hello community friends all good morning, come back with me this time I will discuss again about crypto curency, which is quite interesting to talk about lately.okay, the theme this time we will discuss one coin that has been issued since its first release until now, it can be said that the coin is stable, this coin can also be used by traders for long-term investment, what is that coin? yaps right CARDANO
THIS PICTURE IS TAKEN FROM THE CARDANO BLOCK
Do you know why cardano has good fundamentals, because cardano is supported by a CAO called CHARLES HONKINSON. he was the mathematician who was responsible for the formation of ETHERIUM. As we know ETHERIUM is currently one of the most expensive coins where per coin has reached $ .4,356, that is a fantastic number, even CARDANO itself also provides educational assistance.to the African people, so there is the term CARDANO IS AFRICA.
CARDANO also has a large supply which is confirmed on the coin market of 45,000,000,000 which is an extraordinary number. then looking at the cardano chart it has reached its highest point whose nominal value is almost touching $.2
the image is taken from the coin market cap
Then we can also see the strength of Cardano from the top proof of stage, here the coins are sorted according to the top coin stability rank, and Cardano occupies the first level in the top proof of stage position.
technical analysis
okay then we analyze using technical, I use the binance form plate using a period of 4 hours. I marked the pink line as a support point, which, despite being broken, was finally able to turn around.
then see from the chart the value of Cardano is included at an expensive price, but it is possible that it will continue to go up, but if the price goes down you can buy it at the price I have marked in the following chart.
if cardano goes down I suggest you buy it at a price of $ 1.6 to a price of $ 1.5 usd. That is my opinion but it is up to you. if you are sure to buy it right now it is not a bad choice but minimizing risk is a better way of trading.
That is my opinion on Kolin Cardano this time, if any of your community friends have other opinions, you can give me input via message, I hope that the opinions I give can help friends in choosing the coins that you want to invest in the future. thank you for the time to see you next time thanks