Adausdtrade
CARDANO (ADAUSDT) - Buying on the rebound?perfect level pressure.
accumulation under a key level.
global trend up.
local trend up.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADA/BTC "LONG" POSITIONADA CONTINUES ITS RISE TREND. The pattern is canceled below the orange line. Red lines indicate 3 targets. The purple line is the trend line . The risk increases if it falls below the purple line. If bitcoin experiences a sudden price movement, it can drop to 754. Stop lose should be kept close
ADA/USDT "LONG" POSITIONthere are two strategies. can give you the opportunity to buy. purple line can be expected for purchase, but we need to follow it. The red line may need to be crossed with the bulky candlestick for the first and second targets to arrive. Trading involves high risk due to the possibility of the BTC's sharp fall.
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 still bearish?ADA / USDT has been showing signs of correction for some time and, in my view, it will have continued with the first support test marked on the chart and if it loses, we will try the next support below with up to 45% of the loss of value.
Another possibility is a test on the first support to later try to escape the triangle with the value of 0.12 USDT as the first resistance.
The support zones fit well with the 0.618 and 0.786 Fibonacci retraction levels.
Ps: This is not a financial advice, always do your own research ...
Ada/usdt forming rising wedgeAda/usdt
The price try to form rising wedge
However this form is a bearish pattern
But we can see small pump to 0.12$ level before next movement
**Any daily close below trendline support can very bearish
ADAUSDT ANALYSISADA In an ascending channel
A serious resistance and buying saturation in the current range has given a good opportunity for shorts
Examine bitcoin and trade carefully :)
ADA.USDT (Y20.P4.E1.v2).Looking for the next long ** A continuation of the previous post, link provided below **
Hi All,
Just a reminder:
Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold.
So what we are seeing is a likely ABC correction.
We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post.
With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post)
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If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips.
Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone.
If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below.
For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely.
Note the hidden bullish divergence with price and the RSI
Please give me a like or tick for this post.
Regards,
S.SAri
Current SP500 chart, wedge formation with a bullish div. in the short time period
BTC\SP500 correlation
My thoughts on the US dollar
BTC chart
PREVIOUS POST:
adausdt analysis x canal THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
Will Cardano lead the way on the downtrend ? Cardano, which has been leading the way during the uptrend, is now displaying serious signs of weakness.
Is it going to lead the way of the downtrend ?
It might be time to be careful with the "buy the dip" mantra.
Take care
ADAUSDT Ascending Triangle Hi To All Traders !
Everything is described in the Chart
IF You Agree Hit The Like Bottom And Support Me.
The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.
!! ADA CARDANO VS US DOLLAR !!ada cardano can see higher price in midterm .
holder and trader pay attention please
this is just personal analyze !
Cardano short-term tradingBINANCE:ADAUSDT
The future of Cardano in the long-term is really good; But if you are an hourly trader like me, the price is going down until the caution mark; so you have to be patient then go up sharply.
ADAUSD is likely to discontinue the correlation with BTCHey friends hope you are well and welcome to the new update on Cardano. The ADA coin has turned very strong bullish comparatively to all the cryptocurrencies. so we will discuss how it completed this bullish setup and what it can do next.
A re-cap:
last year in August 2019 I posted an article where I predicted that the price action of ADA has formed a bullish Shark pattern. As per Fibonacci sequence of this pattern I predicted that the price action should enter between $0.057 to $0.089. Finally the price actions started rally in December 2019 and produced more than 46% and dropped down again in the potential reversal zone and started another rally.
Comparison between the harmonic moves of Cardano and Bitcoin:
In March 2020 the price action of Cardano and the Bitcoin both formed different harmonic moves. The ADA coin formed a bullish butterfly pattern and as per Fibonacci sequence of this pattern I predicted that the price action should enter between 0.382 to 0.786 Fibonacci projection of A to D leg of this butterfly. Finally the priceline turned bullish in April 2020 and produced more than 230% rally so far. At this time the price action is likely to break out the 0.786 Fibonacci projection area. If it will be broken out then it can start more powerful bullish move than the previous one.
