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ADA.USDT (Y20.P3.E5.v3).Looking for the next longHi All, *** This is a continuation of the previous posts *** OBSERVATIONS: =============================================================== 2 Day, Weekly and Monthly charts below; 1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support; 2) Funnel formation\structure at the macro level; 3) Daily chart shows reversal signs on both the structure and indicators; 4) Daily shows we have the 21 ema resistance; 5) 2 Day indicators shows the following: > Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year; > KDJ is more responsive than the MACD and is showing signs of a reversal; > 2 Day candle stick is bullish; > Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon; 6) Weekly chart shows the following: > Large rejection wick to the downside from the MR (Monthly resistance level, now support); > Rejection form the weekly resistance level; > 21 weekly EMA has confluence with the Monthly support; > Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line; 7)) Monthly chart shows the following: > Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month. > Resistance was and is the previous monthly resistance; > Monthly candle is less than half the previous candle, showing momentum coming back; THOUGHTS: ================================================================= If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal. ADA is one of those coins that you should have going long; Next year has many things going for it with many developers having interest on this platform; Daily chart: 2 Day chart: Weekly chart: Monthly chart:
Long
by ssari
1
ADA.USDT (Y20.P3.E5.v2).Looking for the next longHi All, *** This is a continuation of the previous post, link provided below. *** Note: Log settings are not enabled on this chart. I have come across the LIVERMORE Speculative Chart just today and it seems many of the ALTs are doing this in some form or fashion. I have yet to spend much time on learning all the details to this strategy. So my first attempt is on ADA. The LIVERMORE base structure starts off with a accumulation cylinder with a widening mouth, just like ADA here. The 1,2, 3, 4,5 ,6, 7 what I understand usually aligns with the Elliot impulse with 6,7 corresponding to a ABC correction. So I have given the background to this approach and now its now a matter of waiting for a bullish reversal to jump in, if this is to be true. Lets see if I have interpreted this correctly. - I have both indicators over into the reversal area of the stochastic, phoeix and RSI indicators on the daily; - I have price action on a trend line (support) as well as a fib level; If ADA is to do what is on this post, then its likely BTC will be defended here and no new lower lows. ADA might wick down a little lower with a acceptable deviation for this chart structure to work or be true. So might BTC. Below is a high level overview which I believe could align with the Livermore strategy. Regards, S.Sari Overview with key levels on the fib as resistance which also equate to targets. Aligns well with this strategy, if its true. PREVIOUS POST to this topic
Long
by ssari
1
Watching for Smart Money in the Daily Perspective for ADA/USDHello everyone, Hope all is well. Thought I would expand on the topics yesterday by looking at the daily perspective of ADA/USD. As I am looking wide and starting to hone in. The recent uptick causes excitement for some life. It is important to layout what is ahead of ADA. Where are the decision points for smart money. To help people plan on important price point battles on either direction. What did I do: • Drew horizontal rays for resistances/supports • Drew date ranges Setting: I will be pointing out the different resistance/support lines in order by date as we saw a descend in the market from ‘18 and on. Makes it easier for me to report it. January 4th, 2018 – Resistance $1.39 May 3rd, 2018 – Resistance $.3878 July 18th, 2018 – Resistance $.1963 Dec 7th, 2018 – Support $.02704 June 26th, 2019 – Resistance $.1070 March 13th, 2020 – Support $.01801 July 7th, 2020 – Support $.1070 Test: Our nearest test is to the test our support of .1070. As ADA has made the recent jump to turn the resistance level into a support level. Some encouraging signs. Our next big daily test seems to be at the $.1963 Ideals: Bullish Idea: Healthy support bump from .1070 to give confirmation of its support. Then attack round figures in similar fashion that ADA did between March 13th to July 7th. Bearish Idea: Failure at this support would cause a fear as it would need to find a new support. There support is at the 1-2 cent range as they show reversal in direction of the trend. As always, I am only a small prey in this jungle. History will help us prepare for the future. Happy Friday! Enjoy yourself, take a walk, read a book, drink a beer, enjoy family or friends or hobbies.
