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Cardanobtc

ADA.USDT (Y20.P3.E5.v3).Looking for the next longHi All, *** This is a continuation of the previous posts *** OBSERVATIONS: =============================================================== 2 Day, Weekly and Monthly charts below; 1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support; 2) Funnel formation\structure at the macro level; 3) Daily chart shows reversal signs on both the structure and indicators; 4) Daily shows we have the 21 ema resistance; 5) 2 Day indicators shows the following: > Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year; > KDJ is more responsive than the MACD and is showing signs of a reversal; > 2 Day candle stick is bullish; > Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon; 6) Weekly chart shows the following: > Large rejection wick to the downside from the MR (Monthly resistance level, now support); > Rejection form the weekly resistance level; > 21 weekly EMA has confluence with the Monthly support; > Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line; 7)) Monthly chart shows the following: > Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month. > Resistance was and is the previous monthly resistance; > Monthly candle is less than half the previous candle, showing momentum coming back; THOUGHTS: ================================================================= If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal. ADA is one of those coins that you should have going long; Next year has many things going for it with many developers having interest on this platform; Daily chart: 2 Day chart: Weekly chart: Monthly chart:
Long
by ssari
1
ADA CardanoCardano during the Bull Run period showed 280% net growth paired with Bitcoin. At the highest point on the chart, I saw good sell volumes. At the moment, the trend line is a magnet that we are going to reach. Since there is still a bullish market trend, I expect an upward rebound from the trendline, and only thus we could talk about the continuation of the uptrend. Otherwise, the local bullish scenario will end with a decline to the next support zone at the chart. Best regards EXCAVO
by EXCAVO
9
ADABTC can run upto 250% Potential Gains The Chart currently shows ADA (Cardano) has the Profit Potentials of Around 250% and above according to charts with the price playing above EMA200 and the ADA has few very strong Fundamentals coming in near future. As we have seen ADA being Strongly Bullish for Month of MAY JUNE & JULY just after the announcement of its SHELLY Upgrade. They IOHK team is now gearing up for its Another Upgrades to Gougan & Voltaire in near future enabling Smart Contracts & the rumors of Coinbase Listing. Apart from Fundamentals we can surely See the Charts Showing Good Entry Points Given In Blue Markings & The Green Lines Can be Good TP's. Thanks Aanuj Tated. This is Not Financial Advice. DYOR
Long
by aanuj.tated16
4
Cardano (ADA) Will Be Bullish Ada / BTC is in correction phase right know after massive growth.. We can see the oscilators are on overbought area, that the indication of correction almost come to end and it will start to bullish again. For the target, I think the pair will continue the correction until the green lines and then bounce back to purple line Be careful to catch the downtrend because you can bleeding if you catch a falling knife, i recommend you to wait for candlestick confirmation first before go long
Long
by SultanProfit
2
ADA/BTC Makes Contact With Long Term SupportBINANCE:ADABTC Has made contact with the green support zone for the first time in September 2018. Ever since then, it had flirted with the zone till the break of june 2019. The support zone hasn't been touched since june 2020 where it has been made resistance. However, the price quickly rose and finally, in this correction, the price has made the zone support again. This makes me extremely bullish for Cardano in the long term. This does not mean the price can't go lower on the short term. The zone goes all the way back to 1000 satochi, which is 15% lower from the current price. However if the price can stay above the green support zone, then good good prices will be reached for this cryptocurrency.
Long
by VinanceYT
A more formal approach to ta ADA/BTCSwitching gears here and trying out a new approach in my analysis. In a nutshell: Cardano (ADA) had a wonderfull spring and is primed to perform well in the future. Price is up for a correction, any pullback into quarterly support has a moderately high probability to be a bullish retest of previous high timeframe structures according to this analysis. Evidence #0 - deriving directional bias On this weekly view we can see that monthly support has held and fuelled pice to break through quarterly resistance which up to this point has not been tested. Evidence #1 - indication(s) of continuation The 50 week simple moving average (sma), the aqua coloured line, looks like it has finally bottomed out and is now pointing upwards in an amazingliy bullish manner. Supports the directional bias? - y Evidence #2 - indication(s) of continuation The 21 sma (violett coloured line) and the 100 sma, the green one, have crossed and performed what is a so-called bullish cross-over. Supports the directional bias? - y Evidence #3 - indication(s) of continuation Price broke quarterly resistance and went ballistic. Furthermore, the quarterly resistance has not been visited form the downside, which should happen in order to give bulls the final permission to make it go parabolic. Supports the directional bias? - y Evidence #4 - indication(s) of continuation Very low probability evidence, because the variables gathered for this are highly prognostic, nevertheless we can see that the 50 sma (aqua) and the 100 sma (green) will eventually perform a bullish crossover. Supports the directional bias? - y We guess possible scenarios based upon the directional bias (evidence #0) and the feedback of the other evidences (indication of continuation). Option #1 - possible price action structure (bold line - higher probability) It is likely that price will start consolidating and eventually break down in order to retest the quarterly level. Any dips below this level are allowed as long as they are bought up, any weakness around that level should make you very cautious, anyway it is crypto - always have to be careful. Testing the quarterly level and refuelling for another leg up would make sense and is one of the most possible outcomes of the near future. Taking the overall bullish indication into account there is also the possibility that it goes parabolic right away, which would make the upcoming correction much more severe. Option #2 - possible price action structure (light line - lower probability) If there is any weakness in form of high timeframe candle closes below quarterly support there is a probability that it was just an overextension of price and that we are going back into the old range between the quarterly and monthly levels. Cheers!
Long
by EtherMinerLSO
ADA.BTC (Y20.P3.E4).Bullish structure taking placeHi All, Some thoughts around ADA in the short term. All Bullish. If we look at the ADA.USDT chart, we can observe below why it made a break out. Note the following: > fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks. > the next level is a strong resistance with a no. of rejections at this level. But eventually it will break. > So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news. :::::::::::::::::: Observations ::::::::::::::::::: > Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance. > All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD. :::::::::::::::::: My thoughts :::::::::::::::::: > I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle. Macro level targets based on inverted BARR strategy :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: ADA weekly chart > Conclusion, more room to go higher Note indicators and MS\MR (monthly support and resistance levels) levels Enjoy, Please give me a like or tick for this post
by ssari
2
ADA/BTC: Assessing ADA's Insane Parabolic Move 2D (Jul. 27)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ Parabolic moves are extremely common among cryptocurrencies, as there are no market brakes like the stock market. In this analysis, we analyze ADA's insane parabolic move through the parabolic curve model, and assess its probable next moves. Analysis - Firstly, a parabolic move is normally consisted of 4 bases, or phases of consolidation - It starts with the asset consolidating and breaking out, only to consolidate at higher levels - This step continues as the asset keeps breakout out to higher levels during shorter periods of time - Eventually, this leads to the formation of a parabolic trend - In the case of ADA's BTC pair chart, we can see that it has already gone through four phases of consolidation, marked by base numbers - At the end-point of base 3, the asset is normally most likely to double. - ADA has seen a 80%+ move from the end-point of base 3. - As the parabolic trend extends, not only does ADA have a hard time reaching new highs, it also has formed a massive extended bearish divergence - The bearish divergence shows higher highs on the price and lower highs on the Relative Strength Index (RSI) - The Moving Average Convergence Divergence (MACD) shows a potential death cross as the bullish momentum weakens What We Believe We believe that ADA had a phenomenal bullish rally. However, considering the nature of parabolic trends, it's important for traders to wait for further confirmation for a bullish trend negation. Let us know what you think in the comment section below Trade Safe.
Short
by XForceGlobal
12