Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Fib. Retracement=...
Hi everyone
Possible ETH routes
It is currently priced below $ 3,000
A major downtrend line with resistance around $ 3030 is also forming on the hourly chart
In the uptrend, the first resistance is close to the $ 3,000 level
After that, the first major resistance is close to the $ 3030 level
Failure of the price above the resistance levels of $ 3000 and $ 3030...
With the price jumping from the $ 1.89 level, a green uptrend line has been formed since July, and this trend line is now recognized as a reference for both buyers and sellers
It is still possible to reduce the price and try this trend line, but buyers have more dominance in the market than sellers when the price reaches this trend line
The bullish trend will...
Support and resistance levels and possible path of movement ADA
I think it will reach its previous price ceiling in a few days
In general, the price of Cardano grows in any situation
And these corrections are just for more acceleration
have a good day
Possible routes for ADA price movement
A pattern of wedges is created in the uptrend
If the pattern breaks down, the price is likely to fall to 2.29
But due to multiple supports, this rapid decline does not happen
There are many demand barriers at 2.47 and 2.38
However, if the wedge is broken from above, ADA price may reach 3.37
Cardano Will Surge to New Highs After the Alonzo Release.
Nigel Hemsley, head of delivery for Cardano, stated that the Alonzo upgrade would be launched on Sept. 12.
The release of the Alonzo hard fork is likely to be a major event in Cardano’s history.
ADA has broken out of the 1.272 fib retracement at 2.87, which is great to see. I've laid out all the fibs and log fibs for potential areas of resistance in the future up to 4.33. Just because it's out there doesn't mean it has to be resistance but they might be good places to scale out of long positions or enter short scalps if the price is overextended right...
The past few days/weeks have been extremely exciting for those who are invested in ADA, including myself as I have a fair share of ADA in my portfolio. To some this massive move was extremely unexpected, however I have been anticipating a huge movement nearing the release of Alonzo purple and smart contracts. The closer we get the higher the price will rise and I...
As we're witnessing an U-form on daily time frame and closing on a daily outside bar which means we take the length of the U form and put it above the U-form, reaches 3,05 dollar/ADA => short term
Long term : 3,85 dollar ADA
Have a nice friday and weekend.
Like and commen, peace !
As we can see ADA is consolidating yet again in preparation for Friday's announcement of the Cardano Alonzo smart contract rollout date. I expect ADA to consolidate until Friday, then breakout in a big way. Obviously this breakout is not going to be as extreme as the Alonzo release date breakout, but it should be substantial enough considering ADA moved upward on...
