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CARDANOADA

ADA Another Leg UP!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Structure Ada is in a bulling ascending triangle, and with this structure it typically breaks to the upside about 70% of the time. RSI We can see we are breaking out higher level of the rsi price, so this can have the price of cardano move upward. Price Discovery can create strong fomo, however please be careful we are getting a bit overextending so I would not use any leverage and I would be looking to take profit soon maybe around the 3.60 -3.80 mark!
BITFINEX:ADAUSDLong
by IWealthCommunity
3
ADA Renews Journey Above $3 While $3.5 Comes To Sight Cardano seems to be joining Ethereum in the altcoin-led weekly bull cycle. Cardano embraces price discovery above $3 while massively support between $2.81 and $2.8e, as the IOMAP reveals. Cardano is up nearly 9% and has reclaimed ground above $3. The token is the first among major cryptocurrencies to hit a new all-time high. ADA is on a path to hitting another milestone at $3.5, while investors believe that it is just a matter of time before it rises to $5. Cardano Once Again In Price Discovery Mode According to IntoTheBlock’s IOMAP on-chain metric, the newest smart contracts token is back in price discovery after testing support at $ in August. All the addresses that previously bought ADA are in profit. At the same time, Cardano has no defined resistance as it advances. Hence, a slight push above $3 will quickly bolster the token toward $3.5. On the downside, ADA sits on top of immense support areas, as observed by the on-chain metric. The region running from $2.81 to $2.84 is the most substantial buyer concentration zone, hosting around 94,300 addresses that scooped up 3.42 billion ADA. This support assures investors that ADA is well supported and the least resistance path is upward. In the meantime, Cardano is seeking support above $3 to enhance the bulls’ presence in the market. A real break above this area of interest will set ADA on a $3.5-bound journey. Notice the Relative Strength Index (RSI) gaining traction into the overbought territory. A break above 70 may trigger more buy orders as bulls tighten their grip around the price. The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook based on its position relative to the mean line. A sell signal that had come into the picture is in the process of being canceled. As soon as the 12-day EMA crosses above the 26-day EMA, the odds for another swing north will come into the picture. Besides $3, Cardano is kept in place by an ascending trend line since the beginning of August.
BINANCE:ADAUSDLong
by CoinGape
1
ADA CARDANO- 1,2,3 Ready for THREE 💙🔷🧿Let's go ADA, You always keep us waiting but then you deliver before we fall asleep (or when we almost fall asleep) “ Is ADA likely to hit $3.00? The answer to that question likely is just if Bitcoin stays above the 20-week , it lies with that answer. If Bitcoin is able to stay above the 20-week for just… a day or two, definitely the next few weeks it seems very likely that ADA is going to blast through the $3.00 milestone. I ultimately do see ADA trending much higher than $3.00 this market cycle but we do have to take it one milestone at a time… Remember, doesn’t even have to hang out at these levels for very long. As long as it just doesn’t go parabolic and as long as it doesn’t go back down below the 20-week moving average, there is a high probability that ADA will cross the $3 milestone relatively soon.” The analyst says that despite ADA’s parabolic run in recent weeks, it doesn’t necessarily need a pullback before continuing to rally. According to Cowen, $3.00 and $4.00 are still possible in the coming days or weeks even if Bitcoin and the rest of the crypto markets remain stagnant. However, he concedes that for Cardano to run any further than his two price targets, Bitcoin would likely have to give ADA a boost by reaching new highs. “Does it need to pull back now? Hell no, it doesn’t. $3.00, I think $3.00 is certainly possible as long as Bitcoin holds these levels. Even $4.00 is possible I think, as long as Bitcoin holds these levels. To go much further beyond that, I do believe that Bitcoin would need to probably put in all-time highs, but at this point, I think that a $3.00 ADA is possible, even a $4.00 ADA is possible at this rate, especially if our contention is that it can stay strong for the next two and half weeks.” Benjamin tends to agree. Let's go ADA the FXPROFESSOR
Long
by FX_Professor
9
🔷 ADA CARDANO - 3$ Still Far Nonmatter how Close!The 3$ mark has come close but has never been touched and the price seems to be consolidating below it (now at 2.85$) The Alonso upgrade is incoming and given that things go well Cardano should be able to reach and exceed to 3$ but we ought to be carefull if the price drops below the support area at 2,75$. Hopefully a correction to 2,5$ or below will not be necessary. Cardano remains one of the Top picks and we await to see if Bitcoin will help bring us to 3$ and above. All this while both Ether and Cardano continue to dominate inflows to institutional crypto investment products, while demand for BTC weakens. Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC). One Love, the FXPROFESSOR
Long
by FX_Professor
2
CARDANO - You Know what I am doing.. Correction and emphatic rebound today. ADA seems to be the best performing crypto asset and from tomorrow the Japanese will boost it higher (I hope). So,tomorrow is a HUGE day for ADA CARDANO, people from Japan will be able to buy $ADA on the stock exchange. Decentralization and security of #Cardano will be increased. On top of that, Smart contracts are being launched soon.. I saw a rather extreme article today.. Don't like it too much but here it is: Meet Cardano, the cryptocurrency coming for bitcoin’s crown : As the long-fought battle between bitcoin and ether rages on, newcomers are climbing up the ranks with underlying technology upgrades set to push them onto the main stage — if scammers don’t get to them first. Smaller tokens known as altcoins have been steadily rising in popularity this year, with one cryptocurrency quickly pulling ahead. Enter cardano, which started 2021 at $0.17 and has jumped 116% so far in August alone to reach $2.90. Also known by its ticker ADA, cardano is now the world’s third-largest cryptocurrency by market capitalisation, pushing older favourites tether and crypto exchange Binance’s BNB token out of its path earlier this month. It now stands at a total market cap of $93.5bn, according to 24 August data from CoinMarketCap, though it is still a long way from bitcoin’s $934.7bn. Its rise is largely attributed to the Alonzo hard fork, an upcoming upgrade to the token’s underlying Cardano blockchain network which could see it challenge rival protocol Ethereum for its ability to handle smart contracts. If completed smoothly, this would be a major boon for institutional usage. “If successful, will bring smart contract functionality by allowing the writing and deployment of smart contracts for the first time on the Cardano blockchain. This upgrade will be significant as it will enable developers to build projects on the network, helping Cardano to position itself as a real ‘competitor’ to the likes of Ethereum,” said Simon Peters, crypto market analyst at online brokerage eToro, last month. “The price of ADA climbed over the last quarter, suggesting investor optimism around the Alonzo hard fork and Cardano’s ability to challenge Ethereum long term.” Let's go to 5$ Cardano. You are ready, you can do it now. One Love, the FXPROFESSOR
Long
by FX_Professor
17