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Cardano (ADA) - August 24Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ADAUSD 1W Chart) If the price holds above the 0.91799726 point, we expect the uptrend to continue. If the price is maintained above the 1.31605953-1.39796354 range, it is expected to create a new wave. (The current price is above the point or zone described above. Therefore, the point or section described above becomes a Stop Loss point or section from a mid- to long-term investment perspective. Also, if the price falls and the point described above is supported near the zone, it is a point or zone where you can buy. I can't keep posting detailed explanations like this, so if you can make an analogy by looking at the posts and charts posted by analysts and guessing backwards, you're a very wealthy trader.) (1D chart) We need to see if we can get support by rising above the 2.96779392 point. If it goes down, we should watch to see if it consolidates on the 2.64691820-2.96779392 section. If it falls in the 2.48648034-2.64691820 section, there is a possibility that it will fall below the 2.00516676 point, so you should think about how to respond. If it rises above the 2.96779392 point, it is expected that the direction will be determined again in the section 3.28866965-3.44910751. ------------------------------------- (ADABTC 1W chart) If the price is maintained above the 1593 satoshi-1944 satoshi range, it is expected that the upward trend will continue. If the price is maintained above the 2982 Satoshi point, it is expected to create a new wave. (1D chart) It is necessary to check whether support can be obtained in the 5743 Satoshi-6099 Satoshi section. The 5743 Satoshi-6099 Satoshi section is the section that determines the direction. If it goes down from the 5743 satoshi point, you should see support in the 4412 satoshi-5049 satoshi range. If it falls from the previous high section, 4412 Satoshi-5049 Satoshi section, I think it is highly likely to touch the 3251 Satoshi-3607 Satoshi section. Accordingly, you should think about how to respond. The 2147 Satoshi-2982 Satoshi section is an important volume profile section. A decline in this section is expected to turn into a downtrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:ADAUSD
by readCrypto
2
ADA - Amazing BreakoutADA has finally started the bullish run we've been waiting for. Breakout is confirmed and made the ATH area a good local support. There's strong resistance around $3.5 I don't day trade ADA and I don't think right now is a good idea for opening long or short positions. But if you're holding, keep holding. Right now all platforms are showing strong buy volumes and high demands. I'll keep this chart updated. Use this chart as your trade setup for now. Current Market Price: $2.95 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
28
BTC/USD | ADA/BTC | All-time-high's; Fundamental Analysis As the increase continues, the price of bitcoin (BTC) has climbed to above $50,000. Cardano (ADA) has maintained its record-breaking performance. The $3,500 level is a target for Ethereum (ETH). The cryptocurrency sector has continued to experience increases in recent weeks after adding another $100 billion to its market value over the weekend. In the rise, Bitcoin outperformed Ethereum, while a plethora of alt-coins experienced substantial single-digit gains, extending their recovery from multi-week lows. In the climb, Bitcoin was the only cryptocurrency that outperformed Ethereum. The news that PayPal will introduce a cryptocurrency component to its app, allowing users to trade a few cryptocurrencies, has added to the market's upbeat attitude. The alt-coin surge has returned, and Bitcoin and Ethereum are on the brink of hitting new multi-week highs. Bitcoin broke over recently tested barrier over the weekend, and the cryptocurrency is now on what seems to be an orderly rise, which is rarely associated with the volatile cryptocurrency industry. The 61.8 percent Fibonacci Retracement is just over $51,100 after that, and the mid-May double-top at about $59,500 is in sight. The 20-day simple moving average is about to cross above the 200-day simple moving average, showing that the market is bullish. Cardano has kept its position as the third-largest cryptocurrency by market capitalization ($91 billion) and has established a series of new milestones. The absence of technical resistance levels on the charts may make investors to think that the big numbers at $3 and $4 are early resistance levels, but with the current interest in the currency, these levels may become meaningless. Buyers continue to have sway over the market for the time being. Although Ethereum is now testing recent resistance around $3,340, price movement remains positive, with a confirmed breach opening the door to multi-month highs. The ascending channel's barrier is currently around $3,470/$3,480, and if Ethereum can re-enter and respect this channel, it is likely that it will see more gains. The CCI indicator indicates ETH is on the brink of hitting overbought levels, with all three simple moving averages remaining in positive territory.
