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ADABTC trade ideas

$ADA - Outlook and live market update!Hello Traders, We are seeing some pretty good signs of how ADA should perform over the next coming weeks. Short term, I expect a consolidation/ accumulation phase (1-3 Days) Mid Term, consistent uptrend, and market cap growth. (2-4 weeks) Long term, a strong push to all-time highs and price discovery to finish the bull run. (est. June - Sept.) Charts below, 15-min: MFI in Buy Zone & RSI is trending up. 1-Hr: RSI & MFI in the oversold zone/ buy zone. 4-HR: 50/100 EMA wicked and bounced up(this has been a pretty consistent buy signal and reverse to the upside). Good luck!
Long
by MarkStPeter
ADA: $275 BIL. MARKET CAP---HERE WE COME!Hello Traders, Alright, there been a total of three new exchange listing for ADA this week. We have a lot of reasons to be excited about Cardano and the path it's headed down. I don't personally think the stimulus bill will play that big of an effect on ADA, definitely not enough to lead us to the $275 Bil market cap but it can't hurt. No, I think we will see a huge push to the $8+ range once, it's officially added to some of these larger company portfolios and institutional investors. Greyscale seems to be the leader for institutional funds in the crypto world for adding Altcoins to their portfolio, unlike MicroStrategy. Over the next 6-12 months, I think it is highly possible that we see Cardanos market cap break above the $100 Bil. range and then a slower creep up to the $200 Bil. and so on. Technicals are showing an inverse Head and Shoulder Pattern and a cup and handle pattern on the monthly chart. Mix this with very strong fundamentals and we have a great recipe for short-mid term success. Good luck!
Long
by MarkStPeter
2
Ada, long term long?Not just a pump, it looks like a long-term channel is forming on ADA. We're just post-pump, so this isn't necessarily the best entry point. Wait for a touch, or cross in then out on the RSI oversold, or a touch or a break out of the channel lower wall. The green line is a possibility, not an accurate description of the future. I'd expect mainly movement within the channel, but I have no idea exactly how it'll move. More importantly, I know nothing. Don't use my trading advice!
Long
by ben-d
Cardano (ADA) Bounces Off EMA50, Looks Good!Cardano (ADABTC) is showing a very strong bounce after hitting EMA50, the retrace might be over. Notice the low volume as the prices drop and the increase in volume as prices bounce back up. The green volume bars are much bigger, the bulls are still around. The MACD went below zero and is now starting to curve up. The RSI already moved back above 50 and is now looking strong. ADABTC can resume growing here, the next target is marked on the chart. Note: Moving and close below EMA10 daily would lower the bullish strength we are currently seeing on this chart. Thanks a lot for reading. Namaste.
by AlanSantana
13
Is ADA dead? - 4H chartADA recently had a huge pump, and has since dribbled down on a solid dump without a pullback over the two or three weeks since the peak. Price is now approaching a strong Daily Level Equilibrium, which lines up beautifully with the 50 Fib of the Higher timeframe move Below this we have two Daily Demand zones, the lower lining up with the 61.8. The trendline formed on the daily closes is also rising up to meet price, and if we continue down, should meet price at the same time it reaches the first demand zone. CCI is showing Bullish Divergence on the 4H Therefore, There's a high probability of ADA continuing down to find support at one of the zones, and then bouncing. I've staggered orders to catch this bounce, with a SL below the lower demand zone.
by rmugavin
Support areaHi everyone, I hope you are doing well. After this short consolidation we can see that we have reach a very big support on the ADA/BTC pair. This area is a part of the previous resistance from April 2019 and was also a support in various occasions in 2018. The 4 hrs oversold as the 6 hrs and almost the 12 hrs are confirming the bias that we will hold this strategic position. In case we don't hold it, we should see a test of the EMA 200 at the daily (arround 1200 sats) and a clear weekly consolidation. This would be short term bearish for ADA/BTC and very unlikely if we consider the investors sentiments, the fundamentals and the positives news coming during the next months. Anyway the market could be affected by bitcoin going down as a Black Swan event. Daily Weekly In case our bullish bias is validated we will probably see a green hammer on the daily today and forming a good output for the week-end in general. I expect a close between 1945 and 1970 sats placing the trend over the EMA 12 at the 3D (I don't have the image sorry) to perfectly create the conditions to start a bounce and the rejection of the bear cross of the EMA 12 under the EMA 26 at the daily. Nevertheless we need to be careful with the 3D that is still in a zone that could trigger a weekly consolidation heading for 1630 sats. Everything let us believe that April would be very bullish for Cardano with a potential bull cross on the monthly. Monthly About the resistances we can see a dynamic resistance (in red) that give us information to when to consider a possible test of the historical resistance at 4190, one of the last major stone before thinking to see ATH. More information will be available once we break our local high at 3200 sats and the dynamic resistance. In case we hit 4190 sats very fast, we should expect a correction between 40% and 55% to cool off the monthly and weekly rsi.
Long
by khundar
ADABTC Short William Alligator : the crypto is in a bearish position because the candlesticks are under the Teeth, Lips and Jaw. MACD : the line is under the signal line, this is a bearish confirmation. Moreover, the red vertical bars indicate that the price is decreasing. Candlestick patterns : there is a bullish engulfing which is a bullish confirmation. Overall : it can be interesting to take a sell position on this crypto because all the indicators indicate that the price is decreasing and will continue like that. Better taking a short-term position because there is a bullish engulfing. Entry price is lower than the current price for assurance and stop loss is set at -5%.
Short
by lena_vf