Adalong
ADA to retest 0.17$ to 0.20$. ADA on the weekly chartA retest to 0.17$ - 0.20$ could form a relative bullish ascending triangle and also a completion of a 2 year cup and handle.
BTC dominance topping could be a catalyst for a breakout and BTC inching closer to 20k.
Cardano - Daily Update Bottom Line: Watching for evidence the wave ii of (i) correction ended.
Outlook: Expecting $ADA to recapture its 0.1542 high and beyond.
Analysis: Cardano has been in recovery mode. A break of 0.1542 is the next upside objective for the bulls. Higher in a subdividing wave iii patterns. The bulls are in control while 0.0756 stays intact as support. This is Key support for our outlook.
Key Levels:
Above 0.1140; 0.1279; 0.1542
Below 0.0882; 0756
ADA.USDT (Y20.P4.E4).Looking for the next longHi,
I thought I check with the popular ones, and like ETH and LINK, ADA is almost there for that big move.
I'm assuming its up with the slow topping off with BTC dominance at either the upper trend line or the 200 EMA (for the short term).
The indicators seem to suggest this.
As for ADA:
On the WEEKLY chart:
===================================
> We have the RSI on the Phoeix indicator cross over the 50% level, along with the grey energy.
Although it can dip back below, one can see that its slowly grinding its way up.
> Looking at the chart, we can see a the major resistance level of 0.108 with a number of touches while each pullback gives a lower high.
> The structure seems to fit the approaching trend line (new) after the top was made in August at the 0.618 level.
> The weekly stochastic and WT indicators also cross over showing upward momentum.
> We have all 4 EMA's below the current price;
Daily chart:
===================================
> We have lower highs where the fib levels were respected as per chart.
> Looks like an ascending triangle, potentially a reversal bottom pattern (likely).
I have the ABCDE elliot count for a Ascending triangle.
> Key resistance is around $0.11
> Phoeix on the daily has RSIs above the grey energy, another bullish sign
CONCLUSION:
===================================
I'm aware that BTC could find a pullback when we reach 17K but its confusing at the same time, why will the ALTS break up with this looming above it.
Hence I will not buy for the sake of buying as the daily suggests, its slow to move so we have time. I will buy up some with any future dips.
If it breaks the resistance, its likely it will retest that resistance. I will be more interest at that time as its about putting your money with the fast returns for now.
From a bearish perspective, I don't see it happening as of yet, unless we lose that key fib level as support.
WEEKLY CHART
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BTC DOM CHART
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ADA.USDT (Y20.P4.E3).Looking for the next longHi All,
With the potential of BTC dominance to drop a bit further as per my previous post, with each level, gives the ALTs to bounce up further.
MY THOUGHTS:
===========================
> Looking at ADA, its sticking to the fib levels as per chart as key pivot points;
> On the weekly, we can clearly see the top lead in trend line as the new resistance as well as the fib levels;
> Currently on the weekly, the 21 EMA is acting resistance between the fib levels;
> On the daily we can see a ascending triangle with lower highs in the making and an elliot ABCDE count,
would likely help it which goes with the daily BTC dominance level where it might temporarily find support;
> I feel there will be a pullback as to point E and then up it goes, coins like ETH are more advanced so this can be an indication for things to come;
left pane, Weekly, right pane, daily chart.
The Daily chart has some upward pressure remaining. Is it enough to break that level and then retest it as support.
That would be the move to buy in, on the retest if you haven't bought. Or wait for point E as it retests the trend line as support (dotted line)
Weekly doesn't indicators is nuetral
Please give me a like or tick for this post,
Regards,
S.SAri
8 HRLY and Daily have upward pressure still.
ADA/USDT still bearish?ADA / USDT has been showing signs of correction for some time and, in my view, it will have continued with the first support test marked on the chart and if it loses, we will try the next support below with up to 45% of the loss of value.
Another possibility is a test on the first support to later try to escape the triangle with the value of 0.12 USDT as the first resistance.
The support zones fit well with the 0.618 and 0.786 Fibonacci retraction levels.
Ps: This is not a financial advice, always do your own research ...
ADAUSDT: Possible Short (13.10.2020)On D1, the price moves to the 38.2% Fibonacci level on a logarithmic scale. RSI is near the overbought level.
On H4, a movement has formed between the price and the RSI. Moreover, the RSI is at the overbought level.
We recommend selling ADAUSDT when the price will be broken the downward trend line on H4.
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ADA.USDT (Y20.P4.E1.v2).Looking for the next long ** A continuation of the previous post, link provided below **
Hi All,
Just a reminder:
Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold.
So what we are seeing is a likely ABC correction.
We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post.
With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post)
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If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips.
Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone.
If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below.
For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely.
Note the hidden bullish divergence with price and the RSI
Please give me a like or tick for this post.
Regards,
S.SAri
Current SP500 chart, wedge formation with a bullish div. in the short time period
BTC\SP500 correlation
My thoughts on the US dollar
BTC chart
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ADA/USD - ATS SWING BACKTESTScript settings for 12H timeframe:
· Signal calculation type - "hlc3"
-TP for Long - 50%
-SL for Long - 4%
-TP for Short - 25%
-SL for Short - 10%
9.9.2020 - Cardano (ADA / USD)Hi Traders!
Today we look at the popular cryptocurrency Cardano in the analysis. First, however, we would comment on the last analysis of Bitcoin, where we predicted the September declines and this analysis turned out absolutely perfectly!
But let's move to Cardano. This coin did not pass the September fall either. ADA has already written off about 48% of its HIGH. We see values between USD 0.0769 - 0.0902 as very strong support. This is a zone where it would be wise to buy this coin.
First of all, we have increased volumes and structure there. Secondly, the original trendline also affects us there. When we take a look at the RSI indicator, we still have space to fall into the extreme zone. From the RSI point of view, overcoming the upward trendline will be absolutely key. In addition, the MA200, which is also approaching us very slowly will act as support.
May the crypto be with you!
Buy Zone and Target for Cardano ADA/USDTMy buy zone and target for Cardano in the upcoming days. My buy zone is above the support trend line . I'd personally cut loss if it breaks below the support. If it break below the support it will most likely come down to the 200 ema and support line i drew. If it breaks above i think it will most likely hit my target.
(Not financial advice)
Cardano / ADA Long (Inverted Head and Shoulders)Inverted head and shoulders. Target 18 cents and beyond.
ADA.BTC (Y20.P3.E4).Bullish structure taking placeHi All,
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break.
> So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news.
:::::::::::::::::: Observations :::::::::::::::::::
> Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance.
> All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD.
:::::::::::::::::: My thoughts ::::::::::::::::::
> I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle.
Macro level targets based on inverted BARR strategy
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ADA weekly chart > Conclusion, more room to go higher
Note indicators and MS\MR (monthly support and resistance levels) levels
Enjoy,
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