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ADA/USDT - Will the big growth potential continue ? CARDANOUSDT💭 Look at Cardano globally. Hello everyone, today I decided to show you a new chart of one of the top altcoins (currently top 5 by capitalization). Yes, since the end of November 20, the asset has started its native growth and has already added very significantly to the price, but despite this, the chart now shows such a beautiful picture, it is difficult to pass by. I'm talking about a fairly large bullish triangle with a flat top that has formed over the past 2 months. The 2 previous highs give me the opportunity to determine a clear resistance at $ 1.5, but I do not think that it will be able to restrain the onslaught of the bulls for a long time - the pressure is concrete, which means that expecting a full - fledged exit up in the coming days is the only correct decision. But after that, there may well be a return to the upper border of the figure, the so-called retest from above, after which it will be possible to continue climbing towards$2. On the chart, I also marked a potential classic triangle, but I myself tend to be more inclined to a flat top. Stochastics on the MACD crossed from the bottom to the top, which strengthens my forecast. Bottom line: The trend in the market is super-bullish, and such beauty on the chart is ideal for continuing this trend. As an option, I consider the continuation of growth through the retest of the classic triangle in the area of $ 1.25, but this does not change the global picture - it only goes up, so work from longs, friends. Earn money. I admit, there was a trading idea that would short, but without loss, there is no profit. Time puts everything in its place. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
Long
by CryptoJaegerB
2
ADA Has Surged More Than 200% But Still Going Better Than BTCHi guys and gals hope you're doing good. Cardano is the coin that is going for better than the Bitcoin in other top altcoins. Today we will try to understand the movement of the price action of ADA coin what it can do next. The difference between Cardano’s move and other cryptocurrencies: As in the below chart it can be easily observed that the ADA and Bitcoin both have formed up channels on daily charts after the mid of March 2020. And there were many more other cryptocurrencies that have formed same as like this up channel following the movement of the Bitcoin. But the difference between the Cardano and all other cryptocurrencies is that ADA has broken out the resistance of this channel on the 30th of May but on the other side the Bitcoin and many other top altcoins have broken down the support of the channel. I have also placed the simple moving averages with the time period of 25, 50, 100 and 200. And when the Cardano broke out the resistance of the channel then there was a big distance between the price action and all the simple moving averages. So there were two possibilities whether the price action starts a correction rally to the downside up to the nearest available moving average to have some support over the moving averages or the moving averages move up to provide the support to the price action. And finally the moving averages moved up to provide the support the price action and that is really very positive move. At this time the price action is at the support of 25 simple moving average and 50 simple moving average is also moving up. And if we watch the 100 and 200 simple moving averages then recently the 100 simple moving average has crossed up the 200 moving averages. After this cross a complete opened alligator mouth is formed by the simple moving averages. As now we have the smallest time period moving average above all other moving averages and the biggest time period moving average is below all the moving averages. On the other side on BTC chart we have the smallest moving average above all other MAs but the biggest time period moving average so far is not below all the moving averages therefore the ADA coin has potential to move against the market its mean that if the Bitcoin will be moving down then it is possible that Cardano will maintain its position. The exponential moving averages and their synchronized movement with indicators: If you watch the exponential moving averages with time period of 10 and 21 then it can be easily observed that since the priceline of ADA has crossed up these two exponential moving averages then it is using them as good support. I have also observed the movement of the price action above these two EMAs is very much synchronized with stochastic and MACD indicators. Because whenever the price action touches the exponential moving averages and stochastic gives the bull cross and MACD also turns bullish then the price action starts next bullish rally until it re-tests the exponential moving averages again. This time when the price action