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Cardanobtc

ADAUSD (8h): bottom maybe reached. huge potential possible.Cardano is developing a smart contract platform. Cardano is currently at number 7. The Smart Contract approach will fundamentally change the world over the next few years. There is agreement on that. At the end of the day, only a few platforms survive. Cardano could be one of them. Currently the price is low. A token like Cardano has the potential to go back to 1 USD and much more. Possible targets: Fibo 0.236 ~ 0.37 USD Fibo 0.382 ~ 0.55 USD Fibo 0.500 ~ 0.68 USD Fibo 0.618 ~ 0.80 USD Fibo 1 and ATH ~ 1.26 USD Fibo 1.618 ~ 2.00 USD Let's see what happens. Happy trading. :-)
BINANCE:ADAUSD
by BTCINVESTING
7
ADAHello all! I want to explain the lines on my screen here. The most important line in play is THE DOWNTREND LINE! Until we break out from this longterm downtrend line we ain't goin nowhere! ( line goes from upper left to lower right) #2 the LONG TERM UPTREND LINE! If we get a pop break out this is resistance until we confirm above this! After that it is SUPPORT! #3 is the bottom RSI indicator. Triple bottom and moving up for now. If you want to be safe wait for all these three to confirm and buy. Keep an eye out though this might happen fast once it happens, I am not saying it will happen soon! Obey the horizontal lines they are long term support/resistance lines. THIS IS LISTED AS NEUTRAL BUT I AM IN LONG and ready to sell if we break lower. anything under the 2475 mark is baaaaad SO : tight stops for the drops and sell at fib resistance if breakouts dont confirm above or just HODL and if you are why read this?
by orbsatchel
Cardano is about to set sails!Hello everyone, welcome to my daily TA. Today we are looking at Cardano (ADA) dipping into the buy zone, and going slightly above it, with good chances of returning to it until it hits the Fib retracement line which meets the trend line. We may have found a bottom, and are about to spike up. RSI confirms that the Fib retracement is the actual "oversold" line for it as well. Not much more to say about it, except: STOCK UP ON ADA, it will be wild. Cardano did not cope well with the downtrend of Bitcoin as well as global alt selloff which resulted in some more BTC market dominance, but now is the time to buy, since it will go back, and IT. WILL. BE. BIG. Good luck trading folks!
Long
by CryptoNapp
ADA/USD - 3/1/2018Good morning, Traders! Cardanos price has recently broken out of a smaller descending triangle to create this longer-term one. Most descending triangles have a very high chance to break bearish rather than bullish. Although, due to the magnitude that this break will entail, I don't believe holders and supporters of this coin will allow that to happen. If the triangle were to breakout to completion, the final price afterward would be in the negatives (which obviously isn't possible). This would mean that the volume would essentially completely die and all remaining volume would be bearish. Just holders selling off what they have before the price reaches 0. That is a very far-fetched claim to make. So, because these descending triangles still do, on occasion, break in the bullish direction, I believe this situation will show that. Along with the triangle, the price is reaching the end of its correction wave cycle. I am claiming that it is nearing the end due to the fact that the price is also consolidating now into a very tight area. The breakout of the triangle would also indicate the beginning of a new Elliott wave impulse wave cycle and the breaking of the 2/1 Gann fan indicator. This would also indicate a reversal into the bullish direction, if not just more bullish price movement. Important Resistance Levels: 0.374, 0.450, 0.551 Important Support Levels: 0.2567, 0.208 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
BINANCE:ADAUSD
by EQBM
3
Cardano offers limited downside- Short tf (4hr) analysisMy original post for a possible sell off in Cardano can be found here I have updated that particular post as it was based on Elliott wave analysis. I decided to look at the trendline in Cardano in this post and also look at where support is to investigate what current price action offers in terms of risk to reward. The current sell off in Cardano which started on Jan 4 2018 has a limited downside and this is exemplified by a break above its downward trendline shown in red. Two possible scenarios for a bullish trade are given below: (1) A breakout above the high made on Feb. 25 2018 of ~0.00003520 and then using the price low of ~0.00003054 as stop loss (SL). Using Target 1 as the range to take profit produces a great risk/reward ratio of ~4:1 if the bottom range of Target area 1 is used to take profit and a risk/reward ratio of ~6:1 if the bottom range of Target area 2 is used to take profit. In this scenario, the IDEAL point of entry (POE 2) into the trade is taken as 0.00003421 Range for Target area 1 = 0.00005507 and 0.00005940 Range for Target area 2 = 0.00006521 and 0.00006929 (2) If price continues downwards to the support and holds at the support range, then a long position can be placed on a breakout above support after price must have successfully tested the support area. The IDEAL point of entry (POE 1) into the trade is taken as 0.00002651. In this case, the stop loss will be placed just below the bottom range of the Support area at ~0.00002179. Using this IDEAL scenario will produce a risk/reward ratio of ~6:1 if the bottom range of Target area 1 is used as the point to take profit. Using the IDEAL scenario and targeting the bottom of Target area 2 offers even a greater risk/reward ratio of ~8.2:1
