ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) surged to a six-week high in today’s session, as markets reacted to the latest University of Michigan consumer sentiment report.
Sentiment in the United States fell to a reading of 62 in March, from a final sum of 67 the month prior.
ADA/USD surged to a peak of $0.4025 earlier in today’s session, following a low of $0.3709 on Thursday.
This move saw Cardano climb to its strongest point since February 21, when the token reached a high of $0.4061.
Overall, the surge came as the 14-day relative strength index (RSI) moved beyond a ceiling at the 60.00 mark.
At the time of writing, the index is tracking at 63.67, which is close to the highest point of resistance at 64.00.
This is not a piece of financial advice.
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Adausd
Cardano RESISTANCE BROKEN! Cardano cannot be left behind when an ALTSZN comes. Cardano has one of the biggest ecosystems and it only keeps on growing which is a very important key factor to knowing which alts will go up the most. "Never underestimate communities" Even XRP,DOGE, SHIBA which people normally tend to throw hate all the time but they hold bigger communities than 99% of the cryptos out there.
A remarkable thing we have seen inside Cardanos ecosystem has been some of those projects take off, for example AGIX. AGIX is part of Cardanos ecosystem and has been making a big buzz as its part of the AI . In my opinion, Cardano surely grabbed a diamond right there when they partnered with AGIX.
AN IMPORTANT RESISTANCE HAS BEEN BROKEN which still cannot assure us of anything in the short term but in the long term it assures us the project will always remain there.
Cardano is a blockchain platform that has been making significant progress in the field of decentralized finance (DeFi), offering a range of innovative features and benefits that set it apart from other blockchain platforms.
One of the most significant positive aspects of Cardano is its highly secure and scalable architecture. Cardano's architecture is based on a unique consensus mechanism called Ouroboros, which uses mathematical algorithms to ensure that transactions are processed in a highly secure and efficient manner. This makes Cardano a much more secure and scalable platform compared to other blockchain networks.
Another positive aspect of Cardano is its focus on sustainability and environmental friendliness. Cardano is designed to be energy-efficient and environmentally sustainable, which means that it consumes significantly less energy compared to other blockchain platforms. This is a crucial factor in the world of cryptocurrencies, as the energy consumption required for traditional blockchain networks can be unsustainable and detrimental to the environment.
In addition to its technical advantages, Cardano has also been making significant strides in the world of DeFi. Cardano's platform allows for a wide range of decentralized applications (dApps) to be built on top of it, making it an attractive option for developers and entrepreneurs looking to create innovative solutions in the DeFi space.
Overall, Cardano has been making significant progress in the field of blockchain and DeFi, offering a range of innovative features and benefits that set it apart from other blockchain platforms. Its highly secure and scalable architecture, focus on sustainability, and ability to support a wide range of dApps make it an attractive option for anyone looking to explore the world of cryptocurrencies and decentralized finance.
Cadrado (ADAUSD): Bearish Signal Explained
ADAUSD reached a solid horizontal daily structure resistance.
Approaching that, the price formed a double top pattern on 1H time frame.
Its neckline was broken then.
I will expect a retracement from the underlined blue zone.
Goals will be 0.365 / 0.355
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ADA Trendbreak and retest of the support levelsYou can See that ADA(Cardano) Broke the downwardtrend and retestet the so established Support Zone,after Passing this longterm baerish downtrend.
This is a confirmation, that a Trend change is coming in.
usually this Trendbreak is followed by a V-Shape Retracement to the 50-61. Fibonacci Levels, where i put the Lines.
I think we will reach the Target Zone pretty fast.
ADAUSDT Sleeping Giant: ADVANCE Next ⬆Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In this quick analysis on Cardano, we take a look at:
👉 Bollinger Bands Strategy : What comes next?
👉 Technical Indicator Phoenix Ascending : Where is the short term momentum, bullish or bearish?
👉 Trendline analysis : Local support zone and resistance zones in yellow
👉 Market Cycles : 4 Phases 7 & Wyckoff Method
👉 What NOT to do now
The reasoning behind labelling this post as a "long" , is because I don't believe in trying to catch the exact bottom. this very often leaves you positionless and forces traders to try and jump in whilst the price is going parabolic. With a little more patience, from here the price could easily do a +260%, which is a modest target.
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AGIX BUSD SHORT TERM SCENARIOHey guys! On my previous trade, we entered AGIX at around 0.029-0.32 and had two targets at resistance 1 and resistance 2 (numbered in chart).
We reached resistance 2 which was our first initial target, long term I am bullish with AGIX and I believe we will break ATH and possibly $1+ but on the short term things are looking BEARISH .
I have pointed the reasons why its looking bearish in the chart, I hope you guys can understand, if you have any questions feel free to ask me.
✅TS ❕ ADAUSD: uptrend✅✅ ADA/USD is moving in an upward direction.
The chart has reached the support level.
The price will bounce from the support and continue to rise. ✅
🚀 BUY scenario: long to 0.3624. 🚀
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Remember, there is no place for luck in trading - only strategy!
