Cardano higher low? As you can see on the chart, the price retraced and found support at .618 level. Note the large wick as buyers were able to hold ~2200 sats, also the 4h 'swing low' candle with two higher lows on either side of itself. If this low holds expect a rally to test previous swing highs.
However, this trade is risky due to bitcoin being as it is now, alts/btc could easily fall further if bitcoin made a large move to the upside.
Cardanobtc
CARDANO: COINBASE LISTING & MARKET RECOVERY - PROFIT = 23.98% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 18th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 23.98% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 5: IELE, a virtual machine with a universal language framework for translating and executing smart contracts, is in development to be deployed on the Cardano blockchain.
April 7: Cardano notifies of it's intention to launch beta test of Cardano for Linux.
April 8: Cardano is added to Coinswitch (a crypto-to-crypto exchange aggregator and users can compare prices of ADA and 300+ other coins across their partner exchanges - including KuCoin, Bittrex, Cryptopia, Changelly, Shapeshift etc.)
April 13: The first audit was carried out by FP 0.12% 0.55% -0.67% 0.32% Complete in conjunction with Cardano Foundation on the Cardano cryptocurrency.
April 17: Cardano is added to Binance cryptocurrency exchange.
April 27: Ouroboros Genesis, the latest version of Ouroboros, the algorithm powering Cardano. his feature matches the security guarantees of proof-of-work protocols that was previously thought to not be feasible.
April 28: Cardano is expected to launch 2 test nets in the near future: Yella test net (Cardano’s IELE Virtual Machine) and K-EVM ( Ethereum -0.26% 2.88% 0.71% Virtual Machine) with release dates to be identified soon.
May 7: Cardano releases formal specification for a wallet.
May 9: EMURGO announces Ada token acceptance on Metaps Plus which is one of the largest mobile payment platform in South Korea. This is the first Asian cryptocurrency integration into mobile payment platform
May 19: The Chinese government has produced the first ratings table ranking cryptocurrencies with Cardano ranked at number 7.
May 23: Cryptopia (New Zealand Cryptocurrency Exchange) lists Cardano.
May 29: Cardano ( ADA ) launches Smart Contract Testnet (KEVM smart contracts testnet). Developers will be able to take any application that runs on the EVM and execute it on the KEVM - This is a necessary step towards the promise of third-generation blockchains.
June 15: Bitthumb lists Cardano.
June 20: Etoro allows trading of Cardano.
June 22: iceCUBED Exchange announces that it aims to list Cardano.
June 30: IOHK releases a paper called the ‘A Treasury System for Cryptocurrencies’. This aims to resolve the “lack of secure and community-inclusive long-term sustainability of funding”.
July 14: Cardano announces the addition of Goguen feature which aims to deliver smart contract capability for the Cardano computational layer.
July 14: Coinbase announces that it is exploring the addition of Cardano it's platform.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
CARDANO BUTTERFLY, W, DOUBLE BOTTOM PATTERN - CryptoManiac101As you crypto maniacs can see, we have number of bullish patterns emerging here.
Quick Q and A...
Can it go down? Yes, of course it can, this is crypto - anything can happen.
Will it go down? Most likely no, but support area I would be watching is ten cents or near it.
Would you invest in it today? We are actually invested in it currently, however if you're reading this after July 16, then make sure you check our live portfolio for up to date information.
What your ultimate target? Above $100
What is your realistic target through January 2019? $4 and above
Support zone? We have firm support at 12 cents
Do you believe in Cardano project? Yes, I believe they are close on solving proof of stake which will take it to moon, one way
Is this a short term investment? Yes and no. Depends on how much you want to make. Longer term investments tend to usually bring in higher profits at much lower risk. If you have patience, we would always recommend going in long term.
Will you stay in Cardano long term? No, this is a short term trade for us because we don't have patience and there are other crypto's which we do not want to miss out on such as Tron, Verge, Bytecoin, Ripple and many more.
HERE IS OUR CARDANO BITCOIN CHART ANALYSIS
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
CARDANO - WHY WE JUST LOADED $2,500 INTO IT - CryptoManiac101What's up crypto maniacs!
We just invested $2,500 of our public portfolio (which you can live track with link below) into Cardano. We will be holding on to our Ada until August for sure and then decide if we want to stay or move, since Ripple should be looking much better by that time and was our preferred pick originally, however after doing analysis it appeared to be stuck at support zone, with no movement for weeks now.
