ADA (Cardano) Bearish SentimentBollinger Bands squeeze $1.32 is at the bottom of the Bollinger. 20 and 200 EMA Has crossed above price if 50 EMA does not hold we are seeing a slow downward move for ADA possible move to $1.15 area.
Cardanoshort
Cardano- Critical Support Level ApproachingCardano now fighting to remain in channel.
I think there will be more pain before any potential reversal but the next few days should give us the indication we need to see it more clearly.
While it's managed to hold within the channel (for the most part) the biggest test will happen over the next few days as the retrace meets the bottom of the channel, coupled with the descending trend line.
(A break north may indicate a reversal but I'd be more inclined to look for a confirmed retest as opposed to buying an initial bounce)
My thoughts are that BTC has already fallen through it's major support line and as it moves to test 28 - 24K it will drag ADA to retest the 0.95-1.05USDT mark at best.
Loss of Support would potentially indicate a confirmation for the Bears so even at 1.00USD I'd want to see some form of confirmation of reversal prior to taking a position.
While probably not a popular call for the ADA Bulls I think structuring in a Stop Limit Order at 0.40 USD in case of a crash would make sense.
Whilst I still believe there will be money to be made in the markets caution is advised as personally I think the "new" money and large amount of people flocking to relatively unknown moonshot projects is an indicator that we should be anticipating a further downturn across the board before any potential major recovery.
As always, not financial advice,
Just my own thoughts and TA.
DYOR and don't get Rekd.
Bingaz
ADA will increase about 6%Cardano will experience a reversion movement in following H4
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ADAUSD - Daily - Break out from distribution range - ShortsAdaUsd - Daily chart - I see a strong breakout from a distribution phase on cardana daily chart. Price has pulled back upto the supply zone which broke the range so Im expecting a sharp sell off on adausd from cmp.
SHORT-TERM CARDANO ANALYSIS SEEMS BEARISHGreeting from IRAN to whole trading community 💙✔
As i mentioned in my previous posts , Cardano has 2 major support resistance zone (1.35$ & 1.15$)
Cardano managed to breakout 1.15$ resistance level and has reached to its next level
Cardano has touched its next level (1.35$) with a beautiful pinbar candle which got engulfed with a strong full-body candle
In conclusion Cardano needs to drop to its previous level (1.15$) then it can start its next move
KEEP IT SIMPLE :)
THE TIME FOR CARDANO ABOUT TO COME!!!Greeting from IRAN to all traders and investors ✔❤
Cardano achieved a new ATH in early 2021
After that it tried to reach it but price went down as soon as touched its ATH
Price dropped down to the 1$ and after that it started its uptrend toward first major resistance 1.34$
Price attacked to this resistance level triple times and all was unsuccessful and this level reflected the price downward
The forth attack to the 1.34$ resistance level would make a breakout for Cardano but we should wait for the strong bullish movements for approval
Major support is 1.15 $ Major resistance is 1.34$ and price is got stuck between these two levels
The resistance is more likely to breakout but we should wait
This post will update ...
KEEP IT SIMPLE :)
ADA: Targets On The FibGood day to all profit makers!
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- ADA watchlist for both up and down movements
- BTC will be a big deciding factor in the trend that will follow
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
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ADA/USDT - High Probability of Bearish TrendHello traders and community, today we will tell ourselves shortly about the situation of ADA/USDT
Trend analysis
- As you can see from the ADA/USDT daily chart, the price of Cardano completed bearish breakout move and also completing Elliot 5 waves pattern. That's why we as traders can expect bearish trend for the following days as you can see from the possible scenario (white line on the chart). I recommend to open short trade position up to 0,95 price level to be safe against reroute movement, but you can also try to maximum level of 0,88093 price level (possible scenario on the chart). Today's resistance level is near 1.15 price level (red line), support level is on 1.03 price level (green zone), global trend will stay bullish if can get back on 1,15 price level (orange line).
Chart pattern
- Bearish breakout (approved)
- Elliott 5 waves pattern (processing)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they are moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started increasing after range movement accomplished (Bearish signal)
- MA (10,20): MA10 is below the level of MA20 (Bearish signal)
= Overall bearish signal movement
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P.S.: Information provided is only educational and should not be used to take action in the market.
This ADA run up is SUSS as hell.Don't get me wrong.
My biggest bag is ADA. and I'm very happy its popped off hard. HARD
Very ugly chart. but who cares it makes sense.
So ADA is finishing off a wave 3 out of the 5 wave impulse that is the current bull run.
we are literllay in the final stages for the current run up.
1 more wave up/if that from here and that sohuld be the end for this particular run then we should see a period of pullbacks and corrections.
