Cardano (ADA) • Possible breakout in the makingCardano is looking like its building momentum to break the monthly open resistance. I see current price level as a range with tight invalidation points which offer good RR. setup.
ADABTC
Cardano: Ascending Triangle on 3DWhen we look at Cardano currently in the usual timeframes like the Daily or Weekly, we cannot see much of a clear price action, especially on the Daily.
But once we change that up to the 3D Chart, we can see that the erratic price action disappears, and actually we start to see the clear opens & closes marking the clear tops at 1,30.
To the downside, we can clearly see that we are ascending, which leads to a very nice Ascending Triangle , connecting the wicks. If we leave the wicks out, this still gives us a nice Equilibrium range between 1,30 and 1,10. (see the white line). So in case of a bear break, this line is gonna be important to take out.
The probability of an Ascending Triangle breaking bullish is ofc. higher. The preceding price action is a huge bull pole since the break from 30 cents, we're going sideways for almost two months now. Therefore, a bull break has the potential to go towards 1,70 and above with >20% unleveraged.
Of course it's crucial what grandpa Bitcoin will do from here. Funny enough, Bitcoin too on the Weekly is in an ascending pattern, albeit inside a upward tilted channel.
In the direct correlation to Bitcoin ADA/BTC, we're in a very erratic Bull Pennant:
=> We have been in Bull Pennants against Bitcoin before, and have actually broken them bearish if you go back in time. So there is no automation for a bullish continuation towards Bitcoin. Even if we do that, it doesn't mean that in USD we will be going up. So even in case of a bullish break in ADA/BTC, in USD we could be going lower, but less than BTC. If we break higher obv., we will be outpacing BTC to the upside in USD.
Conclusion : All in all, the patterns are tilted towards bullish continuation both in Cardano & crypto in general. The only problem is, we're still highly overbought on the RSI if we look at bigger timeframes. 3D on ADA has cooled down enough, but the Weekly is still completely in hyperbole. Bitcoin has cooled down from hugely overbought, to still overbought: Not really ideal for a long term continuation. Esp. if we get a weak break & halt at the upper side of the upward channel with BTC at around $66k, the current divergence could be very alarming. And as we know, the high correlation to BTC almost certainly determines the fate of the smaller siblings.
The best case scenario for a longer term bullish continuation in BTC would be a much more prolonged sideways range first -which we will not get if we break higher now.
ADA 10$ COMING - Are you Ready ?I'm going long from here. As you see ADA was on consolidation mode & Now it is very near to break the triangle as like previous. So i'm expecting 10$ - 11$ from here (1.23$). Thank you.
Cardano Ascending triangleRemember the time when everyone was talking about Cardano?
Me neither.
That's the time to buy.
Alonzo testnet --> End of May
Ascending triangle + Relatively oversold
2$ Ada is comingDont loose hope on this giant. Ascending triangle will push it to $2.
$2 ADA is on the way. Hold tight for this new rally.
Bullish on ADA/BTC near termCardano’s ADA showed strong performance this year, beating the 2018 all-time high of $1.2 and surginng even higher.
Yet in BTC terms it was slightly less impressive. In March ADA even lost 20% in BTC terms.
We’ve asked Hybrid Intelligence the following question about ADA’s near-term prospects:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002086 BTC at 09:06 AM UTC at the binance exchange on Friday, April 9. In your opinion, will ADA/BTC trade above 0.00002312 BTC (+10.84%) at any time before April 20?”
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Assurance: 88%
That's clearly a bullish indicator. The target is also within the range that was observed in March. So if the forecast is correct, that would not necessarily be a trend reversal but could simply be a continuation of the sideways trend.
ADABTC Highly CorrelatedSo far ADABTC chart looks a lot like the Bitcoin chart sharing the same dips and explosive growth region. I would suggest that we are not over in this bitcoin bull run and might still see another 10x in the price of bitcoin. An investment in ADABTC would expose you to the increase in the price of bitcoin. It would also increase your store of bitcoin. If it matches the growth of bitcoin for ada then you could see a 10X increase in your supply of bitcoin. When this is combined together we could see a 100X increase by the time of market top.
AADA/BTC is clearly highly correlated with the bitcoin bull runWhen you look at a chart of the yearly increase in bitcoin so far in 2021 and the chart for ada the two are starkly similar. The periods of extreme growth in Feb, March and April and the periods of pull back are very similar.
ADA in addition however is increasing in value related to bitcoin. My trading idea here is that an investment in the alt coin ada all expose you to 1) the increase in price in bitcoin and 2) increase in the amount of bitcoin you own. Potentially I can see another 10X in this market to market top. This would mean and investment here would compound to a 100X return. Who can say no to that?
The set of this is if we see this ticker increase significantly in the next bitcoin explosive move upwards which should be due in April / May 2021.
ADA to break out .... eventuallyADA will eventually break out of the current triangle it find itself in, but there will be one or two downs along the way
AMCD is looking very flat and so is the RSI
Because volume is rather low, this indicates that traders are waiting for a stronger buy signal and are expecting the price to dip a little further, (Holders keep on holding and buyer want to buy lower).
Looking at the fib we are stuck around the 0.618 level, once we break above it we should climb to 0.382 ... and back down again before breaking out for good.
I would probably buy at 0.00002069 and sell around 0.00002450
If you feel adventurous, you could buy at 0.00002069, sell at 0.00002200 and buy again at 0.00002100
Given that the price if BTC will go up and down in that time, it is not an unrealistic scenario.
ADA BTC Price Consolidation ready for a run to the topBreakout above the trend line and 2095 with an increase in volume should confirm pitchfork momentum to the upside.
First TP levels at 2153, with a good chance of a push through to 2195.
ADA - Buy Cardano before next huge pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
ADA buy zone and danger zoneBTC looking to retest the 55k area. I think ADA could move to the support line when that happens. This would present a possible buy opportunity with a very tight stop loss in case BTC decides to go lower.
Cardano, ADA - big chance to drop ⬇️For 10 days the price was in the range. Yesterday the price made a false breakout, thereby taking away the stop losses of all traders who were shorting. As for me, it's a pattern for dropping.
ADA - Buy Cardano before next huge pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
ADA - Buy Cardano before next pump! 🚀ADA is coin with one of the biggest mc from our golden altcoins list on long term. It is very good project, price is after little correction and it may be good time to buy. Our strategy says to buy in many parts - so If you are interested in this coin we advise to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk. However altcoins season is on and ADA can pump very soon too!
ADA holders can stake it to get free ADA on Exodus wallet and in few other places.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success
ADA diamond pattern, bullishit looks like this could be a bullish diamond pattern.
not financial advice
