ADA is looking bullishAda is very bullish on daily time frame, i m going to long this, after long wait its about to expload
Adaus
Cardano, Forms Bullish Edge, Potential Continuations!Hi,
Welcome to this analysis about Cardano, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis Cardano developed this main bull-flag in the local structure which already completed bullishly to the upside and since then Cardano has shown up with this great bullish edge, now it is testing the upper boundary of the ascending-channel-formation marked in my chart and when Cardano manages to move above it finally closing above the upper-boundary this will be the origin of further bullish continuations and also the wave-C-extension to the upside, potential targets, in this case, will be pointed around the 1.9 USD zones.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
How Cardano Can Maintain A Sustainable Bullish-Breakout! Hello Traders Investors And Community,
Welcome to this analysis about Cardano, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Cardano the last times is trading in some very interesting dynamics as it is still above important supports it looks for a potential stabilization in the structure, when Cardano shows up with the right price-actions in next times this can lead to a sustainable bullish-breakout, in this case, I detected all the important levels and likely determinations we should consider with Cardano's established structure and the upcoming destinies ahead.
Structural Developments:
As when looking at my chart we can watch there how Cardano has recently formed this ascending-channel-formation marked in my chart in blue, in the more global perspective Cardano is trading within this potential major descending-triangle-formation. The next times when Cardano moves below the lower-boundary of the ascending-channel it will complete it as a bear-flag and show up with further bearish continuations however as Cardano has strong supports within the lower levels marked in my chart in blue and also with the point-of-control this will be a good zone for Cardano to develop a bounce to the upside and when Cardano manages a sustainable bounce within this zone it can lead to a great breakout and therefore completion of the descending-triangle.
Upcoming Determinations:
Taking all these factors into the consideration now it will be highly important to elevate next times how Cardano continues with the wave-count within the descending-triangle and how it can maintain the stabilization above the support and ongoing bounce from it. In this case, it is of utmost importance and necessary that Cardano does not close below the given supports because such a price-action will invalidate the whole formation and show up with further bearish pressure however this is not the most possible scenario to develop as Cardano has the solid supports remaining. When Cardano manages a sustainable bounce and ongoing completion of the formation targets can be projected to the upside, it will be an interesting journey.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Cardano, Forms A Channel-Breakout, Here Are Next Possibilities!Hi my friends,
Welcome to this analysis about Cardano, we are looking at the 2-hour timeframe perspective. Cardano for a longer time is moving in a sideways range where it developed a decisive descending-channel-formation in which the conditions recently altered with Cardano managing to move above the upper-boundary and close there, besides that I discovered other significant signs that can determine the upcoming outcomes ahead, therefore we are looking at all the important levels and likely perspectives we should consider with Cardano.
As when looking at my chart we can watch there how Cardano moved above the upper-boundary of its descending-channel-formation and closed there, this move also matched to the ABC-wave-count to the upside, now the next times we can expect Cardano to form the wave B in the structure which will run into the upper-boundary and the back-up-cluster lying there marked in my chart with the blue box where several supports coming together consisting of the 45-EMA in green, the 300-EMA in red and also horizontal support lying there overall making this a great zone for the origin of the final wave C to the upside which will emerge when Cardano manages to bounce within this structure and move higher above the 45-EMA, when such price-action shows up the upside targets will be activated where Cardano will run into the strong resistance lying there and when this is reached it has to be elevated how it moves on further from there and if there comes a bearish reversal which is the more likely scenario or Cardano somewhat manages to stabilize and move higher, it will be a interesting journey ahead.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Cardano, Moving In Huge Channel, These Are Next Steps Ahead!Hello Traders Investors And Community,
Cardano is still holding above the 200-EMA in the structure where it formed several bounces to the upside, currently, this level is still holding and besides that Cardano is forming this bigger formation here which can be decisive in upcoming price-actions ahead, for now we should not underestimate the bearish perspective as Cardano has still some strong resistance layers lying there above that this is why a bearish pullback is likely to establish sooner or later, therefore I detected all the important levels and likely outcomes we should consider within the current structure and upcoming determinations.
