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reees
Jan 3, 2022 10:45 PM

Time to buy again 

Cardano / US DollarBinance

Description

People like to complain that Cardano's development is "slow". I would argue that this is one of its greatest assets, and Cardano's development methodology is the biggest reason that I'm bullish on the project long term. And for me, Santiment's 2021 data is further validation of this sentiment, showing Cardano as #1 for both development activity and development contributors in 2021. Good software takes time to develop. It's not all about cranking out code for the sake of meeting the demands of an overly aggressive roadmap.

From a technical standpoint, price is in an area where I like to buy:
(1) Approaching the high TF bull trendline
(2) Decreased margin selling
(3) Increased margin buying

I'll be placing orders between $1.00 and $1.30, with $1.20 being the heaviest.

Comment

Didn't take long before my $1.20 order was filled. Bullish hidden divergence on the weekly makes me (cautiously) optimistic.
Comments
GlaswegianCamel
nicely done!
reees
suvny21
different work, thanks
reees
@santana2331, thanks for the comment!
Motrades
Do you think it can get to 0.83 support?
reees
@Motrades, possibly during a bear market, but I think the strong support around $0.90-$1.00 will probably hold for now
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