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Cardano

Cardano(ADA) Bullish continuation to the ATHsCardano, also been one of those tokens that are actually not pumping that hard, also mves like a tortoise, XRP's Brother. Based on the chart, ADA on the Bull run as well, from around 0.6400 we have been bullish, then we hit correction from 0.7525 which has just completed around 0.6827 then our perfect entry was at 0.7000, from there Im still expecting more moves to the upside till 0.8000, but also note that we might break above this zone till new ATH's, as im expecting ADA to atleast create a new ATH this bull-run. So you can take positions from the current price if you want to ride the wave as well. Otherwise its NFA as always. Awesome trading week.
Long
by Theofylrx
1
ADA - LONG TERM - Cardano is a blockchain platform that aims to provide a more secure and scalable infrastructure for the development and deployment of decentralized applications (dApps) and smart contracts. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano distinguishes itself through its rigorous scientific philosophy and commitment to peer-reviewed research. One of the key features of Cardano is its use of a layered architecture, consisting of two main layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is responsible for handling transactions and the transfer of value, similar to Bitcoin's blockchain. On the other hand, the CCL is designed to support smart contracts and dApps, similar to Ethereum's platform. Cardano's development is guided by a research-driven approach, with a focus on academic rigor and formal methods. The platform utilizes the Haskell programming language, known for its strong emphasis on correctness and safety, to implement its protocols. The project is governed by three key organizations: the Cardano Foundation, responsible for overseeing the platform's development and adoption; IOHK (Input Output Hong Kong), the engineering and development firm tasked with building Cardano; and Emurgo, which focuses on driving the adoption of Cardano and supporting commercial ventures built on the platform. Cardano's native cryptocurrency is ADA, which is used to pay for transactions, run smart contracts, and participate in the platform's governance through stake delegation and voting. The platform employs a proof-of-stake (PoS) consensus mechanism called Ouroboros, which aims to achieve scalability, security, and sustainability by allowing ADA holders to participate in the block validation process based on the amount of ADA they hold and are willing to stake. Overall, Cardano aims to address the shortcomings of existing blockchain platforms by offering a scalable, interoperable, and sustainable ecosystem for decentralized applications and smart contracts, driven by scientific research and community governance.
by clasaicrypto
ADA is poised for an upswingHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ADAUSDT 1M chart) The upward trend began when the MS-Signal indicator rose above. Additionally, since the MS-Signal indicator has switched to a bullish sign, it is expected to continue its upward trend if the price holds above 0.236 (0.6024). (1W chart) If the upward trend continues, 1st: 0.9250 2nd: 1.3678 3rd: 1.9655 It is expected to rise to around the 1st to 3rd levels above. We need to check whether the price can be maintained above the top of the box of the HA-High indicator. (1D chart) The (1) section is the psychological volume profile section. Accordingly, the key is whether the (1) section can be broken upward. To do that, we need to make sure the price stays above 0.6984. If it falls below 0.6984 and shows resistance, there is a possibility that it will turn into a short-term downtrend. The important point to continue the upward trend is around 0.236 (0.6024). Looking at the Renko chart, it shows that an upward trend is about to begin. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
💎 BTC/USDT - New ATH ~ $72K , What's Next ? (READ THE CAPTION)With the new review of the Bitcoin chart in the weekly time frame, we see that in the past moments we saw the price reach a new ATH and Bitcoin managed to grow to $72,000! I congratulate Bitcoin holders on this attractive growth! As you know, when Bitcoin reached the level of $70,000 last week, And it even dropped to $58,000, which quickly filled this liquidity gap and we saw its further growth to higher levels! The next possible targets of Bitcoin will be $77,700, $79,000, $85,000 and $100,000 respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
58
Channel's FloorThe price trend of Cardano is identified as bullish, and it is positioned within an ascending channel. It is expected that the price will oscillate between the ceiling and the floor of this channel. The price was located at the channel's ceiling and had been predicted to possibly decrease to the channel's floor. The price is corrected to the floor of the channel, received support again, and grew, reaching the ceiling area once more. Currently, it is predicted that the price will decrease again and return to the floor area of the channel. However, if the price grows contrary to this prediction and stabilizes above the channel's ceiling, it might experience significant growth. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
Cryptolean Cardano ADA Update: Watch $0.76-$0.80 ZoneAfter a fast bearish dip to the key daily support at $0.57, an ascending trendline, 50-Day and 100 Day Moving Averages, Cardano recovered strongly. It is bullish in the daily ADAUSDT chart and re-testing the key daily resistance zone of $0.76-$0.80. Above $0.80, bulls will take control of the ADA price chart towards $1. A daily candle closure above $0.80 will push XRP price towards $0.90 and higher. A bearish rejection of $0.76-$0.80 zone will result in price declining towards $0.66, the current key support, for Cardano. The ADAUSDT 4-Hour chart is teasing the key intraday support of $0.72. A reversal from its current price location is likely and a bullish rejection of $0.72 will push Cardano to the key intraday resistance zone of $0.81-$0.84. A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.81-$0.84 and higher. ADA will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and ADA won't be an exception. Like once read. Thank you!
