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Cardanopriceprediction

ADA Failed to Break Down! Will The Price Rocket to the Upside?ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside. How do we trade this? The price is currently sitting at resistance in a bull trend. We should be waiting for either a strong bear signal bar to short or a breakout above the resistance zone to long. Bitcoin is in a similar situation, and we should wait for the signal before entering. If we get a bull breakout bar closing on or near its high above the resistance zone, it's reasonable to long. Place a protective stop below the resistance zone and a 1:2 Risk/Reward ratio to the upside. Don't trade a bull breakout bar until it closes and shows support above the resistance zone. That bar could quickly become a bear signal bar in which case, we're looking for a bar closing below the resistance zone on or near its low. A break below the channel support with a bar closing on or near its low would give us enough probability of profit to short with a tight stop, playing the reversal. We are in a bull trend, make sure the signal and confirmation are clear with tight stops. Key Points 1. Fanning Bull Channel, Bias to Long 2. Resistance Zone Still in Play 3. Failed Triple-Top Reversal 4. RSI at 56.00 above Moving Average, Indecisive. 5. Bitcoin at a critical moment. Breakout or Breakdown? You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
KRAKEN:ADAUSD
by TraderEngineering
Cardano: Back on TrackAfter trailing along the mark at $0.92258 for so long, Cardano has finally found back to our primary scenario. It has gone below $0.92258 and into the green zone between $0.93552 and $0.27674, where it should finish waves v in magenta, C in turquoise, (C) in yellow and 2 in green. Then, Cardano should turn around and move upwards. However, there remains a 20% chance that the altcoin could start to rise earlier already, crossing the resistance at $1.63781 and heading for the next one at $2.4574.
BITTREX:ADAUSD
by MarketIntel
1
Cardano: TarzanA call which makes the trees tremble resounds through the jungle. It is Cardano, swinging along the support at $0.92258 like Tarzan on a liana. As it is currently very close to the support line, Cardano could decide that is has finished wave v in magenta and continue the ascent. However, as it has dipped into the green zone between $0.27674 and $0.93352 only shallowly so far, it could still rope down to complete wave v in magenta a bit deeper, before climbing up again.
BITTREX:ADAUSD
by MarketIntel
Cardano: Spa 💆🧖‍♀️Cardano is on vacation and has gotten comfortable in a spa. There, it has eased into the nice warm mud bath between $0.93552 and $0.27674, closing its eyes and sighing contentedly. We expect Cardano to sink even deeper into the green sludge, ideally until $0.52409, to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v in magenta. It could also extend its relaxing bath until $0.27674, though, if it is not afraid of getting prune fingers and toes. Afterwards, Cardano should be refreshed and bursting with energy, readying itself for a new ascent.
BITTREX:ADAUSDShort
by MarketIntel
1
ADA Cardano: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD). The chart is self-explanatory. The price is at the apex of the triangle, so a move is coming. There is bullish divergence in sight with support lines intact for the RSI, Stoch RSI and MFI. The price is also in a descending wedge (generally bullish). The one concern is the triangle formed after a big drop presenting a Bearish Pennant. Focus on the breakout direction and possible re-test to give indication of which direction the price will move. Lastly, Volume over the past few days has picked up which falls in line with the bounce on the MFI. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Stochastic RSI, Bearish Pennant, Descending Wedge, Bullish Divergence, Ichimoku Cloud, Volume, Simple Moving Average . If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:ADAUSD
by MillionaireEconomics
6
CARDANO LONG TERM BULLISHCardano's price can go much higher than expected in the future. Other a lot of crypto is now on the 5th wave to finish the rally but Cardano is most probably waiting for the 3rd wave to push higher. Some people can count the recent top as a 3rd wave but I am counting this as a 1-2, 1-2 because if you count as a 1-2-3-4 then there is an overlap happen between 1 and 4, so most probably the recent top out of $3.09 is not a ((3)), It's actually (1) of ((3)). It may be the 5th wave as an extended leading diagonal and if it's leading diagonal then also it should push higher because in an expanding leading diagonal wave 3 must be greater than wave 1 and wave 5 must be greater than wave 3. For the short term most probably it finished the second wave as a complex correction around the previous 4th or it may be down to the lower sider for finish correction. For now, the trend-line is the resistance point for bullishness. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #ADA #CARDANO #ELLIOTTWAVE
KRAKEN:ADAUSDLong
by anantadhungana
1
CARDANO (ADA) TO THE DOWN SIDECardano is going to make make a new low around $0.90 to finish the correction as a WXY complex correction on the 4th wave. We are currently on the 3rd wave of the C of (Y) of ((4)). Most probably we can see the bounce from trend-line support and for now no buy position. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #cardano #ada #adausdt
Short
by anantadhungana
2
#ADA Cardano 1D Chart - Big Move ComingCardano is showing signs of the next leg up. After the last breakout, Cardano has been in a falling wedge pattern off of a flagstaff. Taking the flagstaff from top to bottom, the measured move brings the price to the 1.618 fib (trader's dream :P). All of this works if BTC and ETH can keep the rally going as we are approaching the apex of the falling wedge for the move to happen. If there is a market correction, everything noted above may be invalidated. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
KRAKEN:ADAUSDLong
by MillionaireEconomics
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder. This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending. Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin. Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum. Either Bitcoin crash, and all other crypto also crash due to the same environment system. In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system. That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano. Why? That answer is simple. Leader. Whoever once control the bitcoin, will control other coins. Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI. Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins. Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end. Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays. In my calculation of the century, Cardano once again will visit the key value of $1.550. Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding. What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder. Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene. We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance. The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings. We learn something that even a believer holder once a panic attacked will withdraw their funding. The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment. The success of Cardano is dependant. But Bitcoin is otherwise - undependable As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins. Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021. All the agenda will be revealed one by one. Zezu Zaza 2048
Short
by Zezu_Zaza
3
Cardano(ADA) Price Prediction Until The End Of 2021Hello crypto investors, This is my first ever price prediction here on TradingView. I hope you will like my Cardano($ADA) price prediction. Since the last bottom, 96 days ago, Cardano increased its marked cap twice. I believe this is due to much viral news(mainly rumors) about Cardano's smart contracts. Imagine what will happen when they actually introduce the smart contracts in the system. There may be a small % of people(newly crypto investors) that will sell because of the 2x. Hence I expect a price drop to around $2.50 this month. At $2.65 and below I will start adding more $ADA to my portfolio. As usual, there will be a quick jump to ~$ 3.40 and then followed by a small drop in the price to ~$3.00. In late October or early November, I expect $ADA to start a new bull rally. Until the end of the year, the price should reach ATH around $4.00. Maybe we will test the $4.20 zone but nothing more. What are your predictions about $ADA until the end of the year? Let me know in the comments.
BINANCE:ADAUSDLong
by NekufCrypto
A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode. In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout. Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets. 1.272 - $3.19 1.414 - $3.65 1.618 - $4.44 2.272 - $8.29 Good luck and happy trading! Disclaimer: Not financial advice just merely an idea.
KRAKEN:ADAUSDLong
by Bob_Van_Horne