ADA Cardano and the Altcoin Season ThesisIf you haven`t sold ADA here:
Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ADA Cardano, for which my price target is $0.45.
Looking forward to read your opinion about it!
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ADA Cardano - The Whales WhispererCardano (ADA) Whales on Radical Move as Network Activity Heats Up: Details
The chart:
ADABTC on valid support and structure looking to be gaining momentum.
Slightly Descending channel on support (the dark blue channel on the chart), backed by reliable support (green trend line) and we want to be early on this trade.
Targets:
- The mid of channel is more than 83% likely to be met and it does confluence with the 0.382 level at roughly 52% higher (ADABTC value).
- The upper level of the channel just over 0.618 offers a 101-124% rise on ADABTC and i see this over 53% likely to be happening this summer.
- Finally the most optimistic target is still 42% likely and it lies on the white trend-line..follow the 'bubbles' they are ascending in a perfectly linear manner as Support and Resistance. If this line is met we would be selling.
Let me know if you like this chart and thumbs up to OKX for an amazing idea to host the OKXIDEAS Contest.
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update:
$ADA currently trading at $0.3919
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23)
We have potentially a Profit Point coming at the end of the day (5,5% Profit).
There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before
But we have broken the descending channel.
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
if ADA holds, we could see a massive gain (183%).
What do you think ?
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- When to enter short or long
- When to exit and take profit :-)
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✅ ADA (Cardano) - What's next? Time to analyze my favorite coin, ADA.
As we said before:
Cardano (ADA) has been going through some corrections as we all expected. right now it's consolidating in the confirmation area, which is the yellow thick line. If it manages to get enough buyers then this confirmation can start a whole new bullish market for this coin.
And I think this might be the time for it because we're in a demand zone and we just need more Buy Volumes in the market.
However, if things don't work out and we see a drop from that point, then our Green Zone, which is our strongest support area can push the price back up in no time.
Update: Watch for Bitcoin, since it looks like it's going to touch ATH or even cross it. After Bitcoin calms down ADA can perform stronger than now and might run for testing the ATH. If possible, it might cross it and touch the red resistance as I've shown on the chart.
if not successful, then it's going back down but I'll update the support when that's about to happen.
Right now I'm seeing strong demand for ADA since it's trying to bounce from this demand zone.
Also, the market is showing Strong Buy volumes for ADA on different platforms.
I'm buying more ADA myself, and if it drops I'll buy even more... I always look at ADA as long time investment and never do future trades on it. If you are trading on it, be careful, because any unadjusted long or short position might cause liquidations since we are not sure if it's going to drop or bounce back up.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $2.293
Good Luck
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ADA Cardano Touch and GOOOCardano is moving bullish and despite overall correction in May, it is still holding above long term trendline. ADA touched support for multiple times and always showed firm in place. All dips are being bought which is probably due to anticipation of final deployment of the Alonzo upgrade on the main net which is planned to be in this month. On July 15 Alonzo test net has hard forked from the Alonzo Blue to the Alonzo White node, which is the last stage before final launch.
The ongoing phase of the protocol’s roadmap is the Goguen phase, which is the third phase after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary, and Alonzo. This leaves the Alonzo upgrade, which was further split into three different phases, named Blue, White and Purple. The completion of this phase will bring much anticipated smart contracts to the network.
ADA is one of the most stable tokens among all cryptocurrencies, mostly as around 72% of all ADA tokens are staked on the network, amounting to around €25 billion. In June Grayscale added ADA to its Digital Large Cap fund, making it the third-largest component after Bitcoin and Ethereum.
ADA has a lot of room to the upside. As longer the price stays above trendline, dips should be bought. My first targets are $1,8 and $2,3, but I’m anticipating higher numbers on longer term.
ADA Cardano Price TargetIf you haven`t bought ADA at the beginning of the altcoin season:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ADA Cardano is the next resistance, $0.62.
ADA Cardano Will Have A Great BullrunI believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion.
In the short term I see ADA falling down about 40% percent down to 30 cents before its run up.
Not financial advice, just my opinion.
ADA | Cardano | The Lower support should push the price back upADA | Cardano | The Lower support should push the price back up
Since mid of May-22 Cardano is moving within a wide trading range after
tested a strong key support area coming from the weekly chart.
It looks like Cardano found a comfort trading zone located between 0.406413 - 0.579958 and 0.663290.
Price is testing the lower support again and the bullish volume should be very
strong to that area as the buyers are well positioned there.
We can see the price to increase very soon.
Thank you and Good Luck!
ADA/Cardano ending the BEARISH cycle(s)Two scenario's, let's see if CARDANO can fight the two purple resistance lines and end the BEARISH bias.
