LONG Cardano at major support with massive RSI divergence Short term reversal for ADA at $1 support, big divergence on the RSI. I don't think it will be a full on reversal due to the market downward movement. Could be a good trade opportunity.
ADAUSD.P trade ideas
░▒⚡░ ADA | LONG-1HR ░⚡▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello, Cryptik.
CRYPTIK: I am posting another ADA Long Setup to out tradingview.com profile.
EVE: What is your setup?
CRYPTIK: It's a 17/1 Risk/Reward Ratio with a 11.44% from $0.4053 to $0.4517
EVE: That sounds like a good setup.
CRYPTIK: Yes, it looks good to me. Let me show you a couple of barriers to overcome before this happens. Take a look at the screenshot here: We have this Pink Trend Line (as indicated by Pink Arrow) that was previous support and now resistance. We have tested it a few times already but have not surpassed it. At the same time we have not seen a hard rejection (yet). In addition to this trend line you can see that we also have the Fibbonaci Pivot Point Resistance (R1) which is overlapping around the same area.
EVE: That is a lot of resistance.
CRYPTIK: Yes, this is why I have virtually zero loss territory and stop. So if we start to go the other direction then I will close or let this trade stop out. It's a little bit of a premature call, however I see the long happening and there are contributing factors for the long.
EVE: That makes sense. I'm curious to see how this trade turns out.
CRYPTIK: Me too. Let's see. Anything to say to out friends/followers before we go?
EVE: Just that I'm following Cryptik's setup and I'm looking forward to seeing how it plays out.
CRYPTIK: :) I will be posting updates for the positive contributing factors that drove me to place this trade. Also I would like to tell everyone that Eve and I are working on a post called "HOW TO TURN $15K INTO $1.5M WITH BTC" So keep an eye out for it!
EVE: Sounds good! I'm excited to see how this trade turns out.
CRYPTIK: :) Thanks Eve. Peace Out Girl Scout.
EVE: haha,Peace out!
Cardano : repeating bear market shape UPDATE Cardano : repeating bear market shape UPDATE
just an update to the last idea (attached), things have become a bit clearer, adjusted the fractal to suit. only thing that is unclear with that idea is whether we get one more fake bounce for a bit or not..
its obviously following the last macro bear moves. question is does it diverge, and when? if it does stop following this i'd expect it to around this price point pivot.
gl
Cardano (ADA): back on the trackThere was no clear reason why investors were heavily moving out from ADA two weeks ago. During this time ADA reached a new historically lowest level at $0.33, while moving in a strongly oversold market. Previous week changed significantly market sentiment, which allowed ADA to be back on the track. The coin managed to make a significant move from $0.35 up to $0.45. The confidence was initially lost, but it swiftly managed to come back.
Significant move in the price pushed the RSI indicator from the oversold market back to the level of 58. The market is currently eyeing the overbought side. Moving averages of 50 and 200 days did not change their path at all and continue to move as two parallel lines with clear downtrend.
ADA just went through significant recovery. The level of $0.45 was significant for ADA as the coin spent a lot of time around it in the past months. It could be expected that the market will continue to test this resistance line in the coming days. There is some potential for this level to be broken to the upside, but it would require strong buying placements on the market. On the opposite side, a short term support line at $0.40 might be tested for one more time.
ADAUSDT - daily/weekly big picture viewADAUSD could be at the end of the first 5-wave corrective move (Wave A on weekly)
Because of those 5 wave impulsive pattern, the chances are high, that we are now forming a Wave B on weekly and therefore I am expecting a Wave C with new lows and a new 5-wave impulsiv wave.
- How to validate:
If the new wave, which should be Wave B is not a 3-wave pattern, but a 5-wave pattern(impulsiv) this would give me confluence, that we are not longer in the corrective move, and we could form a new Wave-1 and therefore, I would not expect new lows.
ADA falling wedge?ADA could be printing a nice falling wedge reversal pattern here and is also sat on a nice pot of support
If the falling wedge plays out we could be looking at around 44% to TARGET 1 and if that breaks a 91% to TARGET 2
ADA found support on DailyADA saw a bounce from its daily level of 0.33
But it is now reaching its past support area of 0.41
What was once support may now act as resistance
ADA Update 50C Incoming?
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No frills, no bullshit! Just a quick update on the BTC & DXY Chart!
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DYOR - Not financial advice, just for education!
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$ADAIf we're going by Elliot Wave theory then the 3rd leg would get us to .47 But I see heavy resistance level at .55
November will be interesting! NFA/DYOR
░▒⚡░ ADA | LONG-6HR | iv ░⚡▒░CRYPTOCAP:ADA
A little bit premature on the ADA LONG | iii, however it merely spiked to the down. We are now at a pivotal turning point for a large(ish) long run to around $0.39.
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello.
CRYPTIK: Eve, I am posting yet another ADA long on our tradingview.com profile.
EVE: What is the entry?
CRYPTIK: $0.3563, we should see a 13% run up to $0.39 - 0.40
EVE: That sounds like a good idea. I will have to check it out.
CRYPTIK: Sure. I will send you a screenshot. So what is your advice to our friends/followers for this bear market we are currently in?
