Cardanousd
$ADA - keeping this one simpleAscending wedge again similar to BTC 1D, LTC and DOGE LTF setups from yesterday
Safest entry is buying a retest of the cap of the ascending triangle which is 1.488
If no retest pick up a HL after the deviation level has been claimed, as this confirms bullish market structure
Fundamentally this is a more efficient version of ETH, but at this moment less used
Targets shown on screen, for me mainly the 2.0 at $2 and the measure move at $2.3
Cardano: Breaking Out with Climax Buy VolumeOn April 8th big players stepped in as can be seen on this
chart with the cyan blue colored bar. There was an incredible
amount of volume but the range of the bar was small. This is
known as "high churn".
Price continued to stay above 1.18 and on April 12th a buy climax
volume bar printed (blue bar on chart) with a high of 1.345. Three
buy climax bars followed one of which put in a new all time high.
Four climax bars in a row is a strong indication that we are going to see
higher prices. Somewhere between a 65%-80% chance price will
put in a new high.
April 16th bar was a bullish bar and there is no indication yet that
price is selling off or correcting. Price will have to go below the low
of the April 13th and/or April 12th bar to change the probabilities in
the favor of the sellers and move price back down to support levels
around 1.16 or 1.05.
We'll see what the next bar brings!
Note: I am currently long Cardano and I went long around April 9th.
Peep this ADA Monthly ChartIf you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days.
This Monthly chart is very bullish.
- Over the course of the last 2.5 months we've established strong support between $1.15-$1
- Bear volume has been weak
- Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the public
- Cardano is FULLY DECENTRALIZED as of March 31st
We may range +- $0.10 over the next 2 weeks before having a performing month in May.
However, the Bitcoin chart, on the Monthly, is something you'll want to keep an eye out on.
At some point we will have a pullback month much like in the 2017 cycle. Obviously things are vastly different and given the covid situation anything can happen. However, by tracking BTC, it can give more context on the short term movement within the overall macro trend. So, if BTC has a pullback month in May, expect ADA to do the same.
Additionally, a pullback from BTC would allow it to establish a Monthly support to which we could then measure the possible target of the next leg up on a Monthly chart.
ADA .. Let's go to 2 baby, come on Cardano Cardano, CARDANO!
What a nice coin to have but how many times has it either bored us to death, made us feel like we missed out on other opportunities, or even dipped to support before rising again... I know!
But we want to see the 2$ mark and we might see it now.
so//let's GO Cardano!!!
ps. my last name starts with 'ADA' so maybe I am bit emotionally attached to this project. Don't listen to me, buy something else (kidding you- go buy some ADA now fellows)
FXPROFESSOR
Cardano $ADAUSD Target PTs 2.70-4 and higherCardano (ADA) pierced the $1.48 overhead resistance today and climbed to an intraday high at $1.55. However, the bulls have not been able to sustain the breakout as seen from the long wick on the candlestick.
The bears have pulled the price back into the $1.48 to $1.03 range. They will now try to sink the ADA/USDT pair to the 20-day EMA ($1.24).
If the price rebounds off the 20-day EMA, the bulls may make one more attempt to push the pair above the overhead resistance at $1.55. If they succeed, the pair could rally to $2.
On the contrary, if the bears sink the price below the moving averages, a drop to $1.03 is possible.
ADA heading towards Potential breakout ADA, one of the naughtiest currency, which is always in news and rumours. This obviously adds on to this value. Now ADA has moved into an ascending triangle, with potential breakout by end of April or early May.
Until then there are enough opportunities (SHORT/LONG) for short term traders.
NOTE: These are my personal notes and in no way financial advice. Do you own research and trade wisely
If like my analysis, then dont forget to like and leave your comments
Cardano in Ascending triangle.The price action of Cardano has formed an ascending triangle formation with a break point at $1.40.
Break above $1.40 will lead to a retest of pivot resistance at $1.47 - $1.48.
The trend of higher highs is located in this channel, that can eventually lead to a bull flag is at $1.70.
I am looking to take my profit slightly below $1.70, slightly above 20% profit.
The price of ADA can easily reach $2 and higher, if the price action doesn't get stuck at $1.70.
