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Cardano

Cardano at a critical pointI gave a pretty vague outlook on Cardano the other day so I figure I should probably fess up a bit and let you all know exactly how I feel about it. Right now, it looks like we're in an inverted head and shoulder pattern. It looks like it wants to explode out of here and o straight for the target which is $0.75 but not so fast. Lets discuss a few things here. First, do you actually know how to trade a head and shoulders pattern? Pattern trading can be pretty decent as long as you do it right. Ideally, we'll break out of the current pattern and do a nice solid retest of the neckline. Your stop loss should be the low of the right shoulder and your target should be 100% of the size of the head to the neckline. That puts us at right below 75 cents. To compare, ADA is trading at 40 cents now. That's a pretty good reward, but what is the risk? Currently a 13% risk. That's not insignificant. Play your cards right and you'll be okay but don't do anything dumb. Wait for a breakout and get a retest of this level we're at now (around 40 cents) and you'll be ok. Just keep that stop loss to make sure you survive another day.
Long
by bitdoctor
4
LUNA LUNC USTC Poised to BreakoutWhile analyzing any crypto its important to see its use cases and potential growth factors. LUNA is consolidating for long period now and half of the supply is locked for a long period + starting from next month expect 25% supply to be locked due to alliance module release. For more details see there twitter about alliance module etc. Feather is also launching next month which is like launching your own blockchain in minutes as LUNA will be providing you all infrastructure in a one go for details check their website. As there is little bad reputation attach to it in past and now. To make it successful by any means is the only way to survive otherwise gameover. Expect it to rally very soon. Little percentage of the crypto portfolio could yield you unimaginable gains or little profit. To survive expect big big LUNA rally One of the key features of the Terra network is its support for decentralized applications (dApps). dApps are applications that run on a blockchain and are not controlled by any central authority. The Terra network provides a platform for developers to build dApps that can provide financial services to users, such as lending, borrowing, and remittances. By providing a platform for dApps, Terra aims to increase access to financial services and bring more people into the global economy. 100s of more dapps and many services are in pipeline expect there release in middle of next month which would lay the foundation of LUNA back to its throne where it left. In conclusion, the technical analysis and fundamental analysis of LUNA suggests that the asset may have strong potential for future price growth. The MACD indicator indicates a potential bullish trend. Additionally, the increasing adoption of DeFi platforms and the growth of the Terra network may also drive the demand for LUNA. $LUNAUSDT #LUNC #crypto #bitcoin #USTC #cardano #binance #gold #dji Want to take risk for unimaginable gains or want to leave its totally up to you.
LLong
by qasimsaleem
2
Astroswap a sleeping giant for 2025 bullrunAstroswap is a decentralized exchange on top of the Velas blockchain. Astro will eventually migrate to the Cardano (ADA) protocol in the near future at some point. As you can see by the trendlines from the previous price action we have three key prices to target; $0.048, $0.22, and the all-time high of $0.52. Coincidentally this $0.52 sits right at the high of the beam bands. Could Astroswap move back to its all-time high? Well, once they migrate over to the Cardano network it will be interesting to test this theory. Only time will tell but before this milestone is achieved we need to break through these two trendlines first and then we challenge the all-time high.
Long
by altcoinb
1
Cardano has rallied to the $0.42 resistanceAfter a good rally starting from the $0.25 support area with buying pressure, Cardano has rallied to the $0.42 resistance, and since this resistance is on a weekly time frame, reactions have been seen in this range. Several important resistance support areas are considered for Cardano, and due to the bullishness of the ADA daily trend, the resistance is more likely to be broken. The closest support to the current price is considered to be in the $0.375-$0.387 range, which has seen a good positive reaction at this level in the last two days. Cardano's trend is also bullish in the 4-hour timeframe because it has maintained this support level. This bullish trend will not turn bearish as long as it holds the support of the $0.340-$0.350 range. If favorable conditions in the market continue and break this level, the next target will be in the range of $0.50.
