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Cardano

Cardano bullish triangleHey trader! This analysis reviews a bullish breakout for the price of Cardano. Cardano has recently experienced a bearish trend since the all-time high at 3.1059 . However, a triangle formation has emerged which may indicate that the price will rise despite the recent move. The triangle is pointing a lot upwards and with other tools like Fibonacci it can be estimated that the price has the potential to rise to new highs, potentially to the resistance level at 0.5118 , as there are e.g. there are also some support levels at 0.2436 , 0.3043 , 0.3224 , which makes the price potential for a strong development. I hope this analysis was instructive and that it can be used for further consideration of the direction Cardano should take in the future.
Long
by Aksel_Rom
1
Cardano Fibonacci target 0.4271Hey trader! This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ( 0.5117 , & 0.2417 ) can hold back the price and this is also reflected in the Fibonacci target price at 0.4271 . It can therefore be concluded that Cardano has strong potential to reach the previous resistance level ( 0.4217 ) and create a good return of potentially 22.47% for the speculative investor. I hope this analysis was instructive and that it can be used in considering whether Cardano will continue its imposed bullish trend.
Long
by Aksel_Rom
Cardano double top (bearish breakout)Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed which, upon breakout, could trigger a bearish trend down to the target at 0.1989 (as assessed by the Fibonacci ). I hope this analysis was instructive and useful for future consideration of Cardano .
Short
by Aksel_Rom
Cardano and $95 trillion case for crypto. At the bottom, as a related idea, you will find my trendline from February. Those who follow me also know that I have been very accurate at predicting both short-term and long-term trends. Now, why is that? It is because I have been following the fundamental principles of markets for years, and tried to understand their weaknesses and strengths. Some may have heard that so far, the best case for crypto has been 3rd world countries with no access to banks or Muslim countries that discriminate against women. This has been the argument that even the biggest crypto skeptics agree on, because it is simply obvious. However, there has been a strong sentiment that this may have no use in the west, because we have a stable economy and stable banking system. And to a part that is correct. It's known that the banking system has its tantrums and it's not perfect, but crypto does that too. A person in 3rd world country will be completely fine if his currency stably fluctuates by 50%, because that is still more consistent than their government. I don't think that we need more arguments for 3rd world countries because that is already happening. However, the sentiment has been that 1st world countries use it for speculation purposes and Ponzi schemes only. I will agree that 90% of people do use it that way. So why did I mention $95 trillion in the title? As much as this is common in the US, investing in stocks is not common in the EU and Russia. Even in the US, you generally invest in funds that manage your money. Well, how do you make sure this is a safe investment? The only investments that actually make sense and bring any money are those that can cumulatively bring profits. And those are long-term investments (10, 20, 30 years +). Such investments are almost foolproof and cumulative growth simply outweighs any year-to-year market fluctuation. Well, the way a retail investor can invest is through trading platforms and banks. Banks fail. Platforms are often corrupt and I'm not sure who would trust them and leave their assets there for such a long period of time. In my opinion, for 99% of people, there is simply no other safe alternative than crypto. No matter what happens with the total value, it will hardly ever go to zero, it will hardly ever fail and it will never be as prone to human error as the stock market, or more precise, the institutions that create, distribute, and hold securities and assets. To have a long-term mindset, you actually need to be able to safely invest for the long term. And this has simply been impossible for small investors. Only billionaires can safely get, hold, and store stocks. Furthermore, it is hard for a small company to get out on the stock market and have a chance to grow. This further reinforces the statement that the rich will get richer and the poor will get poorer. I'm not a communist, and I have nothing against the rich getting richer, but the poor should also have the same opportunity to get richer without government assistance, connections, blackmail, and corruption. In conclusion, I don't think that there is only a possibility that crypto platforms will replace this system, I am 100% certain that this is inevitable. And I want to expand upon my point that I don't think there should ever be cryptocurrencies. What I'm referring to as crypto in this text is actually a secure protocol for the transfer of information and the creation of contracts. I see a world where there are 0 currencies ever in existence. Currencies were a necessary and problematic middleman, used to practically exchange goods, without having to carry everything that the other person may want. Now we can actually do that. We can choose to trade any fraction of our economy we wish to, for any good or service. A dollar was a bed derivative of the economy, because at the same time something could be twice as expensive, while something else remained the same. This way, you can exchange any part of your portfolio (whichever is doing best or worst) for a good or service. This allows you to compensate less with your money, and it allows you to stay invested 100% of the time and be completely liquid at any time necessary to buy things. Having to decide how much to set aside each month and how much fiat will you use is very impractical and inconsistent. And often makes you compensate by consuming too much or too little. I hope that there will be new competitors, and I am searching for anyone with the same Idea, but so far, I have found that only Cardano brings this possibility to the table and I am very happy that there is finally a product that I've been searching for. for years.
