ADA DAILY ANALYSIS

By @glimpsytips10/31/2021hive-175698

Previously I thought to make notes here on HIVE.


So starting my personal note keeping without wasting more time. Here in Pakistan people are facing SORE THROAT WAVE because of severe weather change.

Me, my wife and our 3 kids were all sick and this last one week appeared like a disaster.


CARDANO (ADA) DAILY CHART

I like ADA/USDT pair to keep an eye on because its rate is reasonable enough to make profit unlike other crypto currencies and it has VOLATILITY.

Right now it appears to me that ADA can go down again either to 1.8 or 1.5 and then I should take chance to buy ADA.

As you can see in the picture below. Almost 40 days back (21-SEP-21) ADA price closed at 1.986.

img_0.09274723520781333.jpg

After 21 Sep 21 price movement still appearing in downtrend.

img_0.5459446807856294.jpg

MOREOVER on 27 OCT daily candle closed at 1.912

img_0.08666010506716096.jpg

As one can easily see in the last picture above, that price has closed before previous low on daily chart. So right now it would be wise to either short this currency or if you want to go long then wait for the price to come down and then make decision wisely.

This is enough for today's note keeping post. I am still a newbie with markdown language and faced a bit difficulty while writing this post. Kindly ignore if my post still lacks professional design.

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