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.
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal
Not buying ADA until it stays above the trendline Wait for the next BUY signal
Check video for my comments on this trade setup.
BUY: 1.07 – 1.12 TARGETS: 1) 1.24 2) 1.45 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -When price touches the 200 EMA it usually responds with a large bounce up. -The 200 EMA corresponds with an area of local support (buy zone). -The confluence with the 200 EMA and...
Hi Traders, Looking at ADA's recent performance, I believe its coming to a strong resistance area and will be interesting to see what happens here, as BTC tries to break its resistance. Much hype with ADA lately with its upgrade and Dubai Crypto Fund Sells Bitcoin to Bet on Cardano, Polkadot news. Signs of parabolic curve coming into the picture. Here I entered...
Hi Trader, place min x3 leverage, moderate amount and look for a bullish candle on the 30 min or 15 min combination How to trade this? You can look for the horizontal line resistance on this micro level as a breakout trade, 4th touch or on the 382 or 0,5 fib level, buy in with a stop loss at the next level down. There is a potential of being rejected as per...
Hi Traders, Looking back to the macro structure (below), ADA is likely to have another macro structure that is either continuation or reversal. I am leaning towards continuation. Hence the volitivity will be returning. As per my chart, I expect the dips to be the bottom of this structure, if its not too late. All the best, S.SAri ref. Algo.chart
#ADAPERP - short ADA futures are consolidating after pumping. Against the background of the fall in the BTC, it is likely that the price will rush to the zone marked on the chart. The power of buyers is falling. We are waiting for the price movement down. All transactions are now at risk, so do not forget about TS and risk management. If you like my ideas, then...
#ADA - long I am waiting for a local corrective movement with a subsequent rise to the level of 0.9792. The technical picture looks more favorable for price growth. Shopping is now starting to pick up steam. But it may not be long. Therefore, if possible, place a stop at bu. 💸 Price for entering a trade according to your TS 📈 Take-Profit 1,2,3: on the chart ⛔️...
1-2% risk into this tight stop, LONG ADAPERP setup. Made video analysis here:
Cardano hitting pretty much all targets and forming more consolidation. This rally likely to take us next target (around 40% from here) and pretty soon ATH into price discovery. At the date of this video. Cardano took XRP marketcap and is now the 3rd biggest (discounting USDT) crypto by marketcap and around 1/10 of the size of ETH. In my opinion ADA will gain...
Hi, Keeps giving good formations. Nice setup on the 1 hrly. Cheers, S.SAri ADA BTC equivalent
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal