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.
Cardanobtc
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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ADAUSD wave idea reformed thanks to a follower.So my analysis on the simple layout was a bit off with wave structure. After a follow pointed it out I decided to post it for everyone. Essentially with the double zigzag idea impulse double correction impulse..is pretty much the idea of elliot structure with wave 3 being the largest followed by a bullish XABCD butterfly if you observe it as harmonics.
With new investors entering, prices are getting a discount. I too have taken advantage of the fall. I ladder my positions every 5 to 10 cents or so since I am in the long term game.
Would love everyones thoughts about Cardano and their projects. Please like and share your thoughts below!
A more in-depth view of ADAOkay i know I've been harsh on ADA the last few days.
Let's look at the positives:
- Falling Wedge pattern (bullish)
- Bullish Divergence
- MACD close to flipping green
- Sell volume decreasing
- Approaching big historical supports
- Slow bleed from 9000 sat ATH to 600 sats
580 sat zone is ideal entry to go long. Can scale in from now though if you'd like.
ADAUSD Possible Head and Shoulders PatternCardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial advise, it's just for me to keep track of my own trading.
Happy Trading.