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Charleshoskinson

Cardano's Desending Wedge Setup, will it shrug off macro woes?Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside? Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the potential for a significant bounce in the major cryptocurrencies. A potential bounce could see a 50-100% upside for major Altcoins that are down over >75% from all time highs. With Bitcoin and Equity index spurred by the strong support at the 200 daily moving average. Time to wait and see.
BINANCE:ADAUSDLong
by FortunaAlgoAnalytics
ADA ready for a Bullish rally✅In daily timeframe, ADA is forming an inverted head and shoulder pattern, which is a very important pattern at the END of a long descending channel. The 0.618 Fibonacci support(0.93) could be ADA's last DIP. We consider the breaking of the 4-hour timeframe resistance as an important signal for BUY. Here we have the conditions for a good trade with a high risk-to-reward ratio. After a 4-hour resistance break, there is a good opportunity to buy. Then a $1 resistance breakout could be the second important buy signal for a mid-term trade. One Week target: 1.248 (1 fib) 6-week target: 1.594 (1.618 fib) cause VASIL hard fork. * May decline to 1.86 (0.786 Fibonacci)!
Long
by UnknownUnicorn26598155
6
ADA now or neverADA, if it weren't for the fact that the price is underwater I would say that from a technical point of view it is wonderful. The trend is clearly bearish and has been falling for months. Even a child would understand that it is in a down trend, but not so many adults would understand that you shouldn't buy a coin like this while it's falling. Now, we are at an important point. Two things can happen: 1) it breaks the bearish purple trendline and pumps like there's no tomorrow, or 2) it breaks the 0.786 fib level which magically coincides with a monthly support, unique of its kind. If that happens, we'll teleport downstairs. I already know that something else might happen, like that the price breaks the purple trendline and then bounces over and over on the blue support. This is because ADA is an altcoin and part of the BTC gang. And the gang members don't do anything unless they first see what the boss does. Make your considerations.
KRAKEN:ADAUSD
by Alecto
2
Cardano looking for an upwards breakout out of huge wedge 🚀✨Cardano currently retests the 1$-1.3$ region which is a very strong support band combined of the purple band and the green horizontal line. Except the bear trap we are following the structure of a huge wedge pattern that is about to break out since we found this massive support zone. On the RSI side we just retested the falling yellow line as support and are now going for the 50 line. Also looking at fundamentals gives us bullish vibes. Sundaeswap will soon communicate a release date that is most likely in February where we also get a Cardano update indicated by the blue vertical line (21st of February). On the other side we now have to pass the 20MA, 50MA and the upper line of the falling wedge which are all very much aligned. This could be a strong resistance but expect that the upcoming demand will eat up this resistance zone in no time. We expect to hit 2.3$ within the next 40 days and possibly go even higher. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
Long
by tumbler55
Cardano is Loading ... As you can see, Cardano's analysis is not difficult. We have a large channel that you can see by --> zooming out. But for correction, we have a micro-channel . To reach its previous ceilings, Cardano must first break this descending channel from the roof. After the failure of the channel, you can enter from the ceiling and confirm the failure. Educational : Basically, the descending channels break from the roof . Note: #Charles_Hoskinson has recently commented on the futility of projects such as BINANCE:DOGEUSDT and FTX:SHIBUSD . In my opinion, it is better to think of attracting investors for his project, because in this way, Cardano can lose the rank of 6 markets.
