Cardano (ADA) has proven itself a stable cryptocurrencyIn comparison with many other cryptocurrencies in the market, Cardano (ADA) has proven itself a stable cryptocurrency over the past few months. The team behind is doing progress to help the coin reach its full potential. The coin has not reached its full potential but it does not mean that it has not made some progress recently. It mentioned in the newsletters by the team and contain clear details of their achievements and their plan for the next quarter of the year.
It is perfect time to purchase the coin cuz it may even sell as high as $1 again. If everything happens according to plan, ADA will be one of the cryptocurrencies you would wish you had in your portfolio. One of the most significant achievements of the team is the introduction of a new paper wallet, which is more advanced than the previous version making it safer and more efficient to use. The most important thing is a wallet to have your coins in a safe place. As an investor, you need a secure place to keep your coins. The new Cardano wallet will boost its credibility as it makes investors more likely to buy the coin. With these factors and more combined, Cardano believers believe that a break in price in on the way and the coin might sell as high as $10 next year.
CARDANOADA
ADA ADA ADA... STILL IN PATTERNHey Everyone,
A few quick updates today as I go through the charts and check for trades for myself, I have just noticed ADA is sideways, and has had an extended 4th wave, but for the EW geeks like me... Wave 4 did not drop down past wave 1 territory so to me this looks to be still headed up to hit targets I posted a while ago.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ADA Cardano Short 60% profit opportunity with 10x leverageBITMEX:ADAZ18 is sitting quite close to the bottom so many speculate that it should go up, however I believe ADA has some turbulent times ahead with the departure of IOHK that I think will push the value down temporarily, providing us with easy profit opportunity.
EL: 1170
T: 1100 or possibly lower
As usual, this is just an idea, not financial advice so please do your research.
ADA BTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Cardano / ADABTC
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Cardano/USD Update 20MA SupportCardano resistance zone at $0.089 is quite big, tested the zone 9 times over the last 7 weeks, on the opposite side, 20MA is supporting the price zone also. so price in bound between 20MA and $0.089 resistance. If we do break the 20MA support the next target would be $0.063 (Green Box).
Has Cardano lost the momentum?Hi Guys! My answer is absolutely not. The ADA market turned in a weak performance in the context of a shrinking volume trading but for me this dip is where I can buy more with small discount. Well all what we must have is a patience, with yesterday's low @0.00001225, Cardano is testing that lower boundary again at the moment, so let's see what happens next.
What makes the chart interesting is the fact that we have some good fundamental news as Cardano will launch the first ADA Card in the end of the year and Cardano Rust Project that need "to open up Cardano to more developers with an open-source library and encourage the worldwide community to build up this resource."
TF: 1D
The MACD is trying to break the resistance and make the centerline crossover, it's hard so it will be complemented by significant volume support.
The RSI < 50;
The EMA lines: 7EMA - Resistance, 30EMA - Resistance, 100EMA - Resistance.
Some of our indicators are the worst to open the long-term position, but for me this manipulation at the market not more then MM's game, to acquire as more cheap ADA as possible.
I long with $ADA.
ENTER: 1200 and lower
PT: 1600 and higher
GL Traders.
ADA - Need more volume to go LONG! As mentioned, ADA needed to cool off after its massive run-up last week and that wedge breakdown has dropped it back to into a demand zone. The 1160 support level has held so far but the volume isn't the best and until we see volume come in, we can't be confident that this demand zone will hold. Stronger zone to enter a long position would be the lower demand level around 1078, which was the breakout zone.
As always, stay safe and thanks guys!
ADA - Time for a pullback but still looking good! Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could possibly see a test of the liquidity above before resuming lower to the next demand area and possibly the 50%FIB. This does have the look of an ascending wedge that has already broken and is in the process of retesting before continuing its mover lower so keep that in mind.
Both RSI and MACD are showing bearish signs, RSI with a lower high and MACD crossing over bearish further indicating a pullback is likely. As such, area marked as demand zones should provide support for Cardano and could be used as areas to scale in long positions while keeping a close eye on Bitcoin.
The severity of any BTC pullback will most likely dictate how long ADA goes so don't be too quick to jump into positions at the first sight of a support touch.
As always, stay safe everyone!
Thanks guys!
Dont Long ADA...not yet.Chart says it all pretty much.
When ADA broke yearly support level it didn't free fall right away. It had a retest that has been rejected big time. Now i personally can't see a reason for you to knife catch it, unless you are looking at a bigger picture and you are starting to scale buy all the way down as a long term investment.
I would swait for the demand zone where everything started back in Dec, 2017. Thats where price will be more interesting for investors to buy in again.
600-800 Satoshis will be your best bet.
Analytics ADA/BTCThe asset behaves without anomalies, is in its channel, signals for the reversal are not expected. It loses about 20% with about 15 days periodicity.
There is a stable downward channel, so do not open positions earlier than 0.00001210. It is worthwhile to conduct additional analysis in this area, the price may drop to 0.00001080.
In the long term, does not cause much interest, but it can be useful for traders inside the day. We are waiting for the appearance of additional signals.
Cardano Support/ResistanceWelcome Back!
Today I wanted to draw a simple S/R for ADA considering how it has fully retraced back onto trending support.
I talked about this coin in one of my Youtube videos but never got around to making a chart so, here it is!
Simple S/R strategies can be easy to use and work very effectively.
Considering how this coin is back to its lowest support, now would be a great time to look towards accumulation.
This is a coin listed on the popular leverage trading exchange, Bitmex. Once alt season begins lots of institutional money will start flowing back onto their exchange thus creating large hype cycles with the alts listed on their exchange. Let's see how price reacts to these resistance levels.
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God Bless, JolleyCrypto