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Cardanoanalysis

Cardano(ADA) latest update1 Key Highlights * Following uptrend channel since December' 2018 and moved 100%+ against BTC(satoshi) pair. * Trading above 200D-SMAs and Ichimoku cloud on Daily time frame. * Bearish(sell signal) signs indicate slight correction ahead to levels defined on the chart below. * Correction downward can provide an opportunity to buy the asset for the long-term hold. * Pair has moved 60 percent up since last post Cardano coin has been a runner since December'18 and is in strong bull trend while moving 100%+ against Bitcoin(Satoshi) at the time of writing but will the coin rise more? Few of the catalyst supporting the uptrend: * Ledger Nano S wallet support to cardano(ADA) coin. * Binance adding ADA trading pairs. * Shelly release on Test-net and Mainet during second quarter(Q2). If we look at the cardano coin forecast analysis today then we might see a slight correction downward in the coming days which might provide an opportunity for late buyers to enter the asset for a long-term hold. Let's look at cardamon coin technical analysis 2019 on its Daily-time frame chart. * Risk taker buyers can look for preliminary support area around 0.00001470 satoshi to enter the asset for mid-term hold. * If this preliminary support level doesn't hold then one can look for potential resistance turned support(S/R Flip) area around 0.00001337-0.00001376 satoshi to set their bids for a safer entry. * Sellers can look for areas at resistances(sell zones) around 0.00001920-0.00002000 satoshi (short term) and 0.00002243-0.00002406 satoshi and 0.00002701-0.00002778 satoshi (long-term). * Breaking down below the last support area around 0.00001102-0.00001112 satoshi would be strong bearish(sell signal) for the asset. Further cardano coin price analysis suggests that it has crossed the 200D- SMA (simple moving average) on Daily with bullish cross-over of 10 and 20 EMA (exponential moving average) on weekly. These are quite healthy signs for the bulls. MACD and Stoch-RSI indicator on Daily time frame showing signs of weakness leading to a healthy correction in the coming days but that doesn't make the pair strongly bearish. 3 Conclusion All-Time Cardano coin has been the top rising cryptocurrencies and its price seems to be in a bullish trend in the long-term with future looks bright because of the upcoming catalyst of launch of Shelly protocol on Test-net and Main-net during Q2'2019.
Long
by coinswitch-trading
Cardano Analysis: Bullish Breakout on Daily timeframeConclusion for today's Cardano Analysis: A breakout above 0.00001336 confirms higher prices in ADABTC Price action from June 5, 2018 to current date is covered in today’s Cardano analysis on the Daily timeframe. The downtrend in Cardano from June 2018 is highlighted with the descending or falling wedge chart pattern. This is immediately followed by a side trend that has lasted over 6 months starting from September 20, 2018. The sideways action is a bottoming chart pattern that is identified in this Cardano analysis as an inverted, complex head and shoulders pattern. This pattern is otherwise known as a complex head and shoulders bottom due to the fact that more than one right shoulder is observed in this case. 0.00000839 is used as the point of invalidation (POI) of the pattern at which point the current downtrend would be assumed to have resumed. 0.00001336 is the neckline of the pattern. A logarithmic scale is used in this analysis and it is important to switch back to an arithmetic scale for measuring implications based on the chart pattern i.e. projection. This involves measuring the distance from the neckline to the head (H) at ~0.00000839 to the neckline and adding that distance to the neckline upon breakout. Confirmation and bullish swing to follow should last for at least weeks.
Long
by Coin_Analyst
2
Cardano Technical Analysis: Bullish Reversal Pattern Conclusion of today’s Cardano Technical Analysis: Price closing above 0.00001336 confirms the formation of a bottom reversal pattern, and therefore implies more upside momentum for Cardano. Cardano analysis is carried out using a logarithmic scale, covering over 6 months of price action i.e. (July 15, 2018 to current date). Major attention is paid to the bottoming price action starting from September 23, 2018 to date as highlighted on the chart using a red curve. Current proposal is for the formation of an inverted head and shoulders pattern (or head and shoulders bottom) which is ideally bullish. The point of invalidation (POI) of the pattern is price closing below 0.00000839. It is also important to keep in mind that the aforementioned reversal pattern is not yet confirmed and would require Cardano to close above the neckline (0.00001336).
by Coin_Analyst
Something about CardanoOn Sunday Cardano did not bring us any good news. It fell bellow the $0.029270. It was trading at 0.029270 by 06:31 (11:31 GMT) on the Investing.com Index, down 4.28% on the day. Unfortunately, it was the largest one-day percentage loss since December 1. Therefore, this move downwards pushed Cardano's market cap down to $758.94302M, or 0.73% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B. During the last week Cardano lost 5,15% in value. It has traded in a range of $0.0277 to $0.0318 in the past 7 days. As we do not have any positive announcement about Cardano or any developements were released, and in my opinion it will be traded in a range of $0.028054 to $0.029414 in the upcoming twenty-four hours. At its current price, Cardano is still down 97.83% from its all-time high of $1.35 set on January 4.