Als compare the ADA/USD(T) chart to the Bitcoin and Ethereum chart.
ADA had its peak in early September, after continuing downwards pressure, ETH and BTC did make later there ATH.. let's see..
ADA CARDANO - Time to Rise?Cardano has been quiet. Hoskinson's interview with Lex Fridman made no headline news but it was reassuring to see the quality of Cardano and it's founder.
Quality? Supreme!
I am only looking for Long set-ups when it comes to Cardano and my chart shows possible support.
the FXPROFESSOR
ADA (Cardano) good sell Signal Sorry i have not posted in a while i had issues with a bank transfer to my Crypto exchange that didn't go through resulting in my account being frozen until i could get it fixed anyways. Will be updating a lot more for now on.
As for Cardano i took the sell signal personally RSI is nearing the 70 so good sell ill be buying back in when we reach under the 40 close towards 30 on it for cardano dont sleep on Cardano keep a moonbag locked away for the long term future
ADA ROADMAP Update - Possible 50% moveADA/Cardano will be releasing their new updated roadmap on the 4th of December 2018 or Tomorrow. Nouvive Intelligence states that this usually coincides with a increased in market sentiment and awareness within the community.
What does the Charts say?
Bullish
On the higher time frames, accumulation appears to have spiked since ADA has found their bottom at 4 cents.
MACD for the first time since September has flashed to a BUY signal. The last time this happened on the daily, we saw a 40.71% pump.
On the lower time frames, there appears to be a volume gap at just below the 200MA and the previous resistance seen on the 29th November - a 15% increase.
A 40% increase too can be seen based on the fundamental driver and the need to fill the volume gap at just above 5 cents.
RSI Stochastic on the lower time frames appear to be OVERSOLD and signally buy entries.
Bearish
RSI stochastic on the Daily illustrates that there is a dump to come, however this seems unlikely as ADA has seen a close to 100% retracement since the top.
Fundamentally, if the situation is not clarified with IOHK as to the future of ADA - we may see a further downtrend.
Nouvive Says for traders:
An entry point is available at current levels, especially as on the lower time frames, ADA appears to be in a bullish triangle pennant where the top is $0.0432, a breakout of that level will see the volume gap at $0.046 filled for a 15% gain over a 3 day period.
Nouvive says for Investors
Ane entry point is available at current levels for a 50% gain following ADA's breakout of the bullish triangle pennant to go above the 200MA on the lower time frames and see the previous resistance at $0.061 last seen in the middle of November.
ADA Cardano to $0.42 Range by December 200% Increase form $0.15This prediction is based on historical performance of Cryptocurrency after reaching an all time high, then following lower highs and higher lows of consolidation, namely Bitcoin. I believe Cardano is going to follow Bitcoin's consolidation pattern which will follow the higher lows and lower highs as buy and sell signals.
Next high for BTC would be $16,900 range, roughly a 200% increase then followed by a pullback consolidation to $8,000 range.
That would set Cardano's new low after $0.42 would be around $0.20 cents, I don't think that ADA will follow the same lower highs and higher lows patterns like BTC, instead it will most likely follow a bullish ascending triangle formation.
What do you guys think?
ADA CARDANO 4H Retrace - Is It Time To BUY?👀👉 ADA CARDANO has recently experienced a pullback, leaving traders wondering: what’s next? I’m leaning toward looking for a buy opportunity, but this depends on a bullish structural break—specifically, a break above the current previous high on the 30m timeframe. 📊 Disclaimer: This is for educational purposes only and should not be considered financial advice. Always do your own research and trade responsibly.
(ADA) CARDANONext Phase? Could the next trend be even bigger than the three previously? Looks like that could be possible. How long will cardano slip, go sideways? Only time will tell. This picture is an imaginated outcome for the future of Cardano, and quite possibly all other altcoins, unless they don't apply, in example Solana (SOL).
ADA | CARDANO : The Support Area Can Push The Price Up AgainADA | CARDANO : The Support Area Can Push The Price Up Again
In May 12, Cardano tested a very strong support area that is located close to 0.427484.
Most of the movement was created from the Bitcoin crash and we can see that during
this period of time Cardano tried to recover several times.
However, both bearish and bullish pressure is very high.
This can be seen because the price tested the support zone for 4 times on the past
and we can see that the price increased again.
So considering this we can have another chance again for another bullish movement.
Thank you and Good Luck!
#ADA (Cardano) My Plan for midtermaccording to my technical observations Fundamental analysis and information within the Cardano community circle which is getting stronger, and also the start and development of projects that use the $ADA network I think this analysis is still logical to consider as an investment material.
#DYWOR
#ADA
#cardano