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Adausdanalysis

Cardano price holds steady ahead of smart contracts rolloutCardano immediately swung into recovery following the massive dip to $1. The upswing was sharp and consistent but hit a barrier at $1.8, which curtailed the planned strike past $2. ADA had traded all-time high highs around $2.5 in mid-May. In the meantime, the upcoming smart contract token is trading at $1.66. Marginally beneath the prevailing market value, ADA holds onto crucial confluence support at $1.6 created by the 50 Simple Moving Average (SMA) and the 200 SMA on the four-hour chart. Keeping this anchor zone protected is critical for sustaining the uptrend; otherwise, if lost, massive declines would come into the picture, forcing Cardano to explore the rabbit hole back to $1. Cardano's journey to smart contract capability nears the end Input Output Global (IOG), Cardano's developer, has announced the final steps that would lead to the beginning of smart contract support on the platform. A hard fork combinatory event referred to as "Alonzo" will be used to implement the features starting in June and leading to full deployment in September 2021. In addition to the typical smart contracts that require technical knowledge, IOG plans to introduce an app that nearly anyone with an interest in blockchain can use. What next for ADA as the price stabilizes? Cardano is teetering between two key levels; the confluence support at $1.6 and the resistance at $1.8, as highlighted by the 100 SMA. The technical outlook in the four-hour timeframe hints at the trend flipping bearish in the near term. For instance, the Moving Average Convergence Divergence (MACD) has hit a snag in the positive region and appears to be retreating toward the mean line. If the MACD line crosses under the signal line, a sell signal will be triggered. The downtrend has been reinforced by the Relative Strength Index (RSI) correction toward the mean line. However, the support at $1.5 can hold and may see the resumption of the uptrend. If the breakout above $1.8. Trading past this hurdle may trigger massive buy orders as bulls speculate the rise back to $2.5. Cardano intraday levels Spot rate: $1.63 Trend: Short-term bearish bias Volatility: Low Support: 1.6 and $1.4 Resistance: 1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
2
Cardano price technical breakout sets out for 60% rallyCardano had an interesting last week whereby it rose into the fifth spot on the market despite the freefall in price. The staking platform boasts of a market cap of $48 billion and trails immediately behind Binance Coin. The trading last week was gruesome not only for ADA but the entire crypto market. From the recently traded all-time high of $2.5, ADA plummeted to the support at $1.1. However, the downswing appears to have allowed more investors to enter the market at a lower price, explaining the reflex recovery to $1.6. Moreover, a highly bullish pattern is formed on the chart and is likely to bolster Cardano significantly. Cardano bulls focus on sustaining a falling wedge pattern breakout The recovery included the breakout from the falling wedge pattern stalled within a whisker of brushing shoulders with $1.6. Perhaps the overhead pressure came from the resistance at the 200 Simple Moving Average. It is apparent that bulls are fighting to hold at higher support, a move that ensures that buyers the uptrend is not sabotaged. The falling wedge is a highly bullish pattern, with a target at $2.2. Meanwhile, Cardano must bring down the resistance at the 200 SMA on the four-hour chart and close the day above $1.6 to validate the anticipated liftoff. The Moving Average Convergence Divergence (MACD) has a bullish outlook, cementing the prevailing technical picture. Looking at the other side of the picture The Relative Strength Index (RSI) emphasizes the growing overhead pressure following the rejection at $1.6 and the 200 SMA. Its retreat below the midline is a vivid bearish picture that cannot be ignored. Therefore, investors should be prepared for the bearish leg to extend to $1.4 and $1.1 levels, respectively. Cardano intraday levels Spot rate: $1.5 Trend: Short-term bearish bias Volatility: Expanding Support: $1.4 and $1.1 Resistance: The 200 SMA, $1.6 and $1.8
