Vera Thornpike

Cardano Price Analysis: There’s a Bullish Light at the End of the Bearish Tunnel. $0.083 ADA Value Seems Possible

Cardano price analysis from TradingView experts – A positive outlook on ADA’s future
Cardano Price Analysis: There’s a Bullish Light at the End of the Bearish Tunnel. $0.083 ADA Value Seems Possible
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Cardano, one of the top cryptocurrencies, is on the rise. Until recently, it was suffering from the bearish trend like other cryptocurrencies were, but the market seems to be stabilizing. Should we expect any sort of rally? Some tradingview users have a positive answer.

Let’s review a few forecasts for Cardano.

Cardano should hold above the $0.042 level

Cardano’s recent fall caused panic in the crypto community – people started dreading another bearish wave. However, ADA doesn’t seem to be falling further just yet. The user nicknamed Coinkilavuz has analyzed Cardano’s behavior and said that it should hold above $0.042 to reach $0.049 again. Let’s hope this forecast is true.

Cardano has all chances to reach $0.049
Cardano price chart by Coinkilavuz

Coinkilavuz Cardano chart on TradingView

Cardano targets $0.08300

User TradingShot bases his forecast on Fibonacci levels. Good news: there’s a strong bullish signal! If we check out all-time highs, ADA/USD was rejected on the 0.236 Fibonacci retracements.

“Last time this level broke the uptrend has been sustained and no Lower Low has been made yet. This is a long term bullish signal.”

Fibonacci index shows ADA is about to rise
Cardano price chart by TradingShot

TradingShot Cardano chart on TradingView

Thus, Cardano has to fill the 100% gap left after the last disastrous decline. When might it happen? Judging by the chart, we should wait for new ADA heights in May 2019.

Cardano is through ABC correction

User Stabb presents the Cardano price chart illustrating that ADA/USDT is making an ABC correction. That’s the same thing that’s being formed in BTC development. There’s a higher low for wave B, which is a good sign. So, what’s next? ADA should start growing again. According to the chart, it might reach the $0.06 level by the end of March – even faster than other charts show. Right now, traders have to stay patient.

There’s a correction zone for ADA/USDT
Cardano price chart by Stabb

Stabb Cardano chart on TradingView

ADA/BTC is in an uptrend

If you want to invest some BTC in ADA, there’s a golden chance to do so. According to ForecastCity’s technical analysis, the Cardano/Bitcoin pair is about to enter the uptrend. The price has been keeping the 21-Day WEMA, which acts as dynamic resistance. RSI index is 50.

Don’t miss the Buy Zone – watch for reversal trends
Cardano price chart by ForecastCity

ForecastCity Cardano price chart on TradingView

This means there’s a possibility of ADA’s suggested support zone (0.00001090 to 0.00001000). In turn, traders can make orders based on Price Action and reach some short-term goals. Thus, the entry zone is from 0.00001090 to 0.00001000.

So when you see the price approaching the Buy Zone and forming some of the reversal patterns ("Bullish Engulfing", "Hammer" or "Valley"), it’s time to enter the game.

To keep tabs on the Cardano price, don’t forget to check the ADA/USD Chart by TradingView.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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