ADAUSD is ready for breakout from the pennantSince 26 Oct the priceline of ADA / US Dollar is moving within a pennant and now it has reached at end.
Stochastic has given bull cross.
MACD turning bullish,
Ichimoku cloud is strong bullish.
Lagging span is turning bullish and crossing up the priceline.
A Bullish BAT inside pennant is also formed which is pushing the price action to breakout soon.
We have a strong support of 50 simple moving average and a golden cross is expected between 25 SMA and 50 SMA which will push the price action to breakout the pennant.
The long can be taken after breakout and price correction.
This breakout can take the price action easily upto the tail of pennant which is at 0.04480.
Regards,
Atif Akbar (moon333)
Adausdanalysis
ADAUSD forming bearish Shark a good long opportunityThe priceline of ADA / US Dollar cryptocurrency is forming bearish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.040532 to 0.039681
Sell between: 0.041830 to 0.043928
Regards,
Atif Akbar (moon333)
ADAUSD formed bullish BAT | Upto 16% potential trade planPriceline of ADAUSD / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.036832 to 0.035976
Sell between: 0.038874 0.041939
Regards,
Atif Akbar (moon333)
ADAUSD forming bullish Cypher | Long opportunity ahead
After forming BAT pattern now th priceline of ADA / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.040103 to 0.039162
Sell between: 0.040843 to 0.042621
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish Butterfly | A good buying opportunityPriceline of ADAUSD / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.03881 to 0.03852
Sell between: 0.03904 to 0.03959
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish BAT | a good buying opportunityAfter completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.038109 to 0.037835
Sell between: 0.038764 to 0.039747
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish Crab | Upto 43% expectedPriceline of ADA / USD has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets.
Buy between: 0.039969 to 0.035704
Sell between: 0.043282 to 0.051293
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish cypher | Another long opportunityAfter formation of bullish BAT the priceline of Cardano / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
But the MACD is strong bearish and Stochastic RSI did not give any bull cross sofar, i would suggest for secure trade we can wait for macd to turn weak bearish or a bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 0.04495378 to 0.04431146
Sell between: 0.04545635 to 0.04666967
Regards,
Atif Akbar (moon333)
ADAUSD has formed bullish Shark | A good long opportunityPriceline of Cardano / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04519950 to 0.04355250
Sell between: 0.04705449 to 0.05075816
Regards,
Atif Akbar (moon333)
ADA the same as other Altcoins, but very differentADA looks like its going through the path of continuing to fall as it crossed 2 support lines and touched them shortly after. Unlike BTC, BCH or ETH there its more likely to see another fall until a reversal.
Let me know if you think ADA is different to other altcoins
Short opportunity after Lower High testCardano complied to the Lower High scenario of the Higher resisting trendline (seen in yellow) and made a Higher Low near 0.24000. Now the underlying bearish trend of the 1D Channel Down (RSI = 43.365, ADX = 35.936) will push for a Lower Low and our target is 0.1443. Eventually a test of the 1W support = 0.1217 has to take place.
Clear Channel Down on 4HCardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start placing long orders strategically between 0.12 and 0.14. Note: there is an extreme scenario for a Higher High on the cross of the 0.256983 Resistance with the Resisting trendline drawn from the 0.389197 Top.