Get started

CARDANOADA

Cardano Is Pumped More Than Other Top CryptocurrenciesHi friends hope you are doing well and welcome to the new update on Cardano. In today's article we will try to understand why the ADA has surged more than other top cryptocurrencies. And in order to understand this we will try to watch the different chart patterns, moving averages, oscillator and different indicator is well. Harmonic moves gave advance bullish signals for this surge: Now before moving to analysis. I would like to show you to harmonic patterns that were formed during the strong bearish trend of March 2020. And while moving down the Cardano formed a harmonic Crab pattern on two day chart and in the meanwhile the price action also formed a very big bullish Butterfly pattern on the monthly chart as well. Therefore as per Fibonacci sequence I predicted that the price action will take bullish divergence from the potential reversal zone of Crab and along with that it will also start a bullish rally from the potential reversal zone of bullish Butterfly pattern on monthly chart. And the this move would be like a chain reaction. And we have witnessed that finally the priceline of ADA started a bullish move after the mid of March. And sofa it has produced more than 300% rally. Bullish Crab: Bullish Butterfly: The SMAs: In order to observe the power of bullish or bearish trend it is very important to watch moving averages. Therefore I always watch the position of the moving averages. Now on daily chart if we watch the position of the simple moving averages with time period of 25 50 100 and 200 then it is very strong bullish. There is only one move is due and that is the 100 simple moving average should form a bull cross with 200 SMA. And then a complete opened alligator mouth will be formed that can lead the price action to turn more bullish. But there is also a critical point and that is the price action has turned so much bullish and it went very far above the moving averages. And there is a big distance between the moving averages and the price action. Therefore if the priceline will start a correction rally then it can move down up to the first available nearest moving average and at this time it is 25 SMA. Therefore that will be a drastic drop however if the moving averages will be moved up and remove this distance then the price action will have strong support of the SMAs just below the tail of the candlesticks. Up channel has been broken exceptionally and EMAs are strong bullish: On the same daily chart the Cardano has formed an up channel like every top cryptocurrency. But exceptionally the ADA turned very strong bullish and it has broken out the resistance of the channel. On the other side if we watch the Bitcoin and all other cryptocurrencies then those are still moving within the channel. For example at this time the Bitcoin is near support of that channel. And if we watch the exponential moving averages 10 and 21 then again Cardano went very far from the support of exponential moving averages and on the other side the Bitcoin is using the exponential moving averages EMA 10 and 21 as support. Support and resistance levels: During the previous strong drop the priceline of ADA has re-tested the support of $0.027. Then it moved up and crossed the $0.45 resistance. And after crossing up this resistance the price action re-tested it as a support and then Cardano turned very strong bullish and crossed up $0.065resistance level. This time the priceline was very strong bullish as it did not re-tested the previous resistance of $0.065 as a support. However there is still possibility that price action will start correction rally and re-test the previous resistance as support before next bullish rally. Now the next resistance level for Cardano is $0.10. Amd this level in very strong key level resistance as it is not broken out since April 2019 even after several attempts by the ADA. Therefore the next bullish move is very important for Cardano. If this $0.10 resistance level will be broken out then the price action can start stronger than the previous bullish rally to achieve the higher than previous highest price ever in the history of ADA. Conclusion: In the month of Jun 2020 The ADA can behave different as compare to other cryptocurrencies including Bitcoin. And it can show more powerful bullish moves in coming days. However we should be careful about the stop loss because the price action went very far and away from the support of the moving averages. Therefore if price action will move down to retest the support of any moving average then the drop can be severe.
