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Cardanousdt

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
Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins. Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary. Where and when to buy? a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
by Yuriy_Bishko
6
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
ADA/USDT - potential 186% mid-term setupHello, Traders! ADA has not finished its business cycle and technically looks stronger than most other altcoins on the market. At the moment, buyers are restrained by the local resistance at $1.25 It is possible to form a buy position in three parts: 20% of volume in the range of $1.02 - $1.15 30% of volume in the range of $0.81 - $0.95 50% of volume in the range of $0.55 - $0.71. Further, in case of a significant correction in the market, a position with an excellent average entry point. The range to exit the asset at a stop of $0.27 - $0.38 The targets for purchases will be price levels of $1,48 $1,74 $1,97 $2,33 The ratio of risk to profit in the transaction is more than 2. A good option in the medium term. P.S. This is an educational analysis that shall not be considered financial advice
KRAKEN:ADAUSDLong
by UnknownUnicorn10064030
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
ADA may dropHello everyone, as you can see ADA is trying to break through a strong resistance right now. All the altcoins had a big growth today but we may see a pullback in the following days due the hypothetical recover of the BTC Dominance. I am expecting Cardano to fail the break through and bring us down to the support level ending our current uptrend. Make sure to take your profit and to do not join the market yet ! For any questions make sure to use the comments area below!
by michael772
3