Cardano IdeaCardano has formed a strong horizontal range on the BTC pair, which has recently seen some bullish movement
Fibonacci spiral shows a clear head and shoulders pattern on the BTC pair
On the USD pair movement upward can be expected between the two fib spirals
And a bullish rising wedge?? Maybe..
Cardanobtc
Long Term downtren line broken on CARDANO.Hello Traders,
ADA/BTC seens to be broken a long term resistance line, and we may be testing the next important Resistance levels, market as RL in the chart, we have a mon target market in the chart as well.
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ADABTC -> Aiming to test resistanceLong Cardano ( ADABTC ) here.
Strong pullback from support on weekly timeframe and steady growth.
First target 540 satoshi, second one - 630 satoshi. Invalidation - falling below weekly low.
Sneaky option - Trying to catch wick into 450 level, left some bids there.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
ADABTC parabolic following inverted H&SI was dumbfounded to see that I hadn't done many publications on cardano (not since last december) and given that it's one of my favorite alts with a solid roadmap, great team of devs & a genuine whitepaper alongside KYC transparency & Charles' vision for what is essentially XRP on steroids...
Personally, I read the whitepapers, roadmaps, research devs & budgets, supply & demand, consumer confidence, etc. among other variables on ANY/EVERY coin and/or token before I take a major (or even minor) position -- I cannot stress this enough. You wouldn't buy a product or service if you didnt' know what it did, would you? You wouldn't buy a stock for a company you've never heard of, right?
So it baffles my mind how so many "traders" will take such large entries on alts with >=500 mil in global mkt cap & have NO idea what that alt is other than the name/symbol/logo avatar. If you're day trading, youre gambling. If you're swing trading alts you've never heard of -- it's no different. Some of you wallst tycoons -- traditional instutionatal investors; beit stocks/real estate/commodities/whatever; seem to make this mistake so often I cannot begin to tell you (if I had 1 satoshi for every time i've seen it) a forex trader with decades of experience dives headfirst & tosses half his liquidity into a shitcoin only to get stomped out of the market during bedtime.
This is what makes stop losses so essential. This is why I hammer on the red horizontal as the QUINTESSENTIAL KEY ONE; with TP 1-3 or 4 green horizontals ALL PROSPECTS, NOT GUARANTEES. It's common sense to buy low & sell high, yet nobody does it. Case in point: Q417/Q118 I had about everyone and their mother blowing up my phone asking "teach me about crypto" "what's this about bitcoin" etc. etc. yet when we bottomed at the mid-end of Q4 during cryptowinter at $3700, I had LITERALLY 0 people ask me about crypto ONLY for that number to surge to about a half dozen people when we capped at 10K earlier in Q1.
Ultimately a good trader is not just one who only exhibits a great deal of knowledge, experience, research & practice. These are all prerequisites (and a given at that) yet the only way to make money in this "wild west of wallst" as I like to call it is to formulate a strategy, stay disciplined, NEVER FOMO/FUD, and DON"T DEVIATE FROM THAT STRATEGY. ALWAYS set stop losses and you'll be golden.
I implore anyone whose still struggling to get their footing to checkout my "10 Crypto Commandments" (which Il'l post below) as it has been an invaluable guide & the sole compass that has reaped the majority of my ROI for the past 12 consecutive quarters (even during cryptowinter) where I've managed to net positive on BTC gains.
I implore anyone to read it -- truly, it's something I really lean on as these 10 rules are my biblical goto guide for all things forex crypto trading. I can honestly say had someone provided me with a formula for trading asimilar or exactly like my 10 crypto commandments -- I'd have saved myself tens of thousands of dollars in painful trial/error "learning experience" losses...to date it's only been more fine tuned & anyone who has the mental fortitude and real passion for a full time career in crypto/blockchain I suggest you think twice & fully immerse yourself in what it is you're getting yourself into and if its for the "lambos" than you best turn around now and save yourself a world of hurt (and paper) so with this guide, something I highlight in my bi-quarterly crash course and teach to my cohorts as it is the 10 crypto commandments for a reason: each rule is a check/balance on the former or latter & the collective culminates into an effective always win never lose strategy GIVEN that you never PIVOT or DEVIATE -- but I digress, if you're curious to read more simply DM me on twitter/linkdeln or check it out below. it truly is invaluable in terms of the points I really press on and the mental fortitude necessary to survive in this game.
Now why did I refer to cardano as XRP on steroids?
One of the core missions of the Cardano project is to develop a decentralized blockchain and cryptocurrency with smart contract capability, as well as delivering more advanced features than any protocol out there. Cardano has made financial smart contracts simpler through the Marlowe Project. Marlowe does this by allowing the user to write financial smart contracts by simply visually composing known building blocks. The existing building block toolbox has three categories: observations, contract and the money to be transferred in ADA.
Evidently one day Marlow will be used to faciliate & simplify the creation of nodes & smart contracts to power cross-border payments or even peer-to-peer automated payments.
