CARDANOADA
ADA going UPLooking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
ADA/USD Goodmorning CARDANO - Lets play with Elliot - Reversal!Hello Trading Maniacs!
Cardano is preparing for an outbreak very soon as you can see on the chart. 5 impulse waves to the downside finished with a nice ending Diagonal Reversal pattern. Shown between the blue dotted line in the right corner. Based on all other coins, who have had this pattern in the last couple of days, did the same as you can see in my other predictions on BTC and VERGE, the Bullish outbreak is imminent! All the targets are marked on the chart. Happy trading and lets make money :)
When you do make money from trading, don't buy me beer or dope, I have enough thank you. Give to people in need, look around you and you will find!
Tomasso
ADA - what a stupid bloody name, baby name. Baby growing up 200%ADA, well well well. huge coin that had massive hype towards the start of the year. The general concensus is that this coin is great, has amazing developers and a very very very well thought out and jam packed roadmap. Lots of positive vibes around the coin, but also do take in mind that they don't really have a lot to offer right now other than a mainnet and wallet. They are trying to compete with ethereum as a platform for smart contracts and dApps, in a market that is already filled with competition, there's no guarantees that this coin will succeed, however the roadmap on cardano looks very promising.
Short term - neutral to bearish. Bitcoin looks like its not finished with correcting yet, cryptocurrencies have largely fallen off the normie radar and are taking a break (quick search on google trend trends.google.com) shows that normie interesting is starting to cool off, in preparation for the next bullrun.
long term - bullish
Buy zone: 2 zones - 0.618 fib retracement: 0.00003690 - 0.00004190
- 0.718 fib retracement: 0.00002286 - 0.00002748
Sell zone: Only 2 in mind. I like mid term targets and dont worry about short term goals.
1) 0.00012000 - 0.00012500
2) 0.00017000 - 0.00017500
Me? I'm going to hold onto this for many years to come :)
Fundamentals: ADA just has regular roadmap updates, They don't really offer timeframes as to when they complete stages in their development, but the closest one thus far looks to be the Ouroboros Staking protocol, which would allow ada holders to stake their coins. This would be massive progress for the coin in general and would serve to be a reasonable catalyst to catapult this coin up to the 1st target for 200% profits.
Technicals: ADA has just completed its 1st 5 waves up of a supercycle up and is in a corrective phase right now. Currently riding between the 0.618 to 0.5 retracement levels right now. ADA looks to be forming a 5-3-5 zig zag corrective pattern and in the C wave thereis almost alway 5 subwaves within that. Something i notice about cryptocurrencies is that they do like their extended 5th waves which leads to me to believe that ADA may not be finished correcting yet and may see the 0.718 retracement region which is why I've provided 2 buy zones.
RSI on the daily is approaching the bearish zone of 30 and MACD looks to be curling up ever so slightly. This shows the that ADA is close to finishing its correction but that's definitely not to say that its out of the woods, because it most definitely isn't, there is still room to correct, but the room to correct is running out of space as we speak.
Using a conservative Fib Extension we target a little more than a 1-1 extension for the 1st target, because Elliot wave theory states that the 3rd wave is often the longest but never the shortest and 2nd target is derived from the final elliot wave targeting just a little above the 1.618 region on fib extension.
I'm still learning TA, any advice on improving my analysis would be GREATLY appreciated. I welcome any criticisms and feedback.
So go ahead and grill me :)
CARDANO ADA BTC PRICE ANALYSYSCardano is a strong crypto coin with strong community team right now market is red and bearish but cardano is at strong support of fibbo from here it can bounce back chances are high, right now the price is 4500 sats try to accumulate between 4200-4500 sat there is roadmap update coming on 05 February we can expect a good short term returns from this coin
targets Short Term
1....6300 sats
2...6800 sats
target for Long term (1-3Months)
1...7400 sats
2...9000 sats
3...12000sats(must be sold at this point in long term Because after uptrend definitely there's going to be downtrend can retrace back to 5000 sats after this point reached)
Good Luck
Stay Bless.
