Is cardano (ada) a good investment?
Hello everyone, if you like the idea, do not forget to support with a like and follow. ADA is overall bullish , trading above our brown trendline so we will be looking for buy setups.
on H4: ADA is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ADA would be overall bearish can still trade lower.
All Strategies Are Good; If Managed Properly!