Pushing breakoutCardano is competitive in the market and with its hefty tolerance it immediately exceeds level '3.0'. Cardano should still be bought!
Cardanousd
Cardano 3.0Cardano is now completing the end of its booming up-trend, in which a new level was highlighted (3.0)
Cardano Update 22/08/21: $2.45 Target 🎯10% Gain to $2.85Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :)
Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :)
Cardano 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!! #Cardano #Ada
$ADA could go to new highs from here!- If we bounce from this daily area, it's a higher high by a long margin, and it's likely we're going to new highs. 1.618fib seems a good target
- This level was tested many times before and showed strong bounces every time
- Risk/reward is very appealing at R=4
- Stoploss below the 0.5 fib also seems reasonable, as often we see bounces from that level.
ADA Analysis, Cup and handle pattern, RSI divergence Hello everyone, as we all know the market action discounts everything :)
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Cardano (ADA) cryptocurrency surged by over 18% to set a new all-time high of $2.57.A Big Cup & Handle pattern emerged and broke out 3 days ago which explains the coin movement, The coin is having a very good Bullish movement which could be the start of a Bullish trend.
Be careful from the Divergence that has been found between the RSI And the Market that could be a reversal sign and the price has a very good chance to drop down.
The Market does seem to be Turning Bullish with this push and we can see 2 different scenarios on how the market could move in the next few days.
Bullish Scenario :
The Coin is at 2.742346 right now, if the Bulls kept supporting this trend then we will see the market hitting the first resistance line at 2.565357, Notice with the Bulls power right now they shouldn't have any problem breaking out the first line, But the real Battle starts at the next resistance level at 2.675435 where the Bears will try to gain control back over the market and if they fail then the price will keep going up reaching the 2.771431 range.
Bearish Scenario :
We spotted a Divergence between the RSI and the Market this could be a Reversal sign and if that would to happen then the current trend will change and the price will drop down and it's going to be on its way to the first Support line at 2.359283 where the Bulls will try to retake control over the market and if they fail then we could be seeing a bigger drop and the market will be headed near the support area at 2.263287 - 2.153209.
Technical indicators showing :
1) The Market is above the 5 10 20 50 100 200 MA and EMA (Bullish sign)
2) The MACD is above the 0 line showing that the market is in a Bullish state, with a positive crossover between the MACD line and the Signal Line
3) The RSI is at 78.79 sitting in the overbought zone, With a divergence between the indicator and the market, which could be a reversal sign.
Support & Resistance points :
support Resistance
1) 2.359283 1) 2.565357
2) 2.263287 2) 2.675435
3) 2.153209 3) 2.771431
Fundamental point of view :
it seems like the “Alonzo” upgrade has a significant impact on investor sentiment. The upgrade is about smart-contract features and addresses what critics have called one of the network’s most glaring deficiencies.
For instance, smart contracts have been a revolutionary strength in the blockchain industry. This is because they have allowed the creation of Decentralized Finance protocols, non-fungible tokens (NFTs). Also, a new form of carrying out trades without the need for an agent.
Cardano (ADA) is one of the projects that have gained momentum throughout 2021. But now that the project’s long-awaited smart contract abilities are on the verge of becoming reality, the crypto is on the hill of setting new all-time highs. According to Coinquora
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Cardano / ADA USDT possible shortIt has reached first top peak from here it will dip for correction possibly in day chart.
Monthly candles are upwards but we should keep an eye on daily movement to lock profits.
All investment carries risk,
Play safe!
🔹CARDANO, We Have smashed the ATH 💙Cardano kai ksero pswmi! which translates to 'Cardano and bread' in Greek.
It's something that we say when we like too much. An exaggeration.
In this case I am not exaggerating, I told you guys EXACTLY when to buy (buy stop over resistance), EXACTLY what the levels were (and that's EXACTLY the levels the price would test and break) and also EXACTLY when we will go to new all time highs.
Now I will tell you were I think this is going. It's on my chart, take a look, above 5$ for the next 10 months.
Yes, I am EXACTLY VERY HAPPY. Thank you
the FXPROFESSOR
Cardano pushing breakoutCardano coordinate a new breakout - the last final before we step into new characters.
Cardano upcomming breakoutCardano is facing a breakout, with happy intentions towards a positive result of 2.4. (all-time-new-high).
ADA Bulls Aggressively Battle For All-Time High AT $2.5
Cardano price extends recoil from recent support at $1.92, coming face to face with the stubborn hurdle at $2.2.
The MACD is about to flip massively bullish, triggering gains to the record high at $2.5.
IntoTheBlock’s IOMAP model reveals immense resistance ahead of ADA, likely to hinder the recovery.
Cardano is trading in the green toward the end of the Asian session on Thursday. This bullish outlook appeared after ADA embraced support around $1.92 following a correction from the recently traded three-month high roughly at $2.25.
Meanwhile, the newest smart contract token is exchanging at $2.08 after the uptrend faltered at $2.2. The seller congestion at this level has remained intact, challenging recovery attempts that are eyeing the all-time high near $2.5.
Cardano Price Is Bullish But Resistance Galore
The short-term technical picture appears to have flipped bullish as ADA lifted from $1.92. According to the four-hour chart, the Moving Average Convergence Divergence (MACD) indicator would present a buy signal in the nearest future if not for the barrier at $2.2.
The bulls must keep the price above $2, a move that could ensure market stability and increase the chances of the MACD turning bullish. In the meantime, holding above the mean line favors the bulls, but the 12-day EMA must cross above the 26-day EMA to validate the recovery and give bulls a boost to crack the barrier at $2.2.
Trading above this level may trigger more buy orders as speculation mounts for gains to $2.5. Investor interest is expected to shoot up, especially after Cardano’s Alonzo network upgrade.
