Good Afternoon fellow community,
Cardano (ADA) is looking good after a long continuous down trend and has just taken support and is currently making a good positive candle today as shown below in the chart (ADA/BTC).
Chart Source: binance.com
Two more good green candles and we are into a good bullish rally which can last 0.0000540 BTC. RSI trend is also in good position with bullish trend and MACD is still below zero and again if MACD lines cross the zero mark towards positive side, then the stage is set for the bullish trend if ADA.
I guess those who invested in ADA may wait a little more for the gains and stop loss may be 0.0000307 for the safe side to avoid huge loss in case of bearish trend.
Disclaimer: I am not a financial advisor and the purpose of this post is for information only. Do your own working for any trade in ADA as I will not be responsible for the loss.