Today we saw Cardano breaking out its ascending triangle formation after a consolidation period of nearly 2 months.
If ADA manages to stay above the structural formation, other important levels can be tested.
Potential target points are mapped on the chart.
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ADA is chilling lol (even with the Africa news)! It's super ready to pump in May up to 2.80$! Anyway, 2$ is easy in May.
Look at the RSI (the lowest of the past year). From that point, we had +1000% in 5months.
I'm expecting something similar for this next Q2-Q3 cycle.
My final forecast is approx 10$ ADA. A conservative scenario is 6$. This is very easy. I wonder...
Cardano (ADA) pierced the $1.48 overhead resistance today and climbed to an intraday high at $1.55. However, the bulls have not been able to sustain the breakout as seen from the long wick on the candlestick.
The bears have pulled the price back into the $1.48 to $1.03 range. They will now try to sink the ADA/USDT pair to the 20-day EMA ($1.24).
If the price...
I threw the tea leaves, I drew some lines and a cup.
Lets see how this one plays out over the longer term. Its just for fun really. IMO ADA bags are for long term HODL.
I've roughly modeled it on other past moves from big caps as they matured.
If you look at the dominance graph with ADA and ETH. It looks like ADA has just completed its first 'shelf'....
Price was in a range of more than 2 weeks. We broke the key level. And we stay in the retest zone now. I entered the position with stop-loss. First target - 1,48$
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". There is a possibility of temporary retracement to suggested support line (0.9790).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ADABUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
The Ethereum killer as some name it. It's technology seems to be gaining more and more fanatics in the crypto space.
Ethereum 2.0’s ‘science is not good,’ says Cardano’s Charles Hoskinson , as Cardano Gets Closer to Goguen Era after the successful rollout of the Goguen “Mary” update
(the one of two hard forks that will allow Cardano to transition).
Cardano is looking like a good altcoin to buy in if we expect Bitcoin to move higher.
Good scalp trade example imo,
Buying break of $1.3436
Taking profit below $1.50.
Not financial advice btw. :)
If you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days.
This Monthly chart is very bullish.
- Over the course of the last 2.5 months we've established strong support between $1.15-$1
- Bear volume has been weak
- Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the...
Briefly fox, ADA will hit the 1.45 before a retracement back to 1.22-1.20 and from there we will have the run upwards and this time with a good momentum from the bulls, we will breakouts of that ascending wedge we are in.