Cardano price dives to the years’ last line of defense and most formidable support at $1. The formation of a double-bottom pattern points toward potential recovery to $1.5. Cardano bled profusely alongside other cryptocurrencies in the market on Monday and Tuesday. The losses are likely to have come into the picture amid the bullish camp’s exhaustion. In...
Cardano 'Bearish' technical analysis. I've been holding Cardano in several month, and the currency has only, at the time, accomplished strong falling 'bearish' results. I've done some more research and analysis, that i would like to share with you - 'Short'. - Thanks BITFINEX:ADAUSD
According to this pattern, the probability of growth of this currency ( ADA ) is very high. Although the movements and dominance of Bitcoin must be monitored, I personally bought this currency.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Cardano (ADAUSDT) is forming a potential double bottom with the neckline at 1.40. If price breaks above 1.40 with strong volume, I will be looking to take a long...
On the weekly ADA can be seen to be briefly touching the 2.618 fib, a level it has overcome but has dipped back down to retest On the Monthly a Bullflag can be distinguished from the low volatility in the past weeks, which is also a good sign for the bulls Personal bias is neutral on ADA, but this does look very bullish Above is a chart showing the tight...
Cardano has been trading under an extended resistance trendline that has kept prices down. It has just formed a bullish RSI divergence on the 1H timeframe, suggesting that bearish momentum could be taking a pause. If price is able to break above the resistance trendline at 1.42, we can see a rally to the critical $1.50 level. The 1.50 is an important level for...
On a 4H chart it seems like there is a double bottom in the forming on the lower band of the channel, that holds the price for the past 3 weeks. On a larger scale we can see an attempt of inverted H&S that failed at the now upper channel resistance level. Full double bottom formation would most likely mean retest of a channel resistance - with RSI and MACD levels...
Price formed a clear resistance line. I see 2 scenarios for buying. 1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest) 2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32 This idea not for people who want to buy and hold. It's...
ADAUSDT - Intraday - We look to Buy at 1.531 (stop at 1.439) Daily signals are bullish. Pivot support is at 1.500. We look to buy dips. Dips continue to attract buyers. We look for a temporary move lower. Short term bias is mildly bearish. Our profit targets will be 1.821 and 1.861 Resistance: 1.700 / 1.750 / 1.830 Support: 1.600 / 1.550 / 1.500
The price of Cardano has formed a rising wedge pattern on the 4h time frame which has bias to break to the downside. The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop. MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected. RSI failed to hold above 60, meaning bullish...
ADA looks to continue its journey up It is within a tight range which I expect to breakout to the upside Forming a long term support
Get ready for Cardano $ 2.10 if daily candle miss 50% of previous candlestick drop today.
The graph speaks for itself. Some of these possibilities will be defined when reaching the marked area. MEASURE YOUR RISK! The loss you assume in case of failure should NEVER exceed 2% of your total capital. NEVER. We invite you to share your vision in the comments. Thank you
Despite the fall of Bitcoin, Cardano reacts very nicely to its support and resistance, and is expected to have an uptrend in the next four months, when Allenzo's hard fork is fully done. BINANCE:ADAUSDT
After the recent low of around 1usd figure, Cardano has risen 80% and reached 1.8 important resistance. As in a lot of coin's cases, I don't believe we are back on bull trend, but just correcting the recent steep fall and a new leg down in fallow. That being said, I will look to sell around resistance, and only AdaUsd clearly above 2 would change my opinion
Cardano had an interesting last week whereby it rose into the fifth spot on the market despite the freefall in price. The staking platform boasts of a market cap of $48 billion and trails immediately behind Binance Coin. The trading last week was gruesome not only for ADA but the entire crypto market. From the recently traded all-time high of $2.5, ADA plummeted...
ADA looks bullish on the short term price movement. It is forming an inverted triangle on the 1h chart. The price rise will be equal to the height of the candle thats comes closest on both the sides and can be seen in the charts. If the price moves over 1.45, the next resistance wil be at 1.475 and then 1.5893. With major developments about to happen by June,...
ADA has lost a very important support in 1.5 $ range . So, it's become the new resistance for the currency. If the support 1.2 saves and stabilized, we could be hopeful for the rest of the uptrend to the 2 $ and higher. If Not, the situation may become complicated and more critical and even the repair may continue till the less than 1$ ! So , its not the time for...