When looking at my chart you can watch there Cardano now trading within this massive ascending-channel-formation marked in blue where it already completed the waves A-B and now forms the major wave C which will lead directly into the upper-resistance, at the moment Cardano has formed already the waves A and B within this major wave C and when Cardano now manages to bounce within the middle-line and the 65-EMA this can be a very good origin for the final wave C which will complete the whole major wave and set up to finally form the next waves in the structure which will be the D and E wave, where the D wave is likely to bounce within the blue back-up-cluster within the lower-boundary of the huge channel and from there on be the origin for the final wave E to the upside moving into the upper-boundary and completing the whole wave-count where when this happens Cardano can move on to complete the whole ascending-channel-formation as a bear-flag when the proper price-action shows up here which will happen when Cardano closes below the lower boundary with a decisive bearish move.
Currently, we should determine how the whole formation and wave-count completes and what happens when this whole formation has finally completed, therefore it is important to determine how Cardano reacts within the final resistance-cluster and when this pullback is with strong pace this can finally move on fast to complete the whole formation, in any case, the bearish side should not be underestimated here as there are still these strong resistance-levels lying and the bearish signs as suggested, it will be an important development and it has to elevate how Cardano continues when it potentially confirmed the channel as a bear-flag and reached the lower targets in the structure.
In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best!
“Trading effectively is about assessing possibilities, not certainties.”
Information provided is only educational and should not be used to take action in the market.
Cardano-Market-Status-Update-AnalysisHi my friends,
Welcome to this analysis where we are looking at Cardano's daily timeframe perspective, the recent events, the current formational structure, what we can expect the next times, and how to possibly handle upcoming situations in the right manner. The cryptocurrency market divergences and spreads increasing and the formations the individual coins providing differ the more with an increasing pace, this is why we need to only by a fundamental perspective distinguish between the certain coins as the smart money and market makers are within the different currencies but also from a technical perspective these divergences within the technical analysis need to be distinguished and it should not be kept by side because this is too often happening these days, in order to assess the market properly we need to take all these differences may it be either fundamentally as well as technically into consideration.
Structural Developments:
Looking at my chart you can watch that Cardano has built and completed a very interesting formation in this structure here where it has formed a descending-triangle-formation which is often a reversal formation signaling bullish continuations ahead when confirmed properly. You can watch this formation marked in my chart with the blue lines and it already approved the breakout properly where it has now closed above the 100-EMA and confirmed this already, all these factors together with the inverse head and shoulder forming here which I already mentioned previously speaking for a bullish continuation till Cardano has reached the targets and till there can be a reversal because of overbought conditions, the line which is holding this bullishness currently still to the upside is the trendline marked in grey in my chart where Cardano already bounced and is likely to do it anew as it is marked in my chart.
Upcoming Outlooks:
When Cardano takes up now the more likely bullish continuation scenario this will continue till the upper ranges as you can watch these marked in my chart in red where Cardano has this preliminary resistance-cluster were not only horizontal resistance lying but also a supply-zone, this is why there can be a pullback expected after Cardano has visited this area. When Cardano now pulls back bearish in this cluster and breaks below the uptrend-line it will continue with bearish pressure till there is substantial support found where it can stabilize again which will be in the blue appropriate back-up-cluster marked in my chart, where coherent support is lying consisting of the 100-EMA in blue and the Fiboanccis also available there, this level is important to hold to further bullish continuations and it will be interesting to watch how Cardano is reacting into this zone.
In this manner, thank you for watching, good day my friends, and support for more market insight.
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
cardano uptrend and profit 38%bullflag is formed and we have to wait for the price to come out of the flag
If the price goes up, the profit potential is 38%
ADA IS A GREAT BUY WHILE IN ACCUMULATION PHASE - CryptoManiac101ADA / USD TA
We are looking fine overall on Cardano USD trade. Long term traders should be in this trade, however we don't have any clear reversal pattern besides the enormous accumulation. If we look at current price point, it's very alluring especially in comparison to XLM or XRP and can be considered as an addition to one's portfolio.
There's no clear breakout time frame which we should be looking at, but overall it does seem that ADA found bottom.
