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Cardanobtc

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
Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins. Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary. Where and when to buy? a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
by Yuriy_Bishko
6
Cardano - 2 scenarios that will tell you what to do! 😉The whole market was expecting a correction, to buy bitcoins and altcoins at a discount, but the market is not going the way most people expect it to, and yesterday there was a very strong spike, bitcoin was up 18%, there were very many liquidations, which actually happened with altcoins as well. What's on the Cardano chart? The price is also in a consolidation range, now it is close to the upper limit. There are potentially 2 possible developments: - first scenario, the price quickly approaches the upper boundary of the consolidation, makes a false break, and goes down - second scenario, the price will squeeze near the upper boundary, make a breakdown, retest the upper boundary as support and go higher. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
12
ADA CARDANO - 1,3980 is a Major Resistance (still)You guys ask why I don't post on Cardano lately. Well here is the updated chart which clearly shows that unlike Bitcoin we are still under (below) major resistance. The news remain good with Portfolio Strategist Expecting Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether All tis while 'Smart Contracts One Step Closer to Hitting the Cardano Network' All this until the 1,3980 is breached over and we can buy again. One Love, the FXPROFESSOR
Long
by FX_Professor
10
CARDANO TAKING OFF NOW!As requested, here is our Cardano analysis! We have seen Cardano bouncing from the same support level since the start of the current bull-run. The $1 psychological level is considered as a great entry point for retail buyers. Also, spikes below this level are usually reversed by low frequency buyers. At the moment, we have seen a massive bullish candle that could be the start of a new rally from this well-known support. The developers have been planning the smart contracts implementation and scalability. So we may see a notable development after Ethereum EIP1559 launch.
KRAKEN:ADAUSDLong
by CryptoAlkaline
ADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HANDADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HAND We are about to find out if bag holders get massacred or shorters get squeezed to death. I am holding bags praying. Pivot point is way to obvious. either way be careful with your positions. Alts can dump another 50% EASY if its down. This one chart pretty much sums up the whole ALT market right now. GOOD LUCK FELLOW DEGENS DEATH OR GLORrrrrrrrrrrrrrry
Long
by Crypto-Quantum-Fox
4
ADA- We haven't Forgotten YouADA Cardano would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. Here is our updated chart with main support levels to assist you. With these good news of Rwanda-Based NGO Partners With Cardano Foundation to Launch ADA Crypto Charity Platform and also these GREAT news of Grayscale Adding Cardano To Large Cap Fund Ahead Of Key Update, one can feel confident that the timing would be good to embrace Cardano again. One Love, the FXPROFESSOR
Long
by FX_Professor
3
Cardano accumulates strength for a strong move 🧨🤯The last few days have seen no strong movements on the Cardano chart. Volatility has decreased and this means that price is building up strength for the next strong move. Which way this move will go cannot be predicted 100% but the chart shows that price is trading in a local triangle, slowly pushing towards the upper boundary. If the price continues to squeeze, breaks the upper boundary as resistance and tests it as support, it could be a good opportunity to enter the position, with the targets higher! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
17