Greetings again dear readers, today I want to present a small analysis of CARDANO, a small coin that has been making its way among the others to occupy an important place in the positions by market capitalization. It is true that with the new rally of BTC confidence has taken strength in investors, but I have been watching the daily chart of ADA for days and as I expected it is beginning to rise, it is very important to note that in the time of red candles this coin held its price well above the last low value, which lays the groundwork for a far superior ATH, this coin is a favorite of many along with chainlink.
We can notice that the last candle corresponding to today is in full growth, it seems that the sales have decreased and now has room to rise.
In the weekly chart we can see that this currency has been in constant growth, from 0.08 to over 1USD.
If we look at the 3-day chart we can see that it has reversed in the middle line, which means that in the long term there is still a long way to go.
I particularly have invested in the ETF ADAUP (Maybe I like to take risks). I have always thought that to make a profit from a crypto investment all you need to do is to have a lot of patience.
We must know that every investment has risks and more when it comes to crypto. This article is not an invitation to invest nor should it be taken as a financial advice but only for information purposes, if you decide to invest do it at your own risk.
All images used in this article are screenshots I have taken myself in the binance PC application.