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ADA Cardano - Our Updated ChartHi everyone, what a boring Friday yesterday was, let's hope we get to see the good kind of volatility this weekend again (Up North - in the Green). Our favorite asset ADA Cardano after another fantastic week has been taking a break, lying on the new support at this very moment. As much as a dip/correction can never be crossed out. especially close to all time highs, we remain moderately optimistic that we can expect a further rise. On the chart you will find 3 short and mid-term target levels. Price is on support so if you use stop losses you can always have a tight (close) one right below this support level. Let's go ADA, you deserve higher. My best wishes for a nice weekend. Lockdown is over here so finally time to have a nice lunch and dinner at a restaurant and enjoy the sunny weather over here. Somehow Shisha is not allowed, not sure how or why it affects Covid but I guess 'it is what it is', shisha or no shisha remember to have good times with the people who matter. That comes second cause health comes first.... trading and money come third. the FXPROFESSOR
Long
by FX_Professor
9
Healthy future for ADA Cardona coming aheadHello friends, Cardano is going though an ascending triangle were there is only one way out witch is upwards for the near future. However for the near term we are experiencing a bounce up towards the 1.38. I expect from there to revisit the 1.07 area to fill the lower gap from the recent 40% gain we had (we filled the upper gap already). Once we filled that gap, ADA shall continue it's way upwards not necessarily straight up within that ascending triangle until we have breakouts through the 1.50 resistance and BOOM! Cardano is very very bullish, for the long term investment you are the winner here, as I expect ADA to reach the $3 range in the next 2 months. Trade at your own risk.
KRAKEN:ADAUSDLong
by PatrickHob
12
ADA 40% up, NOW what? Just be careful it could go either way!Cardano ADA was beautifully rise up 40% with no hiccup. 2 scenarios are waiting for us A or B. I do believe that B is more likely, but with all the hype is going about ADA we could have A in place. First in trading stock, I always afraid from sell the news!!! I mean the listing on Coinbase pro. The hourly chart showing us that we have formed a steep ascending wedge, usually that the price will breakthrough down not up, the squeeze momentum indicator showing a bearish divergences so far. Things to watch, If ADA don't hold the 1.32, we have a 3 support lines to watch 1.27, 1.24 and 1.07 before the trend reverse again and continue upwards. It could happen very much that we may have to revisit the 1.07 area to fill the gap been created for this runs up. Scenario A it could very well happen if we breakthrough from where we are now 1.38 range knockdown the barrier of resistance 1.50 than the road is clear to at least $1.65 - $1.75 I myself sold half of my positions now and waiting to see what scenario is going to play before I buy again. !.32 is very important to hold, and 1.45- 1.48 is very important to knock down. I'll try to keep you updated through the process as much as I can. Trade at your own risk.
KRAKEN:ADAUSDLong
by PatrickHob
6
The markets these days - What we trade apart from ADA CardanoHi guys, wishing you all a nice day and may the force be with you. A lot of you have mistaken me for a 'crypto trader' which I am not. Very simply I trade what I see is moving in a clear direction and this has been clearer on Bitcoin until last week, Alt coins like Cardano and tokens like Enjin and Coti, where our research paid huge dividends and our technical analysis guided us to nice entry points and partial take profit levels. For this week I am attempting a short on Oil which is going well now and I wish to keep it, see if the profit can grow, where at the same time I am still awaiting a further correction on my All Time Favorite asset to buy, the almighty Nasdaq. Thank you all for the nice words and comments. I appreciate it. One love, the FXPROFESSOR
Long
by FX_Professor
6
ADA: $275 BIL. MARKET CAP---HERE WE COME!Hello Traders, Alright, there been a total of three new exchange listing for ADA this week. We have a lot of reasons to be excited about Cardano and the path it's headed down. I don't personally think the stimulus bill will play that big of an effect on ADA, definitely not enough to lead us to the $275 Bil market cap but it can't hurt. No, I think we will see a huge push to the $8+ range once, it's officially added to some of these larger company portfolios and institutional investors. Greyscale seems to be the leader for institutional funds in the crypto world for adding Altcoins to their portfolio, unlike MicroStrategy. Over the next 6-12 months, I think it is highly possible that we see Cardanos market cap break above the $100 Bil. range and then a slower creep up to the $200 Bil. and so on. Technicals are showing an inverse Head and Shoulder Pattern and a cup and handle pattern on the monthly chart. Mix this with very strong fundamentals and we have a great recipe for short-mid term success. Good luck!
Long
by MarkStPeter
2
Cardano may be heading up again! $ADA www.tradingview.com Listing on the Coinbase Pro has made $ADA jump and regain its trend line. If the trend line support holds (which, personally, I think it is likely to) then I am expecting $ADA to reach $1.70ish level by mid-April or thereabouts. Of course, this is assuming that $BTC and the overall crypto market remains stable and that there is no negative news on $ADA in the meantime that could lead to a price drop. Just my opinion. Please do your own DD before investing!
BINANCE:ADAUSDLong
by Big_O_growth
1
Cardano (ADA) Bounces Off EMA50, Looks Good!Cardano (ADABTC) is showing a very strong bounce after hitting EMA50, the retrace might be over. Notice the low volume as the prices drop and the increase in volume as prices bounce back up. The green volume bars are much bigger, the bulls are still around. The MACD went below zero and is now starting to curve up. The RSI already moved back above 50 and is now looking strong. ADABTC can resume growing here, the next target is marked on the chart. Note: Moving and close below EMA10 daily would lower the bullish strength we are currently seeing on this chart. Thanks a lot for reading. Namaste.
by MasterAnanda
13
Support areaHi everyone, I hope you are doing well. After this short consolidation we can see that we have reach a very big support on the ADA/BTC pair. This area is a part of the previous resistance from April 2019 and was also a support in various occasions in 2018. The 4 hrs oversold as the 6 hrs and almost the 12 hrs are confirming the bias that we will hold this strategic position. In case we don't hold it, we should see a test of the EMA 200 at the daily (arround 1200 sats) and a clear weekly consolidation. This would be short term bearish for ADA/BTC and very unlikely if we consider the investors sentiments, the fundamentals and the positives news coming during the next months. Anyway the market could be affected by bitcoin going down as a Black Swan event. Daily Weekly In case our bullish bias is validated we will probably see a green hammer on the daily today and forming a good output for the week-end in general. I expect a close between 1945 and 1970 sats placing the trend over the EMA 12 at the 3D (I don't have the image sorry) to perfectly create the conditions to start a bounce and the rejection of the bear cross of the EMA 12 under the EMA 26 at the daily. Nevertheless we need to be careful with the 3D that is still in a zone that could trigger a weekly consolidation heading for 1630 sats. Everything let us believe that April would be very bullish for Cardano with a potential bull cross on the monthly. Monthly About the resistances we can see a dynamic resistance (in red) that give us information to when to consider a possible test of the historical resistance at 4190, one of the last major stone before thinking to see ATH. More information will be available once we break our local high at 3200 sats and the dynamic resistance. In case we hit 4190 sats very fast, we should expect a correction between 40% and 55% to cool off the monthly and weekly rsi.
Long
by khundar
Cardano Boppers 34 The Cardano breakout on Bitcoin has barely begun, I'm not worried about touching this investment, please hold your ADA bags forever. I'm more interested in Bitcoins 100k challenge. Watching ADA on the bitcoin means our breakout could occur in a BTC crash ! Or totally not, I have a few and hope 100 thousand price is accepted this year. Cardano has the potential to multiply regardless, but drop your philosophy in the comments :) PS: The American Stimmy just passed cost more than the total crypto market-cap.
Long
by trentonscoleman