🪙 Analysis and follow-up on currency $ADA (Cardano) opportunity to take advantage of the drop and buy from the bottom ⚡️
🔹 Current purchase price: 0.35
🎯 Targets:
🎯 Target one: 0.38
🎯 Target two: 0.42
🎯 Target three: 0.46
🛑 Stop loss: 0.32
📌 Let's talk a bit about the currency:
Cardano is a strong project known for its academic structure and reliance on scientific research before any development, and it operates on a proof-of-stake system, aimed at providing a stable and scalable network with a strong focus on security and sustainability.
📊 Key technical indicators:
• RSI indicator is close to neutral areas and provides room for an upward movement.
• MACD indicator is trying to form a positive crossover, signaling an improvement in momentum.
• Trading volume is average and indicates traders are waiting for the next movement.
• The overall trend direction is still maintaining its resilience after a period of calm.
💡 Advice:
Entry should be gradual, and there is no need to rush; the market always provides opportunities for those who are patient.
⚠️ Alert:
Any clear break of the stop loss level means re-evaluating the trade and not getting attached to the currency
