gonnabetya

gonnabetya

ADA broke out to the upside of a falling wedge it had been in for the past days after touching 3 USD price discovery; new ATH. We're looking for some support and resistance checks first before creating a new ATH. Continuation of the strong uptrend of ADA is a fact, like expected with the major news of Alonzo launching 12th September this year.

gonnabetya Updated 

I think we're in a bull market still and this overextended fase is over now followed by consolidation until roughly 3rd of June.

gonnabetya

Like BTC, ADA is in a symmetrical triangle that will break out around the 3rd/4th of June. The breakout is massive, to a new ATH. The breakdown (which is a theoretical scenario) is 0.40 USD. However, let's discard that, as it crazy to think ADA is going to lose so much value while fundamentals are being presented on a weekly basis. This bull market isn't over....

gonnabetya

I think the image tells the whole story ;-) Looking for weekly close above 1.47 support. Bull market isn't over yet. This was a shake down by whales. 10X still very possible for ADA.

gonnabetya

Cardano looks like it's going to hold the 1.50 USD level again. A double bottom; thus reversal signal. 1.50 USD was massive resistance previously this year. 1.50 USD is holding nicely. Hoping BTC holds the 36K USD level also. Bullish about August still - why not!?

gonnabetya

ADA found a bottom (spike down to 1.77) in the Fib retracement zone between approximately 1.90-2.00 after a massive run up to 2.50. We saw a 1H hammer candle which is a reversal pattern. It seems to be confirmed - this reversal - with the next candle. Now it's trading above the 2.00 (psychological support/resistance). It makes sense that ADA, along with other...

gonnabetya

Hi all! It's a continuation of my previous post. The reversal seems to be confirmed for ADA. ADA has been trading within a descending triangle for a very long time, and has tested the 1.50 price level three times now. It's very likely that a fourth time will follow, and will be successful! We can see a close today of a bullish candle: the hammer. Which is a...

gonnabetya

Liquidation of BTC for those who traded with 150X leverage causing a blood bath. Most altcoins followed this short term trend. However, let's stay rational here. Don't panic. ADA has been trying to surpass and stay above the 1.50 USD price level. It was declines 3 times by now. The lows seem te become higher lows, which is bullish. The lows are following a...

gonnabetya

Everyone saying the altcoin market will make the same percentage gains as 2017-2018 bull run is not looking at this with a realistic view I think. We're not going to a 100 trillion USD market cap for altcoins this year, and not in the next 4-5 years either. Example: BTC is not increasing with the same % every year. The percentage decreases over time as the market...

gonnabetya

It looks like a bull flag on the 4h timeframe. Daily and weekly candles looking very bullish. News is bullish. So breakout to upside is expected. Next resistance is 1.50 USD. Bounce off that before last week.

gonnabetya

ADA has moved to #3 position in the ranks; without a finished blockchain. The Mary update will be fully activated after 1st March 2021. This will open up all new functionality and open up ADA to for instance the DeFi space. We've seen BNB coin do a 10X after projects migrated from ETH to BNB in February. Will we see the same with ADA? It's likely as ADA also...

gonnabetya Updated 

I think the image is pretty clear, just HOLD. ADA will do huge things in February. Would not surprise me to see ADA jump to 2 USD per coin before end of this month.

gonnabetya

NEO is still way off from its all time high (ATH), hitting a major resistance level at approximately 45 USD. NEO has been named the Chinese Ethereum, but has been struggling to meet this reputation. I think NEO has great potential, as it only recently (last bull market, January 2018) showed big gains moving from 70,000 USD 24h trading volume to 1+ billion USD...

gonnabetya Updated 

ADA holders would be silly to trade in the month of February. Although many have a point saying ADA could retrace looking at Fibonacci levels. However, there is so much positive news/hype around ADA that this will possibly be stronger than any technicals at this point. Hoskins, CEO of Cardano, has mentioned that February would be huge. Not only technologically...

gonnabetya

After ADA breaking a key resistance at 0.40 USD the new price target based on the height of the pole before the bullish pennant out of which it broke today, the new price target for ADA will be 0.64 USD! Feb is a big month with possible launch smart contracts! See my previous spot on break-out analysis in 'related ideas'.

gonnabetya Updated 

1. On weekly chart ADA is forming a hammer in downtrend on ADA/USD. 2. The trend line seems to offer enough continued support. 3. ETH is breaking out soon. I'm expecting some altcoins to skyrocket and move the BTC dominance even lower, before BTC recaptures momentum and recaptures dominance. 4. ADA is consolidating as it has to break through a key support level at...

gonnabetya

I think ADA could be one of the big winners this bull market. ADA is one of these projects that always had development on the first place, and marketing on the second. It's not hyped at all, and the technology is solid as a rock (read: scientifically proven). But, once smart contracts are live from March 2021. We'll see massive marketing from parties like PWC,...

gonnabetya

Please also check text in the chart. Pretty clear hanging man on the weekly timeframe. People will be taking profits on BTC and re-investing in Altcoins. Revisiting significant lower price levels for the number one cryptocurrency; altcoins ready to make mad gains.