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Cardano

Cardano traders can expect a bullish weekThe price of Cardano has fallen by 12.2% over the past week, trading at $0.361 at the time of writing. Although the 4-hour and 1-hour market structures were bearish, Cardano buyers have been presented with a buying opportunity, as a bullish reversal could occur after the cryptocurrency retraces into a zone of demand. The $0.345-$0.36 is a region where bulls can begin to reverse the prices, and the evidence from the indicators suggest that Cardano could recover and push toward $0.41 over the next week, with a drop below $0.345 invalidating this idea.
Long
by Skypersia
3
Cardano - BTC Dominance Drops: ALTS RALLYHi Traders, Investors and Speculators of the Chart📈📉 Cardano looks like it's gearing up for a big move; currently consolidating under the resistance zone just like back in 2021 (which is bullish ). Apart from this Fractal that played out two years ago over the same period; I'm expecting altcoins to shine as BTC takes a breather. We can see that BTC dominance is dropping, meaning alts will have a chance to rally: Here's an update on Ethereum, also looking bullish : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
37
Cardano's short-term uptrend line brokeThe selling pressure created in the market caused Cardano's short-term uptrend line to be broken in the first stage, and this support was also broken in the second stage when the price reached the bottom of the channel. Cardano's price is in the range of $0.365 and moving towards lower support levels in the range of $0.340-0.350 and the range of $0.317-0.330. Support is considered in the $0.300-$0.308 area. So this week, you can keep an eye on the first support and the $0.300 range support.
by MonoCoinSignal
1
Midnight: A new privacy and data protection protocol on CardanoProtecting personal data has long been debated in the crypto community. The Midnight protocol, powered by Cardano, will create new conditions for online interaction. It can grant access to regulators while maintaining user privacy. Midnight: A new privacy and data protection protocol on Cardano With the advent of Web2, it became possible to create social networks where people can freely communicate and share information. But these platforms are owned by centralized companies, which can expose users to restrictions or surveillance, and confidential information and personal data can be "leaked" to the network. Web3 can create an environment without censorship or control over user data. But the implementation of decentralized projects either reveals too much information about users or leads to an overly closed system. Here's the dilemma: by making payments on the Internet using cryptocurrencies, users can thus remain anonymous by not providing their personal data to third parties. On the other hand, the more anonymous the digital process is, the more negatively the regulatory authorities treat it due to lack of control. And to solve this dilemma, IOG is set to launch a new platform called Midnight. Midnight is a blockchain that helps protect personal and commercially sensitive data. Such a solution will be fundamentally new in online interaction: users can decide what information they want to disclose. Midnight will operate as a sidechain on the Cardano blockchain and inherit its security and decentralization.This will significantly expand the usefulness of Cardano, as it will be possible to create an extensive network with secure data. The platform will enable commercial companies to exchange critical information directly with each other. For example, they can transfer financial data without fear of leaks or disclosing confidential information. And private users will be able to safely share their personal data on the Internet and not be afraid that they will be misused. Midnight will make it easier for developers to create smart contracts than ever before. In this case, you can use various popular programming languages, starting with Typescript. Charles Hoskinson, the founder of Cardano, explained the paradox of having a privacy law and a disclosure law at the same time: "Every time you engage in a regulated business, there’s a privacy requirement because a regulated business requires you to give away some personally identifiable information and there’s a privacy law on the other side that says you have to keep it secret. The problem is, if you try to do that in a blockchain setting, your private information becomes public to everybody." Midnight solves this problem with several new features. An important component will be private smart contracts to help ensure regulatory compliance. Another feature would be that blockchain relies on zero-knowledge proof. It is a form of encryption and transaction verification that allows one party to prove to another that they know something without revealing the information itself. To put it very simply, it can be explained as follows: Imagine a cave where there is one entrance, which is divided into two paths: A and B. These two paths are connected by a closed door with a code phrase. Bob wants to check if Alice knows the code for the door. But Alice wants to keep the code from Bob. To do this, they make a check: Bob is standing outside the cave, and Alice goes inside and takes one of two paths, and Bob needs to know which one. Next, Bob asks Alice to come back using one of the paths chosen at random. If Alice took path A, and Bob asked to exit using path B, then Alice must open the door using the passphrase. This way, she will prove that she knows it without revealing the phrase itself. Simply put, a platform can provide access to regulators while maintaining user privacy. Midnight is currently in development. It is worth noting that the new blockchain will have its own DUST security token, and with the help of anonymous smart contracts, the level of privacy will be transferred to the user's hands. And according to Charles Hoskinson, Midnight will replace existing confidential coins, such as Zcash and Monero. In conclusion, Midnight is vital to Cardano's global goal of creating secure blockchain technologies. This protocol aims to solve one of the main problems in the crypto community that worries many users. This again proves that the developers remain true to their philosophy and values: making a product for people while preserving their rights and freedoms. "Midnight – designed for developers, built for humanity."
