CARDANO Price Analysis 11/07/2020

in #cardano โ€ข 10 months ago

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Hello everyone!! How are you guys doing? ๐Ÿ˜€

It's me Lj here for our daily price analysis for different cryptos.

Today I would like to talk about the big move of Cardano and what I think about it in this current state.

The upward move of ADA is really impressive. It went up to almost 250% against BTC and almost 600% against USD.

That is a really big move!

It is really nice to see the clean break out of the price from the months of consolidation and coupled with very good price volume.

Congratulations to all the crypto fans out there who were able to profit from this move.

For others who doesn't hold it yet and planning to buy, I would suggest that to limit your positions already because this move is really over stretched already and it might be nearing its peak.

It is important to have a good plan in entering a position in this volatile state and always have a cut loss in place when placing an order especially here at the current price which is really high already.

Over all, there are really lot of good opportunities in the alt coin markets right now. And it is good to take advantage of it while Bitcoin is still consolidating, because once BTC moves, altcoins might probably go down and the money will flow into BTC.

As always, take care guys both in your Health and also in your investments. ๐Ÿ˜€

See you again next time.

Cheers!! ๐Ÿ˜€