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Cardanousdt

Will Cardano (ADA) Breakout The $0.10 Resistance In This Rally?A chain reaction is triggered: in my previous post I predicted a chain reaction in the price line of Cardano, if you missed my previous post then here is the link: As in my previous post we have seen that in the month of March after strong bearish trend the ADA completed the final leg of big bullish Butterfly pattern on the monthly chart. And as per Fibonacci sequence of the bullish Butterfly the priceline was supposed to take the bullish divergence from the potential reversal zone and enter in the Fibonacci projection from 0.382 to 0.786 Fib level. And this was the Fibonacci projection of A to D leg. In the meanwhile on the smaller time period 2 day chart the ADA formed another bullish harmonic Crab pattern and entered in the buying zone of this Crab pattern as well. And we can see that 1st price action took a bullish divergence from the buying zone Crab pattern and triggered a kind of chain reaction that the priceline from the potential reversal zone of the big bulllish Butterfly pattern on the monthly chart also moved up and entered in the sell zone or Fibonacci projection area and produced more than 184% bullish rally. Now what next? Now the question arises that if both bullish patterns are executed then whether the priceline of Cardano will continue this bullish rally or not? Because so far the ADA has produced more than 184% Big gains. Is there any possibility that the Cardano will move more up to produce more gains? For that we need to study some more indicators and support and resistance levels let's have a look at them. Support and resistance levels: If we switch to the daily chart to watch the different support and resistance levels. Then we can observe that the strong bearish rally in the month of March 2020 the price action was trying to breakdown the $0.027 support. This is a very strong support that is not broken down since December 2018 and this time it has worked well and did not let the priceline move down. From here the price action moved up and broke out the next resistance level $0.045. At this time the price action has started a correction rally to re-test the previous resistance as support and after successfull re-test of this previous resistance as support the price action can move up to break out the next resistance level $0.065. And after breaking out the $0.065 resistance level we have key level resistance at $0.10. Once the price action will break out this key level resistance then it can turn more bullish to achieve the highest price ever in the history of Cardano. Moving averages: On the same daily chart the moving averages are also doing good. After the bullish rally of March 2020 the price action broke out all the simple moving averages with the time period of 25, 50, then 200 and at the end it has broken out the 100 simple moving average. Sofar the price action has re-tested the 25 and 50 simple moving averages as a support. After breaking them out the price action did not re-tested the 100 and 200 SMAs resistance levels as support. Therefore we can expect that the priceline may start correction rally from here and re-test the 100 and 200 simple moving average resistance levels as support. Conclusion: On short term we can expect a correction rally to retest the $0.045 support and 100 and 200 SMAs. The continuation of bullish rally depends on the success of this re-test if the priceline will not breakdown these supports and then it can further move up to breakout the key level resistance at $10 and in case of breakingout the $0.10 resistance it can turn more bullish than previous bullish move. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
1
ADA: SHORT THE RISING WEDGEADA ANALYSIS: ADA is another coin on a relief rally currently hitting the hourly resistance. ADA is also inside a strong rising wedge. With the current set up, it IS possible of a break UP and OUT of the wedge, which would be bullish up to .04. More so, im expecting this wedge to break down and fall back to create a known support closer to .022. The short targets are T1 at .027, T2 at .0261, T3 at .0244. RSI has bounced back significantly and ATR hit highs on this bounce. The bounce will give out to provide sellers another chance to knock it down. For those looking to play it safe, set BUY in bids near support! Possible Short Entries: .0285-.030
KRAKEN:ADAUSDShort
by altchicasignals
1
ADAUSD formed bullish BAT | Upto 40% move expectedHi guys and gals hope you are doing good, Cardano (ADA) is giving another long opportunity on 2 day chart and has formed bullish BAT pattern and entered in potential reversal zone and ready to move up at any time from here. The dimensions of pattern: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $0.0393 to $0.0352 Sell between: $0.0493 to $0.0493 Stop Loss: The potential reversal zone area which is up to $0.0352 can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
KRAKEN:ADAUSDLong
by moon333
