It looks to us like #CARDANO is about to hit some resistance and reject to the downside against #ETHEREUM. Price has been caught in this closing wedge for some time and we're going Short once again off this top trend line. There is one layer of support going through this wedge which could be a good place to take some profits, but we'd also like to keep some of...
Cardano's just broken out of it's descending channel again, the first time this happened a few months back we pretty quickly returned back within and continued ranging; there's been a few wicks out since then but nothing dramatic or significant. But now we have a fresh breakout and so far it doesn't look like it's being rejected - this could mean gains up to the...
The biggest update for cardano is coming soon, on 22 september the vasil update. Since all the ETH speculators and gamble made gains and secured them, they might be looking for the next scaling investment, could they focus on cardano next? Will we see big gains in the next few days/weeks? Disclaimer : The information mentioned in my post should be taken with a...
They are messing with our minds. www.coingecko.com The total transaction volume is 90 million dollars. It's no joke, a stock market candidate with a total volume of all cryptocurrencies of $ 90 million and refuses to list trx. We don't need to tell you which coins will increase. www.forbes.com www.coindesk.com markets.businessinsider.com How many...
Ada/eth has been underperforming against ethereum. It is better to hold ethereum since Aug 30th 2021. I am trying to figure out where all this money is coming from and flooding into ada when they don't have smart contracts released yet. I don't see cardano as a contender against ethereum nor solana. Somebody please explain to me what protocols they are using in...
IF ADA REACHES THE TARGET PRICE OVER ETH AND ETH CHILLS FOR A LITTLE BIT THAT WOULD MEAN --> ADA BETWEEN 2$-2,5$ SUPER SOON!
Will ADA catch up with ETH? I’m leaning 75% bounce.
These zones are merely an indication of where ,in the past, there has been conflicting market psychology. Meaning there were people on the bullish side but also people on the bearish side. This could mean that at this price people take a profit or become less confident in the coin. Therefore we can use these zones with proper knowledge of price action and also an...
ADA/ETH is likely to regain the resistance level and it might go for the ATH in this bull market... Who knows? ;)
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000231). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAETH is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000231). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAETH is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Hello fellow traders! Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset. On the weekly chart there are several indicators showing bullish momentum. MFI- really oversold to the point where we really haven't seen these levels for quite some...
This is a follow up to my previous post. In my opinion, it might be a good thought to put your ETH buying power to work in Cardano (ADA) As you can see indicators are oversold possibly due for a reversal. Meaning Cardano might just increase your ETH you have now. Just about every time these level are reached, a possible reversal is a high probability. This is...
Technical analysis: . Cardano/Ethereum is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . Cardano/Ethereum is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on...
Technical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on...