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Cardanousdt

ADA is on the verge of a 24% upswing Cardano price prints a bullish technical pattern on the 4-hour chart, hinting at an incoming breakout. The falling wedge pattern may elevate ADA to $1.35, jumpstarting the recovery to a record high of around $1.48. Cardano is among the few cryptocurrencies trading double-digit gains among the top 50. The market is dotted in green; however, price action remains lethargic. ADA is up 14% over the last 24 hours to trade at $1.11. For now, the least resistance path seems downwards but Cardano is trading within the confines of a bullish technical pattern, suggesting that an upswing is likely in the near-term. The aspiring smart contract token trades at the apex of a falling wedge pattern, suggesting that a reversal is in the offing. The bullish outlook forms when an asset's price drops with pivot highs and lows while converging at a single point referred to as the apex. A breakout is usually anticipated before the trend lines converge. The common breakout is mostly confirmed by a consolidation period, followed by a spike above the upper trend line and reinforced an increasing trading volume. As for Cardano, the 24% breakout is expected to come into the picture as soon the price steps above the wedge pattern and the hurdle presented by the 200 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart. It will be a real breakout if the 50 SMA's seller congestion area is pushed into the rearview. The expected upswing may fail to come into the picture if the Moving Average Convergence Divergence (MACD) continues to slope downwards. Currently, the MACD line (blue) is holding under the signal line, confirming the bears are still in control. Cardano intraday levels Spot rate: $1.1 Relative change: -0.006 Percentage change: -0.4% Trend: Short-term bearish bias Volatility: Low
BITTREX:ADAUSDLong
by CoinGape
5
Cardano AnalysisHi guys Today I want to analyze cardano for short term before close of weekly candle so it is my prediction and maybe it is not true! I have 3 scenario : 1- Yellow path : cardano will has a bit retracement and again move to break this downtrend channel 2-Green path: cardano will break the channel and after pullback to top of the channel go for new ATH 3- Red path : cardano will move down to touch the bottom of channel Please pay attention to hidden divergence on RSI
Short
by cryptolearningland
ADA Waiting for a breakout - Trade ideaHere's a quick look at ADA 2 hr chart. Symmetrical triangles has been playing out very nicely the pas few days and here's an example of a symmetrical triangle that hasn't played out yet. Wait for the breakout. The idea is: Buy the breakout from the Symmetrical triangle shown in the chart. Take profits at the level shown in the chart. Targets: 1. 1.27$ 2. 1.37$ 3. 1.49$ 4. 1.7$ Follow me for daily trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10