ADABTC trade ideas
ADA/BTC long-term analysisThis year, the ADA is one of the few coins to say they were able to perform above the BTC
I am not fully familiar with the project, so I will provide a purely technical analysis.
Analysis:
The graph shows a weekly view.
I marked the supports/resistors with green/red horizontal lines. With black resistors from the 2018 top to bottom.
Apparently, the trend against BTC has already been reversed. There is little chance that the exchange rate will fall to the middle green line. If that did happen, I think it would definitely last, because there was the most traffic so far.
What I find much more likely is that the current top green line will function as a support and it will hold.
Another interesting fact is how the price behaved on the resistors marked with a downward black line so far. In all 3 cases there was a strong stab and then he started to descend on the resistance pretty slowly. Then he broke through the resistance halfway through and descended on it further than on a prop.
I wouldn’t be surprised if this trend continued.
I marked with a red arrow an idea of him climbing up the black resistor again, then circling over it, and already descending like an inclined support. Finally, the support lasts, and again another rise can be assumed for a higher resistance zone to the horizontal line marked in red.
As I mentioned, the ADA has gone a long way, this consolidation is completely normal. The horizontal black arrows below show the times from previous ascents to falls. If the trend remains, consolidation could take 26 to 33 weeks, followed by an upward eruption. The FIBO levels indicated on the right are already starting to fetch nicely.
RSI:
Apparently there is a sloping resistance line, these are worth monitoring because they can signal a trend reversal. Unfortunately, the RSI does not affect the lines very accurately, somewhat chaotically.
Conclusion:
Just as a horizontal line functions as a resistance and a support, so oblique lines play a similar role.
Consolidation is expected in the short term, which has apparently already begun, but in the longer term it looks bullish. Remember, it's all for BTC! The analysis is based on bear market data. Data on the rise of the bull market are not yet of sufficient quality. So there may be much faster and more intense movements than I analyzed above.
The power of HYPE should never be underestimated!
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Non-financial advice. Trading in cryptocurrencies is risky and can result in losses.
Translated with Google Translator
Peace
The-Line
ADA Taking off, trade in playHi there fellow traders,
we would like to share with you this nice signal which we took on ADA/BTC
What are you trading today ?
Let us know.
Greetings team Frontrow
ADA/BTC Bollinger bands squeezingI think Ada will break to the upside coupled with the Cardano360 March edition - monthly Cardano update! Bollinger bands squeezing on the 4 hourly. Ada looking very bullish imo.
ADA/BTC (bullish retest ?)ADA / BTC
the chart against BTC is clear
Here we can see whats look like a retest to 50% fibonacci level at previous resistance level
Bounce is expected from this area
For the pair against USDT positivity start as long as ADA hold above 1.20$
Good luck
RSI divergence on point calling tops/bottomsRSI divergences on ADA/BTC are insanely accurate at predicting a reversal, better than any other indicator I've looked at. Few false negatives, and even fewer false positives.
Anyone have a favorite indicator for predicting tops/bottoms?
Cardano (ADABTC) LONGPair ADABTC
Direction Long
Entry 0.00002230
SL 0.00002150
TP1 0.00002258
TP2 0.00002282
TP3 0.00002302
TP4 0.00002326
Signal Rating 3/5
ADABTC - Head and Shoulders on the dailyIf this head and shoulders is confirmed for the ADA-BTC pair, it's going to get very very ugly, and probably very quickly. The downside is massive from the top of the head to the neckline, measured below the potential bearish break point.
The overall trend is still very bullish, but short term momentum has slowed, which could potentially lead to larger breakdowns in price action depending on what the BTCUSD pair does in the coming days. The most recent 5-7% dip in BTCUSD price weakened a lot of other crypto pairings, causing similar pullbacks market wide. If that dip turns into a longer term correction, odds start to stack up against a continuation of the bullish trend, and start leaning into bearish territory.
My plan is to remain watchful for breaks below any key levels of support, and to exit positions if that occurs, without hesitation.
ADABTCIf BTC Break Start the huge correction we will see alts follow BTC also so this is my entry price of ADA
ADABTC Possible Head and Shoulders on 1hr chart.Non confirmed h&s on 1hr chart, with price target indicated by measuring stick.
Ada pulling an april fools breakout?$ada has a bright future
could break out on april first
not financial advise
$ADA / BTC BREAK-OUT.Potential breakout 25th March. Any positive news event will certainly cause a break to the upside.
ADA perfect time for longHi traders!
ADA had broken huge accumulation(red lines).You can move to higher TF and see it
Now we see some kind of retest
Price is holding blue trend line
It was a volume candle that create a support zone and now price stopped in it (violet)
My expectation is only on bullish side!
🚀📈
ADA Head and Shoulders at ~ 1830 Satoshis Not confirmed yet, but setting up for the head and shoulders reversal.
ADABTC 70 PERCENT SHORT POTENTIALWe are seeing a really good down trend followed by a really good pattern.
ADA - Accumulation TimeADA/BTC is correcting after the recent news of the Coinbase listing. I think we still have a ways to go in terms of correction, but this presents a very good buying opportunity. I will be opening a 10x long on this trade, but as always please set a stop loss and be careful. The 1H still looks bearish, meaning we can find a better entry over 1-2 days. The 4H is also bearish but looks like it can flip in a few days given some buying momentum. Here are my plays.
Entry: 2,000 - 2,050 sats
Stop Loss: 1,950 sats
Targets: 2,200 - 2,400 - 2,600 - 2,800 sats
ADABTC, just started?!I think Cardano can continue its nice movement! It's one of the best cryptocurrency projects.
