ADA completed its 2-legged pullback per my previous analysis and even overshot the key support zone to Push #1 support at $0.41. Is this an opportune time to long?
Previous Analysis:
How do we trade this? 🤔
Cardano found support at Push #1 support from the previous bull trend around $0.40 and has rebounded to the Daily 200EMA. It's reasonable to expect a...
The moving averages are getting tighter and tighter for ADA, which typically leads to big moves. What I'd like to actually see is these get even tighter, so spending another month or two in this .45 - .60 cent region will actually lead to a bigger move long term. PRICE TARGET $1.25-1.75 AUG-NOV timeframe.
What I expect to see is BTC shoot up to 83k in the next...
Cardano tested last week and held (closed the 1W candle over it) the 1W MA50 for the first time since October 2023. The 1D technical outlook is oversold (RSI = 29.115, MACD = -0.050, ADX = 36.349) and the 1W timeframe bearish (RSI = 44.076). The pattern it is printing though is very much like September 2020, when after successfully holding the 1W MA50, it started...
➖ We are expecting Cardano (ADAUSD) to go beyond $7 in 2025.
It can even hit $8 or higher when the Cryptocurrency market enters its bull-market phase.
➖ 2023 was the recovery year; relief rally and right now we are witnessing a correction that is scheduled to produce a long-term higher low and then a major bull-market.
➖ Big green is expected to happen in the...
Some charts look better than others,. Cardano looks like to be dipping too low and should pop up in price, unless you believe Bitcoin is going to lose all of it's money invested after the halving. CCI says the price is primed for buying on most charts including ADA.
Cryptocurrencies will grow until the elections because of populism , so when a tighter monetary policy will be addressed because of inflation, it is not safe to hold risky assets such as cryptocurrencies. This analysis is based on past price acceleration. However, I expect a bit more because there are ETFs on Bitcoin, but you have to be realistic and not be too...
Next 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).
Cardano has been expected to do well this crypto cycle, but even the one dollar mark has been elusive despite a strong bitcoin market as the driver for all of the crypto space.
However, its chart exhibits a very nice Elliott wave structure resulting in a clear five-wave ascend into the 80 to 90 cent range.
Along with bitcoin’s correction, ADA experienced a sharp...
RSI is resetting. Price action continues to drop while RSI climbs and resets. Likely another down turn coming this week. .30 cent ADA looks likely in the coming weeks.
Using the bars pattern from cardano's last cycle and overlaying in the general similar areas of first break outs from previous cycle show possible scenario and price levels and timelines.
ADA completed its 230% price increase since October 2023 and now appears to be finding some resistance. Should we short here?
How do we trade this? 🤔
Shorting is not ideal on the Daily timeframe. Since October 2023, ADA has put in three legs in a bull trend, a double-top reversal pattern that has come off of an ascending wedge (bearish pattern). We're now...
Typically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing...
an EW count on ADA showing 5 wave structure with corrective sequences
Very simple and basic when we zoom out, can be labelled a few different ways, main thing is we can see clear 5 waves and targets reach fib extensions
Will update when candles print
Since entering Cardano at Wave 4, we've seen a 30% increase and anticipate further growth towards the overarching Wave (1). Subsequently, as expected, there should be a Wave (2), which would likely result in a deeper retracement, potentially flushing some participants out of the market. However, there remains a significant upside potential until then. The exact...
For what it was looking like a very bullish 1/2, 1/2 setup last week, now has invalidated after price broke down below $0.45 today. However, it is still within the parameters of an expanded B wave and now a C wave for minor wave 2. The wave 3 of 3 of C has been incredibly strong as it should, and we should see a relief rally for wave 4 shortly. An incredible...
My alerts where going crazy!! Why is the whole market crashing? I have to buy quick!! I usually Buy $300 each trade, but topping up my account takes 3 days and we don't have time! I just bought $50 worth of ADA for a minimum 20% gain in a few days!!
