Adausdtlong
ADA at heavy resistance areaADA is now at the heavy resistance area and also at the downtrend line. This is no trade zone for ADA, wait for a clear breakout and retest or for rejection. The support, for now, is around $1.7-$1.2 area and the heavy demand zone is near $1. This is not a good time to enter in ADA.
200% ready for ADA ... $4 ADA straightway after correction 🚀
Till now $1 is seems to be holding well for ADA after testing it many times.
Most likely we gonna see a pullback from a double top resistance.
Look at the channel on the chart, u will get that we r in a bullish uptrend.
An estimated pullback from $2.40 to $1.40 between within June. ( about 45% down)
On short-term n Mid-term we r bullish.
If we moved as expected on the chart, it will good indicator to make lower lows after the pullback
After we gonna break $2.40 resistance we will see $4 straightway.
I think we gonna break the $2.40 resistance after the third trial.
If u r holding now don't sell n wait to add more at $1.40 region.
DONT LEVERAGE N USE A PROPER RISK MANAGEMENT STRATEGY !!
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LONGHi guys
This is just a financial offer
Futures🪐
#ADA
#ADA/USDT
Long🌟
Enter : 1.80$/1.83$
Target : 1.85$
Target : 1.90$
Target : 1.93$
Target : 2$
Target : 2.4$
Target : 2.17$
Stop loss : 1.78
Low stabilization: 1.65
3% Capital
Leverage : 3x/5x
⚠️Risk Level : 9/10
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ADA on the brink of explosive move to $2.4Cardano has been nurturing an uptrend since the initial downswing to $1 in May. The first recovery attempt almost brushed shoulders with $2, but another correction ensued almost immediately. The cat and mouse game continued between the bears and the bulls, with the resistance at $1.8 capping movement. On the downside, bulls have kept growing more assertive, explaining the higher low pattern on the four-hour chart.
Cardano draws nigh to an ascending triangle breakout
The upcoming smart contract token has kept investors’ interest on the roof, particularly with all the developments on the network. Note that the horizontal resistance at $1.8 formed the ascending triangle’s x-axis. Similarly, the higher lows formed the hypotenuse, implying that bulls are gaining traction.
An ascending triangle is a highly bullish pattern in technical analysis. Eventually, a breakout occurs before the trend lines converge. Low volumes characterize the period of consolidation within the triangle. However, a surge in trading volume marks the breakout, as bulls take advantage of the expected upswing toward $2.4.
Cardano’s uptrend has been affirmed by short-term bullish signals from the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The former recently returned to the positive region while the MACD line maintains the divergence above the signal line.
Subsequently, the RSI almost hits the overbought region, hinting at an intense bullish grip. Therefore, a break above $1.8 (triangle’s x-axis) may catapult Cardano toward the target of $2.4.
Cardano intraday levels
Spot rate: $1.75
Trend: Bullish
Volatility: High
Support: $1.6, $1.3 and $1.3
Resistance: $1.8 and $2.2
ADAUSDT (CARDANO)Cardano on a daily frame is stuck between 2 levels and until it is stuck in between these 2 levels it is hard to take a trade but if it manages to break the top level and then on retest of that level , would be a good place to take a long trade. Everything is marked on the chart. Good Luck!!
Cardano price holds steady ahead of smart contracts rolloutCardano immediately swung into recovery following the massive dip to $1. The upswing was sharp and consistent but hit a barrier at $1.8, which curtailed the planned strike past $2. ADA had traded all-time high highs around $2.5 in mid-May.
In the meantime, the upcoming smart contract token is trading at $1.66. Marginally beneath the prevailing market value, ADA holds onto crucial confluence support at $1.6 created by the 50 Simple Moving Average (SMA) and the 200 SMA on the four-hour chart.
Keeping this anchor zone protected is critical for sustaining the uptrend; otherwise, if lost, massive declines would come into the picture, forcing Cardano to explore the rabbit hole back to $1.
Cardano's journey to smart contract capability nears the end
Input Output Global (IOG), Cardano's developer, has announced the final steps that would lead to the beginning of smart contract support on the platform. A hard fork combinatory event referred to as "Alonzo" will be used to implement the features starting in June and leading to full deployment in September 2021.
