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Adausdlong

Cardano RESISTANCE BROKEN! Cardano cannot be left behind when an ALTSZN comes. Cardano has one of the biggest ecosystems and it only keeps on growing which is a very important key factor to knowing which alts will go up the most. "Never underestimate communities" Even XRP,DOGE, SHIBA which people normally tend to throw hate all the time but they hold bigger communities than 99% of the cryptos out there. A remarkable thing we have seen inside Cardanos ecosystem has been some of those projects take off, for example AGIX. AGIX is part of Cardanos ecosystem and has been making a big buzz as its part of the AI . In my opinion, Cardano surely grabbed a diamond right there when they partnered with AGIX. AN IMPORTANT RESISTANCE HAS BEEN BROKEN which still cannot assure us of anything in the short term but in the long term it assures us the project will always remain there. Cardano is a blockchain platform that has been making significant progress in the field of decentralized finance (DeFi), offering a range of innovative features and benefits that set it apart from other blockchain platforms. One of the most significant positive aspects of Cardano is its highly secure and scalable architecture. Cardano's architecture is based on a unique consensus mechanism called Ouroboros, which uses mathematical algorithms to ensure that transactions are processed in a highly secure and efficient manner. This makes Cardano a much more secure and scalable platform compared to other blockchain networks. Another positive aspect of Cardano is its focus on sustainability and environmental friendliness. Cardano is designed to be energy-efficient and environmentally sustainable, which means that it consumes significantly less energy compared to other blockchain platforms. This is a crucial factor in the world of cryptocurrencies, as the energy consumption required for traditional blockchain networks can be unsustainable and detrimental to the environment. In addition to its technical advantages, Cardano has also been making significant strides in the world of DeFi. Cardano's platform allows for a wide range of decentralized applications (dApps) to be built on top of it, making it an attractive option for developers and entrepreneurs looking to create innovative solutions in the DeFi space. Overall, Cardano has been making significant progress in the field of blockchain and DeFi, offering a range of innovative features and benefits that set it apart from other blockchain platforms. Its highly secure and scalable architecture, focus on sustainability, and ability to support a wide range of dApps make it an attractive option for anyone looking to explore the world of cryptocurrencies and decentralized finance.
Long
by CryptoGao1
ADA H&S upcoming ?Hello Traders, I guess am seeing ADA forming a head and shoulders pattern.. It may test the neck line soon at 0.6304. In case of a break : I guess 0.6000 will be the first major support that the price can retrace from instead of going to the H&S target. INVALIDATION : Dotted line ( above 6.53 ) - Educational : What is Head and shoulders pattern ? The Head and Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern. If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head and Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart. - Leave a thumb up if you agree ! Follow for more <3 Have a nice day.
Short
by TANcrypt0
4
ADAUSDT: Have the Bulls Finally Returned? 🫣| Jan. 20, 2023This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail. The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally to $0.37 before pulling back. After making good moves, ADA fell back to the support at $0.33. At the time of writing, it seems like the price has reversed from the support level, and we may see a continuation of the rally soon. If a strong reversal is seen from the current levels, the price will start approaching the resistance at $0.38 soon. Traders must maintain caution as ADA is still close to the support and there are still chances of a breakdown. If a breakdown is seen, expect the price to fall to $0.30! We will maintain a bullish outlook on ADA until it maintains its position above the support at $0.33. The important price levels for this week are $0.33 and $0.38!
by CoinMarketCap