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Cardanousd

Cardano is going to overcome resistance 🧨🤯After a significant rise in bitcoin and altcoins, there was a local correction in many coins, one of which was Cardano. From its high, Cardano has corrected by 7%. Volatility is now narrowing, which means that the asset is gaining strength for a new spike! I think that the price could gather stop-losses below the trend line and then go up after that. The best buying opportunity would be to break the local consolidation and retest it as support. 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
by Yuriy_Bishko
5
ADA About to take off!?ADA is looking pretty great trading inside this wedge with having 3 wicks at the top in just the past week, if we don't break through here there is a chance we start to come back down a little but i believe a breakthrough of the wedge is coming. First of all a huge factor for this is continuing to hold above the the pivot point which we have been doing quite well, and doing so will be a trend reversal for us and we will likely gain bullish momentum pretty quick. Looking at the bollinger bands aswell, we are nearing the top band which is always highly bullish, we could see price action grab onto top band and start to go onna bit of run up more than likely right through the top of the wedge! Now finally the RSI is looking great we have broken above the 50. point midline, over the past couple couple months we have really struggled to stay above the midline and we were stuck in a confirmed downtrend, now if we can successfully hold above here we will indeed get a trend reversal and a confirmed uptrend. Not financial advice just my opinion!
KRAKEN:ADAUSD
by JacobR905
ADAUSD(4Hr): Cardano moving in an upward triangleMarket in the last 24hrs The price is moving inside the upward triangle and is seen oscillating between the middle and the upper Bollinger bands. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue to move in the upward triangle. If the price moves below the triangle then we can expect a strong bearish trend else if it breaks above the triangle then a stronger bullish momentum is expected. Price volatility was low at approximately 0.23%, with the day's range between $1.3 — $1.36. Price at the time of publishing: $1.34 ADA’s market cap: $42.63 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ADAUSD
by Mudrex
7
Cardano - A November Fractal?Looking at the similarities between Cardano in November 2020 (left) and Cardano today (right), and I notice a number of structural elements looking very similar: 1D 200MA tested twice Convergence of the Moving Averages (20MA, 50MA, 200MA) Similar relationships to the Fibonacci pitch fan lines Rising RSI Bullish MACD Could we be looking at a fractal re-occurrence of November 2020? If so, an initial projection of the price peak of 1.382x from the low could re-occur in quick time, rising the price to $3.00. If achieved, that would put a particularly bullish outlook on Cardano, as it continued to rally from the November 2020 peak for another 1300% before reaching the May 2021 high. I’m not saying that ADA will reach $40 necessarily, but it does look to be on target for $3.
Long
by Crypto-Swing
5
Cardano - 2 scenarios that will tell you what to do! 😉The whole market was expecting a correction, to buy bitcoins and altcoins at a discount, but the market is not going the way most people expect it to, and yesterday there was a very strong spike, bitcoin was up 18%, there were very many liquidations, which actually happened with altcoins as well. What's on the Cardano chart? The price is also in a consolidation range, now it is close to the upper limit. There are potentially 2 possible developments: - first scenario, the price quickly approaches the upper boundary of the consolidation, makes a false break, and goes down - second scenario, the price will squeeze near the upper boundary, make a breakdown, retest the upper boundary as support and go higher. 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
by Yuriy_Bishko
12
Cardano (ADA) Showing Bullish Signs Hello everyone , as we all know the market action discounts everything :) The bearish movement of the Cardano seems to be ending when the price bounced up from the support line at 1.05 in the last few days and reached the first resistance line at 1.25. However, needs to break above $1.50 to make a Higher High and begin to reverse a Downtrend, if the price happens to crossover above the resistance line we could be seeing the cardano jumping more and creating more supports lines on the way . The first jump most likely will reach the resistance line at 1.45 and that resistance line will be tested, if the price crossed over that resistance the second step would be the second resistance line at 1.59 , and the scenario will happen again at that resistance line and the price will reach the ranges of 1.83 in the next step. different technical indicators are confirming the bullish movement where we see that : 1) The market price at 1.23 has crossed the MA at 1.17 (bullish sign) 2) The MACD showing good momentum with a positive crossover happening between the indicator and the market price (bullish sign) 3) The Stoch showing a positive crossover between %K and %D where %K (56.19) and %D ( 54.07) (bullish sign) Support & Resistance points : support Resistance 1_ 1.200665 1_1.47106443 2_ 1.186327 2_1.59542164 3_ 1.174810 3_1.85334770 Fundamental point of view : Bitrue became the first cryptocurrency exchange to support native assets on the Cardano blockchain. Cardano isn’t slowing down in its development as it continues to come up with new and ingenious offerings for its community. The development of native tokens on the network has seen Bitrue take steps to become the first cryptocurrency exchange to offer support for native assets on Cardano’s blockchain. According to the Singaporean-based crypto exchange, the first Cardano native token to be supported will be $OCC, the native token for OccamFi. Cardano has received the short end of the stick for its “slow” development but has defied all expectations by providing regular updates for its community. Cardano’s Mary protocol upgrade was an epoch-making event for the network as it introduced native tokens. These native tokens ushered in multi-asset support to Cardano and are indispensable in cutting costs and increasing liquidity. A major difference between Cardano’s native tokens and ERC-20 tokens is that Cardano’s native tokens do not require smart contracts to handle transactions, minting, or storage. An ingenious secure and cost-effective way around this is the use of the accounting ledger to keep track of the ownership and asset transfers. _____________________________________________Make sure to Follow and Like for more content_____________________________________________ 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.
BINANCE:ADAUSDLong
by GabiDahduh
ADA Plummets To $1 But Colossal Recovery In The Offing Cardano price dives to the years’ last line of defense and most formidable support at $1. The formation of a double-bottom pattern points toward potential recovery to $1.5. Cardano bled profusely alongside other cryptocurrencies in the market on Monday and Tuesday. The losses are likely to have come into the picture amid the bullish camp’s exhaustion. In other words, buyers feel unrewarded for the effort put into the market. Probably crypto assets have not bottomed amid the ongoing bear run since the all-time highs trades sometime in April. Bitcoin still trades under $30,000 while Ethereum is stuck between support at $1,750 and resistance at $1,850. Cardano is trading slightly above $1 after securing crucial support at the same level. Minor resistance is anticipated at $1.1, which could delay the recovery. Short-term technical indicators suggest that bulls are gradually gaining control. Cardano Price Aims For Massive Recovery To $1.5 The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook on the four-hour chart. This trend-following tool may soon present a buy signal, as the 12-day exponential moving average crosses above the 26-day EMA. The odds for a strong recovery will rise as the MACD closes the gap toward the mean line (0.00). According to the Relative Strength Index (RSI), Cardano is mainly in the bulls’ hands in the same four-hour timeframe. As the RSI follows ADA’s trend, it also calculates its strength. The rebound from the oversold region toward the midline speaks loudly of the growing bullish grip. It is essential to realize that Cardano has formed a highly bullish technical pattern. The double-bottom pattern came into the picture when the support at $1 was tested twice but held steady. A recoil is expected to emanate from this solid buyer congestion zone and perhaps, uplift ADA toward $1.5. Several resistance levels stand in the way of the ultimate upswing at $1.2, highlighted by the 50 Simple Moving Average (SMA) and $1.3 illustrated by the 200 SMA. Cardano Intraday Levels Spot rate: $1.07 Trend: Bullish bias Volatility: Expanding Support: $1 Resistance: $1.2 and $1.3
COINBASE:ADAUSDLong
by CoinGape
1