$ADABTC the most simplistic analysisAs we say in Mexico, "una imágen dice más, que mil palabras" (an image says more than a thousand words)
$ADA is a great project and in my opinion, today is highly undervalued.
Let´s see how far it goes.
Remember, this is not a financial advise....DYOR.
Stay safe....happy trades!
Adabtclong
ADA.BTC (Y20.P6.E1).Bottom is in?Hi All,
With yesterdays capitulation, it is a good sign that the bottom is in for many coins, at this point, I'm thinking ADA and ETH.
My TA on this chart:
> It makes sense that the previous accumulation zone for ADA would be the level of strong support, yellow zone to the previous rally.
> It makes sense that the support area will be above this area, as per my buy zone
> I have the Inverted BARR strategy cycle starting as per my chart, meaning the cycle started here and will end up here for then next round. So far it has confluence on this.
> I have the top down trend line making a strong resistance, confluence with my ABCDE reversal pattern and fib levels as well.
> With the daily indicators, I have them crossing over on the daily, giving a positive sign as the bottom is in.
> Having a bullish divergence after a capitulation on the daily along a support line with a bullish engulfing candle is a strong business case.
Hence I'm bullish now on ADA.
I also have the ADA.USDT matching this bottom reversal formation, I will post this separately but here is the chart.
ADA.BTC Daily chart with indicator focus:
Please give me a like or tick for this post.
Regards,
S.SAri
ADABTC - false breakoutPrecondition for the false breakout
If the price by an impulse flies near the level.
fall for a long time.
rebound from the mirror level.
do you agree with me?
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These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
Risky profit 20% during BTC consolidationBased on my experience, all altcoins can only be traded in BTC pair. Because BTC is growing.
Currently, BTC looks good and will show us consolidation during the next few days/weeks. Maybe month. Nobody knows. We know only one thing that even BTC going to 12400 is just a consolidation. And of course, you can try to trade BTC on the small movement, but usually, this gives you either low-profit percentages or even liquidation.
But if you still want to enter a risky deal, then at the moment it is better to use altcoins.
This is not the best deal, but altcoins usually show gains when bitcoin consolidates.
So try to enter low as possible in the zone: 0.0000068 - 0.0000062
You can use limit orders.
Take a profit: 0.00000770 and 0.0000090
Stop the loss If any 1D or 1W candle close below 0.0000061
Please note that altcoins are very dangerous. They will be safer when Bitcoin reaches its all-time high. Enter only 5-7% of your capital.
ADABTC - Healthy Retracement - 77%-88% TargetI'm bullish for reasons:
1. It's a retracement after the previous uptrend and it bounced between .382 and .5 RED fib
2. Creates Bullish Divergence in 4H
3. HL on Price and LL on RSI for Daily which is a sign of trend continuation
4. HH for 1H and testing previous LH as resistance
5. Buy volume is almost average volume in 4H
6. Doji in Daily
Price can go lower between .5 and .618 RED fib and still a good area to buy.
If price falls below .618 and turns resistance, we'll be bearish.
Targets:
TP1: .5 Blue Fib
TP2: .382 Blue Fib
TP3: .382 Red Fib Ex (2000)
Private Charts can be accessed here: pastebin.com/TfJD0rJJ
Note: I don't put too many lines in my latest charts than my previous as LESS is MORE.
Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so.
All my posts are my own opinion and any decisions, investments, or risks you take as a result of following
my posts are your own responsibility.
I cannot be held responsible for any decisions you make as a result of following my posts.
ADABTC can run upto 250% Potential Gains The Chart currently shows ADA (Cardano) has the Profit Potentials of Around 250% and above according to charts with the price playing above EMA200 and the ADA has few very strong Fundamentals coming in near future.
As we have seen ADA being Strongly Bullish for Month of MAY JUNE & JULY just after the announcement of its SHELLY Upgrade.
