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CARDANOADA

ADA Breaks Upper Channel - Another Week Of SidewaysADA has finally broken the upper channel after 88 days in that channel. Every move seems to be followed by a period of sideways action of 7-14 days and I suspect we are in the beginning of one of those now although now we are above the channel and will be testing that trend line. The next week will give MACD and RSI time to get a little more 'Long Friendly'. The August Mainnet launch is so highly anticipated along with the expected 'run to $7-$10', ADA has been a waiting game. No one wants to miss the run but no one wants to jump in on a coin that is going to go sideways for another 88 days. Which means once the ball start rolling (uphill), it is going to roll fast and hard.
Long
by frischman
Cardano(ADAUSD) LONG $2.0A quick analysis on Cardano(ADAUSD) : 1) Cardano had a nice IMPULSE run-up from Dec 2020 to Feb 2021 going from $0.13 to $1.47 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C a nice 3-3-5 correction 4) The FLAT correction phase is also called the distribution phase 5) Hopefully the next impulse wave starts after the correction phase if the wave breaks out of the distribution phase shown with red line at 1.48 to go to $2 or $2.5 6) If it can't break resistance then it might make it's way down to the support and break down at around $1 Summary : ------------- 1) Looks like the bulls/buyers are taking control and hopefully break the resistance at $1.48 to reach the next level of $2 (or) $2.5 to reach ATH(all-time-high) 2) watch out for those blue lines to take positions accordingly Happy trading, feedback is always appreciated
BITFINEX:ADAUSDLong
by JAN360
1
ADA, Cardano - a great pattern for long💥 But....Cardano is one of the most perspective coins for a long position at that time. Price is in a range of 53 days. Entry point only after retest key level. Potential growth - 50%. But don't forget to control the situation with BTC. 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
by Yuriy_Bishko
26