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ADA - Time For Concern?🤔❕ADA vs BTC ❕ ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed. Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC: Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio. _______________________ BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
Short
by CryptoCheck-
3
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Cardano It bounced for the second consecutive session as the coin moved away from the recent support points. After a low of $0.3783 on Friday, ADA/USD rose to a one-day high of $0.3902 to start the weekend. After an unsuccessful breakout attempt, Cardano moved further away from the recent bottom at $0.3775. Bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00. The index is tracking traders at 56.96 with a potential target at 60.00. Should they reach this destination, there are good chances that ADA will trade above $0.4000. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
ADABTC 50% Drop Incoming?We've received a Sell signal through Crypto Tipster v2 on Cardano / Bitcoin on the longer term 2D chart - although there is a level of support right where the market is currently sat, if this level was to break the next support area is a whopping 50% below the current price. The next few days will be critical to watch on this one, a small downward movement beyond this level of support will ultimately break downward for some serious Short profits.
Short
by theCrypster
5
ADABTC Not looking so good 🐻 📉 🐻Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 ADABTC- Weekly Time Frame - Candlestick 📌 Price Action - Fibo - RSI Divergence 📍ADABTC 's chart is not looking very good in every time frame from weekly to 2H. It is completely bearish in every aspect 📍 Price may have already finished its 5th cycle in the white horizontal line and it may see the 0.38% fibo , 0.5% and 0.618% which is the most important one. ✍🏼 A very powerful hidden divergence RSI is very visible to see in the weekly time frame which has already taken the price down ⚠️ HOWEVER, you should not consider this TA as a bearish sign for the ADAUSDT pair itself because it is based on ADABTC pair, and it has 3 meanings: 1- ADA 's price is dumping faster than BTC 's price (Both are going down together, but ADA faster🐻) 2- ADA is not growing as fast as BTC (Both are going up, but BTC faster 🦬) 3- ADA is dumping and BTC is pumping (ADA is going down and BTC is going up) ✍🏼 From EMA point of view, in weekly time frame price has broken 50 EMA and is going as fast as possible to hit the 100 EMA, which is overlap with 0.38% fibo level ✍🏼 In daily time frame a negative cross may occur between 200 and 100 EMA and can be a bearish signal for long term THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER
Short
by C_EWAVE13
4
OverextendedAda looks overextended and I have sold. I will look back at it when my alerts go off around the 2 dollar mark or closer to the cloud. 2 weeks until the release gives it time to cool off for a little bit before the dump begins. This may even be the best time to get out before things get too quick. One thing I've learned over the years is to take my damn profits and to stop being a greedy sob! Ada has made an incredible run if my short fails I've still made great money. Don't lose by being greedy!
Short
by UnknownUnicorn9095095
1
$ADA - keeping this one simpleAscending wedge again similar to BTC 1D, LTC and DOGE LTF setups from yesterday Safest entry is buying a retest of the cap of the ascending triangle which is 1.488 If no retest pick up a HL after the deviation level has been claimed, as this confirms bullish market structure Fundamentally this is a more efficient version of ETH, but at this moment less used Targets shown on screen, for me mainly the 2.0 at $2 and the measure move at $2.3
Long
by InvestmentsHub
2
Peep this ADA Monthly ChartIf you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days. This Monthly chart is very bullish. - Over the course of the last 2.5 months we've established strong support between $1.15-$1 - Bear volume has been weak - Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the public - Cardano is FULLY DECENTRALIZED as of March 31st We may range +- $0.10 over the next 2 weeks before having a performing month in May. However, the Bitcoin chart, on the Monthly, is something you'll want to keep an eye out on. At some point we will have a pullback month much like in the 2017 cycle. Obviously things are vastly different and given the covid situation anything can happen. However, by tracking BTC, it can give more context on the short term movement within the overall macro trend. So, if BTC has a pullback month in May, expect ADA to do the same. Additionally, a pullback from BTC would allow it to establish a Monthly support to which we could then measure the possible target of the next leg up on a Monthly chart.
BINANCE:ADAUSDLong
by tired_man_willis
4
ADA/BTC: Assessing ADA's Insane Parabolic Move 2D (Jul. 27)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ Parabolic moves are extremely common among cryptocurrencies, as there are no market brakes like the stock market. In this analysis, we analyze ADA's insane parabolic move through the parabolic curve model, and assess its probable next moves. Analysis - Firstly, a parabolic move is normally consisted of 4 bases, or phases of consolidation - It starts with the asset consolidating and breaking out, only to consolidate at higher levels - This step continues as the asset keeps breakout out to higher levels during shorter periods of time - Eventually, this leads to the formation of a parabolic trend - In the case of ADA's BTC pair chart, we can see that it has already gone through four phases of consolidation, marked by base numbers - At the end-point of base 3, the asset is normally most likely to double. - ADA has seen a 80%+ move from the end-point of base 3. - As the parabolic trend extends, not only does ADA have a hard time reaching new highs, it also has formed a massive extended bearish divergence - The bearish divergence shows higher highs on the price and lower highs on the Relative Strength Index (RSI) - The Moving Average Convergence Divergence (MACD) shows a potential death cross as the bullish momentum weakens What We Believe We believe that ADA had a phenomenal bullish rally. However, considering the nature of parabolic trends, it's important for traders to wait for further confirmation for a bullish trend negation. Let us know what you think in the comment section below Trade Safe.
Short
by XForceGlobal
12
ADA/M20 (ADA/BTC) Ichimoku 4H possible short ideaADA/M20 Has been doing very well the last week and might very well continue, but some signs point to a short term retraction. On the 4H Chart it seems to have formed a small double top and the Tenkan ( yellow line ) broke the Kijun ( Dark Bleu line ) down which points to a short term bearish movement ( right red circle ). The lagging Span ( purple line ) also gave some confirmation by breaking through the previous prices ( left red circle ). The cloud is thick though which points to strong support and so we need confirmation by breaking the horizontal 1 Kijun with the lagging span and then we could see it test the bottom of the cloud SSB ( red line ) at the horizontal 2 which is a nice move on a leveraged trade. This is not financial advice, manage your risk, and trade carefully! For a 6 month 10% Discount in fees on BITMEX you can use the link below: www.bitmex.com
AShort
by VrotteOtter
ADABTC Buyer recovery before continuation First of all, congratulations to all who followed my ADABTC call ! 10%+ gains a day keeps the doctor away! After letting the dust settle, I will only be looking for SHORT re-entries on ADABTC, will be looking for continuation patterns aswell as weak buyer recovery for confirmation in order to make a final decision on the re-entry. IDEALLY we would be looking at a slow & weak buyer recovery over the next few days up to the golden pocket range for Fibonacci between 0.618-0.65 in order to take our SHORT orders for the next leg down. If bullish buyback seems extra weak, I will be looking to DCA my entries from the 0.5 Fibonacci line upwards to the 0.618-0.65 golden pocket. TP's on the way down we will be looking at structures to the left, 555, 540, 525 & FINAL TP within 507->500 golden pocket zone of our initial swing low to high uptrend. If we reach the zone between 507-500 & the zone holds as support I will re-assess to take LONG's from this retracement. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Short
by Irezumi