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Cardano Millionaire Club Grows as With Significant Rise in ADA According to data from crypto intelligence platform CoinMetrics, wallets holding ADA with a value of at least $1 million increased by 1,231 percent from 504 to 6,710 between January 1 and May 17, 2021. The millionaire investors have emerged at a time when ADA is still capturing the attention of the crypto world, has reached an all-time high of $2.4 on May 16th. The price of ADA has increased by more than 1,000% year-to-date. At the same time, global interest in Cardano news peaked recently on Google Trends. Furthermore, between January 1 and April 28, 2021, the number of ADA active addresses increased by 417.81%, while the number of transactions increased by 382.84%. Cardano is benefiting from good news from Input Out Hong Kong, or IOHK, in addition to having one of the most devoted cryptocurrency groups in the industry. The Alonzo update is being progressively introduced to the mainnet in May and June, according to the smart contract platform’s growth arm. Source : Coinpedia
by Cryptoinsights_foru
You take it or leave it. ADA is about to pumpCRYPTOCAP:ADA is about to make 3x next month. Why and how? Fist thing is that its price tested the supported area successfully in weekly timeframe. weekly chart is the most trusted one when it comes into long term trading. Fibo retracement also matches with this scenario. 2nd is that the price bounced back up right at the weekly trend channel. It shows that there is a massive demand in the $0.27 area. Remember that it's always the area, NOT a single point or line. The 3rd reason is that ADA had this type of trend in previous super 🐂 run. Now it repeats the trend again. The first step it has to reach $1 in Sep/Otc-2024. The next super bull will be around mid 2025. I expect it will have 3x after passing $1. (9x in total) Action: + Spot: Really simple, just buy as much as possible. + Future: Every pull back in 1h timeframe is a long opportunity. If you're scared, go home! I don't care much about fundamental analysis. Why? Bcz when it comes into a bull run, everything will go up in a craziest way no matter what it is who's behind. JUST HIT THE DAMN BUY BUTTON! ONE MORE THING: You need to know when it bottoms to maximize the profit .I will share all of my trading experince in the next post (including how to pick the really dip). My goal is to spread my trading strategy- The rule of time and space! #TradingMadeEasy #spottarde #FutureTradingSignals
Long
by AverageFifty
1
Cardano/ADA Trade Setup Idea- #cardano #ada is currently trading at a zone that is above its Intermin Demand - It's important to watch from an investment perspective that Ada stays very bullish for a long-term perspective - By Trading you might just make a handful of gain - Focus on staying invested in the Usecase and try understanding what it exactly does - I am bullish on Cardano for the long term - Try adding ADA at its current market price and make sure your allocation isn't above 30% - Allocate the rest 70% once you see a strong retracement
Long
by VKtradesimbalance
Bearish ADA/USD Trade Idea: Downtrend Continues1. Market Analysis: The ADA/USD pair is currently in a strong downtrend. A downward-sloping resistance line is clearly visible, highlighting the continuing pressure on price. The pattern forming is a descending triangle, which is typically a bearish signal when the price breaks below the lower support level. 2. Entry Point: Our entry point is at 0.8292. This is based on the price action within the triangle pattern, as the market is struggling to break the resistance and is testing the lower boundary multiple times. A breakdown below this level is anticipated, continuing the bearish momentum. 3. Stop Loss: The stop loss is set at 0.88768. This level represents a recent swing high within the triangle pattern. If price moves back above this level, the trend reversal could be signaled, so it’s crucial to manage risk with this stop. 4. Target: The target price is set at 0.74165. This is a key support area, previously tested, and the price action indicates that it could act as the next major level of demand. This aligns with our trade objective of riding the trend toward the next significant support. 5. Rationale: The descending triangle is a bearish continuation pattern, and the breakout below the lower support confirms the downtrend. Volume has been decreasing as the price approaches the triangle's apex, a common sign that the market is getting ready for a breakout. The overall trend is bearish, and this setup aligns with the prevailing market sentiment. 6. Conclusion: This trade idea is based on a well-formed technical pattern, with clear entry, stop loss, and target levels. By entering at 0.8292, setting a stop loss at 0.88768, and targeting 0.74165, we are positioning ourselves to profit from the continuation of the current downtrend in ADA/USD. Make sure to monitor price action closely, as any deviation from the expected pattern might require adjustments to the trade.
DELTAIN:ADAUSD.PShort
by Crystal_0404
cardano ada, update the down side move we estimated was fair enough but the price fails to break below 2.020 the price is consolidating within a pattern of triangle but the rsi showing rise in momentum lets wait until it gives breakout above 2.150 level the breakout could result in 150points upside to 2.300 downside i am no longer interested in shorting because 2.000 is close by and favorable risk to reward we would get based on current market structure this could be the possibilities im looking for longs
Long
by Jimmy_Rebello
Cardano ADA Bullish View (Go Long)Cardano has completed it's swing high at all time has and has taken a correction at 0.382 fibo levels. Also price is currently at monthly cpr with railway track pattern intact. So it is the best time to go long. Also there a good risk to reward of 1:3. So mid term positional traders can go long on ADA. Target 1 is the all time high of 3$ that is the B point of ABCD Harmonic Pattern. Safe traders can book their profits and Hodlers can hold till ABCD pattern completion at 4$.
Long
by BullRangers