In this post, I have tried to show the impact of each of Cardano's previous hard forks on its price. According to the chart, Cardano has a 1.60 two-month target. But in the short term(next week), decrease of Cardano TVL could make it bearish. pullback to 1.020 is possible. We have the Vasil hard fork ahead in Jun.
Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Cardano broke out of that big falling wedge, this is surely a bullish pattern, fill your bag in the zone.
Also, 100EMA seems to be supporting the current price action, and fundamentals are very positive (Shelley release)!
Current Price= 0.00000831
Buy Entry= 0.00000831 - 0.00000781
Take Profit= 0.00001034 | 0.00001162 | 0.00001348
Followed the move up, now it looks ready to correct with all the hype and news dying, also not to mention the BTC dominance increasing against alts making them fall away.
Looking to jump back in 900 sats or lower... Wish me luck...
Still going up, broke long-term resistance at 0.00001065 BTC. Growth continues on positive news, including on Shelley protocol integration that will officially arrive at Cardano blockchain on July 7th.
Usually, after major updates "sell news" happens, but given the strength of the pump and the breaking of resistance, I will observe the behavior after July 7,...
ADAU20 contract is moving short term inside a bullish channel. Recently got rejected in 1000 SATs area before dumping to 950 SATs.
It bounced on key levels which are my current entry point. Given fundamental interests in play, such as Shelley Hard Fork upgrade which will ultimated end of this month, can see only upside with this coin.
Will accumulate at any dip...
ADA has had a nice rally and with the upcoming Shelley protocol, things are going to get interesting.
As you see RSI is overbought and the increase seems to be coming down a bit - its hard to say if its going to POP UP or fall down to accumulation period!
Lets see what also happens to the upgrade and if it is deployed easily by the details listed on the project...
Over the past few days, Cardano has seen tremendous growth as a result of the Shelley launch date announcement. Massive spikes like this are almost always followed by a temporary market short. This is confirmed by the MACD and Bollinger Band SMA breaking strongly to the downside. I expect consolidation around $0.07, maybe slightly lower. After consolidating, the...
A slow conservative approach to technical growth
.20 - .25 = x4 / 2021
If we don't continue with a rising wedge we will have a triple bottom and a very fast impulse up. 3 years of consolidation and build up just means more power over time.
Anything is possible when 2023 comes.
Especially if we are above .25 in 2021
.05 price today @ 100,000 ADA = 5K USD
We have been blindsided some with a corrective deeper structure in technicals on price due to the uncertainty currently in the market. Don't be overwhelmed with your assets. Cardano's best days are ahead and I have no doubt we will see a bright future with ada if you just stick with the growth in the coming 10 years. Thats right...I said it...10 years...we have a...
ADABTC now is situated into a fwedge which will break upward soon,We have a very good 3D MA support,stochastic is going upward ,RSI is bullish because we are above 50 and also the BUY momentum still coming
Target of this wedge is at 1360 sats
Many news will come like:-Cardano 1.5 Mainnet,Ourboros hardfork,Shelley testnet-Shelley mainnet and ledger integration.The...
ADABTC was situated into an ascending channel and now they are broked down Which means now they will make a correction. If we check Stochastic RSI we have a clearly bear cross. RSI is situated above neutral zone but it s still dropping.
So,in this case,probably we will going down,keep your eyes in these fib supports
Re-buy 1044-1102 for long term
Don t play it on BITMEX
ADABTC is situated into a huge falling wedge which is a reversal pattern.Now is a very good question if we can make a breakout from this channel or not,anyway in my opinion in long term will grow exponentialy with a first target of 2864 sats which is 160% potentialy gains for here.
Note,major support of this chart it s near 700 sats and there are also a support...