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🔜 AVA CARDANO - Is it Ready for a New ATH ? 🔝We have covered Cardano many times and you know it's a favorite. As said before, ADA would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. The fundamentals are strong and promising, as Cardano Jumps on Signals Smart Contracts Coming Next Month Smart-contract functionality would allow Cardano to incorporate more applications including so-called decentralized finance (DeFi) platforms that allow for automated cryptocurrency lending and trading. The improvement could put the network in a better position to challenge Ethereum , currently the leader among blockchains with smart-contract functionality. Started by Ethereum co-founder Charles Hoskinson, Cardano is a blockchain that aimed to compete with Ethereum and other decentralized application platforms but as an avowedly more scalable, secure and efficient alternative. When smart contracts are launched, Cardano will be in orbit. For now we are looking at a potential lift-off. Already, Millions of dollars flow into Cardano ahead of Alonzo hard fork Oh! and some news about Binance: cointelegraph.com One Love, the FXPROFESSOR
Long
by FX_Professor
12
ADAUSDT holding strong support level. Might see an uptrend soon.ADA is trading at $1.3 right now and trying to move towards the immediate resistance of $1.45, which if broken is a good place to buy and hold some of it. For margin or future traders, it might as well be a good place to open your long positions with a tight SL of 3 to 5 percent. If we see closely, the price is holding the support level at around $1.04 which is acting as a strong support level for a long time for ADA. The price tried to break this support level multiple times but was unable to do so. However, if this support breaks it might see a further downward price movement to $0.4 We can also see that if it trades between the strong support and immediate resistance level, this zone might act as an accumulation zone for an uptrend. EMA9 has crossed up EMA26 and if we see some good volume in a few days, it might move towards the immediate resistance level to break it and move upwards. On the other hand, if the volume drops even further and the sellers keep on selling, it might visit the strong support level once again. Do let us know what do you think about this analysis in the comment box below. Always do your own research before opening a new trade, and use proper risk management to protect your capital in the event of extreme volatility. Follow us for more trading ideas and educational content Happy Trading
by Tuned_Official
ADA CARDANO- the Definition of a Buy Stop orderA Buy-Stop order is when you place an order to buy at a higher price (over a resistance). As we had stated on our last ADA CARDANO post, the 1,398$ mark is a hug resistance and it remains as such. Take a look , we were right again In simple words: it might not make too much sense to a beginenr but in many occasions (this one being a great example, the definition) we prefer to buy at a higher price, over the resistance, when we are re-assured that the price is poised for a bigger price tag. Buy Stop orders over this resistance at 1,398 Cardano remains our favorite. the FXPROFESSOR
Long
by FX_Professor
4
Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins. Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary. Where and when to buy? a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
by Yuriy_Bishko
6
Cardano - 2 scenarios that will tell you what to do! 😉The whole market was expecting a correction, to buy bitcoins and altcoins at a discount, but the market is not going the way most people expect it to, and yesterday there was a very strong spike, bitcoin was up 18%, there were very many liquidations, which actually happened with altcoins as well. What's on the Cardano chart? The price is also in a consolidation range, now it is close to the upper limit. There are potentially 2 possible developments: - first scenario, the price quickly approaches the upper boundary of the consolidation, makes a false break, and goes down - second scenario, the price will squeeze near the upper boundary, make a breakdown, retest the upper boundary as support and go higher. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
12