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...
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...
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...
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...
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...
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...
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!!
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
ADA Drops to Last Place in the Top 10 Cryptocurrencies
ADA, the native blockchain token of the Cardano network, has dropped to 10th place among the cryptocurrencies with the largest capitalization. Today, according to CoinMarketCap, the capitalization of Cardano (ADA) is USD 20.7 billion.
On the one hand, this happened due to the success of such competitors...
CARDANO - A POSSIBLE PATTERN (FEB 2024)
Anticipating significant gains for Cardano holders in the upcoming bullish market, I also foresee the possibility of this trend continuing in the long run.
ADAUSD bounced of a trend line support and a rejection candle was formed on a four hour time frame. the market looks bullish right now and i am already in on a buy with the swing high above it as my target profit
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Alright, fellow traders, let's dive into the wild world of ADA/USD trading with a splash of humor! So, last time we checked, we were hitting those TP targets like a boss – just in time for the previous bull cycle to say "See ya later!" and take a nosedive below $1.00. Classic crypto, am I right?
But fear not, my friends, because after some serious structure...
