Cardano (ADA) Bottomed?

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.

Sort:  

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.

So sad...

Coin Marketplace

STEEM 0.21
TRX 0.26
JST 0.040
BTC 101165.24
ETH 3668.48
USDT 1.00
SBD 3.16