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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
Cardano price begins 48% liftoff to new all-time highs Cardano breaks out of a descending triangle pattern, aiming for a 48% upswing to $1.6. The MACD has validated the bullish outlook on the 4-hour chart. Cardano has surged by more than 48% in the last 24 hours. The rally occurred in spite of the lethargic upward price action in the market, coupled with the broad-based declines at the beginning of the week. The potentially massive breakout eyes a new all-time high at $1.6. The 4-hour chart brings to light the formation of a descending triangle. This pattern usually has a bearish bias in technical analysis. However, there are instances when it leads to a bullish breakout. A breakout occurs after a consolidation period, but it begins when the price slices through the upper trendline (connecting a series of lower highs). Triangle patterns are known to have exact targets, which makes them easy to trade. For instance, following Cardano’s breakout, the upward target is set at $1.6 and will be achieved after a 48% upswing. Meanwhile, Cardano faces some resistance at $1.27, which has seen the price make a minor retreat to $1.2. Higher support, preferably at $1.2, is needed to secure the rest of the journey to $1.6. It is essential to note that the bullish outlook has been validated by the Moving Average Convergence Divergence (MACD). The trend momentum indicator has crossed into the positive region, suggesting that the least resistance path is upward. Besides, the MACD line leads the way above the signal line, which is another bullish signal. On the downside, a correction will come into play if ADA fails to secure support above $1.2. The 100 Simple Moving Average (SMA) is in line to anchor the price at $1.14. If losses extend, the 50 SMA currently at $1.1 will prevent the bearish leg from sliding under $1. Cardano intraday levels Spot rate: $1.22 Relative change: -0.0228 Percentage change: -1.8% Trend: Bullish Volatility: Expanding
BINANCE:ADAUSDLong
by CoinGape
9
Cardano ADA big picture WeeklyWhat i found on cardano weekly chart just zoom out on weekly chart and cardano is forming cup and handle pattren. As cup and handle pattren brakes the next move will be same as the cup bottom to the Nick line of cup which cane lead us to 7usd+ target Let the cardano retrieve to 0.62 after that sky is yhe limit Entry: 0.62 - to - 0.78 Take profit: 7+ usd Note: its long term game people with high blood pressure stay away from this trade 😎😎😎
Long
by SaadBinRehan
ADA/USDT : targeting last ATH BINANCE:ADAUSDT Hello everyone 😃 ADA had a breakout from Bearish trendline and now it's on triangle's line. We expect an another breakout from current line or a retest on bearish trendline.. Both of them could be valid, but the major line is bearish trendline and now, ADA is above it. 📌 Volatility is bullish on 1H TF and on higher TFs it's being bullish !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
32
ADA currently in Buy Zone 1 for nice swings back to ATHADA currently in Buy Zone 1 for nice swings back to ATH. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
2
ADA Potential Buy entering Buy Zone 1ADA entering Buy Zone 1. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
1
ADAUSD | A Reason for the down turn Afternoon Traders, ADA is starting to give us a good signal it has been grinding down lower and lower showing compression within the price action as we near the $1.100 mark why do I think this, we just broke the 1.180 level (61% fib level) this is giving me a strong indication that price will produce a buy opportunity at the $1.05/ (sub area) around the 79 - 88% fib level on the chart we are seeing strong areas of demand, this is down to a key level at $1.00 level which gives us a great opportunity from a charting perspective to enter on buys around this zone however, I have a contingency in place in case we see a run to lower levels (just in case I get into early) I will simply be watching the structural points as we enter into the $1.00 range, if we end up developing a fractal descending type wedge formation on the Lower time frames, I will also be monitoring the volume to support the likely hood of our expansionary move and an end to our down turn. remember this is just my opinion and I could be wrong, and I always set a stop loss and set limit orders only. key take away NEVER BUY AT MARKET. would love to hear your thoughts and opinions whether you agree or disagree.
Long
by NK008
4