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ADA CARDANO- 1,2,3 Ready for THREE 💙🔷🧿Let's go ADA, You always keep us waiting but then you deliver before we fall asleep (or when we almost fall asleep) “ Is ADA likely to hit $3.00? The answer to that question likely is just if Bitcoin stays above the 20-week , it lies with that answer. If Bitcoin is able to stay above the 20-week for just… a day or two, definitely the next few weeks it seems very likely that ADA is going to blast through the $3.00 milestone. I ultimately do see ADA trending much higher than $3.00 this market cycle but we do have to take it one milestone at a time… Remember, doesn’t even have to hang out at these levels for very long. As long as it just doesn’t go parabolic and as long as it doesn’t go back down below the 20-week moving average, there is a high probability that ADA will cross the $3 milestone relatively soon.” The analyst says that despite ADA’s parabolic run in recent weeks, it doesn’t necessarily need a pullback before continuing to rally. According to Cowen, $3.00 and $4.00 are still possible in the coming days or weeks even if Bitcoin and the rest of the crypto markets remain stagnant. However, he concedes that for Cardano to run any further than his two price targets, Bitcoin would likely have to give ADA a boost by reaching new highs. “Does it need to pull back now? Hell no, it doesn’t. $3.00, I think $3.00 is certainly possible as long as Bitcoin holds these levels. Even $4.00 is possible I think, as long as Bitcoin holds these levels. To go much further beyond that, I do believe that Bitcoin would need to probably put in all-time highs, but at this point, I think that a $3.00 ADA is possible, even a $4.00 ADA is possible at this rate, especially if our contention is that it can stay strong for the next two and half weeks.” Benjamin tends to agree. Let's go ADA the FXPROFESSOR
Long
by FX_Professor
9
CARDANO:BREAKOUT AND RETEST RANGE AREA|$3.50-$3.60 NEXT TARGET🔔Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
COINBASE:ADAUSDLong
by FOREXN1
4
Cardano Update 22/08/21: $2.45 Target 🎯10% Gain to $2.85Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :) Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
5
ADA Analysis, Cup and handle pattern, RSI divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Cardano (ADA) cryptocurrency surged by over 18% to set a new all-time high of $2.57.A Big Cup & Handle pattern emerged and broke out 3 days ago which explains the coin movement, The coin is having a very good Bullish movement which could be the start of a Bullish trend. Be careful from the Divergence that has been found between the RSI And the Market that could be a reversal sign and the price has a very good chance to drop down. The Market does seem to be Turning Bullish with this push and we can see 2 different scenarios on how the market could move in the next few days. Bullish Scenario : The Coin is at 2.742346 right now, if the Bulls kept supporting this trend then we will see the market hitting the first resistance line at 2.565357, Notice with the Bulls power right now they shouldn't have any problem breaking out the first line, But the real Battle starts at the next resistance level at 2.675435 where the Bears will try to gain control back over the market and if they fail then the price will keep going up reaching the 2.771431 range. Bearish Scenario : We spotted a Divergence between the RSI and the Market this could be a Reversal sign and if that would to happen then the current trend will change and the price will drop down and it's going to be on its way to the first Support line at 2.359283 where the Bulls will try to retake control over the market and if they fail then we could be seeing a bigger drop and the market will be headed near the support area at 2.263287 - 2.153209. Technical indicators showing : 1) The Market is above the 5 10 20 50 100 200 MA and EMA (Bullish sign) 2) The MACD is above the 0 line showing that the market is in a Bullish state, with a positive crossover between the MACD line and the Signal Line 3) The RSI is at 78.79 sitting in the overbought zone, With a divergence between the indicator and the market, which could be a reversal sign. Support & Resistance points : support Resistance 1) 2.359283 1) 2.565357 2) 2.263287 2) 2.675435 3) 2.153209 3) 2.771431 Fundamental point of view : it seems like the “Alonzo” upgrade has a significant impact on investor sentiment. The upgrade is about smart-contract features and addresses what critics have called one of the network’s most glaring deficiencies. For instance, smart contracts have been a revolutionary strength in the blockchain industry. This is because they have allowed the creation of Decentralized Finance protocols, non-fungible tokens (NFTs). Also, a new form of carrying out trades without the need for an agent. Cardano (ADA) is one of the projects that have gained momentum throughout 2021. But now that the project’s long-awaited smart contract abilities are on the verge of becoming reality, the crypto is on the hill of setting new all-time highs. According to Coinquora This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
KRAKEN:ADAUSDLong
by GabiDahduh
8
🔹CARDANO, We Have smashed the ATH 💙Cardano kai ksero pswmi! which translates to 'Cardano and bread' in Greek. It's something that we say when we like too much. An exaggeration. In this case I am not exaggerating, I told you guys EXACTLY when to buy (buy stop over resistance), EXACTLY what the levels were (and that's EXACTLY the levels the price would test and break) and also EXACTLY when we will go to new all time highs. Now I will tell you were I think this is going. It's on my chart, take a look, above 5$ for the next 10 months. Yes, I am EXACTLY VERY HAPPY. Thank you the FXPROFESSOR
Long
by FX_Professor
15