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Cardanolong

Cardano Rests On Support | I Am Extremely BullishIn my previous post about BINANCE:ADABTC , I mentioned that Cardano came down to the support zone for the first time since september 2018. At that point, the price just came down to support an made a slight recovery from it. The week has passed and this week is also coming to an end and Cardano is still resting on support which is extremely bullish. Right now we can see the 21 EMA (the white line) come up. In the history of cardano, the ema provided the currency with support and resistance. So what i would like to see is that the price would come down to the ema which at that point is in the green support zone. This would reinforce the idea that Cardano would go up from here. To summarize: I am extremely bullish on cardano. Cardano hit support for the first time since september 2018 and right now it is resting on it. We also have the 21 ema creeping up to provide more support for cardano.
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by VinanceYT
Big news Shelley initiated, Cardano to take 5th ranking by mkcapBullish news, Cardano is launching a ERC-20 converter to bring projects onto shelley bullish flag broke to the upside by fundamentals, Shelley confirmed and initiated for July 29th cardano will surpass BCH and take the 5th ranking momentum is building, ADA will hit resistance at 0.19 How bullish is everyone on Cardano!? Ethereum is now having to play catch up, too many delays and now cardano delivers! BINANCE:ADAUSDT
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by DefiBureau
1
Will Cardano Break The Last Support?A recap: In Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern. RSI had still some space to move in oversold zone and moving average convergence divergence ( MACD ) was still strong bearish , therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed at that time below was the article: Finally in December 2019 the Cardano took the bullish divergence and after producing more than 46% bullish rally the priceline of ADA retraced back again. It was expected that if the price action will cross up the 0.786 Fibonacci projection of C to D leg of this bullish Shark then it will be turned more bullish. But unfortunately the price action went closer to 0.618 Fibonacci projection level and from this level the seller took over the charge and brought the priceline down again. Hitting at last support: In previous week we have witnessed a strong bearish rally that brought the price action down upto the last support at $0.027002. And the price action has hit a spike up to $0.018540. That is the new lowest price ever in the history of Cardano with US dollar pair as per Kraken exchange. Harmonic move a sign of hope: Now there is a strong hope appeared that on this last support the price action of ADA has completed formation of bullish pattern. It can be easily seen that a a bullish Crab has been formed. The initial leg of this pattern was started with the candle stick that was opened on 17 December 2019 and has been completed on 12 Feb 2020. After that the price action has been retraced back between 0.382 to 0.618 Fibonacci level. And then the price line projected between 0.382 to 0.886 Fibonacci projection of A to B leg. Now from here the price action was suppose to be retraced between 1.27 to 1.618 Fibonacci level and this recent sell off has helped the priceline to move more down to complete the final leg. So far we can see the price line of ADA has only hit the spike in potential reversal zone area but soon we can expect that the price action will again move down to enter in this zone. The range of potential reversal zone and Fibonacci projection area or buying and sell targets can be as follow: Buy between: $0.019129 to $0.004567 Sell between: $0.030263 to $0.057737 As you can see this potential reversal zone of 318% area therefore if for example the priceline hits the lowest pricelevel of this PRZ level and hits the highest Fibonacci projection or sell zone then it can be a 1164% really very massive move. This can be the same volatility as the NPXS normally shows. However In my opinion it is not possible that ADA would move as that much down therefore we should find the buying at the starting of potential reversal zone. This is the 1st positive sign I have found sofar if there will be more developments then I will definitely share with you.
KRAKEN:ADAUSDLong
by moon333
ADAUSD: Analysis using Ichimoku 10/06/2020H4 A steady uptrend is visually clearly visible. The price is in the Ichimoku cloud, indicating a local correction. RSI is near the oversold level. Conclusion: We recommend buying when the RSI reaches the oversold level, as well as at the Fibonacci level of 61.8% H1 The price is below the Ichimoku cloud, forming new lows for local correction of the H4 timeframe. The RSI is near the oversold level, indicating a near end to the downward movement. Conclusion: We have identified local correction for H4 and recommend buying when the RSI oversold level is reached, as well as from key Fibonacci levels of 38.2% and 23.6%. Good luck!
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by QubitLife
2
ADAUSD - Which side are you on?--- Please if you find this informative and/or agree with the idea don't forget to give a like. Thank you! --- It seems that after again testing recent highs in early May, Cardano is sort of waiting for a big move, as other coins are as well. It is just matter of strenght! It is slightly looking for the resistance level formed by the highs of June 2019 and February of this year. To be honest, it would take a couple of days in green to reach the 0.786 level and consolidate that area for more growth. On the other side you already know what there is. ;) In a two-hour view we can see how right now it is trying to return to the highs of April 30, with rising RSI and without being oversold. So far, so good. We leave this analysis before the imminent supposed golden cross in a few days is completed and thus be able to see the result. And which side are you on? Thanks for your appreciation.
BINANCE:ADAUSD
by harribatu
2
💎 CARDANO/USD - Very bullish pattern right here! STRONG BUYHello everybody!🧑🏻‍🚀 If you like this chart THUMB UP!👍 CARDANO shows very strong pattern name "Ascending Triangle". Also we can see Stochastic RSI in the beginning of rising. With a strong crypto market we can see the breaking of the triangle and jumping to the drew level! Good luck! All targets on the chart! ___________________________________________________________________________________________________________ Subscribe to my channel and receive fruitful recommendations regularly! 😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru
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by Fandorinn
3
ADA in consolidationADA has entered consolidation stage at day timeframe. It means that we may expect it to swing between ~450-510 until it breaks into one of directions. This may be used either to accumulate ADA at the lower border of that channel and hold till uptrend starts, or scalp it on each swing. 1) Swing trade plan - buy at 440-450 and sell at 500. 2) Accumulation - buy at 440-450 and hold till breakout. Targets 570-590 (may take up to 1-2 month) Bullish scenario - price pullback to ~465-470 and bounce from there - it may be a signal that consolidation stage comes to an end. P.S. Prices at Bitmex are more or less the same, but they renew chart regularly, so it doesn't provide enough information for long term planning.
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by WiseAnalyze