Cardona
Cardano 30 minute - Falling WedgeADA throwing a falling wedge 30 minute chart will break to the upside when the wedge terminates. Maybe not enough time for this to happen before BTC falls....
ADA (Y20.P3.E1.v2).Macro.Structure.BullishHi All,
This is a continuation from the previous post, listed below.
If you follow me, I use the bump and run strategy to explain many of my charts and hence approach, to help find targets and reversals.
This is another inverted BARR chart with 0.075 and 0.10 as the main targets.
Observations:
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> Has broken a strong (sloping) resistance line, but we are waiting for the 4 HRLY candle to close
> Downward pressure on the 4 HRLY Phoeix indicator (bearish div)
> RSI above 85% on the 4 HRLY
> Weekly poster is bullish with MACD crossing over signal
> BTC dominance is dropping, ALT season is still going
Thoughts:
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> ADA has one impressive bullish posture
> Over 20% gain, one would expect some small consolidation\pullback (ranging from before the next leg up in sync with BTC
> Waiting for another leg up and hence trying to time my entrance based on current support, reversal signal (1 hrly or 2) with a bullish candle and formation
fyi, took 60% of the table.
> For now, I see the 1 to 4 hrly losing momentum, not meaning a drop, but sideways movement.
Please give me a like or tick for this post
Regards,
S.Sari
Weekly chart > Note, 50 EMA held support and approaching 100 EMA as resistance. Phoeix has upward pressure as well.
1st Target 0.075 and 2nd Target $0.10
PREVIOUS POST >
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ADA (Prj.2019.P01.E01).Not low enoughI'm a fan of ADA and as a project I feel it has large potential. The company structure, vision and openness give me trust that they are a professional team. Hence why I'm looking long term.
As all projects are speculative, some priced more than they should be, ADA might be one of those under-priced in the near future.
I might, if the price is right, use some of my BTC to buy cheap ADA. What price is that, near bottom where its heading.
Observation:
On the Daily, it still a bearish down trend and the squeeze is coming towards the bottom for what could be a potential up break, but not anytime soon.
The pattern is bearish, the trend is bearish.
The RSI is operating in the bearish region and the Stochastic RSI is indicating a move to the downside.
Daily 21 EMA still acting resistance. Until this is broken, don't consider a reversal is near.
a possible 158% gain on ADABTC in the next few days (8-15 days)A possible 158% gain on ADABTC in the next few days (8-15 days). If and only if ada follow the same trend as XRP and Navcoin
Cardona (ADA) UpdateHere is what I'm seeing for ADA Cardona leading up to their roadmap update in the next few days.
