Cardano (ADA) formed bullish Butterfly for upto 13.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin.
On a 4-hr time frame, ADA has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Adabitcoin
ADABTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. You can see that the price has broken our resistance line S2 and has made its correction to the support line S1. If the price stabilizes above the S1 line, you can buy it here for the shown target. If it goes below the S1 line the next support would be the S2 line where you can buy.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
💡Don't miss the great buy opportunity in ADABTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.00000990
TP2= @ 0.00001150
TP3= @ 0.00001290
TP4= @ 0.00001590
TP5= @ 0.00001847
TP6= @ 0.00002290
SL= Break below S2
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#ADA/BTC (June 16)Yesterday ADA made a flash dump to re-test the support around 700sts and then went up above 800sts again.
This action seems to indicate that ADA is actually preparing for the next pump, and we should hold ADA for higher targets like 1000sts and 1100sts
The uptrend of ADA will be broken if falling down from the 700sts zone
🚨 Cardano 3day Doji. (ADA)💰Cardano had a beautiful run up as you can see the smooth buy transition from the Crossover strategy and the ema dots indicators. But now we are seeing a reversal doji.
This doji notice is turning right above a previous high and now will test that high to see if it is valid support to push the market higher. 0.070 cents must hold!
Let the Crossover strategy and the ema dots close below to look for a selloff.
Best of luck to you, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
ADA next move will be up or down?Hello Traders,
We are constantly monitoring ADA, it is forming a bullish accumulation pattern on resistance zone or reversing at this resistance level?
Based on intraday timeframes we can see the price more entering in a correction mode them uptrend mode.
Which direction do you think is going to be?
I personally don't know, but I can see a clearly buying point above this resistance line.
Please like this post and comment.
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ADABTC: Crushed the first resistance ADABTC broke the first resistance and moves to the second.
I'm in a position from 478 satoshis, as I described in the previous idea. And I think I take a risk and wait for a second target.
If you waiting for a pullback to buy it, I think the best zone will be 540 satoshis (purple line) based on previous support tests.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
ADABTC parabolic following inverted H&SI was dumbfounded to see that I hadn't done many publications on cardano (not since last december) and given that it's one of my favorite alts with a solid roadmap, great team of devs & a genuine whitepaper alongside KYC transparency & Charles' vision for what is essentially XRP on steroids...
Personally, I read the whitepapers, roadmaps, research devs & budgets, supply & demand, consumer confidence, etc. among other variables on ANY/EVERY coin and/or token before I take a major (or even minor) position -- I cannot stress this enough. You wouldn't buy a product or service if you didnt' know what it did, would you? You wouldn't buy a stock for a company you've never heard of, right?
So it baffles my mind how so many "traders" will take such large entries on alts with >=500 mil in global mkt cap & have NO idea what that alt is other than the name/symbol/logo avatar. If you're day trading, youre gambling. If you're swing trading alts you've never heard of -- it's no different. Some of you wallst tycoons -- traditional instutionatal investors; beit stocks/real estate/commodities/whatever; seem to make this mistake so often I cannot begin to tell you (if I had 1 satoshi for every time i've seen it) a forex trader with decades of experience dives headfirst & tosses half his liquidity into a shitcoin only to get stomped out of the market during bedtime.
This is what makes stop losses so essential. This is why I hammer on the red horizontal as the QUINTESSENTIAL KEY ONE; with TP 1-3 or 4 green horizontals ALL PROSPECTS, NOT GUARANTEES. It's common sense to buy low & sell high, yet nobody does it. Case in point: Q417/Q118 I had about everyone and their mother blowing up my phone asking "teach me about crypto" "what's this about bitcoin" etc. etc. yet when we bottomed at the mid-end of Q4 during cryptowinter at $3700, I had LITERALLY 0 people ask me about crypto ONLY for that number to surge to about a half dozen people when we capped at 10K earlier in Q1.
Ultimately a good trader is not just one who only exhibits a great deal of knowledge, experience, research & practice. These are all prerequisites (and a given at that) yet the only way to make money in this "wild west of wallst" as I like to call it is to formulate a strategy, stay disciplined, NEVER FOMO/FUD, and DON"T DEVIATE FROM THAT STRATEGY. ALWAYS set stop losses and you'll be golden.
I implore anyone whose still struggling to get their footing to checkout my "10 Crypto Commandments" (which Il'l post below) as it has been an invaluable guide & the sole compass that has reaped the majority of my ROI for the past 12 consecutive quarters (even during cryptowinter) where I've managed to net positive on BTC gains.
I implore anyone to read it -- truly, it's something I really lean on as these 10 rules are my biblical goto guide for all things forex crypto trading. I can honestly say had someone provided me with a formula for trading asimilar or exactly like my 10 crypto commandments -- I'd have saved myself tens of thousands of dollars in painful trial/error "learning experience" losses...to date it's only been more fine tuned & anyone who has the mental fortitude and real passion for a full time career in crypto/blockchain I suggest you think twice & fully immerse yourself in what it is you're getting yourself into and if its for the "lambos" than you best turn around now and save yourself a world of hurt (and paper) so with this guide, something I highlight in my bi-quarterly crash course and teach to my cohorts as it is the 10 crypto commandments for a reason: each rule is a check/balance on the former or latter & the collective culminates into an effective always win never lose strategy GIVEN that you never PIVOT or DEVIATE -- but I digress, if you're curious to read more simply DM me on twitter/linkdeln or check it out below. it truly is invaluable in terms of the points I really press on and the mental fortitude necessary to survive in this game.
