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Cardano (ADA) Correction Might Be In Its Final Stages

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency is close to finish its correction and will likely find a bottom around mid August, if it trades with the same momentum. RSI conditions for ADA/BTC still show price action to be in downtrend even as it nears oversold conditions. Wave trend analysis for the same chart shows that the price is likely to trade lower in the next few weeks until a bottom is found. Cardano (ADA) has so far respected lower limits of the pitchfork it is...

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The Future Of Cardano

The team at Cardano are desiring to see success in 2018. Their goals include the rollout of a system for smart contracts which could potentially represent multiple improvements for the Ethereum blockchain and if it proves to be successful this could be huge. Charles Hoskinson, a former Ethereum developer and high up in the ranks of the company isn’t afraid to talk about touting the supposed superiority of Ouroboros. In April, Hoskinson said that Proof-of-Stake has been “solved”. Cardano is hopeful that there will be vital improvements over Ethereum both in terms of the consensus protocol and a smart contract...

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Google Approach Cardano In Promising Move For Crypto Adoption

Cardano have recently uploaded a full report which discusses a conversation between Charles Hoskinson and a number of Google officials at their office in London. This, came about as a result of an invitation from Google to Hoskinson to come to the Google UK HQ to talk about how Cardano and Google could potentially work together to mutually benefit each others operations. You can see a full transcript and Q&A report of the meeting here- https://iohk.io/blog/iohk-make-a-visit-to-googles-london-offices/ We aren’t going to break down what Hoskinson has told Google, as all of the information can be found on the IOHK website, however...

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Market Update - Bitcoin, Ripple XRP And Cardano Back Down

After a full day of positive movements, the markets have retreated back to their usual negative trajectory, proving that the early optimism of the week can be put down to nothing more than a period of correction. As a result of this, the markets have entered a negative slide suggesting that today will see further retraction. Values are moving back down and thus, the bears are still in control. It is unfortunate that we are starting July this way. We had hoped that after two fairly negative months, July would be the month to see prices shoot up again, yet...

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Cardano (ADA) Is On The Verge Of A Potential Reversal

Cardano (ADA) is currently the only top 10 coin to have broken market structure. It has been trading in a falling wedge since the beginning of May. Prior to that, Cardano (ADA) was trading in a bullish channel since the beginning of March. However, an overextended correction dragged prices below the bullish channel while continuing in the falling wedge. In the past few days, Cardano (ADA) has broken out of that falling wedge. The EMA alignment is still bearish but price action points to a potential reversal up ahead in the next few weeks. Cardano (ADA) despite being a top...

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