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WILL ADA MOON SOON??Cardano (ADA) Will Moon Shot to $4 by the End of 2021 Most analysts expect Cardano (ADA) to be one of the big 3 cryptos in the crypto world. The asset is already ranked at number 3 based on market capitalization. Bitcoin and Ethereum hold the top titles and are seen as revolutionary and functional. Now, with Cardano’s latest Alonzo mainnet upgrade, the asset and blockchain are finally a worthy contender set to run with the big leagues. To highlight, Cardano’s Alonzo mainnet launch brought smart contract functionality to its network. This makes the blockchain a massive competitor in the industry. Especially for Ethereum. Ethereum can run smart contracts and hosts many DeFi applications, blockchain games, and more. However, it is limited by its Proof-of-Work (PoW) consensus. Not to mention, Ethereum is not scalable or interoperable in its current state. Due to this, it faces issues with sustainability, congestion, and high transfer fees. To combat this, Ethereum is launching Ethereum 2.0. Sadly, this launch has been delayed for over six years now and users are still waiting for the promised day. Meanwhile, Cardano has always used a Proof-of-Stake (PoS) consensus. This makes the platform sustainable and scalable. It also allows staking and brings a greater community role. This is essential for Cardano as the system’s penultimate plan is to render decisions to its community after its final upgrade stage. In detail, Cardano (ADA) has 5 stages for upgrades according to its road map. In order, these stages are known as eras — Byron, Shelley, Goguen, Basho, and Voltaire. Presently, Cardano is in its Goguen era. Goguen’s goal was to bring smart contract functionality onto Cardano’s network. To do so, the Alonzo testnet was launched in phases. Starting with Alonzo Blue, then Alonzo White, and Alonzo Purple. The testnet steadily launched simple and later complex smart contract functionality. Alonzo Red and Alonzo Black went quickly to find and fix possible bugs. During this time of testnet launches, the price of Cardano (ADA) steadily shot up. In fact, it even hit its current ATH of $3.09. At the time of writing, the price of Cardano (ADA) stands at $2.24. This is still significantly higher than its price at the start of 2021 which was $0.18. Truly, Cardano has been breaking its own price records over and over again in just this year alone. First, it broke through the $1 mark and then $3. Now, many analysts predict that its price will go much higher. Some speculate $5 and others $10. In particular, Nigel Green from deVere Group, says that by the end of this year ADA will certainly hit $4. He says that according to the charts, ADA is bullish. In fact, he says it is on a clear upward trajectory and it is very unlikely that it will come to a halt.
by LenaGraceThomas
Cardano ADAUSD - Rounding Bottom! + Elliott Wave- Cardano is currently breaking out to new ALL TIME HIGHS! - On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs. - Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish . - We will experience an acceleration to the upside in a few days! - Profit target is 0.618 FIB extension, which is around 30 USD - 1000%. - Cardano made a huge rounding bottom or cup and handle on the weekly time frame. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, we are currently at the 5th impulse elliott wave! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:ADAUSDLong
by UnknownUnicorn2537518
10
ADA/USD - Bullish engulfing candle. Can ADA sustain it?The current trend for ADA is bearish as clearly indicated by the lower highs and lower lows, however, we have reached a key support area around $2. A bounce followed, nothing unexpected so far. Also see my last ADA idea linked below. What can happen next is ADA could continue to pump to our resistance at $2.3, however I find it highly unlikely for ADA to pass that level higher since on the weekly timeframe we are quite bearish and this correction may be missing the C leg in an ABC correction as indicated on the chart. I'd not recommend entering into ADA now if you missed buying our support line, hence, what you should wait for is a possible short around our resistance anticipating the drop on leg C. The risk reward there is good, buying now in the middle point between support and resistance is a poor entry. Indicators also favor a nice bounce and rally in the short term, but then I expect a reversal and bears will come out to short ADA again. We can re-assess once we reach resistance. Like and follow if you liked this idea!
Long
by DU09
2
ADA - broke this support 😱😱Bitcoin is slowly moving downwards. At the same time, altcoins are following it. Cardano is now breaking through the trend line, which acts as support. If the price breaks and tests this trend line as resistance, it will be a sell signal. There was a contraction before that, which also indicated a breakout and a fall. There is liquidity at the bottom and the price can collect it. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Short
by Yuriy_Bishko
12
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 2.202 (stop at 2.132) Daily signals are mildly bullish. We are trading at oversold extremes. Posted a Double Bottom formation. A break of bespoke resistance at 2.200, and the move higher is already underway. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. Our profit targets will be 2.398 and 2.448 Resistance: 2.200 / 2.300 / 2.400 Support: 2.100 / 2.000 / 1.900
KRAKEN:ADAUSDLong
by Signal_Centre1
2
ADA - this is the best place to buy 😱❗The whole cryptocurrency market is falling, as the main movement has probably already passed, it is now dangerous to open short trades. The best thing to do now is to wait for new clear trading situations. Or look for buying points. On Cardano's chart, I marked an important buy zone. If the price corrects to this area in a quick move, it will be the best buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
9
ADA/USD - Warning sign validated! Bearish divergence...Time to be careful on ADA. The weekly RSI just painted a very clear BEARISH divergence. What is a bearish divergence? It is when HIGHER prices on the chart have a LOWER high on the indicators like RSI (see yellow arrows). What does this mean? It means the momentum is FADING and price is likely to reverse course or the trend may change soon. You DO NOT want to HOLD ADA now hoping it will PUMP... the odds are against you. The only way I see price still going up is if BTC does a new ATH and all the market pumps. Therefore, expect lower levels at least in the short term and explore buy opportunities at the next support. If you plan to play a bounce. Like and follow if you liked this idea!
Short
by DU09
CARDANO | ADA | Short TermHi Guys 🍀 I'm Emily and I hope this analysis can help you. As we can see ADA has just hit support on Fibonacci and BB levels. I think the price is going sideways for a while due to the neutral market volumes. MACD looks undecided too so why not just wait a couple of hours to make a better move and beat the market? Blue lines show support and Red lines show resistance. So we have 2 supports and 1 resistance which can control the price to go sideways for a while until one of them breaks. Tell me if this chart helped you Don't forget to hit like and drop comments 💚
by EmilyProject
7