EVE: My advice would be to stay patient and disciplined during this bear market. It can be tempting to sell off your assets during a downturn, but if you believe in the long-term potential of the asset, it may be worth holding onto it. Of course, this is a personal decision and you should always consult with a financial advisor to get tailored advice.
CRYPTIK: Great advice. I saw @TradingView posted something saying "Everyone is a genius during a Bull Market."
EVE: Yes, that's very true. A lot of people feel like they missed the boat when the market is going up and they try to chase it. But often times, that can lead to buying at the top and then selling at the bottom. So it's important to be mindful of that.
CRYPTIK: Yes. I would always look at market sentiment. Fear/Greed Index is always a good indicator. That and the old school (not so often monitored) Depth Chart and Order Book. These are a good way to get a pulse on the market. Studying these a person can train themselves to notice signals that can indicate market changes down to the minute.
EVE: Absolutely. Those are all great indicators to pay attention to. And like you said, it's important to be patient and disciplined when trading in a bear market. Thanks for the advice!
CRYPTIK: Thank you Eve. Anything to say before we go?
EVE: No, that's all for now. Thanks for the chat!
CRYPTIK: Any trading jokes?
EVE: Why did the chicken cross the road?
To get to the other side! (of the bear market)
CRYPTIK: lol, okay thanks. Peace Out Girl Scout.
EVE:Peace out!
CARDANO HELLO GUYS THIS MY IDEA 💡ABOUT ADAUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Going Long on ADAUSDDow's theory with Candle stick patterns
Following the bullish trend, with bullish candle stick patterns.
Will ADA SEE 20C?Falling Wedge Pattern
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No frills, no bullshit! Just a quick update on the ADA Chart!
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DYOR - Not financial advice, just for education!
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Cardano (ADA): heavily oversoldFor a second week in a row, the RSI indicator is moving below levels of 30, which is an indication that ADA is heavily oversold. In addition, the coin reached a new historically lowest level, by dropping down to the $0.33 level. But, in every situation, there is also a positive side. When investors decide finally to come back on financial markets, with strong buy signals, ADA could be a good bargain. Another positive side is that buying orders started to prevail on the market as of the end of the week, bringing the price of ADA modestly above historically minimum level. At the same time moving averages of 50 and 200 days are not providing much useful information for technical analysis, considering that they are still moving as two parallel lines with clear downtrend.
When the RSI indicator reaches a clear oversold side, in technical analysis it is always a sign that short term reversal is coming. However, currently it should be taken into account that there are generally significantly decreased volumes of trades on the crypto market, which might impact that the short reversal for ADA is postponed, as we have seen during the last two weeks. Certainly, some short movements to the upside might be expected in the coming period, but it could not be a significant one. At least ADA should test $0.35 short term resistance to the upside.
░▒⚡░ ADA | LONG-3HR | iii ░⚡▒░CRYPTOCAP:ADA
Another attempt at this long. Let's see if the third time is a charm.
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: I am posting another ADA long to our tradingview.com profile.
EVE: Is that so?
CRYPTIK: Yes and we're taking a position also.
EVE: Why are you buying more ADA?
CRYPTIK: We should see a 26% return for this long and 50%+ if we sell/reposition.
EVE: What do you think about the long-term prospects of ADA?
CRYPTIK: I see us headed back to the high 20 cent range after this oscillation to the up.
EVE: When do you think that will happen?
CRYPTIK: Late Nov. early Dec.
EVE: Thank you for your analysis, Cryptik.
CRYPTIK: Anything to say to our followers/friends before we go?
EVE: Please continue to support us and we will continue to produce quality content for all of you. Thank you.
CRYPTIK: How's Gordon?
EVE: Very well, thank you.
CRYPTIK: Is he still our sidekick?
EVE: Yes, Gordon is still our sidekick. He's been a great help to us and we appreciate all his support.
CRYPTIK: OK. Peace Out Girl Scout.
EVE: Thank you, Cryptik.
ADA, time to buy??Almost everything is clear in the curve. The blue line represents the first scenario, while the red color represents the second scenario. For the first scenario, it may rebound to the price of 17 cents from any region, whether from 40 cents, 44 cents, or even 57 cents, In case we get there
ADA SHORT, macro triangle breakout incommingADA is showing strong bear bias for a potential macro triangle breakdown to 0.16-0.30 range.
Await confirmation for late entry, but for now the bias is bearish. Flip if needed.
Cardano could to carry down the price to $0.22 centsIn this weekly analysis, we see another and possible crash of -42% in the price. And now, Cardano break down this descending triangle and we can to expect a pull back and then, entry in the short position following the projection.
Also, for your recommendation don't buy Cardano in this end of tis bear market, starting to buy Bitcoin and hold Bitcoin or use part of them to make trading in the financial market. A good strategy it's using Cardano dominance and check out Cardano/Bitcoin correlation, for you, Cardano still bearish in this correlation in front of Bitcoin value.
So guys, that it's all information that I can to bring you and be prepared for this crash!!!
ADAUSD Breaking Through the 21 period?The last time ADAUSD broke through the 21-period EMA was Sunday, October 9. If we get a close above this EMA, I believe that in itself is a good buy signal. What do you guys think? I respect all queries. Just give me your opinion so we can work together to figure out the next move. I do believe we have a great long opportunity at the moment, what do you all think, Cryptoverse? I believe that trendline is BADASS, let's watch and see what price says.
