Cardano (ADA) Price Prediction – Where Will Cardano Go Next?

by birtanpublished on September 16, 2020

welcome everyone to hfn today is july the 31st 2020 and this is our update for cardone paired against the usd on the finest exchange

Now this is your first time watching our video you guys appreciate our content and how simplistic our voice is how simplistic our jargon is relating to price forecasts and predictions make

Sure you continue to support our channel by liking the video sharing the video and then subscribe to our channel now the next thing that you will want to do is to come on over to our website

At hughfinancial.com join become a member and you have access to all of our other predictions and forecasts within the cryptocurrency space stock market or any other news worthy

Information that we feel our members should know about so make sure you guys continue to go ahead and do that as well so now we're going to talk about cardona last time they are visited for cardona was on the 28th

And a lot of peoples were i mean a lot of people were looking at the market in cardona to shoot up a lot higher due to the shelly harford that was to occur and that has gone and passed and the market literally

Is still maintaining the price range that it had from the last two or three days so now the question that you need to ask yourself is

Well can the marketing card dollar continue to move higher in price the simple answer is yes why because the market in cardano is still trading above this ascending line it's simple so don't let nobody else

Try to throw you off your square because the market is still trading above this ascending line now on our last video we were expecting a market in cardona to go to the downside just a little bit

And maybe about two days a day and a half after we released that video the market in cardona shot higher in price and it still found restriction right here around 15 cents

So this is your next thing the market will not be moving higher in cardona until it breaks above 15 cents period so can can the market move higher in cardone yes why because it's still training

Above that line the ascended line can the market move higher in cardinal well no if it's not able to break above 15 cents so that is the conundrum that the market is

Dealing with currently as of this recording those two areas will be the battleground between the market trapper and everyone else in the space so literally expect this type of price

Action to continue in cardona literally seeing it trade in this range so let me show you we have found the forecast area in the market for cardona which is right here now we are in our

Forecast looking a little bit lower than that forecast area that we have just drawn and it goes like that we're human okay so understand that but this is the forecast area for the market in cardano now let's take a look at cardona on a

Hourly time frame real quick and you guys can tell that the market is not is here or there i mean it's not eye-popping and showing us man yes the market is weak or it's not showing us the market is

Strong it's neither it's just stagnant it's just trading sideways and opportunities like this gives everyone the opportunity to reevaluate their own particular strategy and their own plan

Before the next major move occurs in this currency so you all need to do that in your own particular situation all right

Looking at cardona on the three-hour chart and again i really don't see a lot going on into the marketing card down to substantiate you know the market giving us a lot of

Weakness so based off what we did in our forecast last we might want to just go ahead and take this off as a loss and just go ahead and expect the marketing card dollar to

Trade sideways you know we have what two days and four hours left before the market ends in cardano and we're already seeing about the same amount of volume

From what we saw the last two weeks and the spread is a lot smaller than what occurred last week so that 15 cent area i'm telling you now is real weak i mean it's real strong excuse me the market in cardinal

At 15 cents is real strong it is holding back the market from breaking up above that level plain and simple all right

So what we're going to do into the market any car down we're going to continue to keep our forecast here though uh because when i look at on a daily basis you remember on our last video i

Told you all that the volume was excruciating higher than what we've been accustomed to on the 25th 26th and the 27th the market weakness is definitely still controlling the space right now

So i mean we i can increase the restriction area all up here around 15 cents and just encompass this whole area but i'm not going to do it i'm just going to keep it

The same as what we talked about on july 28th for cardano the weakness is still here if the shelley hard fork was going to be such a magnificent thing in this space the market would have

Already reacted to that hard fork occurring and i would beg to differ that the market has already anticipated that hard fork to occur all the way back here towards the ending

Of june and the beginning half of july it has already priced that in and that's why we're not seeing that excitement that so many people expected cardona to do once this harford

Came to fruition and passed so what else is in store to try to catapult the market for cardano let us know with a comment in the comment section but generally looking at this price

Action over the last couple of days the weakness is still here we don't have a trigger here yet to substantiate that the market will continue to see a bigger move higher in price until price breaks above 15 cents

Until that point we're going to trade sideways and increase the probability of cardano moving lower which is one reason why we're going to continue to have our forecast as a no change now

Our tp on that last video that we did on the 28th was at 13 cents now i left a comment on that video stating that the market may actually come down to around 13 and a half

And it did that today the market came all the way down to 13 and a half cents today but i'm going to continue to hold out the market for 13 cents for some support as our tp area

anything lower than that would definitely insinuate that that trend that cardona was in is now being broken okay so i'm definitely expecting a market trapper to continue to test this

Area in cardone over the next couple of days simple so we're not going to mess with our forecast we want to keep it the same until we see a lot more strength enter the space

And it's just not reflecting itself right now questions comments let us know make sure you maintain a profitability and then again join us on our website

Hefinancial.com

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