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Cardanousd

Cardano (ADA) weekly chartADA / BTC 🌟 Techincal Analysis🌟 Hi guys Ada recently started to pump hard again Looking at weekly chart you can see : 1- It just broke strong horizontal resistance 2- Broke trendline resistance 3-On bottom of RSI its show bullish reversal signs 4-Great volume entered last few days 5-btc dominance start to decrease (alt season) All this are bullish signs Now ada Got rejected from 855 sat (0.382fib) If ada managed to hold above this fib resistance We can see next targets in Fibonacci 995 sat 1136 sat 1337 sat Good luck and happy trading 🌹
Long
by Babenski
3
$ADAUSD - Cardano is targetting 0.1247Hi guys! 👋🏻 🔔 While Cardano is working on it’s complete transition to DeFi, ADA/USD made a significant breakout. Yesterday cardano was trapped between two Moving Averages, MA100 and MA200, today it’s traded at $0.10800, above MA100. 🔔 ADA/USD is still in a correction phase and deeper downtrends may continue, especially when Bitcoin dominance rises higher. However, before that occurs I’m expecting an uptrend towards $0.12259 - $0.12478, where it will meet important resistances and Fibonacci 0.618 level of the last drop. 🔔 There is a strong resistance at $0.10830, above which there is another area of resistance at $0.11307 and a monthly high - $0.11383. If Cardano closes above the 0.10830 I don’t think the monthly high will be able to stop it from another jump. 🔔 The MACD indicator on both daily and 4-hour chart reflects bullishness of ADA/USD, Moving Averages on both timeframes show a great support of the uptrend, however one should also consider levels of supports and resistances and do not trade with a blind trust to indicators but use them as an auxiliary confirmation tool. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITTREX:ADAUSDLong
by azizelliott
ADA.USDT (Y20.P4.E4).Looking for the next longHi, I thought I check with the popular ones, and like ETH and LINK, ADA is almost there for that big move. I'm assuming its up with the slow topping off with BTC dominance at either the upper trend line or the 200 EMA (for the short term). The indicators seem to suggest this. As for ADA: On the WEEKLY chart: =================================== > We have the RSI on the Phoeix indicator cross over the 50% level, along with the grey energy. Although it can dip back below, one can see that its slowly grinding its way up. > Looking at the chart, we can see a the major resistance level of 0.108 with a number of touches while each pullback gives a lower high. > The structure seems to fit the approaching trend line (new) after the top was made in August at the 0.618 level. > The weekly stochastic and WT indicators also cross over showing upward momentum. > We have all 4 EMA's below the current price; Daily chart: =================================== > We have lower highs where the fib levels were respected as per chart. > Looks like an ascending triangle, potentially a reversal bottom pattern (likely). I have the ABCDE elliot count for a Ascending triangle. > Key resistance is around $0.11 > Phoeix on the daily has RSIs above the grey energy, another bullish sign CONCLUSION: =================================== I'm aware that BTC could find a pullback when we reach 17K but its confusing at the same time, why will the ALTS break up with this looming above it. Hence I will not buy for the sake of buying as the daily suggests, its slow to move so we have time. I will buy up some with any future dips. If it breaks the resistance, its likely it will retest that resistance. I will be more interest at that time as its about putting your money with the fast returns for now. From a bearish perspective, I don't see it happening as of yet, unless we lose that key fib level as support. WEEKLY CHART ========================================================================= BTC DOM CHART =========================================================================
Long
by ssari
4
ADA.USDT (Y20.P4.E3).Looking for the next longHi All, With the potential of BTC dominance to drop a bit further as per my previous post, with each level, gives the ALTs to bounce up further. MY THOUGHTS: =========================== > Looking at ADA, its sticking to the fib levels as per chart as key pivot points; > On the weekly, we can clearly see the top lead in trend line as the new resistance as well as the fib levels; > Currently on the weekly, the 21 EMA is acting resistance between the fib levels; > On the daily we can see a ascending triangle with lower highs in the making and an elliot ABCDE count, would likely help it which goes with the daily BTC dominance level where it might temporarily find support; > I feel there will be a pullback as to point E and then up it goes, coins like ETH are more advanced so this can be an indication for things to come; left pane, Weekly, right pane, daily chart. The Daily chart has some upward pressure remaining. Is it enough to break that level and then retest it as support. That would be the move to buy in, on the retest if you haven't bought. Or wait for point E as it retests the trend line as support (dotted line) Weekly doesn't indicators is nuetral Please give me a like or tick for this post, Regards, S.SAri 8 HRLY and Daily have upward pressure still.
