As we all know Cardano (ADA) had been in consolidation for the past few days. lets look back yesterday's price chart.
Photo above : The price of Cardano (ADA) was in between 1.25-1.40 for 7 days.
Photo above : As you can see yesterday's price had broke the 7days consolidation and now it enters the resistance area, also the ATH (all time high) price.
That one Bull candle from yesterday was a good signal for the Cardano (ADA) to start its bull run and tries to penetrate the resistance area. This is a crucial moment for a trader who plan on buying from this price.
but before that:
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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 for me the safest place to make a trade is after the price penetrate the ATH and makes one good bull candle above the ATH. The price may go down a little and tries to go below the ATH or it may just go up and continue the bull run.
So the conclusion is, for me, i will wait another 1 2 days before deciding to trade the market.
Have a great day!! and keep on HODLing everyone!