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Adausdtshort

ADAUSDADA/USD fell to nearly 91 cents during the past weekend. Although a reversal higher was accomplished and a high of nearly 1.170000 was seen on Sunday, ADA/USD has again fallen under the duress of strong headwinds. Cardano is trading in correlation to the broad cryptocurrency market which continues to show a lot of nervous sentiment. A troubling indicator for ADA/USD is that it is trading below its lower prices seen in June and July of 2021. The technical fact that Cardano is a lower value now, after falling to the values seen during June and July after achieving its highs in mid-May of last year are cause for alarm. The reason for this is that after the over exuberant bubble popped last spring, ADA/USD was able to find a level of support in June and July, and then actually achieve all-time record values in early September of 2021 over 3.000000 per token. The ability of ADA/USD to crash below the June and July support levels, after achieving the record highs of this past September shows the current massive selloff is greater than the selloff seen late last spring and into the summer. As of this writing, ADA/USD is hovering near the 1.000000 mark and this may be considered a strong barometer short term for Cardano. However, the token has traded beneath this depth only a few days ago. If ADA/USD is able to sustain a value below the 1.000000 juncture traders will need to consider the potential that Cardano may be ready to test values not seen since the second week of February of 2021. The current price range that ADA/USD is traversing is dangerous because if the current values are not able to be sustained and February prices from last year are seriously challenged, then ADA/USD could test the electric fast conditions which saw it climb in value from nearly 40 cents at the end of last January until hitting the one dollar per token value in the third week of February 2021. ADA/USD remains stuck in a bad bearish trend. Traders who are tempted to believe ADA/USD has been oversold and remain optimistic about upwards momentum are urged to use stop losses if they want to wager against the prevailing trend and look for upside. Speculators who want to sell ADA/USD cannot be blamed, but they may want to use quick hitting take profit orders so profits do not vanish via reversals which go against their short positions. ADA/USD is volatile and risk management is crucial. Traders who decide to speculate on Cardano under the present conditions need to remain realistic about their price targets.
AShort
by SmoothJB
2
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder. This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending. Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin. Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum. Either Bitcoin crash, and all other crypto also crash due to the same environment system. In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system. That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano. Why? That answer is simple. Leader. Whoever once control the bitcoin, will control other coins. Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI. Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins. Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end. Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays. In my calculation of the century, Cardano once again will visit the key value of $1.550. Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding. What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder. Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene. We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance. The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings. We learn something that even a believer holder once a panic attacked will withdraw their funding. The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment. The success of Cardano is dependant. But Bitcoin is otherwise - undependable As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins. Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021. All the agenda will be revealed one by one. Zezu Zaza 2048
Short
by Zezu_Zaza
3
ADA/USDTAlways read/ check for update comments as I might change (no Obama) something in the idea. We broke out of a consolidation phase, had a backtest, and broke resistance. The question now is, can we hold support? I am accumulating a short position within the rectangle "building a short position in this rectangle" and attempt to build a leverage position. ADA is currently pure hype and doesn't offer a helpful case as there are superior blockchains(no doubt Charles Hoskinson will pave the way to success, but it's too soon). The BB widens, which means we might continue higher, ranging between the middle and upper bands. There is also the possibility that the BB gap is overextended. Seeing the BB%B (blue highlight) time frame shows us when the BB has widened and corrected. Looking at the MACD, we can potentially identify wealth cycles. The blue highlighted areas suggest a change in trend where a bearish cross occurred. Also, the MACD shows a potential cross in the future. Lastly, we are placing bids in a plausible dead cat bounce zone for a long. I hope you all have a great morning. Please, leave a follow and a like, if you enjoy this analysis check out my other content. Best wishes, HONEYITSGONE! Now that the vital info is over with let me hit you with some facts. Firstly, who even buys ADA, I have been involved with crypto for a few years now, and I don't know anyone who purchases it. Secondly, did they find someone who wants to build on their network yet? lastly, how is the market cap larger than BNB?
Short
by HONEYITSGONE
10