Get started

Cardanousdt

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 $1.8
COINBASE:ADAUSDLong
by CoinGape
5
Short Term Bullishness - About to test 1.44ADA looks bullish on the short term price movement. It is forming an inverted triangle on the 1h chart. The price rise will be equal to the height of the candle thats comes closest on both the sides and can be seen in the charts. If the price moves over 1.45, the next resistance wil be at 1.475 and then 1.5893. With major developments about to happen by June, especially ethereum-to-cardano conversion technology, ADA has a lot of growth potential and is a worthy investment in this market. Target price: 50% at 1.44; 50% at 1.47 if it price moves above 1.45 or else 1.42. Stop Loss: 1.32
Long
by AltWhales
ADA, Cardano - I won't do something before that....Price dropped more than 30% from the high. Now, it's no a good time to do something and I don't see an entry point. I'll try to buy in the 1,3 -1,4 area. Only with SL. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
14
ADA USDT SHORT (15) This is not a trading or business advice ------------------- Good morning everyone, I Being a personal Holder of Cardano since a long time now, but currently the recent moves of BTC and the market (thanks Elon & Cie) means for me a deeper correction (for the middle short therm). And its great for us. This means it's a great relief for the coin after this first run, and this also means its a great entry point for you for the futur. For cardano we could be dealing with a descending wave (there is still some intermediate support), if we put the height of the downwards triangle this gives us approximately the big support zone around 1.60$. ENTRY : 1.99 - 1.65 STOP Below 1.60 if we break (UP) and confirm to the north in the next few hours this analyse is invalid. if we break below 1.60 (unlikely) .... no comment
Short
by celiomark
1
ADA, Cardano - did u earn with me? 25%⚡️3 days ago, I wrote about 2 entry points. The first scenario has happened. Congratulations to everyone, 25%! What's next? We built a local trend line. I see the entry point only breakout it and retest. Before that, I won't do anything. 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
27
ADA is moving +100% profits already ... still more 👌we posted before for ADA n we told that it will touch $1.50 area then it will go to the moon n that what happened exactly 👌 (link of the call is below this article in the related ideas section) who can believe that this amazing coin was just 10 cents on last October?! congrats to whom followed us ✌ n for now, ADA broke out recently the $1.80 area , so in that situation usually we have 2 scenarios:- 1- ADA will correct with the market n test the resistance broken as a support n it may hold or not. 2- ADA will continue going upwards n will postpone its correction for now, but for sure it will happen ! so that, I marked on the chart where exactly the price may bounce up or down n where is the perfect entry to get in ADA. in case ADA will correct $1.90 is where u should buy, it will be 20% down from its currently price. long term targets: ADA can reach 10$ or 12$ maximum in this bull run, cuz of the market cap. Whoever is predicting more than this during this bull run, he is just getting fomo.
by BTC-fire
8
Cardano Update 09/05/21: Next Stop $2 14% Gain Cardano Update 09/05/21: Next Stop $2 14% Gain from current price level. Cardano has been consolidating for the past 2 months in a small range between $0.95 and $1.48 and we have now finally broken the previous key resistance at the 61.80% Fibonacci level @ $1.49. ADA's move towards the upside began on the 26th April, Our Swing Call Script triggered a strong buy signal when the 13 EMA crossed above the 50 SMA (55% Gain from Buy Zone) and Cardano broke above the 200SMA signalling back bullish market sentiment as the Bulls have continued to push the price higher. Cardano has grown 55% since the 26th April from $1.03 to $1.82 over a 13 day period to a new ATH in this Bull cycle. Next Price Targets for Cardano: 🎯$2.36 🎯$2.92 🎯$4.94...we estimate this in 1 to 3 months from here at the 461.80% Fibonacci Level. Cardano Update (05/03/21) From Buy Zone 1 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. Notes: www.youtube.com Hoskinson knows about Africa’s potential, his positioned strategically. There is real wealth on the African continent just the current systems stagnate growth, only a matter of time until this is unlocked through the power of blockchain and decentralisation we are going to see huge changes in our lifetime! Super smart guy! With the integration of smart contracts, the Goguen era represents a big step forwards in capability for the Cardano network. Where the Shelley era decentralizes the core of the system, Goguen adds the ability to build decentralized applications (DApps) on Cardano's solid foundation of peer-reviewed research and high-assurance development. The work for Goguen has been under way in parallel with Shelley, and when complete will allow users from technical and non-technical backgrounds to create and execute functional smart contracts on the Cardano network. One of the goals for the Goguen era has been the creation of Plutus, a purpose-built smart contract development language and execution platform using the functional programming language Haskell. Plutus is already available for testing and brings the benefits of functional programming to smart contract creation. It also allows one code base to support both on and off-chain components, improving the coherency and usability of the development experience compared with existing smart contract implementations. The Goguen era also encompasses work to make Cardano accessible to wider audiences via Marlowe, allowing financial and business experts with no previous technical knowledge to create smart contracts.
Long
by CryptocurrencyMagnet
💡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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
10
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
KRAKEN:ADAUSDLong
by Crypto-Quantum-Fox
4