ADA/BTC PAIR is in a decending wedgeHighlighted are 3 bullish predictions on short term price action for the ADABTC pair! A Breakout is imminent! Pay Attention to this one as the next stop could be $2.00
ADABTC trade ideas
Diamond Indicator Sig2 KUCOIN:ADABTC Trade ResultDiamond Indicator v8 - Sig2 KUCOIN:ADABTC Trade
Trading using webhooks with Cryptohopper -> www.cryptohopper.com
Position opened 03/02/2021 12:01:26 PM for 0.00002483BTC
Position closed 03/02/2021 10:48:51 PM for 0.00002551BTC
2.74% trade
** Do your own research when trading. Do not trade what you cannot afford to lose. This is for information only and represents real trading using the custom Diamond Indicator.
Potential for ADA to Outperform BTC in the Mid TermA technical analysis of the ADA BTC pair in the long term group of time frames (1W, 2W, 3W, 4W), mid term group of time frames (3D, 6D, 9D, 12D), and near term group of time frames (1D, 2D, 3D, 4D) using the Phoenix Ascending indicators and the Bad Ass Bollinger Bands , which are publicly available. Please see publications by David Ward @WykoffMode to learn more about the proper interpretation of these indicators. There is potential for BTC to outperform ADA in the near term group of time frames (1D, 2D, 3D, 4D) and for ADA to outperform BTC in the mid term group of time frames (3D, 6D, 9D, 12D). Although a higher high is possible in the 1W, lower highs are possible in the 2W, 3W, and 4W.
This is not financial advice. I am not your financial advisor. These are my opinions.
Diamond Indicator Sig2 KUCOIN:ADABTC TradeDiamond Indicator v8 - Sig2 KUCOIN:BTCBTC Trade Opened
Trading using webhooks with Cryptohopper -> www.cryptohopper.com
Position opened 03/02/2021 12:01:26 PM for 0.00002483BTC
** Do your own research when trading. Do not trade what you cannot afford to lose. This is for information only and represents real trading using the custom Diamond Indicator.
Line Graph 1 W Line Graph.
Beautiful scenery of lines finding areas of important resistance.
EMA:
25 breaking the 200 EMA
MACD:
histogram, MACD, signal growing positive.
MACD reaching its previous maximum July-August / 2020.
MACD AND SIGNAL: again on top in positive
something is cooked!!!1
Im long full
The last time this pattern broke ADA had an 83% return vs BTCADA has been on fire this year! ADA has recently broken out of a falling wedge pattern after consolidating for a short period of time vs. BTCUSD. This move will likely signal significant strength in the USD price like the last time this happened on February 18th. If resistance at 0.00003 is broken there isn't much in the way of reaching 0.00042 which is major resistance.
ADABTC found support for nowThe structure on the left made during the bullrun is acting as a support on the recent break down. Currently I am neutral on what is happening next. But if it breaks the red diagonal and manages to closes above quit a bit we might see regained upward pressure. If it fails we will stay in consolidation for a while and might see some more downward pressure... good luck everyone!
ADA reversal imminentIn my opinion I think anybody could have foreseen the Cardano run it's had the last few months. This was too easy of a pick to get emotionally attached to. You made some profits, now lock them in. A lot of people bought this for the clout and have no idea what it is used for besides profit taking (currently its best feature, so use it).
The protocol implementations aren't a big deal, and I think they are already priced in. It will be a big fat nothing burger. Best case is that nothing bad happens and the network doesn't get clogged.
You have no more good news to look forward to as an ADA fan except for the next wave of mass retail speculation in late March or April.
Wave patterns, bearish divergence on the RSI, and 4 failed breakouts at the upper trending resistance build a bearish case.
ADABTC 130% Growing PotentialTarget:0.000031
It's interesting that target of the inverted Head and Shoulder is the same as the target of the upward breaking of the triangle
The trend is your friendSo far we are doing great here. I'll be watching this closely. As long as we stay above the lower trend line we are ok. Any break below could mean a reversal and local top for now. Good luck and wish you all good profits!
Click below idea to see my previous call on the brink of breakout.
POTENTIAL cup and handle forming on ADABTC There may be a cup and handle pattern forming on the weekly chart for ADABTC. If this prediction is correct we should see a push to the upside soon. In support of this bullish bias, we are also approaching the 0.618 FIB level which sits around 880 sats. Let me know what you guys think!
THIS IS NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH
One final dip before pumpI'm not expecting ADA to break out here just yet. I think it needs to fill the consolidation pattern (ascending triangle) a little bit more.
This dip might coincide with a Bitcoin dip to 44-46k.
Just my opinion, good luck.