Suss the Daily RSI. Triple top. that's basically a pullback asking to happen. Triple top RSI jesus christ. don't be hitting the big green.
declining volume on increaseing price? yep thats bearish.
basically don't be buying ADA now. i mean you can. but better off getting it on discount over the next few days/weeks.
Most likely area of support is the place where theres about a million lines there. (basically more lines in an area with different kinds of strategies means stronger support)
previous ATH Monthly open/close around 0.95 to 1.09. This entire region is where the 3D OB (not really an OB coz it doesn't break market structure), 1D OB (again for same reason), Previous monthyl ATH open/close, 0.236 fib retracement. that entire region is support, lots of confluence. I don't like it, but it's what the charts say. If you want us to narrow the levels down it'll fall to either:
- 12h OB - $1.01-$1.08
- 4H OB - $0.88 - $0.98
If that falls (doubt it will) theres no support till 0.30-0.42 region, weekly OB. unlikely it goes there.
Anyways. it should pull back for 1 last time and then begin its final run up. im getting the f out on the next run up xd.
but then again wth do i know?
CARDANO (ADAUSDT/ADABTC) Potential Short 2021/03/05Both ADAUSDT and ADABTC are testing the 200MAs, which is currently serving as resistance. Should ADA continue to fall, namely a close below 1.067 for ADAUSDT and a close below 0.00002263 for ADABTC, we could get a short entry.
Let's See This ... (Cardano) = ADAUSDT I Think The Bulls Are Gonna Win ...
What Do You Think ? Long or Short ?
ADA vs USD --- SHORT --- 15.10.20Im trying the first scenario
#ADAUSDT
Entry zone 0.10800 - 0.10640
Amount: 10% from deposit
Target:
1) 0.10465
2) 0.10230
3) 0.10000
Stop 0.10930
ADA/M20 (ADA/BTC) Ichimoku 4H Follow up on Short playAs I said in my previous linked idea it looked like ADA was looking for a retraction and it is now playing out by breaking down into the cloud!
It still needs to validate as marked on the chart with the lagging span ( Purple line ) breaking the Kijun ( Dark Blue line ) to have a better probability.
And to expand on the idea, I set a couple take profit targets with the first at the previous retracement level, the second the bottom of the cloud, the third the last historic cloud support and if that also doesn't hold I don't see why it wouldn't go all the way to test the 200 EMA at take profit 4.
As the M20 is leveraged trading this could be a good setup, but be careful.
If you like my ideas and the work I do check out the links in the signature ;)
Cardano swing shortReasons to short again, fibonacci levels + oversold, elliot waves, equal to correction on the way.
my entry was 0.083 the first TP at 0.073
[ADA - SHORT] ADA/BTCJust simply supply and demand. Be water my friend. Don't be a Retail Trader.
My Personal Perception.
Trade on Your Own Risk.
Have a nice day! :) Leave your comment below> I am open for any discussions :) <3
ADA short position for +19% gainHi everyone,
Just a brief post to show where I entered a short position (red boxes), where I will add to it, and where I will close it (if everything goes to plan). One thing I think people who hold a bullish perspective must admit is that right now the price is facing a lot of resistance to rising. This is why after entering in the first red box at the 0.618 fib retracement level, I added to my position in the second red box (above). While, my initial red box was slightly low in view of the price action, I haven't been stopped out in 3 days of weak price action (my stop is just above the wave 5 high). Now, the loss in upward momentum is switching so I thought I would float my short position out there.
Please don't infer my view on Cardano as a project from this position - which is 100% based on technical analysis of ADA and BTC price action.
In my view, we have seen the end of wave B, with wave C now commencing. If I am right then I should net a 19% gain in a couple of days. If I am wrong I will update. This is posted for my own education and isn't financial advice. Let's see how I go... Thanks for viewing.
Cardano (ADABTC) analysis: Daily tfThe purpose of this post is to have a quick look at the trendline for Cardano (ADABTC). Trendlines are the most important type of chart pattern. The trendline for Cardano (ADABTC) as drawn here on the Daily tf (red color) was breached slightly on May 28, 2018.
Price action recovered right after and is currently attempting to continue its bullish momentum. A break back below the long term trendline could see Cardano sell off to about ~ 0.00000605. Point of entry (POE) for a bullish trade is placed here at ~0.00003023 which is considered a safe point of entry than trying to pick a price bottom which can be very challenging.
More information on Cardano (ADABTC) is present on my website
Clear Channel Down on 4HCardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start placing long orders strategically between 0.12 and 0.14. Note: there is an extreme scenario for a Higher High on the cross of the 0.256983 Resistance with the Resisting trendline drawn from the 0.389197 Top.
