ADAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has dropped below our support line and if it can not stabilize above that, we predict a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ADA-USDT
ADAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
Currently, the price has hit our support line and is fluctuating above it.
The fall is expected to be over soon and the price will be able to reach our target over time by breaking through the resistance line ahead and stabilizing above it.
If it falls below our support line again, we anticipate a further drop.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
🔥 ADA Still In A Bullish Channel: Reversal SoonADA has seen an amazing run during august, rising by almost 200% in a matter of weeks.
As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.
However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.
I'm expecting a strong reversal from this area, given that BTC will not dump much further.
Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.
Happy trading!
💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.947).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 3.150
TP2= @ 3.400
TP3= @ 3.568
TP4= @ 4.000
TP5= @ 4.248
SL= Break below S2
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.947).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 3.150
TP2= @ 3.400
TP3= @ 3.568
TP4= @ 4.000
TP5= @ 4.248
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ADAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, we intend to enter the bullish phase after the pullback to the support line and stabilization above the line, and the price can touch our target. But in case of penetration to the support line and stabilization up to the next support line, we consider.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ERGO next leg up - analysisERGO/USDT
Possible outbreak from symmetrical triangle and wondering where this might lead.
I used data point from coinmarketcal and coingecko to have a minimal price history (since feb 2021). Tradingview only has data since the listing on Kucoin.
FYI: The highest USD valuation was 22.37 on 16 december 2017. NOt the 18.18USD on 18 may 2021.
The fibonacci extensions line guide us to profitable moves upwards.
Target 1: 27.86
Target 2: 41.87
Since BTC dominance possibly fades further to 40% by september (where we expect a strong bounce), a lot of altcoins have room for growth.
ERGO is a very promising project but not 100% operational and only availible on 1 DEX (KUCOIN) (and swap protocols). Many will follow down the road.
A lot of upside on the implementation of the technology itself and the market valuation make the short term targets above not so radical.
As for timing I think no patience is required. It looks quite ready for a leg up.
Kind regards,
ThVD
ADAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is fluctuating inside an ascending triangle. We intend that if the top line of the triangle is broken and stabilized, we can enter the trade for the above goal. But if the price penetrates below the support line and stabilizes, we consider the fall to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 ADA Targets Reached: What's Next?A mere two days ago I made an analysis on ADA where I argued that the break out through the $1.5 resistance would lead to a bullish move towards $1.85.
As predicted, the $1.85 area held strong as a resistance. I'd be getting more worried if we'd push towards $2.2, because that would indicate that we'd see a much stronger correction in case we got one.
The current minor bearish reversal is fine. The market has been going straight up for almost 10 days now, so a day or 2-3 of sideways/downward movement is a good opportunity for the market to catch its breath and give other investors the opportunity to step into the market.
Main areas of reversal are the $1.63 and $1.5 support areas. I'm expecting ADA to resume the bullish move in the near future.
Happy trading!
🔥 ADA Huge Break Out: Gains AheadAround a week ago I made an analysis on ADA where I discussed potential short-term moves. 1.50 was the main area of resistance to beat, with 1.39 being a minor area of importance.
As of today, we're seeing a strong candle breaking out through the 1.5 resistance. Seeing the state of the market combined with this strong candle, I think we can expect a strong upward push in August from ADA. Next main target is 1.85.
Be aware that we might re-test the 1.5 area before moving up again.
Happy trading!
ADAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is testing its uptrend. We want the price to be supportive and to reach its target. But in case of loss of support and stabilization of the fall, we consider.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 ADA Looking Bullish: Short-Term OutlookAround two weeks ago I made an analysis on the expected movement of ADA in the near term. I argued that a break-out from the bearish triangle (blue line) was at hand and that $1.50 was in our sight.
The break out did indeed occur, boosted by regained confidence from extreme bullish price action from Bitcoin. Here and there there has been a minor dip, like the one we saw earlier today, but they have all been bought up swiftly.
Only difference is that over the last three days BTC has been red, bouncing off the 42.5k resistance. Although ADA is seeing a strong move upwards today, if BTC will resume it's bearish move ADA will surely follow.
Assuming BTC has bottomed for now, ADA will go for a re-test of the 1.39 resistance in the coming 48 hours. It's of key importance for ADA to break through this resistance fairly soon if we want to have a shot at $1.50 in the next week. After $1.50, $1.85 is the next important major milestone. I'm expecting ADA to reach this area when BTC is trading over $50k again.
Things are looking good for ADA. Happy trading!
🔥 ADA Short Term OutlookAround a week ago I made an analysis on ADA. My short term view was that we would decline towards the red area of support and see a swift recovery after that.
Current main point of interest is the blue resistance line. If this line can be broken in the coming days we might see a push upward with a mid-term target of around 1,50.
Assuming that BTC's current pump is nothing more than a fake-out after last week's conference, we can expect a bearish move towards 1.10 - 1.00 next week. In case of a bearish move I will not be looking for a buying opportunity for this coin. First I want to see how this bearish triangle will play out before entering the market. There's no guarantee that we will not go lower than $1.
Happy trading!