Cardano on the other hand appears to be in classic butterfly pattern which if we are correct like before, should result in some grand upward movement which would be profitable of upwards 400%
Keep in mind that we might switch out of this trade if we see sideways movement which would move this trade into a medium term investment vs short term which is what we are looking at.
Meanwhile we are looking at Tron, Verge, Bytecoin and Mainframe to see if there is higher short term movement possibility.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
PUBLIC PORTFOLIO coin.fyi
ADABTC Binance 4H up to 09JUL18 Crypto Trading Analysis (TA)BINANCE:ADABTC
4h Chart, also works in 1H, at this time CARDANO (ADA) is moving up from the SUPPORT ZONE (0.00002097 BTC), gaining strength to increase its price. The 50, 100, 200 MA 100/200 days signals already pierced after converging into an ascending movement a couple of days ago, the MACD Indicator signals already pierced below the Histogram (GREEN ARROWS), and the RSI Index is in Bullish after reversing from a descending movement to the 40 mark (BLUE ARROW), we could spect the ADA price to move UPwards in the next days. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is in the 270 Billions Band and the BTC is traying to push over $6.7K. Good Luck!
4h Chart, también funciona en 1H, en este momento CARDANO (ADA) se está moviendo ascendentemente desde la ZONA DE APOYO (0.00002097 BTC), ganando fuerza para aumentar su precio. Las señales de 50, 100, 200 MA 100/200 días ya cruzaron después de converger en un movimiento ascendente hace un par de días, las señales del Indicador MACD ya cruzaron debajo del Histograma (FLECHAS VERDE), y el Índice RSI está en Bullish después de retroceder un movimiento descendente hacia la marca de 40 (FLECHA AZUL), podríamos observar el precio de ADA moverse hacia ARRIBA en los próximos días. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, Market Cap está en la Banda de los 270 mil millones y el BTC está tratando de impulsar más de $6.7K. ¡Buena suerte!
“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin,” — Steve Wozniak, co-founder of Apple
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
ADA can strike again? | ADABTCEnter in blue boxes, out at greens!
Ada showed a very health correction after seeing the aforementioned resistance at 2400. It may now start for an Elliot Wave, depending on the BTC movement.
If we get the price strength confirmation in the blue regions we may see re-test of 2400 and and a new rally to higher regions.
Crypformation: ADA - Upcoming Events
31 July 2018
IELE VM, a register-based machine inspired by LLVM, will be released on testnet between June and July.
Validation: 740/766
30 September 2018
"People will be able to use Ada to make everyday purchases in more than 33,000 stores in South Korea...," around Q3 2018.
Validation: 29/29
Stay tuned.
CryptoCholics out, Peace out!
ADABTCCardano: now on a good position for long;
wait to test again the support between 1650 - 1850 satoshi and expect price action in this zone
if all thing are good for go long; we put SL under the zone and follow the price untill broke above the down trend (red line) and olso broke above the up trend (the yellow line) , the next resistence at 3430 satoshi is very important to say that we change the trend from the down trend to up trend.
TP: Green line
ADA Has A Resistance Waiting! | ADABTCHello CryptoCholics followers,
We see ADA has to overcome the strong resistance at 2400 to show some strength. For now, ADABTC is priced inside the triangular region formed by 2400 resistance and red trend line.
If a breakout occurs for ADA above 2400 then, 50, 100 and 200 day moving averages will appear as resistances.
Crypformation: ADA - Upcoming Events
31 July 2018
IELE VM, a register-based machine inspired by LLVM, will be released on testnet between June and July.
Validation: 740/766
30 September 2018
"People will be able to use Ada to make everyday purchases in more than 33,000 stores in South Korea...," around Q3 2018.
Validation: 29/29
Stay tuned.
CryptoCholics out, Peace out!
ADA / CARDANO - Attractive For Buying or Selling?ADA/BTC update:
The price has reached resistance zone and this is decision point which direction it will go. The past performance shows that this has been very attractive level for selling. Daily candle closing above of 0.786 would indicate that bulls are in control and break out upwards can be confirmed with expanded volume. Without volume it's more likely to fail than succeed.
Moving Averages are crossing which is signaling that the price wants to push higher.
