My original post for a possible sell off in Cardano can be found here I have updated that particular post as it was based on Elliott wave analysis. I decided to look at the trendline in Cardano in this post and also look at where support is to investigate what current price action offers in terms of risk to reward. The current sell off in Cardano which started...
Cardano made a high of 0.00009180 BTC on Jan 4 2018 and has been selling off since then. Wave W of an Elliot wave cycle is believed to have finished and is labelled wave w(in red).So far, the sell off in Cardano is shaping up as a WXY Elliot Wave structure, and we are in Wave Y of the WXY structure. Also shown on this chart is the long term trendline of Cardano...
Hello fellow traders! Cardano has been steady dropping since it's peak at the beginning of the year. Is this the floor we have been waiting for? Quite possibly friends. Let's look a couple of things on the 1 day chart that make me bullish on BINANCE:ADABTC . First, notice the light blue channel. Back at the beginning of the rally Cardano had last year,...
Hello, I have indicated the support area at which you should expect the price of ADA to reach in case BTC goes through one final correction wave. Here is my previous ADA analysis: Here is my most recent BTC analysis: ~DCFreak
ADABTC - Long 4HR Chart - similar pattern formation. Flat until the correction is over. May drop a bit more. Must see heavy volume increase before buy.
Looking like Cardano will have another bull run soon! RSI Indicator says we're way oversold... Seems like we always get a pop from ADA when this occurs. Targets 4700 5781 9200 Stop Loss 2360
Cardano ADA has positive long term potential - RSI with MACD positive Chart is self explanatory with minimum targets outlined there Like if our charts help you! If you don't follow us, you won't receive updates! Do not invest what you can't afford to lose. We are not your financial advisors.
CARDANO ADA/BTC Target 1: 0.0005100 BTC Target 2: 0.0006000 BTC Target 3: 0.0006700 BTC Target 4: 0.0007600 BTC Target 5: 0.0009000 BTC Support Line: 0.0002850 BTC
Looking 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....
#ADA Cardano is wedging out now currently sitting at 4.1k satoshi. Two possible support bottom yellow line or blue line. If wedge breaks to the positive we could see price go to 5k or even 6k. I expect hard resistance at 6k if ADA takes off from this wedge.
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...
Technical analysis: CARDANO is in Range bound but Resumption of uptrend is expected. In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend . The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 44 and above a RSI...
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.
Cardano joins the bearing coin market today as the bearish trend continues. We see today where at the bottom of the Bollinger band and I am afraid it may break which tells me were in for some sells. Sell volume is slightly up since yesterday though the bands are starting to expand slightly. I think we will continue the bearing trend, RSI and MACD all trending...
#ADA Cardano will most likely rebound to the positive off this wedge as it has in the past. Number 5 in total market cap, just waiting for some volume to get back into the 5.5k - 6k range.
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...