Cardano (ADA) Bullish Pattern, looks to be a strong buyCardano looks very bullish right now, seems to have tested the base with the head and shoulders, now looking to break out for a 5% profit. This is a strong buy in my book, I already entered at 1834 when my limit order was filled. *My stop is 1864, so if the rally fails I can still rebuy at a cheaper price.
Buy in:
On white trendline if breakout fails, which is likely with the bullish divergence. I already bought some just in case, see note above*.
Sell target:
1963 sat level, around 4-8% gain depending on your buy in.
Thanks for viewing! I think this is one of the many good trades available today. Please leave your comments in the section below.
Cardanousd
Bearish channel intact approaching a Low. Short.Cardano traded for a few days within our projected Rectangle, which was broken yesterday to the downside. So far 1D has found support exactly on the estimated 0.107614 horizontal line right before hitting the TP1 = 0.099141 (December 11th, 2017 low). I expect 1D (RSI = 34.197, Highs/Lows = -0.0156, B/BP = -0.0353) to create another curve pattern that will reach its bottom near our TP2 = 0.078501 (Dec 08, Nov 30, 2017). That will be a Lower Low on the 1W Channel Down for ADAUSD, so expect a rebound from there.
PREDICTION:ADA to 0,64 is very realistic,analysis(ADAUSD,ADABTC)Hello everyone
I’m interested in ADA for a long time. Today I decided to make a big analysis and to share it with you guys, let me know what you guys think and if you would like such analysis on another coin. Let’s get straight in to this .
ADA/USD
So you don’t have to be a TA-expert to see that ADA price is very cheap at the moment. So what are the most important things to look at:
-The triple bottom is very bullish, that means that the bulls are strong enough to defend the 0.124 line. This is very bullish because it’s over a longer timeframe. We can see that this triple bottom is created in +/- 2months, which is a very long time in crypto-perspective. We can see that we’ve found support at the exact same levels in the past (March).
-For me the buy zone is between 0.11 and 0.158. we can see a huge support-line at 0.11 (that’s our absolute bottom in my opinion).
-I think this coin is really worth the risk aswell. The first strong resistance line will be at 0.2. the first big support is at 0.11. So that means if we go up, that our first real test is 55% higher than our current position. If we go down, then our first support is at 0.11/ 10% below our current position, so this is worth the risk if you ask me. We have had a 91% correction on this coin, this is bargain!
ADA/BTC
-So here we can see a double bottom, we’ve found support at exact the same price as in March. This shows us that ADA will probably never go under that price again, bulls have decided that this is the absolute bottom. We can see a very strong support at 0.000017.
-The buy-zone for me is between 0.000016 and 0.00001938.
-Taking a long trade is also here worth the risk, the first big resistance is at 0.0000235 ( increase of 26%) and the support is at 0.000017 (decrease of 7.2%).
ADA to 0.64
First of all, in this case, cardano’s-dominance or the weight cardano has on the crypto market is (+/-) the same as on this moment. If we get an altcoin-run, the ADA-dominance could be a lot higher than 0.64.
Calculation:
ADA-domination: 1.33%
total market cap RN: (+/-) 256 billion
ADA-domination to ‘the other coins’: 6.7%
‘other coins’: everything except the big ones (BTC, ETH, LTC, BCH, XRP,… FIRST SIX)
If we see a bull-run like in December, I think this market will be a 1 trillion market. If ADA domination to other coins stays at 6.7%, ‘the other coins’ (which I doubt it, I think it will be higher). Than we the other coins will at least have a 25% domination in this market, if ADA stays that dominant the next price could be at 64 cents easily.
This above is worst case scenario in a bull run. If there comes another bull run, the ADA-dominance will be a lot higher, so will the price. (this was just quick maths in worst case scenario).
summary
The only way is up for ADA!
