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Cardanoanalysis

Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada. Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021. Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though). Sell around January 30, 2022 if pricing follows the light-pink bars pattern. Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely. Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands. Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above). Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected). The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns. *This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.* related Cardano published idea linked below:
Long
by marcosdaunte
Cardano (ADA) Update 26/10/21: $4.40 Target🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4. 40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support. Our current targets for Cardano (ADA) from the current price level @ $2.18. 127.20% fibs @ $3.67 (67% Gain) 161.80% fibs @ $4. 40 (101% Gain) 261.80% fibs @ $6.51 (197% Gain) EOY/Q4 Target at the full fib extension 423.60% @ $9.92 (356% Gain from the current price level @ $2.18). Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :) Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :) Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
CARDANO ready?The next move is going to be violent. It has been in accumulation mode for the last 2 months. There is a confluence of resistance above the current level, Hence price suppression. BB are very narrow, which means volatility was very low, and the price is susceptible, which means high volatility is expected in the next directional breakout. It is one of the best entries, in my opinion, in the market right now. The Stop loss is at 1.71 (conservative), 1.8 aggressive. First target 6.7, second target 12.05, last target 20.06. Another way to play it super safe is to just wait for the breakout above 2.42 before entering.
BINANCE:ADAUSDLong
by CFcryptoTA
Cardano (Breakout)Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall. Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021). Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December). A general breakout following the green rounding bottom is expected.
Long
by marcosdaunte
Cardano Update 15/10/21: $4.40 Target 🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4.40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support. Our current targets for Cardano (ADA) from the current price level @ $2.16. 127.20% fibs @ $3.67 (69% Gain) 161.80% fibs @ $4.40 (104% Gain) 261.80% fibs @ $6.51 (201% Gain) EOY/Q4 Target at the full fib extention 423.60% @ $9.92 (360% Gain from the current price level @ $2.16). Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :) Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :) Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
15
ADA Explosive move coming soon!!?Cardano on its USD pair has been getting beat down a little bit but is definitely still showing strength and trading on the upper side of this descending triangle which is technically a bearish pattern but i would be surprised if this played out bearish. Looking at some very positive notes coming from the bollinger bands, first of all we have pushed up and above the midline on the bands which now acts as support, and we are getting pretty close to that top band with us wicking off of it earlier today, one big test we are currently facing is the 0.6 FIB level which we have failed to regain for quite some time, but mind you we were also facing resistance from the bollinger bands midline and now that we have that regained taking out the 0.6 FIB level could be much easier! Keep in mind we also face resistance coming from the top of this descending triangle but if we do grab onto that top band we could start flying! Last thing on the BB we notice that they are squeezing down hard on price action and almost everytime this happens we see an explosive move to either the upside or downside. Now lets take a look at the squeeze momentum indicator, this is where things are starting to look very fun, we are getting our first green bar on the histogram and our first black cross, this signals a bullish squeeze and we are looking for this to continue building up bull momentum along the way, we want to see bigger green bars each day showing us the momentum is there along with the black crosses, and then at some point we will start to receive grey crosses signaling the squeeze release which usually sends us on a very nice run to the upside, so definitely keep an eye our for those grey crosses and continued growth coming from our green bars! Now the ADX or average directional index, we are actually starting to turn a little further to the downside which isn't a huge deal for now but what we need to see and want to see if we keep seeing a decline is us catching that green support level slightly below us and get a nice bounce and reversal, this is something we should watch with a close eye. My thoughts are that we indeed will bounce off this support level and i feel we are only showing downside on the ADX due to us trading slightly downwards in this descending triangle, if we see a breakout to the upside that will definitely change the ADX and we will be in the midst of a reversal on this index! Not financial advice just my opinion!
KRAKEN:ADAUSDLong
by JacobR905
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder. This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending. Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin. Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum. Either Bitcoin crash, and all other crypto also crash due to the same environment system. In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system. That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano. Why? That answer is simple. Leader. Whoever once control the bitcoin, will control other coins. Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI. Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins. Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end. Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays. In my calculation of the century, Cardano once again will visit the key value of $1.550. Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding. What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder. Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene. We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance. The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings. We learn something that even a believer holder once a panic attacked will withdraw their funding. The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment. The success of Cardano is dependant. But Bitcoin is otherwise - undependable As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins. Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021. All the agenda will be revealed one by one. Zezu Zaza 2048
Short
by Zezu_Zaza
3
ADA updateMy previous analysis was expecting ADA to explode. However, it seems the big players played buy the rumour sell the news. I am now growing less confident in the imminent pump of ADA. To clarify, it is an excellent holding for the next four months. I am talking for short term trades for 2-3 weeks. Although there are few excellent bullish signs, such as the bullish engulfing below the support (highlighted), the major timeframe is heavily oversold (stoch rsi). I cannot stop heaving that feeling that one last drop is imminent. Bearish signs are many as well. With the short-term indicators getting overbought, the weekly stoch rsi formed a bearish cross on the overbought area, volume very low on the bullish engulfing and mainly a Head n Shoulder in the four h frame. Hence as a precautionary move, I will exit ADA on the next move to the 50VWMA (short term funds). I will re-enter if the diagonal dynamic resistance trendline is violated with an opening and close above it. Just bear in mind that my final target for ADA is 20 dollars in the next 4 - 5 months, so I am not touching my long-term holdings. Feel free to share your opinion
BINANCE:ADAUSDShort
by CFcryptoTA
2
ADAUSD We Have A Massive Bull FlagDisclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this. I just found something very interesting while looking at the daily chart of Cardano - A massive massive bull flag. This will take times to play as I am not here to swing or day trade my asset. A short-term TA of Cardano might not look great and I know many of us are being discouraged at the moment. Thus, I would like to put out this chart to give everyone a zoom-out picture of Cardano. Please note that since Alonzo hard fork happened on September 12th 2021, we have a total of 2,334 smart contracts being deployed on Cardano blockchain. Hodl on to your ADA, we have a very bright future ahead. Thank you and happy trading!
KRAKEN:ADAUSDLong
by ktrinh042
16