by GODsPLAN777
ADA/USDT 66 DAYS ✌ADA has been consolidating for the past 66 days and has finally broken out of the descending triangle. As seen in previous patterns, ADA almost always repeats the same pattern. If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside. Today we are in a very similar position. In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there. On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90 Not financial advice. Goodluck friends 😁
KRAKEN:ADAUSDLong
by technicalFlami29
Cardano gets its first DEX within the next weeks 🚀🚀🚀 5$+?Intro: - Cardano is one of Ethereum's main competitor and addresses some major issues that pains Ethereum like scalability and gas fees. - Finally smart contracts are running on the Cardano chain and the ecosystem can start to bloom . - So far Cardano is lacking a working DEX which seems to hold back the whole ecosystem. Daily chart: - Price shows a consolidation pattern that has its apex around 2$. Once we break the yellow line we expect more upwards movements. - Overall Volume keeps declining which is consistent with the price consolidation. - RSI analysis shows that we are oscillating below the 50 line. - Moving Average: The 200MA comes to help and can act as support to break above the yellow line. - Fibonacci levels show the region between the 0.5 and 0.6 lines hold as support. As long as we hold the 0.6 line we don't have to worry about a bear market movement. - Support lines are at 1.9$, 1.4$ and 0.7$. The ascending yellow line can act as support as well. - Resistance lines are at 2.3$ and 3$. Expectation: - Sundaeswap announced that their DEX will be ready within the next two weeks. This most likely will trigger another rally for Cardano and with it possibly the whole ecosystem (like COTI, ERGO etc.). - Until we get a working DEX on Cardano we might extended consolidation into the apex of the forming triangle. - End of the year prediction: We will see a 5$+ Cardano before the end of 2021. Due to the fact that Cardano performed very badly during the last month we changed the 8$+ prediction to 5$+. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
4
ADA Bull Flag ready to breakAfter Cardano's latest highs, and most recent pull back, it appears to me as if ADA is ready to begin a retest of its all time highs. There has been some recent developments for cardano, including the release of smart contracts, new development of dapps, and the holding of the cardano summit (last weekend). This gave the crypto community new information to digest and mull over while China's continued announcements on crypto bans have begun to wear off as many saw this coming months ago. Inflation has continued to rise and doesn't look to be stopping soon, per central bank head Jerome Powell, as supply chains haven't reestablished themselves yet and jobs have been reluctant to return resulting in the continuation of an over liquid environment. Many are now doubting the 'transitional nature' of inflation these officials have continued to preach as it is often difficult to lower prices for many consumer goods after they have an established rise. I believe it may be the correct move to be short the dollar while inflation continues and the US congress continues to entertain the idea of government default.. to the dismay of many. I feel being long crypto implies being short the dollar, albeit in an indirect manner. Technically, ADA has held an important support at $2, has bullish divergence appearing on the RSI, and is receiving a buy signal on the MACD. If it is able to break the bull flag trend line then ADA could be headed up. I have alerts ready to add a position and a stop loss that will be set just under the recent low of $1.90. I am looking for ADA to retake its original channel range. Good luck to all.
KRAKEN:ADAUSDLong
by Avatar_Trading
Cardano(ADA) will be priced at 10$ in the next month(October)!Hi dear traders, First please Like this post and share this analysis with your friends to support me. Cardano(ADA) is moving in a huge ascending channel in bigger time frames. Cardano is now involved in the channel midline, just like in the past and as you can see after passing this midline We have witnessed a very good climb. I expected from Cardano a correction up to 2.23$ - 2$ and it happened, For now and in my idea according to Technical analysis and market Anomaly I expect to see Cardano at 10$ for next 30 or 40 days from now.
