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Cardanobtc

CARDANO rejected at the trend lineAs analyzed and predicted on June 15, Cardano came back to re-test the trend line from the downside. The coin broke the trend line support on May 28 and then pushed higher to re-test the trend line that now acts as resistance - previous support. Since touching the trend line at 0.0000267, Cardano rotated back lower without making any significant correction. The coin only briefly stopped at 0.0000220, as explained in the analysis from June 15, moved lower towards 0.0000200, reacted from that level and returned to re-test the 0.0000220 previous support, now resistance. However, since we are in the downtrend, the coin continued back lower and now testing again the 0.0000200 level. If the break occurs, watch out for the quick move to the big support level - 0.0000166. At this stage, we advise to stay patient and wait for the potential test of 0.0000166 before conditions are staged for the more significant retracement.
by WhaleAgents
$ADA #CARDANO - DOWNTREND - finally ending NOW???Hello Lads and Ladies, For todays TA we are looking into ADABTC once again. As you may know, I am trading it for quite a long time, because it has a nice predictable volatility. We have seen a very big breakout going up to 4185 satoshi after which ADABTC has been in a very hard and steady downtrend. It has found its bottom as I have been saying at 2400 satoshi. From there on it has broke the steep downtrend and went up almost over 30% to its previous support and resistance line at 3000 satoshi. From there on it continued a downtrend to its intermediate support at 2650, from where on it was supposed to be heading towards the big resistance line and maybe even break the trend by doing so. Nevertheless, the whole market was taking a big hit during that time what caused ADABTC to fall down to its previous support of 2400 satoshi. The market pushed it even under the very strong support of 2400 so directly afterwards it bounced up to the 2650 support line, it was supposed stay at before. Nevertheless, by touching this support and ALSO the downtrend resistance, as well as not having enough momentum and volume to continue pushing through the downtrend resistance, it got rejected there and fell down to the 2400 satoshi support. Doing this, it seems to be forming a double bottom and since it is very near to the end of the downtrend resistance it should have it very easy to break it and to at least spike to the region of 2650 -2800 satoshi. ANYHOW, you should never forget that there still is the possibility of ADABTC getting rejected again and continuing its downtrend towards thee next support of 2200 satoshi. That is the reason why I have put only 5x leverage long on ADA while writing this article. Although, if you take the lows into consideration, we see higher getting lows and lower getting highs. This all coming together at this one point right now. If everything goes well, we should see a nice spike. In addition to that, there are once again good news about Cardano, even people asking about it hitting $10 by the end of this year. I am pretty bullish on this one and as I remember trading ADABTC this is a very exciting point. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
2
Cardano(ADA) Long PlayEven though cardano is still at a large valuation , it is imperative to know that its at the forefront of innovation in the blockchain technology. I'm no coder but i see regular and good community interactions on Github. They also release Youtube videos about their progress which makes non tech people understand better. I believe its marketcap could easily tail or even surpass ETH with their progress rate in a year, so my targets are still considerate considering how muchmoney EOS could raise outta just hype. So my targets realistically are the previous ATH, but with considerate stops to propagate the risk of downside Also, Charles Hopkinson is an awsome leader in the space. BITTREX:ADABTC
Long
by Endoftherainbow
Quick Update On Cardano (ADA)Hey Guys. im with my new TradingView Account, some of my friends are here already , welcome Guys :) and welcome to others that will enjoy us Soon :) Let See Whats Going ON With My Favorite Coin 'ADA' Personaly im Bullish on ADA, BUT for NOW we have 2 scenario . A break below 0.00002720 will lead us to 0.00002530 - 0.00002600 range, i'll have buy orders there for sure too. If 0.00002720 hold we will go up from here. THATS SO SIMPLE . wait for confirmation before do a trade. Happy Trading :)
by iLEONARDO
3
The latest scoop on ADA VS BTC!Hey All, welcome to my newest no fuss analysis on Cardano! As always, let's get straight into it: The MACD has recently crossed over bullish, though there is not a lot of momentum at this stage. Volume has increased recently, but not enough to really support that this is a strong reversal into an uptrend. Accumulation Distribution remains high and is slightly increasing which is a positive sign that this new dotted uptrend I have included will however hold out. Further supporting this is the fact that the Aroon Up is still sitting nice and high, whilst Aroon Down is flat to the floor. Both positive signs for continuing up the dotted uptrend channel. We are also currently positioned to test the 23.6% Fib level from which I expect we will initially be rejected from. This is because we have only tested this level once so far (way back on 25th and 26th of Feb), and usually we would expect at least a couple tests before breaking through and confirming previous resistance as support. The good news is that if we are rejected we should only retrace back to the bottom of the dotted uptrend line at around 0.00003150. From here I expect a bounce followed by another test of the 23.6% from which we should break through. Upon closing of the first daily candle above the 23.6% level is where I will be looking to trade from and up to about 0.00004100 when we will be testing previous weak support/resistance. Trade safe and look forward to my update in a day or two! Cheers
Long
by Corrupt_Economy
ADA/BTCAccording to Tomdemark system, ADA is falling since 2 days. Due to the fact that the indicator stochRSI does not show ADA coming to the bottom line, it seems ADA is going to fall for 7 days more. I am adding a Fibonnacci graph where the support lines of this coin can be seen. The next Fibonnacci support line can be previewed from the graph. Furthermore, according to Tomdemark and the StochRSI indicator, there is a signal for a possible rise in this coin. In the case Bitcoin is not going to have any problem, I ecxpect a rise by 25% of ADA coin.
