Cardano (ADA) analysis 30 April 66% Gain
Dear Steemit friends,
It is time for ADA profit taking. I was bought ADA on April 11, 2018. I was bought at 0.00002296 and take profit at 0.00038/BTC. I get 66% profit.
You can read my previous post
https://steemit.com/cryptocurrency/@redstrawberry/gain-53-on-ada-cryptocurrency
Daily Chart
The reason for taking profit at this time is doji candle stick pattern. Doji is a reversal pattern. Doji happened when open price and close price is near or same and tail is longer than the body. Doji is indecision between bulls and bears. Rather than expecting higher price i decide to sell 8636 ADA and keep bitcoin for safe heaven crypto currency.
Weekly Chart.
For long term trading ADA still have chance to go higher. We can see the weekly chart, if we use Fibonacci retracement analysis, there is possibility to rise to level 0.000060/btc.
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This is good information for daily traders. I would like to study the weekly chart. Thanks.
You're most welcome @pario
This comment has received a 0.31 % upvote from @booster thanks to: @pario.
to the moon!
This is the first time i am hearing of this coin called Cardano (ADA) and from your analysis it seems like it's only going to get better and more profits for trading, i'm still trying to gather enough funds so i can invest in coins... I'm still contemplating on what coin i should invest in i'm sure you'd suggest ADA i'll read about it now.
Thanks for your comment @lifeofdarlington
I think it could hit a new high after proof of stake.
I took profits around same time but its still going up hope we made the right call.
Thank you for your analysis. I am a fan of ADA. Still, we need to wait for long to get good thing from ADA
This is one of my favorite coins. I bought back in October, i've been hodling ever since.
Cardano is a nice Project to invest. But atm its not the perfect time to buy.
Yes @zaxlling, thats why i make profit taking
Thank you for your advice
hopefully success always
You're most welcome @saiful292