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My Crypto Convictions - BTC | ETH | ADA | SOL | XLMBitcoin (BTC): Bitcoin is the world's first and most well-known cryptocurrency, created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto. Bitcoin operates on a decentralized ledger technology called blockchain, which allows for secure and transparent transactions without the need for intermediaries such as banks. Bitcoin's price is known for its volatility, often experiencing sharp rises and declines in short periods of time. As of September 2021, Bitcoin has a market capitalization of over $800 billion and a circulating supply of 18.8 million coins.
Ethereum (ETH): Ethereum is a decentralized blockchain platform that enables developers to build and deploy decentralized applications (dApps). The platform's native cryptocurrency is Ether, which is used to pay for transactions and computational services on the network. One of Ethereum's most significant contributions to the cryptocurrency world is the introduction of smart contracts, which are self-executing contracts that can automate the negotiation and enforcement of contract terms. Ethereum currently has a market capitalization of over $400 billion and a circulating supply of over 117 million coins.
Cardano (ADA): Cardano is a blockchain platform that operates on a proof-of-stake (PoS) consensus algorithm. The platform was created by Charles Hoskinson, one of the co-founders of Ethereum, and aims to provide a more sustainable and scalable alternative to existing blockchain networks. Cardano's native cryptocurrency is ADA, which is used to pay for transactions and fees on the network. The platform has gained attention for its focus on academic and scientific research, with a strong emphasis on the development of practical use cases for blockchain technology. Cardano has a market capitalization of over $80 billion and a circulating supply of over 32 billion coins.
Solana (SOL): Solana is a high-performance blockchain platform that aims to provide faster and cheaper transactions compared to other existing blockchain networks. The platform's native cryptocurrency is SOL, which is used to pay for fees and transactions on the network. Solana is built on a unique consensus algorithm called Proof of History (PoH), which helps to optimize the processing of transactions and reduces network congestion. In August 2021, Solana experienced a surge in popularity and price, briefly becoming one of the top 10 largest cryptocurrencies by market capitalization before experiencing a correction. As of September 2021, Solana has a market capitalization of over $35 billion and a circulating supply of over 300 million coins.
Stellar Lumens (XLM): Stellar Lumens is a blockchain platform that enables fast and secure cross-border transactions. The platform's native cryptocurrency is XLM, which is used to facilitate transactions and pay for fees on the network. Stellar was created by Jed McCaleb, one of the co-founders of Ripple, and aims to provide a more inclusive and accessible financial system by leveraging blockchain technology. One of Stellar's notable partnerships is with IBM, who has been working with the platform to develop blockchain solutions for the financial industry. As of September 2021, Stellar has a market capitalization of over $8 billion and a circulating supply of over 23 billion coins.
ADA is going to increase soon!ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.70 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ). The Break out has not Happened yet.
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Have a nice day and Good luck.
ADA : CYCLE VIEWToday, ADA appears to be re-entering a new trend, but the question remains as to what this means for the long term. For day traders, it is essential to monitor the day trading since there are no guarantees for any trend.
There is a good chance that ADA could enter into a new cycle, but we have yet to see a sustained increase trend for the coin in the long term. The critical question is whether ADA is going to experience genuine growth that will bring sustained increases over the long term.
ADA is a coin that has the potential to reach and exceed the $1 mark. Only time will tell if ADA can continue to build on its past successes and reach new heights coming time.
Today it shows interesting, and we will see if it's able to rebuild the trend.
Movements for mid- to long-term trend reversalHello?
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(ADABTC 1W chart)
In order to continue the uptrend, the price needs to be maintained at least above the HA-Low indicator.
I think that below 0.0000 1641 is a mid- to long-term investment area.
Therefore, the key is whether it can rise above 0.0000 1641 and above the HA-Low indicator.
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(ADAUSDT 1W Chart)
Since the HA-Low indicator is passing around 0.2974, if the price is maintained above this point, it is a mid- to long-term buying period from a trading perspective.
However, if it drops below 0.2974, that is, the HA-Low indicator, there is a possibility of renewing the recent low, so you need to think about countermeasures.
As the Bollinger Bands begin to contract, being able to keep the price above 0.2974 becomes more important.
(1D chart)
It can be seen that the highs and lows continued to decline, and the trend was broken after around December 30, 2022.
Therefore, if the current trend is maintained, it is expected to turn into an uptrend.
To do so, it is important to get support around 0.3206, the point of the HA-Low indicator.
If unsupported and falling,
1st: around 0.3032
2nd: 0.2524-0.2772
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
The question is whether it can rise above 0.3448 during the volatility period around March 22nd.
Mid-term and long-term trend reversal can take a long breath.
Therefore, those who want to buy ADA for next year's bull market can refer to this point and proceed with the purchase.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ADA H&S upcoming ?Hello Traders,
I guess am seeing ADA forming a head and shoulders pattern..
It may test the neck line soon at 0.6304.
In case of a break : I guess 0.6000 will be the first major support that the price can retrace from instead of going to the H&S target.
INVALIDATION : Dotted line ( above 6.53 )
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Educational :
What is Head and shoulders pattern ?
The Head and Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern.
If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head and Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
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