ADA trade ideas
ADAAfter a slowdown with the rest of Crypto, the ADA seems to be recovering in the remaining day. We can also see a support formed at 1.5 so we were hoping for a bigger recovery. Long prediction for ADA for the rest of the day.
ADA CryptoADA is currently pulling back to the 38, 50 or 61.8 on the Fibonacci. ADA will have to hold and bounce off key structural support in order to continue a bullish trend and set new highs. If market fails to hold and breaks key support, expect ADA to continue to drop until new higher highs and higher lows are formed. Happy Trading everyone.
ADAUSDT, Parabolic Curve, DailyADA turns previous market cycle high into support, breaks the bull market barrier.
Probable good opportunity of Long in CardanoCardano has a lot of FOMO caused by their new stage for March. Actually has in their support of bull trend.
Why are you bullish on Cardano (ADA) ?Genuine question with the aim of getting points from ADA holders that believe in in the tech™.
I am surprised it was able to outperform major coins by market cap YTD. Can anyone speak to their experience of working on/using Cardano? Testnet, mainnet, or anything else.
Some news I've found:
"The first major difference following the upgrade is that there will be “no execution fees,” which are usually charged to a user when interacting with a token smart contract on the Ethereum blockchain, known as gas fees. "
Source
"Once smart contract functionality is brought to Cardano’s mainnet, the platform will be able to host a variety of dApps including decentralized finance (DeFi) protocols, a sector that has been one of the main driving forces in the growth of the cryptocurrency sector over the past year. "
Source
Long term outlook ADA market cap Following the current cycle, it is assumed we are at the start of a 2-3 year long bull run. Given the trendline drawn it can be assumed that ADA will reach a market cap of 5.9bn (ATH) by Jan 2021 and 10.3bn (ATH) by Jan 2022. Increase in marketcap does not directly suggest increase in price. Depending on the rate of increase and volume of trading price/coin may vary significantly. If the intention is to hold in the current position, then the best scenario would be a sudden surge in marketcap with low volume trading and following the upper channel trend line. A slow gradual increase in market capital is detrimental for price increase.
Im not a professional, just another keyboard warrior whom has watched one too many technical analysis videos on YouTube.
Cardano - Just Getting StartedCardano is not even above its 2019 high but it doesn't matter. Whales and capital are going to push this thing up.
2017 is no longer relevant. It was ICO mania. We are heading into another cycle of bull market. Most people will get into crypto again at the peak of next bubble. Typical human beings. This is free market. This is Capitalism. Nobody is putting a gun telling you you can't invest or buy this or that, but some people prefer to keep blaming others and rich people for their miserable life. Then, they deserve to be poor forever.
Please don't reach out to me. I don't read messages and comments.
Cardano's Market Cap target at 13 billion to Jan 2021Cardano's target to hit at least 13 billion is not out of the realm of possibilities consediring the Bull Run that is coming over the hill, the masses are waiting for Bitcoin to make a big move and kick off the next bull run, when Bitcoin reaches 100k per coin cardano will more than double its previous all time high, My prediction is a all time high of 5$ ADA.
ADA hidden signal??ADA/BTC is looking a little questionable, but lets focus on the overall ADA market cap for a sec. Does this look like a bullish pattern?...Good luck everyone.
