Pair: ADA/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Technical Analysis
- Downtrend flipped support
- Broke HTF downtrend
- RSI confluence
- Momentum trade
- We expect our targets to be met within 1 month
Our Entry Zone
0.00001115 - 0.00001254
Our Targets
1: 0.00001420
2: 0.00001666
3: 0.00001912+
Our Stop Loss: 0.00001050
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Axsonex Team
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DISCLAIMER:
This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.