by MonoCoinSignal
2
✴️ Cardano 244%-350% Potential Exposed!ADAUSDT, Cardano, hit its highest level today in months while at the same time confirmed EMA10 as support on the weekly timeframe. Everything we've seen since the start of January is only the recovery from the stop-loss hunt event in late December... The bullish wave is yet to happen. Let's not mistake the trees for the forest. This is why there will be euphoria across the cryptocurrency market in a matter of weeks... But it will last long enough for everybody to profit. The easy target is 44% while we already have lots of growth which is the recovery I just mentioned. Then we have 130% at around 0.95 and the mid-term potential is set at 240% or 1.39... There can be more but the whole thing is just starting and so we are conservative to start. We can expand and adapt once the market really starts to move. Namaste.
Long
by AlanSantana
7
Cardano - Is ADA heading to $10 or $0.10?Taking a close look here and through the duration of 2022, the white wave on the daily wavemaster has been oversold ever since about April. This is the most bullish it has looked in a year. Watching the green/yellow/red, things are still pointing up but not for much longer. Give it another 2 weeks or so and we'll get a decision. Until then, lets look at some key horizontals. Right now, we're at the resistance from January 2021 around 40 cents. That's right around where we are now. Having some discussions with others online, I adamantly pleaded with people to be a buyer below 30 cents and to buy more at 25 cents. Well, here we are. ADA has risen 56% from there and only now you're interested. This is a reason why I am being very picky with what I would like to buy. Right now, Cardano is not a net new buy but rather I'm watching for a profit take area. It's quite interesting that we've seen a great reaction off the 50% internal retracement from the March 2020 low to the August 2021 high. The target for that kind of a bounce is around $10 if we go to new highs but I am skeptical at the moment. Sure, more upside is likely, but I'd be more interested if we dropped to the golden zone instead. The perfect path would be for Cardano to go to roughly $1, then return to about $0.10-0.15 before making that move to $10.
Long
by bitdoctor
3
ADA: Approaching ResistanceCardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern with robust volume, price has completed a trend reversal and reached our target $0.40 horizontal resistance zone (also 200-day moving average). Wait for price to either 1) break above $0.40 to resume uptrend, or 2) pull back near $0.30 support for a swing entry. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, which it broke, then $0.50.
Long
by altFINS
1
#Cardano Breaks Above $0.40 as Trend ShiftsPast Performance of Cardano Cardano is firm, printing higher after finding support on February 14. There are hints of strengths as buyers look to build on recent gains. ADA prices broke above the recent $0.05 range turning the previous upper limit at $0.40 to support, reading from the formation in the daily chart. For bulls to sustain this, today’s close must be above the recent range, building the foundation for even more gains going forward. #Cardano Technical Analysis The cardano trend remains bullish. Despite the blip of February, the rejection of lower prices is massive for buyers. Therefore, as it is, ADA must build on recent gains, and strive to float above $0.40 to validate the breakout formation of February 15 and confirm buyers of last month. Notice that the February 14 bar has significantly higher trading volumes than that of February 9. Also, losses have been reversed. Aggressive traders can, therefore, search for entries on dips, ramping up with targets at $0.50. This preview will only be nullified if ADA bears flow back, pushing prices below $0.40 with higher participation levels. What to Expect from #ADA? Cardano traders are confident. The rejection of lower prices indicates strength. However, this will be confirmed if ADA prices stay above $0.40 by today’s close. In that case, ADA may rally to $0.50, or better, in a bullish continuation formation. Resistance level to watch out for: $0.50 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ADAUSDT: The Starting Point of a Bull Run to 0.4600?Hello, Fellow Cardano Trader and Investor! Price Action Analysis ADAUSDT is breaking out of the daily bearish trendline. On the H4 Timeframe, ADAUSDT has broken out of the Descending Broadening Wedge Pattern with an impulsive candlestick (Marubozu). MACD indicator also made a golden cross, signifying a possible upside movement to the target area. Other Technical Drives and Fundamental Drives a. U.S. Dollar Bearish Bias Still Prevails! b. Potential Slower pace of Interest Rate Hike in the future All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ADAUSDT" *Support the channel by smashing the like button and follow for more content!"
