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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
ADAUSD Symmetrical Triangle is FormingDisclaimer : 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. Cardano is forming a symmetrical triangle on the hourly chart and I expect the price to rise up to our next target approx. at $3.25. Since the Alonzo hard work was launched successfully last Sunday, September 12th, 2021, I believe there will be more exciting news to come to Cardano as well as DApps that are going to build on it. However, historically speaking, September is usually not a great month on the crypto market in general, so I would be patiently waiting for this to play out. Good luck and happy trading!
KRAKEN:ADAUSDLong
by ktrinh042
12
ADAUSD fractal 1WChart drawn inspired by a different asset that shows a very similar initial trend, despite having different timings. Many things to keep in mind are the cycles, bull and bear, and the psychological reactions of investors, taking positions and profit, the trend of the market and the unpredictability of the same. So the forecast is to be taken with caution. Also considering the imminence of ADA's smart contracts and the field of competition, yes, in my opinion Cardano can be successful and climb to $ 100 next year. Nobody is able to predict the future, but fractals very often show the repetition of patterns, overlapping with real life, while in the long term anything can happen. Who knows? This is not a financial advice. Always Do Your Own Research. Thanks for watching.
BINANCE:ADAUSDLong
by marqtz
2
Cardano(ADA) Price Prediction Until The End Of 2021Hello crypto investors, This is my first ever price prediction here on TradingView. I hope you will like my Cardano($ADA) price prediction. Since the last bottom, 96 days ago, Cardano increased its marked cap twice. I believe this is due to much viral news(mainly rumors) about Cardano's smart contracts. Imagine what will happen when they actually introduce the smart contracts in the system. There may be a small % of people(newly crypto investors) that will sell because of the 2x. Hence I expect a price drop to around $2.50 this month. At $2.65 and below I will start adding more $ADA to my portfolio. As usual, there will be a quick jump to ~$ 3.40 and then followed by a small drop in the price to ~$3.00. In late October or early November, I expect $ADA to start a new bull rally. Until the end of the year, the price should reach ATH around $4.00. Maybe we will test the $4.20 zone but nothing more. What are your predictions about $ADA until the end of the year? Let me know in the comments.
BINANCE:ADAUSDLong
by NekufCrypto
Cardano(ADA) will be priced at 10$ in the next month(October)!Hi dear traders, First please Like this post and share this analysis with your friends to support me. Cardano(ADA) is moving in a huge ascending channel in bigger time frames. Cardano is now involved in the channel midline, just like in the past and as you can see after passing this midline We have witnessed a very good climb. I expected from Cardano a correction up to 2.23$ - 2$ and it happened, For now and in my idea according to Technical analysis and market Anomaly I expect to see Cardano at 10$ for next 30 or 40 days from now.
Long
by TahaZargar
20
ADA weak breakoutADA has pushed hard in the last month, and it is now looking feeble. It is now breaking out from a channel to retest the new ATH resistance. I expect ADA to break out to reach 3.07, a new ATH, before retracing a little and then push to 3.4 short terms. However, the underline structure starts weakening with a bearish divergence between price and volume, which is a warning. It will be a warning until confirmed, so the trend, for now, remains bullish, especially with Alonzo coming online soon. Be ready for a possible turnaround for a healthy retracement anytime soon.
BINANCE:ADAUSDLong
by CFcryptoTA
6
ADA Renews Journey Above $3 While $3.5 Comes To Sight Cardano seems to be joining Ethereum in the altcoin-led weekly bull cycle. Cardano embraces price discovery above $3 while massively support between $2.81 and $2.8e, as the IOMAP reveals. Cardano is up nearly 9% and has reclaimed ground above $3. The token is the first among major cryptocurrencies to hit a new all-time high. ADA is on a path to hitting another milestone at $3.5, while investors believe that it is just a matter of time before it rises to $5. Cardano Once Again In Price Discovery Mode According to IntoTheBlock’s IOMAP on-chain metric, the newest smart contracts token is back in price discovery after testing support at $ in August. All the addresses that previously bought ADA are in profit. At the same time, Cardano has no defined resistance as it advances. Hence, a slight push above $3 will quickly bolster the token toward $3.5. On the downside, ADA sits on top of immense support areas, as observed by the on-chain metric. The region running from $2.81 to $2.84 is the most substantial buyer concentration zone, hosting around 94,300 addresses that scooped up 3.42 billion ADA. This support assures investors that ADA is well supported and the least resistance path is upward. In the meantime, Cardano is seeking support above $3 to enhance the bulls’ presence in the market. A real break above this area of interest will set ADA on a $3.5-bound journey. Notice the Relative Strength Index (RSI) gaining traction into the overbought territory. A break above 70 may trigger more buy orders as bulls tighten their grip around the price. The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook based on its position relative to the mean line. A sell signal that had come into the picture is in the process of being canceled. As soon as the 12-day EMA crosses above the 26-day EMA, the odds for another swing north will come into the picture. Besides $3, Cardano is kept in place by an ascending trend line since the beginning of August.
BINANCE:ADAUSDLong
by CoinGape
1