Cardanobtc
$ADA #LoadThePump Edition - Day Trader ExplainsLadies and Gentlemen,
Welcome back to TJs' Trade Corner!!
Today, we will be taking a look at $ADA. One of my long time favorites as many know. It is always amazing to see how technical and predictable $ADA is.
Now, lets get started and not waste any more time.
First thing as always, what is our market structure? What can we see? What happened?
As you see on most Coins at the movement, we had a nice ascending triangle, which had its resistance tested twice and then finally broke out to the upside.
Some might say it was an iHnS, yet that looked very scuffed and had not all the correct technicals for it.
After the break of the resistance at 1275, we saw an amazing rally of +50%. Obviously, straight out of the bear market, 50% is amazing and we had to get a retrace. Here the question was, retrace to what level? A fib level? The previous resistance? Or the previous uptrend support?
Well, since $ADA is our beloved child, it is all of them at once.
As you can see on the chart, the candles are approaching exactly the level of 1259/60 where the previous resistance (red), the previous support (green) and the 61.8% line (yellow) cross each other.
Important to notice here is, fibs are applied at the December low and the yearly high. I can see how somebody would apply it at the 1055 Double bottom, yet doing that one has to cut edges at the top and does not get such a clear picture.
Next one is Volume.
We see very dominant and significant volume on the buyers side, before the drop. Yet, during the retrace, we have no significant volume, apart from today. This means that we will either go down more tomorrow, or if we get significant buy volume tomorrow, the sell-off will come to an end.
Next to TJ-Stoch.
Funny enough, it looks pretty much the same on the 3D as on the 4H time-frame. Approaching the 40p for the next impulse move. Nevertheless, on the 3D the rejection at the 40p line would be way stronger for the D% line, or at least a crossover at or above 40p. Either way, an impulse move is very likely.
Something watch out for.
Sure, it looks very bullish and beautiful, yet we have two dangers to overcome. These would be the possibility that the tripple support does not hold and we just dump through. The second one, would be that this is the set-up for a very rare inverse Cup and Handle formation. Yet, for this one we will see if we have on the bounce continuation patterns or reversal patterns.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
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Cheers TJ
Cardano (ADA) - H1 Bearish BatIntraday short on the H1 Bearish Bat Pattern setup
Entry: 1452
SL: 1466
TP: 1421
As we have a big time frame view that the bottom haven been breached, should have more room for ADA to go lower before reversal in trend.
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ADA Again In Buying Range..!!#ADABTC (Binance)
ADA Is in Bearish Phase & Looking Good For Accumulation ..
Both Buying Zones Are Mentioned In Chart..
Be Safe & Buy As Much As You Can In Dip..
SOON it'll Reverse So Buy & Hodl It..
Introducyion..!!
Cardano (ADA) is a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is reportedly the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach, and one of the first to be built in the Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers. The protocol reportedly features a layered blockchain software stack that is flexible, scalable, and is being developed with the most rigorous academic and commercial software standards in the industry. Cardano will use a democratic governance system that allows the project to evolve over time, and fund itself sustainably through a treasury system.
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ADA BITMEX posible AB=CD patternIf will be reflection from point D, we will go up for first profit.
Buy in 1780 - 1775.
Primary target: 1837-1840
Secundary target: 1850-1855.
Good Luck
Hladik
One last push towards my target of 1850Hi Cocopups!
Hope ya'll doing fine. Let me drop my chart of Ada. We all know what is coming up next month, but looking at the chart Ada is bound for a retrace.
I'm looking for one last push upwards till 1850. That's my target of the Inverse Head & Shoulders. There is a chance we won't make it so I put a stop around 1700.
I'm looking to buy back around 1460 and ride the next wave up.
On the 12 hourly we have a 9th on the TD seq, reverse of the trend is coming plus we have already bearish divergences on multiple timeliness.
So one last push up Ada and then take a rest, you deserved it!
Enjoy your beautiful day!
Cardano - ADABTC Ready for major SELL down? Cardano (ADABTC) has gained more than 40% in a span of 10 days while BTC and other Alts are not having similar behaviours. We are aware of the good news circling around ADA, however our technical analysis shows that a reversal to the Bear is near.
Here we have at Daily Supply level a Bearish Bat Pattern (Daily Time Frame) and price was slightly short to complete the pattern at PRZ. For those who are not familiar with what PRZ is - Potential Reversal Zone, something that is unique for Harmonic Pattern traders only. Price is moving upwards in a nice trend channel with current price sitting nicely at the bottom of the trend channel. Retail traders are looking to buy the into the trend channel and thinking the Bull Run is going to continue on and on.
Once again, we are not going to do what the majority are doing, I am looking for a short entry to sell ADA knowing that this is an attractive price to sell. I have two plans here:
1) Wait for a big candle downwards to break the trend channel and sell at the pullback.
