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Cardanousdt

ADA UPDATES Cardano price is on its ninth consecutive week of weekly candlestick closes below the open – that’s a bearish near-term record no primary market cap cryptocurrency can match. But the constriction has been so prolonged that a breakout now could trigger some massive price spikes. Cardano price shows a bull trap pattern in development on its Point and Figure chart. The longer Cardano remains below $2.00, the more complex a breakout higher will be. Downside risks abound, and the selling pressure may not be finished for Cardano.
by UnknownUnicorn25724000
Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada. Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021. Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though). Sell around January 30, 2022 if pricing follows the light-pink bars pattern. Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely. Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands. Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above). Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected). The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns. *This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.* related Cardano published idea linked below:
Long
by marcosdaunte
Cardano (ADA) Update 26/10/21: $4.40 Target🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4. 40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support. Our current targets for Cardano (ADA) from the current price level @ $2.18. 127.20% fibs @ $3.67 (67% Gain) 161.80% fibs @ $4. 40 (101% Gain) 261.80% fibs @ $6.51 (197% Gain) EOY/Q4 Target at the full fib extension 423.60% @ $9.92 (356% Gain from the current price level @ $2.18). Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :) Cardano 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
Cardano (Breakout)Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall. Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021). Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December). A general breakout following the green rounding bottom is expected.
Long
by marcosdaunte