Cardano (ADA) Could Be Set Up For A Sunny Spring Rally

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Last week, ADA slipped another 50 percent from the $0.07 support (orange) and bounced off of a new all-time low level of $0.035 (red). It looks as though ADA has found a new support and will most likely spend the next two months trading sideways to consolidate and establish a base.

Unless Bitcoin (BTC) makes another serious move to the downside, ADA is in a great buying position for the long-term holders and could potentially make for a lucrative swing trade come February of the new year.

Be sure any to set stop-losses tailored to your risk allowance if you look to make a swing trade as the price is in unchartered waters with no pre-established supports to catch on the way down.



Read the full analysis @ BeInCrypto: beincrypto.com/cardano-ada-could-be-set-up-for-a-sunny-spring-rally/