Long
by Trade-Lean
Cardano price can reach 0.78 levelHi everyone, Cardano price broke all levels and set new yearly high 0.68 price level. To be honest I didn't expect this bull run in December as Cardano price rose more steadily than rapidly. At this point main resistance remaining at 0.78 price level. In case if ADA manages to break it then road to $1 becomes open. It might be that after reaching 0.78 price level there might be some price correction on Cardano. I don't think that ADA will manage to break 0.78 before Bitcoin halving happens. Cardano price already increased on more than 50% just in one week and it's not good idea to expect another 50% increasement from it. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
9
📈Cardano (ADA): Bullish Breakout & Potential Targets💸💎🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65 zone before entering a trade. 🚀The next resistance level for ADA is between $1.1 and $1.2. We can expect the price to at least touch this level, making it our first target. The next resistance level is at $3, which is the coin's all-time high (ATH). This level is likely to hold the price for some time and could be a good area to take profits. 📊On the positive side, volume has been perfectly in line with the trend since October 2023, confirming the uptrend. There is no bearish divergence on the volume indicator. The breakout candle also had high volume, which could be the start of a new uptrend. 🗯The RSI oscillator has recently entered overbought territory, which could lead to increased market volatility. The RSI could rise to a resistance level of 81.99, in which case our first target is likely to be hit. 🛑I recommend placing a stop-loss below the previous low of $0.45. This would give you a slightly tighter risk tolerance compared to the previous recommendation, while still maintaining a reasonable risk-to-reward ratio. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
Cardano weekly chart update👀👍Cardano weekly chart update We have a beautiful bullish break above the important volume POC at 0.45 dear #CardanoCommunity 👀👍 Here are my TP levels based on FIB retracements and please consider the lack of volume on the way up TP1 at FIB 38.2% 🟢 0.60 TP2 at FIB 50.0% 🟢 0.825 TP3 = $1 mark⚪️ TP4 at FIB Golden Pocket 🟢 1.20 Of course a bearish scenario always has to be considered - visit 0.23 again after a fakeout Less likely IMO😎 Comments💭, Likes♥️ & Follow🔗 appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:ADAUSDLong
by Crypto4Everybody
ADAUSD: Changing my EW count. Slightly more bullishThe price action between June and October last year as minor wave 1 and 2 bugged me a lot. The move between June 8 and July 14 looks like an obvious 3 waves. I tried to make it fit with 5 waves, but it was a stretch. The current price action is also an obvious impulse move. The leading diagonal idea is not valid any longer since the current price action moved up too high and in 5 waves. So, I had to go back and start to decompose the previous correction. If we go back to April 14, 2023, high and make that wave X correction high, then things fall into place with a much more prevalent triangle from April 14th to October 19th. So, the start of impulse is on October 19th, rather than on June 10th. In this count we can also assume minor degree waves 1 and 2 are also complete and the very powerful wave 3 of 3 of 3 should be under way. If this holds true, then my previous idea for loading up at $0.45 will not happen any longer. There should be a slight correction, but it cannot break $0.448. This will also mean price should go at the previous all time high in the next 3 to 6 months before any meaningful correction. In grand scheme of things, price will put in some kind of a cup and handle pattern in the macro timeframe. I was bullish before, but this count make me more bullish and with slightly higher targets. As long as price does not break below $0.448 between now and the end of this new 5 wave sequence, things are good to run wild!
BINANCE:ADAUSDLong
by mukit1
ADA/USDT Could ADA back to continue Upward or Go for downward ??💎 ADA's recent market performance is making waves, evidenced by a robust bullish candle on the daily close. This pattern suggests a potential resurgence in its upward trajectory, aiming for a significant resistance target. Investors and traders are closely watching this development, as a sustained upward movement could signal a strong bullish phase for ADA. 💎 However, if ADA stumbles in its ascent and fails to maintain its upward momentum, a shift in market dynamics could be imminent. Such a scenario probability would likely lead ADA to revisit and retest its support levels, a critical juncture for the asset. 💎 The support zone thus becomes a key area of focus. ADA needs to demonstrate resilience by bouncing back from this level to keep the bullish trend alive. A strong recovery from the support area would reinforce investor confidence and could reignite upward momentum. 💎 Conversely, if ADA is unable to hold above this support level and breaks down, it may trigger a slide towards lower support regions. This could lead to a more pronounced bearish trend, pushing ADA towards the next significant demand area. Therefore, the response of ADA at this support level is crucial and could dictate its short to medium-term market trajectory.
by MyCryptoParadise_Nathan
1
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide. February's Fantastic Performance: Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory. Surpassing Expectations: Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone. Challenges and Opportunities: However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA. Looking Ahead: As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance. Why It Matters: Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years. In Conclusion: Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
Long
by DEXWireNews
ADAUSD: Game on!!!ADA has made an unexpected move upward that has confirmed the next bull market. In my last analysis, I was keeping a leading diagonal count as the primary count. That also meant some serious corrections before the move up. However, ADA is making some great strides and the coin price is responding accordingly. If the June to July 2023 price action can be fit in a 5 wave structure, the rest fits in a very nice looking impulse. With this weeks price action, we have a full 5 waves structure on minor degree. It is extremely constructive price action for ADA and pretty much confirms a new ATH within the next 12 to 18 months. The pattern since June 2023 is looking like a raising wedge and most likely there will be a correction soon. But, there could be another 20-30% move before that happens. Depending on when the correction starts some re-entry targets can be set. I will be buying anytime price goes below $0.45. Once the current bullish sequence is complete, I will mark that as the intermediate degree wave 1 of primary degree wave 3. The next correction would be intermediate degree wave 2 which can last up to 6 months or about half the time taken for wave 1 (which has been almost one year). This will be last buying opportunity for ADA at the cheap in my opinion, because wave 3 of 3 will begin and we should see the most insane rise for ADA in its history. For now, i am prepared to hang tight and not worry until $0.22 is broken. That is the most critical level to watch.
BINANCE:ADAUSDLong
by mukit1