COINBASE:ADAUSDLong
by CoinGape
5
+630% on 45 mins !!! that's why ADA will reach 10$ 🚀🚀ADA REACHED 23 CENTS !! 19 MAY the price was +2$ n went to 23 cents on the same day !! I'm pretty sure this the most coin whales agreed to short it. what we can observe from that:- 1- huge whales shorted from 2$ then closed their short positions n finally they bought tons of ADA. 2- ADA made +630% in minutes cuz they bought a lot. 3- spikes went up after going down cuz they bought first to close their shorting positions. what we can conclude from that:- 1- this is extraordinary cuz that didn't happen even with BTC. 2- when ADA go up from 23 cents then 1.80 again in minutes this mean that whales believe in Cardano n they loaded thousands of bags. 3- a bullish term indicator for the whole market, they know that Cardano wont go less than 1$ again. Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
7
Cardano price pace sets recovery for altcoinsCardano plunged from highs around $2.4 amid the broad-based cryptocurrency declines. The losses extended below $2 before the bulls regained balanced at $1.4. Like Bitcoin, ADA immediately started a reflex recovery where the gap to $2 was almost closed on Thursday. Despite leading altcoins in recovery, Cardano stalled under $2 and, more specifically, at the 50 Simple Moving Average (SMA) on the four-hour chart. A correction ensued, allowing bears to come into play. At the time of writing, ADA is doddering at $1.75 after losing the key support at $1.8, provided by the 50 SMA. Higher support is needed for the bulls to concentrate on recovery fully. However, all is not lost because short-term technical levels appear steady. Cardano rejected at the 50 SMA, but bulls focus on $2.4 The Moving Average Convergence Divergence (MACD) on the four-hour chart has a bullish impulse. For instance, the MACD line (blue) has crossed above the signal line, insinuating that it was time to buy into Cardano. Note that the MACD is a chart overlay indicator tracking the trend of an asset and measuring its momentum. Although it does not suggest whether an asset is overbought or oversold, the MACD helps identify positions to buy the dip or sell the bottom. A confirmed break above the 50 SMA will assist in guaranteeing the journey above $2 and toward the all-time high at $2.4. However, the Relative Strength Index (RSI) has a bearish outlook, hinting at a more extended correction. As the RSI drops under the midline, overhead pressure rises; thus, jeopardizing support levels at $1.6 and $1.4. Cardano intraday levels Spot rate: $1.75 Trend: Bearish Volatility: Low Support: $1.6 and $1.4 Resistance: $1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
2
Very Cheap CARDANO / ADA 3.05 $Bitcoin and Ethereum are falling, the island does not fall. Let's not neglect to collect Fruits that will appear as Peak to Us when Btc and Eth de fall. Get tp. Stop-loss = 1.96 $ There is a high chance of winning. But it is still affected by the rise and fall of bitcoin. When the time comes, no one can afford to pay $ 3 within 4 hours at most. The money entering Cardano is generally fixed inside, the market does not go below a minimum of $ 35 billion Their investors are solid, so they don't take the act of short selling. A coin is not short-selling, it always increases, albeit slowly. I suggest you read my old articles. I don't think it will go below $ 3 in the future, not investment advice. But be careful when buying for the first $ 3 visit. If he enters full bull, his first goal is $ 4, his next target goes up to $ 12-14. Do not forget to take Tp and set your Stop-loss.
Long
by TraderEtc
ADAUSD BUY/LONG NOW READY (Might still do a restest)Hi All, this is an update based on my previous ADA chart release. You can consider re-entering now already. HOWEVER, note that the market could still fall back to 1.27 - 130. AGAIN THE OVERALL is still an uptrend yeap. Technical Analysis 1. Fibonacci Retest to 0.618 (Golden Zone) - Market is bouncing off it already. 2. Retest of Fibonacci Level is also on NEW Horizontal SUPPORT level Consideration: The market could still fall to 1.27-1.30 range so bear in mind. However, overall and long-term still a strong up all the way to at least 2.00 range.
