Conclusion for today's Cardano analysis: Consolidation in price at the 0.05 price level could provide support for resumption of bullish momentum. The 6 Hour timeframe of Cardano (ADA) is examined using a candlestick chart that provides over 7 months of price action. The duration in Cardano price did produce an upswing in price from ~0.02700 to 0.10600 on June...
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Conclusion for today’s Cardano technical analysis: Price breaking to the upside of the 4 hour timeframe bearish channel supports a bullish bias and higher Cardano price. Cardano chart analysis for today is carried out on the 4 hour timeframe with focus the chart patterns identified that are crucial for future price development. October 15, 2018 to current date...
Conclusion for today’s Cardano technical analysis: Price closing above 0.00001116 implies resumption of a bullish trend in Cardano (ADABTC). Cardano analysis for today is carried out on a 6 hour timeframe that is mainly focused on the downtrend since price reached a peak of ~0.00001941 on April 03, 2019. Previous Cardano price prediction that was accurately...
1 Key Highlights * Following uptrend channel since December' 2018 and moved 100%+ against BTC(satoshi) pair. * Trading above 200D-SMAs and Ichimoku cloud on Daily time frame. * Bearish(sell signal) signs indicate slight correction ahead to levels defined on the chart below. * Correction downward can provide an opportunity to buy the asset for the long-term...
ADA make nice breakout the possible target is on chart
Conclusion for today's Cardano Analysis: A breakout above 0.00001336 confirms higher prices in ADABTC Price action from June 5, 2018 to current date is covered in today’s Cardano analysis on the Daily timeframe. The downtrend in Cardano from June 2018 is highlighted with the descending or falling wedge chart pattern. This is immediately followed by a side trend...
Conclusion of today’s Cardano Technical Analysis: Price closing above 0.00001336 confirms the formation of a bottom reversal pattern, and therefore implies more upside momentum for Cardano. Cardano analysis is carried out using a logarithmic scale, covering over 6 months of price action i.e. (July 15, 2018 to current date). Major attention is paid to the...
ADA has broken out of this falling wedge pattern, I am expecting some more upside to come! IOTA had a similar breakout as well.
On Sunday Cardano did not bring us any good news. It fell bellow the $0.029270. It was trading at 0.029270 by 06:31 (11:31 GMT) on the Investing.com Index, down 4.28% on the day. Unfortunately, it was the largest one-day percentage loss since December 1. Therefore, this move downwards pushed Cardano's market cap down to $758.94302M, or 0.73% of the total...
We can see that Cardano's daily candle has failed to close below previous swing low 5 days in a row and it is showing signs of decent bounce. Green block remains to be untested support zone but it looks like it wants to reach the targets marked in red lines
Cardano tried to continue its run higher but got rejected once more at the supply zone above and came straight down to support dipping inside the demand zone. We have continued to make lower highs past few days and a break of this demand area could lead us back down to retest the breakout zone again around 1160. MACD still remains flat as we await some type of...
ADA has bounced nicely off the bottom of the channel, which was as the demand area around 1220 and we could now see a pullback to the 61.8%FIB level or to the lower end of the channel again. RSI is nearing resistance but still has some room to move up and MACD has turned bullish so a small pullback is probably what is needed to propel this higher on the next...
Cardano has bounced nicely yet again from its demand zone around 1220 and is currently facing resistance around its 61.8%FIB level. If it could get above here and close on the 4H, we could see another go at the highs and possibly even break them with the assistance of Bitcoin. Volume does seem to be on the low side but a breakout from here could bring some of it...
As mentioned, ADA needed to cool off after its massive run-up last week and that wedge breakdown has dropped it back to into a demand zone. The 1160 support level has held so far but the volume isn't the best and until we see volume come in, we can't be confident that this demand zone will hold. Stronger zone to enter a long position would be the lower demand...
Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could...
ADA has been on a tear over the past 24H hitting all 3 of our profit targets in quick succession! We have finally reached the 786%FIB level with overhead supply zone potentially cause a pause in this crazy rally. Both RSI and MACD are getting overextended but then again, FOMO is a powerful thing and don't want to go against it. Unless BTC takes a dump here, any...
Previous post for Cardano (ADABTC) based on its 4hr timeframe made mention of the bullish channel in Cardano (ADABTC) that captured the meandering price action from July 2, 2018. The 1 hour timeframe of Cardano (ADABTC) is shown in this analysis as opposed to the 4hr in the previous analysis in order to get a better view of price action and the channel. The...