Adausdtshort
Cardano- A drop to 1usd next?Since the 3usd ATH, the trend for Cardano is clearly down and after finding support at 1.2 zone, the coin tried to recover some of the losses.
However, the rally from that point was anemic and the break above 1.5 was a false one suggesting the coin is extremely weak.
At this moment AdaUsd is back to 1.2 support and a break is very probable now.
I expect the price to drop at 1usd level in only Ada above 1.4 would put a pause in this scenario
NeutralHello guys, as you can see, Cardano is in an ascending channel, and if it can maintain the channel, and this maintenance is from the current price, it is 200% profit, and if you want to buy more confidently, enter after the downward trend and 140% profit. Earn and the loss limit is stabilized below 0.87
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder.
This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending.
Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin.
Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum.
Either Bitcoin crash, and all other crypto also crash due to the same environment system.
In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system.
That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano.
Why?
That answer is simple. Leader.
Whoever once control the bitcoin, will control other coins.
Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI.
Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins.
Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end.
Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays.
In my calculation of the century, Cardano once again will visit the key value of $1.550.
Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding.
What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder.
Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene.
We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance.
The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings.
We learn something that even a believer holder once a panic attacked will withdraw their funding.
The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent
For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment.
The success of Cardano is dependant. But Bitcoin is otherwise - undependable
As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins.
Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021.
All the agenda will be revealed one by one.
Zezu Zaza
2048
ADA pull back from it's resistance* Cardano is facing a rejection from it's resistance near $2.950. It is now consolidating between it's resistance and a small support around $2.8.
* If the price breaks the support of $2.8 we can see a drop till the below major trend-line.
* RSI bearish divergence also appeared in Cardano including the over bought indication.
* Over bought is considered when the RSI crosses above 70.
ADA (Cardano) Correction StartingCardano has risen quite some and as the price is losing momentum and there is obvious divergence in RSI, getting lower highs as well as price hitting the very top of it's channel, it's very likely that correction is starting and price is gonna retest it's previous resistance and current support which happens to be the same level as FIB 0.5 as well as EMA50 making it a super strong support.
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?
ADAUSDT (Update) Cardano 1D TFAs we can see, the price is close to its Highest High . After breaking this range, the next Targets marked on the chart can be imagined for it.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
Cardano- strongly bearish under 1.5Like a lot of coins, also Cardano is trading at an important juncture.
At this point, AdaUsd is trading just above 1.5 very important support and if bulls can't manage to hold the price above a new wave of selling could bring the price at 1usd.
In my opinion, this will be the case and I'm looking to sell rallies