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After two successful Cardano short calls I think we are still not done yet. There is bigger triangle breakout target @ 0.19 which is -27% from current price therefore I'm letting part of my early shorts still in play. As always, don't chase the marke t. Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise.
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ADAEUR
ADA now or neverADA, if it weren't for the fact that the price is underwater I would say that from a technical point of view it is wonderful.
The trend is clearly bearish and has been falling for months.
Even a child would understand that it is in a down trend, but not so many adults would understand that you shouldn't buy a coin like this while it's falling.
Now, we are at an important point.
Two things can happen:
1) it breaks the bearish purple trendline and pumps like there's no tomorrow, or
2) it breaks the 0.786 fib level which magically coincides with a monthly support, unique of its kind. If that happens, we'll teleport downstairs.
I already know that something else might happen, like that the price breaks the purple trendline and then bounces over and over on the blue support. This is because ADA is an altcoin and part of the BTC gang. And the gang members don't do anything unless they first see what the boss does.
Make your considerations.
ADA(Cardano) : DO OR DIEADA is currently testing its 1$ Support zone. This zone has been tested multiple times and it has been holding so far. Cardano must continue to hold this Zone Else #CardanoWinter will get started.
Cardano ADA 3.28 is valid.They are messing with our minds.
www.coingecko.com
The total transaction volume is 90 million dollars.
It's no joke, a stock market candidate with a total volume of all cryptocurrencies of $ 90 million and refuses to list trx.
We don't need to tell you which coins will increase.
www.forbes.com
www.coindesk.com
markets.businessinsider.com
How many times have we experienced similar things in the past? Let me tell you something by accident. they all broke records.
Don't be afraid to read. Don't be afraid to argue.
Make an emergency exit from the etoro exchange. I think it's a scam. ETORO= THODEX
Not investment Advice.
Cardano Next Move 29/12/21 5:50 NY timeHey everyone,
Ill be quick and clear.
Right now these are only two most probable moves for ADA in my mind.
And it all depending if we are able right now go bellow 1.25€ or not on 5min TF.
A, If it break under and test it as resistance is more likly that we go down. Bearish-Red
B, We go over 1.26€ and creating new HH on hourly time frame and testing 1.25€ and holding as support, in that case is more probable Bull-Green
I personally lean towers A. But its best to wait and see what it do.
Gl in your trading
ADA Cardano +19% Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
To learn more about this project, check out our deep dive of Cardano.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Cardano (ADA) at buy zoneCardano has been in a downtrend in the past few weeks. Currently, its Not bad to grab some cardano here... the Cardano market is currently at the fib golden pocket in this oversold market. Take profit will be around the 3.5 Range.
ADA/EUR Cardano long consolidation areaCharts again. Hi mates, charts are looking like the previous consolidation period.
We have to break the 50EMA and make a cross with the 200EMA. If we do i expect a buy back opportunity in the green area, after you can take profits in the orange area.
After all i am aiming for the red area what should be the first target.
Its looking good, but again as previous consolidation period (around same length, but more volatility) we must see 50 EMA crossing 200EMA.
I think the 2,00 - 2,10 EU range is most important to break before we can look further above.
Wish you all lucky trading!!! This is no financial advise, just my expectations.
ADA - Long Entry Into Strong Support and Oversold RSII really like this entry here. ADA has a very oversold RSI at 16 as it runs into strong support and a trend that's been in play since the beginning of the year. ADA also has a history of strong bullish spikes when it gets this oversold, which makes this entry even more enticing. I'm long here.
Cardano is looking goodJust sharing my point of view, not giving any advice.
I have to tell you that cardano (ada) is looking very good, I'm expecting a new AH (=All time high) soon.
We can clearly identify the uptrend and @ the moment the bulls are in control, which gives me the confidence to break our current AH @ 2,50 euro.
Cardano is a company with a lot of potential, i'm expecting a next stop / resistance @ €3 (psychological level) ... but this won't be the last stop ... Ada has a lot more to give, i'm holding ada for the longterm.
CARDANO : SPECULATIVE SELL LIMIT SETUP RISK REWARD 1.15 🔔Welcome back Traders, Investors, and Community!
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ADA - Pullback expected after huge +60% move upwards in 2 daysCardano [ADA} has moved up +60% in the last 2 days from 0.35 EURO on the 5th Feb to 0.589 on the 7th Feb
It has broken through 0.40, 0.50, 0.60 and 0.70 USD before hitting resistance as traders begin taking profits
A pullback to fib 38.2% or 50% level expected before continuation of the trend upwards to $1 level.
BCH / LINK / ADA / DOT Buy Opportunities If Market PermitsI'll keep it short. Unless each takes no break and just continues to climb,
Possible buy opportunities for each at their 0.236 and 0.382 fib retracements.
Make sure to set your stop loss orders not to lose any money or sit there being forced to HODL.