How Long Will ADA Continue To Increase?

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In Brief
  • ADA is trading near a very important support level at $0.107. The next support area is found at $0.09.

  • A golden cross has taken place on the daily time-frame.

  • The price is either in the fifth wave of an Elliott formation, or has already begun a correction.

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The Cardano (ADA) price has been increasing at an accelerated rate over the past two weeks, moving above a nearly two-year-long resistance line. A weekly close above this area would allow for a rapid increase, while a close below would indicate that the trend has ended. Long-Term Movement The ADA price has been increasing since it reached a low on March 13. The increase has been quite
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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