will the support line hold ADA from falling?ADA is toutching the green support line, will it hold ? will see
( there should be huge potential in ADA when time comes IMHO)
ADABULLUSD trade ideas
ADA Looks PrecariousADA is retesting important resistance/support at around $0.4. For me personally it doesn't look strong, and my bias would be that it is more likely to break down from here.
However it may hold this level as support, which it needs to in order to remain bullish.
If I was holding bullish, I would be using this level as a sell signal, if it breaks down.
Cardano WXY In Primary 2Cardano (ADA) is currently in a WXY (double zig-zag) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag, expanded flat, and a zig-zag. The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and 123.6 at 0.11USD.
ADA: It is possible that the correction is over or almost overFriday's price action has a couple of very strong confluence. First the double bottom at 0.5 fib level, and second, RSI bullish divergence. EW perspective, this could be an ending diagonal to end wave 5 of C. This could also be wave 1 of 5 of C; so, we wouldn't know for sure unless we see price move above $0.57. We could see a sharp move up for ADA which could go against the general market trend where BTC and others are still correcting and should be correcting for another month or so. ADA might be the one to start the next cycle this time. We should see very bullish price action if that is the case. If price stays choppy and next week we don't see an upward momentum, then probably something else going on. We will find out in a few days.
Potential bearish drop?ADA/USD is rising towards a resistance level which is an overlap resistance level that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.4431
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 0.4700
Why we like it:
There is a pullback resistance level.
Take profit: 0.4147
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish drop?ADA/USD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.4227
Why we like it:
There is a pullback resistance level.
Stop loss: 0.4428
Why we like it:
There is an overlap resistance level which is slightly below the 50% Fibonacci retracement.
Take profit: 0.4024
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AdA to all time high coming soonADA forms head and shoulders pattern a as it did previously and explodes soon!
Cardano is at its lowest pointCardano currency is in buying condition. You can use this analysis according to your strategy.
AUTO CHART PATTERNS BY TRENDSCOPE "very useful"The community indicator and editor favorite "auto chart patterns by trendscope," is like the most convenient and intrepid practical indicator to find lines on chart without drawing in excess only to need to remove the lines all over again. Wow, this by Trendscope indicator is top shelf.
Could Cardano rise from here?ADA/USD is currently at a support level which is a pullback support and could potentially rise to our take profit.
Entry: 0.4468
Why we like it:
There is a pullback support level.
Stop loss: 0.4338
Why we like it:
There is a pullback support level which lines up with the 127.2% Fibonacci extension.
Take profit: 0.4716
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support level?ADA/USD is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit.
Entry: 0.4468
Why we like it:
There is an overlap support level.
Stop loss: 0.4338
Why we like it:
There is a pullback support level which lines up with the 88% Fibonacci retracement.
Take profit: 0.4716
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Continuing the bullish trend with a simple zigzag correctionDear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles.
As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision.
I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making.
I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points.
My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace.
I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism.
May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely,
Mr. Nobody
Previous analytical ideas
Altcoins Pre Rally- Ok here i will try to explain altcoins markets possible movements before the real bullrun.
- so i called it " Pre Rally ".
- why i always use Cardano as exemple ?
- Because Cardano is older than other altcoins projects and have liquidity.
- Why i don't use Ethereum ?
- Because ETH is stronger than regulars altcoins ( i don't consider it as altcoin )
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- what is important to look at in this chart :
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- Bottoms ( 0% Fibo )
- impulsive first extension ( 261.8% Fibo - Green Rectangles)
- retracements ( 161.8% Fibo - Red Rectangles )
- Rejections ( Red Bubbles )
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- i will post in comments some others projects and you will get it fast.
- Feel free to add your favorite project in comments and i will update the comments sections.
- Don't ask if project is too young.
- Numbers are not rally hazardous when you use Fibo the good way.
- Don't forget Trading is analyzing the past and try to get the future.
Happy Tr4Ding !
Heading into 38.2% Fibonacci resistance?ADA/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse to our take profit.
