As we all know the market has been down but we are most definitely in a great period to be accumulating ADA. We can see a possible reversal here with an inverted head n shoulder pattern with a stronger right shoulder being a bit higher in price. Price could do 2 things for the first part of this year in my opinion. 1: Range between .02 and .10 cents 2: reject our current low and break up towards .10 cents leading us to .25 cents in the hopeful future ;) ! There has been great fundamentals lining up with bullish progress of ADA and they are meeting quarterly goals. Everything is explained in the chart. My opinion is we will see a run to .06 cents soon and the new lower high is about to be created. Make sure to wait for the candlesticks to show you the story that we ARE heading up. If you are a long term hodler these prices are right for you and me! ADA enjoys playing in ranges, so I see .06 .08 and .10 as markers. Please trade safe and with risk management as always. I hope you all enjoy my idea!

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Fundamentals that could relate to this idea
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.:. BULL .:. EMURGO Long Term Partnership with Y2X
Source:
globenewswire.com/news-release/2019/02/01/1709372/0/en/EMURGO-Makes-Strategic-Investment-Into-Leading-Digital-Merchant-Bank-Y2X-Fostering-Long-Term-Partnership.html

.:. BULL .:. IOHK SUMMIT 2019 coming in 71 days This April 17th. Speculative nature will show us we could get a hype run for whats to come.
Source: iohksummit.io/tickets/

.:. BULL .:. Ada is not among the 26 cryptocurrencies identified by US researchers last week as being vulnerable to ‘fake stake’ attacks.
Source: iohk.io/blog/cardano-is-secure-against-fake-stake-attacks/

.:. NEUTRAL .:. Nano Ledger Support to come. This could cause a lot of back and forth wallet transfers causing a good reason for consolidations and pullbacks during this time.
Source: Statement Made by Sebastien from Emurgo and on Dec 20th Ledger Made an announcement on twitter it will be included soon with the firmware update.
reddit.com/r/cardano/comments/amkqty/can_i_store_my_ada_on_ledger_nano_s_already/

7 Şub 2019

Not

UPDATE: Price is heading to Heading to .03113 -- do not enter yet. Price is breaking down another leg

8 Şub 2019

Not

UPDATE 2: Price jumped as expected. Those who bough the dip should be in profit. Let's see if it holds!

11 Şub 2019

Not

Price holding rejection at .039 // had a good kiss and it hasnt kissed again with that tail wick. A nice break of the green box into the next level will send the price to .045 or .05 cents. If it rejects back down on the second hour price could head back down for a double bottom formation. Lets continue to see how it plays out. Hodl strong.

13 Şub 2019

Not

Price hitting resistance at .041

13 Şub 2019

Not

Price still in accumulation

15 Şub 2019

Not

possible double bottom retest coming.

16 Şub 2019

Not

Range on bullish side. A close on hourly will help tell us which direction once it breaks out.