If you're late, it's time to take profit. At this point, although we haven't a complete trend reversal, after a strong rally we have multiple signs, even under a moderate scenario, that ADA is getting close to a deep correction (ADA has already experienced a 30% retracement). Although I believe one should never rule out any possible scenario, including -in this...
ADA/USD went down by 8.88% as the crypto market as a whole dived this last Thursday as price found resistance exactly at .10 cents. All buyers from February saw returns at .06 .08 and .10 cents. Price is now correcting itself falling down in a descending bullish flag pattern on the 1 HOUR chart with price below the 20, 50, and 200 MA. I believe price is heading to...
Technically a 'perfect' mid-term entry area should be the blue box, there are some lower levels also but this is the healthiest level!
- Different Fibo levels
- Channel trendline should act as a support
- Cup & Handle curve trendline should act as a support level
- EMA's act as the support levels.
- Recently worked price levels (orange lines)
From the technical...
Hi friends! Congratulations to my Twitter voters, who came in first place with their vote for a Cardano analysis! Without further ado, let's check out the daily ADA chart!
Looking at the daily chart, we can see that Cardano is in a downtrend channel (in blue.) You can see that, much like BTC and others, the 10 EMA (in pink) has been acting as resistance, since...
This is a pure speculation of course, but it was interesting to see price of Cardano in 3 years time using the price development of Monero.
Price could reach $10 in a year time and in 3 years.... $100? Only time will tell!
ADA has had a golden cross vs. BTC, and as you can see in this chart, it is ready to cross vs. USD. On both charts, the volume is higher than ever before, and we have broken through more than one significant support/resistance lines.
Below you can see the chart vs. BTC
ADA / USD TA
We are looking fine overall on Cardano USD trade. Long term traders should be in this trade, however we don't have any clear reversal pattern besides the enormous accumulation. If we look at current price point, it's very alluring especially in comparison to XLM or XRP and can be considered as an addition to one's portfolio.
There's no clear...
ADA' has made a big rally past month and since Dec 2018. Volume has been very good as well. But now it has reached a long term resistance together with this possible wedge.
The volume picture of the wedge is okay but not great. Also the rally in the yellow zone was quite strong and not very typical for a wedge, but still...