Technical analysis by Abmoon about Symbol ADA: Buy recommendation (12/6/2023)

Cardano (ADA) is one of my favourite coins which I choose to invest in. This is trade (investment) setup on larger timeframe. If you never bought ADA before it is still not late. I am not looking to reach targets 2,3,4 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and hopefully on Target 4.Entry Zone: 0.50 – 0.57Buy Zone 1: 0.30 – 0.37Buy Zone 2: 0.13 – 0.16Target 1: 1.33 – 1.44 (128%)Target 2: 2.83 – 2.93 (390%)Target 3: 4.35 – 4.89 (651%)Target 4: 5.73 – 5.84 (891%)ADA price entered Buy Zone 1! If you want you can wait few days and try to catch price on some lower level which is closer to 0,30. I am buying on this price.ADA price entered Buy Zone 1 again. This time I won't buy more, but it is nice price for those who missed to buy it last time when price was in Buy Zone 1.Cardano Community Digest - 28 November 2022Link: forum.cardano.org/t/cardano-community-digest-28-november-2022/110896The Cardano Foundation has new collaboration with the UN Refugee Agency’s national partner in Switzerland: Switzerland for UNHCR (United Nations High Commissioner for Refugees). As part of the collaboration, Switzerland for UNHCR will launch a charity stake pool, with stake delegation by the Cardano Foundation of 3.5 million ada, the native token of the Cardano blockchain. Taurus, a leading Swiss based digital asset infrastructure provider, will run the stake pool.Link: cardanofoundation.org/en/news/announcing-second-annual-global-impact-challenge-with-unhcr/Cardano Founding Entity EMURGO Launches Cardano Spot, a Social Network to Connect Cardano EnthusiastsLink: emurgo.io/cardano-founding-entity-emurgo-launches-cardano-spot/Cardano Community Digest - 20 February 2023Link: forum.cardano.org/t/cardano-community-digest-20-february-2023/114678ADA annual report is out!Link: cardanofoundation.org/en/annual-report/There was some news in the Cardano project since my last post.Cardano’s First-ever Social Media App Goes LiveLink: cardanospot.io/news/cardanos-first-ever-social-media-app-goes-liveFor more news about project visit their website: cardanofoundation.org/en/newsCardano Ballot 2023: The Voice of the Cardano CommunityLink: cardanofoundation.org/en/news/cardano-ballot-2023-the-voice-of-the-cardano-community/Identity Wallet developed by the Cardano Foundation - a W3C-compatible mobile wallet that manages self-sovereign identities across Cardano and other blockchain networks.Link: twitter.com/Cardano_CF/status/1734230735412662527Cardano Foundation Announces Education Partnership with PetrobrasLink: cardanofoundation.org/en/news/cardano-foundation-announces-education-partnership-with-petrobras-1/?utm_content=276153160&utm_medium=social&utm_source=twitter&hss_channel=tw-4135644558Cardano Digest February 2024:Link: forum.cardano.org/t/digest-february-19-2024-messari-report-cardano-q4-2023-catalyst-fund-11-results-cardano-foundations-activities-part-8-developer-blog-rejuve/127928Cardano Community Digest 4th Marh 2024Link: twitter.com/Cardano/status/1764667925082919391Cardano Foundation Activity Report: a message from the CEOLink: cardanofoundation.org/blog/activity-report-2023-message-from-ceo?utm_content=178318539&utm_medium=social&utm_source=twitter&hss_channel=tw-4135644558Community Digest April 29, 2024Link: forum.cardano.org/t/digest-april-29-2024-cardano-welcomes-pragma-a-spotlight-on-stake-pools-zw3rk-ambassador-stories/130980Community Digest May 13th, 2024Link: twitter.com/Cardano/status/1790036100171354334Cardano unveils eco-friendly metrics to meet Europe’s new MiCA rulesLink: cryptoslate.com/cardano-unveils-eco-friendly-metrics-to-meet-europes-new-mica-rules/Community Digest July 8th, 2024Link: x.com/Cardano/status/1810331262764122399Charles Hoskinson Announces Cardano’s Chang Hard Fork “is Practically Finished”Link: beincrypto.com/charles-hoskinson-cardano-chang-hard-fork/Chang upgrade is live. ''Voltaire'' era of decentralized governance started. Link: x.com/Cardano_CF/status/1830411972460093781