by Coin_Analyst
4
Short term analysis [4hr tf] analysis for Cardano- SELL OFF!Cardano made a high of 0.00009180 BTC on Jan 4 2018 and has been selling off since then. Wave W of an Elliot wave cycle is believed to have finished and is labelled wave w(in red).So far, the sell off in Cardano is shaping up as a WXY Elliot Wave structure, and we are in Wave Y of the WXY structure. Also shown on this chart is the long term trendline of Cardano which is also present on the Daily tf. Closing below this trendline is another reason to believe that the sell off will continue in Cardano. The blue lines marked on the chart show the area that support naturally exists for Cardano i.e. between 0.00002621 and 0.00002178. Wave Y also = 100% Wave W at ~ 0.00002768. This is indicated by the orange line on the chart. The 100% projection of Wave Y based on wave W is an acceptable projection for a WXY structure. Therefore this increases the chance that the sell off in Cardano will target this support area.
Short
by Coin_Analyst
ADA price analysis ( cardano btc price analysis )hey guy if your thinking to buy ada then you better have to wait some more dips its broke below 20 day EMA which is not good sign and also that 100 day SMA line crosses and its stay above which indicate lack of volume and trend good support and buying zone will be 2700-2900 Sats note: Cardano is a strong technology currency with very strong community if you buy on good dips then hold it tight expected profit 300% in mid term. good luck stay bless.
by Sunny_Sharma
ADA / Cardano: WHEN will the downtrend end?!Hi guys, A friend asked me to have a glance at Cardano… He asked “ should I buy this stuff? ” I am just going to list the things I notice in the chart, and things you should be attentive to: 1) There have already been two triangle formations with crucial Fibonacci supports as a triangle basis. Both of them failed in breaking the triangle upward, followed by a further downward move in price. 2) We don’t have many longer term Fibonacci supports left as you can seee – only the blue one at 2323 sat. But, we also have a shorter term support line at 3138 sat, which we just tested for a first time just now on the daily. 3) We are closing in on the end of this third triangle . The question will be once more: “up” or “out” ? With the knowledge that as for now, the bearish momentum is still intact (and remember: don’t bet against the trend or in the cheesy way that TA-ers always say “the trend is your friend”!) 4) Not everything is blood on the chart (well…unless if you have been HODL-ing this one since the top), but: MACD is curling - as slowly as possible though – to a bullish cross . That will be good news someday soon. Moreover, RSI is now in the heavily oversold area! So…we are looking for that bullish cross giving us a first buy signal. We want that to be confirmed by an upward curl in the RSI (let’s get that momentum back up!) 5) We are looking even more at the candle sticks . They are as red as can be for now. Given that this is a Heikin Ashi chart ( see my previous posts on TV for more explanation ), we want to see a doji or spinning top candle first AND a break-out confirmation on that candle (i.e. We want to see some green candles follow the doji / spinning top candle to the extent that the resistance of previous candle sticks gets broken. See example “X” and “Y" in the chart. 6) We want volume! Green volume! We have none for the moment. Only ugly red little bars. Let’s replace those. Conclusion: - We are entering a new zone of truth: up or out of this triangle formation. - Bearish sentiment is still intact for the moment. We are looking for signs of reversal. - Signs of reversal already closing in : RSI is heavily oversold + almost a bullish MACD cross on the daily - Signs of reversal we are still looking for : a doji candle signaling trend reversal, FOLLOWED BY green candle sticks that break the resistance formed by previous red candles + (more simply) break-out of that ugly downward trend channel (as represented by the upper white triangle resistance line). - Lots of green Volume!! - NOTE: this is purely the technical story. If you have important info on the fundamentals that might help us out in a trend reversal (e.g. Partnership announcements, rebranding, etc.) let my friend know in the comments! ;) - No need to start a trade on this one yet. At least not when looking at the daily picture. Be patient, prudent, and with your eyes open :-) (and the short answer - just to bully you I put it in the end - is: stay away for now, it is still too early to make a (purely technically motivated) buy decision). PS: this is by no means intended as formal investment / speculation / gambling advice