ADA is being retraced after one and a half month bullish moveIn Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern. RSI had still some cushion 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: As per Fibonacci sequence the targets were as below: Buy between: $0.04315 to $0.02760 Sell between: $0.05788 to $0.08991 As per above targets this trade had potential to produce upto 255% gains. Finally we witnessed that since Dec 2019 to Jan 2020 the priceline of ADA moved up and sofar it has produced up to 138% profit. Price Correction Started After One And A Half Month: If we examine the price action of Cardano then it will be realized that since 1st Jan to 14 Feb 2020 there the ADA was moving up in a very bullish manner that there is not even a single red candle stick appeared during this period even it has broken down all simple moving averages from 25 to 200 during this period every professional trader was expecting a price correction move which the Cardano was not making even with every day the buying volume was more being increased that was a clear indication that bull has completely taken over the bears and they are in charge now. The Moving Averages And Their Bullish Formation: Now if we move one step back from 2 day to daily chart then here the simple moving averages with time period of 25, 50, 100 and 200 have almost formed an alligator’s bullish opened mouth there is only one move left and that is the golden cross between 100 and 200 SMAs once this bull cross will be formed we can witness a new and more powerful bull rally like once it was happned in April 2019 when Cardano gained more than 80% value from $0.5910 to $0.10687. Similarity Of Moves Of Price Action: Now if we switch back to 2 day chart again then in previous move we can see some resemblance with current move when the price action moved up without any price correction from 4TH Mar to 3rd April 2019 and then ADA dropped upto 0.618 (61.8%) Fibonacci level which is considered as ideal drop or retracement among professional traders and Cardano also had a 50 simple moving average support at this leve, and the price action took bullish divergence from this level achieved higher than previous high. This time the price action is seems to be taking the same move as we can observe that it has moved up from jan to Feb 2020 without any correction and now it is being retraced. Sofar it has achieved 1st level of ideal retracement upto 0.382 (38.2%) Fibonacci but this time the ADA is in more stronger position than previous move coz from Mar to April 2019 the price action did not have the 200 SMA support even at that time the 200 SMA moving down from a long distance above the price action but this time we have 200 simple moving average support between 0.382 to 0.50 (38.2% to 50%) Fibonacci level therefore this time there are more chances that the priceline will start upward move after taking bounce from 200 SMA and that moving average this time lies at $0.5492. So most of the professional traders might set this 200 simple moving average as their stop loss and most of the traders may place their buying positions at this level by setting the same 200 SMA as their stop loss. Conclusion: At this time there are two decision making levels one is simple moving average 200 and the other one is Fibonacci level of 0.50 (50%) if the price action of Cardano will be successful to retest these levels as support and bounced from here then we may see more powerful bull rally which will lead to achieve an higher than the previous high but if the priceline won’t be successful in retesting these levels as support then we may see the drop up to 0.618 Fibonacci level which is at $0.04753.
by moon333
💎 CARDANO/USD - Very bullish pattern right here! STRONG BUYHello everybody!🧑🏻‍🚀 If you like this chart THUMB UP!👍 CARDANO shows very strong pattern name "Ascending Triangle". Also we can see Stochastic RSI in the beginning of rising. With a strong crypto market we can see the breaking of the triangle and jumping to the drew level! Good luck! All targets on the chart! ___________________________________________________________________________________________________________ Subscribe to my channel and receive fruitful recommendations regularly! 😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru
Long
by Fandorinn
3
Possible 50% return on ADA CardanoWe see ADA testing the median line of the Inside Pitchfork, but nicely rejecting the downtrend. If ADA can hold above the trend line it may shoot for the median line of the Original Pitchfork for a 50% roi. Possible targets to take profits are around: - 0.063 at the 1:1 extension based of the proposed wave 1 - 0.066 around de negative 0.618 fib level - 0.075 around the 0.382 of the impulse started dec. 2018 - 0.081 around the median line of an original pitchfork and a 1.618 extension
Long
by Fomonacci
ADAUSD forming bearish Shark a good long opportunityThe priceline of ADA / US Dollar cryptocurrency is forming bearish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.040532 to 0.039681 Sell between: 0.041830 to 0.043928 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD forming bullish Cypher | Long opportunity ahead After forming BAT pattern now th priceline of ADA / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.040103 to 0.039162 Sell between: 0.040843 to 0.042621 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD formed a bullish BAT | a good buying opportunityAfter completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.038109 to 0.037835 Sell between: 0.038764 to 0.039747 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333