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Caradano

ADA/BTC Swing Trade Cardano is ready for a swing trade IMO, ADA is making steady higher lows since september and therefore is forming an symmetrical traingle. The support and resistance levels of this forming triangle are easy to see. A break to the upside would be confirmed if ADA gains above 0.00000520 sats. I will turn bearish/neutral once ADA drops below the triangle and the 50 day MA @ around 0.00000471 sats. BUY and STOP level: -I will buy ADA @ current levels between 0.00000490 - 500 sats. -My STOP is placed @ 0.00000450 sats. -In order for the stop to get triggered ADA needs to: 1) break down in the symmetrical triangle. 2) break belowe the 50 day MA. 3) Looking at the VPVR you can see that it needs to break through quite some volume levels as well. PROFIT targets: -My first profit level is @ 0.00000637 -This is the 1.618 fibonacci extension level drawn from recent low (0.00000403) to recent high (0.00000547). -The 1.618 fib extension acted as clear resistance in the last week of july. -I will sell approx 50 to 70% here. -Second profit target is @ 0.00000731 -This is the 2.272 ficonacci extension of the recent leg up. -In the picture below you can see that the 200 day MA acted as strong resistance so I think it will not break in the first try. -If the 200 day MA comes in before the profit level of 0.00000731, I will take profit at the 200 day MA instead.
Long
by Mister_Anderson
CARDANO OPPORTUNITY!ADA H&S OR IS IT THE CUP, WELL BOTH BULLISH! ADA has bottomed once again, 3 times this month , Ada has generally been one of my profit makers in the last month it has given spikes of 20 percent and above so all this time we were winning on the small bounces but now ADA has a long term bullish trend and is one of the most promising crypto-currencies and projects so far and we can already see other cryptos having a rise like XLM which showed a great pump after Bitcoin made its peak and XLM has usually been followed by ADA as we have experienced before. So ADA is at the floor but lets see what the technical probability is for it having a spike? Well we have head and shoulders pattern which says that the right shoulder is going to take place soon and we may see a pump to 0.000024 BTC however we can also see a possibility of the cup which can take use to 0.000026 which is a 30% profit from where we are now and that is short-term(1-2 weeks) and for HODLING ADA I would recommend to buy now as the price in BTC and USDT/USD is incredibly low and with the bulls we have back on crypto we may get to our long-term targets soon so lets buy and HODL. INDICATORS: -STOCH-MOVING DOWN POSSIBLE DUMP IN PRICE BUT WE HAVE OUR SUPPORT WHERE WE SHOULD GET THE BOUNCE -EWO-BULLISH DIVERGENCE -MACD- BULLISH DIVERGENCE Good Luck, Traders! #moon #mooncommunity
Long
by farhadjafarov7
Cardano :- 4hr Chart AnalysisCardano (ADA) :- 1.Cardano has broken out of the downtrending channel and has given its first sign of a bullish sign by converting the resistance of the channel as support (Price moved within the yellow ellipse). 2.Prices have now turned to hit back the supply zone which formed the previous higher high.A break from this higher high will take us back to the weekly resistance levels 0.22 3. A new higher high-higher low pattern would be confirmed which could set the move for the next bull move.
Long
by Akshath1994