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ADAEUR trade ideas

ADA has a bright future! Whenn looking at the TA, we can see that ADA broke out at the date: 29 december, reason is probably, because at break out point, ADA didn’t hitted any resistance . so thats the reason it think, why he increased so much last month. The Graphic show’s higher lows, so its building momentum! I think, he will hit support one more time, and then goes back to resistance around 0.32. If they release the Goguen then, it probably will brake, otherwise he will go back to support. No worries than! There is space enough for Can this increase continue? Yes i think it will. There is a verry small resistance around 0.32, but i think that the news of Goguen will brake this resistance easily. And then? Who know’s Project cardano GOGUEN, release date: March Influence on the price: When we look at the last important release from Cardano: Shelley on the 7th of july whe saw the price increasing 86%. Also the volume increased enorm. If Goguen can do the same, we can see a price around 0.55 after the release. For Cardano, the implementation of the Goguen era will take their smart contracts a step further towards "smarter contracts". Smarter contracts eliminate the need for manual intervention for interactions on a particular blockchain. Still, the Goguen mechanism will not prioritize ADA transactions and contracts over other tokens issued on Cardano, as Ethereum does for the Ether. Compared to other Altcoins Cardano has a huge future, because Cardano works on the proof-of-stake-algoritme named Ouroboros. No other Altcoin runs on this blokchain, eventho this is 10 times safer. Because of that people want to invist in coins ruining on these blokchains. ETH tryd it, but failed. According Fang. Interest in Cardano is increasing Cardano has been looking to resolve issues that previously occurred on other platforms such as Ethereum and Ripple. This aspect allows the platform to attract more investors. Looking at the structure of the structure, it becomes clear that Cardano has seen continued support from its investors. The share of hodlers was consistently more than 50%. However, the share of traders has also risen significantly in 2020, proving that ADA is starting to see more volatility ahead of Goguen’s official launch.
by timlange2210
ADA potentional LEG up in next hours/days Hello everyone, I would like to share my idea where we currently go as ADA in next hours-days. I will use 6h and 1D TF -On 6h we currently experiencing minor correction between support and resistance ( WHITE lines) and still holding support on our GREEN lines uptrend. So I would rather call it re-acumulation before our next move, which I believe is one more leg up before Septembers major correction. There are some reason on my thouths: - If we look closer on charts and TA we can see there is repeating chart pattern same as after first leg up in May and then in June with increasing buys and decreasing sells. Followed with increasing volume. -We holding our uptrend support -RSI on 0 in oversold area -RED RSI around 50 are with GREEN above ( all that in down pressure) On 1D TF: Is our repeating patter I was speakin bout. BUT what is important is, we can see our WHITE energy is moving up followed with GREEN energy which is ahead ( good sigh) and RSI still over 50. -Another important fact is we HOLD our BLUE SMA 50 (same as May and Jun) and bounced back close under 20SMA.. All this pointing on situation where we can expect in next hours/days another leg up with chance around 70% and our goal 0.17$ cents. -For safety trading and not ruling out our 30% bear scenario I would suggest using stop loss somewhere under 50day SMA. Depends on yours trading strategy. Thats all. Thanks everyone for reading. If you liked my idea and analyse please click follow button for my next updates. I much appriecete it. Stay blessed --Information provided is only educational and should not be used to take action in the markets, always make your own reaserch--
Long
by TheJoeee
ADA pullback before Aug 5th?Hello everyone, yesterday @WyckoffMode video make me take a close look what might be coming in next days ... As everyone know ADA is now by far best technology out there and currently have comin with big upgrades like SHELLY era and on 5th of August staking will be allowed. Great news for being bullish long term, no doubt. But what about these 6 days we have since staking start? After my deeper look on market situation and ADA charts I see there decent chance to dip around 25-35% of value in coming days.. MUST it happen? NO Is there CHANCE? Definitelly! What it take to DIP happen? Break inside of my long term PURPLE trend line ( 0.1392$ ) and close there daily candle. That could be it. This level is same as previous high from start Jul 8th. Aswell if you check PURPLE trend line, which start in March you can see there was always touch with bottom which possibly now could be on 2nd - 5th August close to IC around ( 0.088€ - 0.097€ ). - We also have LOW volume which might be indicator of coming sale before other pump - We got BEAR cross on 3D and 6D !Also, we got 20% money pump of crypto market since 15July and Im strongly expecting at least 10% of these money going back to pockets of them as profit since new month pump starts ! This is my 1D timeframe: On 1W TF : (Might be same scenario as around 8th of June) - Got BEAR cross aswell -White energy coming to exhaustion under 50 - Blue LSMA over 80 - Green energy fall under Red RSI Please, if you like my analysis, your support with following me would be greatly appriecieted. Thanks for attention. --Information provided is only educational and should not be used to take action in the markets, always make your own reaserch--
by TheJoeee