Cardano ADA/BTC Trade Opportunity ADA/BTC
Keeping it simple
▫️ 4th time ever weekly RSI was this over sold
▫️ 116 week High to Low completing 20th Nov
▫️ Breakout window 20th Nov 2023 - 29th Jan 2024
▫️ Bull trend confirmation = break above 50 week SMA
▫️ Great risk/reward here, stop under diagonal support
And then PATIENCE
Adabtcsignal
ADA/BTC has started its move!!!GUYS, im excited to share this with you! This is a falling wedge on the daily timeframe of ADA/BTC and we are on the verge of breaking it this time. Whether we break it today or get rejected today, there is one thing thats guaranteed and its that the breakout is inevitable. a breakdown should be impossible as it would mean that ada/btc would drop to like 0.00001 and below. People that call ada trash might probably say it IS going 0.00001 but i dont see it possible. The more hate ada gets the more bullish that is. The breakout target of the falling wedge is 0.00003. ADA TO THE MOON
Hope for ADA against BTC!!?We are still anticipating Cardanos move against BTC, we have been moving super flat over the last month or so along the 1 FIB level and we are yet to see any sign of any move in either direction, we had a couple days with nice green candles but other than that nothing. Now we have 2 scenarios in my opinion, im leaning on the bullish one where we have strong moves to the upside, due to the fact that BTC dominance looks very bearish and i beleive altseason is coming.
The other scenario that could play out is the very bearish one which would be a huge fall i personally think, we have a huge gap below this support line we are currently on, it is shown by the red shaded "danger zone", we have absolutely no support in this gap, we have very light support at the first green line, it is faded because its not very strong. we may possibly have another level of support slightly above that but i wouldn't even count it as support due to there only being 2 candle touches. We have strong support about 22% downwards, most likely support that holds, the other issue if Cardano fell below into this danger zone and all the way down to our strong support is, we would almost be erasing all of the progress we have gained against BTC, not all of it but a significant portion.
Now follow along and as i go through the indicators we will be looking at the bullish scenario, the opposite would be true for the bearish. So the bollinger bands one of the indicators that is giving me the most hope, we are in a massive accumulation zone and since we have been following this for some time the bands have squeezed down on price action and a ton more than it has on other coins, and everytime this happens it is only a matter of time before we have a super explosive move, the thing is we don't see what direction that might be. The RSI has been travelling along in the confirmed downtrend area, but we are actually seeing a ascending channel, we rejected off of the top recently and now coming to the downside but the positive thing is that we could see this lead us back up into the uptrend zone above the midline! Now the ADX, we are slowly but surely coming downwards on a clear downtrend but the positive here is that we are approaching support at 16.2 and we could very possibly getting a bounce and we could be looking at a reversal, this would be key for ADA, both a reversal here and a reentry of the uptrend zone on the RSI would likely give us that bullish boost we need to get back up and running, Keep in mind too if BTC dominance continues falling that would also help a lot! Not financial advice just my opinion!
ADABTCADABTC WEEKLY chart review. very heavy overhead resistance, and supply zone for ADABTC. limited upside from here. CARDANO 40%+ CORRECTION SOON. be careful / don't get caught up. CORRECTION MODE SOON. expecting correction/pullback mode. previously maxed out and distribution wave 2 break down. STAGE2 DUMP pending soon, weak bounce possible from here. market not ready for BULL RUN yet. correction MODE to extend into SEPT/OCT 2021.
ACABTC Entries Exits and Take Profits!ACABTC Entries Exits and Take Profits! - We're currently in a Range and this is how you trade a Range. Remember this is just and idea so make sure to do your own research and Technical Analysis before entering any trades.
Some levels to watchHello everyone, I hope you're doing well
Small update for ADA.
I was expecting a correction after hitting the 2$ mark but the volatility and the equilibrium formed at Bitecoin decided to push BTC/usd to oversold territory on the daily. A similar event can be seen on ADA/USDT where we have hit 30 points at the RSI for a brief oversold instant. I don't think this is over in USDT terms, Bitcoin has a big opportunity to go oversold and play the 41000$ support, this could lead to a potential correction for ADA in the 0.70$ /0.80$ area where two big supports stands. If this will happen, it should occur during the next 5 or 6 days or if the weekly candle closes under 1.03$ looking for the support of the EMA 26 currently at 0.75$. I don't really expect this now, as maybe this kind sounds crazy, because ADA didn't went parabolic yet to see a monthly consolidation (as other coins did like Theta or ENJ).
On the short term the 4 hrs and 12 hrs are not looking great. We have at the 4 hrs for the first time since September a bear cross of the EMAS 12 and 26 under the 200 and a test of the support on the 12 hrs of the MA 200 and EMA 200 suggesting a weekly consolidation (and so a touch of the EMA 26 on the weekly). On the 12 hrs (I don't have the timeframe to show) we can also see that the next support is at 0.80$ where if it closes there we will be oversold on the RSI.
Daily ADA/USDT
Weekly ADA/USDT
4hrs ADA/USDT
But here we are concerned about ADA/BTC. Despite the bearish (shorterm) perspective of ADA/USDT. ADA/BTC is not bearish. On the daily we can see that the trend is currently holding well over the EMA 26 and trading in a triangle. This triangle has strong possibilities to break bullish due to fundamentals next week (and the weekly close, see weekly hart) or in the worst case to continue sideways following the correlation with bitcoin. This correlation is presents since the start of March. In case of a bullish breakout we can anticipate that the dynamical resistances in green will form a local top, this is the major resistances to break if we want to see 4100 sats and a possible wick to 6000 sats.
On the short term we can see that the 4 hrs is very likely anticipating a big move in the next days, I expect to see it happen Monday (26) or the next day for the break of this triangle. Meanwhile the 4hrs should hold the trend over the EMA 200, if it goes under it the likelihood for a break downward are increased. In that case 1870 sats is an important level.
ADA/BTC weekly
4Hrs ADA/BTC
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?
Dear followers, the best "Thank you" will be your likes and comments!
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!
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 - The sidewall is a year long. On a weekly timeframe.
Divergence has stopped the downtrend.
Cheap EOS for BTC has been accumulating for almost one year.
Exit from the side movement will give a decent growth.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
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!