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Cardanousd

CARDANO (ADA/USD) Deep Analysis!Weekly chart Let's start from the weekly time frame (the image below). We could see that last week was bearish for Cardano', also the whole market was bearish. Currently, this week it has found a support from the round number at $0.07. This level has worked also in September as a nice support because after the rejection from the round number ADA' got a strong push upwards, around 35% growth. Around this $0.07 is also a Fibonacci golden ratio 62 percent, which will indicate that currently, the bounce occurred from the perfect area. Yesterday, it got a solid bounce upwards and founded a resistance from another round number at $0.08 and from August low point which works now as a resistance. Daily chart A daily time frame (the image above) shows that the rejection downwards came from the August low and from the short-term down trendline crossing area which makes this area pretty hard to beat. Currently, Cardano' consolidates between the two round numbers and it waits for further action, what the Bitcoin' does, what the whole market does. The platform (support bounce) is pretty good to make another leg upwards and trying to attempt to break above the short-term down trendline one more time. Four-hour chart Now let's dig into the four-hour chart (the image above) to clarify some confirmation areas to predict further movements. In the bigger picture, it shows that we are between the two short-term trendlines which together makes a chart pattern called "Triangle". Bullish scenario: On the image, You see a chart pattern called "Double bottom". The double bottom has formed on the round number area at $0.07, which means that we have bounced upwards two times from the same area. Currently, it has made a retest at the pattern breakout area and the textbook says that: buy the breakout when You have seen the retest. At the moment we have a retest and this bullish pattern is an indication that our platform is good to go higher IF the market allows it. To get more confirmations then firstly, we have to break above the round number $0.08 and above the 200 EMA. Those two are our main obstacles before it approaching the short-term down trendline (the triangle) which is also the key to the higher prices. If we got a breakout from the triangle then we have out of the short-term downtrend and ready to fight with the higher levels resistances at $0.091 and the big round number at $0.1! Bearish scenario: If the market and if Cardano' starts to show some weaknesses then we drop back into the $0.07 area. There are some great supports to support us: the round number and the short-term up-trendline (the triangle bottom line). Those two makes a crossing area and if we see a close below the round number and below the trendline then it would be a bad sign for Cardano, because of the momentum is gone and we have broken below the triangle which will be definitely an 'alert' sign. A close below the mentioned levels will guide us to the 2018 low point at $0.06. If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
by UToday
CARDANO (ADA/USD) Is Ready To Make a Move!Almost everywhere is chart patterns and Cardano is not the exception, it has the symmetric triangle. Usually, this means if the breakout occurs to either direction then this will show that momentum where the price could heading. Currently, we are on the edge to explode because the price is on the triangle tip, smashed together and ready to make a move. If we manage to break upwards, then this means we have to break above the triangle and we have to break above the 200 EMA which currently works as a resistance. We have a pretty good platform to do this because we have several times tried to break below the August low but those were failed attempts and it holds us nicely. If we manage to break above then there are three targets: 1. The latest resistance - profit around 10% 2. The round number $0.1 - 17% 3. The major resistance at $0.106 - 25% As You know breakout could occur to either direction. If the August low doesn't hold us anymore then we have a breakout below the triangle and You have to consider to sell your ADA' coins because this is an indication that we might and go to test the lower levels. The first area where we could technically considering to buy again is around $0.075. There is the latest support level this level has to be on the 'watch list'! Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis! If You want to get deeper analysis and the latest crypto-news then please visit our site, the link is on the profile! Please, don't forget to hit the LIKE button to support us! Best regards!
by UToday
ADA - Time for a pullback before move higher!!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 move. Cardano is finding resistance hear forming a tweezer top so far and it would be better to enter at a lower price to increase R:R. Stops set below SFP on the last move below the support zone. Thanks guys!
Long
by CM_Trades
ADA - Looking strong for more UPSIDE! 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 back. MACD histo is about to go positive and the signal lines and very close to crossing above the median line. RSI is on the move up and still has some room before hitting resistance so this could still have some juice. Waiting for a pullback to the support level could be the safer play here unless BTC decides to rip higher taking the rest of the market with it. Thanks guys!
