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Cardanobtc

Cardano(ADABTC) bull to bear channel: 4hr tfCardano (ADABTC) broke out of its bullish channel and also moved past Support 1 as mentioned in the previous post given in the link below: Support 2 also given in the previous post is currently being tested and is shown in this post as the horizontal blue dotted lines between ~0.00003073 and 0.00002953. Cardano (ADABTC) breaking out of its previous bullish channel and also through Support 1 (previous post) does suggest a change of trend from bullish to bearish. A downtrend (bearish) channel is shown in the post to capture the price action of Cardano (ADABTC) from its previous high of ~0.00004069 till present. ~0.00002354 and 0.00002515 is the region that is expected to offer support if further selling ensues as the horizontal green lines (technical support) coincide with the bottom of the channel as extrapolated. A downtrend (bearish) channel is shown in the post to capture the price action of Cardano (ADABTC) from its previous high of ~0.00004069 till present. ~0.00002354 and 0.00002515 is the region that is expected to offer support if further selling ensues as the horizontal green lines (technical support) coincide with the bottom of the channel as extrapolated.
by Coin_Analyst
1
Cardano would probably resume its uptrend again...Technical analysis: CARDANO/BITCOIN is in an up Trend and resumption of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 60. Trading suggestion: The price is in an up trend, but we forecast the uptrend would probably resume. There is still possibility of temporary retracement to suggested support zone (0.0000250 to 0.0000170), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000250) Ending of entry zone (0.0000170) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000300 TP2= @ 0.0000345 TP3= @ 0.0000455 TP4= @ 0.0000540 TP5= @ 0.0000689 TP6= @ 0.0000918 TP7= Free
Long
by ForecastCity
Cardano would probably resume its uptrend again...Technical analysis: CARDANO/BITCOIN is in an up Trend and resumption of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 60. Trading suggestion: The price is in an up trend, but we forecast the uptrend would probably resume. There is still possibility of temporary retracement to suggested support zone (0.0000250 to 0.0000170), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0000250) Ending of entry zone (0.0000170) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000300 TP2= @ 0.0000345 TP3= @ 0.0000455 TP4= @ 0.0000540 TP5= @ 0.0000689 TP6= @ 0.0000918 TP7= Free
Long
by ForecastCity
8
ADABTC (Cardano) price channel: 4hr tf analysisThe recent bullish action in Cardano (ADABTC) from ~0.00002389 on March 21, 2018 till present date is captured in this analysis using a price channel. Price move upwards thus appears limited as shown by the upward red arrow as the upper target of the channel is ~ 0.00004324. Any consideration of a long position (i.e. buy) would require patience for Cardano (ADABTC) to successfully test the bottom of its channel which in this case is ~0.00003617. A slight break below the channel should meet with Support 1 (i.e. between 0.00003547 and 0.00003380) or Support 2 (i.e. 0.00003088 and 0.00002953) as shown in the chart. A break below support 2 could result in price of Cardano (ADABTC) further declining. Alternatively, a breakout above the upper line of the channel followed by a consolidation in price = more upside momentum for Cardano (ADABTC).
by Coin_Analyst
ADA (Cardano) potential drop and entryOn 4H chart, ADA sorting out bearish divergence and we expect this to be Elliott Wave 4 that ends around 2780 - 2800 satoshi levels. We are not interested in buying Cardano before that level is reached. We advise everyone to use laddering and start to ladder your orders in from 2900 till 2780 satoshi levels, then sell in wave 5 landing zone between 3705 and 4060. 2780 satoshi levels is previous resistance point that got broken 5 days ago without even testing it once. Always remember - previous resistance becomes new support and broken support becomes new resistance! If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram! Any questions? Want to get these ideas first? Feel free to DM. Have a nice day!
by xbtbull
2
ADABTC Ascending Triangle + Hidden Bullish DivergenceADABTC on the 1H chart is forming an ascending triangle. Plus, hidden bullish divergence can also be seen on the RSI. Once the price breaks out of the triangle on the upside and volume supports it, theoretically, we can see a price rise equivalent to the opening of the triangle which is about 800 satoshis. Once the price breaks out of the triangle, we will look at the volume. If the volume increases as well then that would confirm the breakout and then a long trade can be opened with a conservative profit target of 500 satoshis. Personally, I am feeling bullish on ADA. The coin is in the top ten of CMC and Coingecko. Currently, third highest volume on Binance and highest volume on Bittrex. I have already entered a long trade at 3898 satoshis. I won't mind hodling if the ascending triangle breaks in the wrong direction so I do not have a stop-loss at the moment. My first target is 4287 and second profit target is 4677. Constructive criticism is welcomed!
Long
by Blackhole-Trading
CARDANO: CONTINUING BULL RUN = 33.77% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018. Using this buy in point and selling at today's price, you would have expected to net 33.77% PROFIT !!! The increase in price may also be explained by positive developments including: April 5: IELE, a virtual machine with a universal language framework for translating and executing smart contracts, is in development to be deployed on the Cardano blockchain. April 7: Cardano notifies of it's intention to launch beta test of Cardano for Linux. April 8: Cardano is added to Coinswitch (a crypto-to-crypto exchange aggregator and users can compare prices of ADA and 300+ other coins across their partner exchanges - including KuCoin, Bittrex, Cryptopia, Changelly, Shapeshift etc.) April 13: The first audit was carried out by FP 0.32% Complete in conjunction with Cardano Foundation on the Cardano cryptocurrency. April 17: Cardano is added to Binance cryptocurrency exchange. April 27: Ouroboros Genesis, the latest version of Ouroboros, the algorithm powering Cardano. his feature matches the security guarantees of proof-of-work protocols that was previously thought to not be feasible. (NEW) April 28: Cardano is expected to launch 2 test nets in the near future: Yella test net (Cardano’s IELE Virtual Machine) and K-EVM (Ethereum Virtual Machine) with release dates to be identified soon. An increase is trading volume is driven by Korean Exchange Upbit and Binance accounting for 49.71% (up from 45.60%) and 31.47% (up from 30.59%) respectively.
by CryptoTradeSignals
ADA ready for a run? hi all :) I realy expect ADA to get ready for a new run, if we see macd in 4 hours then it tells me that we will soon go up. Rsi has plenty to go on, as we are now around 49 arena, we comming form oversold arena so I expect the trend to continue. I hope my charts plays out. By order: 3131 sat Target: 3700 \ 4400 Stoploss: 3100 for me Do not make your choices based on my decisions or charts, as I'm still new and still learning myself :) Happy trading everyone
Long
by Porshy
Cardano short termCardano (ADABTC) is still in consolidation following the rally from two weeks ago. Price is trading above the support/resistance level around 0.00003 but it looks like it lost it's momentum at the moment. If price breaks below the support level, we can expect a reaction from the ascending trendline. If we see a break of the trendline, then the next support level is around 0.000024, where we can expect the rally to resume. If price starts to rally from the current levels, we can expect it to reach the resistance levels around 0.000041. Good Luck, CryptoTrendline
by CryptoTrendline
3