Cardano (ADA) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin with US Dollar pair.
Previously we caught almost 183% pump of ADA as below:
Now on a 4-hr time frame, ADA has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ADABTC trade ideas
ADA/BTC - Cardano: Super Trend◳◱ On the $ADA/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001211 | 0.00001262 | 0.00001344 and support near 0.00001129 | 0.00001098 | 0.00001016. Entering trades at 0.00001179 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Cardano
▣ Rank: 9
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Cardano is an open-source, smart-contract platform that aims to provide multiple features through layered design. Its modularization will eventually allow for network delegation, sidechains, and light client data structures. Cardano uses a version of Proof-of-Stake (PoS) called Ouroboros to secure the network and manage the block production process. The network features a native token called ADA that gives stakers a claim on new issuance in proportion to their holdings and allows users to pay for transactions.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001179 ₿
▣ 24HVol: 136.168 ₿
▣ 24H Chng: 5.93%
▣ 7-Days Chng: 3.87%
▣ 1-Month Chng: 2.89%
▣ 3-Months Chng: 36.53%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001211 | 0.00001262 | 0.00001344
◢ Support: 0.00001129 | 0.00001098 | 0.00001016
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.00
▣ Last 90D: 1.75
▣ Last 1-Y: 0.60
▣ Last 3-Y: 0.36
◲◰ Volatility :
▣ Last 30D: 0.74
▣ Last 90D: 0.88
▣ Last 1-Y: 0.69
▣ Last 3-Y: 0.96
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.96 - V. Bullish
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.73 - Bullish
▣ In-depth ADABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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ADA/BTC - CARDANO BREAK OUT WINDOW IS HERE CARDANO - CRYPTOCAP:ADA / BTC
On Nov 1st I advised the following:
✅ A breakout in the window between 20th Nov - 29th Jan (could be shortened to the 8th Jan now).
✅ Bull trend confirmation = break above 50 SMA
✅Great risk/reward with stop under diagonal support
Folks this could be the beginning of a long running upward move.
A close above the 200 DSMA is confirmed and we are on the verge of a close above the 50 week SMA with this large 20% + move that ADA made today.
If you were following me here or on TradingView you would have a position in place already that is in profit and with a tight stop under strong support protecting you against the downside. Early November I provided this chart and outlook because a window of opportunity was close.
As a long term patient play ADA is still very much an option for new entries. Pull backs to the 200 DSMA or green zone are the most ideal entries, however as we are entering into the "breakout window" and we appear to be breaking out. If you do enter, always, always, always decide on and have a defined stop/get out level and stick too it. Write it down on the chart or a notepad. Stick to it. Protect yourself.
For those in the trade since we shared, we are 40%+ in profit thanks to a little patience and good timing, and this is only the beginning of this trade. Don't let idle hands make you trigger happy, the trend might be upon us, don't pull the rug on your position as things are only starting to trend.
PUKA
ADABTCThere is a historical support area below and the price has not touched it yet, so I think it will touch it to take a beat from it and start the rise of a new motive. At that time, all the data has been explained on the chart.
Note: I am only sharing my point of view and what I see, and it may be wrong or right, so make your own analysis
Good luck
Cardano ADA/BTC Trade Opportunity ADA/BTC
Keeping it simple
▫️ 4th time ever weekly RSI was this over sold
▫️ 116 week High to Low completing 20th Nov
▫️ Breakout window 20th Nov 2023 - 29th Jan 2024
▫️ Bull trend confirmation = break above 50 week SMA
▫️ Great risk/reward here, stop under diagonal support
And then PATIENCE
ADA to start growing faster than BTCCRYPTOCAP:ADA & BITSTAMP:BTCUSD
The recent performance of ADA (Cardano) suggests it is a promising buy for investors. After a strong recovery from a support level of $0.23 on October 19, ADA experienced a significant rally, soaring by 65% to reach $0.40 by November 11. Although it's trading slightly below this peak, ADA is maintaining an upward trajectory, indicating potential for further growth. The currency seems poised to reach or even surpass its upper range near $0.42, which could represent a gain of around 16% from its current value. This pattern of recovery and growth makes ADA an attractive option for those looking to invest in the cryptocurrency market.
COINBASE:BTCUSD
Inverted head and sholdersI've put it on the 4 hour chart so you can see it clearly but still visible on the daily candles . If it breaks the neck the target is 969 SATs . I see alot of people calling for lower SATs on the ADA/BTC chart but at this point I think we may have bottomed out recently. BTC dominance looks primed to make another push higher with a target of just under 60% but as we all know not all coins play that game and I think Ada is going to be the exception to the rule in this move .
Great time to accumulate ADA long term !With Cardano ecosystem growing steadily and fundamentals in the green, I don't see any reasons that ADA could not reach it's all time high against Bitcoin one more time.
With that scenario in play, the price of ADA at the end of next bull run should finish somewhere between 6 and 12$. The final result depend of Papa BTC of course :)
If this price of ADA/BTC hold this support (and from now it looks solid) I would say it's a great opportunity to accumulate as much ADA as you can.
And if the support doesn't hold, well, it will be even crazier to buy ADA cheaper !
Happy holding to every one!
ADABTC Time to Dump Bitcoin and buy Cardano?Well based on the whole history of the pair, yes.
As you can see a giant Ascending Triangle on the 1month chart, with the price only now testing its bottom / Rising Support.
Technically, the target from now on is its top at 0.00006500.
Follow us, like the idea and leave a comment below!!
ADA/BTC Potential Harmonic PatternADA/BTC Potential Harmonic Pattern, but keep an eye on the trendline Resistance.
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