ADA: another Altcoin to lookout for!!
Good day and welcome to my page, for the past few days I have been relative busy with work, back again today with a new update on an altcoin I have been watching: CARDANO ADA
Fundamentals & News:
- Shelley, the latest update for Cardano. It will start rolling out the network between June 30 and July 7.
- Multiple dates for the update to watch --> 9 June beginning of rollout, 16 June putting things end to end, 30 June shipping out Shelley, 7 July is the latest possibe date for full update, and users must update by July 20.
- The Shelley Incentivised Testnet lets holders earn real ADA, Cardano’s native currency, by staking it. Staking is the process of holding a large amount of the coin while maintaining the network. Holders can operate a stake pool, staking other user’s coins on their behalf, or delegate their coins for someone else to stake.
(decrypt.co/31140/cardano-network-upgrade-ada-price?&utm_medium=referral&utm_campaign=feed&utm_source=trading-view)
Why am I using Weekly timeframe for this coin?
This a coin I see with huge potential for HODLING, the team is hugely talented, with Ethereum co-founders leading the company with multiple technological advancements, and the update coming up soon in late June would bring us just in time, possibly enough BULL POWER to break the historical resistance @ 0.10376. Bringing cardano to a weekly close above this will definitely signal a massive BULL RUN upwards from 1.618 fib level and beyond, as the zones to the upside have not been touched since 2 years ago, they would not pose much resistance for the impending price surge.
What we see now:
- 0.07612 previously strong resistance, has been flipped to support
- in the D1 or smaller timeframes, 0.786 fib level can be seen as holding support @ 0.08353
- MACD in the green, finally crossing the neutral line to the BULL ZONE
- Buy volumes steadily increasing, with minute weekly sell volumes (at the very most, just profit taking from spikes and small pullbacks from BTC corrections)
Personally, this is a coin I would be holding with 15% of my portfolio to year end at the very least, I predict a possible $0.5 - 1 USD valuation per ADA token
Best Regards,
GOLD D ROGER
Fundamentals & News:
- Shelley, the latest update for Cardano. It will start rolling out the network between June 30 and July 7.
- Multiple dates for the update to watch --> 9 June beginning of rollout, 16 June putting things end to end, 30 June shipping out Shelley, 7 July is the latest possibe date for full update, and users must update by July 20.
- The Shelley Incentivised Testnet lets holders earn real ADA, Cardano’s native currency, by staking it. Staking is the process of holding a large amount of the coin while maintaining the network. Holders can operate a stake pool, staking other user’s coins on their behalf, or delegate their coins for someone else to stake.
(decrypt.co/31140/cardano-network-upgrade-ada-price?&utm_medium=referral&utm_campaign=feed&utm_source=trading-view)
Why am I using Weekly timeframe for this coin?
This a coin I see with huge potential for HODLING, the team is hugely talented, with Ethereum co-founders leading the company with multiple technological advancements, and the update coming up soon in late June would bring us just in time, possibly enough BULL POWER to break the historical resistance @ 0.10376. Bringing cardano to a weekly close above this will definitely signal a massive BULL RUN upwards from 1.618 fib level and beyond, as the zones to the upside have not been touched since 2 years ago, they would not pose much resistance for the impending price surge.
What we see now:
- 0.07612 previously strong resistance, has been flipped to support
- in the D1 or smaller timeframes, 0.786 fib level can be seen as holding support @ 0.08353
- MACD in the green, finally crossing the neutral line to the BULL ZONE
- Buy volumes steadily increasing, with minute weekly sell volumes (at the very most, just profit taking from spikes and small pullbacks from BTC corrections)
Personally, this is a coin I would be holding with 15% of my portfolio to year end at the very least, I predict a possible $0.5 - 1 USD valuation per ADA token
Best Regards,
GOLD D ROGER
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