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Cardanobtc

ADA still in consolidations with a possible breakoutADA still holding the bullish uptrend and it's continuing the consolidations process. What you should looking for, ADA needs to cross 1.1670 to continue upwards towards the $1.31, if we cross the $1.31 than ATH might be achieved again and continue from there to even higher level. If and this is a BIG IF we lose the $1.00 price level, than expect a downtrend with a support of $0.956 and $0.80. ADA still very bullish despite the pullback from the ATH twice, still moving on the daily chart within the ascending triangle witch is Bullish pattern.
KRAKEN:ADAUSDLong
by PatrickHob
10
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
$ADA - Outlook and live market update!Hello Traders, We are seeing some pretty good signs of how ADA should perform over the next coming weeks. Short term, I expect a consolidation/ accumulation phase (1-3 Days) Mid Term, consistent uptrend, and market cap growth. (2-4 weeks) Long term, a strong push to all-time highs and price discovery to finish the bull run. (est. June - Sept.) Charts below, 15-min: MFI in Buy Zone & RSI is trending up. 1-Hr: RSI & MFI in the oversold zone/ buy zone. 4-HR: 50/100 EMA wicked and bounced up(this has been a pretty consistent buy signal and reverse to the upside). Good luck!
Long
by MarkStPeter
The markets these days - What we trade apart from ADA CardanoHi guys, wishing you all a nice day and may the force be with you. A lot of you have mistaken me for a 'crypto trader' which I am not. Very simply I trade what I see is moving in a clear direction and this has been clearer on Bitcoin until last week, Alt coins like Cardano and tokens like Enjin and Coti, where our research paid huge dividends and our technical analysis guided us to nice entry points and partial take profit levels. For this week I am attempting a short on Oil which is going well now and I wish to keep it, see if the profit can grow, where at the same time I am still awaiting a further correction on my All Time Favorite asset to buy, the almighty Nasdaq. Thank you all for the nice words and comments. I appreciate it. One love, the FXPROFESSOR
Long
by FX_Professor
6
ADA: $275 BIL. MARKET CAP---HERE WE COME!Hello Traders, Alright, there been a total of three new exchange listing for ADA this week. We have a lot of reasons to be excited about Cardano and the path it's headed down. I don't personally think the stimulus bill will play that big of an effect on ADA, definitely not enough to lead us to the $275 Bil market cap but it can't hurt. No, I think we will see a huge push to the $8+ range once, it's officially added to some of these larger company portfolios and institutional investors. Greyscale seems to be the leader for institutional funds in the crypto world for adding Altcoins to their portfolio, unlike MicroStrategy. Over the next 6-12 months, I think it is highly possible that we see Cardanos market cap break above the $100 Bil. range and then a slower creep up to the $200 Bil. and so on. Technicals are showing an inverse Head and Shoulder Pattern and a cup and handle pattern on the monthly chart. Mix this with very strong fundamentals and we have a great recipe for short-mid term success. Good luck!
Long
by MarkStPeter
2
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