Welcome to this analysis about Cardano on the 30-minute timeframe perspective. As Cardano recently has shown up with initial bearishness that should not be kept by side I discovered important signs it is currently forming that can indicate a continuation, therefore I detected all the meaningful levels and likely destinies we should consider here....
ADA was rejected by the $1.1 level as indicated by the Fib line at 78%.
Now we touched support and we're holding for now. We may range for a while, however there are some reasons why you should be careful here:
1. We're under ATH, so price will likely be rejected at first try
2. We are forming a massive bearish divergence on MACD+RSI
3. Volume is decreasing
As i said in my previous post about ADA it was crucial that the support would hold. Luckily it did hold and now ADA is struggeling to brake the resistance. If the candle on the 1 hour chart will close above the resistance i'm pretty optimistic and i believe we will see a up trend again.
Cardano it's so bullish to medium term to arrive at $1.40 USD.
Guys, we're so happy with Cardano, the next big adoption in this crytpocurrenc are incoming in the next months. For that, this it's a excellent opportunity to follow Cardano when break out the $1.40 USD. my next objective it's to watch Cardano at $10 USD in medium to half long term.
This looks interesting. ADAUSD might be heading to its all-time high next.
This information is for education purposes only and you should not execute any trade based on it. Please do your own research.
As we can see Cardano is creating lower high again and again and new falling trendline formed here and the price once again touch the trendline and some reject get completed and we can expect falling to our targets
and we can expect some bull candle here too and reaching the second trendline and on that scenario falling...
ADA Cardano was selling on March 13 2020 for 0.018usd.
On February 2021 the price was 66X higher, 1.20 usd.
What made it so valuable during this period to worth $47,009,620,036???
Just to make an idea, CRISPR Therapeutics AG, a gene editing company, focusing on developing transformative gene-based medicines for serious human diseases worth 10Bil. Almost 5 times...
ADA is going sideways with few pumps and dumps, I don't think it will come back till purple and if it does it's just gonna be for a brief moment. If you don't have ADA coming days/week is perfect to DCA in. ADA will do extremely well till end of bullrun. A nobrainer coin to hold.
1. Gougen era incoming, hoping Mary hardfork will begin in end of february/early of march.
2. the "Mary upgrade" will make ADA a multiple uses asset like ethereum & polkadot. soon will bring many developer to built Dapps, NTF, DeFi on Cardano.
3. Elon Musk might buy ADA. assuming the correlation on his tweet mentioning about "some crypto coin was pegging...