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ADAUSDTPERP

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 $2
BINANCE:ADAUSDLong
by CoinGape
2
+630% on 45 mins !!! that's why ADA will reach 10$ 🚀🚀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
$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
ADA 12h There will be growth, but a little bit laterSince the previous short-term idea in the ADAUSDT pair worked out our goal from above, it's time to look globally at the picture. Globally, ADAUSD has been in consolidation for the second month, preparing for a breakout. Most likely the breakout will be upwards and the first target from above is around $2 But before that, we would like to ask the market to let us into the long, at least for $1.26 :) Also, global goals for the possible future price of the Cardano token should be spinning in our head, and this is a range of $4.30-5 Global ADA upside correction will begin if sellers push her below $0.97 _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
32
ADA to $1.50 then to the moon 🚀🚀Need the correction to the support at 1.17 or deep correction to 1.11 Failed to cross the strong resistance at 1.23 4 times buy through correction on several prices to get a good average price , maybe it wont touch the strong support area again n fly to the resistance at any time on short term for next hours maybe bearish however on the next days completely bullish I totally recommend not to panic sell at all, however catching more bags at that price will be more profitable Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
1
#ADAUSDT Fractals speak of 46% profit PotentialWelcome to this quick update everyone. ADUSDT Broke out and currently it is testing the resistance turned support line continuously and giving us opportunity to buy in dips. If you remember few weeks back while BTC was under retracement ADA was pumping at that time. Although the market is uncertain it's highly likely that ADA will pump all the way to $1.5 to $1.7 when BTC takes off. Do your own research before investing. ENTRY : $1.02 to $1.13 TARGETS Target 1 : $1.30 Target 2 : $1.42 Target 3 : $1.60 Stop Loss : $0.97 Our previous setup on ETH hit all our targets within 24 hours! Hope this one goes too. Do show your support with your likes and do not forget to share your views and questions in the comment section. #PEACE
Long
by Cryptorphic
9