Cardano Next PushQuick update for ADA. after retracement Cardano get strongly supported around 2$.
Next push could start soon as BB is starting to be really compressed.
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Trade Plan
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Buy : 2.2$ ish (now)
Rebuy : 2$ (Full Buy)
TP1 : 3.30$ (Security TP)
TP2 : 4.75$
Stop : 1.8$ ( if u wanna set it)
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- Follow the King to stay safe!
PS : Special greetings to my friend Trader @bestfarbit74 , because i know he likes Cardano !!
Happy Tr4Ding!
CARDANOADA
CARDANO ADA AnalysisIn The Past Weeks, The Price of CARDANO ADA was Modified And Surprised Many Investors.
ADA Last Month Was The Third Currency of The Market, But Could Not Maintain Its Position.
CARDANO ADA in the Daily Time Frames and 1 Hour Time Frames Entered a Downtrend
Now A Bullish Flag is Created for ADA.
CARDANO Crossed the Downtrend Line and Pullback it.
If CARDANO ADA Crossed The Resistance Area of $ 2.3 And Eliminates the Downtrend, it is Likely To Grow Up to 200%.
First Target is About 50% And The Price Range is $ 3
Second Target is About 100% And The Price Range is $ 4
Third Target is About 200% And The Price Range is $ 5.8
$ADAUSDT entry PT 1.80 Target PTs 4.90 then PT 9-11 and higherCardano Coin Price & Market Data
Cardano price today is $2.27 with a 24-hour trading volume of $6,871,049,483. ADA price is up 6.8% in the last 24 hours. It has a circulating supply of 32 Billion ADA coins and a total supply of 45 Billion. If you are looking to buy or sell Cardano, Binance is currently the most active exchange.
Introduction
Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
The Cardano project is different from other blockchain projects as it openly addresses the need for regulatory oversight whilst maintaining consumer privacy and protections through an innovative software architecture. The protocol features a layered blockchain software stack that is flexible, scalable, and is being developed with the most rigorous academic and commercial software standards in the industry.
Cardano will use a democratic governance system that allows the project to evolve over time, and fund itself sustainably through a visionary treasury system.
Technological Innovation
Cardano is the first protocol to incorporate Ouroboros, the groundbreaking proof of stake algorithm. The IOHK team employed a “first-principles” approach, driven by peer-reviewed academic research to build Cardano from the ground up.
The result of this collaborative effort is the first cryptocurrency to be based in Haskell code, which focuses on industrial strength product that delivers the resilience necessary for mission-critical systems, in this case, securing investment.
Cardano’s multi-layer protocol performs advanced functions, and has a settlement layer that is elegantly linked to a control layer. The settlement layer will have a unit of account, while the control layer will run smart contracts and will be programmed to recognize identity, assisting compliance (and allowing blacklisting, for instance).
The protocol is geared towards protecting privacy rights of users, while also taking into account the needs of regulators. In doing so, Cardano is the first protocol to balance these requirements in a nuanced and effective way, pioneering a new approach for cryptocurrencies.
The system is also designed to allow upgrade through soft forks, enabling it to adapt to changing needs and evolve quickly, when required. A treasury system is also being installed that will ensure the sustainability of the protocol.
Cardano is built in the spirit of collaboration by being completely open source and patent-free. Engineered for efficiency and scalability, the Cardano ecosystem will develop into the most complete cryptocurrency ever constructed.
Conceptual Innovation
i. Privacy and regulation
The original Bitcoin blockchain was meant to be a way for individuals to transact directly and anonymously with each other outside the control of banks and governments. This guarantees privacy in financial dealings, a fundamental individual right, but full anonymity can be counterproductive. Today most blockchain projects look to further either the aims of privacy or of regulation. To be effective globally, we think our blockchain must ‘square the circle’ by finding the right mix of individual privacy protection and provision for regulatory control.
ii. Governance
Public, decentralized blockchain projects rely on crowd-based governance models. This allows for democratic control of the network by its participants, which is essential to building truly decentralised economies. However, if they are not carefully designed, such governance can go awry. Both the Bitcoin and Ethereum communities have experienced devastating schisms on the question of how to upgrade their networks – in Ethereum's case already causing a split. The Cardano blockchain has an airtight governance model that allow the community to democratically take clear and binding decisions.
iii. Funding
The Cardano blockchain has sophisticated maintenance and development needs and is able to adequately fund itself, both in terms of running costs and new investment.
The Token: ADA
Every blockchain project has a token of value commonly referred to as a cryptocurrency. Ada is the cryptocurrency on the Cardano blockchain. With Ada, holders can send value between friends, pay for a good or service, deposit funds on an exchange, or enter an application. To perform a transfer on the settlement layer requires you own Ada, or acquire Ada through an exchange. It will also be the native token to be used in applications built on the computation layer.
The Wallet: Daedalus
Each cryptocurrency requires a “wallet” to store Ada. Typically this wallet is a software application that can be installed on any computer or smartphone. Daedalus is a highly engineered wallet with advanced security features that was developed by IOHK specifically for the Cardano blockchain and protects your assets with the most advanced cryptography. In the future, Daedalus will not only support Ada, but other cryptocurrencies such as Bitcoin, Ethereum Classic and many more.
