Cardanobtc
CARDANO: ADA Long & Short Trading Setup !!Currently ADA Coin on the Support Level 1000 Satoshi if BTC Stable and Bounce Back then we can see Cardano Bullish and We are Long.
if Fail 1000 satoshi Support Level then We are Short 920 to 650.
BTC Suitation is Not Well So May be Can see 650 ADA.
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Cardano's INV HS is stil in play!hello guys,
here is another perspective of my previous analysis instead i have drawn it on the 4h chart!
as you can see ADA is forming Inverted head n' shoulder .
you can see on the blue falling wedge that we stil have room to drop.
the rsi shows we are expecting more downside but thats ok ,if the blue falling wedge plays out everything would go as planned.
target: 1420 sats
my previous analysis:
ADABTC Mid Term TradesWhile bitcoin stalls the bigger alts are seeing movement. ADA is lagging behind but if we have breakout of triangle we could see some big price action provided bitcoin behaves itself.
First trade is already in progress.
My plan provided the market geometry still makes the trade viable is to switch short at my target as it is pretty heavy resistance, then switch back long to complete wave 5 of the three.
THiS IS SIMPLY AN IDEA. NOBODY KNOWS HOW THE MARKET WILL PLAY.
but sometimes having a plan IN CASE the market does react favorably allows you to make the most of out the movements.
I will be updating the idea as it plays out.
Stay hungry friends.
ADABTC HAPPY THANKSGIVINGADA BTC LONG.
Price has broken out of triangle, however breakout lacking Volume confirmation plus RSI showing bearish divergence on multiple time frames.
PREDICTION:
Price will pull back in the short term and allow us an entry when it completes wave 2. Buy in here with tight 2-3% stop loss. Hold for lambo.
ADA/BTC Tactical analysis / Buy opportunity-We have bounced on a major weekly support, and have made some higher lows on the daily.
-We broke the previous high on the 4H and started retracing.
-Should see the .705 retrace to that 4H breaker and attempt to break the next resistance.
Daily view:
Terms:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that precedes a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support
Colors I use for a more organized chart:
15 min - Cyan
1H - Gray
4H - Red
Daily - Green
Weekly - Orange
Original idea by Svarog
Cardano wanting to reach higherWe can see that Cardano's daily candle has failed to close below previous swing low 5 days in a row and it is showing signs of a decent bounce. Green block remains to be untested support zone but it looks like it wants to reach the targets marked in red lines
Trade active: So far it's looking good, waiting to see what the daily candle close looks like in order to update stop loss.
Original idea by Pheneck
ADA Cardano Short 60% profit opportunity with 10x leverageBITMEX:ADAZ18 is sitting quite close to the bottom so many speculate that it should go up, however I believe ADA has some turbulent times ahead with the departure of IOHK that I think will push the value down temporarily, providing us with easy profit opportunity.
EL: 1170
T: 1100 or possibly lower
As usual, this is just an idea, not financial advice so please do your research.
CARDANO (ADA/USD) Can It Glimb Above The Counter Trendline??!Weekly Forecast!
If Ripple' (example) doesn't lose any value in the last week then Cardano' lost around 5%.
Cardano' starts to show us some bearish signs, and we are very close to getting some bearish confirmations.
Currently, we have two trendlines - short-term down trendline which is pulled from September 1. high and the major counter trendline which is pulled from September 12. low point and this major counter trendline start to give us some bearish signs.
Yesterday (Sunday), the price was below the counter trendline but luckily it manages to jump back above the trendline and currently, again, it attempts to break below the counter trendline. The close below the line will confirm bearishness because of the overall trend. The overall trend is down and if the counter trendline breaks (You can call this also a short-term up-trendline) then it will indicate that the current up-trend momentum has gone and we may continue to the overall direction which is downwards.
This bearish scenario is definitely on the table if Bitcoin' can't break above the Falling wedge chart pattern and if it doesn't get a close above that. A rejection downwards will pull down the whole market and definitely, as You see on the price action, it pulls down Cardano'!
To discuss about both scenarios for this week then we have to get price action confirmations!
Bullish confirmations:
1. First of all, we have to get back into the triangle
2. A daily candle close above the short-term down trendline.
It will guide us to the round number at $0.8.
3. A candle close above the $0.8 will guide us to the strong area which is at $0.91.
Bearish confirmations:
1. A daily candle close below the counter trendline will guide us to the round number area at $0.7
2. A daily candle close below the round number and historically worked support level will trigger the bear market for Cardano' and until the 2018 low there are now significant support levels, so, a close below the $0.7 will guide us to the 2018 low levels!
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Best regards!
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 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001160 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001160)
Ending of entry zone (0.00000970)
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= @ 0.00001380
TP2= @ 0.00001510
TP3= @ 0.00001700
TP4= @ 0.00001900
TP5= @ 0.00002440
TP6= @ 0.00002900
TP7= @ 0.00003400
TP8= @ 0.00004110
TP9= @ 0.00005080
TP10= @ 0.00006040
TP11= @ 0.00006890
TP12= @ 0.00009180
TP13= Free
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 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001160 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001160)
Ending of entry zone (0.00000970)
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= @ 0.00001380
TP2= @ 0.00001510
TP3= @ 0.00001700
TP4= @ 0.00001900
TP5= @ 0.00002440
TP6= @ 0.00002900
TP7= @ 0.00003400
TP8= @ 0.00004110
TP9= @ 0.00005080
TP10= @ 0.00006040
TP11= @ 0.00006890
TP12= @ 0.00009180
TP13= Free