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CARDANOADA

Cardano Road Ahead - Next Stop $.70BITTREX:ADAUSDT - 1D I built this chart a few weeks back when Cardano was in the process of completing a long term cup and handle. With ADA price shooting up, I've seen alot of people on social media just pulling resistance/price levels out of their butt so I wanted to re-publish this with some hopes that people will have a better idea of where roadblocks lie ahead. As noted in the previous post, Cardano launched at the perfect time to catch the bull fervor of 2017. It was nowhere near ready to hit those price levels and the coin shot up dramatically in a short period of time. As such, we don't have a ton of support/resistance levels to work off of - given that the coin was rising 10-25c/day. But we do have some to work with. The chop zone we're heading to was formed during the crash of 2018 and represents a lot of ping pong action on the way down. I see two ways this will play out: 1. Price blows right past 2. Price chops around in that zone and gathers steam for a quick move to 90c once it breaks 70c. If #1 plays out - I'd expect a swift rejection on the first attempt at 90c. If #2 plays out - 90c could get obliterated on first attempt. If 90c is quickly overcome and we get some hourly candle closes above $1 - then we're going to challenge ATH relatively quickly thereafter. Keep in mind all of this could happen in a short time period with Greyscale opening an ADA trust and a potential CB listing (Hoskinson eluded to a big liquidity announcement soon). The rise from a dime to a dollar happened in a blink of an eye before so that *is* the precedent. Inevitably Cardano will break its prior ATH, and its also inevitable that it will chip away at ETH Dapp/DEX market share with $LQ launching in <3 months. How long you want to stay on the ride is entirely up to you. Now, between 65-70c, and from 95c-$1 all represent good potential entry points when the price is right. This is not investment advice and trading cryptocurrency is high risk
Long
by LoDoCrypto
8
Decision Day For Cardano ADAWarning: our thoughts are ours; not financial advice. Cardano is one of our favorites. It's stood the test of time; it survived the bear market. However, some short-term analyses to ponder upon. Though in the long term, ADA is bullish. Very bullish. You can't just be bearish on this one. Nevertheless, we could (not of a certainty) see a pullback in the coming days. ADA just rallied strongly to the top of the channel, we need to either see the strong move throughout today making a close above the channel which will translate to a breakout. If that happens, great news. We should even expect more bullish days ahead. Alternatively, we could see price scramble back inside the channel at the close of today's' candle. If that happens, well, we may Cardano's price pullback to the midline or the bottom of the channel before resuming its uptrend. Whatever happens, trade with caution.
by coin-barbie
ADA Daily Follow-Up to 1-27-21Last week I made a quick update on ADA as it was setting up for a test of $0.50. Before we went into this bull market cycle I normally would utilize more tools to make analysis's. If you were involved in the 2017 cycle then you'll remember that indicators such as RSI and MACD became LESS reliable as we broke new highs. That said, I'm not saying that indicators aren't useful but that with the constant momentum etc it's useful to fall back on the old saying "Less is More". Just because the RSI shows that we are overbought doesn't mean the move is completed. Remember, these big moves take days to complete. People will take profit, the price will dip, and it'll be bought up and the price will move even higher before any significant pullback. Things to look at: - Volume is on the Bulls side, we have a strong break of $0.40 and briefly touched $0.46. Keep tabs on the Volume as we push up further. - As I mentioned earlier, the other indicators such as RSI and MACD won't be nearly as reliable in indicating momentum shifts so keep tabs on the Volume and anything that will affect fundamentals. What to expect: - Resistance at $0.50 - With BTC ranging in the low-mid $30ks and Alts moving up, we'll see the money start flowing between each. - Tax Season is starting soon in the U.S and regulators could put a damper on things but it'll only be temporary. See you all on Mars
BINANCE:ADAUSDLong
by tired_man_willis
2
Cardano Correction or move up?in this time frame we have a great ascending channel as you see in the chart, and key levels of support and resistance .for now price follows the bearish trend line and one unsuccessful break out and a triangle pattern as well. if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or 50. but if price be unable to break above and break downside of the triangle and ascending channel the two main support could be great area for price recovery and powerful movement to the higher targets.
by behnamkarimi6
ADA breaking out the key level resistanceHey friends, hope you are well and welcome to the new update Cardano coin. Breaking out key level resistance: During the powerful bullish rally on the long-term first the price action broke out the $0.15 resistance and after re-testing this resistance as a support move to the next resistance $0.385. This is the key level resistance for ADA coin because this resistance is not broken out since 2018. If this resistance will be broken out then the price action of ADA can reach at $1.4 very easily. The EMAs and Ichimoku cloud: On the weekly chart, the price action of ADA coin has is moving above the exponential moving averages 10 and 21 and using these EMAs as good support. On the weekly chart, the price action of ADA with Bitcoin pair is breaking out the Ichimoku cloud. Once this cloud will be broken out then the Cardano can turn more bullish. Conclusion: This can be a historical moment for ADA, because on one side in the US Dollar market it is breaking out the key level resistance and in Bitcoin marked it is breaking out the Ichimoku cloud strong resistance.
