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Cardanoanalysis

Possible 50% return on ADA CardanoWe see ADA testing the median line of the Inside Pitchfork, but nicely rejecting the downtrend. If ADA can hold above the trend line it may shoot for the median line of the Original Pitchfork for a 50% roi. Possible targets to take profits are around: - 0.063 at the 1:1 extension based of the proposed wave 1 - 0.066 around de negative 0.618 fib level - 0.075 around the 0.382 of the impulse started dec. 2018 - 0.081 around the median line of an original pitchfork and a 1.618 extension
Long
by Fomonacci
Cardano Technical Analysis:Daily Timeframe Chart PatternsConclusion for today’s Cardano analysis: Price closing above ~0.00000520 is bullish for Cardano (ADABTC). A log scale on the Daily timeframe is used to present today’s Cardano analysis. Data from April 04, 2019 to current date indicates a dominant downtrend, part of which was a falling wedge (diagonal). The wedge lasted over 4 months before price broke out to the upside on August 22, 2019, and therefore confirming the bullish implication of the chart pattern. Cardano price has moved in a sideways fashion ever since breakout occurred outside the wedge. The ranging price action has lasted over 2 months and is described in this analysis as a rectangle bottom chart pattern. The implication of the aforementioned pattern is ideally bullish and suggests that prices will eventually resolve to the upside. The top and bottom of the range is marked on the chart as 0.00000520 and 0.00000388 respectively. Price closing below 0.00000388 decreases the chance of higher Cardano prices and rather suggests more selling. The 200 Day moving average of Cardano is also plotted on the chart to help monitor price level of possible resistance upon breakout to the upside. Prices eventually moving above the moving average would argue for further improvement in bullish momentum.
Long
by Coin_Analyst
Cardano (ADA) -ADAUSD- Technical Analysis - 450% Profit ExpectedCardano (ADA) - ADAUSD - Technical Analysis - 450% Profit Expected Very Nice Trading Coming Ahead. Based on AB=CD pattern, Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 0.038-0.12 (58%-450% Profit Expected) TP - 1 - 0.038 TP - 2 - 0.046 TP - 3 - 0.059 TP - 4 - 0.069 TP - 5 - 0.086 TP - 6 - 0.097 TP - 7 - 0.12 Buying Zone! Long Position Early Entry Trigger Point - 0.024 - 0.03 Ideal Entry Trigger Point - 0.018 - 0.023 Adjust your Stop Loss according to your lot size, account equity, strategy & money management. ***If you want to get in this trade from this point 0.0384 you can still make 17.2% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow, If you agree with my analysis :)
BINANCE:ADAUSDLong
by Jaffery
1
Cardano Analysis: Intraday Timeframe Chart Patterns and Bullish Conclusion for today’s Cardano technical analysis: Confirmation of a double bottom implies higher prices in Cardano. Cardano analysis is presented on its 6 hour (intraday) timeframe with a quick look at the current downtrend starting from April 03, 2019 to current date. The dominant chart pattern identified is a falling wedge, which is ideally bullish and suggests a resolution of prices higher upon completion (confirmation) of the pattern. Price did breakout of the wedge on August 21, 2019 and has been followed by sideways price action. The ranging movement in price includes August 10 and September 06, 2019 price lows that helped produce a double bottom chart pattern with confirmation occurring on September 18, 2019. The double bottom (ideally bullish) and falling wedge both argue for a bullish bias in Cardano (ADABTC). Also worthy of note is the slope of the 200 and 50 moving average that have changed from negative to zero. They suggest a possible change in the bearish trend and price currently trading above both is bullish. Added confirmation is provided by the slope of both moving averages turning positive. A break below 0.00000435 decreases the chance of any bullish momentum resuming from the current ranging environment, and rather suggests more downside action.
