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Cardano

✴️ Cardano Next Target Mapped Series ($0.59 Next)The introduction has been given in the Solana trade idea. This is a new series called "Next Target Mapped" where I will share the potential target for this new up-leg that is developing now. We called the bullish breakout. ✔️ We called the end of the correction. ✔️ We are now calling the next target. ✔️ Please make sure to read all the trade ideas I published and this way you can get the whole/bigger picture. Cardano broke the local downtrend and is now aiming at $0.5900. Can be a bit lower or much higher... That's the next target based on one the systems I use which is not described here. This analysis remains valid as long as Cardano (ADAUSDT) trades above its late December 2022 low. Namaste.
Long
by AlanSantana
1
The hilarious tale of CardanoKnock, knock! Who's there? Cardano. Cardano who? Cardano, the financial asset that's creating an inverted head and shoulders pattern. It's currently struggling to break 42 cents, but if it does, it could quickly approach 60 cents! Wow, that's impressive. But why is it called Cardano? Well, apparently the creator of the cryptocurrency was a big fan of the Italian mathematician Gerolamo Cardano. And just like Cardano's mathematical formulas, this asset's price movements are pretty complex too! Haha, sounds like a real brain-teaser. You got that right. But here's the thing - if Cardano can break 42 cents, it'll be smooth sailing all the way to 60 cents. And that just happens to be where a previous area of resistance was back in August of 2022. So, Cardano is not just a financial asset, it's also a history buff? You could say that. But hey, who cares about the past when you've got such a bright future ahead? Once Cardano hits 60 cents, it'll be party time for everyone who invested in it. Well, count me in! I'm ready to ride this Cardano train all the way to the bank. Just don't forget to sell when it's time to cash out. Otherwise, you might end up with a bunch of worthless digital coins and a broken heart. Note: It's best to wait for the 42 cent area to break before getting heavily involved. A nice bounce here, but we're not out of the woods yet.
Long
by bitdoctor
WHATS NEXT FOR CARDANO?Hello traders! Today we are going to take a look at ADA's movement these past few days. As i mentioned in my last post: It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050. On the 4 hour and also the 1 hour time frame we can see that ADA has made a solid descending channel and is aiming downwards towards the last demand zone at the 0,30-0,3050 and potentially heading towards a more and more likely target at 0,27. If the last demand zone is met we can then begin fill our long positions with a potential 30-40% upside (longterm). All take profits is specified. On the smaller timeframes like the 15-5min i would start to look at a short position towards the last demand zone (swingtrade). Don't forget to fill up your long positions, this is a huge discount. Enjoyed the analysis? Like! Want to see more? Follow! Let me know what you guys think! Let me know in the comments! -The Stallion REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
Long
by TheStallion_
Cardano Shows Bullish Signs on 4-Hour ChartCardano is currently trading at $0.3290, and the 4-hour chart indicates that it's in a bullish trend. The Relative Strength Index (RSI) is hovering above 50, suggesting that buyers are currently controlling the market. Moreover, the Fibonacci levels on the 4-hour chart show strong support at 0.3228 and 0.3102, indicating that buyers are willing to step in and purchase Cardano at these levels. The upper Bollinger band is currently at 0.3379, the lower Bollinger band is at 0.2904, and the middle Bollinger band is at 0.3141. The current price is trading near the upper range, which suggests some resistance may be at this level. However, this doesn't necessarily mean that the price will experience a significant pullback anytime soon. Moving onto the volume oscillator, it's currently at -4.68%, which indicates that the volume is lower than average. This may suggest that traders must show more interest in Cardano, which could result in a lack of momentum. However, this can change at any moment if there's an increase in volume. The Moving Average Convergence Divergence (MACD) is currently at 0.0031, a bullish signal. Furthermore, the stochastic oscillator is 66.58, which is neither overbought nor oversold. This indicates that there's still room for the price to increase, and buyers can continue to push the price higher. Lastly, the 4-hour Exponential Moving Average (EMA) 50 is at 0.3232, which is currently above the current price. This indicates that the short-term trend is bullish, and buyers will likely continue pushing the price higher soon. Overall, Cardano is in a good spot right now. The bullish trend, strong support levels, and positive MACD signal suggest that the price could continue to increase in the short term. However, traders should still be cautious and closely monitor the upper Bollinger band and volume oscillator to identify any potential resistance and changes in market interest.
