ADA has consolidated sideways for several weeks now.
USD and BTC pairs are both positioned for upwards movement.
when both pairs move together the movement can be very aggressive. We will wait and see.
Ada at the moment is hovering around 2.26 which is acting as a strong support level, the lowest price drop for ADA is around 1.93 and then price started to pick up. This also happened in past where 1.93 acted as strong support and price picked up. We do have an asymmetrical pattern but its favoring on the up side more. Once the price break through the pattern on...
looking at the entire week of consolidation, currently the lowest resistance level is now at 2.29
our highest support currently at 2.79 approx
looking at the rsi and macd we are seeing bullish movement along with bullish candle forming after consolidation in 4hr tf
For a price to reach above $3.09, first it needs to break the price 2.62 where its currently...
Now that Cordano is back under $3, we are taking a short term short position (yes it is brilliant English). Expecting a pull back even though our long term investment strategy is highly bullish.
If it breaks back out over $3 we will take a hit on it and just close the position. Maybe add to our big long position. Manage your risk management, risk a little to...
I am so excited about this project. Speaking as a software engineer myself, ICP is the end game of blockchain technology. Being able to build and publish applications to a "cloud" that is not owned or regulated by any one entity is the ultimate service.
right now almost all software services are hosted on cloud services owned by one of several major...
As my idea graph, i think ADA will be getting down in short term period, having resistance at 1.37 (it will be touched this price just a few minutes) however, in long term i am sure that going to top hill latest this year.
ADA is being pretty sluggish. We made a small profit on the bounce from 1.17 but it isn't responding well at ~1.22.
BTC is struggling to get up like an old man and altcoins are feeling this.
I think BTC will probably take a pretty solid dive.. This will definitely drive down prices.
This isn't certain, but the low energy bounce is concerning. I've sold am going...
Ada is giving many signs that it is ready to move.
1. ADA/BTC pair (not shown, check it out though) , the 50MA (blue) is pushing up and trying to cross above the MA(red)
2. ADA has consolidated for several weeks and created a bullish pennant.
3. Overall market is bullish, but ADA has not yet moved, although there is significant upwards pressure as we see volume...