The $0.5 zone is having support but the buying power is decreasing until now. If it doesn't lose this support zone, in the next few days ADA can absolutely rally to the $0.6 and $0.75 zones. But if it loses this $0.5 zone, it will continue to plummet to $0.42 and $0.35 so we need to be careful.

♻️Condition : If 1-Day closes ABOVE 0.5$ zone 🔴Buy : 0.5 🔴Sell : 0.6 - 0.75

♻️Condition : If 1-Day closes BELOW 0.5$ zone 🔵Sell : 0.5 🔵Buy : 0.42 - 0.35

📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
 Alert/Action  Notify at Price  Target Price  PnL  Timeline
Buy at Market 0.5497$ 0.5$ 2022/05/15 15:34
Highest Peak 0.61$ 22.0%
Take-Profit 1 0.5851$ 0.6$ 20.0% 2022/05/15 20:43
Drop 15% 0.5181$ 2022/05/18 16:05
Stop-Loss 0.4789$ 2022/05/27 00:00

Total PnL: 20.0% - CLOSED

  • Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network with its inception dating back to 2015. It utilizes a modified version of UTXO (EUTXO) to accommodate support for smart contracts, which is currently under development.
  • It is supported by three main organizations: the Cardano FoundationIOHK, and Emurgo. They all work in conjunction to support development, promotion, and commercial adoption efforts.
  • Cardano’s progress of development is divided into 5 phases, which are concomitantly rolled out through a process that relies heavily on academic research and engineering best practices.
  • Cardano is expected to implement full support for smart contracts by the end of 2020 with the final Goguen update.