CARDANO Trading within the 1DMA50-MA200 on this Triangle fractalADAUSD has been consolidating for more than 1 month (since September 20) within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). This consolidation happens to be inside a Triangle that shares many characteristics with the May - July 2021 Triangle.
As you see the May - July fractal also traded for a similar period with the 1D MA50 and 1D MA200 and when the price broke above the 1D MA50, Cardano started its strong August rally. It's worth pointing out that on that fractal, the price marginally broke below the 1D MA200 for 3 days before breaking above the 1D MA50. However the RSI has already double bottomed. In July the (near) RSI Double Bottom happened to be on the 1D MA200 (marginal) break-out low.
Do you think that ADA has bottomed already and will soon start the rally above the 1D MA50 or there is one last low left to be made below the 1D MA200? Feel free to share your work and let me know in the comments section!
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Cardanosignals
ADA/USD LOOKING GOOD !!!It's looking very good for ADA/USD !
showing on stoch it was recently over sold, with breaking the trendline and test it also.there are some couple resistance that ADA will need to pull true, but i have faith that it will.
ADA/USD MAJOR UPWARDS PRICE DIRECTION ADA/USD made a upwards breakout and tested the trendline. I think it will go upward from here. I think even it will break out to his RESISTANCE @3.0000 and will make a new high !
If you also look at the 144 wma it bounced off nicely ! And stoch it was recently oversold ! I think its a great chance to buy , but thats my opinion :D (i am not an financial advisor)
FOLLOW and LIKE for more !
CARDANO Handle almost completed. Last chance to buy before $15?Three weeks ago I made a cross study on Cardano comparing the current Cup and Handle (C&H) it's been trading in since the May High with the same patterns of the recent past:
As you see, the C&H formations are all quite similar and as the Handle of the current pattern is almost completed, I thought it would be a good time to update my idea.
For better comparison purposes for the current analysis, I've included the May 2021 and the August 2020 C&H patterns on the same chart, plotting them on the Fibonacci extension Channel. As you see, when the August 2020 C&H was completed, a two month parabolic rally was initiated. Notice how the handle started just after the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) formed a Bullish Cross and was completed after the last low was made on the 1D MA100. The 1D MA50 broke but the 1D MA100 held and supported the rebound that broke the Handle upwards. On the current C&H (May 2021), the price just hit the 1D MA100 on October 06 and is consolidating within that and the 1D MA50 as Resistance. If the pattern is replicated then we should expect the Handle to break very soon and that will give way to the new parabolic rally. Notice that the pre-handle rebounds on both patterns started after a squeeze/ convergence of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line).
If that's the case, then the logical question that should come on mind is how high can this rally go? Well that can be explained using the Fibonacci Channel. The first High of the Channel was naturally on the Fib 1.0. The parabolic rally of the first C&H stopped and made a Higher High on Fib 1.5 (i.e. 0.5 Fib higher than the previous). If this arithmetic sequences continues then the next Higher High (led by the new parabolic rally) should be on Fib 2.0 (i.e. 0.5 Fib higher than the previous). Within a rough two month time-frame, that should be around $15.
This may be the last chance to buy ADAUSD before that rally to $15 and possibly beyond. What do you think? Feel free to share your work and let me know in the comments section!
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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
CARDANO about to rally repeating this Cup & Handle of the past?ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line).
This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern was formed twice since the COVID market crash, 1) In August - December 2020 and 2) In February June 2020.
Both patterns held the Handle above the 1D MA100 and a parabolic rally followed straight after. Are we about to witness the same rally on Cardano? What do you think?
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CARDANO Handle followed by rally to $10-15??ADAUSD has been one of the best performing cryptocoins since the market made its late July bottom and started to rebound. It is one of the few coins and the only high cap that broke its pre May correction highs.
As you see on the chart, the pattern since mid May looks like a Cup formation. The same pattern was last seen from August until November 2020. On that pattern a Handle followed the Cup and completed the well known bullish formation of "Cup and Handle" (C&H). That initiated a two month parabolic rally. If the pattern is replicated then we should now see a minor pull-back/ consolidation that will give way to the new parabolic rally. Notice that the pre-handle rebounds on both patterns started after a squeeze/ convergence of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The RSI also printed a handle.
