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ADA 40% up, NOW what? Just be careful it could go either way!Cardano ADA was beautifully rise up 40% with no hiccup. 2 scenarios are waiting for us A or B. I do believe that B is more likely, but with all the hype is going about ADA we could have A in place. First in trading stock, I always afraid from sell the news!!! I mean the listing on Coinbase pro. The hourly chart showing us that we have formed a steep ascending wedge, usually that the price will breakthrough down not up, the squeeze momentum indicator showing a bearish divergences so far. Things to watch, If ADA don't hold the 1.32, we have a 3 support lines to watch 1.27, 1.24 and 1.07 before the trend reverse again and continue upwards. It could happen very much that we may have to revisit the 1.07 area to fill the gap been created for this runs up. Scenario A it could very well happen if we breakthrough from where we are now 1.38 range knockdown the barrier of resistance 1.50 than the road is clear to at least $1.65 - $1.75 I myself sold half of my positions now and waiting to see what scenario is going to play before I buy again. !.32 is very important to hold, and 1.45- 1.48 is very important to knock down. I'll try to keep you updated through the process as much as I can. Trade at your own risk.
KRAKEN:ADAUSDLong
by PatrickHob
6
Cardano bullishCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair. Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software. The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity. Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods. The live Cardano price today is $1,24 USD with a 24-hour trading volume of $9.543.999.443 USD. Cardano is down 4,65% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $39.587.339.055 USD. It has a circulating supply of 31.948.309.441 ADA coins and a max. supply of 45.000.000.000 ADA coins. Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain. Yesterday came the great news that we were all waiting for, to include cardano in Coinbase Pro.The price has risen from 1 dollar to 1.25 $ thanks to this news. I have drawn a visual graph with comments, to get an idea of ​​how the price is going to behave in my opinion, and how far it will go at least this year. Always where the price retests, it is the ideal area where you have to accumulate more tokens. If this graphic has helped you, I would appreciate a like / comment.
BINANCE:ADAUSDLong
by scam2nft
7
ADA breakout in the next few hoursyou are seeing the 4hr chart, clearly we have a huge descending wedge on the verge of breakout, Also we have a small descending wedge been created last few hours within and near the end of the larger descending wedge. The small wedge will breakout next few hours will give the momentum to the larger wedge to breakout as well. I expect a breakthrough to 1.20, a pull back to 1.12 and continuation towards the 1.38. I think the lowest we can go now is 1.05 before this happen. Please trade at your own risk.
KRAKEN:ADAUSDLong
by PatrickHob
5
ADA double bottom, false breakout, symmetrical triangle!Hello traders, We are looking at the 1 hour graph of ADA. As we can see, the graph is forming a double bottom within a symmetrical triangle. Which could signal a reversal. Furthermore. The power of a double top / bottom can be intense. However, in terms of reliability, more value is generally attached to a head-shoulder formation. Remember traders, no model is perfect. Fortunately, otherwise there would be no market. This is not financial advice, I am not an financial advisor. Make sure that your decision is the product of your own conclusion. Leave a comment Thanks. (my previous analysis were uploaded with private tag, lol)
KRAKEN:ADAUSDLong
by Aroundthesun
ADA Waiting for a breakout - Trade ideaHere's a quick look at ADA 2 hr chart. Symmetrical triangles has been playing out very nicely the pas few days and here's an example of a symmetrical triangle that hasn't played out yet. Wait for the breakout. The idea is: Buy the breakout from the Symmetrical triangle shown in the chart. Take profits at the level shown in the chart. Targets: 1. 1.27$ 2. 1.37$ 3. 1.49$ 4. 1.7$ Follow me for daily trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10
ADA is slowing down, that's ALL! No fear for losing groundHello everyone, Yes we did not form a Higher high on the daily chart to continue uptrend for NOW!, but it's only a small hiccup due to the more consolidations needed for the daily chart. I'll go to the point directly!!! Do not be afraid, we are not going to lose the uptrend. the support we have $1.09 is a a very strong and massive that will hold the bears, in case that was a retreat it will be between $1.02 and $1.09 back and forth until we form a descending wedge that will eventually breakthrough upwards towards the $1.38. If the wall of 1.09 hold witch I believe it will, we are going to have a sideways trading between 1.09 and 1.18 until we have a narrow squeeze between 1.09 and 1.12 and breakthrough will happen upwards towards 1.38 also. Friends, without going into a much details, on the hourly chart we are in very good shape, we are trading below the EMA200 witch is good for uptrend setup, on the daily chart we are away a bit from the EMA200 but remember ADA has no resistance seen in the near future, in fact the road is open for more growth from here. We have a 3 major support that I can't see the bears can go through, 1.09 ; 1.02 ; 0.95 and 0.77. each one of them has billions of shares bought at that level. in Conclusion ADA Cardano still have the most profitable setup in the near future than many coins. Please trade at your own risk....
KRAKEN:ADAUSDLong
by PatrickHob
26
ADA To the Moon or Finally Going to Retrace? I have a bullish sentiment on this coin ( and the cyrpto market in general;). However, applying 6 years of trading experience over the market, I try to remove my internal motivation and biases in an attempt to look at the charts with a more objective mindset. Stripping away person expectations and reading it as it is..... The outcome? Well, I'm still bullish. However, I talk about why I think a fall is inevitable but also healthy. Option one: Trase as support & confirm Option Two: Wait for a fall and look for critical zones + fib for reversal loading zones.
BINANCE:ADAUSDLong
by PlutusX
4
ADA Goguen era coming in Q2Smart contracts allows projects to transfer from Ethereum to Cardano, creating good opportunity for projects to save on the Eth gas fees. If the Alonzo "hard-fork" works successfully, we will officially be in the Goguen era and projects will start transferring over from Eth. This mean we could seeway more transactions on the Cardano blockchain, increasing the demand for its native coin, the ADA. There will be a certain fear before major Alonzo "Hard fork". ADA might retrace to sub 1$ prices after next pump. In the years-long run, ADA will catch up on ETH and reach 200G market cap. It might not be as quick as presented here, but it is a certainty that the Cardano team at IOG and IOHK will not stop working until they built the worlds best blockchain!
Long
by TheGoer
2
Undecided what to do?Well, you are not alone, We needs to cross 1.15500 to have the confirmation of a breakthrough. if this is happen, we should expect a rise to 1.22, pull back to 1.18, and continuations to 1.27. Also I should mention that 1.38 in our sights soon too. Last couple days was , neither Bulls or Bears can decide what to do. Demand and Supply was almost equal, also the descending triangle usually a bearish sign, but one has to win. I believe a breakthrough will happen in favor to the uptrend we had, witch will continue upwards. Hopefully BTC doesn't ruin it for us. lol!! please trade at your own risk.
KRAKEN:ADAUSDLong
by PatrickHob
4
ADAUSD poised for growthADA growth curve adjusted after the recent semi-crash of markets. Its adjusted trajectory might hint at a higher price target than earlier estimated. It remains to be seen if the regained confidence in the market will continue. At least for now, ADA has regained its position as the third largest crypto asset by market cap. -------------- This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
BINANCE:ADAUSDLong
by prhasn
1