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[DS] Crypto ADA Analyze (Cardano) - Target USD 1.00

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BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
As we can see in the chart the cryptocurrency ADA (Cardano) since 12/23/2020 shows an upward trend in prices and through technical analysis based on
1) Theory of Charles Dow
2) Cyclic lines (blue)
3) LTB - Downtrend line (red)
4) LTA - Uptrendline (green),
5) Consolidation levels (orange)
6) Price position in relation to Double Exponential Moving Avarage ( DEMA 72 - black)
7) Resistance breaking points

This asset has strong technical indications that in the coming months, it may be possible that the price will reach the target of USD 1.00 per unit.

According to the principle of Charles Dowm Trends Persist Until a Clear Reversal Occurs

This is not a recommendation to purchase only an analysis based on indicators.

█ EXTEND YOUR KNOWLEDGE

(1) What is Ada?
A new type of currency. A new means of transaction. Direct. Secure. From Anywhere. For Everyone.
Ada is the native token of Cardano

It is named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer, and is the daughter of the poet Lord Byron.

Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain. Every ada holder also holds a stake in the Cardano network. Ada stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards. In time, ada will also be usable for a variety of applications and services on the Cardano platform.

(2) What is Cardano?
Cardano is a decentralized third-generation proof-of-stake blockchain platform and home to the ada cryptocurrency. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. Caradano is the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. With a leading team of engineers, Cardano exists to individuals – and be an enabling force for positive change and progress.

Souce of Information : website Cardano | Home
Trade ativo: ADA hit First Target 0.65 - 2021-02-06 22:40ha
Trade ativo: ADA cross Target 2 (0.75 USD) and is very close to reaching Target 3 (1.00 USD). According to my new analyze if continuing the bullish confirmation the price could be reach 2.00 USD until April when Cardano's protocol delivers the smart contracts in the FASE Goguen. These contracts will be cheaper than Ethereum's smart contracts.

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