Why I absolutely love Cardano(ADA)

Why I absolutely love Cardano(ADA)

By MadMaxx | Psycho Crypto | 19 Feb 2020


I recently discovered this absolute gem a few weeks back. 

I was surfing through Coinmarketcap,looking for medium volume coins to trade for some sweet profits. My search led me to Cardano.

I had heard of Cardano before, but never really paid much attention to it, given that it was so cheap.

But upon closer inspection, I saw that despite its low ticket price, it had an almost 2 billion dollar market cap.

This got me thinking: Could this coin be just like Ripple? Having a low price, but also having such an amazing market cap?

I started some intensive research. I had made up my mind to learn as much as I could about this coin.

Some time last week, after I had finished my learning process, I published a review here on Publish0x, and luckily that review made it to the "trending" page, which allowed about 1000 people to see it, a first for me.

You can read the review here. Leave a comment so I know you stopped by!

I have since traded Cardano after publishing that review. I don't like sharing my investment amount, but I put in $300 into Cardano. I made up my mind to try to double the account by the 10th of March, and I will give details if that happens. 

But I also noticed that Cardano has a somewhat "predictable" chart, similar to LTC.

Here is a chart so you can see what I'm saying:

I have labeled out the resistance(or ceiling) in red, and the support(or floor) in green.

351665157-311e78b28fb219375b7fec28226a4f4a5bd5510235c357a358ccf5be6abee7a9.jpeg

This is what I mean whenever I says crypto has a "predictable chart".

It is practically impossible to lose money trading something as predictable as this. You simply buy at the green (or lower in some cases) and sell at the red(usually higher too). Don't take trades in the middle, and you really can't lose on a graph like this.

And this is the reason I love Cardano. It's graphs are very predictable, and the price is equally low, so small movements in its price can lead to giant gains for you.

You might be saying: "Ok. He showed us today's graph. I bet there were days when this thing was as predictable as the weather".

So here's the daily chart to whet your appetite:

 

351665157-b1626b63552c3757cce41c4dc6427885010b8d826b501eb7808d58770932595e.jpeg

As we can see once more, there was a clear defined ceiling and floor before the breakout to the upside. If you had bought at the bottom and sold at the top throughout the range, you'd have built up so much free ADA that you would have 1.5xed your account if you sold at the breakout top.

This is basically why I love Cardano so much. There are other factors too, like the fact that it is plain innovative, and has a great team, and has plans for future funding.

But the trading ability of this coin is beyond what I usually see. And since I'm a technical analyst, I have to be biased towards it.

This is the best coin for me to trade right now.

Ps: You can read my Cardano review here, incase you missed the link up. Cheers!

Also, if you wish to know my criteria for picking coins that I trade, and the coins I currently trade, visit this link.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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