Cardano; Catch Cryptos in PLAY(I chase the profit not the price)THE PRINTER WORKS!
Hello Friends, let's catch these profits where the printers are working right now.
Cardano (ADA) is in Play and here is my trade setup , I will share it with you but in return, I only ask for you to like my idea to show me you would want more updates.
Pattern discovered;
Symmetric Triangle.
(I drew a midline that acts as a good resistance and support)
Trade set up
1. Enter a "long" (I am using leverage of 50x but this is no financial advice just my trade setup) trade above the high of the breakout at 0.05544.
2. Place a "stop" order below the low of the previous swing low at 0.05288
3. Target the depth of the triangle from the breakout level at 0.062860
(this idea will be in play for a while)
Adausdforecast
Cardano Updates - Bounce or what?We see that the ADA price action has started a correction almost reaching the first support (FIB .618), this is coupled with an RSI showing indecision in a daily view and at the same time that we increase in smaller frame-times it gives the feeling of going further down.
Here please find attached the main drawings of this idea, simpler than a botijo for you to speculate. Remember that here in TradingView (and there, and everywhere) ideas are like asses everyone has their own.
Please, pleas, please: remember all the trouble that is back on the international scene. Attentive to the political-socio-economic panorama because it is devastating and will somehow affect crypto again.
Actually this situation of total halt of the world is more than worrying and it's affecting the whole world, or almost.
So far... a greeting, keep safe and do not forget to give a like here.
Thankss!
ADAUSDT Sell/Short Trade, 20% gainADAUSDT is forming a triangle pattern; it's not broken yet but looks it will break downside the triangle.
Volume is not big enough to support the bullish movement;
On the H1 chart there we can see bearish divergence that shoes the weakness of the trend.
We can enter this trade in two way
1) Enter now if it makes a reversal from the trend resistance of the triangle and wait till to break the triangle downside till target reached and if it doesn't break downside then exit. (20% gain)
2) In second trade we can enter in a confirmed breakout when it breaks downside. (15% gain)
Keep Trailing Stop
ADAUSD forming bullish Crab | A good long opportunityPrice action of ADA / US Dollar is forming bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.035495 to 0.034474
Sell between: 0.036107 to 0.037879
Enjoy your profits and regards,
Atif Akbar (moon333)
ADAUSD formed bullish Cypher | A good long opportunityPriceline of Cardano / US Dollar cryptocurrency has formed a bullish Cypher 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: 0.043167 to 0.042398
Sell between: 0.043784 to 0.045267
Regards,
Atif Akbar (moon333)
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)
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)
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