Cardano Head and Shoulders "ADAUSD"
Cardano Head and Shoulders target of 0.53-0.62 on the daily timeframe is being confirmed today.
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.
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
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
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
zoom out bull flagzoom out. chill out. relax, don't panic.
Also look at weekly. Looking to btc and end of DEC
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
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
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
ADA To $25.00Based on the fib reversal ADA could reach $25 first stop at the 141 fib level following the exit of the bullish triangle pattern.
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Frequently Asked Questions
Cardano (ADA) reached its highest price on Sep 2, 2021 — it amounted to 3.1078 USD. Find more insights on the ADA price chart.
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See the list of crypto gainers and choose what best fits your strategy.
Cardano (ADA) reached the lowest price of 0.0175 USD on Mar 13, 2020. View more Cardano dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ADA is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ADA right from TradingView charts — just choose a broker and connect to your account.
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