Cardanousdt
Cardano' two breaking optionsCardano has recently been sideways in the market, and I just expect that soon, another breakout is accelerating.
This upcoming breakout, appraise the crypto to the price level: 3.00-3.40.
I hold a long position as the crypto market cap is barely acquired 33%. Let's hope for the best!
ADA Buy the 50 EMA.Cardano - Intraday - We look to Buy at 2.743 (stop at 2.672)
Daily signals are bullish.
Daily signals for sentiment are at overbought extremes.
There is no clear indication that the upward move is coming to an end.
50 4hour EMA is at 2.740.
We look to buy dips.
Our profit targets will be 2.947 and 2.987
Resistance: 2.850 / 2.900 / 2.950
Support: 2.800 / 2.750 / 2.700
ADA CARDANO- 1,2,3 Ready for THREE 💙🔷🧿Let's go ADA,
You always keep us waiting but then you deliver before we fall asleep (or when we almost fall asleep)
“ Is ADA likely to hit $3.00? The answer to that question likely is just if Bitcoin stays above the 20-week , it lies with that answer. If Bitcoin is able to stay above the 20-week for just… a day or two, definitely the next few weeks it seems very likely that ADA is going to blast through the $3.00 milestone. I ultimately do see ADA trending much higher than $3.00 this market cycle but we do have to take it one milestone at a time…
Remember, doesn’t even have to hang out at these levels for very long. As long as it just doesn’t go parabolic and as long as it doesn’t go back down below the 20-week moving average, there is a high probability that ADA will cross the $3 milestone relatively soon.”
The analyst says that despite ADA’s parabolic run in recent weeks, it doesn’t necessarily need a pullback before continuing to rally. According to Cowen, $3.00 and $4.00 are still possible in the coming days or weeks even if Bitcoin and the rest of the crypto markets remain stagnant. However, he concedes that for Cardano to run any further than his two price targets, Bitcoin would likely have to give ADA a boost by reaching new highs.
“Does it need to pull back now? Hell no, it doesn’t. $3.00, I think $3.00 is certainly possible as long as Bitcoin holds these levels. Even $4.00 is possible I think, as long as Bitcoin holds these levels. To go much further beyond that, I do believe that Bitcoin would need to probably put in all-time highs, but at this point, I think that a $3.00 ADA is possible, even a $4.00 ADA is possible at this rate, especially if our contention is that it can stay strong for the next two and half weeks.”
Benjamin tends to agree.
Let's go ADA
the FXPROFESSOR
ADA: falling wedge within a bull flag (break out imminent) Hi Traders,
We are looking at the 1 hour chart of ADA/USDT.
As we can see, a falling wedge has formed, which could be seen as a bullish signal.
Furthermore, the falling wedge has formed within a bull flag.
Mac-D: has crossed, currently around 0, which seems to be a bullish signal.
Fundamentals
Smart contracts (alonzo) possible on the Cardano blockchain (starting from 12 september), which currently only runs on testnet.
Cardano Marketcap: 91,99BN
Ethereum marketcap: 403BN
M1 is limited (?)
Have a good one.
Cardano - Time to pay attention?Noticing some more fractal similarities with November 2020, and other price peaks.
The slaying out of the MAs. the 1.236 Fib level, and run along the upper Bollinger Band are all similar features of the November 2020 peak, just prior to its 38% correction. With low volume, a move to take profits could have significant impacts.
Where to you think support will hold? The 1D 20MA or the 1D 50MA?
Cardano after breakout effectsAfter breaking 2.500 lvl
Created a double top at 2.960 lvl
It has broken the ascending small trend line
It may consolidate within the yellow box and if breakdown We can see 2.750 lvl & further fall can take support nat 2.6500
Will update after this scenario or if there is a reversal
$ADA could go to new highs from here!- If we bounce from this daily area, it's a higher high by a long margin, and it's likely we're going to new highs. 1.618fib seems a good target
- This level was tested many times before and showed strong bounces every time
- Risk/reward is very appealing at R=4
- Stoploss below the 0.5 fib also seems reasonable, as often we see bounces from that level.
Cardano ada (ascending head and shoulder)After reaching 2.5 price level
Rsi indicating a drop in momentum, but the price is making higher High,
If the following trend line is taken down
Then 2.2 price lvl we the support and 2.5 as resistance for further trading zone .
The pattern has not yet formed
This is just a interpretation and analysis based technical analysis onli
Will update more if anything ..
Cardano ada (at the top)Cardano turned out to be best trade ofnthe week
From 1.88 to 2.4
(Trailed 1.99 and still going on with trade, Will be trailing directly to 2.3 now)
At the current stage 2.4-2.35
This range should be consolidate and make a structure or a build up for further move
Fresh opening to be avoided
ADA Sell a break of $2.Cardano - Intraday - We look to Sell a break of 1.998 (stop at 2.057)
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950