25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder.
This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending.
Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin.
Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum.
Either Bitcoin crash, and all other crypto also crash due to the same environment system.
In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system.
That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano.
Why?
That answer is simple. Leader.
Whoever once control the bitcoin, will control other coins.
Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI.
Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins.
Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end.
Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays.
In my calculation of the century, Cardano once again will visit the key value of $1.550.
Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding.
What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder.
Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene.
We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance.
The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings.
We learn something that even a believer holder once a panic attacked will withdraw their funding.
The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent
For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment.
The success of Cardano is dependant. But Bitcoin is otherwise - undependable
As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins.
Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021.
All the agenda will be revealed one by one.
Zezu Zaza
2048
Cardanoanalysis
ADA updateMy previous analysis was expecting ADA to explode. However, it seems the big players played buy the rumour sell the news. I am now growing less confident in the imminent pump of ADA. To clarify, it is an excellent holding for the next four months. I am talking for short term trades for 2-3 weeks.
Although there are few excellent bullish signs, such as the bullish engulfing below the support (highlighted), the major timeframe is heavily oversold (stoch rsi). I cannot stop heaving that feeling that one last drop is imminent. Bearish signs are many as well. With the short-term indicators getting overbought, the weekly stoch rsi formed a bearish cross on the overbought area, volume very low on the bullish engulfing and mainly a Head n Shoulder in the four h frame. Hence as a precautionary move, I will exit ADA on the next move to the 50VWMA (short term funds). I will re-enter if the diagonal dynamic resistance trendline is violated with an opening and close above it.
Just bear in mind that my final target for ADA is 20 dollars in the next 4 - 5 months, so I am not touching my long-term holdings.
Feel free to share your opinion
ADAUSD We Have A Massive Bull FlagDisclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this.
I just found something very interesting while looking at the daily chart of Cardano - A massive massive bull flag. This will take times to play as I am not here to swing or day trade my asset. A short-term TA of Cardano might not look great and I know many of us are being discouraged at the moment. Thus, I would like to put out this chart to give everyone a zoom-out picture of Cardano. Please note that since Alonzo hard fork happened on September 12th 2021, we have a total of 2,334 smart contracts being deployed on Cardano blockchain. Hodl on to your ADA, we have a very bright future ahead.
Thank you and happy trading!
Cardano- New ATH soon?After the new ATH around 3 at the beginning of September AdaUsd corrected and has had a short-lived spike under 2.4 zone (the old ATH zone)
Bulls quickly took control and reversed losses.
At this moment we are in consolidation phase just above this old ATH
I expect a new leg up from this crypto and 3.5 could be the medium term target
ADA/USDT According to the adx index, the price can go down. The next important support is $ 2.30. $ 1.88.If $ 2.30 support is lost, the price can hit the uptrend line and we will see an uptrend after.Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
Cardano "forkwork"Considering low & high of 27th of August and lower high of 31 August.
I've drawn Schiff pitchfork and extended it with copying similar level, placing from 0.5 levels from main levels
Added a inside pitchfork for additional support and resistance
The area marked with cyan circle 2.950 is a major confluence point
After breakout from this level 3.100 and 3.150 can be target area (1) 3.200 & 3.300 can be trailing targets
Cardano Ada Descending TriangleRange of ada of 2.5$ to 2.9-3$ as of 1d time frame
On intermediate Its forming a descending triangle support of = 2.7$
Two possible ways for further move can be
Illustrated in the picture
A bullish candel with wick on 2.7 lvls
Or breakout of descending trend line retest and enter
ADA ready for $3.20Since August 11th we've continuously created Higher Highs & Higher Lows, even with this large pullback we are still in this Uptrend since we haven't crossed over the previous Higher Low.
If we are able to continue along this Uptrend we may reach $3.20 heading into Thursday afternoon/evening. We've got a lot in the near future for Cardano which I do expect us to continue on this trend heading into September.
On the other hand, we may break the Higher Low & exit this trend which means we could fall too $2.38 followed by a Consolidation phase.
Cardano after breakout effectsAfter breaking 2.500 lvl
Created a double top at 2.960 lvl
It has broken the ascending small trend line
It may consolidate within the yellow box and if breakdown We can see 2.750 lvl & further fall can take support nat 2.6500
Will update after this scenario or if there is a reversal
Cardano Update 22/08/21: $2.45 Target 🎯10% Gain to $2.85Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :)
Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :)
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
CARDANO analysis (🔴-50% or 🟢1500%)Cardano has broken its historic high and is the third largest digital currency with market cap of 80 billion dollars.
Chart and news about this currency show that ADA is good to buy.
Analyzing and defining a target for a chart that has only one main high and low is not easy at all.
But I think the major prices are $37 , $45 and $60 , and October 18 or December 20-27 could also be important dates for this chart.
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'' See the analysis of others, but trade according to your decision. ''
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Cardano ada (ascending head and shoulder)After reaching 2.5 price level
Rsi indicating a drop in momentum, but the price is making higher High,
If the following trend line is taken down
Then 2.2 price lvl we the support and 2.5 as resistance for further trading zone .
The pattern has not yet formed
This is just a interpretation and analysis based technical analysis onli
Will update more if anything ..