Bearish curve intact. Short continuation.The bearish curve on 1D has perfectly contained ADAUSD within its bands (RSI = 38.241) and directed the price from the 0.183189 Resistance towards the 0.121695 Support. As you see on the chart since the 0.144276 pace line (green) was crossed, the drop is being decelerated in an attempt to harmonize the oversold action on 4H (ADX = 77.809, Williams = -88.242). The High 4H Volatility (ATR = 0.0053) should create a Rectangle similar to the previous one, as seen on the chart. Out targets for Cardano are untouched: TP1 = 0.099141 (December 11th, 2017 low) and TP2 = 0.078501 (Dec 08, Nov 30, 2017).
Cardano (ADA) Bullish Ascending Triangle, 5.11 R/L RatioCardano is currently in an ascending triangle, & we have bullish divergence on the 1 day chart. This could be a promising long trade. Get in before the breakout and before the bounce from the trendline, don't pay retail.
Buy in:
1828 satoshis
Sell target:
1875 satoshis
Stop loss:
1820 (Max of 0.43% loss)
Or you can avoid selling if you believe the breakout is imminent. Keep in mind it will not follow the triangle exactly and may go sideways. Long as we have higher highs and the same resistance I will remain bullish. This pattern works well in crypto. Risk to reward is over 5, but will probably not follow the trading plan exactly, so should be used as a reference.
Thanks for viewing. Leave your thoughts below, I will respond to all of them.
[ADABTC +5%] Cardano Spectro™ M Bullish Reversal WarningThis is a signal using Spectro™ M
First be careful, this is the 2nd bounce from a 1st failed reversal attempt, this is a trade I like because the first wave got leveled and now we might see a double bottom giving us a solid and safer entry point.
This is a strong reversal signal since we have every single indicator in Spectro pointing towards the reversal.
The blue background is the trend analyzer telling you that we are entering a reversal zone.
The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target.
As you can see from past trades the clouds can be very precise prediction future price.
The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal.
The Warning is also turned on, which means a possible direction change.
So pretty much we have all signals that come before the confirmation.
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing.
From where we are now to the target we can see a 5% profit, if the small correction goes all the way to the bottom of the double bottom, we can fetch a 7.5% profit.
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ADA CARDANO THE COMEBACK OF THE HARMONIC PATTERNSHarmonics pattern woke up my bullish feeling and together with the study of the relationship between alts and bitcoin markets allowed me to take the right decisions at the right time.
Market manipulation is clear and this is done to optimize the gains of the big stakes.
Harmonics pattern is for me a sign that interest in investing in crypto is coming back (...or maybe is just a trap to attract buyers)
I'm not used to trade ADA, but i look confirmation or search ideas for my targets looking at different coins.
Here another example of harmonic patterns.
after concluding a bullish AB=CD there is now a possible bearish bat under formation.
The bearish bat will give the entry for a possible short. The short could bring ADA everywhere under 0.22, with a first TP around 0.16.
a break out from the right side of the triangle formation will bring ADA approximatively at short entry.
If the bat open to a short, the lenght of the short will give us an important information about the next steps. If bears are unable to push ADA under 0.16, bulls will take the control again and push ADA and the whole market high again (for head and shoulders histerics, concluding a head and shoulder pattern)
If another bullish cycle will beginn so early… it can just be very strong.
BIO
1D Resistance held. Long term downtrend intact.Cardano was rejected under the selling pressure of the 1D 0.1832 Resistance with the chart now neutral (STOCH = 48.832, ADX = 18.447, Highs/Lows = 0) on a curve pattern that is about to breakout lower. 4H is already selling above the SMA50 = 0.17126 targeting the SMA200 = 0.14954. We still expect a test of the lower support levels for ADAUSD, TP1 = 0.099141 (December 11th, 2017 low) and TP2 = 0.078501 (Dec 08, Nov 30, 2017).
