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Vasil

Cardano Daily Analysis.10.02.2022 Cardano in daily time frame moving in the price range of 0.42-0.43, and the important support of Cardano is in the price range of 0.4. If this important support is broken, it is possible to correct it up to the support range of 0.35 at the level of 100 Fibonacci. The second scenario that can be considered is to fluctuate in the range of 0.4-0.43 and in case of breaking the dynamic resistance, the price will move towards the range of 0.45-0.48 ---------------------- Trader Needs 10.2.2022 DYOR
Short
by Trader_Needs
1
This could be make or break for CARDANO 🎯 🥶 🎯ADA/USD 12hr - Forming a large descending triangle. Ive seen a few videos claiming the #ADA has bottomed because of its long consolidation but let's play devils advocate here. Whats not in ADA's favor: 🐻 Its possible no coin has found a bottom (Perhaps ATOM, sheesh). 🐻 The series of lower highs says Bears are in total control 🐻 There is a big difference between side ways/horizontal consolidation and a descending triangle formed after a large move down. 🐻 Price action below the 50MA and 200MA on the Daily Whats in ADA's favor: 🐂 Vasil upgrade soon 🐂 Couple of higher lows recently Rules for Descending Triangle: 1. The market must be in a downtrend before the descending triangle pattern appears. 2. The descending triangle is formed while the market enters the consolidation phase. (notice all of the sideway actions) 3. Needs a downward sloping trend line that can be drawn by connecting the highs. You can visualize this as lower highs and sellers starting to overwhelm the buyers (bulls) 4. The lower trend line needs to act as support. Price often will bounces off this level until the breakout eventually occurs. 5. The break out happens after price posts a strong break below the lower trend line. Always look for confirmation for continued downward momentum. Do you think ADA has bottomed or will we see the triangle play out to the low 0.20's?
A
by jlouvierobv
ADA Vasil Fork playWe have experienced exponential growth before the release of major forks for Cardano. Yes, this growth was during the BULL market (but also during a time of doubt... where ADA was the only coin making waves), but I believe we will gain some steam to make some profits! We may see some more sideways movement for the next 2 weeks or so between $0.85-$1.05. During the month of May is when ADA will start gathering momentum which will hopefully be a parabolic move to the upside. I would take profits at key target levels Target 1: $1.24 Target 2: $1.88 Target 3: $2.30. I'm not really expecting to hit target 3 but I will be holding approx 15% of total ADA after hitting the second target. If we hit the 2nd target I will be VERY happy. Shortly before/after the hard fork I will be expecting at least a 35% drop. GL everybody :)
KRAKEN:ADAUSD
by giantniner1987
ADA ready for a Bullish rally✅In daily timeframe, ADA is forming an inverted head and shoulder pattern, which is a very important pattern at the END of a long descending channel. The 0.618 Fibonacci support(0.93) could be ADA's last DIP. We consider the breaking of the 4-hour timeframe resistance as an important signal for BUY. Here we have the conditions for a good trade with a high risk-to-reward ratio. After a 4-hour resistance break, there is a good opportunity to buy. Then a $1 resistance breakout could be the second important buy signal for a mid-term trade. One Week target: 1.248 (1 fib) 6-week target: 1.594 (1.618 fib) cause VASIL hard fork. * May decline to 1.86 (0.786 Fibonacci)!
Long
by UnknownUnicorn26598155
6
ADA falls to the edge of cup after forming a DOUBLE TOP patternAfter forming the cup and handle pattern, ADA experienced rapid growth and then created a DOUBLE TOP pattern at 1.25. Based on the classic TA, I expect a 10% drop from the bottom of M pattern(0.236 fib) and a drop to $1 KEY ZONE. Also according to Ichimoku, Cardano's most important support is in the $1 zone. The $ 1 zone also shows the DC Channel midline which is an important line to maintain the uptrend. Then, in the mid term, I expect the price to rise to 1.25 due to the Hard fork Vasil, which will be released in June. Today, roadmap.cardano published the following sentence: Finally, they continued preparing for the Vasil hard fork in June.
Long
by UnknownUnicorn26598155
1