Now why did I refer to cardano as XRP on steroids?
One of the core missions of the Cardano project is to develop a decentralized blockchain and cryptocurrency with smart contract capability, as well as delivering more advanced features than any protocol out there. Cardano has made financial smart contracts simpler through the Marlowe Project. Marlowe does this by allowing the user to write financial smart contracts by simply visually composing known building blocks. The existing building block toolbox has three categories: observations, contract and the money to be transferred in ADA.
Evidently one day Marlow will be used to faciliate & simplify the creation of nodes & smart contracts to power cross-border payments or even peer-to-peer automated payments.
Looking at the future of Cardano, the smart contract capability on the Cardano platform could create something similar or better than Ripple’s xRapid.
So picture an untapped market of roughly 2-3 billion between India/Southeast Asia & parts of China: cardano (much like OmiseGO) are two tokens that I've always favored & to this day keep in my SUPERLONG portfolio in my vault/nano which mainly consists of low risk/low reward coins/tokens and has a cookie cutter diversified portfolio that is set to HODL until Q32022 -- at which point I would have not only accrued X where X = price of assets in the portfolio but also +43% APY which (between Blockfi, MCO, P2P, OTC, and other lending methods) I've created a NO risk ALL reward total of almost 45% guaranteeing a 150% increase in each asset while time runs its course.
So the hope there is that (hypothetically speaking, XRP -- one of the tokens in that portfolio --- I loaded up 100,000 XRP at $0.04 a token a long while back and while it has increased tremendously, I firmly believe it'll increase exponentially by Q32022 & by Q42022 that one portfolio alone should be able to secure my mortgage....though I digress.
I try to include a little writeup/oped for you folks as everyone else is just drawing lines & projecting analysis -- i want to highlight that since 2015 I always have and always will be focused on education, integration, global adoption.
I'm considering starting a youtube channel -- though still deliberating. I'll get back to you all on that. But without further adieu: your Cardano signal:
STOP 479
TP1 506
TP2 514
TP3 526
Keep in mind all indicators are working in our favor though as BTCUSD continues to trend sideways market volatility can swing the pendulum in either direction -- so SET THE STOP LOSS & BE VIGILANT!!
Peace & Love
#WednesdayWisdom
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Have a wonderful day!
ADABTC formed bullish BAT | Upto 16% bullish moveHi folks, hope you are doing well. In my previous post on Cardano with Bitcoin pair we have seen that the ADA had completed the formation of bullish BAT pattern. This chart was based on 12 hour time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level.
Then we have witnessed that the price action moved up and entered in the target sell zone. This time the Cardano gave more than 20% profit for its traders on a short term 12 hour chart.
A new harmonic BAT pattern:
This time again on 12 hour chart ADA has formed another harmonic bullish BAT pattern and entered in potential reversal zone. And giving another chance to earn more profits.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci level.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00000441 to 0.00000431 sats
Sell between: 0.00000465 to 0.00000501 sats
So this short term trade can has capacity to produce upto 16% profit.
Stop Loss:
The potential reversal zone area that is up to to 0.00000431 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
ADA ANALYSIS: COMING DOWN TO MAJOR SUPPORT!ADA ANALYSIS:
ADA is sitting on a red daily wick just above the 200MA after bounce off it at 506 sats. I expect this to hold, as RSI and Stoch both dipped well into oversold territory. Sellers should exhaust nearing low 500 sat levels, im specifically looking for the volume on sell end to decrease. A did below 200MA would be a full drawback to major support near Mid 450 sat levels. Given 200MA Does hold here, look for the push to T1 at 100MA of 531 sats, T2 at 564 sats, and finally T3 at 598. This is a long term outlook, do not expect targets to be hit overnight. The selloff was severe recently, so we have to confirm a green daily wick hold before we can successfully push UP.
Possible Entries: 515-519 sats
ADA ANALYSIS (MOMENTUM IS STRONG!)ADA/BTC
ADA has had a major run hitting a triple top of almost 540 sats! This is inside the daily resistance and a known point of rejection and retrace. ADA has been backed by a very solid growth in volume and buyers look hungry. I would like to see a pull back towards the yellow box for a prime entry near 500-510 sats. If this spot can hold as a temporary support, then it is easy to see ADA break 600 sats within the coming month. This could be a long term play. Again, look for the yellow box to hold as a temporary support, IF we see a retrace that will be the buy in. T1 is located at 545 sats, T2 at 566 sats, and T3 at 582 sats. T3 being at near top of resistance, I expect some turmoil and minor correction here.
Possible Entries: 500-510 sats