Cardano

ADAUSD

459
I think we all saw ADA hitting almost 1$, actually on the daily chart it looks like it went just above (manipulation? I don't know).

We see some support around 0.8$, but I won't be surprised if we go lower like we did 2 days ago, hitting 0.68$.
You just can't expect this rocket to go higher without dropping 30% to refuel from time to time.

You can draw the wedge differently, more like a bull flag, or see it as sideways action waiting for BTC to make a move. I just don't mind going lower to buy more, but that's only because I bought ADA before Christmas and sold a small portion around the big even.

Anyway I am bullish in the long run, can't wait for Goguen (integration of smart contracts) to roll out, expecting ADA to climb way above 1$. Won't make a price prediction, we'll just have to see.

Please do your research and create some sort of strategy before buying.
Let me know what you think in the comments below.


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