Long
by josip
2
ADA is ready for another shortingBased on the chart, though i am hopeful that crypto should start recovering now, instead of another series of downturn, has saw some similar trend to the Cardano, where the previous rally is merely an expended flat of Wave 4. The projected down is currently happening, and based on M30 chart, we should see the price will going to its bottom part of its solid support. Hopefully i am wrong, and ADA will continue its bullish momentum, and if my analysis is correct be ready to ride on later.
Short
by Unknownono
2
ADA IS BREAKING OUT !!!Hello Cardano community, I have conducted a simple technical analysis of Cardano and have identified a significant development. The cryptocurrency has recently broken a downtrend line that had been in place for an entire year. This suggests that the market sentiment may be shifting from bearish to bullish, potentially signaling upside momentum for the asset. Is now the perfect time to buy ADA? I would appreciate any feedback or additional insights on this analysis. Let's discuss and stay updated on Cardano's progress.
Long
by murkser
2
Morning Update: OMH for ADA should do itADA has extended nicely off the bottom. However we are coming into the 2.618 and 3.0 Fib Extension areas. Here I would expect a reaction that could start our retracement in wave 2. Again, I'll reiterate...wave 2's can be shallow, so to get cute and try to sell with the intention of buying back lower is risky. I got a lot of DM's regarding ADA asking will it come back down? I don't answer them. I am not in the trader counseling business. Buying and selling is your decision. If you sell ADA in this area, and we get a long consolidation or a shallow retrace followed by a "rip your face off rally above $.60"...please spare me the DM's. I thank you in advance...lol. Best to all, Chris
BINANCE:ADAUSDLong
by maikisch
8
Cardano (ADA): pointing againNews regarding forthcoming release of a toolkit for Cardano`s network, which should increase scalability of the Cardano`s network, continue to support ADA`s price. During the previous week the coin reached a new yearly high at level of $0.37, while the lowest level during the week was at level of $0.32. The RSI indicator continues to move within the overbought market side, indicating that the short reversal might soon come for this coin. At the same time, there has not been almost any change in movements of MA50 and MA200. These two lines continue to move as two parallel lines with downtrend, regardless of positive price movements during the last two weeks. ADA will certainly be further supported by the coming of the new fork. Short price reversal is possible, considering that RSI is indicating it for the last two weeks. Current charts are pointing that it could be a level of $0.32 for one more time, but testing of the $0.30 support line is with lower probability. On the opposite side, ADA will continue to test current resistance at $0.40.
COINBASE:ADAUSD
by XBTFX
[UPDATE ADA] Nothing changed. What if?As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use ADA as a reference, it would look like this. THIS IS A STAGE 2 SCENARIO.
KRAKEN:ADAUSD
by Homocryptus
2
ADAUSDT : Cardano Aims for Another +60% ⬆Hi Traders, Investors and Speculators of the Chart📈📉 Cardano looks like it's gearing up for another big move; currently consolidating under the resistance zone (which is bullish). Since the last update on ADAUSDT, ADA has increase 62% and from technical indicators RSI and Phoenix Ascending, it looks like it want's to do another 60% ⬆ with TP target just under $0.60. There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, you have to check out these two! USA Government Federal Debt crisis : Ethereum and ZK Protocol... in space: What are your thoughts on this? _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
31
ADA: Approaching ResistanceCardano (ADA) technical analysis: Trade setup : Bullish Breakout from Falling Wedge pattern (above $0.30 resistance), with robust volume, signaled trend reversal. Price reached our target $0.40 horizontal resistance zone (also 200-day moving average). Now we wait for price to 1) break above $0.40 to resume uptrend with upside to $0.50, or 2) pull back near $0.30 support for a swing entry. Pattern : Falling Wedge typically results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
2