We are getting prepped for a solid wave 3 through-out the altcoin market and Cardano is no different. After doing 10 or so charts in the last few days, there seems to be a common denominator, wave 3. But in this case, we will talk Cardano ADA. Cardano made some headlines earlier this year after it became the 3rd ranked Break out trade open.
Support.com surges 283% on plan to merge with bitcoin miner Greenidge Generation
Crypto Option Trade
After creating a hanging man candlestick the week prior, BTC created a small bullish candlestick this week. Technical indicators are showing weakness. The Stochastic oscillator is decreasing, but has yet to make a bearish cross. Therefore, while these signals do not confirm a top, they are strong signs that the bullish trend might soon come to an end.
Many on-chain analysis indicators suggest we are witnessing the start of the second phase of the ongoing bull market. This week, we are taking a look at some indicators that suggest a creation of a solid base for the continued bull run in the second quarter of BTC has just closed its sixth green monthly candle in a row, marking an ongoing bull market. William Clemente III, pointed out that in the run, the leading cryptocurrency managed to generate not more than five green monthly candles.
Check out our full list of pros and cons or read on. Andrew Munro is the cryptocurrency editor at Finder. Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery. There is a flat-rate trading fee for all crypto-to-crypto pairs, maker The fees in the table below apply to AUD-to-crypto trading pairs and are based on a day rolling average of trade volume.