Cardano - Where and when to buy 🚀❓

23 Jul 2021

After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins.

Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary.

Where and when to buy?

a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity.
b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.

29 Jul 2021

Catatan

price broke and retest trendline