Cardano

Supremacy

Strong

Pyth Network

<p>The price of the Cardano (ADA) cryptocurrency has been falling for the past three days, interrupting its previous two weeks of gains. Adding to the negative momentum, a key technical indicator is now flashing a sell signal that could foreshadow further declines ahead.</p> 
<p>According to <a href="https://twitter.com/ali_charts/status/1760972502132535740?s=20" target="_blank" rel="nofollow">crypto analyst Ali (@ali_charts)</a>, the TD Sequential indicator has printed a sell signal on the Cardano 3-day price chart. As Ali explains, “It’s important to note that the last two times this indicator signaled bearish, ADA experienced a price correction!”</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="689" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-1024x689.png" alt="" class="wp-image-442815" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-1024x689.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-300x202.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-768x517.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-1536x1034.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-2048x1379.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-223x150.png 223w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-520x350.png 520w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874-788x530.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-874.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The TD Sequential is a technical analysis indicator that attempts to identify exhausted trends and reversal points. So based on past performance, this fresh sell signal likely means traders should prepare for more downward price action for <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank">Cardano</a> in the short term.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Of course, indicators cannot perfectly predict the future. However, given Cardano’s multi-day losing streak and the indicator’s historical accuracy, the odds seem to favor a continuation of the price correction in the near term. Traders may want to adjust stop losses or avoid opening new long positions until an uptrend resumes.</p> 
<p>In summary, Cardano is flashing warning signs of further losses ahead. The cryptocurrency has already posted three straight daily declines, and a key indicator called the TD Sequential is now pointing to a sellers’ market as well. Traders will want to keep a close eye on the charts in the coming days and exercise caution until bullish momentum returns.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/ripple-analyst-predicts-5-85-xrp-as-next-target-in-ongoing-bull-run-but-theres-a-catch/" target="_blank">Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch</a></li> 
 <li><a href="https://captainaltcoin.com/defi-whale-activity-fuels-spell-tokens-price-explosion-expert-points-to-more-upside-here-is-his-outlook/" target="_blank">DeFi Whale Activity Fuels Spell Token’s Price Explosion: Expert Points To More Upside – Here is His Outlook</a></li> 
 <li><a href="https://captainaltcoin.com/deestream-dsts-potential-could-take-on-pyth-network-pyth-and-cardano-ada-in-battle-for-chart-supremacy/" target="_blank">DeeStream (DST)’s Potential Could Take on Pyth Network (PYTH) and Cardano (ADA) in Battle for Chart Supremacy</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/this-indicator-with-strong-track-record-flashes-sell-for-cardanos-ada/">This Indicator with Strong Track Record Flashes ‘Sell’ for Cardano’s ADA</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This Indicator with Strong Track Record Flashes ‘Sell’ for Cardano’s ADA

목차

CaptainAltcoin

2024년 2월 23일에 게재된 다른 기사

Top Selling NFTs This Week – Bored Apes And Pudgy Penguins Take The Top Spot

Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000

Ethereum: A Whale Destabilizes Market with Breathtaking Investment

Dogecoin Makes a Comeback: $10 in Sight as Bull Run Echoes 2020 Surge

Ethereum Layer-2s About To Take Off, Says Coin Bureau’s Guy Turner – Here Are His Top Picks

Ethereum Support from Coinbase to Grayscale! "Ethereum is Not a Security, It's Almost the Same as...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!