Hello dear Traders,
At the time of chatting ADA was trading at 0.3688, if price manages to go above the green bullish OB at 0.500 as seen in the chart above an old OB would be triggered sending the price to Target 1 at 1.0401 🎯 area and if the price manages to have a healthy consolidation in that range the Bullish OB for target no.2 would be triggered sending the price to 1.8605 🎯 these are defined cycle target and I'm looking forward for ADA to achieve them.
Lets see how Time and Price action unfolds directions,
Always DYOR ✔️
Trade well my friends,
Stay safu, and let that sink in 😉
Below are some updated and interesting fundamental analysis of Cadano
A significant update in early 2022 was Cardano's announcement of the formation of the Cardano Africa Foundation, a non-profit organization that aims to promote and develop blockchain technology on the African continent. This move could potentially bring more adoption of Cardano and its cryptocurrency ADA in Africa, which has a large unbanked population.
In September 2021, Cardano launched the Alonzo upgrade, which introduced smart contract functionality to the platform, allowing developers to build decentralized applications (dApps) on the Cardano network. This upgrade was a significant milestone for Cardano as it made it more competitive with other smart contract-enabled blockchain platforms like Ethereum and Binance Smart Chain.
After the launch of the Alonzo upgrade, Cardano has been focused on building its ecosystem by encouraging developers to build dApps on the platform. The Cardano development team has been working on improving the tools and resources available for developers to create dApps more easily on the Cardano network.
In addition, Cardano has been exploring various partnerships and collaborations to expand its ecosystem and use cases. For example, in December 2021, Cardano announced a partnership with Chainlink, a decentralized oracle network that provides external data to blockchain applications. This partnership aims to bring more reliable and secure data to the Cardano network, which could improve the functionality and reliability of dApps built on Cardano.
Overall, Cardano and its cryptocurrency ADA remain an interesting area to watch in the world of blockchain and cryptocurrency as it continues to develop and expand its ecosystem.
At the time of chatting ADA was trading at 0.3688, if price manages to go above the green bullish OB at 0.500 as seen in the chart above an old OB would be triggered sending the price to Target 1 at 1.0401 🎯 area and if the price manages to have a healthy consolidation in that range the Bullish OB for target no.2 would be triggered sending the price to 1.8605 🎯 these are defined cycle target and I'm looking forward for ADA to achieve them.
Lets see how Time and Price action unfolds directions,
Always DYOR ✔️
Trade well my friends,
Stay safu, and let that sink in 😉
Below are some updated and interesting fundamental analysis of Cadano
A significant update in early 2022 was Cardano's announcement of the formation of the Cardano Africa Foundation, a non-profit organization that aims to promote and develop blockchain technology on the African continent. This move could potentially bring more adoption of Cardano and its cryptocurrency ADA in Africa, which has a large unbanked population.
In September 2021, Cardano launched the Alonzo upgrade, which introduced smart contract functionality to the platform, allowing developers to build decentralized applications (dApps) on the Cardano network. This upgrade was a significant milestone for Cardano as it made it more competitive with other smart contract-enabled blockchain platforms like Ethereum and Binance Smart Chain.
After the launch of the Alonzo upgrade, Cardano has been focused on building its ecosystem by encouraging developers to build dApps on the platform. The Cardano development team has been working on improving the tools and resources available for developers to create dApps more easily on the Cardano network.
In addition, Cardano has been exploring various partnerships and collaborations to expand its ecosystem and use cases. For example, in December 2021, Cardano announced a partnership with Chainlink, a decentralized oracle network that provides external data to blockchain applications. This partnership aims to bring more reliable and secure data to the Cardano network, which could improve the functionality and reliability of dApps built on Cardano.
Overall, Cardano and its cryptocurrency ADA remain an interesting area to watch in the world of blockchain and cryptocurrency as it continues to develop and expand its ecosystem.
Comment:
*Charting :)