ADA/BTC -bounce at 20ma on the daily chart -new immediate support at 561-530s -if current price levels will hold -we could expect the price to travel -inside this symmetrical triangle -a break of this pattern is within 2-3 weeks
My view on Cardano. This Coin is yet to show is true potencial in the market. Once top 10 coin will come back afther years in development. Ichimoku cloud on green My money is with this coin... Where is your? In stocks that fall sharp in 4 days? Invest in the future.. Invest in the Cardano project. Target -> 2'000'000,00 US Dollar
Cardano is currently at a level which has relatively large resistance. I think the bulls are going to take over soon. If this happens the uptrend could be huge. Very cryptos are showing similar moves in similar patterns currently. If you look at CHAINLINK, it has the same pattern and broke trough. Also DASH and LITECOIN already broke trough such similar...
This is not financial advice, it's just to keep track of my own trading.
On the weekly timeframe, Cardano (ADA) seems to be breaking out of a wedge pattern and it also has hidden bullish divergence (lower low in RSI and higher high in price). Fundamental analysis is also very solid for ADA. If we see upward momentum in the market, a good target would be around the 1.618 fib extension from the previous wave which will set the price...
Cardano as risen thanks to the chinese investment into the crypto world Let's take advantage of the pullback to go full bullish
If you beleve that Crypto are dead then you miss the point on why they exist. Crypto is more than just coins not controlled by bank and gouvernements, they are technological assets, like stocks from any big company. If you are holding 0,5% of a bitcoin, them welcome to the 1% entrepreneurs in crypto. Now let's talk about Cardano and why I hold more than this...
ADA has been on a wedge formation for the last couple of weeks. If it breaks upwards with volume the target should be around 7 cents. This is not financial advise, it's for me to keep track of my own analysis. Good luck trading!