Cardano is losing its footing.ADA is under support, if a predator sees a weakness, it will try to attack.
ADABULLUSD trade ideas
ADA ; update ; looks like a full blown turdADA ; update ; looks like a full blown turd
that double bottom i was looking for fell to pieces. s and p etc looks to be wanting to at least double bottom, sweep the lows as well. they are gonna darth maul this shit while everyone is getting christmas drunk and eating too much. hard to think when your in a carb coma.
knife catching the potential capitulation wick would be sick; make sure you do it on low enough leverage that you don't get blown out when it tripple wicks on the lower time frames.
15-18c ish looks like the sweet spot if history repeats. so far its looking pretty friggin similar.
i think you will have time to buy that dip, no need to go full degen and watch this shitshow of an asset class every second.
gl to you gentleman and ladies. have a good christmas/new years with your families/friends.
Morning Update: ADA needs OMH to complete 5 waves upNot much to add with respect to ADA. We have an impulsive structure that appears to need OMH.
Best to all,
Chris
Financial Wave. ADA(Cardano)Our priority scenario in Cardano has adjusted slightly. The final wave 5 may bring the price of ADA to $0.3630. A price drop below $0.3000 will change our markup.
Cardano (ADA): a good startWhole previous year was not at all good for ADA, as the coin reached new historically lowest levels. The coin ended the previous year at level of $0.24 which is a new low for this coin. However, the start of a year was in a more positive mood, as ADA managed to revert a bit its price and erase some of the previous losses, by reaching level of $0.28, where it is ending the week.
Daily trading volumes continue to be extremely low for ADA, but on a positive side is that buying orders were dominant on the market during the first trading week in this year. In line with the spot market, RSI was pushed to the levels above 50, which indicates that the market is more oriented toward the overbought side. Moving averages of 50 and 200 days did not change their course and continue to move as two parallel lines with clear downtrend.
As per current charts there is potential for ADA to test the resistance line at $0.30, but it will occur only if there is enough market strength for such a move, considering quite low daily trading volumes. On the opposite side, the price might revert a bit down to $0.25 to test this level for one more time.
Morning Update: Crypto Goes Boom! Part 1Boy, is it nice to be awaken in the night to sound of alert beeps going off and its NOT because Crypto is going down.
After completing its initial wave 1, ADA price experienced very short and shallow wave 2. We obviously wake up this morning to a wave iii of 3 extending beyond standard Fibonacci resistance areas. Given the extension, we now expect a minor wave iv and v for our wave 3. A wave 4 and 5 should follow. If ADA remains impulsive, and continues to extend, this wave (i) on an intermediate basis should conclude in the areas of the next Fibs .359 to .393.
Best to all,
Chris
Morning Update: Sheer PerfectionADA price has successfully carved out a 5-wave pattern to the upside.
Having completed that, I now expect ADA to retrace in a wave 2 into the target box of $0.262 to as low as potentially $0.246. Upon a successful retracement and HOLD of $0.246, the next time ADA breaches $0.277 it should do so impulsively.
Things are starting to get exciting within the ADA chart folks.
Best to all,
Chris
Are we close to the bottom?...well DUH!!!Falling wedge... BULLISH ...we could have one more step down before we see bottom @ .18 cents.
This is a good area to start DCA...in my HUMBLE OPINION...good luck! Happy Trading!
ada looking good hereada in a weekly falling wedge
could see a nice move up here if we can break the downtrend
all my targets are long term
good risk to reward to start accumulating here
ADA needs to break above or it could see .06Ada needs to break above the red trend line to avoid going to .05-06 that could be the next accumulation zone. I am holding a bag as well I hope it breaks back above.
Please do your DD and not investment advice
ADA Cup and Handle pattern?Please do your own research.
Ada looks to be forming a cup and handle pattern. I know there is so much negativity right now but I like to trade the chart in front of me.
Special Update: I said I would never do thisI am begrudgingly posting this micro of ADA. Full disclosure, based on what Mr. Internet and the Google Machine says... I am now considered an ADA Shark . From what I have read anyone owning between 10,000 to 100,000 ADA is considered a shark...LOL. I currently own just south of 21,000 ADA. I am in the process of deciding to whether to build that position to 100,000 or stand put.
But when I started coverage on ADA I specifically stated I would not post micro counts. However, due to the sheer amount of DM's arguing me to track ADA more closely...I am a proponent of the good people who chose to follow me...so in many ways...I have no choice. ADA appears to have the beginnings of a bottom.
What constitutes a bottom in ADA?
I need to see an impulsive 5-wave structure that initially trades above $0.28, then trades above $.034. Only then can I begin to consider a long-term bottom in ADA has been struck. We're a ways away from that happening. But in the immediate, we're making good progress.
Best to all,
Chris
Financial Wave. ADA(Cardano)Our priority scenario in ADA is the price growth to $0.2792 in wave (i), before the growth to this target, the price may roll back in the small wave iv to $0.2601, but not lower than $0.2521. If the price drops to this level, we’ll change our view on ADA.
Happy new year ADA on 1H timelineADA(Cardano) seems to come back on the mentioned level its all clear on the chart!
Cardano (ADA): Accumulation-time ahead? 13 cents ADA would be a good risk reward ratio in my personal opinion and in line with Fib. retracement 0.168!
Is ADA nearing bear market lows?Hi guys/gals,
Tools I use:
time based fib extension
fib retracement
EMA/MA's
question marks
exclamation marks
faces
In this analysis I go through the ADA chart from the weekly chart to what we see here.
ADA took of on a massive tare to the upside around q1 of '2021 and never came back to back test. This is why we are seeing a sharp drop in price as the value could not be sustained that high for to long.
What I am seeing in my charts is that those who bought ADA prior to '2021 are now questioning their holdings and as you can see I've used faces to show what I believe to be the greed, concerned and upset/angry emotions.
We have recently fallen below the happy holders (the red zone) and they are how questioning their position, for me to see the lows to form in ADA we need to see these holders sell their bags indicating to me we have capitulated.
If price falls lower I'm expecting those questioning their bags to become upset and possibly angry selling at a loss and into the long term holders hands.
How much lower could ADA go it's hard to say but I believe it is not far possibly in a 3-6 month time range.
I could see ADA fall to between $0.20 - $0.10 in reality it could just go to $0.00 but I would not expect that to happen but its not out of the question.
As always Be smart, Invest small & preserve your hard earned capital.
Stay safe,
Crypto Leonard
P.S. This is NOT financial advice please DYOR.
Evening Update: Did ADA bottom?When I started tracking ADA I stated I would not track ADA on a micro level. I still feel the same way, but I reserve the right to change my mind. I have added an additional 10,000 to my original 10,000 and have staked all 20,000 ADA on Kracken.
This s not a position I am trading in and out of. However I will say, the long term chart looks like it's coming into trend line support but would like to see $.33 breached to start to give me confidence we have struck a long term bottom. Sorry, no micros.
Best to all,
Chris
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action.
Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash.
I hope that you enjoy to trade cryptocurrencies to short position.
Good Luck!!!
Cardnao 0.26 | Cycle of Long & Short participantsCharles confidence and spirit is fueled from gain earned at $0.002 cent to $3.0 bull cycle
and with unlimitted cash to buy back at depression prices around 0.10 to 0.03
ADAUSDTThe Cardino is expected to fall to the area specified below, to close the bearish C wave, and thus it will end three historical bearish waves that extend over the five years of correction.
ADA-USD prediction for upcoming 3 daysADA-USD prediction for upcoming 3 days (0.26$, 0.21$, 0.27$)
I used TensorFlow for this forecast.
