ADA ChartingHead and shoulders pattern detected here on the day chart, should see large support line bounce at 0.91$ USD . Upside after that will be recharted lots of potential looking for a bounce here
Key facts today
Key stats
About Cardano
Cardano is a proof-of-stake blockchain network which can run smart contracts and dApps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem.
Cardano Head and Shoulders "ADAUSD"
Cardano Head and Shoulders target of 0.53-0.62 on the daily timeframe is being confirmed today.
Last Cycle -> This CycleNo two cycles have ever been exactly the same and it remains to be seen if that will ever happen. Bitcoin has thus far demonstrated a certain amount of cyclicity and predictable behavior on a 4-year time scale that has been widely studied and written about. Given BTC's overall influence on the asset
Second great opportunity for ADA, continuing its uptrendAs shown in the ADAUSD Weekly chart, the ADA price is approaching the 200 weekly MA (in blue), showing for a second time that we might continue the weekly uptrend from this point.
A simple Descending channel on ADA 4 hourly chartA breakout from this channel could push us back up to test the 1.20 range if bullish, if bearish we would be testing the .60 cent range
BUY OPPORTUNITYInstrument: ADA/USD
Entry Price: $0.941
Stop Loss (SL): $0.831
Take Profit (TP): $1.178
Risk-Reward Ratio: 1:2
Technical Analysis:
50 EMA Support: As price approaches the 50 Exponential Moving Average (EMA), it is expected to act as support. This suggests that ADA/USD may find support and bounce hig
zoom out bull flagzoom out. chill out. relax, don't panic.
Also look at weekly. Looking to btc and end of DEC
Possible head and shoulders. My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market
galactic punp coming to a wyomingcoin near youcharles will do charles things, lovelace will be still turning in her grave and alls right with the world
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Look
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