Cardano (ADA) Bullrun It seems like the entire cryptocurrency market has went through a healthy correction. It seems like Bitcoin has very strong support and has not broken $9,000 yet. If 2017 repeats, that means the entire market will flourish WITH Bitcoin. Some believe that once Bitcoin takes off, altcoins will fall. But, looking at the 2017 bullrun, you can see that was not true. At least not true for the top 20-cryptocurrencies. So, what do we have here with ADA?
ADA corrected over 50% since June 26th
RSI on 1D is bullish
MACD on 1D is bullish
There is no guarantee that ADA will fall to $0.39, it may take off at anytime.
Thoughts?
Cardanobtc
ADABTC has hit the support of wedge and entered in PRZ of SharkPriceline of Cardano / Bitcoin cryptocurrency is moving within wedge and has hit the support.
After hitting the support MACD is turned weak bearish from strong bearish and Stochastic has given bull cross.
The price action has also formed a bearish Shark pattern and entered in potential reversal zone.
I have defined targets using Fibonacci sequence.
Buy between: 0.00000466 to 0.00000453
Sell between: 0.00000516 to 0.00000530
Regards,
Atif Akbar (moon333)
ADABTC quick short opportunity (entry 4D ago)So entry on this trade was posted roughly 60 hours ago.
I’d recommend closing this trade & exiting by end of today — if you do choose to hang on longer, be weary as BTCUSD starts to pick up traction — alts will lose theirs.
TP1: 517s
TP2: 557s
TP3: 571s (SHORT)
Stop @ 479s
Disclaimer:
Trade safely! Use your head and not your gut! Follow the money by following the indicators. Cheers.
Cardano Analysis!! MA Cross??Bitcoin has shown a drop of near 9% even with the bullish Fundamental news. However, it has been making lower highs since July end.
This seems to pump a few altcoins especially those on Bitmex.
Cardano is making lower highs, so there is a high probability it can get rejected after 549-550 Sats which is also a strong resistance.
If it successfully breaks it out then the next target would be around 630 Sats.
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ADABTC has hit the lowest support ever | Upto 189% expectedThe priceline of Cardano / Bitcoin cryptocurrency has touched the 0.00000570 sats support which is not broken since Dec 2017.
After hitting at support the MACD is turning bullish.
The RSI is oversold and moving up.
Sofar since 2017 the price action is making lower highs therefore I have taken the Fibonacci projection of last high and lowest point and set the sell targets accordingly.
Sell between: 0.00001095 to 0.00001650
Regards,
Atif Akbar (moon333)
ADA SET FOR BIG GAINS IF MARKET TAKES BACK LOSSESWell... Here we go...
Alt-coins are looking primed for a rise but this could easily reject if Bitcoin goes up again.
So always trade with a stoploss and this is not financial advise. A number of coins are looking like this when you open the chart.
Just need that Bitcoin Dominance to come down...
Ada LongCardano has been making higher lows from the past few days.
Open long around the range 560-570 as it is forming channel down the pattern and soon expected for break out.
On the other hand, RSI is showing positive divergence.
Hope this plays out soon
Stoploss below 540 Sats
Note- For Educational purpose only not investment advice.
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