It Is quite Possible To See ADA at 3.80$
Hello every one
Cardano / US Dollar
We Want To talk about Cardano. It's Done a Great amount Of Bullish & Bearish Movements in The Past Year . if we Put The whole Chart of 2021 Until now, We Can Understand That The Price Is in a Very Big Broadening Wedge Pattern. Which Has Not Been Broken Properly yet. Right Now The Price Is near This Pattern's Bottom and We Can See a Double Bottom Pattern Has Been Created Right There as Well. As you Might know, The Price Is able To Increase as Much as The Measured Price Movement ( Which Is The Length Between The Bottom and The Top of a Bottom Of Course) But the Break out Needed For This Movement Has Not Happened yet So We can Not Be Sure Just yet. There Might be another Bearish Movement To The Strong Support zone (Which is Drawn on The Chart) or a Bullish Break out accrues we Just have To wait Patiently. This Was For Short Term Of Course With a Target Around 2 to 2.40$ But For Mid/long Term Traders we Expect That ADA Is able To Reach 3.8$ Pretty Easily. If you pay attention It is The Top of The Broadening Wedge Pattern So yeah It Is quite Possible To See ADA at 3.80$. Note That The ATH of Cardano which Is around 3.1$ Is a Pretty Strong Resistance As Well.
What Is Cardano (ADA)?
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.
To learn more about this project, check out our deep dive of Cardano.
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 named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. 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.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
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.
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Cardano / US Dollar
We Want To talk about Cardano. It's Done a Great amount Of Bullish & Bearish Movements in The Past Year . if we Put The whole Chart of 2021 Until now, We Can Understand That The Price Is in a Very Big Broadening Wedge Pattern. Which Has Not Been Broken Properly yet. Right Now The Price Is near This Pattern's Bottom and We Can See a Double Bottom Pattern Has Been Created Right There as Well. As you Might know, The Price Is able To Increase as Much as The Measured Price Movement ( Which Is The Length Between The Bottom and The Top of a Bottom Of Course) But the Break out Needed For This Movement Has Not Happened yet So We can Not Be Sure Just yet. There Might be another Bearish Movement To The Strong Support zone (Which is Drawn on The Chart) or a Bullish Break out accrues we Just have To wait Patiently. This Was For Short Term Of Course With a Target Around 2 to 2.40$ But For Mid/long Term Traders we Expect That ADA Is able To Reach 3.8$ Pretty Easily. If you pay attention It is The Top of The Broadening Wedge Pattern So yeah It Is quite Possible To See ADA at 3.80$. Note That The ATH of Cardano which Is around 3.1$ Is a Pretty Strong Resistance As Well.
What Is Cardano (ADA)?
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.
To learn more about this project, check out our deep dive of Cardano.
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 named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. 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.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
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.
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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