ADAEUR trade ideas
New Idea on Converging LinesI've annotated the idea that maybe the pink dotted lines may indicate a couple of points of volatility in the near future. Watch this space.
ADA to EUR resistance analysisI'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
Bullish on CardanoCardano had that bounce up from 1.60 and we saw high 1.90's today i expected a small pullback and then a continuation of higher highs to follow.
Caradano to 4 euros Per coinBased on the data on the last months push and this months correction. I have placed my bets that cardano will go back to restest 1.60 and then continue its upward move back to all time high and then to newer highs.
Cardano Downtrend :(This is my prediction for ADA for the ongoing hours, seems it fails and continue the downtrend and it will fall under 1.90 Euro.
For me that's a a buy signal, but if ADA doesnt get up on its feet like other alts, then thats going to be an issue,
Smart contacts will elevate the price if successful. Will see.
Cardano is looking goodJust sharing my point of view, not giving any advice.
I have to tell you that cardano (ada) is looking very good, I'm expecting a new AH (=All time high) soon.
We can clearly identify the uptrend and @ the moment the bulls are in control, which gives me the confidence to break our current AH @ 2,50 euro.
Cardano is a company with a lot of potential, i'm expecting a next stop / resistance @ €3 (psychological level) ... but this won't be the last stop ... Ada has a lot more to give, i'm holding ada for the longterm.
ADA Short term prediction for consolidationHi again,
Second analysis regarding the ADA-EUR pair. Shortterm i expecting little downside momentum, then accumulation/consolidation after which we can continue our trend.
We had a nice run following the previous analysis. For now I took some profit at 2.50EU when we were in price discovery mode.
I think the 2,00 EUR range will be the next support where all new buy orders will take place. This little downtrend, if we break the liquidity zone around 2,19 - 2,28, will end around previous ATH (2,00 EU).
In fact 2,00EU will be the new 1,00EU.
With all updates and news in mind related to Cardano, sell orders will be limited but profit is taken. Total staked ADA is declined a little bit, but mostly from short term wallets.
Let me know what you do think.
Have a nice ride, and invest save !!
Ada after breakdown from channel, up again to test resistance?Ada broke down from the upwards channel, now it’s up again after hitting the short target. Now up again for testing the bottom of the channel again as resistance? On the 5 minute you can see a clear inverted H&S. Hope you like this idea. :)
Cardano / EuroHi People, first analysis after months of learning.
Insights in what i think is importante. Basics, but still strong indicators.
This is how i would follow the path. double bottom is set. We need to break a neckline for trend reversal.
Also 50EMA is a resistance here. When we flip 50EMA and neckline for support, ADA can continue the bullrun and probabluy continue to new All Time Highs in the EUR pair.
First Support: 1,03 EU
First Resistance: 1,25 EU
To hold: 0,84 EU
Please keep in mind that BTC is impactful on ADA price.