Cardano
$0.04439 -0.67%
ADA · 10w

Cardano Short Looking Very Lucrative At the Present Moment (Potential 50%+ Gains)

Today, we’re going to take a look at Cardano because it is another coin for which there has been a specific price review requested of it. So, let’s see what the price action on this project is at the moment.

 

Cardano Price Analysis We’re going to start off with the basic chart here and then see what we can identify from there. ADA/BTC Pairing https://www.tradingview.com/x/MXH1iheV/ Alright, so as expected, Cardano is still more than likely in the midst of a humongous downtrend. So, let’s see what we can discover after drawing a few trendlines.

 

Drawing Trendlines https://www.tradingview.com/x/sAhIJAgq/ Above, we can see a major (former) support point that was eventually violated, followed by a steep (50%) decrease in the price, establishing a long-term (potential) support at 1000 sats. That’s no longer relevant, however, so let’s see what else we’re looking at on the chart here: https://www.tradingview.com/x/T3EIZuRx/ Again, in the picture above, we can see a (fairly) established support point at 1100 sats. This has only been tested twice and briefly at that, so there should be no strong reliance among traders on this point. Since we aren’t able to glean too much information from the daily resolution, let’s go ahead and scroll in and see what else we can find.

 

4-Hour Chart [Exponential Moving Averages] So, this is somewhat arbitrary, but to get an idea of the more immediate price movement, let’s go ahead and check out the EMA indicators on the H4 chart, below: https://www.tradingview.com/x/0QpswgYJ/ Thus far, the indicators are bullish for the following reasons: The EMA indicators (12, 26, and 50) are all below the candles on the chart. The EMA-12 > EMA-26 > EMA-50; which is a bullish stack for EMA indicators (always). There’s a bit of room between the curre...
Continue on blog.zerononcense.com
Recent news
ADA -0.67% · twitter.com · 5h

Charles Hoskinson: As we are getting closer to the stake pool testnet for Shelley, I'd love for the community to assemble a workgroup to draft some best practices for pool operators and open infographics to help people select or start a pool. Let's crowdsource this initiative. Any volunteers?

As we are getting closer to the stake pool testnet for Shelley, I'd love for the community to assemble a workgroup to draft some best practices for pool operators and open infographics to help people ...
ADA -0.67% · forbes.com · 5h

Absolutely huge crypto news in Wyoming.

Wyoming is setting new legal precedents for the classification of cryptocurrencies in a bid to offer clarity to businesses and users of blockchain and digital assets.
ADA -0.67% · twitter.com · 5h

Wyoming drops biggest crypto regulation news ever.

1/ TWEETSTORM about #Wyoming’s BIG REVEAL. This is long & info-packed, so buckle in. My native state is about to do bigger things for #blockchain, & the sector is about to pay Wyoming back big...
ADA -0.67% · twitter.com · 5h

Charles Hoskinson: Always and I always will keep that philosophy. The highest achievement in business is to make the world better with a sustainable business model. This is and will always be the core of IOHK and my work in cryptocurrencies. Our company has been dedicated to this since 2015

Always and I always will keep that philosophy. The highest achievement in business is to make the world better with a sustainable business model. This is and will always be the core of IOHK and my wor...
ADA -0.67% · twitter.com · 6h

Vantuz Subhuman: ‼️ SECURITY ALERT ‼️ Some users in #Cardano community received DMs (on telegram or other platforms), about fake Daedalus updates! Ignore and (if possible) report these messages as spam/scam. NEVER install any software you receive from unverified sources! ⚠️

‼️ SECURITY ALERT ‼️Some users in #Cardano community received DMs (on telegram or other platforms), about fake Daedalus updates! Ignore and (if possible) report these messages as spam/scam. NEVER inst...
ADA -0.67% · twitter.com · 7h

We are here to change the world

We are here to support #Cardano achieve the goal of becoming a financial operating system, because the world needs it. pic.twitter.com/7VGWMrACtG— Andromeda Pool (@AndromedaPool) January 18, 2019
ADA -0.67% · twitter.com · 10h

Katsumoto: Great news for all the $crypto enthusiasts who’re on #Android! @atomicwallet just announced they’ve released #Atomic wallet for the @Android platform. And $ADA will be supported somewhere next week. 😃🔥 #Cardano #cardanocommunity #ada #adoption

Great news for all the $crypto enthusiasts who’re on #Android! ⁦@atomicwallet⁩ just announced they’ve released #Atomic wallet for the ⁦@Android⁩ platform. And $ADA will be supported somewhere next wee...
ADA -0.67% · twitter.com · 19h

When @WeissRatings starts tweeting things like this #Cardano Blockchain / #Ada community @emurgo_io @IOHK_Charles @_CryptoReporter @Cardano @CardanoStiftung starts cheering. Formally verifying code should be standard. Communities should demand this by default. The #Cardano way!

When @WeissRatings starts tweeting things like this #Cardano Blockchain / #Ada community @emurgo_io @IOHK_Charles @_CryptoReporter @Cardano @CardanoStiftung starts cheering. Formally verifying code sh...