Cardanousd
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
CARDANO - Destination 2.2 Our updated ADA CARDANO chart.
Price en route to 2.2!
You had been informed.
ps. With a power consumption of 0.5479 Kwh per transaction , ADA is placed at the third spot in terms of being least power-hungry by TRG Datacenters. Cardano claims to be the first blockchain platform built through peer-reviewed research and has the stated aim to bring about “positive global change.” It was founded by the entrepreneur-mathematician Charles Hoskinson, who also co-founded Ethereum.
the FXPROFESSOR
ADA long Entry pointAs we can see in the chart we have two static support and resistance areas that price is oscillating between them. because we are in a bullish channel we can expect to have a long entry point, but we must wait until the price break up the static resistance area and wait for a pullback, after one or two bullish candles we can take a long position.
goodlock!
ADAUSDT Ready for Next Bull Run!ADAUSDT (4H CHART) Technical Analysis Update
Resistance Breakout
ADA/USDT currently trading at $1.75
Buy-level: $1.65 - $1.75
Stop loss: Below $1.50
Target 1: $1.85
Target 2: $2.00
Target 3: $2.10
Target 4: $2.20
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ADA still is in uptrend channelAs we can see, even though the market was bearish yesterday! But Cardano is on it's way. In this chart, we see that ada has pulled back to the support line and is still in the uptrend channel, and as long as the channel and the support line are not broken, we can expect higher prices for cardano in the short or mid term.
ADA CARDANO UPDATE - Time to push higher?Our updated chart shows the price has found interim support levels (orange color ones) and ready to push higher, test and why not breach over the 1,85 level and off to the 2$ mark
Momentum is strong, the project is great, Ethereum has gone up so much and Cardano should follow.
Let's see what happens now.
the FXPROFESSOR
ADA Buy a break setup.ADAUSDT - Intraday - We look to Buy a break of 1.851 (stop at 1.777)
Daily signals are bullish.
Price action resulted in a new all-time high at 1.830.
Price action continues to trade around the all-time highs.
Posted a bullish Flag formation.
A break of 1.850 is needed to confirm the outlook.
We look for gains to be extended today.
Our profit targets will be 2.061 and 2.161
Resistance: 1.850 / 2.000 / 2.100
Support: 1.700 / 1.600 / 1.500
💡Don't miss the great buy opportunity in ADAUSD". There is a possibility of temporary retracement to suggested support line (1.5369).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.6900
TP2= @ 1.7900
TP3= @ 1.9900
TP4= @ 2.1600
TP5= @ 2.3900
SL= Break below S2
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ADA Breaks Upper Channel - Another Week Of SidewaysADA has finally broken the upper channel after 88 days in that channel. Every move seems to be followed by a period of sideways action of 7-14 days and I suspect we are in the beginning of one of those now although now we are above the channel and will be testing that trend line. The next week will give MACD and RSI time to get a little more 'Long Friendly'.
The August Mainnet launch is so highly anticipated along with the expected 'run to $7-$10', ADA has been a waiting game. No one wants to miss the run but no one wants to jump in on a coin that is going to go sideways for another 88 days. Which means once the ball start rolling (uphill), it is going to roll fast and hard.
ADA ; Cardano, Macro Medium term idea ; Moon Program alpha ETH17ADA ; Cardano, Macro Medium term idea ; Moon Program alpha ETH17
This is a continuation on my old idea that ADA is doing what ETH did in 17. and is a supercycle behind basically. I was concentrating on the second big eth pump of 2017. but the first one looks awfully similar too. That because a lot of bull pumps in general look very similar. But if this one is true then ADA may go higher than everyone thinks. And this would only be the first big macro head, we'd get another potentially next year I imagine or at the end of the year.
As you can see ADA is pumping way harder than ETH did then % wise, but you need to look at the ratio not the #'s.
I am going to regret not just holding ALL my ADA i know that now. haha :) ahh well. such is the way of the dragon.
RIDE THE DRAGON
BECOME THE PHOENIX
something like that.
glhf
CARDANO ( ADAUSD ) - SWING LEVELSI wanna congratulate everyone with fast profit who followed my idea. Hope you made a ton, Enjoy !!
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