by A_Cryptastic_Mind
5
Can Cardano find the support?It's been a while since we saw Cardano tried again and again to find a support but every time failed. The 100 MA around 3300 and previous resistance around 3100 is a good opportunity for Cardano to find a solid support. keep eyes on it! If it holds and bounces back it is a nice place to buy some for long run. if this area breaks (considering the triangle) it can fall around 2000 which is a round number and a previous support. Further fall we will see 1200 which is previous strong resistance and today strong support. Enjoy the ride. ** Do the math yourself, you are the only one responsible for your money **
by viking_vp3
BIIIG profit potential for ADA....more than 150%Cardano the number 6 coin in marketcap hasn't got any big pumps lately and it has been in a correction wave for so long. It has a strong resistant between 2700 down the line to 2700. But it also might bounce of 3000, so you shouldn't be going all in from any entry point. Take parts starting from 3000 to 2500. If it didnt reach 2500 and started to bounce of at 2700 then go all in the join the train. Just accumulate in this region and gain huge profit later on. Sell whenever you feel happy.
by moking01
2
ADA going UPLooking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
Long
by dustyPH
ADA - what a stupid bloody name, baby name. Baby growing up 200%ADA, well well well. huge coin that had massive hype towards the start of the year. The general concensus is that this coin is great, has amazing developers and a very very very well thought out and jam packed roadmap. Lots of positive vibes around the coin, but also do take in mind that they don't really have a lot to offer right now other than a mainnet and wallet. They are trying to compete with ethereum as a platform for smart contracts and dApps, in a market that is already filled with competition, there's no guarantees that this coin will succeed, however the roadmap on cardano looks very promising. Short term - neutral to bearish. Bitcoin looks like its not finished with correcting yet, cryptocurrencies have largely fallen off the normie radar and are taking a break (quick search on google trend trends.google.com) shows that normie interesting is starting to cool off, in preparation for the next bullrun. long term - bullish Buy zone: 2 zones - 0.618 fib retracement: 0.00003690 - 0.00004190 - 0.718 fib retracement: 0.00002286 - 0.00002748 Sell zone: Only 2 in mind. I like mid term targets and dont worry about short term goals. 1) 0.00012000 - 0.00012500 2) 0.00017000 - 0.00017500 Me? I'm going to hold onto this for many years to come :) Fundamentals: ADA just has regular roadmap updates, They don't really offer timeframes as to when they complete stages in their development, but the closest one thus far looks to be the Ouroboros Staking protocol, which would allow ada holders to stake their coins. This would be massive progress for the coin in general and would serve to be a reasonable catalyst to catapult this coin up to the 1st target for 200% profits. Technicals: ADA has just completed its 1st 5 waves up of a supercycle up and is in a corrective phase right now. Currently riding between the 0.618 to 0.5 retracement levels right now. ADA looks to be forming a 5-3-5 zig zag corrective pattern and in the C wave thereis almost alway 5 subwaves within that. Something i notice about cryptocurrencies is that they do like their extended 5th waves which leads to me to believe that ADA may not be finished correcting yet and may see the 0.718 retracement region which is why I've provided 2 buy zones. RSI on the daily is approaching the bearish zone of 30 and MACD looks to be curling up ever so slightly. This shows the that ADA is close to finishing its correction but that's definitely not to say that its out of the woods, because it most definitely isn't, there is still room to correct, but the room to correct is running out of space as we speak. Using a conservative Fib Extension we target a little more than a 1-1 extension for the 1st target, because Elliot wave theory states that the 3rd wave is often the longest but never the shortest and 2nd target is derived from the final elliot wave targeting just a little above the 1.618 region on fib extension. I'm still learning TA, any advice on improving my analysis would be GREATLY appreciated. I welcome any criticisms and feedback. So go ahead and grill me :)
Short
by EnZo
3