Why Short ADA Exactly here...Have you been trading ADA Recently?
I wanted to share this trading opportunity with you asap,
As this is the best point to enter the trade,
"This is a stupid simple analysis of ADA - No Complex BS I PROMISE"
If you see from the past few days,
ADA was going Parabolic & Creating Huge Surges In Prices,
Kinda Like A Rising Tide...
...but if you observe it carefully you would notice,
the market is exhausted, people are tired of buying ADA,
and you can see it clearly in the chart above,
where continuous tries to break previous highs,
Have been rejected Flat on the face,
like your girlfriend slapping your face when you propose to her.
We can use this opportunity to Short as the "Market is in our Favor" ,
but it won't be for a very long time as probability,
will spin the game upside down...
The risk we are taking is very negligible to the amount of money the market will give us,
for helping it move towards where it wants to go.
I'm looking to take profits as shown in the chart above at 3 different levels,
where at each level we make more money (P.s -- Risk keeps Increasing though, remember the wheel of probability will spin anytime).
..but if you place you short at this point there are very high chances of making a "Quick Profitable Trade".
I would love to know about your thoughts guys,
Share your thoughts in the comment below &
If you liked this Idea pls Upvote it so we can reach more traders & Keep Crushing Markets!
Thanks.
Adausdlong
ADAUSDT (Ascending Triangle Breakout in 4h chart)ADA /USDT currently trading at $0.1470
Long Entry Level :$0.1460 - 0.1500( only enter long after 1-hour candle close above the resistance level at 0.14600$
STOP LOSS ( support): $ 0.1370
Resistance level 1(Target) : $0.1750
Resistance Level 2(Target): $0.1950
Resistance Level 3(Target):$0.2360
Max Leverage: 5X
Risk Reward ratio is 1:4
ALWAYS KEEP STOP LOSS...
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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 (Reversing from the support line)ADAUSDT : Strong support at 0.089 and Now ADA started reversing from the strong support level.
Entry level : 0.089 - 0.093
Resistance level 1: 0.100
Resistance level 2: 0.113
Resistance level 3: 0.128
Resistance level 4: 0.153
Stoploss: below the support line (0.089)
ADA/USDT (Short-term trade)ADA/USDT is presenting a good buy opportunity upon break of short--term resistance.
Next resistance (R2) presents good upside (a good place to TP)
RSI has room to grow on 1D
MACD still bullish, but may turn bearish (would watch before entry)
Stop loss @ 0.10399 USDT
The Crypto Associate is not responsible for any losses incurred during trading digital assets or any form of security. This analysis does not constitute investment advice and should not be regarded as such. All analyses is for informational purposes only.
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.
Cardano to retest $0.095Cardano - Intraday - We look to Buy
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Trend line resistance is located at 0.0950.
We look to buy dips.
Dip buying offers good risk/reward.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
We look for a temporary move higher.
Our profit targets will be 0.0942 and 0.0948
Resistance: 0.0920 / 0.0940 / 0.0950
Support: 0.0910 / 0.0900 / 0.0890
Signal Centre
ADA.USDT (Y20.P4.E2).Looking for the next longHi All,
I'm not going to add TA commentary on this post, as the chart does a good job.
Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib.
If you missed this, its not too late, looking for the next opportunity, it should come in this structure.
Note, most reversals create a bottom structure and the question is, what will it be?
Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area.
Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL.
Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below.
As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA.
Please give me a like or tick for this post.
Cheers,
S.SAri
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PREVIOUS POST
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NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer
See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level.
on the Daily, its a different story.
Potentially SP500 reversal\bottom
ADA.USDT (Y20.P3.E5.v3).Looking for the next longHi All,
*** This is a continuation of the previous posts ***
OBSERVATIONS:
===============================================================
2 Day, Weekly and Monthly charts below;
1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support;
2) Funnel formation\structure at the macro level;
3) Daily chart shows reversal signs on both the structure and indicators;
4) Daily shows we have the 21 ema resistance;
5) 2 Day indicators shows the following:
> Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year;
> KDJ is more responsive than the MACD and is showing signs of a reversal;
> 2 Day candle stick is bullish;
> Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon;
6) Weekly chart shows the following:
> Large rejection wick to the downside from the MR (Monthly resistance level, now support);
> Rejection form the weekly resistance level;
> 21 weekly EMA has confluence with the Monthly support;
> Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line;
7)) Monthly chart shows the following:
> Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month.
> Resistance was and is the previous monthly resistance;
> Monthly candle is less than half the previous candle, showing momentum coming back;
THOUGHTS:
=================================================================
If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal.
ADA is one of those coins that you should have going long;
Next year has many things going for it with many developers having interest on this platform;
Daily chart:
2 Day chart:
Weekly chart:
Monthly chart:
ADA.USDT (Y20.P3.E5.v2).Looking for the next longHi All,
*** This is a continuation of the previous post, link provided below. ***
Note: Log settings are not enabled on this chart.
I have come across the LIVERMORE Speculative Chart just today and it seems many of the ALTs are doing this in some form or fashion.
I have yet to spend much time on learning all the details to this strategy.
So my first attempt is on ADA.
The LIVERMORE base structure starts off with a accumulation cylinder with a widening mouth, just like ADA here.
The 1,2, 3, 4,5 ,6, 7 what I understand usually aligns with the Elliot impulse with 6,7 corresponding to a ABC correction.
So I have given the background to this approach and now its now a matter of waiting for a bullish reversal to jump in, if this is to be true.
Lets see if I have interpreted this correctly.
- I have both indicators over into the reversal area of the stochastic, phoeix and RSI indicators on the daily;
- I have price action on a trend line (support) as well as a fib level;
If ADA is to do what is on this post, then its likely BTC will be defended here and no new lower lows.
ADA might wick down a little lower with a acceptable deviation for this chart structure to work or be true. So might BTC.
Below is a high level overview which I believe could align with the Livermore strategy.
Regards,
S.Sari
Overview with key levels on the fib as resistance which also equate to targets.
Aligns well with this strategy, if its true.
PREVIOUS POST to this topic
ADA.USDT (Y20.P3.E5).Looking for the next longHi All,
Observations:
> Looking at the structure, it makes plenty of sense that we have likely hit the top on this impulse being point 5
> The indicators on the Daily show a bearish divergence and the chart below showing the downward pressure
> Target 1 equates to the height of the Triangle
> We have had an upward parallel channel with a upward wedge on the last section, indicating a squeeze at the top
> The 21/50 EMA acting as support for ADA's upward trend
The following chart below demonstrates , with a possible wedge to demonstrate the squeeze to the top before dropping to the 0.5 or 0.618 fib retracement level.
8 HRLY chart > Downward pressure on the indicator
My thoughts:
Stay away from ADA going long at this point until we have further confirmaitons;
Please give me a like or tick for this post
Regards,
S.Sari
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