Long
by financialfreedomgoals101
6
Cardano At The Top | Short OpportunityDue to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness. I took a short position one hour ago (10x) and I will keep this position for the next few hours. This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance. My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today. Trade carefully. Also, feel free to check out my bio for my crypto trades. Cheers, ARESABI
Short
by Anton_XBT
1
🔥THE SUPPORT AREAS HOLD CARDANO: LET'S OPEN TRADE WITH +50%❗🔥Hi, friends! Cardano is not on the hype now, so it's time to take a closer look at it, because the price is usually pumping after the low attention level. Where we can open a long to make easy 30-50%? This idea is exactly about it. The price breaks the wedge down, which is a common thing in the crypto market. Now the price test the 3rd value area as the resistance and fall to the 2nd support areas. 📊 MY TRADING PLAN FOR ADA: 1. test the first value area at $0.34-0.35 as the support 2. huge buy limits and purchases of ADA at DOM and Footprint scalping tools. Always use these to track 3. bullish BTC 🚩 The second value area can also become the support if the price will finally falls there with BTC correction. ✅ MY TARGETS FOR ADA: 🔥 $0.437 - the key level 🔥 $0.5 - the key level and even number 🚩 Friends, do you pay attention to the regulation FUD around PoS altcoins such as ADA, ETH etc.? It means that PoS coins can dump so much and PoW (mining coins) pump, if strong regulation begins. Write your thoughts about it in the comments! 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
✳️ ADABTC 300%-400% Potential 8X Lev.This is the last one that I didn't mention last time but went live with... ADAH23 or ADABTC. We are being conservative with the targets... It can always grow more but with lev., it isn't necessary to hold that long. We can get in and get out, get in and get out. Remember to do your own research. Leveraged trading is high risk and can incur full capital loss in the form of a liquidation. If you can't take a loss, then trading is not for you. Some trades are winners others are losers, that's just how things work. The goal is to learn how to play the market to reach the finish line with positive results. Potential can reach from 300% to 400% with 8X lev. depending on your final target. Thanks a lot for the amazing and continued support. Namaste.
Long
by AlanSantana
2
Cardano (ADA): weakness is holdingA positive market sentiment from the beginning of this year has slowed down a bit during the previous week, influenced primarily by the SEC`s moves toward the staking crypto products. A call from SEC Chair Gensler to crypto businesses is to follow regulation on all products with “lend, yield or earn” words and register them with the SEC. During the previous few weeks, ADA made progress toward the $0.40 resistance line, however, during the previous week, the coin reverted a bit to the downside and level of $0.36, where the coin is finishing the week. The RSI indicator was pushed to the down side and below the level of 50, reaching 47, which might be an indication that the market is slowly starting to look at the oversold side. Moving averages of 50 and 200 days continue to slowly converge toward each other, with still some distance between the lines, in which sense, the potential cross is still on a longer road. Moves from the previous week are just small market corrections. Current charts are still not clearly pointing that the $0.40 resistance has lost its momentum. Support line at $0.35 might be tested during the week ahead, but there is no indication on charts that this line might be breached to the downside. On the opposite side, resistance at $0.40 might easily be tested again.
COINBASE:ADAUSD
by XBTFX
Cardano (ADA) EXIT alert ! 15% profit#ADA /USD TA Update:- $ADA currently trading at $0.367 Our CTT (Coinlion Trend Trader) told us to exit ADA at $0.36 which is currently trading above the 50EMA. Cardano did not break out the descending channel as expecting. So we follow the indicator and took a 15% profit (entry at 0.29$ on Monday 09th of January) Entry : 0.29$ Exit : 0.36$ Let's see if ADA decide to break out around 0.40$, if it's the case, next possible target will be at 1.10$ with a 179% profit. What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me when to go short or long, when to exit and when to take profit. Thank you.
BITFINEX:ADAUSD
by Coinlion_TT
2