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Cardano / Bitcoin

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ADABTC trade ideas

Cardano Bullishness Like Never Before The chart does not need much explanation: there is a bullish RSI divergence, with ADA’s price holding strong against BTC each time the whole market declines against BTC. This suggests that ADA might already found the deep, similar to the vibes of 2021. The only concern is the lower volume compared to the last cycle. Fundamentally, the Chang hard fork is coming to Cardano in the coming weeks, which aligns perfectly with the anticipated long term technical analysis. The Chang hard fork will introduce on-chain governance for the community, along with capabilities such as ZK proofs on the first eUTxO model blockchain in the entire space (as far as I know). These are very exciting times for Cardano. We will see how it plays out!
Long
by aniskrim25
Cardano vs Bitcoin | Think Long-Term (500-700% Potential)Good my fellow trader and dear supporter, this is a great "think long-term" opportunity that I have ready for you. ➖ Cardano is part of us; Cardano is part of Crypto; Cardano is one of the TOP. No doubt about that. ➖ We have a bull-market approaching in a matter of months with new All-Time Highs for Bitcoin in the year 2025. ➖ We have a correction approaching for Bitcoin, a major flush, very soon... 👉 As this flush happens, many, many altcoins will grow really strong. One of these altcoins is Cardano which performed poorly in its last run. Here we are looking at ADABTC because of timing. Since Bitcoin is going down, we can use our BTC to buy altcoins and in this way protect our capital and at the same time earn profits on the way up. ✳️ Cardano vs Bitcoin Technical Analysis Long-term support has been activated and we have a massive falling wedge pattern. We like to keep it simple, there is no other way to do it. If it is too complex, it is not the best analysis in the whole Universe. The best analysis is easy to understand and produces the correct results. These simple signals are pointing toward a bullish wave next. This bullish wave can happen within weeks or maximum a few months. ➖ Patience is key. ➖ Think long-term. If there is consolidation before the major wave (think late 2019, early 2020), use the opportunity to accumulate. That's all. Thanks a lot for reading. You are appreciated... Now and always. I'll see you again. I'll see you soon. Namaste.
Long
by MasterAnanda
1
Cardano's Potential Rebound: A Strategic Buy or a Bearish Trap?Introduction: In this analysis, I aim to provide a comprehensive overview of Cardano (ADA) against Bitcoin (BTC) and its potential trading opportunities. Using technical indicators and chart patterns, I will evaluate the likelihood of a bullish reversal or further decline, offering clear profit targets and stop-loss levels to manage risk effectively. Technical Analysis: The chart of ADA/BTC highlights several critical technical aspects worth noting: 1. Historical Price Patterns and Support Levels: The price chart shows significant support levels around the 0.00000650 BTC mark. This level has previously acted as a crucial support during the market downturns of 2019 and 2020. The recent price action indicates ADA/BTC is testing this support again, suggesting a potential reversal point. 2. Volume Analysis: Volume spikes correlate with price movements, indicating strong buying interest at the current support level. The volume histogram shows increased buying activity recently, which often precedes price rebounds. 3. Technical Indicators: - Moving Averages: The fast and slow exponential moving averages are crucial. Currently, ADA/BTC is below these averages, indicating a bearish trend. However, any break above these could signal a trend reversal. - Stochastic RSI: This momentum indicator is in the oversold territory, suggesting that ADA/BTC may be due for a bullish correction. - Steve’s Hybrid Strategy: This customized indicator suggests a potential buy zone highlighted in green, correlating with historical rebound patterns. Strategy and Prediction: Considering the analysis, there are two primary scenarios to anticipate: 1. Bullish Reversal: - Entry Point: Buy ADA/BTC around the current support level (0.00000650 BTC). - Profit Targets: - Short-term: 0.00001200 BTC (a conservative target at the previous resistance level). - Long-term: 0.00004600 BTC (if the market shows strong bullish momentum). - Stop-Loss: Place a stop-loss order slightly below the recent low at 0.00000600 BTC to manage downside risk. 2. Bearish Continuation: - If ADA/BTC fails to hold the support at 0.00000650 BTC and breaks below 0.00000600 BTC, it could signal a continuation of the bearish trend. - Short Position: Consider opening a short position if the price breaks below the stop-loss level. - Target: Aim for 0.00000500 BTC, the next significant support level. Conclusion: This analysis suggests a cautiously optimistic outlook for ADA/BTC, with a well-defined strategy for both bullish and bearish scenarios. The key is to monitor the support levels and technical indicators closely, ensuring that risk is managed effectively through strategic stop-loss placement. By adhering to this plan, traders can capitalize on potential market movements while protecting their investments. In summary, the current market conditions present a compelling opportunity to buy ADA/BTC at a historically strong support level, but vigilance is required to react to any bearish signals promptly.
Long
by Skelisul
ADA outlookLook at ADABTC nearing the upwards sloping resistanceline. It immediately throws the question at you, will we bounce there or will we still see the green demand zone? Well, let's also look at ADAUSDT : it's repeating its previous cycle TO THE TEETH for now : We break downwards sloping trendline out of the bearmarket, we fall into a falling wedge we broke out of the wedge, just without the coronadump right after that we shot up, eventually creating a cup and handle after which it shot up even further. Right now, we're creating that handle. Conclusion, i'm willing to put some BTC profits into ADA and let it run for a while. Not financial advice ofc ;) Happy trading !
Long
by ShotGunJoe83
✳️ Cardano LongTerm: Will The Same Pattern Repeat? (707%-1,161%)➖ The last bullish cycle lasted 756 days from bottom to top. Total growth = 1,483% The bull-run phase within this cycle lasted 245 days. ➖ The last bearish cycle lasted 784 days from top to bottom. If the next bullish cycle were to last 756 days, similar to the 2019-2021 cycle; ADABTC would be moving bullish until mid November 2025 (17-Nov '25). This is if the same time pattern repeats. Ok, I admit it, this is entertaining. Speculating about massive bullish action. Here is the linear chart: (The main chart is using the logarithmic scale) Will Cardano produce a 700% or 1,161% wave on its next bullish phase? I don't know. What I know is that after a bear market comes a bull market and the bear market is over and done. Prepare for sustained, long-term growth. It all starts this year, 2024. Namaste.
Long
by MasterAnanda
3