Based on my charts, We may see some downside but ADA may also see upside. Ultimately, I predict ADA will have a new price in July. I would recommend buying if you are bullish and selling if you are bearish, otherwise HODL. I am not a financial advisor.
Cardano in daily time frame moving in the price range of 0.42-0.43, and the important support of Cardano is in the price range of 0.4. If this important support is broken, it is possible to correct it up to the support range of 0.35 at the level of 100 Fibonacci. The second scenario that can be considered is to fluctuate in the range of 0.4-0.43 and in case of...
ADA/USD 12hr - Forming a large descending triangle. Ive seen a few videos claiming the #ADA has bottomed because of its long consolidation but let's play devils advocate here. Whats not in ADA's favor: 🐻 Its possible no coin has found a bottom (Perhaps ATOM, sheesh). 🐻 The series of lower highs says Bears are in total control 🐻 There is a big difference...
We have experienced exponential growth before the release of major forks for Cardano. Yes, this growth was during the BULL market (but also during a time of doubt... where ADA was the only coin making waves), but I believe we will gain some steam to make some profits! We may see some more sideways movement for the next 2 weeks or so between $0.85-$1.05. During the...
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...
After forming the cup and handle pattern, ADA experienced rapid growth and then created a DOUBLE TOP pattern at 1.25. Based on the classic TA, I expect a 10% drop from the bottom of M pattern(0.236 fib) and a drop to $1 KEY ZONE. Also according to Ichimoku, Cardano's most important support is in the $1 zone. The $ 1 zone also shows the DC Channel midline which is...
In this post, I have tried to show the impact of each of Cardano's previous hard forks on its price. According to the chart, Cardano has a 1.60 two-month target. But in the short term(next week), decrease of Cardano TVL could make it bearish. pullback to 1.020 is possible. We have the Vasil hard fork ahead in Jun.