BITFINEX:ADAUSDLong
by traderprosignals
4
ADA - 6h. We expect a test in the range of $1.45-1.5After almost 2 months of torment, buyers managed to take control of $1.45-1.5 . It was from the 4th time that Cardano buyers broke through this liquid zone and continued their journey with an ultimate goal of $2. However, given the nature of the breakdown of this range and the not too vigorous growth of the ADA price, it seems that buyers will have to continue defending the range of $1.45-1.5. If we look at the hourly timeframe , how sellers started their local downward trend, we see a significant increase in sales below the $ 1.7-1.72 range. Buyers' unsuccessful attempt to maintain this local range allowed sellers to hit stop orders that were below $1.58-1.64: Buyers managed to get the price back above this local range, but we do not believe that this local range can become a solid support for the continued growth of ADAUSDT. In addition, we see that the current wave of growth is taking place at low volumes, which indicates a small number of interested buyers in this range. Therefore, our main scenario is the continuation of the fall in the ADAUSD price with the first target at $1.45-1.5. Alternative scenario. If the BTC price breaks the mark of $48600, we think that the ADA price will again return to the wide consolidation zone $0.91-1.5 with the first stop at $1.2 _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
42
Cardano analysis (ada).= 4h chart. = Inside a strong bullish price channel. = Inside his model, and he crossed it to the top.= 4h chart. = Inside a strong bullish price channel. = Inside his model, and he crossed it to the top. ======== = Anticipation: First: buy (strong expectation) To 1.682115--1.793506-1.936225. = Buy will fail if 1.532433 is broken. Second: Selling (poor expectation) = If we break 1.532433, it goes to 1.403637. ======= = Buy personal opinion ======== = Anticipation: First: buy (strong expectation) To 1.682115--1.793506-1.936225. = Buy will fail if 1.532433 is broken. Second: Selling (poor expectation) = If we break 1.532433, it goes to 1.403637. ======= = Buy personal opinion
KRAKEN:ADAUSD
by wmforex
1
ADAUSD in the next 6-12 daysHey guys, so I'm still learning how to use the Phoenix Ascending and the Bad Ass BB indicators by @WyckoffMode Both these indicators are great because they give you, the analyst, tons of information on many different timeframes without taking away your responsibility to interpret the data you are presented. DISCLAIMER: I'm still very bad at using these Indicators, so don't take my predictions as any kind of advice. ADAUSD in the next 6-12 days: The stochastic RSI, the thin yellow and purple lines in the Phoenix indicator, is more sensitive than the regular RSI and thus one can use it to predict what the regular RSI, in this case the green line, might do in the future. When the yellow sRSI is above the purple one, the price action tends to be bullish and when the purple sRSI is above the yellow one the price action tends to be rather bearish. The current 3D candle, from the 4th of May till the 7th of May 2021, seems to be crucial for the near term price action of Cardano. If this 3D candle closes with the yellow sRSI BELOW the purple sRSI, we MIGHT see ADAUSD retrace to the 1.18$ - 1.14$ area. I'm not going to enter any shorts here because this 3D candle can still go either way, but I think the bearish scenario is more likely to occur. Feel free to share your thoughts and ideas in the comments :)
BINANCE:ADAUSD
by ADD03
11
ADA is ready to move to $ 2 and new ATHHello guys, on 11th April in the Bitex group we came to the conclusion that Cardano is ready to start the move from bottom of trend and record new ATH As I said in the account management group, the oscillators are ready to reverse and price go higher and reverse from bottom of ascending triangle and the time and price correction is over, and now it is ready to break the resistance and move to the prices of $ 1.5 to $ 2.6. Buy Step : 1.22~1.30 TP : 1.55 1.82 2.12 2.60 3.0 SL : 0.97
Long
by imanpajand
12
$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
Long
by InvestmentsHub
2
Cardano - more sumer surveys...Cardano has been stabilizing its price since near the end of February, oscillating between the 0.618 Fibonacci ranges and touching 1 a couple of times. Right now the average price with volume marks a lower price (about $ 1.00 approx) although the price is still above, just at another important level (0.786)... What direction do you think the price will take in the next two or three months? Will the move be strong enough to hit level 1 again, above $ 1.50? -- Here there are reflected the most relevant levels to take into account, thank you.
by harribatu