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ADABTC trade ideas

Hope for ADA against BTC!!?We are still anticipating Cardanos move against BTC, we have been moving super flat over the last month or so along the 1 FIB level and we are yet to see any sign of any move in either direction, we had a couple days with nice green candles but other than that nothing. Now we have 2 scenarios in my opinion, im leaning on the bullish one where we have strong moves to the upside, due to the fact that BTC dominance looks very bearish and i beleive altseason is coming. The other scenario that could play out is the very bearish one which would be a huge fall i personally think, we have a huge gap below this support line we are currently on, it is shown by the red shaded "danger zone", we have absolutely no support in this gap, we have very light support at the first green line, it is faded because its not very strong. we may possibly have another level of support slightly above that but i wouldn't even count it as support due to there only being 2 candle touches. We have strong support about 22% downwards, most likely support that holds, the other issue if Cardano fell below into this danger zone and all the way down to our strong support is, we would almost be erasing all of the progress we have gained against BTC, not all of it but a significant portion. Now follow along and as i go through the indicators we will be looking at the bullish scenario, the opposite would be true for the bearish. So the bollinger bands one of the indicators that is giving me the most hope, we are in a massive accumulation zone and since we have been following this for some time the bands have squeezed down on price action and a ton more than it has on other coins, and everytime this happens it is only a matter of time before we have a super explosive move, the thing is we don't see what direction that might be. The RSI has been travelling along in the confirmed downtrend area, but we are actually seeing a ascending channel, we rejected off of the top recently and now coming to the downside but the positive thing is that we could see this lead us back up into the uptrend zone above the midline! Now the ADX, we are slowly but surely coming downwards on a clear downtrend but the positive here is that we are approaching support at 16.2 and we could very possibly getting a bounce and we could be looking at a reversal, this would be key for ADA, both a reversal here and a reentry of the uptrend zone on the RSI would likely give us that bullish boost we need to get back up and running, Keep in mind too if BTC dominance continues falling that would also help a lot! Not financial advice just my opinion!
by JacobR905
Cardano Ready to take off ✅✅✅What we see on this crypto pair ADABTC is clear and obviously nice pair for our watchlist, we were following this pair for a while so far, for now our group is ready for nice LONG position. Just keep it in your mind with proper RISK MANAGEMENT . MultiTF Analysis Top down analysis as you see on the different TF, 1W 1D 8H 4H. all areas determined perfectly in higher timeframe and in lower time frame we getting more bullish confirmations, for the last confirmation we waiting 10MA to cross 20MA. but everything else is perfect for this pair to open BUY position. Dont forget any question comment me bellow @FxShzd BEST OF LUCK Everyone
Long
by FxShzd
ADA/BTC daily analysiswell, I personally don't like crypto that much, but ADA is looking spicy. as you can see we made a bottom and its has proved that ADA is not willing to go down any more. we have an important resistance zone ( red zone ) in front of us and if we make a breakout, we are probably going for a bull rally. I have marked main resistance zones with red lines, you can use them as TP. this also applies to ADA/USDT, but I'd like to see coins in their BTC pair because it might give us a chance to prevent market crashes. Good luck and have great trades also check out my other analyzes and if you got any ideas, comment below.
Long
by Algo_Analyst
ADA/USD potential move to the upside ADA looks like it could be primed for a move to the upside after 2 months of consolidation. ADA has been moving sideways for quite some time now while many other layer 1 blockchain solutions like DOT, AVAX, LUNA and SOL are making big moves. It could be ADA's time to make its next move higher. There is RSI hidden bullish divergence forming on the 12hr and 1D, so keep an eye out for a break of the trend line to the upside. It is currently forming a large flag pattern for which I would be setting alerts if the current tend line is broken to upside. October 27th was significant because it took out recent swing low on September 21st which would have taken out a load of stops. There is support in this region of $1.85-$1.95 region. Also since the move up in July, the current retracement hit exactly 0.618 Fibonacci. What is furthermore interesting is the ADA/BTC chart which is currently sitting at both strong weekly AND monthly support. You can see we have had strong bounces from the 3000 sats area before. We have had near on 8 week of downside (except for one week) which has resulted in a sharp 50% drop since the highs in August so we could expect a reversal of some magnitude at these levels. Additionally ADA\ETH is also testing a region of weekly and monthly support from which is has frequently seen 80%-100% bounces from in the past. I have been trading crypto markets for over 4 years so If you appreciate this post and would like more please like the post and comment below. Happy trading 😎
Long
by AdamHoad
2