They IOHK team is now gearing up for its Another Upgrades to Gougan & Voltaire in near future enabling Smart Contracts & the rumors of Coinbase Listing.
Apart from Fundamentals we can surely See the Charts Showing Good Entry Points Given In Blue Markings & The Green Lines Can be Good TP's.
Thanks
Aanuj Tated.
This is Not Financial Advice. DYOR
Cardano Rests On Support | I Am Extremely BullishIn my previous post about BINANCE:ADABTC , I mentioned that Cardano came down to the support zone for the first time since september 2018. At that point, the price just came down to support an made a slight recovery from it.
The week has passed and this week is also coming to an end and Cardano is still resting on support which is extremely bullish. Right now we can see the 21 EMA (the white line) come up. In the history of cardano, the ema provided the currency with support and resistance. So what i would like to see is that the price would come down to the ema which at that point is in the green support zone. This would reinforce the idea that Cardano would go up from here.
To summarize: I am extremely bullish on cardano. Cardano hit support for the first time since september 2018 and right now it is resting on it. We also have the 21 ema creeping up to provide more support for cardano.
ADA/BTC Makes Contact With Long Term SupportBINANCE:ADABTC Has made contact with the green support zone for the first time in September 2018. Ever since then, it had flirted with the zone till the break of june 2019. The support zone hasn't been touched since june 2020 where it has been made resistance. However, the price quickly rose and finally, in this correction, the price has made the zone support again. This makes me extremely bullish for Cardano in the long term. This does not mean the price can't go lower on the short term. The zone goes all the way back to 1000 satochi, which is 15% lower from the current price. However if the price can stay above the green support zone, then good good prices will be reached for this cryptocurrency.
ADA (Cardano) Looking BullishMonthly level has been touched first in the form of green candle.
Monthly level was tested 1st time in the form of red candle.
It means two tests have been rejected.
At the same time the red candle is going to test monthly support level at 1254.
So 1486 is the monthly resistance where as monthly support is at 1254.
As Monthly level 1254 had been broken so it is normal to retrace back to test the 1254 zone which would have become support.
Analysis says that ADA is going to retrace back after testing the support at 1254.
I have described almost all the possible situation.
Now you can trade according to the analysis.
If you want to enter into ADA trade, just wait for ADA to test 1254 level. If it is rejected from 1254 then it would be a Bullish move.
ADA.BTC (Y20.P3.E3).Depends if BTC can holdHi,
If BTC can hold the 9k level as per my previous post, then ADA against BTC has another level up to go.
So lets look for that bullish candle at this level to jump back in.
From a weekly perspective, we still have a bullish indicator from the Phoniex indicator (against BTC) so I'm still going to go long with my ADA.
Just going to look for another entry point, maybe here to have more, along with LINK, Tesoz, ETH, etc.
Cheers,
S.Sari
Monthly chart, we have a strong monthly resistance level as the barrier.
From a weekly perspective, we still have a bullish indicator from the Phoniex indicator,
Previous BTC Post
Previous ADA.BTC post
Here we areAs we have continued to update in the past days, we have seen the break of the longterm resistance (red) and the midterm resistance at 907 sats. The last was triggered by the second green candle after a succeful test and holding of the now new support at 907 sats. The first one got a succeful breakout on the second green candle of the weekly.
We were playing the monthly since the beginning of the move in May and now we are looking to test the ema 26 arround 1273 sats.
Remember, we still have 27 days to do it, but the ADA/usdt is very close to the resistance at 0.10600$.
It's very likely to see that resistance to break in the coming days or next week.
Monthly USDT resistance at 0.1107$
RSI is the only indicator overextended right now under 80 and the 3D is a little over 80. So we may expect a move in 4 or 5 days to cool it off around 1000 sats and on the usdt side we still have a lot of room. It looks like we will have a small bounce on the support at btc dominance and bitcoin will move up in the 9500 $ area.
Be aware this is just an analysis