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Cardanousdt

Cardano - Situational UpdateOn the left we see the 4 hour chart with a bounce of the 4H 20MA, the RSI has retraced back into the neutral zone and the MACD has crossed bearish. IF the current bar can close above $1.785 to print a higher high in the 4 hr, then a case could be made that the rally could continue very quickly. On the right we see the daily chart, with a very indecisive red candlestick, and two zones of prior resistance awaiting to be confirmed as support at $1.61 and then lower at $1.50. The RSI is still over bought and the MACD looks to have reach a sort of peak, although it isn’t very convincing as a peak and could support a continuation. However, the big tell for me is that the price is still above the standard deviation line of the upper Bollinger Band and that speak to the need to reconfirm to reconnect to the 1D 20MA centre line (projected as a dashed line). So in summary, I think there is scope here for another day or so of correction, touching at least $1.61 and possibly $1.50 before the “worm turns” and we see price chase that up-thrusting curve on the way to $3.00.
by Crypto-Swing
7
ADA About to take off!?ADA is looking pretty great trading inside this wedge with having 3 wicks at the top in just the past week, if we don't break through here there is a chance we start to come back down a little but i believe a breakthrough of the wedge is coming. First of all a huge factor for this is continuing to hold above the the pivot point which we have been doing quite well, and doing so will be a trend reversal for us and we will likely gain bullish momentum pretty quick. Looking at the bollinger bands aswell, we are nearing the top band which is always highly bullish, we could see price action grab onto top band and start to go onna bit of run up more than likely right through the top of the wedge! Now finally the RSI is looking great we have broken above the 50. point midline, over the past couple couple months we have really struggled to stay above the midline and we were stuck in a confirmed downtrend, now if we can successfully hold above here we will indeed get a trend reversal and a confirmed uptrend. Not financial advice just my opinion!
KRAKEN:ADAUSD
by JacobR905
Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins. Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary. Where and when to buy? a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
by Yuriy_Bishko
6
Cardano - 2 scenarios that will tell you what to do! 😉The whole market was expecting a correction, to buy bitcoins and altcoins at a discount, but the market is not going the way most people expect it to, and yesterday there was a very strong spike, bitcoin was up 18%, there were very many liquidations, which actually happened with altcoins as well. What's on the Cardano chart? The price is also in a consolidation range, now it is close to the upper limit. There are potentially 2 possible developments: - first scenario, the price quickly approaches the upper boundary of the consolidation, makes a false break, and goes down - second scenario, the price will squeeze near the upper boundary, make a breakdown, retest the upper boundary as support and go higher. 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
by Yuriy_Bishko
12
ADA/USDT - potential 186% mid-term setupHello, Traders! ADA has not finished its business cycle and technically looks stronger than most other altcoins on the market. At the moment, buyers are restrained by the local resistance at $1.25 It is possible to form a buy position in three parts: 20% of volume in the range of $1.02 - $1.15 30% of volume in the range of $0.81 - $0.95 50% of volume in the range of $0.55 - $0.71. Further, in case of a significant correction in the market, a position with an excellent average entry point. The range to exit the asset at a stop of $0.27 - $0.38 The targets for purchases will be price levels of $1,48 $1,74 $1,97 $2,33 The ratio of risk to profit in the transaction is more than 2. A good option in the medium term. P.S. This is an educational analysis that shall not be considered financial advice
KRAKEN:ADAUSDLong
by UnknownUnicorn10064030