RSI have buy signal, MACD too. Momentum to be expected soon.
ADA, Cardano - going to ATH and higher🔝Price was in a range of more than 2 weeks. We broke the key level. And we stay in the retest zone now. I entered the position with stop-loss. First target - 1,48$
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Cardano $ADAUSDT PT 1.45 and higherCardano Has One Big Edge Over Other Cryptos, Says Coin Bureau
The pseudonymous host of Coin Bureau is sharing his thoughts on some of the advantages Cardano has in the race to beat out Ethereum as the top smart contract platform.
In a new video in which the analyst known as Guy reveals his top crypto holdings, he tells his 653,000 subscribers that Cardano (ADA) comprises just under 8% of his portfolio.
Guy started allocating to Cardano last summer when the asset was just above $0.08. ADA is trading at $1.27 at time of writing, up 3,724% on the year.
The Coin Bureau host explains that he’s invested in Cardano as a hedge in the event that Ethereum is unable to live up to its name as the number one blockchain platform.
Cardano announced earlier this week that smart contracts would be up and running this August, theoretically putting it in second place next to Ethereum among blockchains, notes Guy.
“Like Polkadot (DOT), I see Cardano primarily as a hedge in case anything goes wrong with Ethereum… I am a huge fan of Cardano’s peer review approach to research and development.
I have a feeling that Cardano will be running smart contracts much sooner than Polkadot which would theoretically make it the next runner up to Ethereum.”
Guy adds that although there is not a hive of developers expressing interest in developing on the Cardano blockchain, the Cardano community is strong and a majority of ADA tokens on the market are locked up in liquidity pools, meaning that they cannot currently be sold on the open market.
“The problem is Cardano doesn’t have nearly as many developers itching to work on its blockchain as Polkadot. More importantly, Cardano isn’t able to test smart contract functionality in a real-world setting the same way Polkadot can with Kusama (KSM).
One big edge that Cardano has over Polkadot, and most other cryptocurrencies, is the size and engagement of the Cardano community. Some of my most viewed videos are about Cardano, and Charles Hoskinson’s YouTube channel seems to be growing even faster than mine.
More than 60% of all ADA in circulation is also being staked in nearly 2,500 staking pools. Cardano may not have as many dApps waiting to deploy as Polkakdot, but it probably has millions of people waiting to use them.”
ADA in Next Few Hours !I can see the ADA will trying to Break the Resistance Zone (1.34) again in the next few hours
-You can scalp on it right now and take the profit from it's price right now to (1.34)
OR
- You can wait till it reach the Resistance and close a candle from their, it's signal to buy cuz the price will blowup to 1.41
Personally i am holding 50% of my Capital in ADA from now to ATH and scalping with other 30 % + 20 %
i could make a video on this way if their is anyone who is interested
what do you think guys ?
ADA/USD Pattern nearing completion ADA/USD is approaching the end of a pattern. Buying at bottom of support with a tight stop loss or for a safer bet buy at confirmation of breakout. We should see a larger move very soon. If breaks up my target is marked around the $5 area.
Disclaimer: This is not financial advice as I am not a professional. Trade at your own risk. Happy Trading!
ADA- Patience and High ExpectationsCardano has been quiet.
Yes, it does make us feel like we are missing out on other opportunities...but that's ok we can wait
The problem is that we get no news on new deals/ no big news is actually a problem for ADA (and for us who hold it as well)
So, personally I am slightly going lighter on ADA this month but I do still hold on to what I have. After all we have taken plenty of profits from 0,25 until now...
Positive detail: 1.45 resistance will be tested when it will be tested for a THIRD time..THIRD TIMES tend to have increased chances to break over.
the FXPROFESSOR
ADA recovers from the short crash, Shows highly bullish signsADA, which was consolidating for the past couple of weeks, made a call up; only to fall back to it's old point shortly after the market cap went down by 5%. You might be wondering would ADA be able to recover from the blow...
and guess what? it is!!!
ADA almost makes a golden cross in the hourly, also keeping it within the 40-60s range in the RSI; showing a highly bullish sign. Best time to buy now and trade within the next couple of weeks, or hodl until the end of the bull run.
What do you think will be the price of ADA this month? comment down below!