Good evening to all dear steemeans.
Tonight we are going to analyze the crypto CARDANO (ADA), at the moment it has a value of 2925 satoshis.
At the beginning of the month of May this crypto was for the 4181 satoshis, I made a correction and in these moments it shows a good recovery.
In the 4 hour chart we can see that it is touching and bouncing at the 50% fibonachi level, and it has just bounced on our uptrend line.
The stochastic is oversold and the rsi at level 53.
In my opinion, I would wait for the rsi to be oversold, that the price of a small setback and go into a purchase for a quick gain.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
