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ADA (Cardano) price analysisToday we have a review of Cardano from the technical and fundamental side. Let's start with our profile part. As we can see, it looks weaker than Ethereum and Bitcoin, this indicates that support could be broken, bounces are weaker, plus we once again approached the support level and this time we approached on very aggressive candles and volumes, which is often not good, this indicates that support will be broken sooner or later. Therefore, my scenario will not be positive as long as we are trading below Resistance 1 ($0.48) and Resistance 2 ($0.5) and it would also be good to fix above the important movings that are now going together 50ma and 100ma. Roughly speaking, while Cardano is below the $0.50 level, these are only short scenarios with a low update at the level ($0.40), and after the low update, you need to look at the reaction of buyers and how aggressively purchases will be made. And strong buys are possible because the Vasil hardfork will be released from the Cardano network and the founder believes that there will be no problems with this. Among other things, Cardano is consistently in the top 5 crypto projects in terms of developer activity. Also Cardano was ranked 26th among 600 global brands and first in the crypto industry by brand relations agency MBLM among many popular brands, such as Disney, Tesla, etc
by razumcapital
ADA CARDANO - It Will Shine Again - It will Rise AgainSome cryptos disappear (just take a look at what was around back in 2017 for example: coinmarketcap.com (how many of these do you remember? 30%? less?) Well Cardano is here to STAY and this could be a great time to accumulate some. Just remember to take some profits. very recently we bought at 40 cents sold at 68 cents (we shared it with you here: ) ☝️ Most of you guys lack education. Your eyes are 'looking' at tons of 'free stuff' but you are not able to process and understand or use right what you see.... then again many of you are more able and this is the category that is appreciative. Anyways: CARDANO IS ONE OF THOSE TOKENS THAT WILL STAY! One Love, the FXPROFESSOR
Long
by FX_Professor
3
ADA / Cardano- Bottom reached?Cardano seems to be following the same or similar pattern as much of the other bigger coins. Big take off and a slow decent to the bottom. Will Cardano become more than a $0.13 coin? Last week, Emurgo, ADA's commercial venture arm, joined with Indonesias HARA to host Blockchain for Real World Problems in Jakarta. HARA works by providing tokens to users that frequently share their farming and agriculture focused data. Earlier this year we saw a Cardano price of $1.40. If a bull run were to take place, is it possible to reach those numbers again? How long and what will it take for that to happen?
Long
by GPI-Legacy
ADA Cardano - Ready For A Massive Move?Hello friends, today you can review the technical analysis on the 1D linear scale chart for Cardano ( ADAUSD ), a cryptocurrency altcoin. #CryptoPickk noted in the chart: 1) Cardano price has been falling since early September when it hit the top of the trendline and now retraced to the bottom trendline. 2) The last time the price had a parabolic rise from the bottom trendline, it took 45 days to get there. Assuming this, the price would reach the top of the trendline again on January 7, 2022. The price has the potential to rise by 131% from current price levels. 3) The Stochastic RSI ( Stoch RSI ) looks like it is forming a double bottom before moving up. CryptoPickk outlined this by the red oval. 4) The RSI ( relative strength index ) looks ready for a double bottom as well then upward momentum. CryptoPickk outlined this by the red oval. 5) The Volume Profile (VPVR) shows the highest amount of resistance below the current price as outlined in the dotted green line. There is resistance at around $2.10-$2.15 range. 6) The Volume seems to low with potential anticipation of a move coming. CryptoPickk shows this by the arrows. 7) The Ichimoku Cloud is looking similar to a prior pattern before the price upward occurred. CryptoPickk shows this in the orange ovals. 8) If price falls, it may be supported around the $1.45-$1.50 range. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:ADAUSDLong
by MillionaireEconomics
5
ADA - All Time HighADA (Cardano) is retesting the main resistance here as you've noticed. But this time, way stronger than before. Last time we entered this zone, we experienced a correction season and everything started collapsing. Now there are no corrections anymore so we might see a good breakout. As you can see the prices for ADA are consolidating in a good range of resistance which is building up enough volume for a good retest. I personally don't trade ADA, I just hold them as a long term investment. So this chart isn't a daily chart for your trade setups. Just seeing how this coin is behaving in the past few months. I'll keep this one updated too if anything important happened. Keep holding. Current Market Price: $2.0885 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
11
ADA (Cardano) Broadening Wedge: 13/5/2021Kopite Analysis Daily: 13th May 2021 — ADA/USDT (Cardano) Welcome back to another daily analysis. Today we’ll be talking about ADA and its bullish pattern, the broadening wedge, which it is in right now. Known as an ETH killer, ADA hasn’t quite seen the major pumps causing coins to go 50-60+% (though it did go from 0.1 to 1 at the beginning of the bull run). However, it’s been steadily on the rise, and the broadening wedge may be the key to the next major leg up for ADA. After the recent dump related to Tesla suspending Bitcoin payments, ADA hit the lower boundary of the wedge and bounced. In the near-term, we may see it hit the upper boundary yet again, at around $2 levels. That’s it for this post, stay tuned for more tomorrow! (NFA, This Is Not Intended To Be Financial Advice. Use Charts at Own Risk.)