again touched the EMAS then stochastic gave bull cross and MACD also truned weak bearish from strong bearish that is also a bullish signal. Then ADA tried to start the next rally. But again the stochastic has given bear cross and the MACD also turned strong bearish in the price action again moved at the support of these to EMAs. Now the MACD is again turning bullish. If the price action will be still on these EMAs and stochastic will again give the bull cross then it is possible that the price action of Cardano will start the next bullish rally. Different support and resistance level and re-testing of resistance as support: Now if we switch to the two day chart then on this chart the different support and resistance levels can be seen very clear. In the month of March 2020 the price action bounced from the last support of $0.027 and crossed up the next resistance of $0.045. The price action retested the previous resistance as support and crossed up the $0.065 resistance level and after breaking out the next resistance level the price action has broken out the $0.08 resistance level as well. At this time the price action is retesting $0.08 resistance as a support. If this retest will be successful then the priceline of ADA can move up to the next resistance level that is at 10 cents. Otherwise it can move back to the previous resistance level of $0.065 to re-test it as a support. Now the next move of the Cardano whether to the upside and downside depends on this retesting of previous resistance level as support. Conclusion: So far the price action of Cardano is more bullish than Bitcoin and other top cryptocurrencies. Therefore we can expect that ADA can be a safe heaven at the time when the Bitcoin will start correction rally. However we can set a stop loss at next support level that is $0.065 to minimize the risk of investment. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
2
ADA's last stop before 10 USDT valuationHere's why I believe this might be your last chance of getting into ADAUSDT early, if you haven't done so already. The last time ADAUSDT broke through this channel was back in early-january of 2021. It has been a very strong support ever since, which is why I believe it is highly likely we will hold this support and have a breakout to the upside soon. I have also identified this descending wedge pattern, which may be another indication of something bullish to come. What are your thoughts?
Long
by kordate
1
ADA/USD Hitting Targets and Riding the RollercoasterAlright, fellow traders, let's dive into the wild world of ADA/USD trading with a splash of humor! So, last time we checked, we were hitting those TP targets like a boss – just in time for the previous bull cycle to say "See ya later!" and take a nosedive below $1.00. Classic crypto, am I right? But fear not, my friends, because after some serious structure review and fib level analysis (because who doesn't love a good fib?), we stumbled upon another harmonics pattern. And guess what? It's pointing us straight down to our middle leg, converging with some juicy fib levels and previous structure at that sweet ~$0.40 level. Keep those lower timeframes in check though, because we need that confirmation that it's playing nice as support. Now, let's talk targets. We're eyeing that $1.00 mark, and if we break through and treat it like the VIP it is, well, hello there, previous ATH! Feeling ambitious? How about shooting for the stars with that 127 fib level, sitting pretty at ~$6.00. Aim high, my friends – the sky's the limit! Oh, and before I forget, let's give a shoutout to those ADA fundamentals. Because let's be real, in the crazy world of crypto, they matter more than you think. Remember, it's all about probability – no trading advice here, just a friendly reminder to play it safe and embrace that dollar-cost averaging life. And hey, maybe investing is the way to go – less stress, more chill. Here's to riding the ADA wave with a smile on our faces and a whole lot of memes in our hearts. Good luck out there, traders! Keywords: ADA/USD, trading analysis, crypto humor, hitting targets, bull cycle, harmonics pattern, fib levels, support levels, resistance levels, trading advice, dollar-cost averaging, investing, ADA fundamentals, ambitious targets,
BINANCE:ADAUSD
by PlutusX
Cardano in a tight .40 and .50 rangeLooking at the daily chart on Cardano it is easy to see the tight range between the support at .40 and the resistance at .50. In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this crypto as its been almost 30 days in this tiny range. .55 will be the next target as that was the most recent highs made on June 16th. .65 .70 are the last important areas to bust as those were the highs on May 31st and June 8th. I am leaning more bullish as some major cryptos seem to be looking a bit better the last few days but I will wait for .50 to get taken out first to be safe.