The Cardano Foundation
The Cardano Foundation’s core mission is to standardise, protect and promote the Cardano Protocol technology. The Cardano Foundation acts as a supervisory and educational body for Cardano. Our mission is to:
1. Standardise, protect and promote the Cardano Protocol and its applications
2. Be a community hub offering authoritative, timely information about the technology and Cardano’s wide-ranging potential
3. Liaise and influence government and regulatory bodies, form strategic partnerships with businesses, enterprises and other open source projects and aid the creation of formal software standards for Cardano, a crucial feature for its long term success and critical in adoption and government engagement
Areas of Focus:
1. Cardano Protocol - We function as an objective standards body for the Cardano protocol as it evolves over time.
2. Cardano community - We support, grow and help educate the Cardano blockchain community.
3. Cardano ecosystem - We work to expand and protect the Cardano ecosystem. This includes promoting Cardano as a platform for commercial entities and serving as an objective organization for enterprises interested in joining Cardano.
4. Serving the wider blockchain community - We aim to influence and progress the emerging commercial and legislative landscape for blockchain technology and cryptocurrencies in general. We proactively approach government and regulatory bodies and form strategic partnerships with businesses, enterprises and other open-source projects.
IOHK
Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a world-class engineering and technology company committed to using peer-to-peer innovations to provide financial services to three billion people that don’t have them. The group is contracted to design, build, and maintain Cardano through to 2020.
Emurgo
Emurgo is the venture building entity in the Cardano ecosystem, its goal is to aid, integrate, and foster Cardano blockchain applications.
Emurgo captures the transformative power that blockchain technology brings to the developing world. Decentralized applications built on Cardano technology, funded and supported by Emurgo, will have the potential to build groundbreaking applications.
Project Road Map
IOHK has now released the settlement layer. This means you can transact, trade, and purchase Ada tokens fully independently of the computation layer. The goal for the computation layer is to have a beta released by the first quarter of 2018. Once both settlement and computation layers are live, users will be able to setup a custom environment to build decentralised applications on the Cardano stack.
In 2019, IOHK intends to work on Cardano’s long-term scalability and augment its capabilities. As developers, IOHK has been contracted through 2020 to make sure Cardano is being adequately maintained. The goal is to create a sustainable ecosystem that is capable of funding and supporting itself.
Cardano - 2 scenarios that will tell you what to do! 😉A trend line has been forming on the Cardano chart for a long time. It is currently acting as a strong resistance.
If Bitcoin rises or continues to consolidate, Cardano could follow the first scenario and break the trend line.
But it is also worth highlighting the second scenario, right now bitcoin looks very weak, and in case of a correction, Cardano will also correct. In that case, it is best to buy after a false breakdown of $1.8 level or after a breakout of the trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
NOT A BREAKOUT PATTERNWe have seen this similar pattern with SHIB. This happens after rocketing to a new ATH and then many of the people just take profits and lower hype around it happens. Keep in mind that this "rocket" happened while bitcoin was also rising. They have corresponding movements like most crypto does.
If we see Bitcoin rise (which I am expecting) then we should also see ADA rise. Will it be to the moon? I'm expecting it to be a new ATH potentially around $4 however, that will take time. I do think ALTcoins have a lag behind bitcoin's pricing however it's only slight. I would recommend buying this below $2 as a great entry however current pricing at 2.01-2.03 should be fine as well.
Cardano (Accumulation/Buy Opportunity).ADA is trading nicely within the Cup and Handle pattern, hitting the bottom of the trendline at the moment.
Expected uptrend (from current pricing) would be nearly 20% increase (top of the rectangle-resistance zone)!
Refer to the linked idea 💡 for detailed descriptions.
Relative Strength Index is trending down, implying a possible (impending) breakout.
Related Cardano published idea linked below:
Cardano upward start-phaseCardano has over time been markedly dull and less expectant, like the other cryptos. This is waiting now! My analysis indicates the chances and levels the crypto follows if it reverses its direction as soon as possible.
I myself hold a great position in Cardano and I expect just as spend as you guys!
Good weekend!
ADA/USDT - Potential 49% SetupHello Traders!
ADA is finishing the correction. There was formed a "descending wedge" trend continuation pattern on the chart.
Purchases can be considered between the price levels of $1.97 - $2.07
It is appropriate to place a stop loss near the price level of $1.67
The targets for buying are at $2.73 and $2.95
Excellent short-term trade with a good risk/profit ratio
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ADA - broke this triangle, what to do now ❓😱😱The price on the ADA chart broke through a symmetrical triangle and corrected by 14%. According to the rules, the target is the height of the triangle. This is 22%, the level of $1.66. It is unknown if this pattern will work out completely, but the best scenario for buying is the re-low of $1.68 and the breakdown of the trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada.
Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021.
Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though).
Sell around January 30, 2022 if pricing follows the light-pink bars pattern.
Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely.
Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands.
Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above).
Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected).
The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns.
*This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.*
related Cardano published idea linked below: