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📡HOUSTON - CARDAaaaaaano 🛸🛰️Lift off is happening. You had been worn. Next resistance at 2,44 can be smashed if BTC helps and keeps resisting and rising. There is no secret ADA, I love you. News: Bitcoin and Ethereum Struggle While Cardano Rallies Above USD 2. Bitcoin price started a downside correction below the USD 45,500 support. BTC even broke the USD 45,000 level and extended its decline. It is currently (04:00 UTC) trading well below USD 45,000, and it could extend losses below USD 44,000. Crypto analyst and influencer Elliot Wainman is shining a spotlight on a handful of altcoins that he believes are ready to erupt in the coming weeks as the entire crypto market continues to rebound and Bitcoin floats within the $47,000 range. In a new strategy session, Wainman tells his 347,000 YouTube subscribers that Ethereum (ETH) will likely continue to rally, as it hasn’t come close to the previous high it had reached before the May crash. Wainman notes that as Ethereum gets closer to achieving a proof-of-stake consensus mechanism and as it continues to implement its EIP-1559 upgrade, the asset will undergo a massive supply shock. Let's Go , ADA! the FXPROFESSOR
Long
by FX_Professor
5
🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite. As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork Oh! and some news about Binance: cointelegraph.com One Love, the FXPROFESSOR
Long
by FX_Professor
12
ADAUSDT holding strong support level. Might see an uptrend soon.ADA is trading at $1.3 right now and trying to move towards the immediate resistance of $1.45, which if broken is a good place to buy and hold some of it. For margin or future traders, it might as well be a good place to open your long positions with a tight SL of 3 to 5 percent. If we see closely, the price is holding the support level at around $1.04 which is acting as a strong support level for a long time for ADA. The price tried to break this support level multiple times but was unable to do so. However, if this support breaks it might see a further downward price movement to $0.4 We can also see that if it trades between the strong support and immediate resistance level, this zone might act as an accumulation zone for an uptrend. EMA9 has crossed up EMA26 and if we see some good volume in a few days, it might move towards the immediate resistance level to break it and move upwards. On the other hand, if the volume drops even further and the sellers keep on selling, it might visit the strong support level once again. Do let us know what do you think about this analysis in the comment box below. Always do your own research before opening a new trade, and use proper risk management to protect your capital in the event of extreme volatility. Follow us for more trading ideas and educational content Happy Trading
by Tuned_Official
ADA CARDANO- the Definition of a Buy Stop orderA Buy-Stop order is when you place an order to buy at a higher price (over a resistance). As we had stated on our last ADA CARDANO post, the 1,398$ mark is a hug resistance and it remains as such. Take a look , we were right again In simple words: it might not make too much sense to a beginenr but in many occasions (this one being a great example, the definition) we prefer to buy at a higher price, over the resistance, when we are re-assured that the price is poised for a bigger price tag. Buy Stop orders over this resistance at 1,398 Cardano remains our favorite. the FXPROFESSOR
Long
by FX_Professor
4