ADAUSDT 1HADAUSDT 1H
Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought.
• There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I believe will continue the bullish pattern imposed in recent hours.
Here are the supports and resistances:
Supports 0.4370 / 0.4296
Resistances: 0.4462 / 0.4505
RSI : Seller
MACD: Buyer
MM200: 0.4267
EMAS : Neutral, which may indicate an accumulation period
ADAUSDT
ADAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ADAUSDT
Based on our last analysis on April 10, we predicted a rising trend to happen and at the moment we see the price had a great rise. R1 is a long-term resistance area in the current chart with its presentation of the disability of the price to rise at several points. S1 and S2 used to be resistance areas. And S3 is a support area at the bottom that shows the support of price at different points. Thus, the price has a fluctuation in S1 area and we observe that it fell into this area after being in a rise. We predict it to experience two options. One of them is a rise over S1 and we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1. So by having more fixation over S1, more rise is expected for the price to higher amounts. It is even possible that the price loses the support and falls below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. S3 is considered a perfect point for putting trade orders but we should wait for the price to move toward it and then in our future updates, we will provide specific details for you. Please be cautious about various points and details and remember that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ADA Oversold but eyeing $0.60Cardano lost market sentiment in SEO search results to other trendy coins like doge and shiba.
However, technically speaking from the charts, ADA has broken a nice resistance line on the daily.
It is eyeing the $0.63 zone on the LOG chart according to the FIB levels.
This is a heavy resistance zone, and I don't expect the price to stay here long.
For short term traders, RSI on the weekly and RSI with a 14 day average (in red) are both +70 and signifying a decline in price shortly. Indicator wise its slightly bearish, and pattern wise it's neutral-to-bullish.
I would suggest waiting for a nice clear reversal pattern on the WEEKLY chart before buying in
LIKELY SHORT TERM TARGET: $0.54
LIKELY LONG TERM TARGET: $0.64 (by long I mean a few months max)
ADAUSDT....D= Technical analysis of the ADAUSDT daily chart
= The analysis is based on trend analysis, support and resistance
= He has overtaken a downtrend on the weekly frame..and now he has 2 scenarios..the first is retesting downward before continuing the upward trend..and the second is continuing the upward trend
Area = 0.4422--0.4623 is not valid for trading
✴️ Cardano | RSI Long-Term Signal ExplainedI am going with Cardano again because I have a very interesting signal to show you.
This signal is based on the Relative Strength Index (RSI) and goes as follows... Let's start with the chart.
So much to look at in a single chart.
✔️ 1) We have a long-term higher low; Dec. 2022 vs Dec. 2018.
✔️ 2) The cup (yellow) pattern indicates a bottom formation. By bottom we mean that it can't go any lower.
✔️ 3) The middle line in blue is 50. RSI above 50 weekly is super-strong, the bullish zone. Currently the RSI sits at 57.81.
✔️ 4) Straight up. The RSI line is literally a straight up line, pointing up with growing momentum.
✔️ 5) There is plenty of room left for additional growth.
You can read yesterday's trade idea for the short-term.
We have a 200 day high, the higher low, volume, etc.
✴️ Cardano New 200 Days High
Thank you for reading.
Remember to boost, comment and follow.
Your support is truly welcome and appreciated.
Namaste.
I like to keep it Long, simple and boring. BCH On the last Cicle I was able to get in on BCH at HKEX:80 EVEN THOUGH every single influencer and youtube were betting against it. The Token KILLED it wtih 1500% gains. I know everyone wants 5,000,0000 % returns and if not then the token isnt work it. Blackrock Stated the like open source, decentralized and permissionless tokens and CHATGPT gave me the top 10 (BCH within them):
Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. It is completely decentralized and operates on an open-source protocol. Anyone can participate in the Bitcoin network without needing permission from any central authority.
Ethereum (ETH): Ethereum is a decentralized platform that enables the creation of decentralized applications (dApps) and smart contracts. It is also open-source and permissionless, allowing anyone to build on top of the Ethereum network.
Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is based on the Bitcoin protocol. It is also open source and decentralized, with no central authority controlling the network.
Dogecoin (DOGE): Dogecoin is a cryptocurrency that was created as a joke, but has gained a significant following. It is open-source, decentralized, and operates on a proof-of-work consensus algorithm.
Monero (XMR): Monero is a privacy-focused cryptocurrency that is designed to be completely anonymous. It is open source and decentralized, with no central authority controlling the network.
Bitcoin Cash (BCH): Bitcoin Cash is a fork of Bitcoin that was created to address some of the scalability issues of the original Bitcoin network. Like Bitcoin, it is completely decentralized and operates on an open-source protocol.
Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more secure and scalable infrastructure for decentralized applications. It is also open source and decentralized, allowing anyone to participate in the network.
Stellar (XLM): Stellar is a decentralized platform that enables the exchange of digital assets and cross-border payments. It is open source and permissionless, allowing anyone to use the network to send and receive funds.
Dash (DASH): Dash is a cryptocurrency that is designed to be fast and efficient. It uses a two-tier network that allows for instant transactions and also provides additional features like private transactions. It is open source and decentralized, with no central authority controlling the network.
Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to ensure the privacy of transactions. It is open source and decentralized, with no central authority controlling the network.
✴️ Cardano New 200 Days HighYesterday ADAUSDT hit its highest price in 200 days as it launched a new open source tool to develop smart contracts on Cardano, Aiken.
The chart continues to look pretty good...
What one does, the rest follows!
Cardano hit bottom late Dec. 2022 and started the year with a bang, same as the rest of the Altcoins market.
After peaking in February a strong correction took place which is normal after a period of sustained growth.
This correction ended mid March, the 10th of March to be exact, in a higher low.
Now we are witnessing the resumption of the bullish trend.
This is something we have been tracking/expecting and it is likely that additional growth will follow in the coming days.
Namaste.
ADAUSD cardano big Pump?hello everyone... alot of whales are jumping in the cardano lately... and recently the price has broken through main resistance level will it pull back? at this point chances are very slim since its heating up with investors.. as long bitcoin remains bullish to reach its highest at 32k.. most likely cardano will each it's highest at 0.60
in 4hr timeframe support are 0.44 and 0.42 it can likely test back to..
this is an update to my previous analysis...
good luck to all investor...
Trading Idea on ADA/USDBINANCE:ADAUSD
Based on the technical analysis of Cardano (ADA/USD) on the daily timeframe, a potential cryptocurrency trading idea could be to buy ADA/USD at the current price of 0.450, with a stop-loss order set at 0.400 and a target price of 0.600.
The rationale behind this trade idea is based on the recent bullish trend of ADA/USD, which has been trading above its 50-day and 200-day moving averages. This indicates a potential upward momentum in the price of ADA/USD, which could be a profitable opportunity for traders.
Furthermore, Cardano has been making significant progress in terms of development and adoption, which could further increase the demand for ADA in the long run. This is evidenced by the recent partnerships and collaborations announced by Cardano, as well as the growing number of users and developers joining the Cardano ecosystem.
However, as with any investment, there is no guarantee of future returns, and investors should always conduct their own research and seek professional advice before making any trading decisions. It is important to monitor the price movement closely and adjust the stop-loss order accordingly to manage risk effectively.