Looking At The Other Side Of The Picture
IntoTheBlock’s IOMAP on-chain metric highlights a massive resistance that may sabotage the expected upswing at $2.17. Around 61,000 addresses previously bought 1.1 billion ADA in this area and may wish to break even as the price rises, dampening the bullish pressure.
On the downside, relatively strong support is provided for Cardano at $1.97. As long as ADA holds above this level, corrections will be mitigated, allowing bulls to forge another way to $2.5.
🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite.
As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise.
The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month
Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality.
Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative.
When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off.
Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork
Oh! and some news about Binance: cointelegraph.com
One Love,
the FXPROFESSOR
Cardano - time for a correction 😲❓There has been a lot of attention on Cardano lately. Based on fundamentals, the price has been rising on the back of good news. Based on the technical picture, the price was pushing towards 1.5$ and after the breakdown, it showed good gains. Together with all these factors, the price went up by 50% after the breakdown of the important 1.5$ level.
Bitcoin is now in a downward movement, along with almost all altcoins, Cardano is no exception.
It is very likely that the price of Cardano will go into a correction. If the price breaks the support level of 2.03$, the next stop will be the area marked below.
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
ADA Sell a break of $2.Cardano - Intraday - We look to Sell a break of 1.998 (stop at 2.057)
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950
Cardano triangle breakoutWe are facing an upcoming breakout, in the event that, the price level appears stabilized. Happy trading!
CARDANO about to 🚀, But Wait a BitIn this chart, we can see that CARDANO has successfully retested the previous ATH and has hit a resistance.
So, we are looking for a correction to get another entry.
We have our support level in place around 1.85-1.88, where price has reacted to previously.
We look forward to retesting the ATH first, before going for $3 using the fib extension levels.
Share your views in the comment section below.
Thanks
ADA CARDANO - Updated Small ChartThis is our Cardano updated chart with the key levels (support and resistances) that you would like to be aware of.
The price has risen over 50% last week and you can read about the fundamentals in our post 5 mins ago:
We had previously explained why we were awaiting for a Buy stop order and indeed it went really well for us here..i hope you ere listening.
🔷 ADA CARDANO - Smart Contracts means Lift off and Orbit 🌐🛰️🧿 Story from Markets : Cardano Jumps on Signals Smart Contracts Coming Next Month
The plan to add smart contracts next month could defy skeptics who have bet that the functionality wouldn't come anytime soon.
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.
ps. One of the great things about Cardano that is really attracting me to it is the 'ethics': Making The World Work Better For All
the FXPROFESSOR
Cardano Update 13/08/21: Next Stop $2.45 20% Gain Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :)
Cardano 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!!
ada will go higheverything is clear on the chart , I used FIB Channel to show how market reacts on FIB numbers and it was amazing ! See Num 1 . Num 2 . Num 3 , when price reached to these numbers had a correction and then rised to after level of FIB Channel . 3.618 and 5.618 are very important in this channel because price reacted different times at this zone . finally we have 2 scenario for long .
Cardano : hahaha , Did you see that ? So Bullish , isn't it ?? As we analyzed, we got the second target, after a short break, we move to the third target, which is $ 2.38.
Agree or What ??
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 1.803 (stop at 1.764)
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
A break of bespoke resistance at 1.800, and the move higher is already underway.
We look for gains to be extended today.
There is no clear indication that the upward move is coming to an end.
Broken out of the triangle formation to the upside.
Our profit targets will be 1.918 and 1.968
Resistance: 1.800 / 1.850 / 1.900
Support: 1.750 / 1.700 / 1.650
ADA Prepares To Test All-Time Highs As Speculation Intensifies
Cardano explodes over 20% to trade at $1.8, leading altcoins in mid-week recoveries.
Development activity on the Cardano network surge ahead of the launch of smart contracts functionality.
Cardano breakout has continued to make headlines this week. Data by CoinGecko shows ADA trading 20% in 24 hours, following an announcement that the blockchain network will soon support smart contracts functionality.
At the time of writing, ADA is trading at $1.77 amid the push by the bulls to close the day past 1.8. The uptrend has been entirely consistent with Cardano flipping hurdles into formidable support areas.
Cardano To Launch Smart Contracts Solutions
The CEO of IOHK, Charles Hoskinson, has confirmed that Cardano will soon have smart contracts functionality. According to him, discussions and preparations have been completed, with Friday being the tentative day. However, he cautioned the community on onboarding the exchanges saying that this step will be “the final go-no-go.”
We had a lot of discussions with partners and other people, and it looks like we are on track for Friday to announce the date.
As the news reverberated across the market, Cardano shot up significantly, extending the breakout from July 22. Many analysts believe that this development will take Cardano to the next level, with the price predicted to hit the all-time of $2.5 within the next week.
The short-term technical outlook shows that Cardano has a bullish outlook that continues to support the uptrend. For instance, the Moving Average Convergence Divergence (MACD) indicator still compels buyers to buy into ADA.
In addition, a break above the immediate hurdle at $1.8 could bolster Cardano above $2. More buy orders will be triggered above this level, with speculation for gains above $2.5 increase at astronomical margins.
It is essential to realize that the Relative Strength Index (RSI) is already overbought. Usually, overbought conditions are challenging to uphold. Hence, a correction is often expected after the RSI hits levels above 70. Currently, the technical index stands at 80, implying that a retreat is possible in the near term. Therefore, it is imperative to be cautious while trading Cardano, at least for now.
Cardano Intraday Levels
Spot rate: $1.8
Trend: Bullish
Volatility: Growing
Support: $1.4 and $1.2
Resistance: $1.8 and $2