by ReReckles
1
ADAUSD formed another bull flagHi friends hope you are well and welcome to the new update on Cardano. The ADA coin has two major events one is at the end of this month and other one is in next month. First we have the Shelley hard fork on 29th of July and the next event in my point of view is more significant and that is the 1st stacking rewards on August 18 2020. A big bullish harmonic move: First of all, I would like to recall my previous idea that I posted on 24th March when the Cardano coin completed the final leg of bullish butterfly pattern on the monthly chart. And as per Fibonacci sequence of bullish butterfly, I predicted by buying in sell targets and so far it has produced more than 470% bullish rally. So congratulations to the people who bought the ADA on my call but do you remember the information I am providing here is only for educational purpose. An up channel: Now if we switch on the daily live chart then the Cardano is moving in an up channel. From 9 July to 17 July the price action broke out the resistance of the channel for some time but while re-testing the previous resistance as support the priceline failed to retain the support and re-entered in the channel. The bull flags: Now if we switch on the small time period four hour chart to take a more closer look on the movement of the price action. Then it has formed a pennant and after hitting at the support of this pennant the price action is moving towards resistance. And if we switch to the daily chart then this pennant will seem to be another bull flag as the Cardano is already forming different flags on the daily chart during this strong bullish rally. The SMAs on 2 day chart: If we place simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then it can be noticed that as in my previous article I was expecting that the 100 simple moving average will soon form a bull cross with 200 SMA and now this bull cross has been formed completely. Conclusion: On the long term if the price action will be able to completely cross up the 0.786 Fibonacci projection of A to B leg as I have defined on the bullish Butterfly chart on the monthly time frame. Then we can observe more powerful move than the previous one. However, we should set our stop loss at the support of an up channel where the price action is moving on the daily chart to minimize the risk factor.
KRAKEN:ADAUSDLong
by moon333
3
ADAUSD is likely to discontinue the correlation with BTCHey friends hope you are well and welcome to the new update on Cardano. The ADA coin has turned very strong bullish comparatively to all the cryptocurrencies. so we will discuss how it completed this bullish setup and what it can do next. A re-cap: last year in August 2019 I posted an article where I predicted that the price action of ADA has formed a bullish Shark pattern. As per Fibonacci sequence of this pattern I predicted that the price action should enter between $0.057 to $0.089. Finally the price actions started rally in December 2019 and produced more than 46% and dropped down again in the potential reversal zone and started another rally. Comparison between the harmonic moves of Cardano and Bitcoin: In March 2020 the price action of Cardano and the Bitcoin both formed different harmonic moves. The ADA coin formed a bullish butterfly pattern and as per Fibonacci sequence of this pattern I predicted that the price action should enter between 0.382 to 0.786 Fibonacci projection of A to D leg of this butterfly. Finally the priceline turned bullish in April 2020 and produced more than 230% rally so far. At this time the price action is likely to break out the 0.786 Fibonacci projection area. If it will be broken out then it can start more powerful bullish move than the previous one. On the other hand the Bitcoin also formed a bullish Gartley pattern on the monthly chart and entered the potential reversal zone in march 2020. And I predicted that as per Fibonacci sequence of this pattern BTC should atleast reach between $8654 to $12070. Finally the price action turned bullish in April 2020 in entered in this zone. But so far it has produced almost 53% that is far less than the profit that has been produced by the Cardano. The different indicators are signaling more bullish moves for ADA: If we switch to the daily chart then we can observe that since June 27 up till now the Cardano made and other bullish move of 26% but the BTC at the same time was moving down. If we take a look at the different indicators then on Cardano’s chart the MACD is strong bullish and the stochastic is also strong bullish but at this time on the Bitcoin chart the stochastic is bearish and MACD is weak bearish. The SMAs: If we watch the simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then Cardano has crossed up them all. And it is moving above all these SMAs. The 25 SMA also has formed bull cross with 50 SMA beneath the priceline and the 25 simple moving average is also working as a really very strong support for the price action. But on the other hand the price action of Bitcoin has broken down the 25 and 50 simple moving averages and the 25 simple moving average has formed a bear cross with the 50 simple moving average. Even though we have 100 and 200 simple moving averages strong supports below the price action. And the 100 SMA has also formed bull cross with 200 simple moving average. But there is a big gap of almost $500 between the current priceline and the 100 simple moving average support. Therefore price action can be dropped up to this level at any time. An up channel: On the daily chart the price action of Cardano is also moving in up channel. For example, if ADA will not break down or break out the support and resistance of this pattern and will continue to move within this channel then with the passage of time it will continue achieve more higher price levels. Conclusion: We have been watching the correlation between the Cardano and Bitcoin and all other top alts upto April 2020. But after that up till now the ADA coin is likely discontinue this correlation with the Bitcoin and all other top altcoins.
