Cardanobtc
Cardano's time?Something like a Cypher (in red the valid one) could be in formation (green)... but obviously it isnt a valid Cypher... looks more like a variaton (Nen-Star).
Anyway, in Cyptospace things are a bit messy and levels can be easily moved ... so.. just to have in consideration, we could see ADA explotion very soon.
Cause Im a real newbie student here.. this is just for educational uses and al comments, teachings, corrections, etc., are welcome!
Thanks!
GoodTrade
-CJ-
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
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
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).
Cardano Upside potentialCardano (ADABTC) is in consolidation following the rally it made last week.
If the rally continues we can expect price to reach the resistance level around 0.00005.
If price goes down, the next support level is just below 0.000035, which coincides with the ascending trendline.
If the support and trendline are broken, we can expect price to go down to the next support area around 0.00003.
Good Luck,
CryptoTrendline
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!
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!
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.
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
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
Cardano (ADA) Corrective Wave, (Quick Trade Idea)While North America slept, Asia was busy taking profits after our insane short term bull run. ADA has currently shown what appears to be a head and shoulders pattern in the 4 hour chart and we are currently holding the 2900-3000 satoshi support.
Signals:
-Head and shoulders after a relatively long bullish trend
-Bearish RSI divergeance
-Lack of volume & long legged doji candlestick. signaling indecision.
-BTC Dominance rose to 39% as of 11:09 EDT, likely caused by quick BTC drop from the 9.3k levels all the way to 8.8k, meaning alts with lack of stable fiat pairs will suffer.
How to trade
- Sell at if a candle closes below the 3000 satoshi support level
- Note that if ADA breaks under support levels, we will likely see that as the next resistance.
Buying points
2600-2780 satoshi range, where previous support has been shown
2400-2500 satoshi level (Strong buy, I currently believe it is unlikely for us to reach that low)
Sell Stop
If you choose to use a sell stop, place it slightly under each support level. I know many of you are holding for the long term so it will be your decision.
Quick Trade Idea
If ADA drops 5% under a support line, we will likely see the next candle be a green one, that closes just under the support line. This idea can be used if ADA breaks under the 3000 satoshi mark for a quick 1-5% profit, but you will need to catch the opportunity.
Please criticize my TA's so I can improve. Thank's for reading!