KRAKEN:ADAUSDLong
by moon333
2
CARDANO HTF SYM TRIANGLE PLAY ADABTC forming a bullish Sym triangle which normally would play out to the upside, however pending BTC action we may see all alt coins take further dumping as BTC pumps. Currently waiting for confirmation on ADABTC before taking any positions, will be waiting for the break then re-test/hold of either side of the triangle in order to take positions either way. Play for either direction is below; LONG PLAY: Will be looking for a break in Sym triangle then a re-test confirming break SL : pending new structure that has formed TP's on the way up: 590, 620 & final TP at 680 SHORT PLAY: Will be looking for a break in Sym triangle then a re-test confirming break SL : pending new structure that has formed TP's on the way down: 510, 480 & final TP at 450 LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
by Irezumi
Will Cardano (ADA) Breakout The $0.10 Resistance In This Rally?A chain reaction is triggered: in my previous post I predicted a chain reaction in the price line of Cardano, if you missed my previous post then here is the link: As in my previous post we have seen that in the month of March after strong bearish trend the ADA completed the final leg of big bullish Butterfly pattern on the monthly chart. And as per Fibonacci sequence of the bullish Butterfly the priceline was supposed to take the bullish divergence from the potential reversal zone and enter in the Fibonacci projection from 0.382 to 0.786 Fib level. And this was the Fibonacci projection of A to D leg. In the meanwhile on the smaller time period 2 day chart the ADA formed another bullish harmonic Crab pattern and entered in the buying zone of this Crab pattern as well. And we can see that 1st price action took a bullish divergence from the buying zone Crab pattern and triggered a kind of chain reaction that the priceline from the potential reversal zone of the big bulllish Butterfly pattern on the monthly chart also moved up and entered in the sell zone or Fibonacci projection area and produced more than 184% bullish rally. Now what next? Now the question arises that if both bullish patterns are executed then whether the priceline of Cardano will continue this bullish rally or not? Because so far the ADA has produced more than 184% Big gains. Is there any possibility that the Cardano will move more up to produce more gains? For that we need to study some more indicators and support and resistance levels let's have a look at them. Support and resistance levels: If we switch to the daily chart to watch the different support and resistance levels. Then we can observe that the strong bearish rally in the month of March 2020 the price action was trying to breakdown the $0.027 support. This is a very strong support that is not broken down since December 2018 and this time it has worked well and did not let the priceline move down. From here the price action moved up and broke out the next resistance level $0.045. At this time the price action has started a correction rally to re-test the previous resistance as support and after successfull re-test of this previous resistance as support the price action can move up to break out the next resistance level $0.065. And after breaking out the $0.065 resistance level we have key level resistance at $0.10. Once the price action will break out this key level resistance then it can turn more bullish to achieve the highest price ever in the history of Cardano. Moving averages: On the same daily chart the moving averages are also doing good. After the bullish rally of March 2020 the price action broke out all the simple moving averages with the time period of 25, 50, then 200 and at the end it has broken out the 100 simple moving average. Sofar the price action has re-tested the 25 and 50 simple moving averages as a support. After breaking them out the price action did not re-tested the 100 and 200 SMAs resistance levels as support. Therefore we can expect that the priceline may start correction rally from here and re-test the 100 and 200 simple moving average resistance levels as support. Conclusion: On short term we can expect a correction rally to retest the $0.045 support and 100 and 200 SMAs. The continuation of bullish rally depends on the success of this re-test if the priceline will not breakdown these supports and then it can further move up to breakout the key level resistance at $10 and in case of breakingout the $0.10 resistance it can turn more bullish than previous bullish move. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
1
ADABTC Buyer recovery before continuation First of all, congratulations to all who followed my ADABTC call ! 10%+ gains a day keeps the doctor away! After letting the dust settle, I will only be looking for SHORT re-entries on ADABTC, will be looking for continuation patterns aswell as weak buyer recovery for confirmation in order to make a final decision on the re-entry. IDEALLY we would be looking at a slow & weak buyer recovery over the next few days up to the golden pocket range for Fibonacci between 0.618-0.65 in order to take our SHORT orders for the next leg down. If bullish buyback seems extra weak, I will be looking to DCA my entries from the 0.5 Fibonacci line upwards to the 0.618-0.65 golden pocket. TP's on the way down we will be looking at structures to the left, 555, 540, 525 & FINAL TP within 507->500 golden pocket zone of our initial swing low to high uptrend. If we reach the zone between 507-500 & the zone holds as support I will re-assess to take LONG's from this retracement. LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders; Link in profile description!
