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Cardana

ADA - LONG TERM - Cardano is a blockchain platform that aims to provide a more secure and scalable infrastructure for the development and deployment of decentralized applications (dApps) and smart contracts. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano distinguishes itself through its rigorous scientific philosophy and commitment to peer-reviewed research. One of the key features of Cardano is its use of a layered architecture, consisting of two main layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is responsible for handling transactions and the transfer of value, similar to Bitcoin's blockchain. On the other hand, the CCL is designed to support smart contracts and dApps, similar to Ethereum's platform. Cardano's development is guided by a research-driven approach, with a focus on academic rigor and formal methods. The platform utilizes the Haskell programming language, known for its strong emphasis on correctness and safety, to implement its protocols. The project is governed by three key organizations: the Cardano Foundation, responsible for overseeing the platform's development and adoption; IOHK (Input Output Hong Kong), the engineering and development firm tasked with building Cardano; and Emurgo, which focuses on driving the adoption of Cardano and supporting commercial ventures built on the platform. Cardano's native cryptocurrency is ADA, which is used to pay for transactions, run smart contracts, and participate in the platform's governance through stake delegation and voting. The platform employs a proof-of-stake (PoS) consensus mechanism called Ouroboros, which aims to achieve scalability, security, and sustainability by allowing ADA holders to participate in the block validation process based on the amount of ADA they hold and are willing to stake. Overall, Cardano aims to address the shortcomings of existing blockchain platforms by offering a scalable, interoperable, and sustainable ecosystem for decentralized applications and smart contracts, driven by scientific research and community governance.
by clasaicrypto
Cardamom H4 chartA simple and plain view to the charts. Technical analysis have been done and back tested for over two years back with a success rate of 100% .Technical details are not available to be shared for a public due continues testing. ( some minor errors accrued in the past due human error/ mistakes , lost concentration while working with charts and without any major effect on the trend predictions). Chart is provided only for educational purpose. I would like to think that continuous price drop going to end up around 0.9 level and set reversal in motion. To my big surprise Cardano moves really smoothly and makes a good progress compare to another crypto currencies. Worth to keep eye on it. Chart going to be updated after reaching key levels. Usually it takes a few times per month. Long Live and Prosper to all crypto traders!
by G-money2022
6
TIME TO BUY ... ?Hold your beers, crypto pioneers. I'm sure you remember this support that took a year to become a resistance. Guess what, we just broke through it in less than 4 hours. I think indicators are clear: the bulls are back. So is it time to buy ? Yes, but buy what ? I didn't put it in the title on purpose. This is not Bitcoin that I think it is time to buy... I would like to show you another chart. The Bitcoin Dominance Chart. We are hitting new highs ... and what happens next ? You know it : an AltCoins cycle. My primary targets ? Good old Ethereum BINANCE:ETHBTC The rocket might not be totally ready yet, but it's seriously getting close, would be a shame to miss it. Fundamentals are also good : the POS comming soon. Cardano BINANCE:ADABTC NEO BINANCE:NEOBTC Neo is literally testing new lows. TLDR; What Bitcoin does now doesn't matter if you're a swing trader, because the opportunity will be the altcoins. Thanks for reading, and I hope you like it. Note: Coming from a passionate hobbyist, this is not a financial advice. INDICATORS USED FREE DAILY BITCOIN STRATEGY (BACKTEST BELOW) ---------------------------------------------------------------------------------------------------------------- My website : blockchainfiesta.com Automated Strategies for TradingView
by cyatophilum
5
ADA / Cardano: WHEN will the downtrend end?!Hi guys, A friend asked me to have a glance at Cardano… He asked “ should I buy this stuff? ” I am just going to list the things I notice in the chart, and things you should be attentive to: 1) There have already been two triangle formations with crucial Fibonacci supports as a triangle basis. Both of them failed in breaking the triangle upward, followed by a further downward move in price. 2) We don’t have many longer term Fibonacci supports left as you can seee – only the blue one at 2323 sat. But, we also have a shorter term support line at 3138 sat, which we just tested for a first time just now on the daily. 3) We are closing in on the end of this third triangle . The question will be once more: “up” or “out” ? With the knowledge that as for now, the bearish momentum is still intact (and remember: don’t bet against the trend or in the cheesy way that TA-ers always say “the trend is your friend”!) 4) Not everything is blood on the chart (well…unless if you have been HODL-ing this one since the top), but: MACD is curling - as slowly as possible though – to a bullish cross . That will be good news someday soon. Moreover, RSI is now in the heavily oversold area! So…we are looking for that bullish cross giving us a first buy signal. We want that to be confirmed by an upward curl in the RSI (let’s get that momentum back up!) 5) We are looking even more at the candle sticks . They are as red as can be for now. Given that this is a Heikin Ashi chart ( see my previous posts on TV for more explanation ), we want to see a doji or spinning top candle first AND a break-out confirmation on that candle (i.e. We want to see some green candles follow the doji / spinning top candle to the extent that the resistance of previous candle sticks gets broken. See example “X” and “Y" in the chart. 6) We want volume! Green volume! We have none for the moment. Only ugly red little bars. Let’s replace those. Conclusion: - We are entering a new zone of truth: up or out of this triangle formation. - Bearish sentiment is still intact for the moment. We are looking for signs of reversal. - Signs of reversal already closing in : RSI is heavily oversold + almost a bullish MACD cross on the daily - Signs of reversal we are still looking for : a doji candle signaling trend reversal, FOLLOWED BY green candle sticks that break the resistance formed by previous red candles + (more simply) break-out of that ugly downward trend channel (as represented by the upper white triangle resistance line). - Lots of green Volume!! - NOTE: this is purely the technical story. If you have important info on the fundamentals that might help us out in a trend reversal (e.g. Partnership announcements, rebranding, etc.) let my friend know in the comments! ;) - No need to start a trade on this one yet. At least not when looking at the daily picture. Be patient, prudent, and with your eyes open :-) (and the short answer - just to bully you I put it in the end - is: stay away for now, it is still too early to make a (purely technically motivated) buy decision). PS: this is by no means intended as formal investment / speculation / gambling advice
by A_Cryptastic_Mind
5