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Cardanoanalysis

ADA CURRENT CLEAN TEHCNICAL ANALYSIS !looking at ADA here on the 1hr chart we can see Cleary on the HTF that price has respected the larger ascending channel and is still within bullish nature, however price has recently broken to the downside impulsively coming from a descending pennant. price made a strong rejection form the outer trend line on the daily and now were have price currently forming a possible flat flag. importantly this flag is placed at a significant fib area. there is a high probability that price may form a double bottom within this flag as shown in my forecast and price will have to from a confirmation making the fib level a new point of support to confirm a new push to the upside from this level, there is another possible outcome where price can make a double top within the flag and make a further push to the downside and even break the outer trend line confirming a new bearish trend. thank you for reading please always analyse from the higher time frames down!! please like and give me a follow as I am trying to grow my analysis to bring more clean price action analysis every week !
by akillizkb
1
ADA - Double or NothingOur last set up on Cardano went rather smoothly. The next set up we're planning is far more exciting. ADA is breaking out of a rather large rising triangle formation, and I'm confident we will see $3 on our next rally. Planning for my next entry to either be at the retest of the current resistance and ATH, or at the re-test of the rising triangle (that is if price drops this low again which I'm doubting). The fact that ADA is about to boom is not up for debate, the only uncertainty and question we must answer is where to answer our trade. We've only just started to see big green bars on the Daily MACD - and if you look back in time at every other time we've seen this from ADA - the coin made some impressive moves
Long
by Kseniya_Kopyl
ADA, Cardano - going to ATH and higher🔝Price was in a range of more than 2 weeks. We broke the key level. And we stay in the retest zone now. I entered the position with stop-loss. First target - 1,48$ 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
11
ADA is on the verge of a 24% upswing Cardano price prints a bullish technical pattern on the 4-hour chart, hinting at an incoming breakout. The falling wedge pattern may elevate ADA to $1.35, jumpstarting the recovery to a record high of around $1.48. Cardano is among the few cryptocurrencies trading double-digit gains among the top 50. The market is dotted in green; however, price action remains lethargic. ADA is up 14% over the last 24 hours to trade at $1.11. For now, the least resistance path seems downwards but Cardano is trading within the confines of a bullish technical pattern, suggesting that an upswing is likely in the near-term. The aspiring smart contract token trades at the apex of a falling wedge pattern, suggesting that a reversal is in the offing. The bullish outlook forms when an asset's price drops with pivot highs and lows while converging at a single point referred to as the apex. A breakout is usually anticipated before the trend lines converge. The common breakout is mostly confirmed by a consolidation period, followed by a spike above the upper trend line and reinforced an increasing trading volume. As for Cardano, the 24% breakout is expected to come into the picture as soon the price steps above the wedge pattern and the hurdle presented by the 200 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart. It will be a real breakout if the 50 SMA's seller congestion area is pushed into the rearview. The expected upswing may fail to come into the picture if the Moving Average Convergence Divergence (MACD) continues to slope downwards. Currently, the MACD line (blue) is holding under the signal line, confirming the bears are still in control. Cardano intraday levels Spot rate: $1.1 Relative change: -0.006 Percentage change: -0.4% Trend: Short-term bearish bias Volatility: Low
BITTREX:ADAUSDLong
by CoinGape
5
Cardano bullishCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair. Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software. The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity. Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods. The live Cardano price today is $1,24 USD with a 24-hour trading volume of $9.543.999.443 USD. Cardano is down 4,65% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $39.587.339.055 USD. It has a circulating supply of 31.948.309.441 ADA coins and a max. supply of 45.000.000.000 ADA coins. Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain. Yesterday came the great news that we were all waiting for, to include cardano in Coinbase Pro.The price has risen from 1 dollar to 1.25 $ thanks to this news. I have drawn a visual graph with comments, to get an idea of ​​how the price is going to behave in my opinion, and how far it will go at least this year. Always where the price retests, it is the ideal area where you have to accumulate more tokens. If this graphic has helped you, I would appreciate a like / comment.
BINANCE:ADAUSDLong
by scam2nft
7
ADA - 6h. Buyers are preparing local growth to $ 1.24The active growth of the ADA price at the end of February predicted for many investors the continuation of a strong trend and a significant improvement in the condition of their deposits. It was the test of $0.99 on February 26 that gave buyers a good signal for a strong wave of growth. During the day, the price of ADA rose by 36% . However, buyers could not keep the important range of $1.15-1.19 for continued growth. As you can see in the chart, the struggle for this range lasted until March 13. The main problem in the ADAUSDT market is a significant decrease in buyer interest. This is clearly seen in the volume of trades. On March 5 and 13, buyers launched a counterattack and attempted to break through the range of $1.15-1.19 . However, looking at the volume, these counterattacks were doomed even before the start. Thus, the Sellers managed to lower the price to the mark where the last aggressive rise in the ADA price began. Now the price of ADA is in uncertainty. On the one hand, the range of $0.97-0.99 is still under the control of buyers. As the nature of the ADA price increase was much more aggressive than the current local downward trend, this can be seen as a correction before the new growth momentum. In this scenario, the first critical point will be $ 1.08. It is in this mark that the trend line of sellers now passes. In this case, we expect the ADA price to rise to 1.24 to begin with. Our global idea for ADA has much higher goals: An alternative scenario is to continue falling to the range $0.83-0.85 . The trend line of buyers is broken down. Also, below $0.97-0.99 there is no interest in this coin. Given the probability of deep correction of BTC The probability of continuing to increase the price of ADA at the moment is significantly higher than its alternative scenario. Therefore, we expect a firm fixation above 0.97-0.99 to buy this coin with less risk. ___________________________ 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
31
ADA: Targets On The FibGood day to all profit makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - ADA watchlist for both up and down movements - BTC will be a big deciding factor in the trend that will follow - Consult the chart for more information. - Note: - This is just my current idea. - I am not a financial advisor and this is not financial advice! - There is always a huge chance of different patterns taking shape in these ever-changing charts. - My views and charts can and most probably will change! - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
by dstvst