Still learning more on cryptocurrencies, trying to see if technical analysis do work on them.
After the recent spike for Cardano, I am looking to buy on dips or a breakout. Using fibs, you can see that the 78.6% and 61.8% levels are somehow respected.
I have heard and read abit on Cardano, it seems like a good buy.
Hence I am looking to buy at the 78.6%. If it doesn't go back to that level, I will look to buy at the 61.8% breakout instead.
Let's try this out to see if this works. Feel free to comment and share your ideas, I hope to learn from you guys as well =)
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Alright, buy is in place as price successfully hit and broke 61.8% level.
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First target achieved traders! Congrats for those who followed! 42% increase!
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Traders, do lock in some or all profits, depending on your risk appetite.
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2nd target achieved! How is it going guys...68% rise...hope you guys locked in some profits again =)
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Wow, all 3 targets achieved! 110% rise and even hit 265% returns at the high! I truly believe Cardano can be a long term investment, you guys can read up to find out more.