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Cardano Update 13/08/21: Next Stop $2.45 20% Gain 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!!
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
2
Last time this happened, SOL moved higher by 116% in 16 days!The last time this happened in SOL - it moved higher by 116% in 16 days! This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best. Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days. There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining! I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days. A very wonderful merger b/w technicals and fundamentals.
Long
by ich1baN
3
Chainlink Price Channel Continuation 2021Next chart is devoted to one of my favorite Cryptocurrency and Blockchain Projects so far. Chainlink and its native Token $LINK (Chainlink). Initially, my first idea of this Chart was tweeted on the 01.June on Twitter (Find below). Chainlink is pursuing a clear Price Channel started in 2020. It's noticeable, that the MACD in combination with RSI Indicator working pretty well for great price entries. I'm a long term investor and always hunting for great Entry Points. Now, Chainlink Price is experiencing a hard down movement but holding the Line above the lower Price Channel Zone. Just a look to the MACD and RSI , a bit of downtrend could be possible to close the RSI GAP (Touch of oversold zone). If the Crypto Market and especially Bitcoin recover faster than expected , certainly Chainlink will move up as well. Comparing the former down trend cycles, after each bottom confirmed by MACD & RSI, 100 days of uptrend could follow. So let's see, what the Market Quarter End Close will have in the bags in terms of results, because we all know, that Traditional Markets are also affecting Crypto Markets in both, positive as well as negative. No financial advice, no investing advice. Just thoughts and ideas. Call of Crypto, out!
Long
by David_Awookee
ADA/BTC Forming another bullish flag. Moving towards ATH.Cardano is moving towards new ATH considering the ADA/BTC chart. Currently we ca see the formation of a second bullflag since the head and shoulders breakout. We expect some more consolidation before an upwards breakout. Smart contracts are around the corner and money is coming towards ADA. With its proof of stake mechanism it also is energy efficient. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, white and pink lines are 200MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Internet Computer (ICP) Have We Finally found the Bottom?Internet Computers chart is looking very very juicy from a technical standpoint. A front page cryptocurrency in the top 11, has Coinbase listing, has over a $10 Billion market, was recently dumped, and now going sideways. These kinds of chart setups don't come too often, usually after a cryptocurrency is released, pumped, dumped, then flatlined. It' seems like ICP is holding a sturdy support of $100+ in this Elon Musk engineered bear trend. When Bitcoin temporarily traded at a low of $29,000 from the flash crash; Internet Computer (ICP) did hit an all time low of $89 but it was quickly bought up. But can we go lower? Yes depending on how Bitcoin feels, but so far on Bitcoins worse day ICP traded at an all time low of $89. I do believe ICP will get picked up from these prices in this overall bull market. Like I said I'm keeping a heavy eye on this project and this chart. Cheers! Much peace, love, health, and wealth.
COINBASE:ICPUSDLong
by peacefuljustin
8
XTZ Global landscape 777 zone?The price is moving in an uptrend. Important areas to work with are indicated. What Is Tezos (XTZ)? Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers. This open-source platform bills itself as “secure, upgradable and built to last” — and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology. The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
by RichMan393