Cardano in a Falling wedge.The price of Cardano seems to be printing a falling wedge pattern, which has bias to break to the upside.
Support is located at $2.30, very close to current price where I decided to buy some after seeing this pattern occur.
The price continues to find support on daily 50 EMA, which gives me confidence that the daily uptrend will continue and find support the same way as Bitcoin did on the bespoke 50 EMA.
My target will be at $3.00.
CARDANOADA
ADA Buy the dip.Cardano - Intraday - We look to Buy at 2.311 (stop at 2.249)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
Pivot support is at 2.300.
The trend of higher lows is located at 2.310.
Our profit targets will be 2.496 and 2.566
Resistance: 2.450 / 2.500 / 2.600
Support: 2.300 / 2.250 / 2.200
Cardano Upward BreakoutThe crypto is in an upward triangle, which turns the red market into the green.
Cardano has a strong resistance of 3.4, ie a $ 1 from the previous all-time-high '2.4' before the crash.
I hold Cardano myself and I stay long in the crypto as it is powerful and intense like the leading crypto on the market.
😞🎼 ADA CARDANO - Love Requires Patience ⏱️❤️🩹Come on ADA,
You keep postponing, you keep snoozing, then you become active when we are almost asleep, bored and discouraged.
Kind of reminds me of this song: Wake me up when September ends 😞🎼
News/ update:
Cardano’s Alonzo upgrade has seen more than 100 ‘smart contracts’ processed in the first 24 hours.
The third largest blockchain platform in the world, Cardano’s successful update gives it smart contract functionality, providing developers with the ability to create apps that can utilize the advanced capabilities of its blockchain.
The Alonzo upgrade marks the first stage in creator Charles Hoskinson’s plans to advance a fairer global financial system at a reduced monetary and environmental cost. Within 24 hours, the platform has already seen more than 100 smart contracts run on the network, with its first decentralized application also already deployed.
Blockchain is set to play a pivotal role in the future of applications. In fact 61% of software developers say blockchain is a ‘game changer’. By building decentralized apps – or ‘dApps’ – on the blockchain, developers minimize the security compromises of traditional apps, which live on a central server, instead utilizing the security of a global network of thousands of computers.
However, creating apps on the blockchain has, until now, been inaccessible for many developers, who are faced with high and unpredictable costs, as well as energy inefficiencies.
As a result, implementing blockchain for smaller enterprises has often not been a truly viable option without having to compromise on sustainability goals or business costs.
Energy efficient
Cardano claims to solve many of these issues. Its blockchain uses an innovative mechanism for verifying transactions, meaning the whole network is significantly more energy efficient than Bitcoin. Its ability to accurately predict transaction costs also provides price stability, allowing developers to build applications without risking lost transactions or unexpectedly high costs.
This year has been pivotal for IOHK, the engineering company behind Cardano. In April, it announced the world’s largest blockchain deployment. Five million teachers and students in Ethiopia were provided with instantly verifiable IDs, facilitating better lesson planning, monitoring of student progress, and allowing the government to be better sighted of future workforce planning needs and gaps. For students, it also allowed them to share verifiable qualification details with employers.
So come on ADA,
Just Fly to 4$ now
the FXPROFESSOR
$ADA.XAbout Cardano
Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.
How it works
Cardano’s goal is to be the most environmentally sustainable blockchain platform. It uses a unique proof-of-stake consensus mechanism called Ouroboros, as opposed to the energy-intensive proof-of-work system currently used by Bitcoin.
The Cardano blockchain is also divided into two separate layers: the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). The CSL contains the ledger of accounts and balances (and is where the transactions are validated by the Ouroboros consensus mechanism). The CCL layer is where all the computations for apps running on the blockchain are executed — via the operations of smart contracts.
Keep in mind
The idea of splitting the blockchain into two layers is to help the Cardano network process as many as a million transactions a second.
