King Cardano 2.23.21Cardano still continuing to show massive strength in a volatile and battered market. not many are holding. This is one of the reasons i had moved a large portion into Cardano earlier in the week. Its stable for now and yes that may change and i may change my allocation but for now its 70 percent cardano 30 percent Kusama. I'm not including any long term holdings this is simply my trading account. some consolidation is expected but overall pay atention to the bitcoin pairing chart. Its clear that Cardano is going to surpass Binance, Ethereum and maybe even Bitcoin at some point in the next cycle. Jp.....or ami I? :p
The fundamentals are just too strong with Cardano to simply label it "vaporware" like the Tezos tribal member try to pass it off as.
Testing resistance as support may come down to the next prior resistance if this support fails. long term Cardano is going to continue to overperform until the chart says otherwise and it has alot of room to grow vs bitty.
ADABTC trade ideas
ADABTC long setupMarket has made a nice daily impulse followed by a correction to test broken daily resistance as new support, now on the 4hr timeframe market has made a new higher high we are entering a long on the retest of previous 4hr resistance turned support, target to form a new higher high from daily perspective.
Consolidation or move higher? use SLYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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ADA Rising Channel Pattern Price Target 02/21/21After the candlesticks pushed through the symmetrical triangle support lines, I found a rising channel.
Its price target can be around the 0.00002400 area which still falls in between my price range in case of the bullish scenario. For the break to the downside, we can fall down to the 0.00001840 range. We will just have to wait and see.
I am open for feedback, suggestions and advice. Thanks!
ADA - Will it Bounce?Interesting opportunity on ADA/BTC here. Recently ADA had a break out of the bull pennant but came back to find the previous resistance as support. It is also hovering right over the 1750 fib level, seemingly holding that zone. I would accumulate here in case ADA happens to bounce, as indicators are looking good right now.
Entry: 1700-1750 sats
Stop Loss: 1650 sats
Targets: 1900, 2000, 2100 sats
Cardano (ADA) Goes Straight Up (Follow Up)This is a follow up to the chart shared 12-Jan.
Only 5 days later and we go straight up!
MA200 has now been conquered and there is room for additional growth.
Here is the previous chart:
With major barriers now taken out, we could easily see ADABTC move much higher.
The next target is marked on the chart.
Namaste.
ADA try to flip strong resistance to supportADA / BTC
This is the third week bulls try to push price above strong resistance with the BTC pair
The resistance since 2018... flipping it to support will make ADA extremely Bullish toward 0.00004 area as first target
Ofcourse there is high chance of success Specially if the btc dominance drop next few days - weeks
Until that we just watch
Lets see your opinion below !