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Cardanobtc

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
ADA - PATTERN CLEAR ON RETRACE Hey Everyone, I hope you are having a good day trading? Everything is clear- in hindsight. It seems we have the biggest revelations once we can look back and see what we have done... and this is not any different in trading, we know the pattern on retrace. It's currently confusing to know right now direction (even for a long term trader) and whether or not the bottom is in. If I compare ALT charts to BTC I would say with conviction that we still have a 5th wave lower to go. But again BTC will only reveal it's pattern on retrace. Looking at ADA here the 5 wave is currently looking more probable, except for the last rejection wick. So, like all other charts I am seeing right now, we will know more once we retrace and then a decision can be made as to direction. So keep your trading right now flexible, you need to be reactive and adaptable in this market as nothing is fixed. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
by LisaNEdwards
3
CARDANO (ADA/USD) Shows Some Positive Signs!Over a long time, we can pick up some positive signs from the cryptocurrency market and so as our next analysis - Cardano (ADA) We have been on the down-Train, yes train, for a very long time but at the moment looks like we have some changes in the market structure. Around $0.09 area, we have found a bottom what we have tested two times and we can call this a "Double bottom" (W-formation) After we made a second touch around $0.09 we have a steady climb upwards. Firstly, we break the down-trendline (which is pulled from 02.05.2018 and the second touch 18.07.2018) and we made a breakout from "Descending Triangle". The descending triangle is a bear-ISH pattern but the triangle patterns have a breakout opportunities to either direction and at the moment we made a breakout upwards - bullish sign, and after those breakouts, we made a structure change, we manage to make HH (higher high) on the market! Currently, You can see that there are two blue target boxes first is above the current price of 10% and the second 18%. So, probably there You can see some price bounce or price stop because those levels are historically worked. First one is June low/support which now becomes a resistance and the second one is the July low which now may become support! If You want to enter the coin then there is an opportunity if the price falls down a little bit. Like You know we have a breakout from the triangle and the perfect breakout trade would be - breakout and wait for a retest! So, at the moment we could see that we may start to make a pullback because on the 4h chart has formed a three candle candlestick pattern called "Evening Star" (bearish pattern). Currently looks like the solid spots where to enter the trade are: $0.1 - criteria: round number, Fibonacci retracement level 38% and supported with EMA's $0.095 - criteria: it would be close to retest area, perfect Fibonacci retracement level 62% If You want to read also our thoughts about BITCOIN, then please visit our website - link is on the profile! Hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! Have a nice day!
by CryptoComes