Technical analysis of Cardano. ADA-BTC on December 04, 2018

#ADA
It also demonstrates excellent levels for considering a long-term investment. Cardano needs no introduction, a strong product with an excellent development team, a successful competitor for many blockchain projects. After large-scale impulsive growth, 2017-2018 corrected to -90%, reaching levels at which we see tight support and the possibility of opening long-term investments. The closest magnet for the movement of this market will be the resistance of Fib 0.786 (around the level of 2100), the achievement of which will bring the price increase to +150%.