CARDANO analysis (🔴-50% or 🟢1500%)Cardano has broken its historic high and is the third largest digital currency with market cap of 80 billion dollars.
Chart and news about this currency show that ADA is good to buy.
Analyzing and defining a target for a chart that has only one main high and low is not easy at all.
But I think the major prices are $37 , $45 and $60 , and October 18 or December 20-27 could also be important dates for this chart.
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Cardanobtc
CARDANO - Ready for another Flight? Our chart indicated that the market remains bullish and it has momentum to go higher even now that Bitcoin has been rejected before the 50k.
As you can see on our chart, the price has exited the descending wedge from North, has now checked the wedge as support and according to FXPROFESSOR's book this is now a signal to Buy again and to Buy more.
📡HOUSTON - CARDAaaaaaano 🛸🛰️Lift off is happening. You had been worn. Next resistance at 2,44 can be smashed if BTC helps and keeps resisting and rising.
There is no secret ADA, I love you.
News:
Bitcoin and Ethereum Struggle While Cardano Rallies Above USD 2.
Bitcoin price started a downside correction below the USD 45,500 support. BTC even broke the USD 45,000 level and extended its decline. It is currently (04:00 UTC) trading well below USD 45,000, and it could extend losses below USD 44,000.
Crypto analyst and influencer Elliot Wainman is shining a spotlight on a handful of altcoins that he believes are ready to erupt in the coming weeks as the entire crypto market continues to rebound and Bitcoin floats within the $47,000 range.
In a new strategy session, Wainman tells his 347,000 YouTube subscribers that Ethereum (ETH) will likely continue to rally, as it hasn’t come close to the previous high it had reached before the May crash.
Wainman notes that as Ethereum gets closer to achieving a proof-of-stake consensus mechanism and as it continues to implement its EIP-1559 upgrade, the asset will undergo a massive supply shock.
Let's Go , ADA!
the FXPROFESSOR
🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite.
As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise.
The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month
Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality.
Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative.
When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off.
Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork
Oh! and some news about Binance: cointelegraph.com
One Love,
the FXPROFESSOR
TOMOUSDT 1D TF (Update)As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Cardano's turn? ADAUSDT Aug 7Cardano's price is moving between two levels for too long, One of this levels gonna break soon or later
I expect it to breaks $1.5 resistance and If it does then it gonna move higher levels so fast .
Also there is a pattern, After the neckline broke then the target will be $1.85
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 1.501 (stop at 1.468)
Daily signals are mildly bullish.
Pivot resistance is at 1.500.
A break of bespoke resistance at 1.500, and the move higher is already underway.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 1.598 and 1.638
Resistance: 1.500 / 1.550 / 1.600
Support: 1.450 / 1.400 / 1.350
Cardano range-bound breakout.In this analysis I have a neutral perspective, for the 2 breakouts, however, I hold a 'long' position.
Cardano is in a sideways state, it breaks out highly likely, in a short time, while continuing a rotation or an extension - for whatever "breakout, breakdown" it performs.
Cardano 'Bullish' overview I have post-rationalized an excellent non-profit plan, which deals with a worsening of the declining cryptoscale, which we certainly appreciate.
The analysis shows cardano in direct decline and in rapid rise.
Basically, the analysis results in a profound negative graph, which quickly rotates to an upward and convenient crypto.
ADA ready for a BreakoutBreaking away from the previous wedge we may see a pullback retest, do a Touch & Go off of the resistance then test out $1.70+ resistance. From there we'll see a slight pullback before continuing on a nice Bull run.
If we do fall below this resistance we may see a Consolidation Phase moving through the weekend into the weekend.
With Smart Contracts coming up, I believe the market is fixing to get very Bullish.
ADAUSDT holding strong support level. Might see an uptrend soon.ADA is trading at $1.3 right now and trying to move towards the immediate resistance of $1.45, which if broken is a good place to buy and hold some of it. For margin or future traders, it might as well be a good place to open your long positions with a tight SL of 3 to 5 percent.
If we see closely, the price is holding the support level at around $1.04 which is acting as a strong support level for a long time for ADA. The price tried to break this support level multiple times but was unable to do so. However, if this support breaks it might see a further downward price movement to $0.4
We can also see that if it trades between the strong support and immediate resistance level, this zone might act as an accumulation zone for an uptrend.
EMA9 has crossed up EMA26 and if we see some good volume in a few days, it might move towards the immediate resistance level to break it and move upwards. On the other hand, if the volume drops even further and the sellers keep on selling, it might visit the strong support level once again.
Do let us know what do you think about this analysis in the comment box below.
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