by MonoCoinSignal
4
Cardano (ADA): short reversal?ADA was losing strength for the last three weeks. Events during the previous week around Silvergate Bank, Silicon Valley Bank and FED Chair Powell testimony, only pushed the market to move price to the downside at a higher pace. ADA`s price reached a minimum weekly level at $0.30, which is a support line for this coin. Around this level the coin is also finishing the week. During the time of general sell-off, the RSI indicator moved to the downside, reaching level of 30. This is an indication of a clear oversold side of the market, from where, short reversal might be expected. Moving averages of 50 and 200 days are moving a bit strangely during the last two weeks. Namely, they are moving together as one line, still not providing a clear view, whether a cross actually occurred or not. Charts are pointing that ADA is currently at sort of a cross-road. Namely, the support line at $0.30 is currently tested, but in case that this level is breached further to the downside, then the next target of ADA will be a $0.26 level from the end of December last year. This might occur only in case of further negative news on the market. Otherwise, RSI is pointing on potential for a short reversal, in which sense, ADA might revert to $0.34-$0.35 levels.
COINBASE:ADAUSD
by XBTFX
1
AGIX Bullish/bearish possible outcome!Hello everyone! AI is speculated to be the narrative for this upcoming alt season and so far AGIX has been leading the AI market by a whooping 1890.55% since July. That's life changing money in less than 1 year. We touched the previous ATH in 2021 and bounced down confirming cup. For a cup and handle to occur the price has to bounce of the resistance from the previous all time high(cup formation) and correct a 50% (handle). As of now we have perfectly corrected 50% so AGIX could still go either way hence the reason this is not a long nor a short analysis. Fundamentally AGIX is a very strong coin and it could still be early for it so I would'nt be surprised if it ever reaches the upper target. Bearish scenario: We can go as low as the golden pocket area below (yellow box) at 0.20-0.23 Bullish scenario: Would take place if price hold above 0.34 The bullish scenario is bound to happen.
A
by CryptoGao1
✴️ Cardano Gamble... Correction Or New Leg UP?I've been calling for the end of the current correction on multiple charts, SHIBUSDT, BNBUSDT, XRPUSDT, BTCUSD... This is not a guess... If you read the articles, they will be shared in the 'Related Ideas' below, you can notice that all the levels have been mapped. The support levels for invalidation and the resistance levels for bullish confirmation. I also mention "early signals"... You decide! Cardano (ADAUSDT) hasn't shown reversal signals as we just saw with XRPUSDT and SHIBUSDT but we know the market moves together, we know everything is connected. For example, all the Cryptocurrencies grew from January to February. And all the Cryptocurrencies dropped from February to March, the majority because while the big ones dropped some of the smaller ones played catch up. Cardano is bouncing now before hitting the 0.618 Fib. retracement level. This can mean that there is still more correction left or that this pair is strong enough that it doesn't need to go lower. Regardless if it happens now or then, we are bullish short, mid and long-term. Patience is key I continue to repeat. Patience is all I say. For those wise enough to buy and hold... The market has presents and huge rewards, in the coming days. We were already rewarded bigly for trusting in the last two months. We will be rewarded again because Cryptocurrency is set to grow. Namaste.
Long
by AlanSantana
3
✳️ ADABTC 10X Lev. (488% Potential)This is the same setup that we have been waiting for since 5-February. Multiple attempts failed but it seems the waiting is over... Leveraged trading is high risk and for experts only. If you don't know how to do it, please do your own research. We have a potential of 480%+ with 10X lev. on this pair. Liquidation can happen if prices drop. We had several failed attempts on this one while the ETHBTC remained valid but XRPBTC also failed. If you trade leverage you know how to approach this set up. - Use lower leverage and can hold for longer. - Add more collateral since the setup is valid/good. Once it take off, your are rewarded a hundredfold. Patience is key. Experience is mandatory. Trade at your own risk. Namaste.
