ADA/USD possible support and resistance zonesThese zones are merely an indication of where ,in the past, there has been conflicting market psychology. Meaning there were people on the bullish side but also people on the bearish side. This could mean that at this price people take a profit or become less confident in the coin. Therefore we can use these zones with proper knowledge of price action and also an understanding of the current sentiment of the crypto market to make and informed "guess" on the direction of ADA/USD. You should not "expect" the price to do anything , you should merely follow this because it is the most likely outcome based on all the knowledge from price action, market sentiment and an understanding of the fundamentals of crypto and trading. Being "likely" does not guarantee the outcome and I can not even guarantee that it is indeed "likely". Don't be too attached to these lines you draw on a chart. They highlight interesting things, they are not "laws of the market" or something like that.
Cardanobtc
ADA ready for another goAfter a 25% drop, in line with the current market, we could see a further continuation to the upside. I'm expecting a touch of the first support zone. If we then put a stop loss below the second support zone a rally towards the most recent high will give us a nice 3.5 R:R
A strong move could take us to the next resistance at 3840 sats (dating from 04/2018)
Are you bullish or bearish on Cardano?
Buy ADA. Lose deposit. Greed won't let you close your position.How much more can ADA grow?
If you look at all the previous movements of this asset you may notice, it won't grow 1000 times. Perhaps it will grow by another 60-70%. This idea can't be confirmed by anything, it's just likely.
But the bulk of people are buying this asset now. (if you can call it like that). There is a high probability that these traders may not have a chance to sell theirs ADA coins before the fall.
The nearest support area is $0.37-0.38
Risk/Reward less than 1. (Such a Risk/Reward is called gambling.)
Can Ada outperform Eth next bullrun ?ADA / ETH
ADA was one of few coins last week its reaction against Btc dump was amazing and didn't drop hard like most of others
Here with ADA / ETH pair weekly chart :
we can see strong resistance since 2018 just broken few days ago
This mean if the bullrun is still vaild we can see ADA outperform ETH in next bullish wave
Important : weekly candles must close above this resistance and dont close below again
Remember ...You should have a plan before trading and expect everything
Dont trade what you cant afford to lose
Best wishes
ADAUSD approaching a crossroadADA looks to be approaching a crossroad that would likely lead to a break out upwards. This could mirror Bitcoin's current upwards trajectory, but at an accelerated pace.
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This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
ADA CARDANO - Volatility inboundOur updated chart on ADA Cardano shows that volatility is expected now. In the last 24 hours the asset has been lagging vs Polkadot, Ethereum and other major competitors which can easily be explained due to the fact that it has been outperforming the basket for the last few weeks.
The price will exit the wedge (triangle) very soon and volatility is guaranteed. Direction? Probably higher but a dip to previous support can not be crossed out
Plain and simple ADA analysis TODAYPlain and simple ADA analysis TODAY BINANCE:ADAUSDT
ADA is in full hype mode, so i posted a little video yesterday at the peek , to warn everybody as it was spiking.
Turned out, i was right.
So, the bearish signs were too obvious... Bearsih divergence, volume and so on...
However, the parabolic move is still intact.
BUT
Many other cryptos broke it during their rise into this 2021 bullish cycle.
I would be really surprise if ADA was able to stay inside his parabolic move.
Chance are high that we might revisit 1$, so patience for now, stay away from it.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
See you all tomorrow, and don't forget to smash that like button !
ADA Cardano - over 650% rise since post 1🤩I have expressed my admiration for the Cardano project in a few occasions, especially as my 'Valentine's day coin' .. an affection based on fundamentals and technicals.
Cardano has proven to be the best option and yes I do expect it to rise further... to at least 3$ a piece
Some call it ETHEREUM KILLER . I just like to call it ADAMANTIUM COIN , where it's strength is the technology and it's team's values.
When it comes to cryptos, research always pays out- just remember to combine it with technical analysis.
Thanks ADA,
the FXPROFESSOR 💖
ADAUSD upwards trend maintainedADA seems to be maintaining the trend projected earlier for its upwards trend. It such an exciting thing to watch.
Side by side with Bitcoin the rise of Cardano (ADA) is phenomenal, which goes to show how strong its fundamentals are compared to any alternative coin.
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This content is for education purposes only. You should not execute any trade based on it. Please do your own research.
Cardano HYPE!Cardano has performed extremely well over the past few weeks
Currently on the BTC pair price is perched above 2.618 on a medium term fib circle trend
Price movement has been relatively flat however when compared to the USD pair
I expect the USD pair to move up to the nearest fib challenge of 3.618 within the circle
Assume a buy scenario
Green circles are areas of support
Red circles are areas of resistance
ADA try to flip strong resistance to supportADA / BTC
This is the third week bulls try to push price above strong resistance with the BTC pair
The resistance since 2018... flipping it to support will make ADA extremely Bullish toward 0.00004 area as first target
Ofcourse there is high chance of success Specially if the btc dominance drop next few days - weeks
Until that we just watch
Lets see your opinion below !
CARDANO INSANE JUST AS EXPECTEDI mentioned yesterday that ADA was forming some kind of a flag and it might try to explode to upper levels shown on the pitchfork. With the project being so hyped and all the recognition it got in the past few months this 1$ mark was quite inevitable.
I’m so happy we got to see it right when we were expecting it to happen.
I’m sharing the same graph so that you can see how possible this price action was.
Hope Cardano does much better in the future.
-not a financial advice-
CARDANO (ADABTC/ADAUSDT) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin & Ethereum!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
ADABTC
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 2110 Sats and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ 2110 Sats, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
ADSUSDT
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $0.98 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $0.98, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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CARDANO BACK TO 1 DOLLAR?? 😍💸IMPORTANT ADA UPDATE!! 😍
Good afternoon everyone! So, after a couple of days of sideways and downward action, we see a potential break of the downtrend of cardano! You see the blue line in my chart, if the 4hr candle can close above this line, we can see cardano going up again to 1 dollar for another try to break it! 💸
HODL HODL HODL HODL!!
Never sell and only buy the dips 🚀
(not financial advice)
🤩Attaboy - ADAmantium 🦍Wow... This went REALLY well - (Gracias Jose 💫)
Ethereum's competitor Cardano was a great call.
Outperforming the rest in the category and looking healthy technically from day one.
Few dips bought nicely and dinner served today.
Are we out now? No... we do what we ALWAYS do: take some profit, leave some for higher, be able to buy new dips when they show up.