Long
by moon333
1
ADAUSD this is just a beginning towards previous highEMAs on the monthly chart. Even though the price action of Cardano has rallied more than 1800%, but if we switch to the monthly chart, then it can be observed that the priceline has just broken out the resistance of EMA 10 and 21. EMAs on the weekly chart: On weekly chart, the price action broke down the EMAs 10 and 21 but again it has moved above these exponential moving averages. SMAs on the weekly chart: On the weekly chart, the price action of ADA has broken out the 50 and 100 simple moving averages and now breaking out the 25 SMA resistance level. Ichimoku cloud: Now if we turn to the ADA with the Bitcoin market, then the price action of Cardano is likely to break out the Ichimoku cloud resistance on the long-term weekly chart. Conclusion : The priceline has rallied more than 1800% so far, but this is just a beginning and the ADA can cross up the previous highest price ever very easily. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
2
ADAUSDT (Waiting for the resistance zone breakout)#ADAUSDT ( 1H chart) Technical Analysis Update Waiting for the Resistance zone breakout ADA/USDT currently trading at $0.315 Long Entry-level: Above $0.320 (only enter long after 1 h candle closes above the resistance level at $0.320) STOP LOSS:$0.300 Target 1: $0.340 Target 2: $0.380 Max leverage: 3X ALWAYS KEEP STOP LOSS.. Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Long
by GreenCryptoTrades
7
ADA Cardano Analyze By Persian crypto master Daniyal DaraeiHi Like it before reading please cardano made a good symmetrical triangle on daily time frame , and we have good support line on 0.13 and resistance on 0.15 , it can made a great consolidation on this triangle and it can break triangle upward to get on targets that i'd showed on the chart. 0.20$ could be first target and the second could be on 0.2355 consolidation in 5 to 10 days could make bullishness before breaking out FOLLOW us , this idea will get update soon ;) Daniyal daraei
Long
by daniyaldaraei
8
ADA-6h. The next target is $0.25.A good trading situation has emerged in the ADA market . Buyers managed to break the global critical level of $0.171 . 6 weeks of struggle for this mark gave the result. On large volumes, the ADA set a new local high of $0.197 . Now sellers are testing the strength range of $0.171-0.18 . Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free . We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171 . Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
5
ADA bullish divergencePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ Cardano is looking interesting. Finding support on the range it was in for over almost a year. With a bullish divergence on the RSI. When it touched here in november we saw a nice 50% rally towards the resistance at 936. If Bitcoin retraces and fulfills its blow-off top, we could see Cardano move further toward the 1200 level. What do you think about ADA? Long term hold? Or just a trade?
Long
by Coinathlon
4
ADA 12h still can shoot wellAlmost a month has passed since the publication of the previous ADAUSDT global idea. Since that time, the critical level of $0.17150 has withstood a hit from the bottom for the third time, and a low of the trade was $0.12630 with the forecasted $0.12000. ADA has not yet responded to the phenomenal BTC growth like altcoins can, and it looks like ADAUSDT rapid growth is included in buyers' plan soon. Fixing the price above still unbreakable level of $0.17150 will give a green signal for massive purchases, and accordingly, growth to $0.25400 and maybe to $0.34600. However, it is worth mentioning that BTC closed yesterday's daily candle with a bearish pinbar. It is not yet known for sure how Bitcoin will be fixed: in fiat or they will start transfer it into altcoins. Therefore, one more the ADA price decline to the level of $0.13400 should not be overlooked. Below this level, a breakthrough to $0.09300 may happen. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
13
ADA-4h. The next target - $0.255.Any event in the world does not pass without consequences. A sharp ADA growth by 60% since November 20 has provoked the formation of a global triangle. The price is still traded within its limits. The critical point - $0.14 . However, the probability of breaking the triangle up is much higher. The problem of breaking the $0.17 mark is a long history, dating back to 2018 . However, there is no time to delve into the details of this problem - because it is a short-term idea! The next important target of buyers is $0.255. That's where we will wait for the price after fixing above $0.17. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
13