KRAKEN:ADAUSDLong
by moon333
5
Will Cardano Break The Last Support?A recap: In Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern. RSI had still some space to move in oversold zone and moving average convergence divergence ( MACD ) was still strong bearish , therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed at that time below was the article: Finally in December 2019 the Cardano took the bullish divergence and after producing more than 46% bullish rally the priceline of ADA retraced back again. It was expected that if the price action will cross up the 0.786 Fibonacci projection of C to D leg of this bullish Shark then it will be turned more bullish. But unfortunately the price action went closer to 0.618 Fibonacci projection level and from this level the seller took over the charge and brought the priceline down again. Hitting at last support: In previous week we have witnessed a strong bearish rally that brought the price action down upto the last support at $0.027002. And the price action has hit a spike up to $0.018540. That is the new lowest price ever in the history of Cardano with US dollar pair as per Kraken exchange. Harmonic move a sign of hope: Now there is a strong hope appeared that on this last support the price action of ADA has completed formation of bullish pattern. It can be easily seen that a a bullish Crab has been formed. The initial leg of this pattern was started with the candle stick that was opened on 17 December 2019 and has been completed on 12 Feb 2020. After that the price action has been retraced back between 0.382 to 0.618 Fibonacci level. And then the price line projected between 0.382 to 0.886 Fibonacci projection of A to B leg. Now from here the price action was suppose to be retraced between 1.27 to 1.618 Fibonacci level and this recent sell off has helped the priceline to move more down to complete the final leg. So far we can see the price line of ADA has only hit the spike in potential reversal zone area but soon we can expect that the price action will again move down to enter in this zone. The range of potential reversal zone and Fibonacci projection area or buying and sell targets can be as follow: Buy between: $0.019129 to $0.004567 Sell between: $0.030263 to $0.057737 As you can see this potential reversal zone of 318% area therefore if for example the priceline hits the lowest pricelevel of this PRZ level and hits the highest Fibonacci projection or sell zone then it can be a 1164% really very massive move. This can be the same volatility as the NPXS normally shows. However In my opinion it is not possible that ADA would move as that much down therefore we should find the buying at the starting of potential reversal zone. This is the 1st positive sign I have found sofar if there will be more developments then I will definitely share with you.
KRAKEN:ADAUSDLong
by moon333
ADAUSDT Short-term Trading PlanADAUSDT seems formed 2 simple A-B-C correction moves after the dump, all nailed the 1 to 1 fib-extension level at point C from point A. Then wave 2 retraced 50% from wave 1, and wave 3 has a clear small 5 waves inside, now ADAUSDT seems like working on its 5th wave. After taking a fib-extension from point 3 to point 4, there are a couple of levels to watch: 0.618-0.65, 0.786, and 1. We are currently between 0.5 and 0.618, RSI and MACD seem overbought already, however, it still may not be a good time to short yet. Firstly, there were situations that RSI and MACD were even higher than the current levels at 8 hours and 4 hours; secondly, BTC and SP500 are still green, and the price rise of both will very likely to push ADA higher; and also, we do have previously resistance pivots that were formed in May 2019 at 0.618-0.65 levels, and we have the high in June 2019 almost exactly at 1 to 1 level. In conclusion, I do think ADAUSDT is about reaching its top and we are likely see a dump soon, however, the current situation is still uncertain as explained above. If BTC and SP500 get dumped within a couple of days, then maybe the current price or 0.5 level is the top of ADA; but if BTC and SP500 are still green then ADAUSDT is likely to get pushed to 0.618-0.65 level or 0.786 level, and I do expect a dump at those levels with other indicators and the general market as confirmation; As of 1 to 1 level or higher, I believe the possibility is pretty low since ADAUSDT doesn't really have previous resistance pivots at those levels, all the previous pivots that formed higher than 1 to 1 level were all happened during a bearish trend when the coin was getting dumped, and many indicators are already overbought level, thus, a push of price to higher than 0.117 is unlikely as for now. So, look for RSI, MACD and other indicators for confirmation, and also keep an eye on the market, a drop of ADAUSDT can happen soon. Thank you guys.
