ADA showing a huge buying force again, next target is 0,30With BTC losing dominance many alts will pump receiving all that liquidity from BTC.
ETH and ADA could reach their ATH just like BTC did really fast, so even though RSI is in the selling zone it would be wise to hold until it reaches 85 on the RSI,
that rise could happen really fast, so leave your TP set up and SL in the green to make sure to rebuy it again on the retracement.
Please share your thoughts on ADA, I have being waiting a long time for that reaction, what about you?
ADA-USDT
ADA/USDT More Room for Growth in the ChannelADA/USDT has been following this channel since the early days of the Corona-crisis. During the recent influx of volume into the world of crypto this pair has seen some steady growth. I think there's more to be gained here.
My first thought is that the upper trend line of the channel has be to be reached before we'll see any bearish pressure. Best bet would be to wait till the price touches the channel. On the other hand, I'm expecting a lot of bearish pressure around $0.30, so it's probably a better idea to place your exit around that area.
ADA - Test for the Bulls Hello my fellow friends,
I was feeling artsy today, so I made this very colorful for you guys!
Trying to test myself lately so this is an attempt to turn a very bloody day into hopefully a successful one.
Lets see if the bulls can show up from here!
Trade thirsty my friends!
Merry Christmas!
ADA/USDT Has More Growth In StockADA/USDT is currently performing very good, and in my opinion, it has more room for growth.
Since earlier this year we've seen a upward sloping trend line develop. My take would be that this trend line will function as a resistance in the foreseeable future.
I've marked the green area as a potential area to exit your long position, but waiting till the price is close to the trend line is a sold idea as well. Thing is, we don't really know where the trend line will be hit. Therefore, setting a target beforehand will keep your R/R intact and requires less micro-managing.
ADA/USDT 4 Hour ProgressionIt looked like an inverse head and shoulders was forming, and we may be getting resolution of it at the moment. Price went up close to test the resistance level at about .148, we’ll see where this 4 hour candle closes. Looks like we may be coming to a resolution of this symmetrical triangle/bull flag around August 15th. Will Coinbase list ADA around that time, or some other news even happen, and drive ADA higher, or are we overbought, and due for a correction?
ADA has had a history of upward movement, followed by these symmetrical triangle/bull flags over the past few weeks. Are we in the process of repeating the pattern to move higher?
There could also be a larger inverse head and shoulders that I did not indicate on the chart. Leave your thoughts below.
BTC ready for next leg upLike I mentioned on my last analysis, the green support line is BTC salvation for now.
We need to keep ourselves above it to make a move above 10k.
Fear Index at 41 showing me we are still bullish in the short term, specially in the next hour (when China opens).
I am also suggesting buy orders on TROY for now. I did call for a buy in VET when it dropped but I don´t recommend buying now, Link and ADA are the same for now.
What are your thoughts?
Bull pennant for ADAUSDHere is my idea for ADA in the short term. I think as soon as ETH and BTC . Start to slow down or retrace people will take profit and put it into alts that are ready to move up like ADA.
Like and leave comments if you have thoughts on this.
Just my opinion not financial advise.
ADA downtrend brokenOver the past 3 days, Cardano (ADA) has broken out of its downtrend, and is seemingly on the rise once again. Volume is not very high, however, so you may want to wait a bit longer to see a strong bullish trend form before taking a position.
If you go long here, it may be smart to set a stop at around 0.6