Long
by ssari
1
ADA.USDT (Y20.P4.E2.v3).Looking for the next longHi All, Another continuation post, links below. Main points: a) upward pressure in the short term. If you havn't bought in, buy after the break of this trend line and its retest. b) small time frame we have an uptrend c) at the macro level, this trend line can be support as per chart below d) Phoeix on the daily has upward pressure e) Target is based on the harmonic structure which has confluence with the main resistance. Cheers, S.SAri Daily chart Weekly chart, just by a wisker above the main resistance. Needs to hold
Long
by ssari
1
ADA Has Surged More Than Any Top Coin And Still Has PotentialHey friends, hope you are well and welcome to the new update on Cardano. As per my previous idea the ADA turned bullish from the potential reversal zone of bullish Butterfly and recovered more than 14000% and became the most strong bullish coin among top cryptocurrencies. Now the price action has found firm support above 0.786 Fibonacci projection of A to D leg of this bullish butterfly and re-testing this level as predicted. Previous bullish Butterfly idea: Priceline is retesting the 0.786 Fib projection after execution of idea: On daily chart the price action is at the support of up-channel. The volume profile is showing less interest of the traders below the resistance and high interest of traders even below the support which is bit critical but the priceline of ADA has also strong support of 200 simple moving average below the support as well. On the long-term weekly chart the price action of Cardano is trying to breakout the $0.105 resistance level. If this resistance will be broken out then it has next resistance at $0.14. But in case of rejection by this resistance of $0.105 the priceline of ADA has next support at $0.085 then $0.065 and $0.027 respectively. In the meanwhile the priceline is likely to form an up channel and at recently it has bounced from the support. The stochastic also has given bull cross. Conclusion: As the priceline of ADA coin is at the resistance of $0.105 and having previous support at $0.085. Therefore if it will be rejected then there are strong chances that it will be moved up from there because the pric action also has strong support of 200 simple moving average on daily chart almost at the same support level of $0.085. However we can expect that the priceline won’t break down the support of expected channel on weekly chart.
KRAKEN:ADAUSDLong
by moon333
ADA.USDT (Y20.P4.E2.v2).Looking for the next longHi All, *** This is another continuation post (v2), as per my posting methodology is to continue the trading story when its applicable *** If you look at the link provided, I gave plenty of reasons as to when to enter and hence using the same chart, one can see the following held true so far: a) re-accumulation zone is where we expected for the reversal structure to come from; where 0.618 fib level is a likely entrance point; b) the reversal structure is not what I expected at this point; c) we broke the downward channel and found resistance at the first macro fib level, 0.382 (~$0.13); d) if you didn't start buying at the bottom area as per my previous chart stated, then you should have got in the pull flag as per this channel breakout; e) I have the next target and strong resistance at the WR weekly resistance level which equates to the next fib macro level as per chart. Major target $0.20 to $0.23 as per weekly chart Please give me a tick or like for this post. Regards, S.SAri (A and Z charts) 12 HRLY chart Weekly chart Yesterday, another perspective. PREVIOUS POST
Long
by ssari
1
Cardano to retest $0.095Cardano - Intraday - We look to Buy Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Trend line resistance is located at 0.0950. We look to buy dips. Dip buying offers good risk/reward. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. We look for a temporary move higher. Our profit targets will be 0.0942 and 0.0948 Resistance: 0.0920 / 0.0940 / 0.0950 Support: 0.0910 / 0.0900 / 0.0890 Signal Centre
Long
by Signal_Centre1
1
ADA.USDT (Y20.P4.E2).Looking for the next longHi All, I'm not going to add TA commentary on this post, as the chart does a good job. Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib. If you missed this, its not too late, looking for the next opportunity, it should come in this structure. Note, most reversals create a bottom structure and the question is, what will it be? Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area. Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL. Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below. As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA. Please give me a like or tick for this post. Cheers, S.SAri ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ PREVIOUS POST ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level. on the Daily, its a different story. Potentially SP500 reversal\bottom
Long
by ssari
5
ADA.USDT (Y20.P4.E1.v2).Looking for the next long ** A continuation of the previous post, link provided below ** Hi All, Just a reminder: Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold. So what we are seeing is a likely ABC correction. We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post. With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post) ======================================================= If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips. Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone. If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below. For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely. Note the hidden bullish divergence with price and the RSI Please give me a like or tick for this post. Regards, S.SAri Current SP500 chart, wedge formation with a bullish div. in the short time period BTC\SP500 correlation My thoughts on the US dollar BTC chart PREVIOUS POST:
Long
by ssari
3
ADA.USDT (Y20.P4.E1).Looking for the next longHi All, Keeping this short with the following justifications: a) On the Day Chart:LUCID SAR indicator along with the Phoeix indicator with downward pressure; b) The current fib level of 0.5 has confluence with the 200 daily EMA. Looks like a bear flag at this level as well; c) Stochastic still on the bottom along with the RSI ranging the bottom; Still looking for the bottom is in; Regards, S.SAri 2 DAILY Chart: 8 HRLY Chart: We have 2 levels as strong support or this band if you want to call it.
Long
by ssari
6