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...
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...
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.... $100? Only time will tell!
ADA / USD TA
We are looking fine overall on Cardano USD trade. Long term traders should be in this trade, however we don't have any clear reversal pattern besides the enormous accumulation. If we look at current price point, it's very alluring especially in comparison to XLM or XRP and can be considered as an addition to one's portfolio.
There's no clear...
My prediction is simple. I believe that Cardano ($ADA) will go to 0.16 due to Coinbase Listing. Of course this is a short term hold , but i see great fortune for the ADA team. Of course ADA can go higher but i'm taking a conservative position aiming at $0.16USD. Growing from less than $0.04USD to over $0.90 has more doubled your money. You'll do 4x if you bought...
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...
Despite the fact that over the past 24 hours the price of Cardano has increased by 3.75%, the asset could not achieve $0.0900 and fixed at the support level of $0.0870.
If the overall growth of the market continues, the price of ADA can comeback to its previous highs of $0.09 and above.
The price of ADA is trading at $0.087 at the time of the writing.
Analyzing the 1-hour chart, one can see a pattern ’’Head and Shoulder’’, as the rate reduced to the level $0.085. However, the coin has a strong support at $0.082 and it is unlikely to break it.
There is possibility of a come back to $0.09 as there are quite high trade volumes
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