Cardano ADA is a consistent coin with gradual gains and promising projections ahead!
Although chart shows a descending triangle, this might not be the case for ADA. Chart patterns are always easy to read on a naked chart however I forecast a reversal which might reach an all time high in the coming months. This current downward trend should bounce off resistance as history shows multiple times.
Buy target : 5,000 - 5,500
Events :
27 January 2018 - Inaugural London Meetup 05 February 2018 - Roadmap Update
This is not an investment update, always do your own research.
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Following BTC's bleed, ADA handled the storm in a volatile manner ranging from 4,500 to 5,471. That's a 22% fluctuation right there!
Buy target at 5,000 is still active and correct following such bleed. ADA is recovering very fast and should be back on track to achieve the indicated targets. Also note that targets are quite realistic and not exaggerated/dreamy. Remember the amount and depth of corrections following a rise in price.