ADAUSD forming bullish Butterfly pattern|A good long opportunityPriceline of ADA / USD is forming a bullish Butterfly pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets.
Buy between: 0.048211 to 0.046442
Sell between: 0.049584 to 0.052906
Enjoy your profits and regards,
Atif Akbar (moon333)
Cardanousd
Cardano is BullishAs we can see, the moving average from ATL to current lows is now 100% higher from December 18' lows. This new breakout is the start of a new bullrun. There is PLENTY of room on the MACD and as you can see from the RSI of April 19', there is plenty of room going up from here.
It is unlikely that ADA will return to lows of $0.043-47, and will remain above $0.048 from here on out, unless Bitcoin crashes or some external event influences the crypto market.
Buy-in: $0.048-0.050
Sell: $0.08-0.10
Look at the last sell off and bull run. They are exactly the same trends and moves.
ADAUSDT formed another harmonic pattern |A good long opportunityAfter formation of consecutive Shark patterns the priceline of Cardano / TetherUS cryptocurrency has formed another harmonic gartley pattern and entered potential reversal zone.
This PRZ area should be used as stop loss point in case of a complete candle stick closes below this area.
We have a strong uptrend line support below the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.04502 to 0.04467
Sell between: 0.04529 to 0.04594
Enjoy your profits and regards,
Atif Akbar (moon333)
Cardano (ADA) Bullrun It seems like the entire cryptocurrency market has went through a healthy correction. It seems like Bitcoin has very strong support and has not broken $9,000 yet. If 2017 repeats, that means the entire market will flourish WITH Bitcoin. Some believe that once Bitcoin takes off, altcoins will fall. But, looking at the 2017 bullrun, you can see that was not true. At least not true for the top 20-cryptocurrencies. So, what do we have here with ADA?
ADA corrected over 50% since June 26th
RSI on 1D is bullish
MACD on 1D is bullish
There is no guarantee that ADA will fall to $0.39, it may take off at anytime.
Thoughts?
ADAUSD is forming Shark | A good long opportunityAfter successful formation of a shark pattern the priceline of Cardano / US Dollar is forming another bullish Shark pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah.
Volume profile of complete pattern is showing less interest of traders here.
But Stochastic is not oversold and strong bearish and MACD is strong bearish, therefore for secure trade I would suggest to wait for MACD to turn weak bearish or for bull cross signal from Stochastic then take the long position.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.043990 to 0.042961
Sell between: 0.044932 to 0.047016
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish cypher | Another long opportunityAfter formation of bullish BAT the priceline of Cardano / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
But the MACD is strong bearish and Stochastic RSI did not give any bull cross sofar, i would suggest for secure trade we can wait for macd to turn weak bearish or a bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 0.04495378 to 0.04431146
Sell between: 0.04545635 to 0.04666967
Regards,
Atif Akbar (moon333)
ADAUSD has formed bullish Shark | A good long opportunityPriceline of Cardano / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04519950 to 0.04355250
Sell between: 0.04705449 to 0.05075816
Regards,
Atif Akbar (moon333)
ADAUSD formed bullish BAT | A good long opportunityPriceline of Cardano / US Dollar has formed a bullish BAT and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04359920 to 0.04331920
Sell between: 0.04426687 to 0.04526911
Regards,
Atif Akbar (moon333)
ADAUSD has formed bullish butterfly | Upto 26% profit potentialPriceline of ADA / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
I have used Fibonacci sequence to set the targets as below:
Sell between: 0.044990 to 0.041982
Buy between: 0.047318 to 0.052961
Regards,
Atif Akbar (moon333)
ADA/USD looking like we may break downOn the ADA/Usd chart we see that it is trading within an intermediate upward channel, but it looks to be trading within a range in the short term between the three black support/resistance lines. The green rays are Fib retracement levels. We are currently at the first Fib retracement level and the bottom of our channel. A break below this should send us somewhere between the 0.067 and the 0.06 levels. This is where I believe we are headed in the short term as RSI, Parabolic SAR and SMI Ergodic Indicator are not showing any type of bullishness.
Bearish Divergence
RSI below 50
No cross bullish cross of SMII
Sell signals from Parabolic SAR
These are just my predictions, what do you think?
Thanks
ADAUSD Possible Head and Shoulders PatternCardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial advise, it's just for me to keep track of my own trading.
Happy Trading.
ADA USD -HOW TO TRADE THE CUP AND HANDLE PATTERNHey Everyone,
Many charts right now have formed a CUP AND HANDLE pattern and are almost at the point of breakout. There is a chance these patterns can fail, if we don't break out from the top of the handle. The safest entry if you are not and ELLIOTT WAVE trader, is on breakout marked on the chart.
WHEN TO BUY
Wait for a handle to form. The handle often takes the form of a sideways or descending channel or a triangle. Buy when the price breaks above the top of the channel or triangle. When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop loss is needed.
PLACING YOUR STOP LOSS
A stop loss is a MUST if the trade does not break out as it should or rejects at upper resistance. A stop loss will get keep you from losing more than you should is the price drops, instead of rallying, after buying a breakout from the cup and handle formation. The stop-loss serves to control risk on the trade by selling the position if the price declines enough to invalidate the pattern.
Place a stop loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop loss might also be placed below the most recent swing low.
WHAT IS A SWING LOW
Swing low is a term used in technical analysis that refers to the point where the wave turns at it's lowest on the price or an indicator. A swing low is created when a low is lower than any other surrounding prices.
The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!
This ADA trade currently is consolidating in the handle... BUY the breakout :)
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ADA IS MED TO LONG TERM BULLISH FOR OVER 100% - CryptoManiac101ADA / USD TA + FRACTALS
Fractals indicate possible bear trap coming up within next week or so followed by secondary leg upward with higher spike ups reaching over 100% from short term correction. We also have overall bullish momentum indication which means that leveraging this crypto in short term is risky however if you're on regular hold, this will perform well over time according to this fractal analysis.
Cardano Ready To Hit My TargetWelcome back!
A while ago I made a Youtube video talking about how ADA was a good buy back at $0.03
From there we havent really stopped going up! Next, I posted a signal in my Discord to buy at $0.06 and a sell for $0.111.
We are getting very close to my target at this point but there is still room to jump in. Prices are currently bouncing off the 50 MA which is always a good sign for continuation.
Prices are currently working on the final 5 wave impulse which could easily overextend beyond my target. Based off my count after we top out of this move we will finish the 1 wave
I will keep updates on how this plays out!
ADA - EXPECT LONG ENTRY ON SOLID BREAKOUT - CryptoManiac101ADA / USD TA
Here we see that all of our pattern have validated. Overall this is very good crypto to trade since it follows clear patterns and validates most of them. We can expect some downward action to continue within our downward channel until we actually have a solid breakout. Long term holders should hold onto their ADA coins as Bitcoin is starting to look more and more bullish.
CARDANO (ADA/USD) - Technically a Strong AreaTechnically a 'perfect' mid-term entry area should be the blue box, there are some lower levels also but this is the healthiest level!
- Different Fibo levels
- Channel trendline should act as a support
- Cup & Handle curve trendline should act as a support level
- EMA's act as the support levels.
- Recently worked price levels (orange lines)
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!