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Cardanousd

Cardano price holds steady ahead of smart contracts rolloutCardano immediately swung into recovery following the massive dip to $1. The upswing was sharp and consistent but hit a barrier at $1.8, which curtailed the planned strike past $2. ADA had traded all-time high highs around $2.5 in mid-May. In the meantime, the upcoming smart contract token is trading at $1.66. Marginally beneath the prevailing market value, ADA holds onto crucial confluence support at $1.6 created by the 50 Simple Moving Average (SMA) and the 200 SMA on the four-hour chart. Keeping this anchor zone protected is critical for sustaining the uptrend; otherwise, if lost, massive declines would come into the picture, forcing Cardano to explore the rabbit hole back to $1. Cardano's journey to smart contract capability nears the end Input Output Global (IOG), Cardano's developer, has announced the final steps that would lead to the beginning of smart contract support on the platform. A hard fork combinatory event referred to as "Alonzo" will be used to implement the features starting in June and leading to full deployment in September 2021. In addition to the typical smart contracts that require technical knowledge, IOG plans to introduce an app that nearly anyone with an interest in blockchain can use. What next for ADA as the price stabilizes? Cardano is teetering between two key levels; the confluence support at $1.6 and the resistance at $1.8, as highlighted by the 100 SMA. The technical outlook in the four-hour timeframe hints at the trend flipping bearish in the near term. For instance, the Moving Average Convergence Divergence (MACD) has hit a snag in the positive region and appears to be retreating toward the mean line. If the MACD line crosses under the signal line, a sell signal will be triggered. The downtrend has been reinforced by the Relative Strength Index (RSI) correction toward the mean line. However, the support at $1.5 can hold and may see the resumption of the uptrend. If the breakout above $1.8. Trading past this hurdle may trigger massive buy orders as bulls speculate the rise back to $2.5. Cardano intraday levels Spot rate: $1.63 Trend: Short-term bearish bias Volatility: Low Support: 1.6 and $1.4 Resistance: 1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
2
ADA, Cardano - 2 scenarios with a clear goal🔨ADA broke the trendline on 1h timeframe. In the first scenario, the price will do an impulse after the breakout of the 1,65 level. In the second scenario, the price can retest trendline(good entry point) and go up to 1,9. Be careful and trade only on spot. 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
by Yuriy_Bishko
15
Cardano is on track to complete elliot wave cycle to $3+Big pump before BTC crash - ADA holders are unfazed. Technology is finally catching up to the $1 hype from 2017. It was funny seeing crypto twitter buy the dip all the way down to $.05 during crypto winter, but the strong hands prevailed and was handsomely rewarded. I expect NVDA stock split stock to save ETH and carry BTC back to $50k (BTC is currently at $38k). Elon and friends had a fun time stop loss hunting and grabbing cheap coins. Energy consumption attack on BTC was a nice way to pump ADA to create higher support before they dumped the BTC. We should see overall crypto market higher next month as May BTC future contracts come to an end this week. final target of full elliot wave cycle on ADA with BTC at $50k should take ADA to $3+. Let's take profits after NVDA splits in July.
Long
by FleurdelisFX
1
Cardano price technical breakout sets out for 60% rallyCardano had an interesting last week whereby it rose into the fifth spot on the market despite the freefall in price. The staking platform boasts of a market cap of $48 billion and trails immediately behind Binance Coin. The trading last week was gruesome not only for ADA but the entire crypto market. From the recently traded all-time high of $2.5, ADA plummeted to the support at $1.1. However, the downswing appears to have allowed more investors to enter the market at a lower price, explaining the reflex recovery to $1.6. Moreover, a highly bullish pattern is formed on the chart and is likely to bolster Cardano significantly. Cardano bulls focus on sustaining a falling wedge pattern breakout The recovery included the breakout from the falling wedge pattern stalled within a whisker of brushing shoulders with $1.6. Perhaps the overhead pressure came from the resistance at the 200 Simple Moving Average. It is apparent that bulls are fighting to hold at higher support, a move that ensures that buyers the uptrend is not sabotaged. The falling wedge is a highly bullish pattern, with a target at $2.2. Meanwhile, Cardano must bring down the resistance at the 200 SMA on the four-hour chart and close the day above $1.6 to validate the anticipated liftoff. The Moving Average Convergence Divergence (MACD) has a bullish outlook, cementing the prevailing technical picture. Looking at the other side of the picture The Relative Strength Index (RSI) emphasizes the growing overhead pressure following the rejection at $1.6 and the 200 SMA. Its retreat below the midline is a vivid bearish picture that cannot be ignored. Therefore, investors should be prepared for the bearish leg to extend to $1.4 and $1.1 levels, respectively. Cardano intraday levels Spot rate: $1.5 Trend: Short-term bearish bias Volatility: Expanding Support: $1.4 and $1.1 Resistance: The 200 SMA, $1.6 and $1.8
