ADA (Cardano) Technical Analysis. ADA will boom or dump???

ADA is one of the world famous cryptocurrency with a great future. I will talk about ADA today. Below I have given my two charts.

Lets talk about first chart

The least we could go from here is near the 2000-2200 zone where i have my 0.236 fib, I really think the price would not go below that level.with some good number of hits at this level we might most possibly bounce here, giving us a hope of a double bottom bounce

Now Lets talk about second chart

Here you can see a down trendline which it is following strictly. So whenever it breaks this trendline, you can expect a very good bounce back from this point where you can go long on bitmex or you can buy it on bittrex or binance for a good return.

Points to keep in mind

1. It is totally depend on bitcoin.If bitcoin will be stable or it get into bullish mode then you can really enter the trade. But if goes opposite then this is obvious that it will go down.

2. Depend on volume. Whenever there is NO VOLUME in market, TECHNICAL ANALYSIS does not work.

Guys this are my 2 points which will tell you about what ADA will do in future coming days. But if you look for a long term then you can buy this coin for a great return.