Crypto Screener › Forums › Cardano (ADA) Forecast – Technical Analysis › Cardano (ADA) Technical Analysis – February 2018 › Reply To: Cardano (ADA) Technical Analysis – February 2018
February 24, 2018 at 9:12 am - Views: 2164
#1618
Lets have a look at the longer term view on the Cardano markets.
ADA vs BTC 
The market is looking very bearish against Bitcoin, we can see a weak attempt at a bottom forming around 3000 satoshi, however not much trading volume present so support will get tested again.
Should 3000 fail I would expect even lower prices, 2000 sat is the next support level.
Be patient and wait for the market to show the way, some traders will be placing buy orders down as far as 1000 sat to catch any potential selloffs.