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Cardano

Is it possible to start a move to continue the upward trend...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (ADABTC 1W chart) The question is whether it can move above the 0.0000 1641 to 0.0000 1786 and break out of the downtrend line. ------------------------------------- ---------------------------------------- (ADAUSDT 1W Chart) It is necessary to check whether there is a movement of shaking up and down based on the 0.3448 point. (1D chart) The question is whether it can sustain the price above 0.3819 and rise above 0.4380. If not, 1st: 0.3306-0.3448 2nd: 0.2772-0.3032 You need to make sure that it is supported in the 1st and 2nd. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Cardano stablecoins: USDA and DjedCardano stablecoins: USDA and Djed Introduction In recent years, stablecoins have come under increased scrutiny of regulators. The main concerns are the principles of operation of algorithmic stablecoins, the transparency of reserves, and the adequacy of the centralized stablecoins provision. Incredibly often, the problems were discussed after the collapse of one of the most significant algorithmic stablecoins – TerraUSD (UST) that caused the fall of the entire cryptocurrency market. As a result, many stablecoins faced a temporary rate unpeg. But the issue of reserves remains the main subject of discussion of their reliability. And the key concern here is that most of the reserves of centralized stablecoins are a complex mixture of stocks, secured loans, corporate bonds, precious metals, and other assets. And most typically, companies are criticized for the lack of proper audits to confirm reserves. In addition, these issuers need to be appropriately regulated, which increases the risks for investors. Cardano is currently working on releasing two new stablecoins, which are tasked with solving critical issues inherent in most stablecoins. The Cardano development team plans to release the first fully regulated stablecoin, USDA, backed by fiat and pegged to the US dollar in 2023. As well as an over-collateralized algorithmic stablecoin issued by the COTI platform called Djed. The principle of operation of centralized and algorithmic stablecoins is different, and in this article, we will briefly describe the features of each of them. USDA On November 18, 2022, in Singapore, Emurgo announced the launch of a new stablecoin on the Cardano blockchain – USDA. This stablecoin will be fully regulated, backed by the US dollar, and pegged 1 to 1. Emurgo is one of the co-founders of the Cardano project. Its mission is to develop and support businesses and help integrate businesses into the Cardano ecosystem. One of the Cardano’s global goals is to provide access to banking products to every person in the world. The company has been successfully developing its products for a long time in the markets of Africa and Asia. People there have no access to banking services, and the country's national currency is depreciating too quickly to act as a store of value. To achieve this goal, the Cardano developers are introducing a set of products called “Anzens”, designed to connect traditional financial services to cryptocurrency. USDA will be the first product to help bridge the gap between TradFi (traditional finance) and DeFi (decentralized finance). “The Cardano ecosystem was built on the ethos of bringing real world applications to crypto and creating the foundation to build the economy of the future. The introduction of a fully fiat-backed, regulatory compliant stablecoin is the next step in realizing the future for our community. This stablecoin not only offers stability to investors conducting financial transactions on the blockchain but advances a path forward for the Cardano ecosystem to address a problem we are uniquely positioned to solve — banking the underbanked,” says EMURGO Fintech Managing Director Vineeth Bhuvanagiri. Users can tokenize their USD to USDA via credit cards, wire transfers, direct deposits or payments, and native ADA token conversion. USDA is scheduled to launch in the first quarter of 2023 on the Anzens platform. It will be followed by implementing plans to provide a secure and convenient conversion of other stablecoins to USDA (for example, USDC and USDT), as well as cryptocurrencies such as Bitcoin, Ethereum, and others. To fully comply with regulatory requirements and ensure compliance with oversight rules, Emurgo has partnered up with an as-yet-unnamed regulated US financial services company to act as the banking partner responsible for issuing USDA tokens and holding deposits. By relying on regulation and the provision of tangible assets, the USDA can guarantee reliable long-term price stability, ultimately opening more global financial services to the Cardano ecosystem. Djed Unlike fiat-backed stablecoins, algorithmic stablecoins are regulated by specific algorithms that manage the balance between supply and demand, thus ensuring exchange rate stability. Djed is an algorithmic, overcollateralized stablecoin backed by the Cardano (ADA) token and SHEN. Algorithmic stablecoins, backed by a single currency, have some vulnerabilities. To solve this problem, Djed has a reserve asset – the SHEN token. The concept of “over-collateralization” means that the stablecoin is backed by excess collateral in the form of a cryptocurrency held in reserve. And, if ADA falls too quickly, the underlying smart contracts include a reserve SHEN token that will be used to balance price fluctuations, helping to ensure a 400% to 800% over collateral level. This stablecoin has been developed for more than two years in partnership with the COTI platform and IOG (please see the document describing all the technological features and operation of the stablecoin) COTI is a first-level blockchain payment network that provides a throughput of up to 100,000 transactions per second through the Proof-of-Trust consensus mechanism. COTI provides the infrastructure needed to create and issue stablecoins that are highly secure, scalable, and have low transaction fees. Input Output Global is an engineering and technology company engaged in cryptocurrency development and research activities. On January 31, 2023, after completing a series of audits and stress tests, the developers of the COTI blockchain platform, in collaboration with Input Output, announced that Djed had successfully launched on the Cardano mainnet. During the Cardano Summit in November, COTI CEO Shahaf Bar-Geffen stated, “Recent market events have proven again that we need a safe haven from volatility, and Djed will serve as this safe haven in the Cardano network. Not only do we need a stablecoin, but we need one that is decentralized, and has on chain proof of reserves.” Conclusion: The primary mission of Cardano is to bring blockchain technologies into real life and provide access to them to anyone in the world. It is much work from a technological point of view, but the Cardano team is making good progress in this direction. Providing economic identification is a crucial component in countries where people do not have an identity card or access to the banking sector. For example, in developing countries in Africa and Asia, digital services and decentralized identity will give people access to education, banking services, and the employment market. And Cardano is already addressing some of these issues by developing projects like Atala Scan, Atala Trace, and Atala Prism. Cardano-powered stablecoins that share these values will help bring stability to the broader ecosystem and restore trust by acting as a trusted channel between TradFi and DeFi. It can bring cryptocurrencies closer to their original goals: provide access to digital financial for every person and ensure independence from centralized issuers.