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by SpaceFinance
1
ADAETH - Is Cardano Strong or Ethereum Weak Right Now?Cardano's just broken out of it's descending channel again, the first time this happened a few months back we pretty quickly returned back within and continued ranging; there's been a few wicks out since then but nothing dramatic or significant. But now we have a fresh breakout and so far it doesn't look like it's being rejected - this could mean gains up to the next level of resistance at almost 10% above the current price. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
12
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 across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
Are Cardano whales gearing up for ADA price recovery rally?Large wallet investors in the Cardano network have boosted their participation in the altcoin. Since the FTX exchange crash, whale and shark addresses owning 10,000 to 10 million ADA have scooped up a greater volume of Cardano. Based on on-chain measures and whale activity, the outlook for the ADA price is optimistic. Cardano whales are positive on ADA, as evidenced by an increase in activity. With the FTX exchange failure in November 2022, the Cardano network's major wallet investors have bought up significant sums of ADA currency. According to Santiment statistics, there is a surge in the volume of ADA held by sharks and whales who own between 10,000 and 10 million Cardano tokens. During November 2022, whales have purchased 659.53 million ADA tokens worth almost $235.5 million. Because huge wallet investors are major Cardano stakeholders, this turnaround is regarded positive for the Ethereum-killer altcoin. Why is it a good time to acquire ADA given Cardano's track record? Traders typically purchase a cryptocurrency when its price is low. Cardano has yet to regain the $0.41 level from February 4 due to a recent four-week market decline. Because the altcoin is selling at less than half its price in 2022, there is less risk in purchasing ADA today vs an average point in Cardano's history. Cardano is presently trading at $0.35, which is close to its weekly high of $0.36. Since February 13, the Ethereum-killer altcoin has resulted in a 1.2% loss for investors.
BINANCE:ADAUSDLong
by FOREXN1
18
Bitcoin(BTC/USD) Massive selloff Incoming!!!!Based on the volume data and POC level we see huge spike of massive liquidation around 27k-25k at which the current price is slighting trading, we need to watch careful cause its in confluence with the weekly to h4 timeframe , Price is currently having a hard time to break the 25K and we see huge incoming spike in bearish volume, so we need to be careful and capitalize on the sell off Nice risk to reward but be cation cause bitcoin is volatile, entry will be when we get a massive liquidity grab and around 25K-27k Follow me for more breakdown
GEMINI:BTCUSDShort
by ShinForex1
2
Ergo Buy Now or Cry Later- Everything is in graph. - Ergo is a good project imo. - Have to understand that Ergo could be the first smart contract project on Cardano. - Have to understand many Miners using GPU are Switching from ETH(POS now) to ERGO(POW). - " The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term " - DYOR. - Buy Now. - Rebuy if dip around 1.1$ (Bottom). - sell at your convenience. - Roi 3000 to 6000%. ( depends where and when you buy ) Happy Tr4Ding !
Long
by thecryer
12
Cardano (ADA) Entry alert. 183% potential profit#ADA /USD TA Update:- $ADA currently trading at $0.40 According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.40 There is a resistance at the 200EMA at $0.41. Cardano broke out the descending channel as expecting. Entry : 0.40$ Target point at $1.09 (183% potential profit) What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) If you want it or my SL indicator or My Liquidity Support and Resistance Indicator, let me know. Thank you.
BITFINEX:ADAUSDLong
by Coinlion_TT
1
Cardano (ADA): strength is back It was a very good week for ADA. Investors' confidence is back and it has been clearly seen through the price of the coin and its moves since the beginning of this year. In addition, on Valentine's day, the Cardano network successfully implemented another hard fork, which will increase Cardano`s interoperability with other major blockchains, i.e. bitcoin and ethereum. ADA`s price reached level of $0,42 as of the end of the week, still, it ended the week around $0,40. RSI indicator reached level of 63, during the week, still, it is ending a bit lower, around 54. It still shows that market participants are still not ready to leave the coin to head toward the oversold side. Moving averages of 50 and 200 days are slowly converging toward each other, which is a quite positive sign, and indicates a potential cross in the near future. During the previous week, ADA managed to clearly pass the $0,40 resistance line. Coin is still moving around this level, which indicates the probability that this line will be tested in the coming days. In case that it is not clearly breached, then ADA might revert to the upside, slowly toward the $0,45 next resistance. However, charts are pointing to the probability of short testing of $0,38 level for one more time.
COINBASE:ADAUSD
by XBTFX
Cardano Slows Down after 70% Gain, Support at $0.38Past Performance of Cardano Cardano prices are up 16% from last week's low and over 70% from Q4 2022 lows. Even though the primary trend is upward, the consolidation of the past few days within the February 15 bar can be a concern. The immediate resistance level is $0.42, while the support is $0.38. For the uptrend to resume, buyers must break above $0.42 with rising volumes, paving the way for more gains in the short term. Cardano Technical Analysis Cardano is bullish, as mentioned earlier. However, ADA prices are inside the February 15 and 16 trade range. The February 16 bar has higher trading volumes and reversed losses of the February 15. Since ADA prices are inside this bar's range, traders must have a clear definition before committing. If bears flow back, confirming losses of February 16, ADA may drop to $0.35 in a welcomed retracement. The uptrend remains valid as long as prices are above December lows at $0.23. Conversely, if there is demand today, ADA may roar above $0.42 and November highs, setting a new trend that may see it retest $0.52, or September 2022 highs. What to Expect from ADA? ADA holders are optimistic after the performance of the better part of February. Even so, trend definition in the short term is critical. That means Cardano bulls must clear $0.42 if ADA has bottomed up. Resistance level to watch out for: $0.42 Support level to watch out for: $0.38 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
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