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Cardano VS Ethereum, How Far UP?Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend. Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH 0.0028, that is just over 10 times the price of the recent  bottom, which was ETH 0.00026. Also, the target level corresponds to the 261.8% Fibonacci retracement level. The x10 growth is expected during the currently starting wave up and should be the very first upside target. Break above it could send the price much higher, but it yet to be seen if the resistance will be rejected or not.
ALong
by CryptoPAMM
Cardano to follow suit on the Verge (XVG) breakout? (+600% pot.)Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement. Now, first of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. This might be a timing for the handle to start forming. Verge: ----- Could Verge be running ahead of Cardano? In my previous posts on Cardano, I first highlighted that it was not time to catch that falling knife, as the bearish trend remained intact for some time. My first article discussed this back on February 20: "ADA / Cardano - WHEN will the downtrend end?" : On March 19th, I called the bottom and I speculated on a potential cup and handle forming: "Cardano diving into the 2nd part of a cup & handle? (600% + potential)": ------ TODAY: As per today, we are trading near the 78,6% Fibonacci retracement level (blue horizontal line), we have made a bull cross in the MACD a little while ago, and basically we seem to be set for that second part of the cup. If we look at the Verge graph, we see several similarities, and whereas Verge has its big announcement the 17th of April, Cardano will be making announcements somewhere around or after that time (with a.o. a roadmap update in the beginning of May). This could indicate a similar price movement for ADA as we see now for Verge (which is basically a bombastic ride up!). ------- This is of course only a scenario, but one that still seems to be panning out. Make sure to put some stop losses for Verge (buy the rumour, sell the news), and have a look at Cardano ;) As always, DYOR, and thumbs up on this post are highly appreciated! All the best
Long
by A_Cryptastic_Mind
1
Cardano diving into the 2nd part of a Cup & handle? (+600% pot.)I previously posted about the downtrend of Cardano and how & when it would end. The downtrend remained intact (& we know we shouldn’t fight the trend, but wait until there’s a confirmed reversal). Here’s the graph back then: The graph now shows how that downtrend has continued to persist, yet given the likely soon upward curving of the MACD (as you can see quite clearly in the MACD ("1") under the graph, this might bode well for entering the second half of a cup & handle figure. Granted, there might be a bit too much volume to speak of a cup & handle, but I wanted to let the bulls in your head dream a little ;-) RSI confirms a somewhat more bullish stance in "2" as it is about to get out of the oversold area in turning more inclined to a bull trend. You can clearly see that Cardano at its “ATH” , had the RSI in the exact opposite area, just as with the MACD by the way. This makes it at least relevant enough to propose it as a possible scenario that Cardano could be going for! ;-) PS: I previously suggested a similar formation for ICX: Conclusion: if this were to pan out as a cup & handle figure, there lies huge potential in the future price movement for Cardano. The current retracement implies a potential target of +600% to over 14000 sat. PS1: This is ONE of several possible scenarios - I'm just sharing it so we can include it in the ideas list! PS2: This is not investment advice, DYOR.
by A_Cryptastic_Mind
4
This is why you could grab ADABTC (Cardano) So on the daily chart we are done with a ABC correction with 5 internal waves This will be the start of the next 1 wave which is a bullish wave . Place buy orders at the support levels & currently ADA is sitting on .786 FIB level A point to be noted is that , whales are playing with ada on bitmex so it can be a bull trap & i will buy more once it crosses 2400 which will confirm a strong bullish trend. Follow me for more trades! #Benkashloikivfund
ALong
by TechnicalGurukul
3
ADA/ETH UpdateAfter ADA double tapped and found a bottom at Fib 0.5, it bounced and consolidated a bit on Fib 0.618. After slight consolidation, ADA seems to now be moving on a slow uptrend towards Fib 0.786. There will be slight resistance on the solid green line, but once the bulls push through that, we are headed to Fib 0.786. That is where ADA will prime up for re-test of March 21 highs. If bulls can push through that, we will see another consolidation between the yellow dotted lines. Good Luck!
A
by high_ascanbe
ADA/ETH Fixing to Jump After finally popping out of its Falling Wedge, ADA has been consolidating for a couple days in (what I believe) is a Bullish Pennant - continuation pattern. OBV is staying strong, and StochRSI seems to be starting a bullish divergence. ADA even has support from the lower BB which usually means it has been oversold. All good signs IMO. If ADA jumps up and out of the Pennant, it will meet resistance from the dotted yellow lines, and might even consolidate a bit in between. However, if ADA falls out of the Pennant, it will be supported by Fibonacci Levels 0.618 and 0.5 marked by red solid lines. Good luck!