by CM_Trades
CARDANO (ADA/USD) Shows Some Positive Signs!Over a long time, we can pick up some positive signs from the cryptocurrency market and so as our next analysis - Cardano (ADA) We have been on the down-Train, yes train, for a very long time but at the moment looks like we have some changes in the market structure. Around $0.09 area, we have found a bottom what we have tested two times and we can call this a "Double bottom" (W-formation) After we made a second touch around $0.09 we have a steady climb upwards. Firstly, we break the down-trendline (which is pulled from 02.05.2018 and the second touch 18.07.2018) and we made a breakout from "Descending Triangle". The descending triangle is a bear-ISH pattern but the triangle patterns have a breakout opportunities to either direction and at the moment we made a breakout upwards - bullish sign, and after those breakouts, we made a structure change, we manage to make HH (higher high) on the market! Currently, You can see that there are two blue target boxes first is above the current price of 10% and the second 18%. So, probably there You can see some price bounce or price stop because those levels are historically worked. First one is June low/support which now becomes a resistance and the second one is the July low which now may become support! If You want to enter the coin then there is an opportunity if the price falls down a little bit. Like You know we have a breakout from the triangle and the perfect breakout trade would be - breakout and wait for a retest! So, at the moment we could see that we may start to make a pullback because on the 4h chart has formed a three candle candlestick pattern called "Evening Star" (bearish pattern). Currently looks like the solid spots where to enter the trade are: $0.1 - criteria: round number, Fibonacci retracement level 38% and supported with EMA's $0.095 - criteria: it would be close to retest area, perfect Fibonacci retracement level 62% If You want to read also our thoughts about BITCOIN, then please visit our website - link is on the profile! Hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! Have a nice day!
by UToday
1D Channel Down intact. Still short.ADAUSD is approaching the Lower High limit on the 1D Channel Down (RSI = 43.696, MACD = -0.010) and 0.1100 should hold and be enough to reject the price towards 0.078501. If that breaks then the price will seek confirmation near the Lower High of the 1W Channel Down (MACD = -0.036, Highs/Lows = -0.0186, B/BP = -0.0814). In both occasions, Cardano will remain within its annual bear cycle and seek our lower targets of 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension. Both Lower Highs can be used as short entries.
BINANCE:ADAUSDShort
by InvestingScope
Cardano Support/ResistanceWelcome Back! Today I wanted to draw a simple S/R for ADA considering how it has fully retraced back onto trending support. I talked about this coin in one of my Youtube videos but never got around to making a chart so, here it is! Simple S/R strategies can be easy to use and work very effectively. Considering how this coin is back to its lowest support, now would be a great time to look towards accumulation. This is a coin listed on the popular leverage trading exchange, Bitmex. Once alt season begins lots of institutional money will start flowing back onto their exchange thus creating large hype cycles with the alts listed on their exchange. Let's see how price reacts to these resistance levels. Want more updates? Subscribe to me on Youtube! Link is in my profile description. God Bless, JolleyCrypto
BINANCE:ADAUSD
by UnknownUnicorn846565
Curve pattern broken. Bearish continuation. Short.ADAUSD has broken today the supporting curve and extends its losses on a standard 1D Channel Down pattern (RSI = 34.139, MACD = -0.013, Highs/Lows = -0.0063, B/BP = -0.0137). Our last TP of this bearish leg remains 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension, and unless we have a break-out above the Lower High limit of the Channel Down (indicated on the chart by the eclipse), it will be delivered by next week. If the Lower High breaks higher then Cardano should resume trading on the 1W pattern, which is also a Channel Down (Highs/Lows = -0.0353, B/BP = -0.0923) and should make a Lower High near 0.144276 before resuming the downtrend.
BINANCE:ADAUSDShort
by InvestingScope
Target hit. Curve pattern supports. Wait for confirmation.TP1 = 0.099141 (December 11th, 2017 low) hit as Cardano followed methodically the curve shape on 4H (RSI = 45.508) to a 0.8355 bottom. We now see this pattern reversing as implied by the rising curve on its way to a critical level which is 0.1157. That is our break-out point for the short term trend setting as it is the Lower High on the smaller Channel Down on 1D. If it breaks the the larger 1D Channel Down (MACD = -0.013, Highs/Lows = -0.0097, B/BP = -0.0281) should make a Lower High just above 0.1445 and then resume the downtrend. In both cases our T2 = 0.078501 (Dec 08, Nov 30, 2017) remains intact and under circumstances (if ADAUSD is rejected within the smaller Channel Down, then 0.059995). Updates will come.
BINANCE:ADAUSDShort
by InvestingScope
Cardano (ADA) Bull div, move up possible. Short ready.Due to the bearish market, altcoins are very easy to predict. Signals: Bullish Divergence on the 1 hour for ADA as well as 4 hour, indicating support at the current level. Cardano has tested support many times, having small bounces each time. Therefore, we long ADA now with a stop loss below the base of ADA. Once ADA hits the red cloud we close our long and consider a short. If the move up does happen and we break the red cloud, consider another long. For now ADA will likely be trading sideways. If you want to play safe, don't long in this bear market. Targets: 1783 level (+1%) Thanks for viewing! Please leave any comments in the box below. I will respond to everything.