by Coin_Analyst
ADAUSD formed a bullish Crab | Upto 43% expectedPriceline of ADA / USD has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets. Buy between: 0.039969 to 0.035704 Sell between: 0.043282 to 0.051293 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD a formation of shark | Upto 225% possibilityPriceline of Cardano / US DOLLAR crypto currency is forming a shark pattern. This time I am watching some confliction between indocators and harmonics, coz as per shark pattern the leg can be more longer from 0.886 upto 1.13 Fibonacci so there is little bit more difference but the indicators from the smaller charts are turning bullish but on week chart they are still strong bearish. MACD is still strong bearish. RSI has still some cushion to move in oversold zone However I have posted the shark pattern as all legs are formed exactly required for shark so last leg can be possibly formed accordingly. As per Fibonacci sequence the targets are: Buy between: 0.04315 to 0.02760 Sell between: 0.05788 to 0.08991 Regards, Atif Akbar (moon333)
Long
by moon333
ADAUSD forming bullish Butterfly pattern|A good long opportunityPriceline of ADA / USD is forming a bullish Butterfly pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets. Buy between: 0.048211 to 0.046442 Sell between: 0.049584 to 0.052906 Enjoy your profits and regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
Cardano Technical Analysis: Chart Patterns and Bullish Bias.Conclusion for today’s Cardano Analysis: Price closing above ~0.00000522 confirms a double bottom chart pattern, and therefore implies higher price in Cardano (ADABTC). Cardano analysis for today is provided on a log scale, with focus on price action from April 2019 till date. A falling wedge (ideally bullish) chart pattern is used to highlight the current downtrend that has lasted well over 5 months. Also included to help monitor price action is the 200 and 50 moving average with a bearish crossover (50 below 200) occurring on April 26, 2019. The current downtrend did successfully test a price low of ~0.00000398 on August 9, 2019 and again reached within the vicinity of the previous price low with price terminating at ~0.00000403 on September 6, 2019. The August 9, 2019 and September 6, 2019 price lows are used in this Cardano analysis as the base for a double bottom chart pattern (ideally bullish). A close above the highest peak (~0.00000522) between the price lows confirms the pattern and hence higher prices to be expected in Cardano (ADABTC). Adding to the current bullish bias is price action presently trading above its 50 moving average that is also gaining an upward (positive slope). The point of invalidation (POI) for the bullish analysis above occurs on a close below ~0.00000398 at which point the downtrend would have been re-established.
Long
by Coin_Analyst
ADAUSDT formed another harmonic pattern |A good long opportunityAfter formation of consecutive Shark patterns the priceline of Cardano / TetherUS cryptocurrency has formed another harmonic gartley pattern and entered potential reversal zone. This PRZ area should be used as stop loss point in case of a complete candle stick closes below this area. We have a strong uptrend line support below the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.04502 to 0.04467 Sell between: 0.04529 to 0.04594 Enjoy your profits and regards, Atif Akbar (moon333)
Long
by moon333
2
Cardano Technical Analysis: Intraday Timeframe Bearish PatternConclusion for today’s Cardano analysis: A close above the upper boundary of the wedge that captures ~0.00000599 implies resumption of a bullish price swing. Cardano analysis for day is carried out on an intraday (6 hour timeframe) that shows price action from September of last year till present date. The complex, inverted head and shoulders (or complex head and shoulders bottom) did provide temporary bullish momentum upon confirmation of the chart pattern. This was immediately followed by resumption of the major downtrend in Cardano price since May of 2018 (not shown here), when price closed below ~0.00000830. A falling wedge (ideally bullish) chart pattern is used to provide perspective for the current downtrend in Cardano since April of 2019. It is currently likely for price to continue falling to the 0.00000394 price level before any bullish swing can be sustained. An eventual break above the upper boundary of the wedge (diagonal) can be expected to provide the first sign on of a bottom for price action if confirmation is provided by a momentum indicator e.g. RSI (relative strength index). 0.00000599 price level is marked on the chart as it is the level that was reached by the bullish spike in price on August 05, 2019. Therefore, price successfully closing above the previous failed bullish attempt at 0.00000599 and also upper boundary of the diagonal increases the chances of a sustained bullish trend in Cardano.
