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Cardanoanalysis

ADA Explosive move coming soon!!?Cardano on its USD pair has been getting beat down a little bit but is definitely still showing strength and trading on the upper side of this descending triangle which is technically a bearish pattern but i would be surprised if this played out bearish. Looking at some very positive notes coming from the bollinger bands, first of all we have pushed up and above the midline on the bands which now acts as support, and we are getting pretty close to that top band with us wicking off of it earlier today, one big test we are currently facing is the 0.6 FIB level which we have failed to regain for quite some time, but mind you we were also facing resistance from the bollinger bands midline and now that we have that regained taking out the 0.6 FIB level could be much easier! Keep in mind we also face resistance coming from the top of this descending triangle but if we do grab onto that top band we could start flying! Last thing on the BB we notice that they are squeezing down hard on price action and almost everytime this happens we see an explosive move to either the upside or downside. Now lets take a look at the squeeze momentum indicator, this is where things are starting to look very fun, we are getting our first green bar on the histogram and our first black cross, this signals a bullish squeeze and we are looking for this to continue building up bull momentum along the way, we want to see bigger green bars each day showing us the momentum is there along with the black crosses, and then at some point we will start to receive grey crosses signaling the squeeze release which usually sends us on a very nice run to the upside, so definitely keep an eye our for those grey crosses and continued growth coming from our green bars! Now the ADX or average directional index, we are actually starting to turn a little further to the downside which isn't a huge deal for now but what we need to see and want to see if we keep seeing a decline is us catching that green support level slightly below us and get a nice bounce and reversal, this is something we should watch with a close eye. My thoughts are that we indeed will bounce off this support level and i feel we are only showing downside on the ADX due to us trading slightly downwards in this descending triangle, if we see a breakout to the upside that will definitely change the ADX and we will be in the midst of a reversal on this index! Not financial advice just my opinion!
KRAKEN:ADAUSDLong
by JacobR905
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder. This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending. Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin. Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum. Either Bitcoin crash, and all other crypto also crash due to the same environment system. In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system. That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano. Why? That answer is simple. Leader. Whoever once control the bitcoin, will control other coins. Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI. Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins. Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end. Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays. In my calculation of the century, Cardano once again will visit the key value of $1.550. Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding. What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder. Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene. We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance. The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings. We learn something that even a believer holder once a panic attacked will withdraw their funding. The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment. The success of Cardano is dependant. But Bitcoin is otherwise - undependable As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins. Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021. All the agenda will be revealed one by one. Zezu Zaza 2048
Short
by Zezu_Zaza
3
ADA updateMy previous analysis was expecting ADA to explode. However, it seems the big players played buy the rumour sell the news. I am now growing less confident in the imminent pump of ADA. To clarify, it is an excellent holding for the next four months. I am talking for short term trades for 2-3 weeks. Although there are few excellent bullish signs, such as the bullish engulfing below the support (highlighted), the major timeframe is heavily oversold (stoch rsi). I cannot stop heaving that feeling that one last drop is imminent. Bearish signs are many as well. With the short-term indicators getting overbought, the weekly stoch rsi formed a bearish cross on the overbought area, volume very low on the bullish engulfing and mainly a Head n Shoulder in the four h frame. Hence as a precautionary move, I will exit ADA on the next move to the 50VWMA (short term funds). I will re-enter if the diagonal dynamic resistance trendline is violated with an opening and close above it. Just bear in mind that my final target for ADA is 20 dollars in the next 4 - 5 months, so I am not touching my long-term holdings. Feel free to share your opinion
BINANCE:ADAUSDShort
by CFcryptoTA
2
ADAUSD We Have A Massive Bull FlagDisclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this. I just found something very interesting while looking at the daily chart of Cardano - A massive massive bull flag. This will take times to play as I am not here to swing or day trade my asset. A short-term TA of Cardano might not look great and I know many of us are being discouraged at the moment. Thus, I would like to put out this chart to give everyone a zoom-out picture of Cardano. Please note that since Alonzo hard fork happened on September 12th 2021, we have a total of 2,334 smart contracts being deployed on Cardano blockchain. Hodl on to your ADA, we have a very bright future ahead. Thank you and happy trading!
KRAKEN:ADAUSDLong
by ktrinh042
16