Short Term Bullishness - About to test 1.44ADA looks bullish on the short term price movement.
It is forming an inverted triangle on the 1h chart.
The price rise will be equal to the height of the candle thats comes closest on both the sides and can be seen in the charts.
If the price moves over 1.45, the next resistance wil be at 1.475 and then 1.5893.
With major developments about to happen by June, especially ethereum-to-cardano conversion technology, ADA has a lot of growth potential and is a worthy investment in this market.
Target price: 50% at 1.44; 50% at 1.47 if it price moves above 1.45 or else 1.42.
Stop Loss: 1.32
Cardanousd
Sell Offs Over? Here's a Idea on ADA.So from what I am looking at on the 1hour time frame and the 15 minute time frame is that we have seen the bottom twice which is at around $1.05 and it bounced off that level twice now. I do strongly believe we double bottomed and bounced off the strong $1.05 support level and are now beginning to start to form a new Uptrend and head back up to rechallenge our ATH. I DO NOT BELIEVE THIS IS THE BEAR MARKET!! I only think this is a bearish trend / cycle (**Inside of a bigger bull trend**) and that after that 2nd bounce we have firmly held our support level of $1.05 and can now start moving back up. As far as how long this move takes I can't give you a estimated time frame. But I can tell you a 100% fact is that you can't get huge gains in crypto without seeing some major profit taking. This is why I can't stress enough to newer investors to only invest BIG MONEY in projects that are fundamentally strong and have a solid foundation built underneath of there large fomo driven communities. So hopefully all of you that have been following my TradingView held on to there panties during this pretty much normal behavior profit taking and are now ready to get back on with the bull run. Now I can say for sure 100% without the shadow of a doubt that this bull market will eventually end but do I think it is now? Absolutely not and for multiple reasons at that. We have more money flowing into crypto markets then ever before. We have wealthy banks, Institutional Money & even Governments getting involved in the crypto space. United States has not shown any type of behavior leaning towards any type of bans only regulation which is to be expected when you're dealing with trillions of dollars and you keep seeing "Rug pulls" in the Coindesk breaking news headlines pretty much on the regular with platforms like Ethereum not keeping there platforms projects clean for the space which leads me into my next belief that Cardano will be King one day. The way Charles Hoskinson communicates with the community and how he doesn't play favorites or shill certain projects tells me 100% without any doubts that its all fair game and that is what makes successful communities. You can have the best technology in the world but if you don't have a community willing to develop on you're platform then you're not going to get anywhere. Cardano 2021 , 2022, 2023, 2025 are going to be some INSANE times so just hold onto you're panties Boys & Girls and make sure you HDLE, Buy, Sell, Repeat because I can feel it in my bones #Cardano is taking us to the promise land!!
This is not Financial Advice only my opinion using trading strategies & tools that I know in order to predict a analysis of my own. If you are new to the space then I suggest DYOR, Learn TA & NEVER TRADE LEVERAGE!!
As always,
Happy Trading Traders, Drop a Like, A Follow if you liked it & NEVER TRADE LEVERAGE!!
ADA Update 6 ADA has lost a very important support in 1.5 $ range . So, it's become the new resistance for the currency. If the support 1.2 saves and stabilized, we could be hopeful for the rest of the uptrend to the 2 $ and higher. If Not, the situation may become complicated and more critical and even the repair may continue till the less than 1$ !
So , its not the time for trade !
Note : This is only a personal Idea , Do Your own analyze before any action.
Cardano (ADA) double bottom - reversal incoming!Cardano looks like it's going to hold the 1.50 USD level again. A double bottom; thus reversal signal.
1.50 USD was massive resistance previously this year. 1.50 USD is holding nicely.
Hoping BTC holds the 36K USD level also.
Bullish about August still - why not!?
ADA, Cardano - I won't do something before that....Price dropped more than 30% from the high. Now, it's no a good time to do something and I don't see an entry point. I'll try to buy in the 1,3 -1,4 area. Only with SL.
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
CARDANO/USD - WAIT FOR BREAKOUTIm long at Cardano, bought at the retest at the support of 2,01.
now we have to wait which way it play's out.
In my opinion we saw the bottom at 2,01 and find our way through to 2.80.
Im a bit new in this stuff so if you have any suggestions please write it down.
