Its been a week since the last analysis I have made.
So we look back to the last week price projection. As you can see below.
So we look onto the current price for Cardano (ADA).
As you can see, the Cardano (ADA) price is still in consolidation. This area is a strong resistance area which:
- There is 3x attempt to break the price from this area. (1.40-1.55)
- The price still respect the diagonal line as its resistance for the past 7 days.
As for me, now is the time to get ready, just to watch where the market will go. No trade at this time, but just be extra careful, if you wanted to do daily trade it might exhaust you and this consolidation area is not a good choice to open any trade.
but before that,
DISCLAIMER:
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. The contents on this site are for informational purposes only and does not constitute financial, accounting, or legal advice.
So, as we all know Cardano (ADA) already signed the contract on Ethiopia, Africa for its 5 million students. Also the Cardano (ADA) team plan to expand their project to the other area of Africa anytime soon.
This indicates that the amount of Cardano (ADA) that will be circulated to the block chain will increase, thus this may add a huge demand on Cardano (ADA).
This will result an increase of its price. But then, when will it increase? We just have to wait.
But in my opinion, the price of Cardano (ADA) have to penetrate the current ATH price
and makes it move to at least 1.7 or 1.8 to make it able to continue the bull run.
But for now, we can just wait for the price to move and decide if its going down on price, we can buy at low, and HODL! or if the price continue to rise, then we can rest assured for we have been HODLing from the start! XD
Have a great day!! and keep on HODLing everyone!