by Coin_Analyst
Cardano Technical Analysis: Bullish Move on the HorizonConclusion for today's Cardano technical analysis: Price successfully testing ~0.045479 provides opportunity for bullish strength in Cardano (ADA). A Daily time frame (log scale) candlestick chart is used in today's Cardano analysis. Over 9 months of price action is presented which includes price swing downwards that reached a climax on December 07, 2018. Resumption of bullish strength from a price low of ~0.026675 has been followed by over 5 months of sideways price action. A broadening formation is highlighted on the chart to best capture the side trending price action. The chart pattern ideally occurs in a continuation position and suggests that the trend prior should resume once the pattern is complete (i.e. breakout). Moreover, the bullish trendline in Cardano that is currently active since December 2018 is marked on the chart and was successfully tested again on July 16 and 17. Last but not the least is a symmetrical triangle chart pattern that is used to put into perspective price action from July 16, 2019 to date. The symmetrical triangle indicates a stalemate between bullish and bearish strength. Green arrow provided on the chart is used to indicate the trajectory anticipated for resolution outside the triangle. A break below the 5 months old trendline implies a bearish bias. However, the lower boundary or extreme of the broadening formation that lies below the bullish trendline should be monitored for support. Price consolidating at support for the formation (~0.045479) could potentially serve as catalyst for bullish momentum and the upper boundary of the formation providing a minimum target.
BINANCE:ADAUSDLong
by Coin_Analyst
Cardano Technical Analysis: 6 Hour Time frame Chart Patterns.Conclusion for today's Cardano analysis: Consolidation in price at the 0.05 price level could provide support for resumption of bullish momentum. The 6 Hour timeframe of Cardano (ADA) is examined using a candlestick chart that provides over 7 months of price action. The duration in Cardano price did produce an upswing in price from ~0.02700 to 0.10600 on June 26, 2019. The current downtrend was confirmed by the formation of a rising wedge (ideally bearish) chart pattern that was part of a 2 months topping process between April and June 2019. Price breaching long term support since December 2018 implies a bearish bias and therefore more downside to be expected. However, it is important to pay attention to immediate support under the long term bullish trendline. This is the 0.05 price level i.e. (0.05547903 and 0.05051864) as consolidation in the aforementioned level can provide grounds for resumption of bullish momentum. A break below the lower level of support implies an increase in bearish strength and lower prices to be expected in Cardano.
BITTREX:ADAUSD
by Coin_Analyst
6
Cardano Analysis: 4 Hour Timeframe Bullish Breakout.Conclusion for today’s Cardano technical analysis: Price breaking to the upside of the 4 hour timeframe bearish channel supports a bullish bias and higher Cardano price. Cardano chart analysis for today is carried out on the 4 hour timeframe with focus the chart patterns identified that are crucial for future price development. October 15, 2018 to current date is covered for price action. Cardano upon confirming the complex head and shoulders bottom (or inverted, complex head and shoulders) pattern reach a peak of 0.00001944 on April 03, 2019. This was followed by the current bearish swing that saw Cardano price close at 0.00000703 on June 28, 2019. The use of a bearish channels helps to put the first and second leg of the bearish swing in perspective with price successfully breaking to the upside of the channel as indicated on the chart. Besides, a bullish bias is also provided by the breakout closing above the 4 hour timeframe 50 moving average. A crossover of the 50 moving average above the 200 moving average and price will provide even higher probability of termination of the current downtrend. Price action closing below the June 28, 2019 low of 0.00000703 as opposed to continuation of the bullish move invalidates this analysis.
Long
by Coin_Analyst
Cardano Analysis: Intraday Bearish Trend Almost Over?Conclusion for today’s Cardano technical analysis: Price closing above 0.00001116 implies resumption of a bullish trend in Cardano (ADABTC). Cardano analysis for today is carried out on a 6 hour timeframe that is mainly focused on the downtrend since price reached a peak of ~0.00001941 on April 03, 2019. Previous Cardano price prediction that was accurately forecast using a complex head and shoulders bottom pattern (or complex, inverted head and shoulders) on May 21, 2019 can be found below. The current bearish trend starting from April 03, 2019 is highlighted using a bearish price channel. Besides, the 50 and 200 moving average (MA) of Cardano (ADABTC) provide context for price action and are also crucial to monitor for an impending change in the 6 hour timeframe bearish trend. The 14 period relative strength index (RSI) is shown at the bottom of the chart with a bullish divergence currently established. This provides additional warning for the current bearish trend and not necessarily a confirmation of a trend change in ADABTC. 0.00001116 and 0.00001046 are provided as immediate resistance in Cardano price. A conservative approach to going long (buying) ADABTC involves entering orders on a breakout or close above the upper boundary (0.00001116). This would also ensure that price closes above the upper boundary of the bearish channel and thus confirmation of a breakout.
