ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside. How do we trade this? The...
ADA following uptrend (white line) (Daily) Bouncing off RSI Support. Sell order @ .44 (resistance). Looking for a bounce and continuation. This isn't financial advice and you should always DYOR. Thanks for following. Like , Comment, and Follow for more ideas.
Like a terrapin, which favors overgrown, muddy waters, Cardano is dabbling in the green zone between $0.93552 and $0.27674. As long as we don’t receive any stronger signals for a beginning ascent, we primarily expect Cardano to dive a bit deeper to finish wave 2 in green. However, it is also possible that the Cardano-turtle could paddle upwards already.
After trailing along the mark at $0.92258 for so long, Cardano has finally found back to our primary scenario. It has gone below $0.92258 and into the green zone between $0.93552 and $0.27674, where it should finish waves v in magenta, C in turquoise, (C) in yellow and 2 in green. Then, Cardano should turn around and move upwards. However, there remains a 20%...
Cardano is an eager beaver and reaches for the resistance at $1.63781. There is a 35% chance that it could climb above it already and continue the ascent to the next resistance at $2.4574. However, we rather expect Cardano to dive into the green zone between $0.93552 and $0.27674 once more to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v...
A call which makes the trees tremble resounds through the jungle. It is Cardano, swinging along the support at $0.92258 like Tarzan on a liana. As it is currently very close to the support line, Cardano could decide that is has finished wave v in magenta and continue the ascent. However, as it has dipped into the green zone between $0.27674 and $0.93352 only...
Cardano is on vacation and has gotten comfortable in a spa. There, it has eased into the nice warm mud bath between $0.93552 and $0.27674, closing its eyes and sighing contentedly. We expect Cardano to sink even deeper into the green sludge, ideally until $0.52409, to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v in magenta. It could...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD). The chart is self-explanatory. The price is at the apex of the triangle, so a move is coming. There is bullish divergence in sight with support lines intact for the RSI, Stoch RSI and MFI. The price is also in a descending wedge (generally bullish)....
Cardano's price can go much higher than expected in the future. Other a lot of crypto is now on the 5th wave to finish the rally but Cardano is most probably waiting for the 3rd wave to push higher. Some people can count the recent top as a 3rd wave but I am counting this as a 1-2, 1-2 because if you count as a 1-2-3-4 then there is an overlap happen between 1 and...
Cardano pullback at strong support. Make reversal, above EMA 20, EMA 50 TF Daily. Also break Resistant Area around 1.454 -1.500 Target price around 2.325 at Area Fibonacci 0.618 also Resistance Area with Stop Loss at Support Area 0.986 - 1.062 Looks previous idea here: note: only take position after confirmation and do your own research before...
Cardano is going to make make a new low around $0.90 to finish the correction as a WXY complex correction on the 4th wave. We are currently on the 3rd wave of the C of (Y) of ((4)). Most probably we can see the bounce from trend-line support and for now no buy position. DISCLOSURE - Please be informed that the information I provide is not a trading...
In the 4 hr and 1 day charts for ADA I see a REALLY BULLISH symmertical triangle withing the bullish macro support line. The RSI looks healthy enough to confirm a bullish pump from this, and we are just nestled upon the 200 day moving average. I can definitely see some blast off right here. Especially with incoming defi and Hydra news!
Cardano almost on the last support area. Price around 0.986 - 1.062 Price previously reversal there, just wait and see before take position because for now still too risky. Wait for confirmation before take any position. note: only take position after confirmation and do your own research before trading.
If all follows my chart , looks like ADA shooting for 1.55-1.60 testing resistance, then possibly heading for $1'sh for support confirmation then spiking for another high!
ADA/USDT ( CARDANO ) has finished 2nd wave as a preferred count but we can have an alternative scenario also which is where level as a red degree, If we see more downside and go below $1 then we can go more downside for making 2nd degree of a bigger degree. #ElliottWave #Cardano #ADA
Here are all the possible options I can forsee with the data available. You have to always prepare for every option. These options are all on the conservative side as well. I hope you enjoy these predictions!
Cardano is showing signs of the next leg up. After the last breakout, Cardano has been in a falling wedge pattern off of a flagstaff. Taking the flagstaff from top to bottom, the measured move brings the price to the 1.618 fib (trader's dream :P). All of this works if BTC and ETH can keep the rally going as we are approaching the apex of the falling wedge for the...
Consolidation extension all depends on if we break out of this triangle of resistance and support in the short term.