Long
by HD1184K
Cardano (ADA) Looking for a good short entry, long also possibleCardano has formed a head and shoulders pattern followed by rejection of the trendline and red cloud. If I were looking at the chart alone, I would be shorting, but RSI tells us the rising support at the base, so a long is equally possible. Stoch has room to run too, so at the very least we could be holding the current price. If this break the white base I believe you should short. I recently got into Bitmex and now I am able to make money in this market way more easily. Short target at: 1800 satoshi's. If the long scenario happens, the 1860 level must be broken convincingly for me to go long. Long target at: 1930 satoshi's Thanks for viewing! I post all my private charts such as BTC/USD here on tradingview. They can be found in the related ideas. Message me if you would like access to my more recent ones and I will share all the charts with you.
Short
by HD1184K
5
Cardano (ADA) Bullish Pattern, looks to be a strong buyCardano looks very bullish right now, seems to have tested the base with the head and shoulders, now looking to break out for a 5% profit. This is a strong buy in my book, I already entered at 1834 when my limit order was filled. *My stop is 1864, so if the rally fails I can still rebuy at a cheaper price. Buy in: On white trendline if breakout fails, which is likely with the bullish divergence. I already bought some just in case, see note above*. Sell target: 1963 sat level, around 4-8% gain depending on your buy in. Thanks for viewing! I think this is one of the many good trades available today. Please leave your comments in the section below.
Long
by HD1184K
2
Bearish channel intact approaching a Low. Short.Cardano traded for a few days within our projected Rectangle, which was broken yesterday to the downside. So far 1D has found support exactly on the estimated 0.107614 horizontal line right before hitting the TP1 = 0.099141 (December 11th, 2017 low). I expect 1D (RSI = 34.197, Highs/Lows = -0.0156, B/BP = -0.0353) to create another curve pattern that will reach its bottom near our TP2 = 0.078501 (Dec 08, Nov 30, 2017). That will be a Lower Low on the 1W Channel Down for ADAUSD, so expect a rebound from there.
BINANCE:ADAUSDShort
by InvestingScope
PREDICTION:ADA to 0,64 is very realistic,analysis(ADAUSD,ADABTC)Hello everyone I’m interested in ADA for a long time. Today I decided to make a big analysis and to share it with you guys, let me know what you guys think and if you would like such analysis on another coin. Let’s get straight in to this . ADA/USD So you don’t have to be a TA-expert to see that ADA price is very cheap at the moment. So what are the most important things to look at: -The triple bottom is very bullish, that means that the bulls are strong enough to defend the 0.124 line. This is very bullish because it’s over a longer timeframe. We can see that this triple bottom is created in +/- 2months, which is a very long time in crypto-perspective. We can see that we’ve found support at the exact same levels in the past (March). -For me the buy zone is between 0.11 and 0.158. we can see a huge support-line at 0.11 (that’s our absolute bottom in my opinion). -I think this coin is really worth the risk aswell. The first strong resistance line will be at 0.2. the first big support is at 0.11. So that means if we go up, that our first real test is 55% higher than our current position. If we go down, then our first support is at 0.11/ 10% below our current position, so this is worth the risk if you ask me. We have had a 91% correction on this coin, this is bargain! ADA/BTC -So here we can see a double bottom, we’ve found support at exact the same price as in March. This shows us that ADA will probably never go under that price again, bulls have decided that this is the absolute bottom. We can see a very strong support at 0.000017. -The buy-zone for me is between 0.000016 and 0.00001938. -Taking a long trade is also here worth the risk, the first big resistance is at 0.0000235 ( increase of 26%) and the support is at 0.000017 (decrease of 7.2%). ADA to 0.64 First of all, in this case, cardano’s-dominance or the weight cardano has on the crypto market is (+/-) the same as on this moment. If we get an altcoin-run, the ADA-dominance could be a lot higher than 0.64. Calculation: ADA-domination: 1.33% total market cap RN: (+/-) 256 billion ADA-domination to ‘the other coins’: 6.7% ‘other coins’: everything except the big ones (BTC, ETH, LTC, BCH, XRP,… FIRST SIX) If we see a bull-run like in December, I think this market will be a 1 trillion market. If ADA domination to other coins stays at 6.7%, ‘the other coins’ (which I doubt it, I think it will be higher). Than we the other coins will at least have a 25% domination in this market, if ADA stays that dominant the next price could be at 64 cents easily. This above is worst case scenario in a bull run. If there comes another bull run, the ADA-dominance will be a lot higher, so will the price. (this was just quick maths in worst case scenario). summary The only way is up for ADA!
BINANCE:ADAUSDLong
by cheynos
4