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ADABTC trade ideas

ADA PUMPED! TOLD YAHi hows your bag ha? many new fellows are in crypto now and let me introduce them to cardano first, Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software. The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods. targets 2.5 - 2.7 - 3
Long
by amirsediq
2
ADA coiling towards a breakoutCardano (ADA) has been in somewhat a symmetrical triangle for the past several weeks with higher lows. The RSI is in neutral territory while the OBV has not seen a significant selling activity. This is one of the projects with huge long term potential. They have several deals in the pipeline while the engineering team is still burning the midnight oil to get the smart contract functionality fully integrated which is coming soon. The network activity has also picked up significantly over the past few months (adapools.org). Short term price targets: 2400 sats 2600 sats 3000 sats Note: This is not financial advise. Please do your own research.
Long
by CryptoPaily
ADA/BTC Cardano is begging you to BUYI believe ADA/BTC looks extremely attractive right now. I recently posted about ADA/ETH and while it is up slightly, ETH is way too bullish right now for Cardano to make a strong relative move. In our first bull move (#1), we appreciated 33% and retraced to the 0.5 line. Bull move #2: 19% appreciation, retrace to the 0.382 line. Bull move #3: 11% appreciation I believe the compression of these rises bodes very well for ADA/BTC and meanwhile, we have cupping action that makes me more confident in the bullish support. Strong resistance around 0.00003170 has been tested and few times and the sellers should be nearly washed out by now. I expect a break of this line and a sharp rise to at least 0.00003465. Even if we break below the lower trendline, I will not be concerned. If we break below the previous structure low at roughly 0.00002870, I will begin to reconsider. TP1: 0.00003465 (+12%) TP1: 0.00003547 (+15%) - Sultan of Chart Published trade stats: Wins: 2 Average gain: 8.5% Losses: 0 Pending: 3 (including this idea)
Long
by Sultan_of_Chart
ADA/BTC Update: Breakout of consolidation flag. What's next?Cardano broke out of it's Head and Shoulders pattern some weeks ago. We've seen a consolidating bullflag which stayed for some weeks. Finally ADA broke out of it and continues it's upwards move. Smart contracts are set for August this year which is still some time. Since we did not breakt fully through the nearby resistance we also could see a pullback before we finally get through. Cardano is one of the most bullish longterm coins. Already done: - Mary Hardfork - Coinbase listing - Africal Special - 100% decentralised Upcoming: - Smart contracts - Grayscale Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55