Cardano: Price Analysis, April 06

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ADA/BTC

Cardano turned down after coming close to the upper end of the range on April 04. We expect it to consolidate between 0.00001690 and 0.00002460 for a few more days.




ADA/BTC




There are two ways to trade a range. Either buy on a breakout or wait for prices to dip to the lower end of the range. We shall wait for either scenario to play out before suggesting any trades on the ADA/BTC pair.

The longer the cryptocurrency spends consolidating, the stronger will be the next breakout or breakdown from it.

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