Long
by KopiteLC
ADA • Cardano • Ongoing correction Cardano is currently in what I believe to be a correction before continuing with mark up towards next target. That supply trendline above price is currently acting as structural basis. Breaking and retesting above it will offer high probability setup. Demand zones outlined in green are price ranges to be looking for long entries. For the moment better stay out but not necessrly being exposed to short side. I think there is much more risk to the downside in case this alt decides to pump out of no where which is typical in a bull market and considering Cardano fundamentals seem to be strong lately.
by D7R
ADA - Cardano - A tale of two moving averagesNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. There are two charts posted above so I apologize for the confusion this may cause. I'll post each individual chart below for easier viewing. There are a few things I want to point out on this chart. 1. We're looking at the daily chart on both charts above. The chart on the left shows the 50 and 200 moving averages. We can see that we came close to a bullish cross but were swiftly rejected. The 200 Daily MA is holding ADA back. The rejection on the cross of the 50/200 is pretty bearish to me. If we stay below 1140/1150 on ADA (AKA we don't close above it), we're still bearish. 2. On the chart on the right, we have several daily moving averages to look at. We have the 25/50/75/100/125/150. Similar to point 1 above, we were not able to close above the 150 exponential moving average. We tried but we just couldn't do it. Each reattempt was caught short of the mark and now we're trading below basically all of the important moving averages. Right now ADA looks like it might be a good play but hear me now, if the selling pressure continues, ADA is on track for low 1000's or even mid 900's so be very careful. I'd venture to say that trading off of the 50 moving average would be a good strategy here. Left Chart. Red Line. When we break above it, we break good. Take profit when you feel like it. Buy again when it reapproaches the 50 and stop loss if it closes below it. It might require you to monitor your trade but as long as you are watching the trend and the trend is up (look at RSI, stoch, and MACD) then it's saf(er) to buy and if it flips bear, sell on that macd bearish cross. A very simple trading strategy. Trade safely friends! <3 -CE-
by bitdoctor
ADA Cardano at a Crossroad, Bearish wedge or stil IH&SSeveral Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge. The volume is not perfect for a wedge though, also thinking about the holiday's the past 10 days or so, the volume picture might be even completely wrong. For now i think it's important to watch the range on the left, between the red and green zone. We can zee a small bullish wedge against a small H&S. I still think the past week might all be noise because of the holiday's, i am just not sure about it. A year ago there was no noise, but that was because the hype was extreme those days. So i would just stay open minded between the 2 levels and make your decision after it breaks. My personal assumption is, the real direction of the market will be shown next week, from around Monday, assuming volume increases again. Previous analysis:
BINANCE:ADAUSD
by botje11
7
ADA: Still in Wave 2 (updated EW count)ADA/Cardano and its forever sideways price action has led me to redo the count for the two yearslong bear market. Previously my assumption was that Oct 2023 was the termination of primary wave 2. However, the price action for an entire year since then has not been impulsive. It is possible that Primary degree 2 is done and this price action is another 1/2 on a smaller degree, but it is odd to start the wave 3 of primary degree this weak and this slow. So, looking at the structure again and new thesis is ADA is at its last leg of the Primary wave 2 correction. Either it finishes up the y wave of the minor degree as a triangle, or it could correct deeper as an ABC, where the triangle structure forming right now drags on longer for a B wave triangle and then get a C wave back to $0.16 - $0.14 area to complete the correction. This could drag on till next year Q2 where BTC correction could also end, on a different degree of trend. For now, I am only going to wait and watch.
BINANCE:ADAUSD
by mukit1
3