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Cardanobtc

There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . Cardano/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001090 to 0.00001000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001090) Ending of entry zone (0.00001000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00001210 TP2= @ 0.00001380 TP3= @ 0.00001510 TP4= @ 0.00001700 TP5= @ 0.00001900 TP6= @ 0.00002440 TP7= @ 0.00002800 TP8= @ 0.00004020 TP9= @ 0.00005000 TP10= @ 0.00005990 TP11= @ 0.00007395 TP12= @ 0.00009180 TP13= Free
Long
by ForecastCity
Developing Inverted H&S Pattern with 22% upside potentialAs you can see on the chart there is a developing head and shoulders pattern. If the last leg developed perfectly, we can expect a potential 22% to the upside to the 1.618 and a further pump to the 2.618 which is exactly same as the head to the bottom distance. A buy stop order can be placed just above the neckline of the inverse head and shoulders pattern. This ensures the investor enters on the first break of the neckline, catching upward momentum. A suitable profit target can be ascertained by measuring the distance between the bottom of the head and the neckline of the pattern and using that same distance to project how far price may move in the direction of the breakout.
by SnowWhiteJaguar
Cardano, I still believe in youHello Traders! This isn't standard chart, because I used 15D Time Frame. I didn't draw anything on card merely because here you can find anything what you need, the support and resistance lines/levels and other hints for long-term trades. At first, you can find the support line from 7EMA(1100-1200 sats) and the resistance line from 30EMA(1800 sats), and remember than more longest timeframe are you using than more accurate and strongest the support and resistance lines. Right now we have, the price are around of the support line, it is a buy signal, another hint is RSI which has hit the 50 area and this is the second buy signal. Second, Cardano is in the stage of development, that mean the price can react very and very agressive on any new future update. GL and have a nice trade.
by LudwigStirner
Cardano, let's catch the falling knife Cardano is about setup to easiest trade ever, in 1 condition, that it's going down to the green area. That green area has been calculated very carefully by different indicators ( EW, Fib extension, Fib retracement, Volume Profile, it's also the only significant support area on the chart ). Basically, I guarantee you all that we're not gonna break it. But if it does, a very tight stop loss below 900Sats will save the day. So how are we're gonna play this one? first, Layer your buys in that green area, Stop loss: 899 Sats Take profit: It's gonna be at least a 30% profit. I'll follow this trade and keep you guys updated in the comments section.
by justacryptotrader123