Bullish on ADA/BTC near termCardano’s ADA showed strong performance this year, beating the 2018 all-time high of $1.2 and surginng even higher.
Yet in BTC terms it was slightly less impressive. In March ADA even lost 20% in BTC terms.
We’ve asked Hybrid Intelligence the following question about ADA’s near-term prospects:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002086 BTC at 09:06 AM UTC at the binance exchange on Friday, April 9. In your opinion, will ADA/BTC trade above 0.00002312 BTC (+10.84%) at any time before April 20?”
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Assurance: 88%
That's clearly a bullish indicator. The target is also within the range that was observed in March. So if the forecast is correct, that would not necessarily be a trend reversal but could simply be a continuation of the sideways trend.
ADABTC
ADABTC Highly CorrelatedSo far ADABTC chart looks a lot like the Bitcoin chart sharing the same dips and explosive growth region. I would suggest that we are not over in this bitcoin bull run and might still see another 10x in the price of bitcoin. An investment in ADABTC would expose you to the increase in the price of bitcoin. It would also increase your store of bitcoin. If it matches the growth of bitcoin for ada then you could see a 10X increase in your supply of bitcoin. When this is combined together we could see a 100X increase by the time of market top.
AADA/BTC is clearly highly correlated with the bitcoin bull runWhen you look at a chart of the yearly increase in bitcoin so far in 2021 and the chart for ada the two are starkly similar. The periods of extreme growth in Feb, March and April and the periods of pull back are very similar.
ADA in addition however is increasing in value related to bitcoin. My trading idea here is that an investment in the alt coin ada all expose you to 1) the increase in price in bitcoin and 2) increase in the amount of bitcoin you own. Potentially I can see another 10X in this market to market top. This would mean and investment here would compound to a 100X return. Who can say no to that?
The set of this is if we see this ticker increase significantly in the next bitcoin explosive move upwards which should be due in April / May 2021.
ADA to break out .... eventuallyADA will eventually break out of the current triangle it find itself in, but there will be one or two downs along the way
AMCD is looking very flat and so is the RSI
Because volume is rather low, this indicates that traders are waiting for a stronger buy signal and are expecting the price to dip a little further, (Holders keep on holding and buyer want to buy lower).
Looking at the fib we are stuck around the 0.618 level, once we break above it we should climb to 0.382 ... and back down again before breaking out for good.
I would probably buy at 0.00002069 and sell around 0.00002450
If you feel adventurous, you could buy at 0.00002069, sell at 0.00002200 and buy again at 0.00002100
Given that the price if BTC will go up and down in that time, it is not an unrealistic scenario.
ADA - Buy Cardano before next huge pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
ADA - Buy Cardano before next huge pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
ADA - Buy Cardano before next pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success
Cardano is a Scam. Charles, come at me. $ADA #ADA #EthiopiaCardano is a scam— I strongly believe that ADA is the XRP of this bull market as it relates to cryptocurrency. Globally, they don’t pass the Howie Test. In Ethiopia, they fail to meet or submit the proper documents for purposes of the Public Procurement Agency— yet still tout their MOU signed in 2018 as an empty victory. I’m tired of hearing about vapor ware, and will not allow Charles Hoskinson and his Associate John OConnor to get away with it in Ethiopia. Over several weekends, I have been hosting rooms of roughly 100 participants in a “Blockchain Ethiopia” room on Clubhouse. I will be escalating the case further as it relates to Twitter and additional social media platforms in addition to authorities and officials in Addis Ababa. Also, for some fantastic reason, every time I open my month on Saturday, the price seems to drop 1 to 3%. It’s an hour long conversation so the minute by minute chart is pretty spot on. 15 minute intervals also works to undercover the trend.
CARDANO: RANGE AREA OPPORTUNITY IN BULLISH TREND !!! 🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : Range TRADING on BULLISH channel
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ADAUSDT | Cardano Is Ready For Big Move!Hello, dear subscribers!
ADAUSDT ANALYSIS
Current price action for Cardano is very interesting now. We can see the upward trendline and also the price range between $1.01 and $1.45. There are 2 potential scenarios.
1.Green. The price will bounce off the trendline again to the range upper band. In this case the $1.14 acts as a support level for the potential dip buying.
2.Red. The range's lower band can also be reached. Thus, $1.01 is a nice level for the safety buy order setup.
ADABTC ANALYSIS
These two charts are related to each other we can see almost the same situation for ADABTC. If the trendline is going to be supported the green scenario for both markets can play out. The price of ADABTC drop to the support line can occur in conjunction with red scenario for ADAUSDT
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
CARDANO BOPPERS Volume cycle complete from $0.10 prices. No signal, I personally think this wave is consolidation enough to never see $1 again. To find price targets, we can use ratio's to ETH's market cap , because Cardano is definitely generations ahead in technology. ;)
ADA 38.7B - ETH 237B
At 16% the size today, $6 ADA would match todays ETH valuation.
100B will mean a roughly $3 ADA, I don't think that's far off.
Comment your thoughts or tell me about your alt-bag. Follow me for my other bets, VeChain/ Vet Bet.
Side note, love this fib.