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Cardano

🔥ONE MORE PULLBACK TO PUMP CARDANO ABOVE HIGHS: THE 3 TARGETS!🔥Hi, friends! Cardano like most of altcoins follows the BTC. I expect one more BTC pullback, so ADA can go lower too. I think that Cardano will pump by +20% at least. 📊 TRADING PLAN FOR ADA: 1. pullback to $0.345-0.3 value area 2. volume growth confirms that the bottom reached 3. bullish BTC 🚩 One more scenario is a pullback below to the $0.32-0.33 value area. It's a deeper pullback that will take the most long traders sl out. ✅ THE MAIN TARGETS FOR ADA: 🔥 $0.42 - the key level and local high 🔥 $0.44 - the key level 🔥 $0.50 - the key level and even number Traders, what is your favorite altcoin to trade? Which altcoin should I pay attention to? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
1
Cardano (ADA): $0.40 still resistsThe price of ADA continues to be supported by the announcement of Cardano`s EVM company Milkomeda over the forthcoming network upgrade, which will allow all users of Cardano network to access smart contracts on Ethereum VM through ADA wallets. The resistance line at $0.40 remains supported, but the coin did not manage to break this level for the last two weeks. The price of ADA was moving in a short range during the previous week, between levels of $0.37 and $0.40. RSI is moving above level of 50 during the last two weeks, with its highest level at 61. At this moment, the market is still not ready to clearly choose the trading side. Moving average of 50 days started to diverge modestly from the MA200 counterpart, at least providing some indication that the actual Golden cross did occur some time ago. Daily trading volumes are generally decreased on the crypto market due to market exhaustion on one side and Easter holiday, on the other. During the week ahead, it should not be expected to see some significant moves in the price of ADA. It might continue its current slow motion between $0.40 resistance and level of $0.37, with lower probability for testing of $0.35 support line.
COINBASE:ADAUSD
by XBTFX
Cardano (ADA) in Bearish Territory: Will it Bounce Back?Let's talk about Cardano (ADA), the cryptocurrency that's been making headlines recently. So, ADA is currently trading at $0.3797, which is a drop from its recent highs. Looking at the 4-hour timeframe, we can see that ADA has an RSI of 41, which means it's in the oversold territory. If we take a look at the Fibonacci retracement levels for the 4-hour timeframe, we can see that ADA is currently trading below the 0.5 level of 0.3879, which could mean that the price is likely to continue its downward momentum. The Bollinger Bands are also indicating a possible downward trend, with the current price of ADA trading below the middle band of 0.3912. But, don't lose hope just yet! The oversold readings on both the RSI and Stochastic Oscillator, which is currently at 17.72, suggesting that ADA could potentially rebound in the near future. Plus, the Volume Oscillator is indicating an increase in trading volume, which is always a good sign. However, the MACD is only at 0.0003, which is a relatively small value, so there might not be a lot of momentum behind the price movement. Overall, it's important to keep an eye on the price action and various indicators to make informed trading decisions. So, to sum it up, ADA is currently in a bearish trend, with the price trading below key support levels. But, the oversold readings and increase in trading volume could potentially lead to a correction or rebound in the near future. Keep an eye out for further developments and make sure to consider all the indicators before making any moves.