Looking at the future of Cardano, the smart contract capability on the Cardano platform could create something similar or better than Ripple’s xRapid.
So picture an untapped market of roughly 2-3 billion between India/Southeast Asia & parts of China: cardano (much like OmiseGO) are two tokens that I've always favored & to this day keep in my SUPERLONG portfolio in my vault/nano which mainly consists of low risk/low reward coins/tokens and has a cookie cutter diversified portfolio that is set to HODL until Q32022 -- at which point I would have not only accrued X where X = price of assets in the portfolio but also +43% APY which (between Blockfi, MCO, P2P, OTC, and other lending methods) I've created a NO risk ALL reward total of almost 45% guaranteeing a 150% increase in each asset while time runs its course.
So the hope there is that (hypothetically speaking, XRP -- one of the tokens in that portfolio --- I loaded up 100,000 XRP at $0.04 a token a long while back and while it has increased tremendously, I firmly believe it'll increase exponentially by Q32022 & by Q42022 that one portfolio alone should be able to secure my mortgage....though I digress.
I try to include a little writeup/oped for you folks as everyone else is just drawing lines & projecting analysis -- i want to highlight that since 2015 I always have and always will be focused on education, integration, global adoption.
I'm considering starting a youtube channel -- though still deliberating. I'll get back to you all on that. But without further adieu: your Cardano signal:
STOP 479
TP1 506
TP2 514
TP3 526
Keep in mind all indicators are working in our favor though as BTCUSD continues to trend sideways market volatility can swing the pendulum in either direction -- so SET THE STOP LOSS & BE VIGILANT!!
Peace & Love
#WednesdayWisdom
-@a1mtarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Have a wonderful day!
Cardano buy areaCardano USD pair has formed a falling wedge this a bullish pattern. Amid the falling wedge their is a large resistance zone, above this resistance is a nice possible buy point. 3 Waves down can also be observed (highlighted in red) if a breakout doesn't occur to the upside a drop creating the third wave down and consequent double bottom is likely.
ADABTC: Global support could be broken soonADABTC tested global support 5 times, for how long will it hold?
I like the project, tech side, but as a trader don't touch this, I think the next test could provoke a big dive.
Information is just for educational purposes, never financial advice. Always do your own research.
ADABTC formed bullish BAT | Upto 16% bullish moveHi folks, hope you are doing well. In my previous post on Cardano with Bitcoin pair we have seen that the ADA had completed the formation of bullish BAT pattern. This chart was based on 12 hour time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level.
Then we have witnessed that the price action moved up and entered in the target sell zone. This time the Cardano gave more than 20% profit for its traders on a short term 12 hour chart.
A new harmonic BAT pattern:
This time again on 12 hour chart ADA has formed another harmonic bullish BAT pattern and entered in potential reversal zone. And giving another chance to earn more profits.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci level.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00000441 to 0.00000431 sats
Sell between: 0.00000465 to 0.00000501 sats
So this short term trade can has capacity to produce upto 16% profit.
Stop Loss:
The potential reversal zone area that is up to to 0.00000431 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
ADA at strong supportWhile the world economy fall apart, crypto market also experience bearish mood, while still look much batter than S&P500 or any other index. Will crypto become safe heaven or not, impossible to predict, but it will certainly be the one to pump hard once situation with virus normalize.
ADA price at support left since December'19/January'20. Used to be strong support, but since already cut through on last big dump, lost some of its strength. Still a good spot for a bounce.
And week timeframe
ADABTC | local breakout potentialTechnical analysis of timeframes from 5 minutes and up to 12 hours reveals a high possibility of breakout at ADABTC pair
There is a strong ascending trend support has been formed during last days. According to RSI we see that the coin is very oversold and accumulates momentum power. Fundamental analysis confirms that the price of Cardano is undervalued and intrinsic value is higher. Such situation arose due to Bitcoin market crisis thus we see a great entry opportunity for ADABTC pair.
Entry range, stop loss and accurate targets are in Premium channel.
ADABTCADABTC Trading Plan.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Cardano Trading IdeaHello Traders,
Cardano Corrected its previous upward movement in 0.5 of Fibonacci just above an important support level. That would be a great point to open long position with low risk and great targets.
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Cardano Trading IdeaHello Traders,
Cardano is close to a strong buy zone. Perfect zone to be used as a protector to a small stop. The chances are huge that when the market becomes bullish again Cardano will continue its upward movement to the next important resistance zone.
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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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💎 CARDANO/USD - Very bullish pattern right here! STRONG BUYHello everybody!🧑🏻🚀 If you like this chart THUMB UP!👍 CARDANO shows very strong pattern name "Ascending Triangle". Also we can see Stochastic RSI in the beginning of rising.
With a strong crypto market we can see the breaking of the triangle and jumping to the drew level!
Good luck! All targets on the chart!
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😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru