Cardano(ADAUSD) IN IRREGULAR CORRECTION SHORT TO $0.8Macro-level
Looks like we are still in Wave 3 of the 5 wave series for Cardano(ADAUSD)
The Wave 1 was completed in 2018 at $1.3
Wave 2 ran for a very long period till end of 2021
We are now in wave 3 for the bigger wave cycle
Wave 3 is an impulse wave with 5 sub-waves (1-2-3-4-5)
In the bigger Wave 3 we are in sub-wave (2)
Looks like Sub-wave 2 is making an irregular correction (A-B-C)
Micro level
In a complex A-B-C irregular correction the waves are subdivided into 3-3-5
W(A) is a 3 wave ended at $1
W(B) is a 3 wave structure and ended above the start of wave(A) at 1.38% extension of W(A)
Wave(C) is a 5 wave and drastically drops to the end of W(B) or even a little lower to 1.618% of Wave(A)
We are now in the 5 wave series of Wave(C) - its at sub-wave(4)
If we are in the downward cycle with the whole crypto market going down, my guess is this might end at 1.618% at
$0.81 in the next few weeks
Please comment and appreciate your feedback
Cardanobtc
ADA is ready to fly!Breakout has happened as I expected. Now bulls must keep the ADA price above 1.5$ to see another uptrend.
Buy your ADA above the current support area, But be aware that a fake breakout can happen, So set your STOP LOSS carefully. Also set stop loss for sure!
Write your question in the comments, I'll answer.
Also, see my previous ADA analysis for sure, That's related to this analysis.
Cardano is pumping but don't buy it yet!Cardano is going to break out the strong descending channel top, Also we need to see a breakout of 1.5$ to be sure of future positive movements.
Personally, I will buy ADA after stabilization above 1.5$. Don't forget that, Buying this coin before the breakout of 1.5$ is so risky.
adausdtCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
ADA CARDANO🧨🧨🧨100% Profit 2 monthHello, all my dear friends, I left the analysis of Cardano. In the analysis of Cardano, you see what you have, especially in these cubes. We see numbers with the numbers of support and resistance that exist. I showed myself based on analysis and forecast. In 51 days, Ada Cardano will start the uptrend from $ 1 to $ 2, and the downtrend of the third wave will start at the same time with the third downturn of Bitcoin and will go up to 38 cents.
My servant Manouchehr Azar, I am your friend from Iran, I speak Persian. I expressed my analysis on YouTube in Persian. Unfortunately, I was not fluent in English.
ADA, the price is squeezing, that's a signal for a breakout.The ADA is near a key level. It is worth noting that this is not the first time the price has tested this key level as resistance, and the last breakout was false. But with each test, the resistance is weakening and may soon be broken.
In case the price squeezes near the key level and breakout, there could be a good buying opportunity.
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.
ADA - two best buy scenarios!!!A large trading range is worth highlighting on the ADA chart. The price attempted to move out of this range but failed to close above the upper limit of the range. Cardano then moved back into the large trading range.
While the market is in an uncertain position, several scenarios are worth highlighting.
The first and best scenario is for the price to return to the upper boundary of the trading range, squeeze, and breakout.
The second scenario is a continuation of the fall and liquidity gathering below the key level.
A good buying opportunity could be a squeezing and breakout of the upper boundary of the trading range, or a false breakout of the key level or the lower boundary of the trading range.
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.
CARDANO- Our Sleeping Queen needs a Kiss to break over 1,5 Charles Hoskinson attempted to give the magic kiss when he Shared the Cardano Plans for 2022.
The Cardano founder also used his talk to slam networks that "purport to be decentralized. "
On Christmas Eve, Cardano founder Charles Hoskinson posted a 30-minute Youtube video where he reviewed some of Cardano’s greatest achievements for 2021 and shared some of its biggest plans for next year.
“There was a tweet from 2020 where I said, ‘I predict by next year we’ll have thousands of dApps and hundreds of assets on Cardano,’ and I got it wrong in both directions,” said Hoskinson.
According to him, instead of hundreds, there are now over two million assets issued on the Cardano network, the majority of which are reportedly NFTs. Concerning the expansion of decentralized applications (dApps) on the network, however, Hoskinson said, “we have yet to see significant traction there.” He claimed that this was due to the delayed release of the Goguen update, which introduced smart contracts to the network.
DeFi On Cardano
The deployment of decentralized finance (DeFi) on the Cardano blockchain has been a long-awaited event for both the network and its supporters. With smart contracts capability launched in September, expectations have grown even more as investors anticipate the launch of the first DeFi protocols. Developers continue to work hard towards this goal.
Hoskison took time to address this important part of the Cardano network as he explained his plan to bring affordable loans to the network through DeFi. He outlines this goal as something he is working towards so that by the second half of 2022, there can be working protocols on the network where people are able to perform end-to-end Microfinance transactions on the blockchain.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. So that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail,” Hoskinson said.
What a year this has been for ADA. From 20cents to 3$ and ready to repeat the success in 2022.
One Love,
the FXPROFESOR
ADA, first target reached, waiting for the second target!In a previous idea, I said that there was a good buying opportunity on the Cardano chart.
What were the preconditions for buying?
-accumulation
-breakout of the trend line
-a drop of 60% from the high
-high volume at the bottom
Price reached the first target, now I expect the price to be able to reach the second target.
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.
ADA, the best entry point is here!!!Cardano is in a global trading range between $1 and $1.5. It is worth pointing out that the coin has already corrected by 60% from its high, which is a very strong correction. And after such a fall, it is worth looking for reversal points.
We still believe that the market is still in a bull market despite such a strong decline.
But it is worth highlighting that the best opportunity to buy ADA would be a false breakout or a rebound from the lower boundary of the trading range. But that does not mean that the price cannot go up from the current levels.
It is worth pointing out that we do not take positions in altcoins for more than 25% of our capital, we advise you to do the same. Plus make sure you have a clear strategy for trading!
💚Like us, subscribe and write down what you personally expect from the market now. Links below
ADA - two best buy scenarios!!!Yesterday we did an analysis of the bitcoin chart and there is a possibility that bitcoin will make another wave of decline. We don't know how much bitcoin will fall, but if it does, all altcoins will fall even more.
While there is uncertainty in the market, it is worth waiting for good entry points.
Good buying opportunities would be a false-break of the $1 level or a squeeze and a break of a key level.
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.
CARDANO ALMOST ON THE LAST SUPPORT AREA.Cardano almost on the last support area.
Price around 0.986 - 1.062
Price previously reversal there, just wait and see before take position because for now still too risky.
Wait for confirmation before take any position.
note: only take position after confirmation and do your own research before trading.
Time to Buy Cardano or Sell?This quarter should be acquired!
The state of the crypto market is unspeculative and futile, but still not so. During 2022, Cardano has another breakthrough up its sleeve, including the fact that bitcoin is a super-purchase, as analysts believe that the framework with strong signals may rise to 100,000, during 2022.
My analysis indicates a short and volatile progress
Cardano during the next month can adhere to. The drop point is 1,020 and the altitude height is estimated at 2.6.
Merry Christmas.