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My previous analysis results in a long-term increase in Cardano in the next few months, in which my new analysis indicates strong short-term movement shift which values Cardano to a highly developed deposit. My intentions on Cardano continue to rise and I hope for the best!
ADA has been holding the 2 dollar support pretty well. Depending on how BTC is doing, it could soon break the trendline. Next targets can be 2.31, 2.44, and 2.80. This is not a financial advise but a mere opinion.
Hello everyone !
Today the Black Cat Trader is analyzing ADA on a weekly chart.
What we can see :
* Using Ichimoku : ADA is showing us the perfect bullish configuration with Ichimoku. Prices are over the Kumo (cloud), the Kijun and the Tenkan, and the Lagging Span is above the prices. This is the configuration you want to see in a bull market.
hello everyone , how yall doin ?
so as yall see , the numbers are showing the elliott waves . Where is the fifth wave going to end ?
it's simple (like always) , just have to use Fibonacci Extension . 38.20% , 50% and 61.80% are important percentages , so our first target is the red zone (it's the zone between 38.20% of Fibonacci Extension and 200% of Fibonacci...
$ADA is above a long term ascending support zone, and also another ascending support line, that they made a triangle pattern with resistance zone, as you know a break above the upper line of triangle will be bullish way and take price to around $4.
but a break below the lower line of triangle can cause more drop to $1.8 or even $1.5.
My analysis highlights a longer upward ( bullish ) stage or strength of Cardano , which will regain the height of 2.74-3.14, and create a new height of 3. 40 .
I look forward to a longer upward period that we will record over the next following months. Happy Trading!
Hello everyone, the crypto market had an unexpected explosion, please do not panic buy!
there is a lot of resistance ahead and we need to think before trading or investing.
Buy now is risky, there is resistance ahead that may stop us from going any further !
Be careful if you are planning to buy now.
Krypton has gradually managed to achieve disappointing results, but now the end is near!
Cardano produces strong signals that lead to real circumstances. Cardano tips the lowest 2.00 - 1.9, subsequently larger upward waves will subside.
hoskinson ,cardano main founder, after several days of fresh break came with Africa tour idea.
it means he wants to put ada in work in the real world and he is looking for more intact markets to absorb money and developers for cardano .
he denied ada token burning so it means he doesn't like fast price change that made me think about a longterm...
Hello everyone, ADA is currently sitting in an interesting pattern that may turn really bullish.
ADA reaching $5 by the end of the year is not something impossible, we need to wait and see how the current situation develops in order to understand what comes next.
Have a nice weekend and an amazing trading/investing week !!
Hello everyone, this is my very first trading idea! I don't trade a lot and I tend to spend less time on charts. Anyway, this is what I see for ADAUSDT in the coming weeks. Currently, the price action is very compressed between two important levels, 2.40$ and 1,90$ that act as resistance and support. This might be signaling a period of consolidation, where buyers...
1-ADA broke the support zone and it is trading below it + it is respecting the downtrend.
2-ADA is trading at edge of the Kumo cloud
I will go short on ADA below the cloud:
My targets are in blue on chart:
TP 2: 1.865
TP 3: 1.755
TP 4: 1.608
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NFA – ALWAYS DYOR
$ADA broke out from descending resistance line, but here is a long term resistance zone that break this zone can pump the price to $4.5.
a rejection from this resistance can drop #ADA to maybe $1.5.