ALong
by AlanSantana
2
Cardano (ADA): on the oversold coursePrevious week was not the positive one on the crypto market, considering all the negative news regarding the Silvergate bank. Investors are clearly on a hold, which is confirmed through significantly decreased daily trading volumes. ADA still holds its fragility, in which sense, the coin lost more than 7% of its value during the previous week. Although the coin started the previous week around $0,36 level, during the week the market was oriented toward the downside, and selling orders pushed the price to the level of $0,33. Although the lowest weekly level was $0,32, this line was reached on only one occasion, but it generally reveals the market sentiment about ADA at this moment. RSI was further pushed to the downside, reaching level of 36 as of the end of the week. The market is clearly looking at the clear oversold side. Interesting development occurred with MA50 and MA200 lines, where they are currently crossed, but it is too early to say whether it is a real golden cross or there is still not going to be one. ADA will continue to follow general market sentiment and wait for investors to return on the market in the coming period. In this sense, some significant moves should not be expected in the week ahead. There is potential for the price to move further to the downside, at least to the level of $0,32 which was tested on only one occasion during the previous week. Whether the price might go below this level is unclear from the current chart. On the opposite side, the resistance line at $0,35 might be tested again, but without a potential to be crossed to the upside.
COINBASE:ADAUSD
by XBTFX
#ADAUSD - Breakout or Fakeout? We Predict Drops..#CARDANO has shown a small burst of excitement in the last few days with this little break of trend as illustrated, breakout or fakeout is the question? After a historic 12 months of mammoth gains followed by a steady decline we can see the price heading back into an area of previous consolidation before the next big move occurs. _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
KRAKEN:ADAUSDShort
by theCrypster
2
ADAUSDT - What is up with Mr Hopkins Child?ADAUSDT Things are looking good here. Just launched the stablecoin Djed... the hype is still not over. The first week of February is a very exciting week with lots of legislative meetings in the US. On the other hand, The price action of ADA is forming an inverted head and shoulder or possibly an ADAM and EVE pattern. But, with BTC looking to correct on Daily, I am leaning toward an inverted H&S pattern. Based on my bias I am placing two trades (A small short and a big long). My trades are shown in the chart. Let us see what happens. good luck to all of us choosing these trades. #Not_A_Financial_Advice
Long
by crypto_gambler_
1
ADA/BTC Cardano is too weak stay above this historical trendlineToday, I analyze the BINANCE:ADABTC Weekly chart, Logarithmic scale. Observe where price is sitting at the time of writing. It is sitting at the crossing of two trendlines and the 0.5 Fibonacci line. This conjunction may serve as a good support for price, meaning that price would not go below 1500 Satoshi ever again. However, that's the extent of bullish factors that I could find on this chart. Let me detail my Bearish factors: 1. The volume across the entire timeline of ADA is almost non-existent when price is above the the 0.5 Fib line. Consider the 0.5 Fib line as a separator between two zones of price action. Any price action above it I call high , and below it, low . Price has traded high for a total of 33 months. It has also traded low for the same number of months. So the trade time between high and low is almost equal. However, the volume is enormously skewed towards the low price action. You can see that on the volume profile appearing on the right side of the chart. Low-price action has 5 times the trading volume of low-price action. Bear in mind that the price axis is logarithmic, so our 0.5 Fib line sitting at 1523 Satoshi does not stand exactly at the middle price between All-time high (8788 Satoshi) and all-time low (266 Satoshi). So I can easily say that 80% of trading volume has occurred in the lowest 20% of prices, and the highest 80% of prices have only seen 20% of the trading volume. Therefore, the high prices carry no significance. Trendlines mean almost much less above the 0.5 Fib line. Using that reasoning, I predict that the two lines crossing below the current price will not stand as support and that price will break below them. 2. The more touches in a bear market to a trendline, the more probable it will break on the next touch. This principle is also validated by descending triangles. I can't see an exact descending triangle pattern here, but price has been in a bearish trend for 6 months now drawing lower highs and lower lows. But what about Fundamentals? People get easily excited about news bites such as "Solidity is coming to Cardano", "Haskell can now run on browsers", "Cardano's Formal Verification can catch devastating flaws that cost Millions". The reality is the world is not that black and white. Most investors have absolutely no idea what any of these news lines mean. What really matters is the psychology of the market, i.e., how the market feels about these news, thus Technical Analysis! On top of that, as a Haskell programmer and a Formal Verification specialist myself, I know full well the scalability challenges that come with such "positive" news. Ultimately, what drives price up is hype and survival instinct, not fundamentals. You can ride that wave up if you want, but when reality hits and the network clogs, some hack steals millions, or the hype withers away leaving Cardano once again a hulk in crypto space; it may be too late to implement your exit plan. So, what next? I anticipate price to revisit the lower rising trendline and stay in that zone to allow for redistribution/accumulation. In that phase, moving averages and oscillators like RSI will catch up. From there, we can revisit the Cardano chart to judge if it's ready for another boom. Keep an eye on this chart. Access it here .
