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CARDANOADA

Cardano (ADA) - 6h. Positive scenario - growth to $2.5-2.7A display of character is a good sign of strength. This is what has distinguished the ADA market over the past week. Having broken through the global consolidation upwards, the ADAUSDT price successfully survived all the turbulence of the cryptocurrency market, which was provoked by BTC. In addition, our previous idea worked: If before May 8, the ADA market confidently followed the rise in the price of BTC, then since May 9, the markets have parted ways. On the daily timeframe, we see that the Cardano (ADA) market experienced a fall in the price of BTC by more than 20% in consolidation above the broken range of $1.45-1.5. Given that the dominance of BTC continues to fall further and may soon be below 40% , the continuation of the independent movement of the ADA price is quite likely. For the final confirmation of the strength of buyers, we want to see a retest of the local range of $1.66-1.69 . This range is not quite noticeable as a powerful liquid zone: As you can see on the hourly timeframe , the ADA price calmly crossed it both up and down. However, it was this range that stopped the ADA price when it broke through the upper line of global consolidation. Confirmation by buyers of control over the range of $1.66-1.69 will be a bright signal for the continuation of the upward trend with the target of $2.5-2.7. An alternative scenario in the ADA market will come below $1.66-1.69. In this case, the white trend channel of growth, which buyers form from April 23rd, will become invalid. Then we will wait for the ADA price to buy in the range of $1.17-1.21. __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
48
ADA - Where to next?I've liked the long side for while but I am now scaling out. (ADAEUR - is a nice chart too!) Technical aspects: Pattern: Pennant/Wedge Key Support: 2.1979383 Key Resistance: 2.490554 A break to either key Support or resistance area showing further clarification. The first trendline up nearest price action at this current moment of time, a break below bears may gain control of this market short term. However, we could re-test $2 areas. All the best, TJ (Just a trade idea, not a recommendation)
COINBASE:ADAUSD
by Trade_Journal
ADA is moving +100% profits already ... still more 👌we posted before for ADA n we told that it will touch $1.50 area then it will go to the moon n that what happened exactly 👌 (link of the call is below this article in the related ideas section) who can believe that this amazing coin was just 10 cents on last October?! congrats to whom followed us ✌ n for now, ADA broke out recently the $1.80 area , so in that situation usually we have 2 scenarios:- 1- ADA will correct with the market n test the resistance broken as a support n it may hold or not. 2- ADA will continue going upwards n will postpone its correction for now, but for sure it will happen ! so that, I marked on the chart where exactly the price may bounce up or down n where is the perfect entry to get in ADA. in case ADA will correct $1.90 is where u should buy, it will be 20% down from its currently price. long term targets: ADA can reach 10$ or 12$ maximum in this bull run, cuz of the market cap. Whoever is predicting more than this during this bull run, he is just getting fomo.
by BTC-fire
8
Very Cheap CARDANO / ADA 3.05 $Bitcoin and Ethereum are falling, the island does not fall. Let's not neglect to collect Fruits that will appear as Peak to Us when Btc and Eth de fall. Get tp. Stop-loss = 1.96 $ There is a high chance of winning. But it is still affected by the rise and fall of bitcoin. When the time comes, no one can afford to pay $ 3 within 4 hours at most. The money entering Cardano is generally fixed inside, the market does not go below a minimum of $ 35 billion Their investors are solid, so they don't take the act of short selling. A coin is not short-selling, it always increases, albeit slowly. I suggest you read my old articles. I don't think it will go below $ 3 in the future, not investment advice. But be careful when buying for the first $ 3 visit. If he enters full bull, his first goal is $ 4, his next target goes up to $ 12-14. Do not forget to take Tp and set your Stop-loss.
