CARDANOADA
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 :
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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
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.
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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 - $ADA - Consolidating Between $1.30 and $1.45Cardano - $ADA - is getting ready for the run we've all been waiting for, but it's taking a short breather first.
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DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
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Cardano $ADAUSD Target PTs 2.70-4 and higherCardano (ADA) pierced the $1.48 overhead resistance today and climbed to an intraday high at $1.55. However, the bulls have not been able to sustain the breakout as seen from the long wick on the candlestick.
The bears have pulled the price back into the $1.48 to $1.03 range. They will now try to sink the ADA/USDT pair to the 20-day EMA ($1.24).
If the price rebounds off the 20-day EMA, the bulls may make one more attempt to push the pair above the overhead resistance at $1.55. If they succeed, the pair could rally to $2.
On the contrary, if the bears sink the price below the moving averages, a drop to $1.03 is possible.
ADA heading towards Potential breakout ADA, one of the naughtiest currency, which is always in news and rumours. This obviously adds on to this value. Now ADA has moved into an ascending triangle, with potential breakout by end of April or early May.
Until then there are enough opportunities (SHORT/LONG) for short term traders.
NOTE: These are my personal notes and in no way financial advice. Do you own research and trade wisely
If like my analysis, then dont forget to like and leave your comments
ADA- Patience and High ExpectationsCardano has been quiet.
Yes, it does make us feel like we are missing out on other opportunities...but that's ok we can wait
The problem is that we get no news on new deals/ no big news is actually a problem for ADA (and for us who hold it as well)
So, personally I am slightly going lighter on ADA this month but I do still hold on to what I have. After all we have taken plenty of profits from 0,25 until now...
Positive detail: 1.45 resistance will be tested when it will be tested for a THIRD time..THIRD TIMES tend to have increased chances to break over.
the FXPROFESSOR
ADA - Buy Cardano before next pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success