ADAEUR trade ideas
ADAEUR - Nearing another wedge breakoutThis is not financial advice, I am merely practicing my technical analysis, please let me know if I have said anything wrong and where I could improve.
Due to the uptrend signal not having been met in my last idea, I have switched to a broader perspective of the price action. We currently find ourselves in a tightening wedge and the price will most likely continue oscillating between 1,00 and 1,10 euros. Once we have a breakout of this new wedge, after a successful retest and breakout of 1.13 euros, we can see the price action moving up to at least 1,27 euros, possibly 1,33 in the longer term.
Although the stochastic lines have crossed, they did not do so in the oversold zone and so we will not consider it yet.
The MACD lines, after a long period of consolidation have started to cross depending on the closing price of today, so we will keep a watch on it as it may confirm the long term bullish trend.
ADA | Are we going down again?Hey Guys,
today we gonna look at Cardano aka ADA
the market has started a bearish sequence from the last high and could possibly turn again at the indicated correction level. To run up the general correction level of the market and allow higher prices in the future
let me know in the comments what you think of this
ADAEUR - Nearing wedge breakoutThis is not financial advice, this is a way for me to practice expressing my thoughts as well as my technical analysis .
In the short term we have a tightening wedge and signs are pointing towards an upwards breakout due to nearing the bottom support of the longterm uptrending channel.
To be safe, we will wait for a retest of the support after the breakout and only after another upwards movement will we enter the long position.
For the time being, I assume it will only rise to about the 2.414 fibonacci resistance, however it's very possible it could go even higher.
These arrows and paths are only my guesses of what the price action may look like, so ignore at what exact time they are placed.
Please let me know if I said something wrong and what I can improve.
It was 2 perfect SELL the cardano news eventsHI
It was 2 perfect sell cardano news events and it bounced from 1.2 euros.
Now psichological support level is 1 euro for sure, as we see most people did buy limits there
Next level where I will sell my part of cardano is 1.4 euros. As we can see price each time bull 20 cents more than preiviouse high
and it highly possible next strong resistant will be at 1.4 euro, where I will sell my part of ada coins and will back to 1.2 euro level Where I will buy again.
I think in the next bull, 1.2 euro level will be crushed.
if ADA will go above 1.4. then will looking to sell another part of ada at 1.6 euro.
red zones is where price goes up 20 cents. ADA price moving in 20 cents range before it goes to next high, so it is good time to sell highs and buy lows
Important to understand selling ada is not trying to catch perfect price, because you must to have own highs.
As I mentioned in my previous idea, ada probably will do big down spike before the up trend will begin.
Tadas
Nostradamus 101: ADA/EUR 5 weeks aheadThe crypto markets have overheated since late 2017, and they are still overheated, as we the retail investors battle to compel others to see the intrinsic value, which is nothing more than hope for a better tomorrow.
With the same logic we should just get back to fiat and get it over with. Until there is a concise understanding of derived value, we will continue to see volatility.
Till then, expect the market as a whole to correct. Watch out for BTC, it will set the trend for the correction. In the short-term, short, in the long-term long. Enjoy brothers. Peace.
ADA! Holding and gaining!As I’m really better with providing you all delicious recipes, I hereby publish my first chart. Don’t laugh please..😂
Today for bulls it’s not a lovely day but there still are some alts still stable and still in profit. Like ADA and ofcourse my btc. Please be patient everybody..everything will be allright...patience...