Long
by TraderEtc
Cardano (ADA) - 2 entry point. Look where...The coin has secured itself over a large range. The resistance level of 1.96 was also formed. The best scenario rod ADA is slow squeezing to this level. If it happens, it will form a good breakout pattern. The trader's main mistake is to see one scenario and not be prepared for another. So if the price falls in the range zone - a good entry point would be 1.748. I showed entry points on the chart. I set alerts and wait for buying. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
13
CARDANO - Destination 2.2 Our updated ADA CARDANO chart. Price en route to 2.2! You had been informed. ps. With a power consumption of 0.5479 Kwh per transaction , ADA is placed at the third spot in terms of being least power-hungry by TRG Datacenters. Cardano claims to be the first blockchain platform built through peer-reviewed research and has the stated aim to bring about “positive global change.” It was founded by the entrepreneur-mathematician Charles Hoskinson, who also co-founded Ethereum. the FXPROFESSOR
Long
by FX_Professor
2
ADA - 12h. The main positions of buyers were given below $1For the second week in the cryptocurrency market , a local downward trend continues, provoked by the weakness of the BTCUSDT price. Despite the negative sentiment of investors, now is the perfect time to test the strength of various crypto projects. It is the strong projects that will give a new wave of growth in the medium term. Weak projects will, at best, remain in consolidation. Today we'll talk about one of the strongest cryptocurrency projects - Cardano (ADA) . In the previous idea , we expected the continuation of the ADA price movement in the consolidation in the form of a triangle: However, the charismatic ADA decided to expand its consolidation range to 50%. The sharp drop in the ADAUSD price on February 23 to the mark of $0.92 and the same sharp buy-back of the price tell us about two facts: 1) there were many buyers in the ADA market, who banally prevented the price from continuing to grow. 2) In the range of $0.93-1 there is an aggressive buyer who is ready to absorb large volumes and keep the price above this range. Another proof of these facts is the chart on a 3-minute timeframe: As you can see, when the lower trend line of the triangle was broken, a small number of buy stop orders were triggered. The main volumes and active purchases occurred precisely after the breakdown of the range of $0.96-0.98. In fact, the breakdown of the liquid range of $0.96-0.98 has selected the positions of all buyers who have been buying ADA since the end of February. Thus, the buyers did not fix their profit at the local highs in the range of $1.4-1.5 , but fixed it below $0.96. This situation increases the likelihood of breaking the current consolidation upwards and testing the global mark $2. The main condition for this scenario is the price fixing above the range of $1.15-1.18. Retention of this range will confirm that the new wave of growth is unfinished. The return of the ADA price to $1 will be a bad sign for buyers and means the likely continuation of the global correction in the ADA market. _____________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
35
ADA Breaks Upper Channel - Another Week Of SidewaysADA has finally broken the upper channel after 88 days in that channel. Every move seems to be followed by a period of sideways action of 7-14 days and I suspect we are in the beginning of one of those now although now we are above the channel and will be testing that trend line. The next week will give MACD and RSI time to get a little more 'Long Friendly'. The August Mainnet launch is so highly anticipated along with the expected 'run to $7-$10', ADA has been a waiting game. No one wants to miss the run but no one wants to jump in on a coin that is going to go sideways for another 88 days. Which means once the ball start rolling (uphill), it is going to roll fast and hard.
Long
by frischman
Cardano(ADAUSD) LONG $2.0A quick analysis on Cardano(ADAUSD) : 1) Cardano had a nice IMPULSE run-up from Dec 2020 to Feb 2021 going from $0.13 to $1.47 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C a nice 3-3-5 correction 4) The FLAT correction phase is also called the distribution phase 5) Hopefully the next impulse wave starts after the correction phase if the wave breaks out of the distribution phase shown with red line at 1.48 to go to $2 or $2.5 6) If it can't break resistance then it might make it's way down to the support and break down at around $1 Summary : ------------- 1) Looks like the bulls/buyers are taking control and hopefully break the resistance at $1.48 to reach the next level of $2 (or) $2.5 to reach ATH(all-time-high) 2) watch out for those blue lines to take positions accordingly Happy trading, feedback is always appreciated
BITFINEX:ADAUSDLong
by JAN360
1