Steadily increasing buying volume is indicating that if it's going to have retrace it's more likely going to be shallow.
Conclusion:
The daily candlestick is showing indecision with small body inside of the resistance zone and it's better to wait for confirmed signals such as increased volume and close above of 0.786 fib level for example.
Buying at these heights is risky as seen in the past performance as it has been very attractive zone for selling. Taking partial profit here is likely better option and adding more to my position if it retraces down.
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr
Cardano little Bullrun?Hello everyone! Hope all of you are doing good in this shaked cryptosurfing.
Let's see what could happen with Cardano ADA BTC.
Seems that it must go down to 0.00001950-1960 for than have a litlle bullrun which will reveal if it can keep going up to the sky or if it simply goes back to a lower level and build a stronger support.... All that in the green path...
This is just an idea using a few trend lines and 2 Bats patterns that looks like fractals (green is the little version of the pink one).
Consider this is a very positive scenario where reversals reach high levels cause the bad view always will have as top 0.382 levels.. so if that was the case, the green path must be squeezed to 1/4 at least (green 0.382 level = 0.000022 btc)
All comments, ideas and feedbacks are welcome.
This is just for educational uses.
If you like my ideas, please hit Like, leave a comment and share them!! And dont forget to follow me for more.. i will do some short analysis of several coins in this days.
GoodTrade
-CJ-
CARDANO: BITTHUMB & ETORO LISTINGS - PROFIT = 10.95% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 10.95% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
April 5: IELE, a virtual machine with a universal language framework for translating and executing smart contracts, is in development to be deployed on the Cardano blockchain.
April 7: Cardano notifies of it's intention to launch beta test of Cardano for Linux.
April 8: Cardano is added to Coinswitch (a crypto-to-crypto exchange aggregator and users can compare prices of ADA and 300+ other coins across their partner exchanges - including KuCoin, Bittrex, Cryptopia, Changelly, Shapeshift etc.)
April 13: The first audit was carried out by FP 0.55% -0.67% 0.32% Complete in conjunction with Cardano Foundation on the Cardano cryptocurrency.
April 17: Cardano is added to Binance cryptocurrency exchange.
April 27: Ouroboros Genesis, the latest version of Ouroboros, the algorithm powering Cardano. his feature matches the security guarantees of proof-of-work protocols that was previously thought to not be feasible.
April 28: Cardano is expected to launch 2 test nets in the near future: Yella test net (Cardano’s IELE Virtual Machine) and K-EVM ( Ethereum 2.88% 0.71% Virtual Machine) with release dates to be identified soon.
May 7: Cardano releases formal specification for a wallet.
May 9: EMURGO announces Ada token acceptance on Metaps Plus which is one of the largest mobile payment platform in South Korea. This is the first Asian cryptocurrency integration into mobile payment platform
May 19: The Chinese government has produced the first ratings table ranking cryptocurrencies with Cardano ranked at number 7.
May 23: Cryptopia (New Zealand Cryptocurrency Exchange) lists Cardano.
May 29: Cardano ( ADA ) launches Smart Contract Testnet (KEVM smart contracts testnet). Developers will be able to take any application that runs on the EVM and execute it on the KEVM - This is a necessary step towards the promise of third-generation blockchains.
(NEW) June 15: Bitthumb lists Cardano.
(NEW) June 20: Etoro allows trading of Cardano.
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
CARDANO rejected at the trend lineAs analyzed and predicted on June 15, Cardano came back to re-test the trend line from the downside. The coin broke the trend line support on May 28 and then pushed higher to re-test the trend line that now acts as resistance - previous support. Since touching the trend line at 0.0000267, Cardano rotated back lower without making any significant correction.
The coin only briefly stopped at 0.0000220, as explained in the analysis from June 15, moved lower towards 0.0000200, reacted from that level and returned to re-test the 0.0000220 previous support, now resistance. However, since we are in the downtrend, the coin continued back lower and now testing again the 0.0000200 level. If the break occurs, watch out for the quick move to the big support level - 0.0000166.
At this stage, we advise to stay patient and wait for the potential test of 0.0000166 before conditions are staged for the more significant retracement.
$ADA #CARDANO - DOWNTREND - finally ending NOW???Hello Lads and Ladies,
For todays TA we are looking into ADABTC once again. As you may know, I am trading it for quite a long time, because it has a nice predictable volatility.