by Coin_Analyst
2
Cardano(ADA) latest update1 Key Highlights * Following uptrend channel since December' 2018 and moved 100%+ against BTC(satoshi) pair. * Trading above 200D-SMAs and Ichimoku cloud on Daily time frame. * Bearish(sell signal) signs indicate slight correction ahead to levels defined on the chart below. * Correction downward can provide an opportunity to buy the asset for the long-term hold. * Pair has moved 60 percent up since last post Cardano coin has been a runner since December'18 and is in strong bull trend while moving 100%+ against Bitcoin(Satoshi) at the time of writing but will the coin rise more? Few of the catalyst supporting the uptrend: * Ledger Nano S wallet support to cardano(ADA) coin. * Binance adding ADA trading pairs. * Shelly release on Test-net and Mainet during second quarter(Q2). If we look at the cardano coin forecast analysis today then we might see a slight correction downward in the coming days which might provide an opportunity for late buyers to enter the asset for a long-term hold. Let's look at cardamon coin technical analysis 2019 on its Daily-time frame chart. * Risk taker buyers can look for preliminary support area around 0.00001470 satoshi to enter the asset for mid-term hold. * If this preliminary support level doesn't hold then one can look for potential resistance turned support(S/R Flip) area around 0.00001337-0.00001376 satoshi to set their bids for a safer entry. * Sellers can look for areas at resistances(sell zones) around 0.00001920-0.00002000 satoshi (short term) and 0.00002243-0.00002406 satoshi and 0.00002701-0.00002778 satoshi (long-term). * Breaking down below the last support area around 0.00001102-0.00001112 satoshi would be strong bearish(sell signal) for the asset. Further cardano coin price analysis suggests that it has crossed the 200D- SMA (simple moving average) on Daily with bullish cross-over of 10 and 20 EMA (exponential moving average) on weekly. These are quite healthy signs for the bulls. MACD and Stoch-RSI indicator on Daily time frame showing signs of weakness leading to a healthy correction in the coming days but that doesn't make the pair strongly bearish. 3 Conclusion All-Time Cardano coin has been the top rising cryptocurrencies and its price seems to be in a bullish trend in the long-term with future looks bright because of the upcoming catalyst of launch of Shelly protocol on Test-net and Main-net during Q2'2019.
Long
by coinswitch-trading
Cardano Analysis: Bullish Breakout on Daily timeframeConclusion for today's Cardano Analysis: A breakout above 0.00001336 confirms higher prices in ADABTC Price action from June 5, 2018 to current date is covered in today’s Cardano analysis on the Daily timeframe. The downtrend in Cardano from June 2018 is highlighted with the descending or falling wedge chart pattern. This is immediately followed by a side trend that has lasted over 6 months starting from September 20, 2018. The sideways action is a bottoming chart pattern that is identified in this Cardano analysis as an inverted, complex head and shoulders pattern. This pattern is otherwise known as a complex head and shoulders bottom due to the fact that more than one right shoulder is observed in this case. 0.00000839 is used as the point of invalidation (POI) of the pattern at which point the current downtrend would be assumed to have resumed. 0.00001336 is the neckline of the pattern. A logarithmic scale is used in this analysis and it is important to switch back to an arithmetic scale for measuring implications based on the chart pattern i.e. projection. This involves measuring the distance from the neckline to the head (H) at ~0.00000839 to the neckline and adding that distance to the neckline upon breakout. Confirmation and bullish swing to follow should last for at least weeks.
Long
by Coin_Analyst
2