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Add as a preferred source on GoogleValdez Identifies $0.21 as a Potential Long Entry for Cardano
The level sits near the daily chart’s 0.5 Fibonacci retracement at $0.21057 and a trendline connecting higher lows since Aug. 17.
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Nick Valdez, chief crypto strategist at Verified Investing, identified $0.21 as a level where he would consider a long position in Cardano (ADA). The price is close to two markers on ADA’s daily chart.
The chart places its 0.5 Fibonacci retracement at about $0.21057. An ascending trendline also links higher lows dating to Aug. 17. ADA’s chart showed a pullback from a high near $0.28 in early October.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.