💡Don't miss the great buy opportunity in ADABTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Cardano/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.00000990
TP2= @ 0.00001150
TP3= @ 0.00001290
TP4= @ 0.00001590
TP5= @ 0.00001847
TP6= @ 0.00002290
SL= Break below S2
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ADABTC trade ideas
💡Don't miss the great buy opportunity in ADABTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.00000990
TP2= @ 0.00001150
TP3= @ 0.00001290
TP4= @ 0.00001590
TP5= @ 0.00001847
TP6= @ 0.00002290
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ADABTC: Let's Have a Look to See If ADABTC "concurs" with ADAUSDHi Everyone! Simply having a look at ADABTC to see if it concurs we have the potential for reversal to sustained upward pressure. Higher time frames (higher than 6-Day) are nearly bottomed out and appear to be on the verge of EXHAUSTION and turning back up to the upside. Which is why I chose the 5-Day time frame to see if I can get a clue of HOW CLOSE we may be on the verge of reversal to upward pressure. I also had a look at the Short Term Group of time frames to see if they are showing signs of being on the verge of reversal to upward pressure by looking to see if the Green is higher than the Energy. This publication is labeled a "LONG" opinion for the Near to Mid Term.
Cardano (ADA) Looking To Grow vs BitcoinCardano (ADABTC) has been dropping since it peaked back in July 2020.
Last week we ended with a Doji and a higher low compared to Jan. 2020.
This can be the beginning of a change of trend.
If this higher low holds, marked with a vertical grey line, we will see a higher high on the next bullish move.
This can lead to double the current price or even higher... You can find more details on the chart.
Namaste.
On supportHello everyone,
ADA/BTC as been struggling lately by the moves of btc. The weekly rsi at btc is almost at 94% giving clear signals of a possible correction next week.
We are currently on the big support from the start or the rally for ada since January and looking to closes the weekly over the dynamic support at 553 sats (I expect Sunday to be good for alts after a rejection from the resistance at the dominance arround 73%). If the support holds, we may expect a bounce to the area of 1450 / 1300 sats in the next 3 weeks. At the current value of btc we should expect a target of 0.46$ / 0.40$ USDT just a little over the resistance at 0.388$ USDT.
Now we need to know if the dynamic resistance (in green) will create a symetrical triangle or just act as a dynamic resistance.
In case of a symetrical triangle the target would be 7500 sats with a possible breakout arround November 2021. I don't think we are playing with a symetrical triangle because of fundamentals playing arround, like Goguen in the next months or the effect of an altseason.
Be safe!
ADA/BTC forming a clear falling wedge and bullish divergenceFundamentals and price action are aligned. Around the months of March/April full decentralization and smart contracts will be achieved. The DeFi ecosystem is prone to flourish due to a high expectation, which will translate in more supply locked into contracts and greater demand. This is what the market is specting from Cardano, lets see if they can deliver on time, TA shows that is very likely.