ADAPERP
ADA LONGADA broke out of the trendline. However, we must be mindful with a potential retest if the minor level of the 38% Fib level is broken, we have a high probaility of price heading to the retest level which puts price around the .786 region of the fibs.
Targets is the measurment of the Impulse leg using Fib Extension.
If there is no retest, price can break out of the consolidated area and head to targets.
IS THIS THE BEST TIME TO BUY ADA? Vasil Hard Fork June 29thEarly this year, I mentioned in my analysis that ADA might go to $0.3 support range if BTC goes to $28K or below, and it did happen.
I have accumulated a lot of positions when it reached $0.4 a couple of weeks ago, and congratulations if you have done that as well.
I also mentioned why $0.3 is a very good spot to open long positions, and there are milestones that can be taken into considerations.
One of these milestones is happening at the end of this month, the Vasil Hard Fork.
ADA has done some hard forks previously, and all of them moved ADA price up quite significantly, so it is very likely that this will also happen this month.
Though, I really doubt it can go anywhere near the ATH, let alone making a new ATH, this is beyond hope at this moment. (but hey, nothing is impossible, so be ready to adjust your TP/SL if this actually happens, be versatile, embrace changes)
One thing that I have to mention if you want to open some long positions with leverage (personally, I might open some 20x longs), the price will usually go down a couple of days after a hard fork, so don't marry your leverage. If you want to hold ADA for a long term, just do that in normal spot trading without leverage, as the current market condition is very uncertain, and it can easily wipe your account if you are not good at managing SL/TP, or if you use more margin than what you can handle. Also, don't forget to take profit regularly, don't be greedy, trade responsibly.
Good entry positions: $0.3 - $0.5
SL: $0.27
TP1: $0.6
TP2: $0.9
TP3: $1.2
TP4: $1.5
TP5: $1.8
- DISCLAIMER -
This is not a financial advice.
Always do your own research before doing a trade.
Your money is your own responsibility.
- DISCLAIMER -
ada 12-13 update~got a feeling ada wants to run from here.
printing some nice bullish divergence down here after a 3 wave move down from the local highs
oscillators almost completely reset on the 1\3 hour frames
>looking for a move to about $1.52 from here
>if we break above that target, then we might just be in an impulse.
>i'm long here with a fairly tight stop
>will exit at the first sign of weakness.
ps. most of my trades are scalps, i'm usually in and out at the first sign of weakness.
Primary Cardano outlook ⭐Morning,
Thanks to a recent discovery I was able to calculate the downside target of Ada.
A lot of people are very bullish right now, talking about the big catalyst which is to come soon,
but what they fail to realize is, the markets are forward looking, and it has been priced in already.
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I'm looking for $0.75 for Cardano's primary wave 4 target through an expanded flat before any real resumption to the upside.
March 1st will be a day of wonders.
cardano update ⭐good evening,
cardano looks like it may break down here once more, but it's a bullish break down in my eyes.
this would give us the equality of the previous move to the top of the pitchfork, and set us up for a move to about $8 for this sub-wave 3 of the primary wave 5.
our system is picking up a 5 day algorithmic buy indication here; i've marked on my chart a few vertical blue lines showing the last 2 times we saw this kind of buy signal; the current one would be the third time in cardanos history.
what comes next should be beautiful.
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$1.50~$1.29 is the area for accumulation.
sub-wave 3 target = $8.
ADA bottoming out 💸I think ADA has hit the low, now is looking absolutely bullish.
I wouldn't expect ADA breaking the trend line, in my opinion ADA will reverse soon making huge gains in the way.
This is the moment to step in as we are getting supported by the higher lows.
This is definitely worth swing trade.
$ADA could go to new highs from here!- If we bounce from this daily area, it's a higher high by a long margin, and it's likely we're going to new highs. 1.618fib seems a good target
- This level was tested many times before and showed strong bounces every time
- Risk/reward is very appealing at R=4
- Stoploss below the 0.5 fib also seems reasonable, as often we see bounces from that level.
Cardano (ADA) • Signs of weakness. Major correction ahead?Cardano saw impressive bull run to become one of the top 5 high cap coins over the past months.
However, like most alts it starts showing some weakness specially when we take in consideration the decline in volumes.
In this video I walk through the high timeframe charts to draw some technical levels that I consider important to look at.