by keci
Cardano's Oversold Bounce.Hey, I am back with another T echnical Analysis , this time looking again at ADA - Cardano . Cardano has launched its testnet, ADA 1.2 was released.. many great news and low price, bitcoin looking stable, what could go possibly wrong ? As Bitcoin has bounced today from its RSI daily oversold level as I predicted many alts has also bounced. Okay, lets just look at Chart. Not much to see, downtrend line, few ressitance and one key support level. So what about Indicators? RSI has bounced off strongly off oversold level. MACD starts to curve upwards, with sellers quickly leaving. MA shows perfect cycle, showing that Cardano is undervalued. EMA is at decision point. I got position at 2460 sat, good isnt it? So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with ADA somehow clearer. If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an update .
by TiborVrbovsky
5
ADA/BTC 4hr Binance...Not An Easy Count...Hello fellow traders, to this long overdue and late update on ADA. Long Term ADA bull here--for reasons previously mentioned. I currently have this chart labeled as an ABC; however, digging in on lower timeframes, I can see mixed signals putting us in a more complex correction of WXY. I have removed this in order to declutter. Where I stand currently: Upper alarm has not hit. Set at the wall of 2900 sats. Wave structure is ugly, and I do plan to get stopped out again. If this happens, regroup, regather, reload. Stops are here for our protection and I do use them ;-) For those long or short, be very careful trading here. Don't pick the low, and if you do, I educationally advise all those long, such as myself, to move that stop to break even. It's a dirty game. Apologies for that lack of clarity, it is just not present in the charts just yet. We need more price action, more data. Until then... Trader's choice. longmoney
Long
by longmoney
CARDANO: MARKET RECOVERY & TESTNET RELEASE - PROFIT = 18.62% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018. Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 18.62% PROFIT!!! The increase in price may also be explained by positive developments including: April 5: IELE, a virtual machine with a universal language framework for translating and executing smart contracts, is in development to be deployed on the Cardano blockchain. April 7: Cardano notifies of it's intention to launch beta test of Cardano for Linux. April 8: Cardano is added to Coinswitch (a crypto-to-crypto exchange aggregator and users can compare prices of ADA and 300+ other coins across their partner exchanges - including KuCoin, Bittrex, Cryptopia, Changelly, Shapeshift etc.) April 13: The first audit was carried out by FP -0.67% 0.32% Complete in conjunction with Cardano Foundation on the Cardano cryptocurrency. April 17: Cardano is added to Binance cryptocurrency exchange. April 27: Ouroboros Genesis, the latest version of Ouroboros, the algorithm powering Cardano. his feature matches the security guarantees of proof-of-work protocols that was previously thought to not be feasible. April 28: Cardano is expected to launch 2 test nets in the near future: Yella test net (Cardano’s IELE Virtual Machine) and K-EVM ( Ethereum 0.71% Virtual Machine) with release dates to be identified soon. (NEW) May 7: Cardano releases formal specification for a wallet. (NEW) May 9: EMURGO announces Ada token acceptance on Metaps Plus which is one of the largest mobile payment platform in South Korea. This is the first Asian cryptocurrency integration into mobile payment platform (NEW) May 19: The Chinese government has produced the first ratings table ranking cryptocurrencies with Cardano ranked at number 7. (NEW) May 23: Cryptopia (New Zealand Cryptocurrency Exchange) lists Cardano. (NEW) May 29: Cardano (ADA) launches Smart Contract Testnet (KEVM smart contracts testnet). Developers will be able to take any application that runs on the EVM and execute it on the KEVM - This is a necessary step towards the promise of third-generation blockchains. The general uptrend in the crypto markets as well as the positive developments outline above. ***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
by CryptoTradeSignals