On the other hand the Bitcoin also formed a bullish Gartley pattern on the monthly chart and entered the potential reversal zone in march 2020. And I predicted that as per Fibonacci sequence of this pattern BTC should atleast reach between $8654 to $12070. Finally the price action turned bullish in April 2020 in entered in this zone. But so far it has produced almost 53% that is far less than the profit that has been produced by the Cardano.
The different indicators are signaling more bullish moves for ADA:
If we switch to the daily chart then we can observe that since June 27 up till now the Cardano made and other bullish move of 26% but the BTC at the same time was moving down. If we take a look at the different indicators then on Cardano’s chart the MACD is strong bullish and the stochastic is also strong bullish but at this time on the Bitcoin chart the stochastic is bearish and MACD is weak bearish.
The SMAs:
If we watch the simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then Cardano has crossed up them all. And it is moving above all these SMAs. The 25 SMA also has formed bull cross with 50 SMA beneath the priceline and the 25 simple moving average is also working as a really very strong support for the price action. But on the other hand the price action of Bitcoin has broken down the 25 and 50 simple moving averages and the 25 simple moving average has formed a bear cross with the 50 simple moving average. Even though we have 100 and 200 simple moving averages strong supports below the price action. And the 100 SMA has also formed bull cross with 200 simple moving average. But there is a big gap of almost $500 between the current priceline and the 100 simple moving average support. Therefore price action can be dropped up to this level at any time.
An up channel:
On the daily chart the price action of Cardano is also moving in up channel. For example, if ADA will not break down or break out the support and resistance of this pattern and will continue to move within this channel then with the passage of time it will continue achieve more higher price levels.
Conclusion:
We have been watching the correlation between the Cardano and Bitcoin and all other top alts upto April 2020. But after that up till now the ADA coin is likely discontinue this correlation with the Bitcoin and all other top altcoins.
Will Cardano Break The Last Support?A recap:
In Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern.
RSI had still some space to move in oversold zone and moving average convergence divergence ( MACD ) was still strong bearish , therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed at that time below was the article:
Finally in December 2019 the Cardano took the bullish divergence and after producing more than 46% bullish rally the priceline of ADA retraced back again. It was expected that if the price action will cross up the 0.786 Fibonacci projection of C to D leg of this bullish Shark then it will be turned more bullish.
But unfortunately the price action went closer to 0.618 Fibonacci projection level and from this level the seller took over the charge and brought the priceline down again.
Hitting at last support:
In previous week we have witnessed a strong bearish rally that brought the price action down upto the last support at $0.027002. And the price action has hit a spike up to $0.018540. That is the new lowest price ever in the history of Cardano with US dollar pair as per Kraken exchange.
Harmonic move a sign of hope:
Now there is a strong hope appeared that on this last support the price action of ADA has completed formation of bullish pattern. It can be easily seen that a a bullish Crab has been formed. The initial leg of this pattern was started with the candle stick that was opened on 17 December 2019 and has been completed on 12 Feb 2020. After that the price action has been retraced back between 0.382 to 0.618 Fibonacci level. And then the price line projected between 0.382 to 0.886 Fibonacci projection of A to B leg.
Now from here the price action was suppose to be retraced between 1.27 to 1.618 Fibonacci level and this recent sell off has helped the priceline to move more down to complete the final leg. So far we can see the price line of ADA has only hit the spike in potential reversal zone area but soon we can expect that the price action will again move down to enter in this zone.
The range of potential reversal zone and Fibonacci projection area or buying and sell targets can be as follow:
Buy between: $0.019129 to $0.004567
Sell between: $0.030263 to $0.057737
As you can see this potential reversal zone of 318% area therefore if for example the priceline hits the lowest pricelevel of this PRZ level and hits the highest Fibonacci projection or sell zone then it can be a 1164% really very massive move. This can be the same volatility as the NPXS normally shows. However In my opinion it is not possible that ADA would move as that much down therefore we should find the buying at the starting of potential reversal zone. This is the 1st positive sign I have found sofar if there will be more developments then I will definitely share with you.