Short
by BoilderRoomColdCaller
4
ADA Has Surged More Than 200% But Still Going Better Than BTCHi guys and gals hope you're doing good. Cardano is the coin that is going for better than the Bitcoin in other top altcoins. Today we will try to understand the movement of the price action of ADA coin what it can do next. The difference between Cardano’s move and other cryptocurrencies: As in the below chart it can be easily observed that the ADA and Bitcoin both have formed up channels on daily charts after the mid of March 2020. And there were many more other cryptocurrencies that have formed same as like this up channel following the movement of the Bitcoin. But the difference between the Cardano and all other cryptocurrencies is that ADA has broken out the resistance of this channel on the 30th of May but on the other side the Bitcoin and many other top altcoins have broken down the support of the channel. I have also placed the simple moving averages with the time period of 25, 50, 100 and 200. And when the Cardano broke out the resistance of the channel then there was a big distance between the price action and all the simple moving averages. So there were two possibilities whether the price action starts a correction rally to the downside up to the nearest available moving average to have some support over the moving averages or the moving averages move up to provide the support to the price action. And finally the moving averages moved up to provide the support the price action and that is really very positive move. At this time the price action is at the support of 25 simple moving average and 50 simple moving average is also moving up. And if we watch the 100 and 200 simple moving averages then recently the 100 simple moving average has crossed up the 200 moving averages. After this cross a complete opened alligator mouth is formed by the simple moving averages. As now we have the smallest time period moving average above all other moving averages and the biggest time period moving average is below all the moving averages. On the other side on BTC chart we have the smallest moving average above all other MAs but the biggest time period moving average so far is not below all the moving averages therefore the ADA coin has potential to move against the market its mean that if the Bitcoin will be moving down then it is possible that Cardano will maintain its position. The exponential moving averages and their synchronized movement with indicators: If you watch the exponential moving averages with time period of 10 and 21 then it can be easily observed that since the priceline of ADA has crossed up these two exponential moving averages then it is using them as good support. I have also observed the movement of the price action above these two EMAs is very much synchronized with stochastic and MACD indicators. Because whenever the price action touches the exponential moving averages and stochastic gives the bull cross and MACD also turns bullish then the price action starts next bullish rally until it re-tests the exponential moving averages again. This time when the price action again touched the EMAS then stochastic gave bull cross and MACD also truned weak bearish from strong bearish that is also a bullish signal. Then ADA tried to start the next rally. But again the stochastic has given bear cross and the MACD also turned strong bearish in the price action again moved at the support of these to EMAs. Now the MACD is again turning bullish. If the price action will be still on these EMAs and stochastic will again give the bull cross then it is possible that the price action of Cardano will start the next bullish rally. Different support and resistance level and re-testing of resistance as support: Now if we switch to the two day chart then on this chart the different support and resistance levels can be seen very clear. In the month of March 2020 the price action bounced from the last support of $0.027 and crossed up the next resistance of $0.045. The price action retested the previous resistance as support and crossed up the $0.065 resistance level and after breaking out the next resistance level the price action has broken out the $0.08 resistance level as well. At this time the price action is retesting $0.08 resistance as a support. If this retest will be successful then the priceline of ADA can move up to the next resistance level that is at 10 cents. Otherwise it can move back to the previous resistance level of $0.065 to re-test it as a support. Now the next move of the Cardano whether to the upside and downside depends on this retesting of previous resistance level as support. Conclusion: So far the price action of Cardano is more bullish than Bitcoin and other top cryptocurrencies. Therefore we can expect that ADA can be a safe heaven at the time when the Bitcoin will start correction rally. However we can set a stop loss at next support level that is $0.065 to minimize the risk of investment. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
2
