based on elliot waves, there is another wave (fifth) remaining for BINANCE:ADAUSDT for now in my opinion it's in accumulation phase for another rally to 2.5$ or even new ATH. #NFA Like and share if it helped.
Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at...
ADA has held up tremendously well over the past week cementing itself as a top Alt Coin. Onward trajectory upwards from this wedge? Or a temporary breakdown to retest support areas? IMO any breakdown below the marked areas will see very good buying opportunities LONG (again), but I think ADA is on a one way trajectory (upwards!) and some people will be blown...
After a short correction, we can expect good growth from Cardano ... The possible scenario is in the form of a chart above.
ADA was too weak in past days and performed the worst uprise in market. If it can pass the resistance area we will see a massive leg up.
I have established this analysis on the occasion that we are in a sideways trend. We can process the side-by-side theory / trend by analyzing breakouts, up- downtrends, support and recistance, etc. Therefore, I have deputed 2 'bullish' options or channels, I think initiate themselves as, the two solutions a higher 'bull-run' should be constructed after. Thanks!
Breaking away from the previous wedge we may see a pullback retest, do a Touch & Go off of the resistance then test out $1.70+ resistance. From there we'll see a slight pullback before continuing on a nice Bull run. If we do fall below this resistance we may see a Consolidation Phase moving through the weekend into the weekend. With Smart Contracts coming up, I...
As per my other charts - LONG on ADA being loading up during the recent weeks. Looking at indicators there is a potential for a small pullback before we move forward (same for BTC, LINK, ETH). Would be a good add-on spot IMO before we move north of $1.30. ** NOT TRADING OR FINANCIAL ADVICE **
If ADA is able to successfully break the falling wedge resistance we're looking at a huge target at approximately $2.02. There will definitely be resistance along the way, so I've drawn out the potential scenarios and resistance lines that could impact the price action on the way up.
It can be said that most of the crypto market coins are ready to explode, but all eyes are on bitcoin. There are three goals for Cardano in the diagram, all three of which are resistance. Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities. I hope you find this...
finally we're going to break a super strong support on $1. I think a 30-40 day swing between $0.5 and $1 (until the big Cardano update) is a good time to buy dip before huge uprise.
Purple Zones = Monthly SNR Red Zones = Weekly SNR Orange Zones = Daily SNR Yellow Zones = 4 Hour SNR Blue Lines = 1 Hour SNR Cardano (ADA) close above Daily Support and it is on Monthly support zone too and can go up from this level but this depend on fundamental analysis about Cardano too. I also draw SNRs on 4 hour and 1 hour chart that can be easily follow the...
Placing some low leveraged Buy orders at these support Zones. Should retract at least 20% once price hits these Zones...