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Cardano - summer surveys.The truth is that Cardano has been on a spectacular rise since the beginning of the year. Right now and according to the idea we are in the middle of a fibonacci level of 2.618 since the last big drop that occurred in May 2018. Since the RSI is quite overbought there is a high possibility that the pair will correct in the next few days. Let's hope it respects the lower ideal consolidation zone, above $ 0.58. On the other hand and in a broader weekly view we also see the RSI (91) overbought. Signal that would make us confirm that possibility of a downward correction. If some strength is left to this relatively long movement, at least it is to touch $ 0.93 and hopefully also to consolidate in that area. What are your thoughts? Thanks for your support!
BINANCE:ADAUSD
by harribatu
3
Cardano (ADA) tradeThe weekly candle here has shown the strength of ADA is not decreasing, indeed it seems to really want to break this resistance that it has not seen for more than two years, here in my opinion there is the margin to make a trade in long with a stop at -30% around 22 cents, with r / r 1/3 and a minimum target of 60 cents, but I don't want to have a price target, but I put a time target which is 2 months from now. Weekly updates will follow. If you liked this analysis and you want to help me improve and continue in my work, donate to this address: DdzFFzCqrhshuqnNHrjckXCyc3QhTwtGFW5fgK7ijqFJWmJAgFiNKPH8Ao5bAdaDArc9F6dh3vduLQ3WrJEZPxTv41M55Nh4tA7S7QMP
HITBTC:ADAUSDLong
by Melupira89
$ADAUSD - ABCDE pattern completion and next targetHi guys! 👋🏻 🔔 Cardano is one of the top gainers this year gaining nearly 84% this year only and hitting a new all-time-high at $0.397412. As many analysts and cryptocurrency researchers suggest that the DeFi boom this year will be greater and make a greater noise, Cardano with its Shelley upgrade and DeFi transition is surely one of the altcoins to watch. 🔔ADA/USD has formed a triangle, and is still in an uptrend channel. With sellers puch the price lower and buyers pushing the price higher, the pair could go either way, although continuation of the uptrend is most likely. The uptrend continuation is backed by MACD and RSI indicators. The MACD line already corssed the signal line,and EMA50 and MA100 resistances are currently being tested as support. 🔔 The triangle pattern usually signals the ABCDE correction based on the Elliott Wave theory and is a trend continuation pattern. However, to make sure that the price action follows the rules of Elliott waves, it is highly recommended to use Fibonacci retracement tool. As seen on the chart below, previous retraces of the uptrend ended near the 0.786 Fibo, which means that the bearish trend is not yet confirmed and that buyers need a deeper correction to regain their purchasing power. 🔔 The same is spotted on the reversed trend, each uptrend of the previous correction ends at 0.786 Fibo, means that sellers too look for the best price to sell and are acting rather confident rather than cautious. For this pair, watch the $0.350500 level very closely as it’s a Fibo 0.786 level and the upper edge of the triangle. After the testing of the upper edge, it’s expected that the pair will go down once again to complete the wave E and breakout from the triangle. When the triangle breakout is confirmed watch for resistances at $0.368600 - $0.370000. 🔔 For the long-term, I'd target $0.47000 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
KRAKEN:ADAUSDLong
by azizelliott
1
ADA breaking out the key level resistanceHey friends, hope you are well and welcome to the new update Cardano coin. Breaking out key level resistance: During the powerful bullish rally on the long-term first the price action broke out the $0.15 resistance and after re-testing this resistance as a support move to the next resistance $0.385. This is the key level resistance for ADA coin because this resistance is not broken out since 2018. If this resistance will be broken out then the price action of ADA can reach at $1.4 very easily. The EMAs and Ichimoku cloud: On the weekly chart, the price action of ADA coin has is moving above the exponential moving averages 10 and 21 and using these EMAs as good support. On the weekly chart, the price action of ADA with Bitcoin pair is breaking out the Ichimoku cloud. Once this cloud will be broken out then the Cardano can turn more bullish. Conclusion: This can be a historical moment for ADA, because on one side in the US Dollar market it is breaking out the key level resistance and in Bitcoin marked it is breaking out the Ichimoku cloud strong resistance.
Long
by moon333
1
ADAUSD this is just a beginning towards previous highEMAs on the monthly chart. Even though the price action of Cardano has rallied more than 1800%, but if we switch to the monthly chart, then it can be observed that the priceline has just broken out the resistance of EMA 10 and 21. EMAs on the weekly chart: On weekly chart, the price action broke down the EMAs 10 and 21 but again it has moved above these exponential moving averages. SMAs on the weekly chart: On the weekly chart, the price action of ADA has broken out the 50 and 100 simple moving averages and now breaking out the 25 SMA resistance level. Ichimoku cloud: Now if we turn to the ADA with the Bitcoin market, then the price action of Cardano is likely to break out the Ichimoku cloud resistance on the long-term weekly chart. Conclusion : The priceline has rallied more than 1800% so far, but this is just a beginning and the ADA can cross up the previous highest price ever very easily. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
2