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Cardanobtc

Cardano - 2 scenarios that will tell you what to do! 😉A trend line has been forming on the Cardano chart for a long time. It is currently acting as a strong resistance. If Bitcoin rises or continues to consolidate, Cardano could follow the first scenario and break the trend line. But it is also worth highlighting the second scenario, right now bitcoin looks very weak, and in case of a correction, Cardano will also correct. In that case, it is best to buy after a false breakdown of $1.8 level or after a breakout of the trend line. 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.
Long
by Yuriy_Bishko
5
$ADA to go on a couple short bull runs into Feb '22? First time sharing a trade but just couldn't help but see how $ADA has been performing YTD. Of course, this is $ADA/$BTC--I prefer $BTC markets myself. Anyway, this is in no way financial advice, just simply speculation of historical patterns. Invest at your own risk! I do have some bias towards Cardano by being a pretty big fan of the project. Anyway, even the RSI is looking insanely low. Also, I drew in an estimated ema cross. Not guaranteed but if it does, it could show a sign of trend reversal. Which looking at $ADA's history, we could see some nice runs. Best of look everyone out there! Cheers
Long
by ekcharette1157931
Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada. Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021. Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though). Sell around January 30, 2022 if pricing follows the light-pink bars pattern. Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely. Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands. Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above). Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected). The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns. *This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.* related Cardano published idea linked below:
Long
by marcosdaunte
Cardano (Breakout)Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall. Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021). Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December). A general breakout following the green rounding bottom is expected.
Long
by marcosdaunte
Cardano(ADA) is going to pump after this breakout!As you saw Bitcoin did break its flag pattern (See related analysis), and goes up very good. Altcoins like ADA always are late in climbing but they climb finally! Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price. IMO an strong breakout will happen according to technical analysis and Market situation. A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections. Don't forget that ADA Just is heavy because of its market cap and this delay was expected. Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen. Like and comment for more analysis like this is needed! Be Profitable.
Long
by TahaZargar
7
ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside. The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls. Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin. Cardano Price Stuck In Wide Range Cardano spears stuck in a wide range, marked by the demand zone in green and the red area in red on the daily chart. Bulls firmly defended the support accentuated by the 100-day Simple Moving Average (SMA), a move that ensured that declines did not stretch to $1.5. The token commenced recovery together with other crypto assets on Friday but lost steam before reaching $2.5. The 50-day SMA added weight to the resistance, cutting short the uptrend eyeing $3. Meanwhile, the Moving Average Convergence Divergence (MACD) highlights a buy signal hints at the trend leaning upward. As the 12-day Exponential Moving Average (SMA) crossed above the 26-day EMA, the odds soared in favor of the bulls. The momentum calculating technical index only needs to rally above the mean line to validate action above $2.5. At the same time, the Relative Strength Index (RSI) confirms that neither buyers nor sellers have the upper hand. This trend following tool also calculates the strength of the bulls and the bears. Currently, the leveling motion implies the prevailing consolidation will last longer. The IOMAP by IntoTheBlock reveals the absence of a robust resistance with the ability to hinder bulls from achieving their goals, at least to $2.5. According to this on-chain metric, the only area of interest runs from $2.22 to $2.28. Here, the slightly more than 101,500 addresses that purchased 2.41 billion ADA will be trying to break even, thus reducing the impact of the buyers. However, if the price slices through, the run-up to $2.5 will be quick. On the downside, Cardano sits on top of robust support spanning from $2.15 to $2.21. Here, around 132,400 addresses previously bought 5.58 billion ADA. It will not be easy for bears to break this support barrier, leaving ADA safely above $2.1.
BINANCE:ADAUSDLong
by CoinGape
2