Positive market sentiment for ADA continues since the start of this year. During the previous week the coin was moving within a range of $0.36 up to $0.41, still testing the $0.40 resistance line. Although the daily trading volumes have decreased, on a positive side is that the buying orders are prevailing.
Although ADA made short moves during the week, RSI...
- i read many peoples complain about ADA on Twitter.
- Like the project is bad and going to nowhere.
- As Trader my job is only to do the Math and check pourcentages.
- i care about what peoples speak but i verify and deduct.
So let me do Little Math for Cardano...
ADA has extended in it's wave 5 of primary 1. This over lapping grind higher appears to be an ending diagonal for completion of wave 1. If my count is correct our retrace should come into the area of origination which is .27. However, I prefer to wait to see how price behaves over the course of this upcoming weekend.
Best to all,
adausd has formed a cup and handle pattern and its handle will continue to touch FL zone i mean $0.22 and after that this cryptocurrency can break out handle and touch main target for sure (final target $19)
i know this is crazy but what is not!!!
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Cardano (ADAUSD) is having a good start for the year as the price is about to hit the 3D MA50 (blue trend-line). This is the level that has been unbroken since November 15 2021, basically throughout almost the whole Bear Cycle. As you realize a break-out above it would be a major bullish development for Cardano. Such a break on January 07 2019, was what...
Here we are looking at ADAUSD on the 4hr time frame…
In trying to determine what Cardano will do next, let’s take a look at its current price levels. Since January first, Cardano has rallied with the rest of the market. In just the last 5 weeks, Cardano has rallied just under 70%!
The question we must analyze in the short term is where this rally will run into...
#ADA /USD TA Update:-
$ADA currently trading at $0.38
ADA is currently bullish since January 9 according to our MTT Indicator (entry at 0.29$)
He is currently on the resistance at $o.395 on the 200SMA and on the descending channel (from sept 21)
The next possible target if it breaks this channel is 1.10$ with a 179% profit
What do you think ?
After a strong rally price formed a nice ending diagonal. This is a strong reversal pattern.
We can see a nice pinbar also.
I expect a retracement at least to 0.30 level
Entry: 0.3977 (now)
Stop Loss: 0.42
Take profit: 0.33
Cardano (ADA) is currently in a WXY (double zig-zag) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag, expanded flat, and a zig-zag. The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and...
Just as the title states, looks to me ADA is primed for a final retest of support before launching in May for some nice gains!
Other ideas circulating seem to confirm this suspicion!
Good luck traders! :)
As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to...
After the breakout of 330 support and confirmation as resistance, I expect an eagle attack and continuation into the nest.
Only if a close above the resistance is valid can it invalidate this idea.
So many messages on ADA. Buy / Sell?? “I saw you’re short from $3 and dismissed it - he’s mad”, “I saw the 50 cents idea, always spreading FUD” etc etc. lots of anger, lots of emotion. Folks emotion is a money killer. When I publish those short ideas they are not without study. And for free!
Is ADA a buy? Of course it is. Why?
Real real simple..
On the above...
plant now and maybe just maybe 100 days later shall be rewarding
approaching June 2022...
note: expect Drawdown by December Jan for re balancing towards first quarter boom run
have a dormant account for retiremnt
and open a dedicated trading account to squander and keep yoursel entertained .
these are just samplers with not much liquidity or pretending to...
Cardano is a proof-of-stake blockchain network which can run smart contracts and dApps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem.