ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
_______________________
BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
ADABTC
ADAUSDT $36c Likely on PhoenixAscendingHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a short term overview on what we can expect for the price of Cardano for the immediate term. Technical indicator Phoenix Ascending together with Bollinger Bands point towards a potential $0.36c, as we see the RSI and EMA moving up with bullish buying momentum in the short term. IF the green EMA can cross over the 50 line, we can expect movement towards the basis of the bollinger bands, even if it is just a wick. The basis is the 20d moving average currently at $0.36.
However, currently with all the bankruptcy happening in the crypto environment, the markets do not look favorable for a new bull cycle, so I expect a resistance zone here. The next immanent support zone is around 0.22c, where there is a high demand zone and this is where I expect a bottom for ADAUSDT to be found.
Curious about what Decembers hold for Bitcoin historically? Check out this idea:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Cardano - WATCH OUT❗ Testing Support❗Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Cardano is testing a crucial support level - the same that was once the very first resistance zone. This makes it an important level to watch, because if we fall lower, the support zones are few and far apart and this could lead into another multi-month bear market. There is potential for a short setup if the price CLOSES a daily candle underneath this support zone of $39c.
Alternatively, you could continue to accumulate and dollar cost average your way down until your bags are full 💰💰
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Crypto Weekend Update Part 2This is part 2 of the Crypto Weekend Update. Check the related Ideas below to find part 1 as well as Thursdays and Fridays update. It gives good insight to the market movement.
I go over these alts in this order:
ADA, LTC, LINK, MATIC, MANA, XRP
If you want me to check any alts, leave a comment or join the stream every week day at 09:15 EST.
0:00 ADA
5:58 LTC
8:20 LINK
13:21 MATIC
15:20 MANA
16:50 MATIC
17:53 XRP
ADAUSDT - Be Ready for a PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today’s analysis, a quick look at Cardano / ADAUSDT . Like with most of the crypto markets, there has been a small relief rally / upside correction that balanced out the recently oversold RSI on most charts. By looking at our technical indicators, the upwards price action has been just enough to correct the oversold markets BUT not enough to signal a reversal. We know this, because we have not made a higher high or a clear bottom pattern. Instead, we have made a lower high, got rejected at the local resistance zone and continue to trade downwards.
It’s been my opinion that we will see our reversal during Q4, but in which one of the 3 months nobody knows. The good news, is that the end of the bearish market is near and this may be your final chance to accumulate at low prices – it’s a sale !
The good news, is that if you dollar-cost-average these last few range bound downs, you could stand a chance to make a profit of up to 200%, if you are patient enough and set your TP targets. More on dollar Cost Averaging HERE:
Also, this is what we’re looking for in a reliable bottom pattern:
Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍
_________________
Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities Hit like & Follow
We thank you for your support !
CryptoCheck
ADAUSDT - Ready For 0.66 Supply Zone🐻Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Let's take a quick look at short term and near term for Cardano / ADAUSDT . It's very clear from the chart that we are currently trading in the accumulation phase (Wyckoff Method). This means that the bottom is possibly in, or, we could make one final wick to test the lower support level. Watch this 4min video to find out more.
Related News Highlights in Crypto 👀
❗ Blackrock launches private trust, offering clients exposure to spot Bitcoin (bullish for BTC)
❗ Binance will support the Monero XMR upgrade (bullish for XMRUSDT)
❗ Ripple shows interest in acquiring assets from bankrupt Celsius Network (good fundamental case for XRPUSDT)
❗ Ethereum POS (proof of stake) merge estimated for 15 September (expect price volatility for ETH)
If you're interested in Ethereum, check out this idea :
If you're new in this space and want to learn a bit more about blockchain and DeFi, this one is for you:
__________________________
👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉
Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
ADAUSDT - Stop Hunt with Wyckoff Method📉📈Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
A quick look at Cardano / ADAUSD / ADAUSDT . I believe that we are currently in the market cycle of accumulation , according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown.
During the accumulation phase, a new cycle begins that generates a trading range. The pattern often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time. The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support.
So - What Is Stop Hunt ?
Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method.
If we take all of the above into consideration, the price of Cardano can still drop and fall within a range multiple times until a clear bottom is established and the next markup phase / bull cycle starts. In the video above, I take a look at possible bounce zones and a target for the SOS ( sign of strength, a price advance on increasing spread and relatively higher volume ). I have also highlighted the next phase of the accumulation cycle, the BU (back-up). At this point, short-term profit-taking occurs and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up (SOS) .
Here, I did an analysis on Bitcoin / BTCUSD / BTCUSDT using the Wyckoff Method:
Related news Highlights in Crypto :
📢Elon Musk claims crypto is not contributing to an environmentally sustainable future, also says that Tesla has not sold any of its Dogecoin holdings and he will be open to increase Bitcoin holdings again after recently selling 75% of Tesla's btc holdings
📢 Jed Mccaleb closes his infamous “tacostand” XRPUSDT account
📢UK Finance Minister announces that a bill for stablecoins will be introduced this week
📢Crypto exchange Bitstamp will charge inactive users a monthly fee of $10.20
📢XRP flips BUSD and becomes worlds 6th largest crypto by market cap
📢US Senator Cynthia Lummis says crypto regulation bill will only be considered in 2023
_________________
👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉
Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
BTC Ended at Target. Overview of BTC, BNB, ADA and OthersNot in BTC currently. took ~2% loss on small position at the timeframe change. I wanted to see the buy up from there to increase position, which did not happen. I am technically still in AMD call options, which could be brutal tomorrow.
I dont like this unless we can return to the start of the Week candle open. Which I feel is unlikely because of what is described below and in video.
BTC ended 4 bucks above my target of 37,910. Week buyers did not come in. The week candle is set up in a way that it is bullish when it is at its opening spot of 37,914 (bitfinex). The big issue for me here is that no other timeframe really says to buy the price up without conflicting with another timeframe. The targets are all over the place, which i think will make the movement most likely downwards and choppy. Also the other target for BTC bounce from the week perspective (bitstamp 500 hull) would be 33,600 (around there). The issue with that is on every other timeframe we are out of the channel. I just don't see a reason for people that trade on the week to want to put in any sort of amount of money to be able to push this up against every other time frame.
Also there are a bunch of alts that are in very sketchy spots for their ALT/BTC charts. The ALT/USD pair was already struggling and I think we will have a chain reaction here, sending us downwards. Support and resistance between every timeframe is arguably bad and conflicts, mixed with people cycling out of their alts into BTC and then back into USD.
I explain what I wrote in the video, but if you want to see the alts, just skip through a bit.
Main Idea Update Page:
If you want to copy the Schiff Pitchfork:
ADABTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. You can see that the price has broken our resistance line S2 and has made its correction to the support line S1. If the price stabilizes above the S1 line, you can buy it here for the shown target. If it goes below the S1 line the next support would be the S2 line where you can buy.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Cardano (ADA) Short Idea - August 19th, 2021Short idea based on a double - bottom break to form a split triple-bottom off of a failed greater than 50% move higher
New short idea with a sell stop @ 2.08, profit target @ 2.00.
It may need to drop all the way down to the 1.75 value area to print some very nice hidden bullish divergence on the daily Ichimoku chart, but we'll see.
Cardano - $ADA - Consolidating Between $1.30 and $1.45Cardano - $ADA - is getting ready for the run we've all been waiting for, but it's taking a short breather first.
===================
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
===================
ADA .. Let's go to 2 baby, come on Cardano Cardano, CARDANO!
What a nice coin to have but how many times has it either bored us to death, made us feel like we missed out on other opportunities, or even dipped to support before rising again... I know!
But we want to see the 2$ mark and we might see it now.
so//let's GO Cardano!!!
ps. my last name starts with 'ADA' so maybe I am bit emotionally attached to this project. Don't listen to me, buy something else (kidding you- go buy some ADA now fellows)
FXPROFESSOR
The markets these days - What we trade apart from ADA CardanoHi guys,
wishing you all a nice day and may the force be with you.
A lot of you have mistaken me for a 'crypto trader' which I am not.
Very simply I trade what I see is moving in a clear direction and this has been clearer on Bitcoin until last week, Alt coins like Cardano and tokens like Enjin and Coti, where our research paid huge dividends and our technical analysis guided us to nice entry points and partial take profit levels.
For this week I am attempting a short on Oil which is going well now and I wish to keep it, see if the profit can grow, where at the same time I am still awaiting a further correction on my All Time Favorite asset to buy, the almighty Nasdaq.
Thank you all for the nice words and comments. I appreciate it.
One love,
the FXPROFESSOR
ADABTC / ADAUSDT Potential Pump Incoming!Hi guys, if you like this post, please support me by clicking the like and follow buttons and by leaving a comment! Thanks!
The three majors that I believe will do well are Ethereum (ETH) , Polkadot (DOT), and Cardano (ADA). While there are smaller alts that might pump harder and quicker, they are also more risky and harder to identity. The above three alts provide probably some of the best risk reward in alts.