We shall see.. enjoy life! x
ADA found bottom, altseason coming!ADA found a bottom (spike down to 1.77) in the Fib retracement zone between approximately 1.90-2.00 after a massive run up to 2.50.
We saw a 1H hammer candle which is a reversal pattern. It seems to be confirmed - this reversal - with the next candle. Now it's trading above the 2.00 (psychological support/resistance).
It makes sense that ADA, along with other altcoins, will soon skyrocket (again) as BTC is still losing dominance.
Nice to see the bottom has been formed so soon.
ADA Sell a break of $2ADAUSDT - Intraday - We look to Sell a break of 1.996 (stop at 2.091)
We are trading at overbought extremes.
A higher correction is expected.
Trading close to the psychological 2.000 level.
We need to see a break of bespoke support (at 2.000) to confirm the negative outlook.
Rallies should be capped by yesterday's high.
Our profit targets will be 1.751 and 1.571
Resistance: 2.200 / 2.400 / 2.500
Support: 2.000 / 1.850 / 1.750
1 ada = 2.48 Is valid. Island is an island. Btc is of course affected by the Eth drop. But Ada is a coin that has not experienced its full explosion yet.
There is a goal of 12-14 dollars in the future.
The most important issue is that the people who enter the island are generally corporate and far from short selling.
Since the sale is made while the price increases, the money inside always stays the same or increases.
I always tactic the ruler of the island.
We took the island from the bottom.
We are increasing the number of islands.
Not investment advice.
The reason I wrote this is because you buy and sell investments at your own discretion.
If you are in Germany, we can get 1 year investment with the contract.
ADA is moving +100% profits already ... still more 👌we posted before for ADA n we told that it will touch $1.50 area then it will go to the moon n that what happened exactly 👌
(link of the call is below this article in the related ideas section)
who can believe that this amazing coin was just 10 cents on last October?!
congrats to whom followed us ✌
n for now,
ADA broke out recently the $1.80 area , so in that situation usually we have 2 scenarios:-
1- ADA will correct with the market n test the resistance broken as a support n it may hold or not.
2- ADA will continue going upwards n will postpone its correction for now, but for sure it will happen !
so that, I marked on the chart where exactly the price may bounce up or down n where is the perfect entry to get in ADA.
in case ADA will correct $1.90 is where u should buy, it will be 20% down from its currently price.
long term targets: ADA can reach 10$ or 12$ maximum in this bull run, cuz of the market cap.
Whoever is predicting more than this during this bull run, he is just getting fomo.
Cardano Analysis Updated 03/03/2021As we can see the price is up reneging in a parallels channel where it has already hit the parallels legs of Fibonacci projection.
it has many chances to retrace down to the lower Boundary where there exist a Support Area too.
post the retracement we can target the 161.8% extension level of the same Fibonacci projection and consequently the 261.8% of it too.
there are total of 2 targets
CARDANO - Destination 2.2 Our updated ADA CARDANO chart.
Price en route to 2.2!
You had been informed.
ps. With a power consumption of 0.5479 Kwh per transaction , ADA is placed at the third spot in terms of being least power-hungry by TRG Datacenters. Cardano claims to be the first blockchain platform built through peer-reviewed research and has the stated aim to bring about “positive global change.” It was founded by the entrepreneur-mathematician Charles Hoskinson, who also co-founded Ethereum.
the FXPROFESSOR
ADA long Entry pointAs we can see in the chart we have two static support and resistance areas that price is oscillating between them. because we are in a bullish channel we can expect to have a long entry point, but we must wait until the price break up the static resistance area and wait for a pullback, after one or two bullish candles we can take a long position.
goodlock!
ADAUSDT Ready for Next Bull Run!ADAUSDT (4H CHART) Technical Analysis Update
Resistance Breakout
ADA/USDT currently trading at $1.75
Buy-level: $1.65 - $1.75
Stop loss: Below $1.50
Target 1: $1.85
Target 2: $2.00
Target 3: $2.10
Target 4: $2.20
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ADA still is in uptrend channelAs we can see, even though the market was bearish yesterday! But Cardano is on it's way. In this chart, we see that ada has pulled back to the support line and is still in the uptrend channel, and as long as the channel and the support line are not broken, we can expect higher prices for cardano in the short or mid term.