ADABTC trade ideas
We may have found a short-term bottom for ADABTCAfter hitting resistance in the previous high, price movements in ADABTC slowed down and fizzled down below 1000 sats.
After hitting 991 sat, it bounced off only to hit 991 two more times. 3 times it bounced off of 991 sats, and the lows are gradually getting higher.
If the price can remain above the green dotted line, it may gain enough momentum to attempt another push at 1081 sat previous high.
ADA Long Entry after pullback to support1000 Sats was a key resistance level that has become support for ADA.
ADA has made large gains vs BTC over the last 2 weeks before pulling back to the 1k sats level.
Expect ADA to make further gains against BTC. It is still a long way off the ATH BTC value of 8900 BTC.
Target is 1500 BTC in the bull rally.
Cardano (ADA) Explosive Upside 2021Just looking at a long term chart analysis of Cardano's (ADA) Bitcoin pair from 2018 is pretty exciting. Currently trading at 1000 Satoshis we still have about a 700% climb before we even begin to re-test all time highs on the Bitcoin pairing. I believe it's about another 350% climb from the U.S. Dollar pairing until we re-test all time highs. With that being said there's plenty of room for growth.
If you're still looking for a strong project with sound fundamentals that still has a lot of upside, not overbought or in price discovery phase, then consider researching Cardano (ADA) to add to your portfolios or positions for this bull run.
Cardano (ADA) has one of the biggest academic research teams in cryptocurrency and it remains a 10 cryptocurrency. With the growth of entire market and more news of innovators developing on the on the Cardano (ADA) blockchain this year we can definitely expect Cardano (ADA) to inevitably re-test those 2018 all time highs this year.
If you believe in the Cardano (ADA) project then these are great times to take a position or get a nice bag together at these price levels. It is still early for Cardano (ADA).
Major Resistance Area: 1500 Satoshi
Current Support Area: 750 Satoshi
$ADA, aiming for a retest of 2020 high seems the main target$ADA
Cleared over ~1k sats that has been a strong resistance since September
UCTS showing buys across low & high timeframes (happened last May which lead to a 150%+ movement)
Volume also looking strong & aiming for a retest of 2020 high seems the main target
#ADA
ADA vs BTC could outperform anytime soon !#ADA / BTC ( Binance )
Buy Range : 0.00000585
Stop Loss : Daily close candle below 0.00000540
Target 1 : 0.00000727
- Bullish divergency in 4h chart
- BTC.D going down and probably altcoins are going to start outperform bitcoin
- Price is higher right now but a dip is possible if bitcoin crash against USDT
- Good volume spotted and probably bottom is around this area.
- Good luck
$ADABTC the most simplistic analysisAs we say in Mexico, "una imágen dice más, que mil palabras" (an image says more than a thousand words)
$ADA is a great project and in my opinion, today is highly undervalued.
Let´s see how far it goes.
Remember, this is not a financial advise....DYOR.
Stay safe....happy trades!
ADA consolidationADA has found support in the green zone we defined early december. It touched our second target around 930 sats and is now consolidation around our first resistance level.
As long as Bitcoin decides to chill, we could see ADA performing well during the next couple of weeks.
Trading above the 50 & 100 EMA with the 50 EMA coming closer to the 100 EMA. I'll be looking for the 50 EMA to cross the 100 EMA after which I'll enter a long with a target around 1200 (daily level).
$ADA/BTC 1D (Binance Spot) Falling wedge breakout & pullbackCardano broke out of that big falling wedge, this is surely a bullish pattern, fill your bag in the zone.
Also, 100EMA seems to be supporting the current price action, and fundamentals are very positive (Shelley release)!
Current Price= 0.00000831
Buy Entry= 0.00000831 - 0.00000781
Take Profit= 0.00001034 | 0.00001162 | 0.00001348
Stop Loss= 0.00000692
Risk/Reward= 1:2 | 1:3.12 | 1:4.75
Expected Profit= +28.29% | +44.17% | +67.25%
Possible Loss= -14.14%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h