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Cardano

✴️ 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
ADAUSDTHello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we can expect the formation of an increasing trend up to the specified limits. We would be happy to hear your comments
Long
by FiboTech
2
Elliott Wave View Suggests Cardano can See Further Correction LoCycle from 12.30.2022 low ended in wave (1) at 0.414 as a 5 waves. Up from 12.30.2022, wave 1 ended at 0.281 and pullback in wave 2 ended at 0.272. The crypto-currency extends higher in wave 3 towards 0.37 and dips in wave 4 ended at 0.325. Final leg higher ended wave 5 at 0.414 which completed wave (1) in higher degree as the chart below shows. Internal subdivision of wave 5 unfolded as a 5 waves diagonal. Up from wave 4, Wave ((i)) ended at 0.387 and pullback in wave ((ii)) ended at 0.347. The crypto-currency extends higher again in wave ((iii)) towards 0.399, wave ((iv)) pullback ended at 0.367, and final leg higher wave ((v)) ended at 0.414 which completed wave 5 and (1) in higher degree. Wave (2) pullback is in progress to correct cycle from 12.30.2022 low with internal subdivision as a zigzag. Down from wave (1) peak, wave ((i)) ended at 0.393 and wave ((ii)) ended at 0.407. The crypto extends lower again in wave ((iii)) towards 0.383, wave ((iv)) ended at 0.403, and final wave ((v)) ended at 0.38 which completed wave A. Expect wave B rally to fail below 0.414 for another leg lower in wave C to complete wave (2). Near term, as far as pivot at 0.414 high stays intact, expect the crypto currency's rally to fail in 3, 7, or 11 swing for further downside.
BINANCE:ADAUSD
by Elliottwave-Forecast
2
✴️ Cardano | Strength (Name Your Altcoin #18 ✅)Cardano has shown amazing resilience... This pair so far produced no corrections after growing by an astonishing 72% since the 29-December-2022 low was hit, just amazing. The best we can do is to follow the market and stay strong, the next target is set at $0.4865 but mainly $0.5625 on the next jump. If a retrace suddenly shows up, we are looking at $0.3755 and $0.3395 as the main and strong support. The market continues bullish. The bulls control this chart. Namaste.
Long
by AlanSantana
4