BITSTAMP:BTCUSDLong
by SteadyTradeAI
Simplifying ADA | Cardano Analyses This is a long term ta for ADA, although i dont like ADA as much, also i considered this as a shitcoin but now it has chance to prove me wrong. ADA has built up extreme bullish momentum and this is because of their news of releasing smart contracts in early september. As of how effective will be their smart contracts, for that we will have to wait but Till the September, I expect it to continue bullish price action, regardless of bitcoin movement. Cheers 🥂 If you have any doubt or feedback please comment below
BINANCE:ADAUSD.PLong
by abhinxx
When to buy back into Cardano?Cardano has show great strengh in price since 20/21 july. Almost a gain of 148%! I didn't expect such a rise in price tough. Totally missed it cause i was more focused on other crypto's. It seems obvious that Cardano is working hard to strenthen there fundaments of their blockchain platform by making it more future proof. I understand that a lot of people want to buy in Cardano right now. However i woudn't recommed it for the short term. After every rapid rise of price, their comes a downside. Also Bitcoin has gained these days and is reaching important support levels. I people want to buy Cardano wait for the price to go down and try to enter at a lower price. In the chart i've highlighted three buy zones. The lower the buy-zone how bigger the chances of a big bounce to the upside will be. The first buy-zone is around $ 1.88. The second buy-zone is arond $1.6 because thats the support of the a previouw tradingrange which lasted almost 6 months... The third buy-zone is arond $ 1 - $ 1.12 which i think should be a no brainer for an entry. So ... I expect soms downside momentum of Cardano as the price has gained so much already. So a short position would be smarter in my opinion. Also Bitcoin is leaning towards important resistence which could lead to downside momentum for altcoin also. The buyzones indicated in the chart could help by finding a new entry after a retrancement in price of Cardano.
BINANCE:ADAUSDShort
by finaboyy
2
Cardano ADAUSD - Road to 30 USD! Elliott Wave + 1000% gains!- Cardano is currently breaking out to new ALL TIME HIGHS! - On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs. - Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish. - We will experience an acceleration to the upside in a few days! - Profit target is 0.618 FIB extension, which is around 30 USD - 1000%. - Cardano made a huge rounding bottom or cup and handle on the weekly time frame. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, we are currently at the 5th impulse elliott wave! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:ADAUSDLong
by UnknownUnicorn2537518
19
🔹CARDANO, We Have smashed the ATH 💙Cardano kai ksero pswmi! which translates to 'Cardano and bread' in Greek. It's something that we say when we like too much. An exaggeration. In this case I am not exaggerating, I told you guys EXACTLY when to buy (buy stop over resistance), EXACTLY what the levels were (and that's EXACTLY the levels the price would test and break) and also EXACTLY when we will go to new all time highs. Now I will tell you were I think this is going. It's on my chart, take a look, above 5$ for the next 10 months. Yes, I am EXACTLY VERY HAPPY. Thank you the FXPROFESSOR
Long
by FX_Professor
15
ADA - Breakout or Fakeout?... And it finally broke out. I'm waiting to see if this will get confirmed since I'm really excited about it. Waiting until the next 4H - 1D and 1W candles close above ATH area. I've shown our next resistance stops for you in case a bullish pattern forms here. Bollinger is showing that Cardano's market is now strong and also I'm looking at different platforms and all I can see is "Strong Buy" volumes all over the place. So I'm feeling good about this and don't think it was a fakeout. WE MIGHT SEE SMALL CORRECTION, Don't panic. (breakout isn't confirmed yet) Current Market Price: $2.5543 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
4
📡HOUSTON - CARDAaaaaaano 🛸🛰️Lift off is happening. You had been worn. Next resistance at 2,44 can be smashed if BTC helps and keeps resisting and rising. There is no secret ADA, I love you. News: Bitcoin and Ethereum Struggle While Cardano Rallies Above USD 2. Bitcoin price started a downside correction below the USD 45,500 support. BTC even broke the USD 45,000 level and extended its decline. It is currently (04:00 UTC) trading well below USD 45,000, and it could extend losses below USD 44,000. Crypto analyst and influencer Elliot Wainman is shining a spotlight on a handful of altcoins that he believes are ready to erupt in the coming weeks as the entire crypto market continues to rebound and Bitcoin floats within the $47,000 range. In a new strategy session, Wainman tells his 347,000 YouTube subscribers that Ethereum (ETH) will likely continue to rally, as it hasn’t come close to the previous high it had reached before the May crash. Wainman notes that as Ethereum gets closer to achieving a proof-of-stake consensus mechanism and as it continues to implement its EIP-1559 upgrade, the asset will undergo a massive supply shock. Let's Go , ADA! the FXPROFESSOR