by TechNerdOmar
Cardano ADA. No desire to buy, but there is a chance for growthFor more than a year, the ADAUSDT price has been falling, without any hints of a possible rebound. The ADA price fell to the liquidity zone, below which buyers did not allow to adjust during the rapid growth in 2020-2021. In general, we believe that 2023 will be the starting point in changing the trend to grow. We described it in more detail here: So, we can assume that the Cardano token price may grow at least a little in its value. The first resistance from above and the first target for growth is $0.40-0.42 The second target for growth is around $0.80 . It can be reached by the end of spring 2023. But of course, there is always someone who can put a fly in the ointment and spoil the whole "pleasure" If the sellers manage to fix the ADAUSD price below $0.23 , then few people will be able to prevent the price of ADA from falling by half again, to the region of $0.12 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
Analyzing ADA: Oversold with Potential for a ReboundHello everyone, let's take a closer look at ADA, one of the popular cryptocurrencies out there! We have some exciting technical indicators to discuss, so let's dive right in. First off, ADA's current price is 0.3544, and we're examining it in a 4-hour timeframe. The Relative Strength Index (RSI) for ADA is 36, which means that it's getting close to being oversold. This might suggest that ADA is currently undervalued and that there could be a buying opportunity on the horizon. Now, let's talk about Fibonacci retracement levels. These levels are great for identifying potential areas of support and resistance. The 0 Fibonacci level for ADA is 0.3512, while the 1 Fibonacci level is at 0.4184. This means that if ADA continues to trend downwards, it might find support at the 0 Fibonacci level, while if it moves upwards, it might encounter resistance at the 1 Fibonacci level. The next technical indicator we have to discuss is Bollinger Bands. These are excellent ways to determine potential areas of support and resistance. On the 4-hour timeframe, the upper Bollinger band for ADA is 0.3703, while the lower Bollinger band is 0.3626. Currently, ADA is trading close to its lower Bollinger band, which might suggest that the asset is oversold. This could indicate a potential buying opportunity for traders. The Volume Oscillator for ADA is currently at -13%, which means that the current trading volume is lower than the average volume over the past few periods. This might suggest that there's not much interest in ADA at its current price point. Moving on to the Moving Average Convergence Divergence (MACD). This is a momentum indicator that helps us determine the trend of an asset. Currently, the MACD for ADA is bearish, sitting at -0.0045. This could mean that ADA may continue to trend downward in the near future. Finally, we have the Stochastic Oscillator. This is another momentum indicator that helps us determine potential buying and selling opportunities. In the case of ADA, the Stochastic Oscillator is at 13, which is a relatively low reading. This might suggest that ADA is oversold and could potentially see a bounce in price soon. It appears that the price of ADA is bearish in the short term. The MACD reading for ADA is currently negative, indicating bearish momentum. Additionally, the Stochastic Oscillator reading is relatively low, suggesting that ADA is oversold and potentially due for a rebound. However, these indicators alone cannot predict with certainty the future direction of the price of ADA. Overall, based on these technical indicators, ADA appears to be oversold and potentially undervalued at its current price point. Traders looking for a buying opportunity might consider entering the market if ADA continues to trend downwards towards its 0 Fibonacci level. However, it's important to always do your own research before making any trading decisions. Remember, trading always involves risk, and it's crucial to manage your risk appropriately. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
16