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Adausdlong

ADA/USDTAlways read/ check for update comments as I might change (no Obama) something in the idea. We broke out of a consolidation phase, had a backtest, and broke resistance. The question now is, can we hold support? I am accumulating a short position within the rectangle "building a short position in this rectangle" and attempt to build a leverage position. ADA is currently pure hype and doesn't offer a helpful case as there are superior blockchains(no doubt Charles Hoskinson will pave the way to success, but it's too soon). The BB widens, which means we might continue higher, ranging between the middle and upper bands. There is also the possibility that the BB gap is overextended. Seeing the BB%B (blue highlight) time frame shows us when the BB has widened and corrected. Looking at the MACD, we can potentially identify wealth cycles. The blue highlighted areas suggest a change in trend where a bearish cross occurred. Also, the MACD shows a potential cross in the future. Lastly, we are placing bids in a plausible dead cat bounce zone for a long. I hope you all have a great morning. Please, leave a follow and a like, if you enjoy this analysis check out my other content. Best wishes, HONEYITSGONE! Now that the vital info is over with let me hit you with some facts. Firstly, who even buys ADA, I have been involved with crypto for a few years now, and I don't know anyone who purchases it. Secondly, did they find someone who wants to build on their network yet? lastly, how is the market cap larger than BNB?
Short
by HONEYITSGONE
10
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
A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode. In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout. Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets. 1.272 - $3.19 1.414 - $3.65 1.618 - $4.44 2.272 - $8.29 Good luck and happy trading! Disclaimer: Not financial advice just merely an idea.
KRAKEN:ADAUSDLong
by Bob_Van_Horne
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 1.803 (stop at 1.764) The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A break of bespoke resistance at 1.800, and the move higher is already underway. We look for gains to be extended today. There is no clear indication that the upward move is coming to an end. Broken out of the triangle formation to the upside. Our profit targets will be 1.918 and 1.968 Resistance: 1.800 / 1.850 / 1.900 Support: 1.750 / 1.700 / 1.650
KRAKEN:ADAUSDLong
by Signal_Centre1
3
ADA Prepares To Test All-Time Highs As Speculation Intensifies Cardano explodes over 20% to trade at $1.8, leading altcoins in mid-week recoveries. Development activity on the Cardano network surge ahead of the launch of smart contracts functionality. Cardano breakout has continued to make headlines this week. Data by CoinGecko shows ADA trading 20% in 24 hours, following an announcement that the blockchain network will soon support smart contracts functionality. At the time of writing, ADA is trading at $1.77 amid the push by the bulls to close the day past 1.8. The uptrend has been entirely consistent with Cardano flipping hurdles into formidable support areas. Cardano To Launch Smart Contracts Solutions The CEO of IOHK, Charles Hoskinson, has confirmed that Cardano will soon have smart contracts functionality. According to him, discussions and preparations have been completed, with Friday being the tentative day. However, he cautioned the community on onboarding the exchanges saying that this step will be “the final go-no-go.” We had a lot of discussions with partners and other people, and it looks like we are on track for Friday to announce the date. As the news reverberated across the market, Cardano shot up significantly, extending the breakout from July 22. Many analysts believe that this development will take Cardano to the next level, with the price predicted to hit the all-time of $2.5 within the next week. The short-term technical outlook shows that Cardano has a bullish outlook that continues to support the uptrend. For instance, the Moving Average Convergence Divergence (MACD) indicator still compels buyers to buy into ADA. In addition, a break above the immediate hurdle at $1.8 could bolster Cardano above $2. More buy orders will be triggered above this level, with speculation for gains above $2.5 increase at astronomical margins. It is essential to realize that the Relative Strength Index (RSI) is already overbought. Usually, overbought conditions are challenging to uphold. Hence, a correction is often expected after the RSI hits levels above 70. Currently, the technical index stands at 80, implying that a retreat is possible in the near term. Therefore, it is imperative to be cautious while trading Cardano, at least for now. Cardano Intraday Levels Spot rate: $1.8 Trend: Bullish Volatility: Growing Support: $1.4 and $1.2 Resistance: $1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
1
💡Don't miss the great buy opportunity in ADAUSD @Cardano". There is a possibility of temporary retracement to the suggested support line (1.610). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 81. Take Profits: TP1= @ 1.740 TP2= @ 1.831 TP3= @ 1.949 TP4= @ 2.148 TP5= @ 2.467 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
17
💡Don't miss the great buy opportunity in ADAUSD @Cardano ". There is a possibility of temporary retracement to the suggested support line (1.610). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 81. Take Profits: TP1= @ 1.740 TP2= @ 1.831 TP3= @ 1.949 TP4= @ 2.148 TP5= @ 2.467 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
ADA CARDANO- the Definition of a Buy Stop orderA Buy-Stop order is when you place an order to buy at a higher price (over a resistance). As we had stated on our last ADA CARDANO post, the 1,398$ mark is a hug resistance and it remains as such. Take a look , we were right again In simple words: it might not make too much sense to a beginenr but in many occasions (this one being a great example, the definition) we prefer to buy at a higher price, over the resistance, when we are re-assured that the price is poised for a bigger price tag. Buy Stop orders over this resistance at 1,398 Cardano remains our favorite. the FXPROFESSOR
Long
by FX_Professor
4