In addition to the typical smart contracts that require technical knowledge, IOG plans to introduce an app that nearly anyone with an interest in blockchain can use.
What next for ADA as the price stabilizes?
Cardano is teetering between two key levels; the confluence support at $1.6 and the resistance at $1.8, as highlighted by the 100 SMA. The technical outlook in the four-hour timeframe hints at the trend flipping bearish in the near term.
For instance, the Moving Average Convergence Divergence (MACD) has hit a snag in the positive region and appears to be retreating toward the mean line. If the MACD line crosses under the signal line, a sell signal will be triggered. The downtrend has been reinforced by the Relative Strength Index (RSI) correction toward the mean line.
However, the support at $1.5 can hold and may see the resumption of the uptrend. If the breakout above $1.8. Trading past this hurdle may trigger massive buy orders as bulls speculate the rise back to $2.5.
Cardano intraday levels
Spot rate: $1.63
Trend: Short-term bearish bias
Volatility: Low
Support: 1.6 and $1.4
Resistance: 1.8 and $2
Cardano is on track to complete elliot wave cycle to $3+Big pump before BTC crash - ADA holders are unfazed. Technology is finally catching up to the $1 hype from 2017. It was funny seeing crypto twitter buy the dip all the way down to $.05 during crypto winter, but the strong hands prevailed and was handsomely rewarded. I expect NVDA stock split stock to save ETH and carry BTC back to $50k (BTC is currently at $38k). Elon and friends had a fun time stop loss hunting and grabbing cheap coins. Energy consumption attack on BTC was a nice way to pump ADA to create higher support before they dumped the BTC. We should see overall crypto market higher next month as May BTC future contracts come to an end this week. final target of full elliot wave cycle on ADA with BTC at $50k should take ADA to $3+. Let's take profits after NVDA splits in July.
+630% on 45 mins !!! that's why ADA will reach 10$ 🚀🚀ADA REACHED 23 CENTS !!
19 MAY the price was +2$ n went to 23 cents on the same day !!
I'm pretty sure this the most coin whales agreed to short it.
what we can observe from that:-
1- huge whales shorted from 2$ then closed their short positions n finally they bought tons of ADA.
2- ADA made +630% in minutes cuz they bought a lot.
3- spikes went up after going down cuz they bought first to close their shorting positions.
what we can conclude from that:-
1- this is extraordinary cuz that didn't happen even with BTC.
2- when ADA go up from 23 cents then 1.80 again in minutes this mean that whales believe in Cardano n they loaded thousands of bags.
3- a bullish term indicator for the whole market, they know that Cardano wont go less than 1$ again.
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Cardano price pace sets recovery for altcoinsCardano plunged from highs around $2.4 amid the broad-based cryptocurrency declines. The losses extended below $2 before the bulls regained balanced at $1.4. Like Bitcoin, ADA immediately started a reflex recovery where the gap to $2 was almost closed on Thursday.
Despite leading altcoins in recovery, Cardano stalled under $2 and, more specifically, at the 50 Simple Moving Average (SMA) on the four-hour chart. A correction ensued, allowing bears to come into play.
At the time of writing, ADA is doddering at $1.75 after losing the key support at $1.8, provided by the 50 SMA. Higher support is needed for the bulls to concentrate on recovery fully. However, all is not lost because short-term technical levels appear steady.
Cardano rejected at the 50 SMA, but bulls focus on $2.4
The Moving Average Convergence Divergence (MACD) on the four-hour chart has a bullish impulse. For instance, the MACD line (blue) has crossed above the signal line, insinuating that it was time to buy into Cardano.
Note that the MACD is a chart overlay indicator tracking the trend of an asset and measuring its momentum. Although it does not suggest whether an asset is overbought or oversold, the MACD helps identify positions to buy the dip or sell the bottom.
A confirmed break above the 50 SMA will assist in guaranteeing the journey above $2 and toward the all-time high at $2.4.
However, the Relative Strength Index (RSI) has a bearish outlook, hinting at a more extended correction. As the RSI drops under the midline, overhead pressure rises; thus, jeopardizing support levels at $1.6 and $1.4.
Cardano intraday levels
Spot rate: $1.75
Trend: Bearish
Volatility: Low
Support: $1.6 and $1.4
Resistance: $1.8 and $2