If that's the case, then the logical question that should come on mind is how high can this rally go? Well that can be explained using the Fibonacci Channel. As you see I've plotted that at the bottom of the COVID crash (March 2020). The first High of the Channel was naturally on the Fib 1.0. The parabolic rally of the first C&H stopped and made a Higher High on Fib 1.5 (i.e. 0.5 Fib higher than the previous). If this arithmetic sequences continues then the next Higher High (led by the new parabolic rally) should be on Fib 2.0 (i.e. 0.5 Fib higher than the previous). Within a rough two month time-frame, that should be approximately within $10 and $15.
Do you think that's a realistic target for Cardano?
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ADA 4$ 1. Strong uptrend
2. Strong ATH breakdown
3. Lack of large limit orders above the current level
4. The upper boundary of the uptrend indicates the maximum target for the nearest future = 4$ (ADA/USDT)
5. Entering at BUY ZONE
6. In case of global bitcoin reversa l downwards = cancellation of the idea
💥CARDANO ROSE BY 145% IN 31DAYS😲Please support this idea with a LIKE👍 if you find it useful🥳
This chart clearly explains Cardano coin token percentage increase in 31 days (July 20th - August 21st) from $1.0522 to $2.58
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on CARDANO (ADAUSDT) 🤗
Happy Trading💰🥳🤗
Cardano ada (at the top)Cardano turned out to be best trade ofnthe week
From 1.88 to 2.4
(Trailed 1.99 and still going on with trade, Will be trailing directly to 2.3 now)
At the current stage 2.4-2.35
This range should be consolidate and make a structure or a build up for further move
Fresh opening to be avoided
ADAUSDT After the Retest is Going Up
Welcome back Traders, Investors, and Community!
ADAUSDT on H4 After the retest
⬆️Buy now or Buy at 1.3130
⭕️SL @ 1.2336
✅TP1 @ 1.4400
✅TP2 @ 1.4956
✅TP3 @ 1.5989
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Cardano - is approaching an important level !!!🚀🚀After the recent fall, Cardano has formed a local trend line and is currently trying to reach the key level of $1.45. In case Ada approaches this level, 2 scenarios are possible:
1) If the price rises to this level and trades near it, it means that it is likely to be broken and this could be a good opportunity to enter on a breakdown and test this level as support with the above target.
2) If we see an increase in volume when we test $1.45, it could be a good opportunity to go short with a target below.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Cardano broke that wedge pattern!!!After a recent drop of more than 30%, Ada formed a wedge pattern. On the chart we can see that every local high was with decreasing volume, now we have broken through the wedge pattern and can come to the zone marked on the chart below!!!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADA, Cardano - 2️⃣ scenarios for long positionPrice formed a clear resistance line. I see 2 scenarios for buying.
1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest)
2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32
This idea not for people who want to buy and hold. It's idea for everyone who understands how to trade.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Cardano Analysis Updated 03/03/2021As we can see the price is up reneging in a parallels channel where it has already hit the parallels legs of Fibonacci projection.
it has many chances to retrace down to the lower Boundary where there exist a Support Area too.
post the retracement we can target the 161.8% extension level of the same Fibonacci projection and consequently the 261.8% of it too.
there are total of 2 targets
ADA, Cardano - price has a great picture. Look when I'll buy...More than 5 days price is over a big range. The price managed to form a local key level of 1.82. A wonderful entry point will be after squeezing to this level, breakout, and retest. Generally, the coin looks so powerful for growth. I set the alert.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADAUSD getting ready for $3.00 based on this patternPattern: Fibonacci Channel on 1D.
Signal: Buy as the 1D MA50 (blue trend-line) is supporting while (more importantly) the RSI is showing signs of bottoming similar to January 27 and December 23. Key fact: every time the RSI bottoms while the price holds the 0.0/ 1.0 Fib extensions (Dec 23 and Jan 27 respectively), Cardano shoots up to the 0.5 Fib extensions (1.5 and 2.5 on Jan 07 and Feb 11 respectively).
Target: The 3.5 Fibonacci extension (logical sequence continuation based on the signal). Rough estimate $3.00.
Most recent ADAUSD signal:
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Cardano (ADA) Sleeping Giant Awake ATH Price Levels 75% GainCardano 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!!