by MonoCoinSignal
5
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
COINBASE:ADAUSDLong
by haroonsiddiki
ADAUSDT Price AnalysisPrice of Cardano has moved by more than 50% since Jan 2023. $0.4234 is currently acting as resistance. If price rejects this level we might see it moving down to its support level of $0.3293. On a daily timeframe, we see price is above 21 & 50 EMA and RSI > 50 which shows bullish momentum in the price. If the bullish momentum continues and price breaks above $0.4234 level, we might see price moving to its next resistance level of $0.5237. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
Long
by teakfinance
My price for ADA in April: 0.526My price for ADA in April: 0.526 The ADA is still at 5, and its next resistance is at 0.4106, now with the week's volatility due to the payroll, it could go to its support at 0.3799, which is the median of the Bollinger bands. Prognosis is good, as a very important news and which may increase interest in ADA is that EVM (Ethereum Virtual Machine) will be added to Cardano and it will become the largest EVM chain with fully operational staking rewards. Using Solidity's programming language, no new toolkit is required for Ethereum application developers to build on the Cardano blockchain. This is a positive element of development that can only increase interest in Cardano coins. SUPPORTS AND RESISTANCES IN 1H: Brackets: 0.3879 / 0.3788 Resistances: 0.4025 / 0.4100 RSI: Exhaustion of Buyer Forces
by ferulianov
Cardano (ADA) on a Hot StreakCardano (ADA) is on a bit of a hot streak lately, with the price currently sitting at $0.3970, a gain of 3.70% in the past 24 hours. The asset's Relative Strength Index (RSI) is also showing that it's in overbought territory, at a level of 61. Looking at some other indicators, the Fibonacci retracement levels on the 4-hour timeframe are worth keeping an eye on. The 0.5 Fibonacci level is at 0.3729, while the 1 Fibonacci level is at 0.3366. These levels could provide some support if the price dips lower. Meanwhile, the Bollinger Bands are showing that the asset is currently trading within a sideways range. The upper band is at 0.4064, the lower band is at 0.3747, and the middle band is at 0.3905. This means that the price could potentially break out in either direction soon. Volume is showing moderate trading activity, with the volume oscillator currently at 20%. The Moving Average Convergence Divergence (MACD) indicator is bullish, at a level of 0.0026. And the Stochastic oscillator is indicating that the asset is in overbought territory, at a level of 79. Taking a step back and looking at the bigger picture, recent news reports have stated that the Cardano project has seen a 70% increase in Q1 of 2023, according to the project's founder. This news could potentially impact the asset's future price movements. Overall, it seems like Cardano is currently in a bullish trend, but there are a few potential areas of caution to keep in mind. With the RSI and Stochastic oscillator both indicating overbought conditions, there could be a price correction in the near future. And while the Bollinger Bands suggest a potential breakout soon, it's hard to say which direction the asset will head. The recent positive news about the project's growth, however, could have a positive impact on the asset's long-term prospects.
by MonoCoinSignal
3
Cardano: searching path to $0.40Cardano is a network with so much potential and so little market support. But its struggle to sustain its market position is certainly something for respect. During the previous week, the price of ADA was supported by the announcement of Cardano`s EVM company Milkomeda of forthcoming network`s upgrade, by which, all users of the Cardano network will be able to access smart contracts on Ethereum virtual Machine, through ADA wallets. This is a significant improvement, which pushed the price of ADA again toward the $0.40 resistance line, from $0.35 support line. However, there has not been enough buying orders to push the price above the resistance level, so the price of ADA is finishing the week with prevailing selling orders around $0.39 level. RSI continues to move above level of 50, which means that the market is still eyeing the overbought side. This might support the price of ADA further. Moving averages of 50 and 200 days are still in the gray zone, without a clear sign whether the Golden cross is coming or not. The positive sentiment around ADA and the upgrade of Cardano's network still holds. This is positive for the coin, regardless of the negative impact on the price coming from generally higher market uncertainty. As per current charts, it might be expected for the price of the coin to revert a bit to the downside, at least to the level of $0.35 support line. On the opposite side, there is equal probability for $0.40 resistance to be tested for one more time.
COINBASE:ADAUSD
by XBTFX
SHOULD I INVEST IN CARDANO 2023?The answer in short = Yes! On December 2021. It happened. ADA up-trended from $0.1263 to $2.47 in just 20 weeks. There was bag holders (Strong Resistance), they decided to sell their primary bags in just 1 week. ADA dumped to $1.010 on 17 May 2021 and again to $1 on 21 Jun 2021. ADA investors filled their bags at $1.02 on 19 July 2021 to get ready for the last pump trip at $3.1010 in just 7 weeks, then bleeding or as it calls (Panic Sellers). ADA down-trended slowly to $0.4019 in 36 weeks, there wasn't strong support at $1.3 or $0.8 levels. What can you do as mid-term and long-term investor? As long as ADA below $0.8, you can fill your bag at this level and living with a peaceful mind. As pro trader, you are free to handle and get some profit from now to $0.8 at your own risk. According to weekly chart: If ADA does cross up $0.8 level, we will see $1.18 and $1.27 levels again. If ADA doesn't break up $0.8 level in next weeks, we will see $0.22 level. DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
by b4sk