KRAKEN:ADAUSDLong
by Dancharles
1
Cardano (ADA) Update 26/10/21: $4.40 Target🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4. 40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support. Our current targets for Cardano (ADA) from the current price level @ $2.18. 127.20% fibs @ $3.67 (67% Gain) 161.80% fibs @ $4. 40 (101% Gain) 261.80% fibs @ $6.51 (197% Gain) EOY/Q4 Target at the full fib extension 423.60% @ $9.92 (356% Gain from the current price level @ $2.18). Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :) Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :) Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :) Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Overall very bullish outlook on ADAD with a long-term price target of $9 EOY. A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
Cardano| A possible move upto $0.20Previously we have seen, on weekly chart, the priceline was at the support of an up trend line and now finally it has spiked from $0.10 to $0.18. Up channel on long term chart: Now on the weekly chart, the priceline has started its move in an up channel. At the moment it is at the resistance of this channel. There is also 25 simple moving average support above the support of channel and 50 SMA is also moving up to the support. Wedge formation and a possible move to $0.20: On 4 hour chart, the price action is moving in a wedge and rejected by the resistance. In case of breakout the price action of Cardano can reach at $0.20. Down channel: The priceline has also formed a down channel within the above wedge pattern. There is also 100 SMA at the support of this channel. Harmonic Shark formaton: On 2 hour chart, the priceline is also forming a bullish Shark. Now the potential reversal zone of this harmonic move starts from $0.1479 and ends up to $0.1440. This is the same level where we have the supports of wedge and channel on 4 hour chart. Conclusion: There is a strong possibility that the priceline will retest the supports of wedge and channel on 4 hour chart and then move up for breakout to hit $0.20 very soon. But if the price acton of ADA will break down these supports then it may re-test the support of an up channel on weekly chart that is at $0.10.
KRAKEN:ADAUSDLong
by moon333
1
Cardano Update 09/05/21: Next Stop $2 14% Gain Cardano Update 09/05/21: Next Stop $2 14% Gain from current price level. Cardano has been consolidating for the past 2 months in a small range between $0.95 and $1.48 and we have now finally broken the previous key resistance at the 61.80% Fibonacci level @ $1.49. ADA's move towards the upside began on the 26th April, Our Swing Call Script triggered a strong buy signal when the 13 EMA crossed above the 50 SMA (55% Gain from Buy Zone) and Cardano broke above the 200SMA signalling back bullish market sentiment as the Bulls have continued to push the price higher. Cardano has grown 55% since the 26th April from $1.03 to $1.82 over a 13 day period to a new ATH in this Bull cycle. Next Price Targets for Cardano: 🎯$2.36 🎯$2.92 🎯$4.94...we estimate this in 1 to 3 months from here at the 461.80% Fibonacci Level. Cardano Update (05/03/21) From Buy Zone 1 Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Notes: www.youtube.com Hoskinson knows about Africa’s potential, his positioned strategically. There is real wealth on the African continent just the current systems stagnate growth, only a matter of time until this is unlocked through the power of blockchain and decentralisation we are going to see huge changes in our lifetime! Super smart guy! With the integration of smart contracts, the Goguen era represents a big step forwards in capability for the Cardano network. Where the Shelley era decentralizes the core of the system, Goguen adds the ability to build decentralized applications (DApps) on Cardano's solid foundation of peer-reviewed research and high-assurance development. The work for Goguen has been under way in parallel with Shelley, and when complete will allow users from technical and non-technical backgrounds to create and execute functional smart contracts on the Cardano network. One of the goals for the Goguen era has been the creation of Plutus, a purpose-built smart contract development language and execution platform using the functional programming language Haskell. Plutus is already available for testing and brings the benefits of functional programming to smart contract creation. It also allows one code base to support both on and off-chain components, improving the coherency and usability of the development experience compared with existing smart contract implementations. The Goguen era also encompasses work to make Cardano accessible to wider audiences via Marlowe, allowing financial and business experts with no previous technical knowledge to create smart contracts.
Long
by CryptocurrencyMagnet