Released: September 2017
Right now solana is in the exact same position that cardano wasSOL will be trading between 100 and 200 region and i think we're gonna be up above 150 consistently for the next six months and we're going to more than likely not see 1 000$
But we might see it push 2 or 300
in general it's going to trade sideways a little bit as its fundamentals start coming to the crypto community similar to how we saw with cardano
Right now solana is in the exact same position that cardano was
Cardano is far too flexibleCardano is far too flexible.
The crypto increases over a longer period, and decreases gradually uncontrollably in short variations.
I have initiated this analysis in order to give you an understanding and a perspective on when Cardano's possible gradual increases can take place. Cardano also has a short-range slider of 3.2 when the crypto once rises.
ADA exit plan Hello everyone, before today ends I wanted to let you know about the hypothetical pull back that ADA may go through.
I had the opportunity to update our trading steps and add one more in order to make money a little bit safer.
This is NOT a financial advise video. This is my idea about ADA's current status.
Cardano(ADA) Price Prediction Until The End Of 2021Hello crypto investors,
This is my first ever price prediction here on TradingView. I hope you will like my Cardano($ADA) price prediction.
Since the last bottom, 96 days ago, Cardano increased its marked cap twice. I believe this is due to much viral news(mainly rumors) about Cardano's smart contracts. Imagine what will happen when they actually introduce the smart contracts in the system.
There may be a small % of people(newly crypto investors) that will sell because of the 2x. Hence I expect a price drop to around $2.50 this month. At $2.65 and below I will start adding more $ADA to my portfolio.
As usual, there will be a quick jump to ~$ 3.40 and then followed by a small drop in the price to ~$3.00.
In late October or early November, I expect $ADA to start a new bull rally. Until the end of the year, the price should reach ATH around $4.00. Maybe we will test the $4.20 zone but nothing more.
What are your predictions about $ADA until the end of the year? Let me know in the comments.
Cardano(ADA) will be priced at 10$ in the next month(October)!Hi dear traders, First please Like this post and share this analysis with your friends to support me.
Cardano(ADA) is moving in a huge ascending channel in bigger time frames.
Cardano is now involved in the channel midline, just like in the past and as you can see after passing this midline We have witnessed a very good climb.
I expected from Cardano a correction up to 2.23$ - 2$ and it happened, For now and in my idea according to Technical analysis and market Anomaly I expect to see Cardano at 10$ for next 30 or 40 days from now.
Cardano Uptrend or downtrend (Long)Cardano reaches new heights in a short time.
There are 2 types of progress, negative, positive. The positive approach can lead to a new price rate, whereas a negative approach provokes a fall in the price value.
I hold a long position in Cardano, given that Cardano may be unstable, whereas the crypto is credible and organized, it carries qualities in its ecosystem, with a sharpened market value of 45 billion.
ADAUSD - ELLIOT WAVE ANALYSISFlat Pattern
- We are seeing a Flat Pattern with a Strong Wave B and a very likely a Wave C Failure. This pattern is a very strong correction pattern that could leads to a very aggressive upthrust after the end of this corretion.
- Wave C is making a 5x Terminal Pattern - suggesting that price will at least make a new high.
ADA explosion comingIf you are not in this baby...madness. In few days cardano is going to explode and reach 4.1 at least. it has succesfully break out the ATH and has held amazingly well above it. Now the 50 VWMA is approaching the prize to create support and also extreme volatility. ADA also painted a pennant which is slowly reaching an end. The target was taken by measuring the pole of the pennant and also depth of the cup. also the last time the stoch rsi on the daily was this oversold was at the bottom of this last correction. The BB bands are narrowing, squeezing the price forecasting high volatility in the short term. The volume increased on the ATH break out to then dry up while creating the pattern, this suggest a profit taking for the last 2 weeks. Now ADA is ready to push. Be ready guys is gonna be a fun ride.
This is a follow up from the previous post on ADA.
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