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Smartcontracts

ADA/USDT Update: 3$ was met. Smart contracts launch today.Intro: - Today is the official launch day for the goguen era and with it smart contracts which will result into a vast ecosystem. 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 did reach the anticipated 3$ which marks a new ATH and took some profit. Later Cardano crashed together with the whole ecosystem and even touched the 2$ line which represents a 30% correction. - Currently the market is very volatile since nobody knows the impact of this new starting point integrating smart contracts. One could suspect that some people take profit and now look for ADA gems to invest which would result in a small ADA selloff. - During the drop we see that the Fib levels 0.5 and 0.38 did hold so far. - The current bottom is likely to be 1.4$ or 1.8$, so don't panic if we visit this regions again. - The RSI is in a steady downtrend since mit August and currently does not look like it even tries to recover. - Overall ADAUSDT is a very messy chart and we can't recommend trading ADA for now. (The following description is taken from last discussion.) - We spot a beautiful W recovery drawn in blue. As mentioned in other analysis we consider a W shape recovery to be very strong reliable. - Volume rises again which is a bullish sign. However volume did not reach a level near to previous volume spikes which could indicate that the big chunk is still coming. - The resistance levels at 1.4$, 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. Expectation: - The anticipated 3$ were hit and the 12th of September is here. The next days will lead the path and it is anybody's guess where we head next. Currently we can't recommend buying and trading ADA since we are so close to the newly formed ATH and potentially have a lot of downside potential in the very shortterm. - Let's see how things play out over the next week and discuss again. - 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.
by tumbler55
3
ETHUSDT 1hThe price ceiling has formed near the $ 3561 level and the price is slowly falling The first major resistance is close to the $ 3560 level A steady move above the $ 3560 and $ 3600 levels could increase the chances of a price climb. In this case, the next resistance will be close to $ 3680 If ETH fails to move above the $ 3500 and $ 3560 resistance levels, it could start another downtrend The first support in this downtrend will be close to the level of $ 3400 The next major support is currently forming near the $ 3380 area The main support is close to the level of $ 3335 and if the price falls below this level, the possibility of re-touching the $ 3200 area will increase Be rich and healthy
by shayanfb
4
ADA TargetsADA has broken out of the 1.272 fib retracement at 2.87, which is great to see. I've laid out all the fibs and log fibs for potential areas of resistance in the future up to 4.33. Just because it's out there doesn't mean it has to be resistance but they might be good places to scale out of long positions or enter short scalps if the price is overextended right under a fib resistance. My timeframe would be in the next 2-3 months but many of them might get hit in anticipation of the smart contracts upgrade.
Long
by micjmor69
2
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
ADA TO $3 IN THE SHORT TERM!!The past few days/weeks have been extremely exciting for those who are invested in ADA, including myself as I have a fair share of ADA in my portfolio. To some this massive move was extremely unexpected, however I have been anticipating a huge movement nearing the release of Alonzo purple and smart contracts. The closer we get the higher the price will rise and I am fairly confident in my prediction of the price hitting $3 in the short term however there is a strong possibility that this would be a buy the news sell the release situation which is very common and personally would keep ADA on a healthy track if the price dips after the Alonzo purple hard fork is released, and on top of that it would give for a good buying opportunity. I will discuss in the following paragraphs why I believe so from a technical perspective. Currently the ADA price is consolidating slightly above the previous ATH of $2.47, which is extremely healthy as it is able to maintain a neutral stance even at levels as high as it is. I would be very happy if we could sit in this area for a few days longer, which will really solidify the future support around this level as this line also holds the previous ATH, therefore this level in the future would theoretically be a very hard one to break, if it holds a few days longer. We recently broke out of a medium term bullish flag formation (seen in yellow) with the target point sitting at $2.44 which is just below the previous ATH, therefore I was expecting a retracement off that level. However that retracement has not occurred, well not yet at least. We find our self in a small bullish pennant at the moment, which in my opinion can turn into a bull flag (as seen between the white dashed lines). This would be an extremely bullish signal as it will give the price time to cool down and not get over extended ahead of the rest of the market. Another benefit is that the price will have time to retrace down to a key level of of support and a previous swing high which sits in a ranged area between $2.25 - $2.18. Therefore in conclusion, I stand with my prediction of $3 , however it may bounce off a bit short which I have predicted at $2.96. watch out for the next few days as there is a beautiful trade to be made as prices break out of the set formations into price discovery once again. Yet again I thank everyone for investing their time into reading this article and I truly hope it gave you a perspective you had not yet discovered or it gave confluence to your own similar predication. Please leave a like and comment your opinion on this perception on the current Cardano price. Don't forget that everything I type on my articles should not be taken as financial advice but rather a confluence above your own research and do diligence. #NotFinancialAdvice.
BINANCE:ADAUSD.PLong
by Crisp_Flow
2
ADA/USDT A pull back to 1.8 for ADA then a bounce to the upside.Let's be realistic here, the market for ADA is quite extended right now so expect a pullback then a bounce off to the upside. This is looking very bullish especially with the smart contract on the side so expect to break the all-time high. The RSI is above 80 so look out for the prices to either stay stable or correct itself to around the $1.9 level. I still believe that after this correction (I may be wrong), the prices will likely go parabolic as it has proven before. A good opportunity to buy right now would be patient for a pullback to 1.8-1.9 or a market crash (anything can happen in crypto as we've seen it before). You could indeed short right now but add a stop loss at about $2.2 because we've seen how bullish ADA has been in the past week. You may hate me to say short right now you have to sometimes be a bear and sometimes a bull to be a good trader. Good Luck EVERYONE and don't trade money you can't afford to lose!
by GrimZert
Cardano Update 13/08/21: Next Stop $2.45 20% Gain Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. 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. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!!
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
2
Last time this happened, SOL moved higher by 116% in 16 days!The last time this happened in SOL - it moved higher by 116% in 16 days! This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best. Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days. There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining! I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days. A very wonderful merger b/w technicals and fundamentals.
Long
by ich1baN
3