Entry: 0.4651
Why we like it:
There is an overlap resistance level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 0.4833
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.4468
Why we like it:
There is a an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Understanding Bearish and Bullish Bat Harmonic Patterns
Understanding Bearish and Bullish Bat Harmonic Patterns: A Professional Guide for Traders
In the dynamic world of trading, identifying potential reversal points is crucial for making informed decisions. Two powerful tools that professional traders often rely on are the Bearish and Bullish Bat Harmonic Patterns. These patterns, grounded in Fibonacci ratios, offer insights into market behavior and help in predicting price movements. This article delves into the intricacies of these patterns, providing a comprehensive guide for traders.
__________________The Bearish Bat Harmonic Pattern_________________________
The Bearish Bat Harmonic Pattern is a reversal pattern that indicates a potential decline in price after an upward correction. Here's how to identify and interpret this pattern:
X-A Leg: The initial move where the price falls from point X to point A.
A-B Leg: The price then retraces upwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price falls again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price rise from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for selling opportunities around point D, anticipating a downward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a short position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly above point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
_________________________The Bullish Bat Harmonic Pattern_____________________
Conversely, the Bullish Bat Harmonic Pattern signals a potential rise in price after a downward correction. Here are the steps to identify and utilize this pattern:
X-A Leg: The initial move where the price rises from point X to point A.
A-B Leg: The price then retraces downwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price rises again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price fall from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for buying opportunities around point D, anticipating an upward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a long position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly below point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
______________________Practical Application and Tips_______________________
To effectively utilize these patterns, traders should:
Use Confirmation Indicators: Always combine harmonic patterns with other technical indicators, such as RSI or MACD, to confirm potential reversal points.
Practice Patience: Wait for the pattern to fully develop and reach point D before taking action.
Risk Management: Implement strict risk management strategies, including stop-loss orders, to protect against potential false signals.
Conclusion:
The Bearish and Bullish Bat Harmonic Patterns are powerful tools in a trader's arsenal, providing a structured approach to identifying potential market reversals. By understanding and applying these patterns, traders can enhance their decision-making process and improve their trading performance. Remember, like all technical analysis tools, these patterns are most effective when used in conjunction with other indicators and sound risk management practices. Happy trading!
ADA - Cardano - The Charles ArmyADA - Cardano - The Charles Army
Been awhile. I've pivoted to more rewarding chains. Ie. SOL and its smaller shitcoin prodigies. This one will go properly eventually; but I think your looking at about a 5x from here. Things like RAY, ORCA, JOE etc will probably do better.
Might be wrong and the ADA market makers are instructed to pump this puppy like they used to. ie 100x from bottom.
If Charles pivots this ship to be more developer friendly and .. cooler then maybe it goes bananas.
This is for my old Cardano homies. keep your head up.
Potential bullish off 50% Fibonacci support?ADA/USD is falling towards a support level which is an overlap support that lines up with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.4632
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.4467
Why we like it:
There is an overlap support level.
Take profit: 0.5068
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish bounce off 38.2% Fibonacci support?ADA/USD is currently at a support level which is a pullback support that lines up with the 38.2% Fibonacci support and could potentially rise to our take profit.
Entry: 0.4642
Why we like it:
There is a pullback support which lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.4467
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.4871
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ADA/USD massive cup and handle, new ATHCardano's C&H has been forming since 2017 and is very reminiscent of that of silver (albeit ADA on much shorter timeframe).
Its handle, a parallel channel inside of an arc, just broke to the upside and as long as it stays within the handle arc, it's game on.
Target zones illustrated in the chart indicate that we should reach new ATH of about $6, or possibly $15-20.
As outlandish as it may seem, follow the arc and as long as we're in it or target zones reached, we're long.
We're also above a thick volume defined zone.
upward channel - 20 days EMA and short term black resistanceupward channel - 20 days EMA and short term black resistance line are both broken up
I am very optimistic of ADA from now ( IMHO)
Cardano: Bottom Formation? 🌱Theoretically, the current sideways movement could already be a bottom formation, meaning that the price will soon take off to the upside. However, we will only be convinced of this scenario (25% likely) if the resistance at $0.81 is breached. Primarily, we believe that there should be a setback before the low of magenta wave (ii) is placed.