B
by SpaceFinance
Cardano bullish flag TGT 0.5592Hay Trader! This analysis is based on the idea of a Bullish Flag. The flag is visualized by the green support line and the red resistance line. Within these lines, the price has moved since the beginning of May 2022 and created this bullish formation. Using the Fibonacci instrument, a number of resistance levels can be expressed in the analysis. These resistance levels which are also potential support levels are located at 0.3926, 0.6903, and 0.8996 respectively. In addition, the instrument can also be used to determine where the target should be placed in relation to the price development of the formation (0.5592). With a good safety net in the form of support levels at 0.2395 and 0.3288, the price has some security. In addition, it can also be seen from the recent day's development that the price has recently experienced a high trading strength. I hope this analysis was instructive and came up with some good points that can help create a picture of Cardano's current situation and how it is going to evolve in the future.
Long
by Aksel_Rom
2
Cardano bullish flag formationHey Trader! This analysis is based on the idea of a Bullish Flag which is illustrated in this analysis. The thick bottom line that follows the market price is the support line for Cardano. On the other side of the price is the resistance line. This flag is pointing downwards which is a strong signal that the price will break out as a bullish breakout. Since late December, when the price formed the current strong support at 0.2395, the price has begun a bullish trend where it has recently shown its potential to break this flag formation. If the price is to follow Fibonachi's indication, the price has the potential to reach the target at 6.0035 I hope this analysis was instructive and can be used for thinking about how the price trend can potentially fluctuate in the future.
Long
by Aksel_Rom
Cardano (ADA): confidence is backMarket continues to positively perceive news regarding the forthcoming fork for Cardano`s network, which would increase its scalability. It has strongly supported ADA`s price during the last three weeks. The price of the coin continues to reach higher grounds, with last week's level of $0.4. The last time the coin was at this level was in November previous year. These are all good developments, as it shows that there is still value in this coin which brings back investor's confidence. For the last three weeks the RSI indicator is moving within the overbought side. Potential reversal might come soon, however, it certainly could not be supported by the prevailing buying orders. The RSI is ending another week at level of 70, which is an indication of forthcoming short price reversal. MA50 and MA200 continue to move as two parallel lines but this time the course has been changed from downtrend to parallel. Hopefully, in the near future they will move more toward each other in order to create a cross. It might be expected that ADA will continue to be supported by the announced new fork. The coin is currently testing the $0.40 resistance line. In case that it is clearly breached, then the ADA will continue to route toward the next resistance at $0.45, with a small stop around $0.43. In case that the coin enters into a short term reversal, as RSI is pointing, then $0.35 support might be the next short term target.
COINBASE:ADAUSD
by XBTFX
1
ADA/USDT- Momentum will be hard to sustain- Expecting RetraceWatching for a rejection here- Consider re-entry at .032 I'd like to see us dip back towards the 0.32USD mark to retest the break price before a push further forward. Most alts are largely running off BTC's resurgence so keep in mind a lot of retail investors remain in the negative and that is skewing the charts to make things appear stronger than they are. Consider positions and profit taking with that in mind. BTC is moving into an area of minimal resistance between 24K and 29K if it doesn't dip prior to moving into these ranges I will be surprised. As always, Just my thoughts and TA Feedback Welcomed. Stay Safe, Good Hunting! Bingaz.
