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ADABTC trade ideas

Light at the end of the tunnel?ADA has been held underwater due to heavy resistance from the Death Cross. However, on the 4-hr chart, price is holding above the 200 EMA for the first time in months. If this can hold, the dominos may start to fall as consecutive Daily EMA levels are broken to the upside. Now, let's take those rose-colored classes off and realize that it's also likely that price is rejected from any of these levels and we see continued downside pressure. On the bright side, we are in a Falling Wedge pattern (Bullish). Unless there some Fundamental reason the sell-off will continue (bad news, etc), I'm expecting a significant bounce once the trend resistance is broken. Consider averaging in, but be careful not to go too heavy just yet. These are just my observations and should be considered financial advice. Do your own research and reach your own conclusions before investing. Cheers, and Happy New Year! --------------------------------------------------------- I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
Long
by mercury_rising
ADABTC LONG ADA VS BTC now is situated into a falling wedge pattern which means the price is going down inside the channel but a breakout will occur soon. Lot of bullish signals you can see in my analysis: -RSI about to breakout from triangle -Stochastic crossing bull but we need a lot of more volume Target is 3161 satoshi from this channel Good luck, have a nice day guys 3D chart= Bullish divergence and MACD is about to cross upside Ada USD Same like for BTC, situating into a falling wedge which means will break UPSIDE ADAUSD sitting into major supply zone so it s a good time to place some longs
Long
by Rowhales
H&S Watch for ADABTC with Consideration of USD IndicatorsI generally don't put much weight on head and shoulder patterns, except for on real low time-frames, but this is a pair value after all. The base line is clear and the waves show strong adherence to retracement levels. So if the top of the right shoulder is reached with respect to the patterned trajectory then it would be worth checking indicators on ADAUSD to then act accordingly. Pairs seem to be more self-fulfilling by nature, IMO, and volumetrics on the USD side can be a good source of confirmation.
by SavageOh
ADA/USD & BTC: POTENTIAL Exhaustion of Supply in Couple of DaysHi Everyone! In order for us to see a CHANCE for reversal to sustained upward pressure, we need the ADABTC pair to show clear sign of EXHAUSTION of supply. We have a CHANCE for this when we have a look at the NEXT 5-Day candle; to begin in another 1-Day and 15-hours. Looks like we still have downward pressure for a bit longer until we see the next 5-Day and 4-Day candle begin in approximately 1-Day and 15-hours. If BTCUSD has another episode of downward pressure again, we can anticipate ADAUSD and ADABTC to follow suit most likely. We're not out of the woods just yet. Let's see what the NEXT 4-Day and 5-Day candles look like. We don't know what we don't know UNTIL we know it! Happy Trading and Stay Awesome!
by WyckoffMode
11
Cardano Hints At Growing vs BitcoinWe have a strong green candle today on the ADABTC pair. This candle just happen to show up at the same level which worked as resistance back in May before prices peaked. This candle is also pushing prices above EMA10 and EMA21 in just one hit. This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop. The volume has been low and the correction long. It is possible to see a reversal here, the conditions are there. The rest is for the market to decide. Namaste.
Long
by MasterAnanda
4
Cardano Coin on its strategic supportHi my friends ***************** The Cardano coin has gained significant support in its correction process after a great flight. My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days Appropriate entry points, goals and stops are marked on the chart ************************************************************************************************************************************ If you liked this idea, thank you for liking and commenting ************************************************************************ Be rich and generous **************************
Long
by EhsanMalekII
1
Ada breakoutDowntrend on D and W, 89days 26day Consolidation, oct 27-nov 22 before continuing down Daily Time Frame: Looks like price bounced off a prev s/r level around 2730 Confirmed prev. s/r @2731 (small support on may8-9. small resistance. feb26) Possible resistance spotted around 3200 Resistance confirmed @3227 with FibR Confluence @ .618 which also acted as a recent support and resistance during a Consolidation phase lasting 25 days between Oct 27 and Nov21 Recent FibR Support @ .5 (nov22) and @ .382 (Nov23) which could act as possible future resistance levels Reaction to FibR Support @ .236 and prev support @2731 (May8-9) with confluence Possible resistance spotted @.5fibR, 2815 and a Spinning Top bounce off 2731 prev. support line Confirmed with previous support (may 10) and prev resistance (Feb26) Currently below the previously proposed resistance @2815 and moving up to test, Waiting to see if it closes above @2815 4hr Time Frame: @2731 Support holds on shorter time frame. May 8-9 support invalidated. Feb 26th Resistance holds. Confluence @.236,2729. Confluence @.382,2778 with resistance @.5,2815 S/R @2874 fibR @.236 holds Inverted Hammer(s) noticed on the 4hr right above @2731 support Under-bought on the Inverted Hammer @36rsi No 4hr RSI Divergence observed Wick cross above 20EMA resistance. Currently @.382,2778 Decision: Waiting for Dclose over ps/r @2810 or 4hrclose @.5,2815 before going Long If it closes below @.382,2776 then short Notes: Hangman 8 days ago with bearish Divergence Short term trend reversal (7days) before continuing down with Macro Downward trend
Long
by satori64