We have seen a very big breakout going up to 4185 satoshi after which ADABTC has been in a very hard and steady downtrend. It has found its bottom as I have been saying at 2400 satoshi. From there on it has broke the steep downtrend and went up almost over 30% to its previous support and resistance line at 3000 satoshi. From there on it continued a downtrend to its intermediate support at 2650, from where on it was supposed to be heading towards the big resistance line and maybe even break the trend by doing so. Nevertheless, the whole market was taking a big hit during that time what caused ADABTC to fall down to its previous support of 2400 satoshi.
The market pushed it even under the very strong support of 2400 so directly afterwards it bounced up to the 2650 support line, it was supposed stay at before. Nevertheless, by touching this support and ALSO the downtrend resistance, as well as not having enough momentum and volume to continue pushing through the downtrend resistance, it got rejected there and fell down to the 2400 satoshi support. Doing this, it seems to be forming a double bottom and since it is very near to the end of the downtrend resistance it should have it very easy to break it and to at least spike to the region of 2650 -2800 satoshi.
ANYHOW, you should never forget that there still is the possibility of ADABTC getting rejected again and continuing its downtrend towards thee next support of 2200 satoshi. That is the reason why I have put only 5x leverage long on ADA while writing this article.
Although, if you take the lows into consideration, we see higher getting lows and lower getting highs. This all coming together at this one point right now. If everything goes well, we should see a nice spike.
In addition to that, there are once again good news about Cardano, even people asking about it hitting $10 by the end of this year. I am pretty bullish on this one and as I remember trading ADABTC this is a very exciting point.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
Cardano(ADA) Long PlayEven though cardano is still at a large valuation , it is imperative to know that its at the forefront of innovation in the blockchain technology. I'm no coder but i see regular and good community interactions on Github. They also release Youtube videos about their progress which makes non tech people understand better.
I believe its marketcap could easily tail or even surpass ETH with their progress rate in a year, so my targets are still considerate considering how muchmoney EOS could raise outta just hype.
So my targets realistically are the previous ATH, but with considerate stops to propagate the risk of downside
Also, Charles Hopkinson is an awsome leader in the space.
BITTREX:ADABTC
Quick Update On Cardano (ADA)Hey Guys. im with my new TradingView Account, some of my friends are here already , welcome Guys :) and welcome to others that will enjoy us Soon :)
Let See Whats Going ON With My Favorite Coin 'ADA'
Personaly im Bullish on ADA, BUT for NOW we have 2 scenario . A break below 0.00002720 will lead us to 0.00002530 - 0.00002600 range, i'll have buy orders there for sure too.
If 0.00002720 hold we will go up from here. THATS SO SIMPLE . wait for confirmation before do a trade.
Happy Trading :)
The latest scoop on ADA VS BTC!Hey All, welcome to my newest no fuss analysis on Cardano!
As always, let's get straight into it:
The MACD has recently crossed over bullish, though there is not a lot of momentum at this stage. Volume has increased recently, but not enough to really support that this is a strong reversal into an uptrend.
Accumulation Distribution remains high and is slightly increasing which is a positive sign that this new dotted uptrend I have included will however hold out.
Further supporting this is the fact that the Aroon Up is still sitting nice and high, whilst Aroon Down is flat to the floor. Both positive signs for continuing up the dotted uptrend channel.
We are also currently positioned to test the 23.6% Fib level from which I expect we will initially be rejected from. This is because we have only tested this level once so far (way back on 25th and 26th of Feb), and usually we would expect at least a couple tests before breaking through and confirming previous resistance as support. The good news is that if we are rejected we should only retrace back to the bottom of the dotted uptrend line at around 0.00003150. From here I expect a bounce followed by another test of the 23.6% from which we should break through. Upon closing of the first daily candle above the 23.6% level is where I will be looking to trade from and up to about 0.00004100 when we will be testing previous weak support/resistance.
Trade safe and look forward to my update in a day or two!
Cheers
ADA Multiple reasons to buyShould be strong support at the 2566 for Cardano.
Longterm trendline support, 1:1 extension on the ABC and .65 retracement level all fall to this level.
BTC will play a large role in this trade so no targets to be set yet but we have a lot of reasons to suspect a bounce in this area.
Falling wedge can also be seen on ADAUSDT