Long
by FX_Professor
5
ADA - All Time HighADA (Cardano) is retesting the main resistance here as you've noticed. But this time, way stronger than before. Last time we entered this zone, we experienced a correction season and everything started collapsing. Now there are no corrections anymore so we might see a good breakout. As you can see the prices for ADA are consolidating in a good range of resistance which is building up enough volume for a good retest. I personally don't trade ADA, I just hold them as a long term investment. So this chart isn't a daily chart for your trade setups. Just seeing how this coin is behaving in the past few months. I'll keep this one updated too if anything important happened. Keep holding. Current Market Price: $2.0885 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
11
ADA Bulls Aggressively Battle For All-Time High AT $2.5 Cardano price extends recoil from recent support at $1.92, coming face to face with the stubborn hurdle at $2.2. The MACD is about to flip massively bullish, triggering gains to the record high at $2.5. IntoTheBlock’s IOMAP model reveals immense resistance ahead of ADA, likely to hinder the recovery. Cardano is trading in the green toward the end of the Asian session on Thursday. This bullish outlook appeared after ADA embraced support around $1.92 following a correction from the recently traded three-month high roughly at $2.25. Meanwhile, the newest smart contract token is exchanging at $2.08 after the uptrend faltered at $2.2. The seller congestion at this level has remained intact, challenging recovery attempts that are eyeing the all-time high near $2.5. Cardano Price Is Bullish But Resistance Galore The short-term technical picture appears to have flipped bullish as ADA lifted from $1.92. According to the four-hour chart, the Moving Average Convergence Divergence (MACD) indicator would present a buy signal in the nearest future if not for the barrier at $2.2. The bulls must keep the price above $2, a move that could ensure market stability and increase the chances of the MACD turning bullish. In the meantime, holding above the mean line favors the bulls, but the 12-day EMA must cross above the 26-day EMA to validate the recovery and give bulls a boost to crack the barrier at $2.2. Trading above this level may trigger more buy orders as speculation mounts for gains to $2.5. Investor interest is expected to shoot up, especially after Cardano’s Alonzo network upgrade. Looking At The Other Side Of The Picture IntoTheBlock’s IOMAP on-chain metric highlights a massive resistance that may sabotage the expected upswing at $2.17. Around 61,000 addresses previously bought 1.1 billion ADA in this area and may wish to break even as the price rises, dampening the bullish pressure. On the downside, relatively strong support is provided for Cardano at $1.97. As long as ADA holds above this level, corrections will be mitigated, allowing bulls to forge another way to $2.5.
BINANCE:ADAUSDLong
by CoinGape
🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite. As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork Oh! and some news about Binance: cointelegraph.com One Love, the FXPROFESSOR
Long
by FX_Professor
12
ADA/BTC consolidating with a bull flagBINANCE:ADABTC has performed amazingly this past few days running up to the Alonzo hard fork. Potential for more upside to come. BINANCE:ADABTC is currently forming a beautiful bull flag on a 1hr to 6hr timeframe. Bull flags are continuation patterns and therefore this can lead to more upside. BINANCE:ADABTC is currently holding the 0.618 fib retracement level. If this does not hold on a higher timeframe like the 6hr to daily then consider this trend reversal and close longs. For leveraged trades setups: Entry: 0.00004106 to 0.00004467 (Average in) Take Profits 1: 0.00005045 Take Profits 2: 0.00006114 Take Profits 3: 0.00006336 - 1.618 fib extension target Stop loss: If the 0.168 does not hold on a higher timeframe like the 6hr to daily then consider this trend reversal and close longs.
Long
by TraderMagz