Cardano (ADA) ADA/BTC looking for momentum shift after ABCDE.As ADA continues to retrace, to previous untested levels over time, we look for the end of the ABCDE correction before making a long-term entry.
After the current retracement trend finishes, the market would most likely be looking to reverse the momentum towards a positive-trend after untested levels are supported.
ADA/ETH - Cardano - Bullish Rally in Minor 3ADA/ETH has pleased me those who followed by unfolding as I was expecting it, not disappointing.
In fact, it tripled in value, as mentioned in the previously posted "Cardano – ADA/ETH – Bullish 5th Wave" .
Cardano was released recently and it’s looking like “the next big thing”.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Since the time the targets were reached, ADA/ETH dropped like a rock, as expected and signaled to my private followers.
The Retracement unfolded as a Double Three (WXY) pattern, with a Triangle visible in Minute Wave X (blue).
This sell-off would represent Minor 2 (purple) and would finalize at or around the 0.00036 Levels , which I will be watching like a hawk.
Cardano could benefit from the temporary weakness which I am seeing in ETH and BTC and could start a much bigger Rally, one which would lead it towards 0.0040 .
ADA/ETH - BUY Position:
Entry - 0.00036
SL - 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040
Many pips ahead!
LONG Cardano, long-term Buy opportunity for ADABTC. Hunt it!Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.00004887 to 0.00003881), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
Take Profit:
TP1= @ 0.0000635
TP2= @ 0.0000915
TP3= @ Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 53.
.Current short-term is range bound, but beginning of uptrend is expected.
CARDANO (ADA) ticking to explode!BITTREX:ADABTC As we can see the graph has slowly melt down like an ice cream. But we are the freezer and we will resuscitate this resitance in next hours !
WE all LOVE CARDANO chart, as we can see nothing is stopping the next bullish.
Short term profit at least +30 %
Long term trade TO THE MOON
The lark Volume Momentum is ticking, and the new buyers are at the door.
Glad to trade, happy to be here!
Namaste!
ADA Long Opportunity. The price of Cardano's token adabtc has recently pulled back ~55% from its all time highs. While this may sound frightening to some of you who are new to crypto currencies, this is very normal in the space and is actually very healthy. Now the price of adabtc is at a critical junction. It can either hit resistance at the 50% or 61.8% Fibonacci retracement levels ( as seen on the graph, The 50% level is indicated by the red arrow). If it hits resistance at these levels and begins to resume its fall those adabtc holders should probably think about reducing exposure because that is a bearish technical indicator. If It breaks above these levels along with high volume it is very bullish. My price target is assuming the latter happens because that is historically how adabtc trades. Of course past performance is not indicative of future results. The price target was established by taking the previous move in adabtc after having a 50% correction or higher, and then translating it to the current price action.
How this helped Comments are encouraged I will try to respond to all of them.
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Cardano: All the cool kids are doing it, and you want to as well(Note: This was published under 'wave analysis', and I am republishing it without tags so those who are searching "ADABTC" will be able to see this.. This chart also uses 4hr candles rather than 1hr... targets are slightly adjusted)
BTC 4.12% looks like it will be moving sideways for awhile... perhaps it will see some rise when the Koreans put their money back in, or Americans receive tax refunds... but we are not here to talk about Bitcoin 4.12% , we want Cardano!
The insane amount of push behind the demand for this coin will keep it above .50 from here on out, and we could be looking at $5 by the end of the year... (hopefully)
Anyways, short term, looking at the fibs, I see a few areas where the algo traders might be making moves.. When Cardano has a runnup, it tends to follow the technicals pretty well, as most high volume coins should.
So, hopefully, we will return to our all time high position IF Bitcoin 4.12% remains dormant over the next week or two. Whatever happens, Cardano is an excellent buy for a long term hold.
Cardano ADA continious uptrend as 5000 satosis seems to holdAs my double Fibonacci setup shows, Cardano ADA is at some solid support.
It also made its initial move already from the double longterm 50% and medium term 61.8 levels.
Next targets are Fib extensions as I am used to.. first 11000 satosis next 14500 satosis