Short
by Irezumi
Cardano looking for a breakout of actual fibo resistanceHello there, this is our view on ADABTC, enjoy! Analysis: -On chart: Basically a small uptrend started after breaking out a big falling wedge. Price has just bounced from historical support and historical support trendline, so it needs to jump from there or die out (in fact fibo retracing would send it to 400 - 310). Price managed very well to break above ema50 and further movement upwards is expected once it has definetely broken out ema100 and wma200, targeting first of all ema200 and then fib and weekly resistances. Currently accumulating over the mid band. Also width looks bullish this term. Ichimoku cloud, bullish itself, doesn't give any clear signs of strenght in order to support price now. -Technicals: On the other side oscillators are giving strong signals that a complete reversal has occurred. In fact many of them (chaikin, money flow, relativestrenghtindex, stochastic, ultimate) are growing in an uptrend from oversold. Tho some of them are now witnessing a little overbought, in particular stochastic, ultimate and chaikin, which also formed a bear divergence with price. Stochastic relativestrenghtindex looking for a golden cross which will state a complete resistance breakout. While awesome is stating a good momentum, run up is losing strenght and buyers as states movingaverageconvergencedivergence, whose momentum is neutral. In fact, both of the indicators are showing a lack of momentum now, and also indicating a weakness by forming bear divergences with price. Their uptrend support is still holding so no clear reversal has taken place. Notice there are very few volumes. Strategy: We started approaching double strategies as Binance is giving us margin to try both of them. If 1. was negated, then try 2.. 1. Entry (long): 476 - 469 - 463 (average 469) Target (short-term): 504 - 511 Stoploss: 460 Risk/reward: 4.33 Hint: that's a lot! I tend to stay bearish until my trade is far away from stoploss, but that sounds very good to me, so I would recommend you should long 3x 5x margin. 2. Only if trade 1 goes stoploss Entry (short): 469 - 479 Target (short-term): 444 - 435 Stoploss: 487 Risk/reward: 2.69 Hint: low r/r ratio, you should adopt a thorough money management (I linked a nice educational image from Excavo). Disclaimer: this is not a trading advice as it could seem like, we're just enjoying ourselves and spending our time onto this activity. Don't ever trade money you can't afford to lose. Don't do such a trade if you're not self-conscious about what you're doing. If cryptocurrencies are not regulated in your country use them only for speculative interests until they'll be. Feel free to ask us every question you have. Trade safe and stay at home. Anlvis
Long
by Anlvis
ADABTC formed bullish BAT | Upto 16% bullish moveHi folks, hope you are doing well. In my previous post on Cardano with Bitcoin pair we have seen that the ADA had completed the formation of bullish BAT pattern. This chart was based on 12 hour time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level. Then we have witnessed that the price action moved up and entered in the target sell zone. This time the Cardano gave more than 20% profit for its traders on a short term 12 hour chart. A new harmonic BAT pattern: This time again on 12 hour chart ADA has formed another harmonic bullish BAT pattern and entered in potential reversal zone. And giving another chance to earn more profits. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci level. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be: Buy between: 0.00000441 to 0.00000431 sats Sell between: 0.00000465 to 0.00000501 sats So this short term trade can has capacity to produce upto 16% profit. Stop Loss: The potential reversal zone area that is up to to 0.00000431 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
ADA at strong supportWhile the world economy fall apart, crypto market also experience bearish mood, while still look much batter than S&P500 or any other index. Will crypto become safe heaven or not, impossible to predict, but it will certainly be the one to pump hard once situation with virus normalize. ADA price at support left since December'19/January'20. Used to be strong support, but since already cut through on last big dump, lost some of its strength. Still a good spot for a bounce. And week timeframe
by WiseAnalyze
1
ADAUSD formed bullish BAT | Upto 40% move expectedHi guys and gals hope you are doing good, Cardano (ADA) is giving another long opportunity on 2 day chart and has formed bullish BAT pattern and entered in potential reversal zone and ready to move up at any time from here. The dimensions of pattern: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $0.0393 to $0.0352 Sell between: $0.0493 to $0.0493 Stop Loss: The potential reversal zone area which is up to $0.0352 can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
