As per Cardano prediction, Cardano (ADA) entered last year as the rest of the markets, floating in a giant bubble fueled by the biggest uptrend observed so far in cryptocurrency. Meanwhile, ADA hit a record $ 1.32, but barely a month later, early February, ADA dropped to $ 0.27.The decline in the price of Cardano continued in February and March, ADA becoming part...
Based on Bitcoin's performance, it looks like Bitcoin should head towards a correction price of $7,000-8,000 which will push ADA and the entire market down. Great time for accumulation (0.035-0.040) than wait as it heads back up.
This is a nice trade setup for Cardano, even though the correction for more down move could be finished; it is more likely to correct higher based on its position on the chart and the long red impulse we have with very little flat movement.
In my opinion, if we are going to go lower, it will give us a longer correction which allows us to get this...
With Bitcoin moving inside a frustrating range for a week now, alts are also showing different shapes. Some show bullish signs while others still look bearish. ADA is also still in the 50/50 zone. As i have mentioned countless times, almost all triangles in Crypto, are 50/50 to me.
The triangle on the right looks pretty textbook, but since we have a lot of noise...
This TA is for my educational reason testing strategy as a paper trade.
Not a financial advice of any sort. Iam begginer who is learning.
Will be happy for any feedback or tips :)
All best ! Together to the moon towards better tmrw.
Priceline of ADA / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
I have used Fibonacci sequence to set the targets as below:
Sell between: 0.044990 to 0.041982
Buy between: 0.047318 to 0.052961
Atif Akbar (moon333)
Daily chart is showing a bullish divergence and we just touched strong trend line that is going slowly up!
As opposed to the BTCUSD chart that is looking very ugly, that might be good for ALT to recover.
The Cardano_Konfidio strategic collaboration appeared in the Press on Thursday morning in the press between 05h00 and 07h00 and in the German press on Friday morning. The reaction in Germany, Europes largest economy was positive. On Thursday we saw some buying which went against the market sideways and downtrend. Thursday evening and Friday morning saw Cardano...
ADA USD is currently in the wave B of ABC correction of primary degree.
Expecting downside action (start of the wave C) once the price reaches 0.061 cents
Long bids positioned in the area 0.39-0.42 cents with potential target set to 0.076 cents
This wave count will be invalidated on the upwards break of 0.062 cent resistance line.