Testing the 1D Resistance. Long term downtrend intact.Cardano has crossed the 4H Channel Down to the upside emphatically (overbought RSI = 78.264) and is testing the first Resistance on 1D = 0.1832. 1D is also overbought on STOCHRSI = 100, Williams = -6.422, CCI = 249.9653, Ultimate Oscillator = 71.897 but can still rise towards the second Resistance = 0.2189. In both cases, we expect a test of the lower support levels for ADAUSD, staying short (2 positions) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
Downtrend resumed. New Lows ahead. Strong short.ADAUSD broke down after completing an Inverted Head and Shoulders (curve shape) like pattern on 4H (RSI = 39.039) but on a less aggressive manner (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0035). Despite the significant downside potential marked by 1W, Cardano follows a more controlled Channel Down on 1D (CCI = -13.9969, Highs/Lows = 0.000), which indicates that a more violent pull down is imminent. We keep two shorts (latest added at 0.1580) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
Divergence almost over. New opportunity to short.Cardano broke the 1D Channel Down (RSI = 46.845, Highs/Lows = 0.0078, B/BP = 0.0146) on a highly speculative move led by Bitcoin. I expect this bullish leg to fail under the pressure of the Cup's 0.171237 Resistance and resume the downtrend. In any case 4H remains mainly neutral (ADX = 25.115, CCI = 32.9889, Highs/Lows = 0) showing no signs of further uptrend for ADAUSD. Additional shorts have been added on 0.1580 with the targets intact: 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
Target near. Aggressive downtrend potential ahead.ADAUSD remains on a 4H downtrend (RSI = 24.746), being methodically rejected by the Higher resisting Lower High trendline of the commanding 1D Channel Down (RSI = 24.957). Although the price is near the TP = 0.107614, the bearish pace has been slower than what was expected (4H MACD = -0.006, Highs/Lows = -0.0067, B/BP = -0.0125 and 1D MACD = -0.022, Highs/Lows = -0.0226, B/BP = -0.0458). You can see on the chart that the price remains above the intermediate band (blue dots) of the 1D Channel Down. Based on the 1W Williams = -69.872, it should aggressively cross to the lower bands of the Channel Down soon, with the downside potential high. The December 11th, 2017 low = 0.099141 and 0.078501 (Dec 08, Nov 30, 2017) low are the final stages before the current approach on Cardano is reviewed.
TP hit again. More aggressive 1D Channel Down continuation. ShorTP = 0.1217 hit, with the 1D Channel Down (oversold RSI, STOCHRSI, Williams, CCI) bouncing off the Resistance line, making a Lower High at 0.171680 and being rejected towards the 1W support = 0.1217, since our last update. The next obvious target on 1W is the December 11th, 2017 low = 0.099141, with 0.078501 (Dec 08, Nov 30, 2017) being the next and last before new patterns need to be modeled. See on the chart however how the price is still above the middle band of the 1D Channel Down hence the less aggressive (almost neutral) MACD = -0.023, Highs/Lows = -0.0287, B/BP = -0.0556, indicating that the downside potential is big. Our TP = 0.107614.
ADA/USD pair seems to have no clear direction currently. The currency pair is one of two today’s leaders as it added nearly six percent in the past 24 hours. Cardano seems to feel good as ADA price moves along the green ascending trend line. However, currently, it is in correction. ADA/USD has crossed the support area at $0.2523 and currently loses its positions. Cardano price is still above the Ichimoku cloud meaning buyers are controlling the market.
Possible scenarios for Cardano are the following:
1. ADA/USD will develop its decline towards the green ascending trend line and test it. Sellers will have the opportunity to push Cardano even lower if successful. The closest support area is at $0.2387.
2. The currency pair will try to test the closest resistance area at $0.2523. Buyers will have an opportunity to drive Cardano even higher if successful.
3. ADA/USD will stay close to the current level without significant price changes.
The currency pair seems to have no clear direction currently. It moves along the higher border of the Ichimoku cloud on the hourly chart.
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