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Cardanobtc

ADA - Time for a pullback before move higher!!ADA has bounced nicely off the bottom of the channel, which was as the demand area around 1220 and we could now see a pullback to the 61.8%FIB level or to the lower end of the channel again. RSI is nearing resistance but still has some room to move up and MACD has turned bullish so a small pullback is probably what is needed to propel this higher on the next move. Cardano is finding resistance hear forming a tweezer top so far and it would be better to enter at a lower price to increase R:R. Stops set below SFP on the last move below the support zone. Thanks guys!
Long
by CM_Trades
The price has found support lines. The uptrend continueThat's right, on the card the price has the 7EMA, 30EMA and the 100EMA lines as the support so I recommend you to follow the Cardano price closely in the coming days. Some days ago, I reviewed the 3-days TF to understood better what will happen in the near future and by my reckoning, the price must be @0.000016 very soon. What else? The MACD: the centerline acted as the support + bullish crossover; The RSI > 50; ENTER: 0.000012 - 0.000013 PT: 0.000016(near-term 1 or 2 weeks) and 0.00003(Long Term ~2 Months) GL Traders.
Long
by LudwigStirner
8
ADA - Looking strong for more UPSIDE! Cardano has bounced nicely yet again from its demand zone around 1220 and is currently facing resistance around its 61.8%FIB level. If it could get above here and close on the 4H, we could see another go at the highs and possibly even break them with the assistance of Bitcoin. Volume does seem to be on the low side but a breakout from here could bring some of it back. MACD histo is about to go positive and the signal lines and very close to crossing above the median line. RSI is on the move up and still has some room before hitting resistance so this could still have some juice. Waiting for a pullback to the support level could be the safer play here unless BTC decides to rip higher taking the rest of the market with it. Thanks guys!
by CM_Trades
ADA/BTCNow we see how hell broke the 0.78 Fibo level, but could not resist and punched it down, thus forming a figure of head and shoulders, as well as the right shoulder coincides with the line of global resistance, which was not punched twice the previous time. If the demand for the asset exceeds the supply and we see a repetition of the level of 0.76 Fibo and the global resistance of the falling wedge, this will be a change in the downtrend and in the future we can see new peaks. But in the current situation, after the right shoulder, we are going down to the first level of support, and then we can see testing the second level of strong support.
Short
by talktocrypto
ADA - Time for a pullback but still looking good! Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could possibly see a test of the liquidity above before resuming lower to the next demand area and possibly the 50%FIB. This does have the look of an ascending wedge that has already broken and is in the process of retesting before continuing its mover lower so keep that in mind. Both RSI and MACD are showing bearish signs, RSI with a lower high and MACD crossing over bearish further indicating a pullback is likely. As such, area marked as demand zones should provide support for Cardano and could be used as areas to scale in long positions while keeping a close eye on Bitcoin. The severity of any BTC pullback will most likely dictate how long ADA goes so don't be too quick to jump into positions at the first sight of a support touch. As always, stay safe everyone! Thanks guys!
by CM_Trades
ADABTC - One down, 2 more to go!As profit target #1 hit quickly, you were able to add back to your position on that test of the FIB level near the demand zone, which was a gift! Having entered back in, you would now find yourself back in the supply area where we first rejected and are now trying to break out of. Seeing that BTC has returned back in the range after a hectic Wednesday evening, we are primed to breakout from this area and head for the next target, which is near the 50%FIB around 1200. If Bitcoin can remain flat for the next few days, some altcoins looked primed for breakouts as some have already moved quite a bit signaling some good times ahead. And as I write this ADA has already broken out ;) Please hit the 'like' button and give us a follow! Let us know what you think below! Thanks
Long
by CM_Trades
2
ADABTC - 4H - UpdateCardano has moved up impressively after testing the demand area around 0.00001 with significant volume. Some macro news regarding a partnership with Metaps Plus, which enables ADA for purchases in 33,000 stores in South Korea. We can see that ADA has broken above the supply zone it had trouble to break multiple times and we will soon see if it uses it as support, which also coincides with the 23.6%FIB level. If we can get a strong bounce from this level, a long position can be entered near this zone with targets outlined in the chart. However, we can see that the RSI and MACD have both moved up but the RSI is hitting resistance at the downward trendline so traders need to keep an eye on this if they are planning to enter a position. As always, one must keep an eye on BTC's price movement to give an indication whether or not to enter or hold off on a trade. If BTC rejects where we currently stand, it might be a good idea to wait it out and see what BTC decides to do! Always respect your risk management! Please hit the 'like' button and give us a follow! Let us know what you think below! Thanks
Long
by CM_Trades
6
Cardano slowly moving toward supportAs per our analysis in the mid-August, Cardano has been moving towards the Fibonacci 127.2% extension support after breaching the key short-term horizontal support around 0.0000170. The coin also performed a perfect re-test formation - breaks the support, closes comfortably below and returns to re-test the support, now in the form of a resistance. This offered another opportunity for bears to increase their stakes and push the price further down. Since then, #ADABTC has created a mini-series of lower lows and lower highs as no signs of the recovery to be seen yet. It is almost certain the next battleground is going to be around 0.0000100, where 127.2% Fibonacci support is located. It is a great opportunity for the bears to take some profits off the table, while those bulls looking to enter a long trade can do so, with a stop below the support on a daily basis. Any recovery to the upside will likely run into key resistance area - down slipping trend line, currently located at 0.00001460.
by WhaleAgents
1
Analytics ADA/BTCThe asset behaves without anomalies, is in its channel, signals for the reversal are not expected. It loses about 20% with about 15 days periodicity. There is a stable downward channel, so do not open positions earlier than 0.00001210. It is worthwhile to conduct additional analysis in this area, the price may drop to 0.00001080. In the long term, does not cause much interest, but it can be useful for traders inside the day. We are waiting for the appearance of additional signals.
by ZOGRAS