2) if price goes higher from current price, wait for it to enter my daily supply level and bat completion to look for candle confirmation to short.
Lastly, a rising trend channel but put against RSI which shows Overbought and Divergence, something for you to think about.
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Cardano(ADA) latest update1 Key Highlights
* Following uptrend channel since December' 2018 and moved 100%+ against BTC(satoshi) pair.
* Trading above 200D-SMAs and Ichimoku cloud on Daily time frame.
* Bearish(sell signal) signs indicate slight correction ahead to levels defined on the chart below.
* Correction downward can provide an opportunity to buy the asset for the long-term hold.
* Pair has moved 60 percent up since last post
Cardano coin has been a runner since December'18 and is in strong bull trend while moving 100%+ against Bitcoin(Satoshi) at the time of writing but will the coin rise more?
Few of the catalyst supporting the uptrend:
* Ledger Nano S wallet support to cardano(ADA) coin.
* Binance adding ADA trading pairs.
* Shelly release on Test-net and Mainet during second quarter(Q2).
If we look at the cardano coin forecast analysis today then we might see a slight correction downward in the coming days which might provide an opportunity for late buyers to enter the asset for a long-term hold.
Let's look at cardamon coin technical analysis 2019 on its Daily-time frame chart.
* Risk taker buyers can look for preliminary support area around 0.00001470 satoshi to enter the asset for mid-term hold.
* If this preliminary support level doesn't hold then one can look for potential resistance turned support(S/R Flip) area around 0.00001337-0.00001376 satoshi to set their bids for a safer entry.
* Sellers can look for areas at resistances(sell zones) around 0.00001920-0.00002000 satoshi (short term) and 0.00002243-0.00002406 satoshi and 0.00002701-0.00002778 satoshi (long-term).
* Breaking down below the last support area around 0.00001102-0.00001112 satoshi would be strong bearish(sell signal) for the asset.
Further cardano coin price analysis suggests that it has crossed the 200D- SMA (simple moving average) on Daily with bullish cross-over of 10 and 20 EMA (exponential moving average) on weekly. These are quite healthy signs for the bulls.
MACD and Stoch-RSI indicator on Daily time frame showing signs of weakness leading to a healthy correction in the coming days but that doesn't make the pair strongly bearish.
3 Conclusion All-Time
Cardano coin has been the top rising cryptocurrencies and its price seems to be in a bullish trend in the long-term with future looks bright because of the upcoming catalyst of launch of Shelly protocol on Test-net and Main-net during Q2'2019.
ADABTC now bullishBINANCE:ADABTC price broke above the cloud earlier in the week (March 9). A few days later Chikou followed outside the cloud to confirm the cloud breakout. Price even performed a nice confirmation pullback to the breaking pivot.
I'm looking to get long this pair now and on pullbacks. If the breakout continues it could have the oomph to break the last major high set on Jan 10th.
ADA – 3 tips how to trade during this rallyHi Guys!
Probably some of you have noticed positive moves on Cardano .
Rumour has it that the Ledger will support ADA on their devices. WOW.
If it turns out to be true it will be really great news .
Such a move is highly anticipated by the Cardano community.
Moreover recently Binance has announced new trading pairs with ADA.
They will add ADA/USDC and ADA/PAX which will make the volume even higher.
So here is the technical analysis .
1. The long-lasting resistance at around 0.00001300 was broken.
2. Another resistance at 0.00001500 was also broken and what is more important this level was defended.
3. The current 12H bar broke the resistance at the level of the last peak which was at 0.00001600.
4. There is not much supply and a massive amount of demand = price will move up .
5. This all opens the road to higher levels .
Manual how to trade on Cardano:
1. Wait till we break the next resistance at 0.00001700 .
It is also important to s tay above this price for a while.
2. The next target is at 0.00001850
3. Consecutive price to reach is ~ 0.00002500
That’s it.
With the positive sentiment towards Cardano with should reach these targets within the upcoming day or weeks .
Tell us what you think.
Have you already bought ADA?
Drop us a line in the comment section.
Thank you for reading and your time.
MASSIVE Hugs!
WBM Team
CardanoI want you to pay attention to this coin. because it is a great project with its blockchain, an excellent team and great growth potential before the big news in the company in the first quarter of 2019. Go to proof of stake.
www.investinblockchain.com
The whole of 2018 ADABTC has fallen. formed a falling wedge, after another wedge but with a smaller angle of inclination. And now we are moving up the channel.
Daily RSI - oversold
We are above MA50 and MA100 but still under MA200
ADA/BTCIf we can break the previous established resistance, without a doubt it will rocket up further and further. Pay close attention to the next week and a half.
Enjoy the profit friends!!!!
Dont miss it, when it launches its not coming back down this time. Cardano donations here
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