ADA 12h still can shoot wellAlmost a month has passed since the publication of the previous ADAUSDT global idea.
Since that time, the critical level of $0.17150 has withstood a hit from the bottom for the third time, and a low of the trade was $0.12630 with the forecasted $0.12000.
ADA has not yet responded to the phenomenal BTC growth like altcoins can, and it looks like ADAUSDT rapid growth is included in buyers' plan soon.
Fixing the price above still unbreakable level of $0.17150 will give a green signal for massive purchases, and accordingly, growth to $0.25400 and maybe to $0.34600.
However, it is worth mentioning that BTC closed yesterday's daily candle with a bearish pinbar.
It is not yet known for sure how Bitcoin will be fixed: in fiat or they will start transfer it into altcoins.
Therefore, one more the ADA price decline to the level of $0.13400 should not be overlooked.
Below this level, a breakthrough to $0.09300 may happen.
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Cardanoanalysis
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 1D. Purchase zone is $0.053-0.055Exactly one month has passed since the first idea on Ada was published.
We really liked how clearly the previous idea worked out. Therefore, today we will update the targets below, which we see.
It seems to us that at least for altcoins, there won't be a happy New Year.
But for those who want to deliciously shop , the New Year can give very, very cheap prices.
We expect ADA to fall at least to $0.053-0.055 .The coin can reach a global fall by testing the range $0.042-0.46.
If the ADA cost rises above $0.115, it will make us to revise our calculations.
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ADA/ETH UPDATEHello fellow traders!
Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset.
On the weekly chart there are several indicators showing bullish momentum.
MFI- really oversold to the point where we really haven't seen these levels for quite some time.
RSI- Nice bounce off of a key support area
also we have a WEEKLY bullish engulfing candle, signifying that we might go higher.
please like if you enjoyed this content also not financial advice just my thoughts ;)
ADA now in a bullish structure. Pullback and then take off. ADA has broken Bearish Weekly Structure, as a result, we can confirm the beginning of a Bullish trend
Now looking for a minor pullback to grab liquidity at my yellow target at $0.05-0.052 followed by a move to $0.113
Once we pullback We will see a phenomenal long opportunity - an easy 50-60% return
Market Structure is key.
Hope This Helps.
Don't miss the great buy opportunity in ADAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ADAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.0904
TP2= @ 0.1011
TP3= @ 0.1135
TP4= @ 0.1555
SL= Break below S2
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ADAUSD - Which side are you on?--- Please if you find this informative and/or agree with the idea don't forget to give a like. Thank you! ---
It seems that after again testing recent highs in early May, Cardano is sort of waiting for a big move, as other coins are as well. It is just matter of strenght!
It is slightly looking for the resistance level formed by the highs of June 2019 and February of this year.
To be honest, it would take a couple of days in green to reach the 0.786 level and consolidate that area for more growth. On the other side you already know what there is. ;)
In a two-hour view we can see how right now it is trying to return to the highs of April 30, with rising RSI and without being oversold. So far, so good.
We leave this analysis before the imminent supposed golden cross in a few days is completed and thus be able to see the result.
And which side are you on?
Thanks for your appreciation.
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.
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#Cardano | USDT Breakout !#ADAUSDT
We notice that the price has breached the descending channel, and we expect a period of bullishness in the coming weeks for the #ADA coin
Do not hurry to buy, the price may go down to good places
Do not risk a large amount of your money
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