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Cardano / TetherUS PERPETUAL CONTRACT

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✴️ Cardano To Go Down With Bitcoin (Caution Advised)Let me start by saying that this statement, "to go down with Bitcoin," is only a temporary situation. It is based on an upcoming quite normal, standard and classic correction. I am a Cryptocurrency bull. But before being a bull I am your friend, your supporter, your follower, your teacher. ➖ My job is to warn you about what is happening with the charts in this Cryptocurrency market. ➖ My job is to alert you of upcoming great opportunities as well as of great potential danger. ➖ Opportunities when the market is about to grow. ➖ Danger when the market is about to retrace. But if we are smart, even the dangerous part can be turned into an opportunity; that is for advanced traders. Yesterday Cardano produced a higher high on wick compared to 14-Dec. 2023. All of the bearish bias, potential and reasoning we've been doing is based on this fact; a lower high. Now yesterday this lower high is broken, what now? Cardano (ADAUSDT) produced a higher high based on candle wick but not on close. The wick hit a high of 0.7088 (29-Feb. 2024) while the high 14-Dec. 2023 peaked at 0.6800. Now, yesterday's session closed at 0.6547 while the highest close in December happened at 0.6675. It can be tricky, but the candle close is "heavier" than the wick. Today's session did indeed go beyond yesterday's candle close but there are some early signals of weakness and the volume low. The trading volume is low, some weakness in the short-term timeframes and the bearish divergence with the RSI stays the same. One needs to look very deep into the charts to see what I am seeing, but my job is to alert you of the drop before it happens; of the rise before it takes place. I hope you are having a wonderful weekend. My heart is overflowing with love that I wish to share. I know we cannot predict the future but at least we can prepare. Thank you for reading. Feel free to follow if the content you enjoy. Your support is appreciated. Namaste.
Short
by AlanSantana
22
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide. February's Fantastic Performance: Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory. Surpassing Expectations: Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone. Challenges and Opportunities: However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA. Looking Ahead: As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance. Why It Matters: Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years. In Conclusion: Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
Long
by DEXWireNews
ADA/USDT Break Alert! Keep an eye on the support, Bullish Moment💎ADA has recently undergone significant market dynamics, breaking out of a key resistance level area. There's potential for the price to undergo a retesting phase, initially testing support around $0.68, before resuming its upward movement, potentially reaching our target area. 💎 However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout. 💎 In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area. 💎 ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.
by MyCryptoParadise
10
Cardano price might drop up to 0.3 price levelHi everyone, Cardano price didn't manage to break its local high at 0.68 and went in to a correction phase. ADA price already lost almost 30% from its local high and probably this number will continue to increase. At the moment the main support located at 0.46 price level but most likely this support won't withstand for long. In the near future I expect ADA price to drop at least to 0.4 support level but if we see dump on Bitcoin then most likely ADA price will drop even lower. Overall I expect slow downfall on ADA until Bitcoin halving happens and real bull market starts. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
10
AdA after Giving us a Hhuge Profit in Last Trade. Is Ready Again## ADA Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Cardano (ADA):** A proof-of-stake blockchain platform for decentralized applications (dApps) and smart contracts. * **Launched:** September 2017. * **Market Cap:** ~$28 billion (as of Feb 23, 2024). * **Rank:** #7 on CoinGecko. * **Unique Features:** * **Plutus smart contracts:** Allow for the creation of secure and scalable dApps. * **Layered architecture:** Separates transaction settlement from computation, improving scalability. * **Proof-of-stake consensus mechanism:** More energy-efficient than proof-of-work. **Recent News:** * **Feb 24, 2024:** IOG announces the Alonzo mainnet upgrade is now live on Cardano. * **Feb 16, 2024:** Cardano successfully completes its hard fork combinator (HFC) event. * **Feb 14, 2024:** Input Output Global (IOG) releases roadmap for scaling Cardano. * **Feb 9, 2024:** Cardano announces partnership with Dish Network to explore blockchain solutions. **Disclaimer:** * This information is for educational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Do your own research before making any investment decisions. **Additional Notes:** * ADA price has been following broader market trends recently. * The recent news highlights Cardano's progress in development and adoption. * It's important to be aware of the risks involved in cryptocurrency investments before making any decisions. I hope this information is helpful! Please let me know if you have any other questions.
Long
by MoonTradingForecast
ADA: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. That’s a resistance zone where it got rejected in late 2023. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, with +47% upside potential to $1.00 next, or 2) pull back near $0.46 support for another swing entry in Uptrend with +17% upside potential back to $0.65. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $1.00.
Long
by altFINS
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
4
ADAUSDT,🟢Still bullish...?!🟢(Details on caption) By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend. In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target. Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone. What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency. 💡Wait for the update! 🗓️25/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1