Based on the data on the last months push and this months correction. I have placed my bets that cardano will go back to restest 1.60 and then continue its upward move back to all time high and then to newer highs.
Hi People, first analysis after months of learning.
Insights in what i think is importante. Basics, but still strong indicators.
This is how i would follow the path. double bottom is set. We need to break a neckline for trend reversal.
Also 50EMA is a resistance here. When we flip 50EMA and neckline for support, ADA can continue the bullrun and probabluy...
This is my prediction for ADA for the ongoing hours, seems it fails and continue the downtrend and it will fall under 1.90 Euro.
For me that's a a buy signal, but if ADA doesnt get up on its feet like other alts, then thats going to be an issue,
Smart contacts will elevate the price if successful. Will see.
Last analysis didnt work out completely. The ADA-EUR pair is still hanging below past ATH.
We now see two triangles: a big somewhat ascending triangle, with a smaller inside it.
let see how this work out.
Will long after a retest of the break-out. Red path!
Just sharing my point of view, not giving any advice.
I have to tell you that cardano (ada) is looking very good, I'm expecting a new AH (=All time high) soon.
We can clearly identify the uptrend and @ the moment the bulls are in control, which gives me the confidence to break our current AH @ 2,50 euro.
Cardano is a company with a lot of potential, i'm...
Second analysis regarding the ADA-EUR pair. Shortterm i expecting little downside momentum, then accumulation/consolidation after which we can continue our trend.
We had a nice run following the previous analysis. For now I took some profit at 2.50EU when we were in price discovery mode.
I think the 2,00 EUR range will be the next support where all...
Ada broke down from the upwards channel, now it’s up again after hitting the short target. Now up again for testing the bottom of the channel again as resistance? On the 5 minute you can see a clear inverted H&S. Hope you like this idea. :)