ADA is being retraced after one and a half month bullish moveIn Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern. RSI had still some cushion 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: As per Fibonacci sequence the targets were as below: Buy between: $0.04315 to $0.02760 Sell between: $0.05788 to $0.08991 As per above targets this trade had potential to produce upto 255% gains. Finally we witnessed that since Dec 2019 to Jan 2020 the priceline of ADA moved up and sofar it has produced up to 138% profit. Price Correction Started After One And A Half Month: If we examine the price action of Cardano then it will be realized that since 1st Jan to 14 Feb 2020 there the ADA was moving up in a very bullish manner that there is not even a single red candle stick appeared during this period even it has broken down all simple moving averages from 25 to 200 during this period every professional trader was expecting a price correction move which the Cardano was not making even with every day the buying volume was more being increased that was a clear indication that bull has completely taken over the bears and they are in charge now. The Moving Averages And Their Bullish Formation: Now if we move one step back from 2 day to daily chart then here the simple moving averages with time period of 25, 50, 100 and 200 have almost formed an alligator’s bullish opened mouth there is only one move left and that is the golden cross between 100 and 200 SMAs once this bull cross will be formed we can witness a new and more powerful bull rally like once it was happned in April 2019 when Cardano gained more than 80% value from $0.5910 to $0.10687. Similarity Of Moves Of Price Action: Now if we switch back to 2 day chart again then in previous move we can see some resemblance with current move when the price action moved up without any price correction from 4TH Mar to 3rd April 2019 and then ADA dropped upto 0.618 (61.8%) Fibonacci level which is considered as ideal drop or retracement among professional traders and Cardano also had a 50 simple moving average support at this leve, and the price action took bullish divergence from this level achieved higher than previous high. This time the price action is seems to be taking the same move as we can observe that it has moved up from jan to Feb 2020 without any correction and now it is being retraced. Sofar it has achieved 1st level of ideal retracement upto 0.382 (38.2%) Fibonacci but this time the ADA is in more stronger position than previous move coz from Mar to April 2019 the price action did not have the 200 SMA support even at that time the 200 SMA moving down from a long distance above the price action but this time we have 200 simple moving average support between 0.382 to 0.50 (38.2% to 50%) Fibonacci level therefore this time there are more chances that the priceline will start upward move after taking bounce from 200 SMA and that moving average this time lies at $0.5492. So most of the professional traders might set this 200 simple moving average as their stop loss and most of the traders may place their buying positions at this level by setting the same 200 SMA as their stop loss. Conclusion: At this time there are two decision making levels one is simple moving average 200 and the other one is Fibonacci level of 0.50 (50%) if the price action of Cardano will be successful to retest these levels as support and bounced from here then we may see more powerful bull rally which will lead to achieve an higher than the previous high but if the priceline won’t be successful in retesting these levels as support then we may see the drop up to 0.618 Fibonacci level which is at $0.04753.
by moon333
💎 CARDANO/USD - Very bullish pattern right here! STRONG BUYHello everybody!🧑🏻‍🚀 If you like this chart THUMB UP!👍 CARDANO shows very strong pattern name "Ascending Triangle". Also we can see Stochastic RSI in the beginning of rising. With a strong crypto market we can see the breaking of the triangle and jumping to the drew level! Good luck! All targets on the chart! ___________________________________________________________________________________________________________ Subscribe to my channel and receive fruitful recommendations regularly! 😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru
Long
by Fandorinn
3
Possible 50% return on ADA CardanoWe see ADA testing the median line of the Inside Pitchfork, but nicely rejecting the downtrend. If ADA can hold above the trend line it may shoot for the median line of the Original Pitchfork for a 50% roi. Possible targets to take profits are around: - 0.063 at the 1:1 extension based of the proposed wave 1 - 0.066 around de negative 0.618 fib level - 0.075 around the 0.382 of the impulse started dec. 2018 - 0.081 around the median line of an original pitchfork and a 1.618 extension
Long
by Fomonacci
ADA (Y20.P1.E19).Macro.If pre-requisites comeHi All, Note: This post is only for condition based possibility. Narrative: > If ADA behaves this way meaning a strong selloff then there is a possible massive opportunity in the making (Jesse Livemore funnel). (Thanks to Jacob Canfield for pointing this possibility out ) > However there are conditions for this to happen. > Right now, its just a matter of waiting to see how ADA price action behaves and nothing more. Hence I'm going to keep my eye on this, and hopefully there is a big pullback to the strong support area as per the chart. > Note, if the price breaks this pattern, meaning it does go higher, then this potential is invalidated. I'll keep you posted (hopefully) on the potential setup. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa (for my reference > Macro.charts)
by ssari