COINBASE:ADAUSDLong
by CoinGape
5
Short Term Bullishness - About to test 1.44ADA looks bullish on the short term price movement. It is forming an inverted triangle on the 1h chart. The price rise will be equal to the height of the candle thats comes closest on both the sides and can be seen in the charts. If the price moves over 1.45, the next resistance wil be at 1.475 and then 1.5893. With major developments about to happen by June, especially ethereum-to-cardano conversion technology, ADA has a lot of growth potential and is a worthy investment in this market. Target price: 50% at 1.44; 50% at 1.47 if it price moves above 1.45 or else 1.42. Stop Loss: 1.32
Long
by AltWhales
Sell Offs Over? Here's a Idea on ADA.So from what I am looking at on the 1hour time frame and the 15 minute time frame is that we have seen the bottom twice which is at around $1.05 and it bounced off that level twice now. I do strongly believe we double bottomed and bounced off the strong $1.05 support level and are now beginning to start to form a new Uptrend and head back up to rechallenge our ATH. I DO NOT BELIEVE THIS IS THE BEAR MARKET!! I only think this is a bearish trend / cycle (**Inside of a bigger bull trend**) and that after that 2nd bounce we have firmly held our support level of $1.05 and can now start moving back up. As far as how long this move takes I can't give you a estimated time frame. But I can tell you a 100% fact is that you can't get huge gains in crypto without seeing some major profit taking. This is why I can't stress enough to newer investors to only invest BIG MONEY in projects that are fundamentally strong and have a solid foundation built underneath of there large fomo driven communities. So hopefully all of you that have been following my TradingView held on to there panties during this pretty much normal behavior profit taking and are now ready to get back on with the bull run. Now I can say for sure 100% without the shadow of a doubt that this bull market will eventually end but do I think it is now? Absolutely not and for multiple reasons at that. We have more money flowing into crypto markets then ever before. We have wealthy banks, Institutional Money & even Governments getting involved in the crypto space. United States has not shown any type of behavior leaning towards any type of bans only regulation which is to be expected when you're dealing with trillions of dollars and you keep seeing "Rug pulls" in the Coindesk breaking news headlines pretty much on the regular with platforms like Ethereum not keeping there platforms projects clean for the space which leads me into my next belief that Cardano will be King one day. The way Charles Hoskinson communicates with the community and how he doesn't play favorites or shill certain projects tells me 100% without any doubts that its all fair game and that is what makes successful communities. You can have the best technology in the world but if you don't have a community willing to develop on you're platform then you're not going to get anywhere. Cardano 2021 , 2022, 2023, 2025 are going to be some INSANE times so just hold onto you're panties Boys & Girls and make sure you HDLE, Buy, Sell, Repeat because I can feel it in my bones #Cardano is taking us to the promise land!! This is not Financial Advice only my opinion using trading strategies & tools that I know in order to predict a analysis of my own. If you are new to the space then I suggest DYOR, Learn TA & NEVER TRADE LEVERAGE!! As always, Happy Trading Traders, Drop a Like, A Follow if you liked it & NEVER TRADE LEVERAGE!!
COINBASE:ADAUSDLong
by PacMan1337
2
ADA, Cardano - I won't do something before that....Price dropped more than 30% from the high. Now, it's no a good time to do something and I don't see an entry point. I'll try to buy in the 1,3 -1,4 area. Only with SL. 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
14
ADA found bottom, altseason coming!ADA found a bottom (spike down to 1.77) in the Fib retracement zone between approximately 1.90-2.00 after a massive run up to 2.50. We saw a 1H hammer candle which is a reversal pattern. It seems to be confirmed - this reversal - with the next candle. Now it's trading above the 2.00 (psychological support/resistance). It makes sense that ADA, along with other altcoins, will soon skyrocket (again) as BTC is still losing dominance. Nice to see the bottom has been formed so soon.
KRAKEN:ADAUSDLong
by gonnabetya
1
1 ada = 2.48 Is valid. Island is an island. Btc is of course affected by the Eth drop. But Ada is a coin that has not experienced its full explosion yet. There is a goal of 12-14 dollars in the future. The most important issue is that the people who enter the island are generally corporate and far from short selling. Since the sale is made while the price increases, the money inside always stays the same or increases. I always tactic the ruler of the island. We took the island from the bottom. We are increasing the number of islands. Not investment advice. The reason I wrote this is because you buy and sell investments at your own discretion. If you are in Germany, we can get 1 year investment with the contract.
Long
by TraderEtc
5