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🔷 ADA CARDANO - Smart Contracts means Lift off and Orbit 🌐🛰️🧿 Story from Markets : Cardano Jumps on Signals Smart Contracts Coming Next Month The plan to add smart contracts next month could defy skeptics who have bet that the functionality wouldn't come anytime soon. Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum, currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. ps. One of the great things about Cardano that is really attracting me to it is the 'ethics': Making The World Work Better For All the FXPROFESSOR
BITFINEX:ADAUSDLong
by FX_Professor
11
Cardano Update 13/08/21: Next Stop $2.45 20% Gain 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!!
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
2
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 1.803 (stop at 1.764) The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A break of bespoke resistance at 1.800, and the move higher is already underway. We look for gains to be extended today. There is no clear indication that the upward move is coming to an end. Broken out of the triangle formation to the upside. Our profit targets will be 1.918 and 1.968 Resistance: 1.800 / 1.850 / 1.900 Support: 1.750 / 1.700 / 1.650
KRAKEN:ADAUSDLong
by Signal_Centre1
3
ADA Prepares To Test All-Time Highs As Speculation Intensifies Cardano explodes over 20% to trade at $1.8, leading altcoins in mid-week recoveries. Development activity on the Cardano network surge ahead of the launch of smart contracts functionality. Cardano breakout has continued to make headlines this week. Data by CoinGecko shows ADA trading 20% in 24 hours, following an announcement that the blockchain network will soon support smart contracts functionality. At the time of writing, ADA is trading at $1.77 amid the push by the bulls to close the day past 1.8. The uptrend has been entirely consistent with Cardano flipping hurdles into formidable support areas. Cardano To Launch Smart Contracts Solutions The CEO of IOHK, Charles Hoskinson, has confirmed that Cardano will soon have smart contracts functionality. According to him, discussions and preparations have been completed, with Friday being the tentative day. However, he cautioned the community on onboarding the exchanges saying that this step will be “the final go-no-go.” We had a lot of discussions with partners and other people, and it looks like we are on track for Friday to announce the date. As the news reverberated across the market, Cardano shot up significantly, extending the breakout from July 22. Many analysts believe that this development will take Cardano to the next level, with the price predicted to hit the all-time of $2.5 within the next week. The short-term technical outlook shows that Cardano has a bullish outlook that continues to support the uptrend. For instance, the Moving Average Convergence Divergence (MACD) indicator still compels buyers to buy into ADA. In addition, a break above the immediate hurdle at $1.8 could bolster Cardano above $2. More buy orders will be triggered above this level, with speculation for gains above $2.5 increase at astronomical margins. It is essential to realize that the Relative Strength Index (RSI) is already overbought. Usually, overbought conditions are challenging to uphold. Hence, a correction is often expected after the RSI hits levels above 70. Currently, the technical index stands at 80, implying that a retreat is possible in the near term. Therefore, it is imperative to be cautious while trading Cardano, at least for now. Cardano Intraday Levels Spot rate: $1.8 Trend: Bullish Volatility: Growing Support: $1.4 and $1.2 Resistance: $1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
1
Cardano is going to overcome resistance 🧨🤯After a significant rise in bitcoin and altcoins, there was a local correction in many coins, one of which was Cardano. From its high, Cardano has corrected by 7%. Volatility is now narrowing, which means that the asset is gaining strength for a new spike! I think that the price could gather stop-losses below the trend line and then go up after that. The best buying opportunity would be to break the local consolidation and retest it as support. 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
by Yuriy_Bishko
5
ADA About to take off!?ADA is looking pretty great trading inside this wedge with having 3 wicks at the top in just the past week, if we don't break through here there is a chance we start to come back down a little but i believe a breakthrough of the wedge is coming. First of all a huge factor for this is continuing to hold above the the pivot point which we have been doing quite well, and doing so will be a trend reversal for us and we will likely gain bullish momentum pretty quick. Looking at the bollinger bands aswell, we are nearing the top band which is always highly bullish, we could see price action grab onto top band and start to go onna bit of run up more than likely right through the top of the wedge! Now finally the RSI is looking great we have broken above the 50. point midline, over the past couple couple months we have really struggled to stay above the midline and we were stuck in a confirmed downtrend, now if we can successfully hold above here we will indeed get a trend reversal and a confirmed uptrend. Not financial advice just my opinion!
KRAKEN:ADAUSD
by JacobR905
ADAUSD(4Hr): Cardano moving in an upward triangleMarket in the last 24hrs The price is moving inside the upward triangle and is seen oscillating between the middle and the upper Bollinger bands. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to continue to move in the upward triangle. If the price moves below the triangle then we can expect a strong bearish trend else if it breaks above the triangle then a stronger bullish momentum is expected. Price volatility was low at approximately 0.23%, with the day's range between $1.3 — $1.36. Price at the time of publishing: $1.34 ADA’s market cap: $42.63 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ADAUSD
by Mudrex
7
Cardano - A November Fractal?Looking at the similarities between Cardano in November 2020 (left) and Cardano today (right), and I notice a number of structural elements looking very similar: 1D 200MA tested twice Convergence of the Moving Averages (20MA, 50MA, 200MA) Similar relationships to the Fibonacci pitch fan lines Rising RSI Bullish MACD Could we be looking at a fractal re-occurrence of November 2020? If so, an initial projection of the price peak of 1.382x from the low could re-occur in quick time, rising the price to $3.00. If achieved, that would put a particularly bullish outlook on Cardano, as it continued to rally from the November 2020 peak for another 1300% before reaching the May 2021 high. I’m not saying that ADA will reach $40 necessarily, but it does look to be on target for $3.
Long
by Crypto-Swing
5