Cardano (ADA) Is Gonna Start Chain Reaction SoonHi folks, hope you are doing good, today I am gonna show you a really very interesting move made by Cardano’s price action. It has formed a series of bullish pattens and formed patterns within other patterns. Therefore this article can be really very interesting for the people who are trading for holding ADA. Recap: First of all I would like to take you to my old article that I published on 19th August 2019 and on this chart I revealed that Cardano has formed a bullish harmonic Shark pattern. This pattern was started from Feb 2019 and completed on August 2019. And as per Fibonacci sequence of bullish Shark it was expected that the price action will enter in the Fibonacci projection of C to D leg from 0.382 to 0.786 Fibonacci projection level. If the price action would cross up the 0.786 Fibonacci projection level then it would turn more bullish but unfortunately after visiting the Fibonacci projection area or sell zone the priceline dropped at the support. Dropped on strong support: At this time we have a strong suppor at $0.027 and we can see so far it is proven very strong support as on 13th March 2020 on daily chart a really very strong and long bearish candlestick tried to break down this support but even after hitting far more beyond this support the candlesticks retraced back above the support zone. It can be expected that the priceline would move at this support level sideways for some more time. Bullish Crab pattern on 2 day chart: Now let's come to the point that I want to share with you and that is ADA has formed harmonic patterns within other harmonic pattern let's take a look at 2 day chart. Here on 2 day chart the price line has formed a bullish crab pattern let's have a look how perfect this pattern is formed after initial leg the A to B leg is retraced between 0.382 to 0.618 Fibonacci level and B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg. After that the last leg is retraced between 1.27 upto 1.618 Fibonacci level. Even though the price action has hit the potential reversal zone and retraced back and has hit the Fibonacci projection area of A to B leg from 0.382 to 0.786 Fibonacci projection but I am expecting that it will be turned more bullish soon and it can even cross up 0.7886 Fibonacci projection level because we have more bullish patterns on log term charts. www.tradingview.com Bullish Butterfly pattern on weekly chart: Now let's move to the weekly chart where the price action of ADA has formed bullish butterfly pattern. Let's have a look how perfect this pattern is formed. The initial leg was started in December 2019 and completed on Feb 2020. Then A to B leg has been retraced between 0.618 to 0.786 Fibonacci level that is the first confirmation of bullish butterfly pattern. Then B to C leg is moved up between 0.382 to 0.886 Fibonacci projection area of A to B leg and here we have received the second confirmation of bullish Butterfly. Now we can see the recent strong bearish rally has helped the price action to complete the final leg off this pattern and C to D leg is retraced between 1.27 upto 1.618 Fibonacci level. Even though we can see that the price action has hit beyond the potential reversal zone of this pattern but in very next candle the priceline is pulled back and has hit the 0.382 to 0.786 Fibonacci projection of A to D leg. But we can expect that soon the priceline will again turn bullish and we will see some green candlesticks on this weekly chart. Very bit bullish Butterly on monthly chart: Now let's move to the more bigger time period chart and that is one month chart. On this long term chart price action of ADA has formed another harmonic Butterfly pattern. The first leg of this butterfly was started on November 2018 and completed on June 2019. Then we can see that the price action has been retraced between 0.618 0.786 Fibonacci level and from November 2019 to Feb 2020 the price action moved up between 0.382 to0.886 Fib projection of A to B leg. Then again the price action dropped between 1.27 upto 1.618 Fibonacci retracement level and here we have a complete bullish Butterfly. A chain reaction to achieve highest price: Now we have a series of harmonic patterns. The first one is on 2 day time period. The second one is on weekly time period. And third one is on monthly time period chart. The short time period 2 days pattern can provide the push to the pattern that is formed on weekly chart and the weekly chart parent can provide the strong push to the pattern that has been formed on monthly chart. This move of Cardano will be like a chain reaction. And this chain reaction can produce a very powerful bullish divergence even we can see that the ADA can achieve the highest price ever in the history of Cardano.
BITTREX:ADAUSDLong
by moon333
1
Don't miss the great buy opportunity in ADAUSDTTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ADAUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Take Profits: TP1= @ 0.0904 TP2= @ 0.1011 TP3= @ 0.1135 TP4= @ 0.1555 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
28
BUY after the price breaks out from plotted resistance level.This is 4h chart of CARDANO (ADA) and i have plotted a trend line along with a resistance level. Price had went very bearish. This has made 5th consistent high which is less that the earlier high. Price will try to break out. If the price goes above $0.08 WITH VOLUME, then price may go Bullish, otherwise if the prices tests this level and goes down then the price will go very Bearish. Remember one thing, always buy or sell after the price breaks out the support or resistance level. Wait for the price action, act accordingly.
KRAKEN:ADAUSDShort
by Cryptocians
Cardano (ADA): Analysis using Ichimoku 13/06/2020H4 The price is trading below the Ichimoku cloud, indicating a possible end to the upward movement of correlation. RSI has reached oversold levels. Also, between the price and the RSI, convergence was formed. Fibonacci level of 61.8% was tested. Conclusion: We recommend buying at the current price, as many indicators indicate completion of correction on H4. H1 The price is trading in the Ichimoku cloud and above the Fibonacci level of 23.6%. RSI is in an undefined state. Conclusion: We recommend buying when the RSI reaches the oversold level, as well as from the Fibonacci level of 38.2%. Good luck!
Long
by QubitLife