The price of ADA is still very low compared to BTC. While BTC is almost at the previous all-time high from 2022, Cardano is below 0.236 FIB. Whales never pump all coins together, they need to pump it individually to make as much money as possible. ADA is still one of the coin that is waiting for an explosive move, that's why I suggest you to buy ADA as soon as possible. From a technical perspective ADA formed a bullish flag pattern on the weekly chart and this pattern will be confirmed very soon. To confirm it we need to break above the previous swing high of 0.68. My Elliott Wave count suggests that we have a strong bullish nest (1),(1),-1-,-2- and wave (3)-3- is starting! This is a dream of every Elliott Wave trader. We can see that the price broke out of the long lasting accumulation phase on the weekly chart and already made a pullback to the edge of it. The retest was successful and we can start a strong pump! On the chart you can see my profit targets. PT1, PT2 and PT3. Depends on how long you want to hold ADA. You can also long ADA on the futures market with leverage! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Cardano news
4.6 Million Strong: Cardano Network Sees Massive Growth In New Wallets - Cardano (ADA) is making waves in the cryptocurrency market as on-chain data reveals a surge in wallet creation, signaling a growing adoption of the blockchain network.
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
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Cardano is up 12% since yesterday. Keep hoilding! The pump is just starting.
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I am really glad you like my ideas on altcoins! Most of them are skyrocketing and ADA will be the next one.
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Cardano is up 21% since I posted this analysis.
ADA can start a parabolic exponential move.
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Weekends are usually boring, but we should continue in the strong uptrend on monday!
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ADA up +25%. One of your last chances to buy ADA for a cheap price!
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Unfortunately ADA failed to make a parabolic trend. Now we can see there is a lot of liquidity below the previous swing lows, which is also not the best sign.
@Xanrox, I just bought 52388 ADA. I am in loss. I hope not for a long time
CryptoNikkoid
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@smartwater3d, -2% ADA does not seems to move above 0.72. The pump was lame, compared to other coins, even to NEO or HOLO who are not moving usually. +5% then -7% just after. Cannot climb a stair. Not going to the moon that way. I hope it will wake up, or I will rename it Joe, in memory of sleepy Joe.
@smartwater3d well you bought after a 20% pump, I would never recommend that. Last night it dropped all the way back to $.68 I sat there and watched it and didn’t buy it like a dumbass.
SpartaBTC
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@Xanrox, On this cryptocurrency, ADA is a good long-term entry zone. More than 1 year horizontal accumulation channel. Breakout of its resistance. Now re test of mirror support level after breakout of resistance. Successful. We enter the "participation" phase of the Dow 2024. That is, price growth up to the zone of the "distribution" phase (sales 2025). As a rule, it is +500-800% for liquid trading instruments and more than +1000% for medium liquid ones.
AntLyon
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Your scenario is pure hopium nonsense. Cardano is languishing because other bigger fish are eating its lunch. Sure you might see a few pumps (as you do with any shit coin) but there is very little to get excited about with Cardano and certainly no justification for a move like you suggest. Seems you're hold a fat stinking bag of the stuff and trying to spruik it so you can limit your loses