A
by high_ascanbe
ADA/Cardano - The Devils of It's PastBINANCE:ADABTC BITFINEX:BTCUSD All, One reason I have not put any money into ADA.. is for two very good reasons. It is a falling knife and it has demons of the past. What do I mean? Well ADA.. took off too fast which means one thing usually. Untested levels from which it left from. What ADA.. is currently doing it going back to test levels from the past that were untested and then it will be ready to take off. This could be very very soon. I only see maybe one level untested max. One thing is make sure you set alerts around this area, because ADA is very liquid do to circulating amount so if it takes off you will see it take off rather quickly. I am doing some more studying on ADA, but we are getting close to testing the old levels of it's past. Once that is completed it will begin its run. Also BTC has forced it to test these levels seeing as Alts dump when BTC moves too fast up or down.
Long
by DigitalData
ADA / Cardano: WHEN will the downtrend end?!Hi guys, A friend asked me to have a glance at Cardano… He asked “ should I buy this stuff? ” I am just going to list the things I notice in the chart, and things you should be attentive to: 1) There have already been two triangle formations with crucial Fibonacci supports as a triangle basis. Both of them failed in breaking the triangle upward, followed by a further downward move in price. 2) We don’t have many longer term Fibonacci supports left as you can seee – only the blue one at 2323 sat. But, we also have a shorter term support line at 3138 sat, which we just tested for a first time just now on the daily. 3) We are closing in on the end of this third triangle . The question will be once more: “up” or “out” ? With the knowledge that as for now, the bearish momentum is still intact (and remember: don’t bet against the trend or in the cheesy way that TA-ers always say “the trend is your friend”!) 4) Not everything is blood on the chart (well…unless if you have been HODL-ing this one since the top), but: MACD is curling - as slowly as possible though – to a bullish cross . That will be good news someday soon. Moreover, RSI is now in the heavily oversold area! So…we are looking for that bullish cross giving us a first buy signal. We want that to be confirmed by an upward curl in the RSI (let’s get that momentum back up!) 5) We are looking even more at the candle sticks . They are as red as can be for now. Given that this is a Heikin Ashi chart ( see my previous posts on TV for more explanation ), we want to see a doji or spinning top candle first AND a break-out confirmation on that candle (i.e. We want to see some green candles follow the doji / spinning top candle to the extent that the resistance of previous candle sticks gets broken. See example “X” and “Y" in the chart. 6) We want volume! Green volume! We have none for the moment. Only ugly red little bars. Let’s replace those. Conclusion: - We are entering a new zone of truth: up or out of this triangle formation. - Bearish sentiment is still intact for the moment. We are looking for signs of reversal. - Signs of reversal already closing in : RSI is heavily oversold + almost a bullish MACD cross on the daily - Signs of reversal we are still looking for : a doji candle signaling trend reversal, FOLLOWED BY green candle sticks that break the resistance formed by previous red candles + (more simply) break-out of that ugly downward trend channel (as represented by the upper white triangle resistance line). - Lots of green Volume!! - NOTE: this is purely the technical story. If you have important info on the fundamentals that might help us out in a trend reversal (e.g. Partnership announcements, rebranding, etc.) let my friend know in the comments! ;) - No need to start a trade on this one yet. At least not when looking at the daily picture. Be patient, prudent, and with your eyes open :-) (and the short answer - just to bully you I put it in the end - is: stay away for now, it is still too early to make a (purely technically motivated) buy decision). PS: this is by no means intended as formal investment / speculation / gambling advice
by A_Cryptastic_Mind
5
$ADA $ADA.X $ADAETH - Cardano vs Ethereum, 1 Day BinanceCardano is down against Bitcoin but it is making headway against Ethereum. MACD is turning but still hasnt crossed the signal line and has pulled away from the lower Bollinger band. RSI is a little flat, though there may be a decent buy in coming is you have some ETH laying around in a few days. If MACD crosses and RSI moves up, may be a good time to get in if your looking for a buy in. This could be a false signal and if volume drops, it wont be. Keep your eye on this if your trading on Binance. As always i'm not a financial adviser so do your own research. This is my opinion.
by UnknownUnicorn2091450