BITTREX:ADAUSDShort
by UnknownUnicorn3807684
ADA - Resistance wins for now! Cardano tried to continue its run higher but got rejected once more at the supply zone above and came straight down to support dipping inside the demand zone. We have continued to make lower highs past few days and a break of this demand area could lead us back down to retest the breakout zone again around 1160. MACD still remains flat as we await some type of volatility to reappear and RSI failed to reach resistance and looks to be heading lower as we continued to cool off from that crazy run. Again, just like most altcoins, we are waiting to see if Bitcoin can continue its move higher here taking the market with it or will it dump canceling out all the progress we made all of last week. Thanks guys!
by CM_Trades
ADA - Time for a pullback before move higher!!ADA has bounced nicely off the bottom of the channel, which was as the demand area around 1220 and we could now see a pullback to the 61.8%FIB level or to the lower end of the channel again. RSI is nearing resistance but still has some room to move up and MACD has turned bullish so a small pullback is probably what is needed to propel this higher on the next move. Cardano is finding resistance hear forming a tweezer top so far and it would be better to enter at a lower price to increase R:R. Stops set below SFP on the last move below the support zone. Thanks guys!
Long
by CM_Trades
ADA - Looking strong for more UPSIDE! Cardano has bounced nicely yet again from its demand zone around 1220 and is currently facing resistance around its 61.8%FIB level. If it could get above here and close on the 4H, we could see another go at the highs and possibly even break them with the assistance of Bitcoin. Volume does seem to be on the low side but a breakout from here could bring some of it back. MACD histo is about to go positive and the signal lines and very close to crossing above the median line. RSI is on the move up and still has some room before hitting resistance so this could still have some juice. Waiting for a pullback to the support level could be the safer play here unless BTC decides to rip higher taking the rest of the market with it. Thanks guys!
by CM_Trades
ADA - Time for a pullback but still looking good! Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could possibly see a test of the liquidity above before resuming lower to the next demand area and possibly the 50%FIB. This does have the look of an ascending wedge that has already broken and is in the process of retesting before continuing its mover lower so keep that in mind. Both RSI and MACD are showing bearish signs, RSI with a lower high and MACD crossing over bearish further indicating a pullback is likely. As such, area marked as demand zones should provide support for Cardano and could be used as areas to scale in long positions while keeping a close eye on Bitcoin. The severity of any BTC pullback will most likely dictate how long ADA goes so don't be too quick to jump into positions at the first sight of a support touch. As always, stay safe everyone! Thanks guys!
by CM_Trades
ADA - EXTREME gains!!! All 3 targets hit and more!!!!ADA has been on a tear over the past 24H hitting all 3 of our profit targets in quick succession! We have finally reached the 786%FIB level with overhead supply zone potentially cause a pause in this crazy rally. Both RSI and MACD are getting overextended but then again, FOMO is a powerful thing and don't want to go against it. Unless BTC takes a dump here, any sideways or more upward movement could propel ADA and other alts to continued higher prices. Keep everyone posted in a few hours on this play but great trade overall!!!!! Thanks guys
by CM_Trades
2
Cardano(ADABTC) to continue selling off?Previous post for Cardano (ADABTC) based on its 4hr timeframe made mention of the bullish channel in Cardano (ADABTC) that captured the meandering price action from July 2, 2018. The 1 hour timeframe of Cardano (ADABTC) is shown in this analysis as opposed to the 4hr in the previous analysis in order to get a better view of price action and the channel. The horizontal dotted blue lines with price at ~0.00002181 marks the point at which Cardano (ADABTC) closed below the lower line of the bullish channel. A breakout below the lower line of the bullish channel does imply further bearish action that should see Cardano continue to sell off. A quick and approximate estimate extent of the sell off can be derived by using the width of the channel and subtracting it from the breakout point at ~0.00002181.
Short
by Coin_Analyst
[ADABTC +5%] Cardano Spectro™ M Bullish Reversal WarningThis is a signal using Spectro™ M First be careful, this is the 2nd bounce from a 1st failed reversal attempt, this is a trade I like because the first wave got leveled and now we might see a double bottom giving us a solid and safer entry point. This is a strong reversal signal since we have every single indicator in Spectro pointing towards the reversal. The blue background is the trend analyzer telling you that we are entering a reversal zone. The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target. As you can see from past trades the clouds can be very precise prediction future price. The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal. The Warning is also turned on, which means a possible direction change. So pretty much we have all signals that come before the confirmation. We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing. From where we are now to the target we can see a 5% profit, if the small correction goes all the way to the bottom of the double bottom, we can fetch a 7.5% profit. Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
Long
by spectertrading
4
Cardano (ADABTC) analysis: Daily tfThe purpose of this post is to have a quick look at the trendline for Cardano (ADABTC). Trendlines are the most important type of chart pattern. The trendline for Cardano (ADABTC) as drawn here on the Daily tf (red color) was breached slightly on May 28, 2018. Price action recovered right after and is currently attempting to continue its bullish momentum. A break back below the long term trendline could see Cardano sell off to about ~ 0.00000605. Point of entry (POE) for a bullish trade is placed here at ~0.00003023 which is considered a safe point of entry than trying to pick a price bottom which can be very challenging. More information on Cardano (ADABTC) is present on my website
by Coin_Analyst
Clear Channel Down on 4HCardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start placing long orders strategically between 0.12 and 0.14. Note: there is an extreme scenario for a Higher High on the cross of the 0.256983 Resistance with the Resisting trendline drawn from the 0.389197 Top.
BINANCE:ADAUSDShort
by InvestingScope