Short
by Bingaz
4
Cardano Bullish BreakoutHey Trader! This analysis is based on an Ascending Triangle. Since the price of Cardano has been moving in a bull market lately, it is not uncommon to see a formation like an Ascending Triangle that will have a bullish breakout. Below the price and the triangle are two notable support levels which have a major impact on Cardano's buying power. These two support levels are located at 0.3295 , & 0.2657 . Based on the recent price action, Fibonacci indicates a target at 0.5562 which can be reached as a result of a potential bullish outbreak from the triangle. In addition, Cardano's market price has crossed the 50-day moving average which in itself indicates a buy recommendation (the 50-day moving average is visualized by the grey line). I hope this analysis was instructive and can be used for future consideration of Cardano's situation and the potential that can be exploited.
Long
by Aksel_Rom
AW Cardano Analysis - Making Sense of This Deep Wave E...It's kind of hard to look at this Wave E as a weak 5-Wave because of its depth however I believe it's the only way to look at this. Of course, this is based on my recently updated view for the EURUSD, AUDUSD, Dow Jones, and ASX. We are looking for the last move down in Wave 5 across the board and Cardano is no different. After this move down, I see a large 5-Wave move to the upside that will extend well beyond all-time-highs. I expect Wave E of Wave 4 to not exceed the .59 cent level before the move lower. This does not mean that it will reach that level, it's just a guide to max length potential. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BINANCE:ADAUSD
by AriasWave
$BTC : Towards 24K ? READ THE CAPTION As you can see, according to the previous analysis, the price could not stabilize below 20400$ and practically did not have the necessary condition for confirmation of the fall and moved from the same range to the upward target of $22800, the overall return of Bitcoin analysis in the last month has more than %40 ! Now the price has penetrated above $22,800 and the new scenario will be as follows : the possibility of price correction to the range of $20,400 to $21,650 (Bullish BB) and then moving towards $24,000 ! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 01.23.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
10
Cardano Ascending Triangle formationHey Trader! This analysis is based on the Ascending Triangle concept, which is formed by the price of Cardano. In the analysis two support levels are visualized; Strong support at 0.2983 - 0.3290 , allocating back to mid-December, and the support level at 0.3632 . As the drawn triangle shows, the price follows bullish also called an "Ascending Triangle". This triangle combined with the Fibonacci tool can create a true picture of how the price of Cardano may land at the target at 0.5178 . I hope this analysis helped to give an instructive picture of Cardano's evolution and can be taken into consideration for the current situation as well as the future.
Long
by Aksel_Rom
$ADA Analysis, Bulls need more push!Though $ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, $ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term, Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the chart, breakout above the key resistance is the sweet spot (blue path) which shows a V-bottom pattern with a price target at $0.60, the next resistance. Failure to break can lead to correction below (Yellow path) so timing and patience is the key here, for either way, $ADA is brewing a good entry for both scenarios and due for a nice run off the lows. Thanks for reading, surfin ends….
Long
by e_Surfin4Trades
🔥CARDANO IS MOVING IN WEDGE: OPEN THIS TRADE ON FALSE BREAKOUT🔥 Hi friends! Cardano is moving inside the wedge and going to break it up before the dump. That is what I think to happen with high possibility. 📊 MY TRADING PLAN FOR ADA: 1. false breakout of the $0.44 local highs 2. volume growth+huge whales sell orders at highs 3. bearish BTC (approx. $25-27k) 🚩 I will decline the dump scenario if it becomes to consolidate above the key level of $0.44. In this case, it will be better to find the long entry point. ✅ MY TARGETS FOR ADA: 1. $0.4-0.41 - the value area 2. $0.38 - the key level 3. $0.31-0.32 - the value area Traders, you can open a long trade inside this wedge and wait for reaching the $0.44 key level. You need some preconditions to enter a trade and short sl to maximize profit, of course. Share your trading plans 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
5
Cardano Moving Average crossHey trader! This analysis is based on a bullish development for Cardano. The analysis uses the EMA Moving Average which indicates that the 50 day moving average (orange line) has just hit the price indicating a current good buying opportunity for Cardano now. With some support levels at 0.2437, 0.3292 , & 0.3637 providing a good safety net where price can potentially pick up support. In addition, the fibonacci indicates that the price can reach the new target at 0.4997 which will give a nice return of 23.93% . I hope this analysis was instructive and that it can be taken into account in future considerations about Cardano.
Long
by Aksel_Rom
Cardano bullish targetHey trader! This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631 , & 0.3262 . The trend progresses with some peaks followed by pullbacks. This development shows that the price is between a support level ( 0.3631 ) and a resistance level ( 0.3807 ). This indicates a so-called "calm before the storm", as it is an opportunity for the price to break the resistance level and create a new support. This development will mean that the price can possibly follow the bullish trend up to the target at 0.4544 and create a nice return of as much as 21.13% . I hope this analysis was instructive and that it can be used for further consideration of Cardano.
Long
by Aksel_Rom