Academic-driven Cardano, will be driven up?Coin of the day is ADA(Cardano). "Academia-driven blockchain platform Cardano" One more player in a field of DAPPs platforms (smart contract platforms), made a notable appearance in 2017 and even was mentioned by known media. Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture. The central message of the team is that Cardano made by professional scientists " leading academics and engineers", which will ensure high quality of the product. Also, the team has an approach to privacy/regulation concepts:"A major innovation of Cardano is that it will balance the needs of users with those of regulators, and in doing so combine privacy with regulation. The vision for Cardano is that its new style of regulated computing will bring greater financial inclusion by providing open access for all to fair financial services." The platform also uniquely uses Haskell, a programming language with a high degree of fault tolerance. The team is attempting to separate themselves from competitors by focusing on scalability through peer-reviewed research and highly-secure coding practices. Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017. Latest news May 28 - launched the first iteration of its KEVM test net. The new testnet is set to accelerate the growth of the Cardano project, as developers will be able to take any application that runs on the Ethereum Virtual Machine and execute it on the KEVM. The launch of the KEVM testnet precedes the upcoming launch of the IELE testnet, which will function as a Cardano virtual machine. Unlike the Ethereum Virtual Machine, IELE will operate as a register-based machine — IELE will possess an unbounded number of registers and support unbounded integers. Technicals ADABTC started to draw a reversion pattern, ending the May downtrend rally 0.00004 - 0.000025. Yesterday the coin rose above the Bearish Trend Line and then pierced above the 0.000026 - 0.000027 zone, which confirms the beginning of a rebound pattern. High volumes also confirm an oversold state and a possible start of the growth cycle. Breakthrough of the 100-days EMA and Global Bearish Trend line will confirm the beginning of a bullish cycle and further growth. 0.000025 level should play a supportive role in the turnaround-bullish scenario.
Long
by DestinationMoonCrypto
Cardano at decision pointCardano (ADABTC) has been dropping down following the break through the 0.00003 support level. If price rallies back to the 0.00003 level, we can expect it to provide resistance and price could possibly drop from there. If price keeps dropping down, we can expect a reaction from the support level around 0.000023. At the moment it's best to wait until price reaches any of the abovementioned areas before making any trading decisions. Good Luck, CryptoTrendline
by CryptoTrendline
2
Cardano’s (ADABTC) resumption of bear channel: 4hr tfMy previous post for Cardano (ADABTC) can be found here: It was mentioned in the previous post that Cardano (ADABTC) had broken out of its bearish channel which therefore had possible bullish implications for Cardano (ADABTC). Possible points of entries (POE1 and POE2) were also given as price levels to enter a bullish trade to avoid picking price bottoms which can be very challenging. It was mentioned in the previous post that Cardano (ADABTC) had broken out of its bearish channel which therefore had possible bullish implications for Cardano (ADABTC). Possible points of entries (POE1 and POE2) were also given as price levels to enter a bullish trade to avoid picking price bottoms which can be very challenging. Cardano (ADABTC) completed a sideways move instead that was followed by more selling. The lines for the previous bearish channel have been adjusted to indicate the continuation of the bear channel for Cardano (ADABTC). Price action is currently close to the support region mentioned in the last post and a break below this region should see the selling continue for Cardano (ADABTC). Lines of the current bear channel have been extrapolated so that any break below the support region could see Cardano (ADABTC) target ~0.00001834 (bottom of the current bear channel). A breakout from the bearish channel implies potential resumption of bullish momentum in Cardano (ADABTC). Safer points of entry (POE) into a bullish trade are POE 1 and POE 2. POE2 is more conservative that POE1 POE1 in this case is ~ 0.00003040 and POE2 = ~0.00003247.
by Coin_Analyst
2