Long
by TahaZargar
20
ADA/USDT Update: Broke ATH and heading for 3$. Smart Contracts!Intro: - It's a long time ago since we covered ADA. Mostly because it was consolidating and we had to wait. - Finally we got an official date for the launch of smart contracts and it's the 12th of September. This is the update the whole Cardano community waited for years now and patience seems to be rewarded. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart: - We spot a beautiful W recovery drawn in blue. As mentioned in other analysis we consider a W shape recovery to be very strong reliable. - Volume rises again which is a bullish sign. However volume did not reach a level near to previous volume spikes which could indicate that the big chunk is still coming. - The resistance levels at 1.4$, 1.85$ and 2.4$ were take out all within a short period of time. - The 1.85$ resistance level was tested and now acts as support. - RSI is currently close to the overbought territory and did get rejected from it. Expectation: - We expect to see new ATH's until the 12th of September and don't know yet what to expect afterwards. - 3$ seems a doable task until then. - Once smart contracts are running and the ecosystems grows we maybe even will see a 10$ cardano one time. Stay tuned and hodl on. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
6
Cardano is a Scam. Charles, come at me. $ADA #ADA #EthiopiaCardano is a scam— I strongly believe that ADA is the XRP of this bull market as it relates to cryptocurrency. Globally, they don’t pass the Howie Test. In Ethiopia, they fail to meet or submit the proper documents for purposes of the Public Procurement Agency— yet still tout their MOU signed in 2018 as an empty victory. I’m tired of hearing about vapor ware, and will not allow Charles Hoskinson and his Associate John OConnor to get away with it in Ethiopia. Over several weekends, I have been hosting rooms of roughly 100 participants in a “Blockchain Ethiopia” room on Clubhouse. I will be escalating the case further as it relates to Twitter and additional social media platforms in addition to authorities and officials in Addis Ababa. Also, for some fantastic reason, every time I open my month on Saturday, the price seems to drop 1 to 3%. It’s an hour long conversation so the minute by minute chart is pretty spot on. 15 minute intervals also works to undercover the trend.
KRAKEN:ADAUSDShort
by kalkassa
7
Target for this bull cycleBecause TradingView doesn't offer a longer history for ADA I had to just imagine the lows and highs of last bull cycle. According to the Fibonacci Indicator we'll see a 4.5$ ADA in this bull cycle. ETH already hit it's top in the Fibonacci Indicator, a lot other Altcoins are still very low in comparison to the last bull cycle. I am very into Cardano and I think we will hit one day the 1 Billion Market Cap and have a price of around 35$ for one ADA. but we will have to wait for that a bit. I think when this bull cycle is over or is still running, a lot more institutions will jump in and there will be a MEGA cycle. Good luck ya'll :D
KRAKEN:ADAUSDLong
by MashiBaba
6
ADA - Ain’t Done Yet! 45%+ Price Prediction!Hello Traders, I believe we are still in an uptrend for ADA. Now, if there are any Elliot Wave specialist out there, who can check my work to confirm the placement of my drawing, please do! I’ am looking for feedback on this one as I am a novice when it comes to Elliot Wave placement and percentages between each wave. But from what I do know, you can line up the Fib chart to locate the size and percentage positioning between each wave. If I do have it placed correctly, then following Elliots theory we would be half way up the 3rd wave, before hitting the 4th. My price prediction would land it around $1.78 before entering a ABC correction. Fundamentally, Cardano (ADA) has been receiving more than enough good publications over the last weeks and months, leading up to the launch on the main net and successfully implementing their programming on the Testnet. Charles Hoskinson has come out saying that the official release will be this Tuesday (March 1st), permitting weather conditions... whatever that means. But there is a lot of anticipation behind this project and the outcome of ADA officially being a useable platform. Future outcome prediction: Next I do believe that Cardano will be listed on Coinbase sometime this year, if not beginning of 2022. The reasoning behind this timeline, in my eyes is because Coinbase is very close to their IPO. Coinbase has a lot of investors behind them and creating any new waves or potential issues would only hurt their $50+ Billion valuation. Though after they are able to get settle in the traditional market landscape and some of the dust settles, then we should start to see new coins added to the Coinbase market and yes, I think ADA will be one of them and especially if they launch of Mary Hard fork is all it’s cracked up to be. Future price prediction: Cardano has seen a 558% +/- increase in their market cap since Jan. 1, 2021 thru Present date (Feb. 25, 2021). If we were to realize only around half that at a 250% Market Cap increase, it would be at $83,750,000,000. $83.750 Bil (m. Cap) * 31,112,500,000 (est. Circulating Supply) = $2.69 (est. end of year price point). I believe this is a conservative increase but we have to remember that ADA has already seen a 450%+ increase this year. But if it gets listed on Coinbase and maybe even Gemini, it could dramatically increase. Thanks and good luck!
BINANCE:ADAUSDLong
by MarkStPeter
10