ADA Buy a break setup.ADAUSDT - Intraday - We look to Buy a break of 1.351 (stop at 1.301)
Daily signals are bullish.
Pivot resistance is at 1.343.
A break of bespoke resistance at 1.340, and the move higher is already underway.
We look for gains to be extended today.
Our profit targets will be 1.498 and 1.568
Resistance: 1.340 / 1.430 / 1.500
Support: 1.270 / 1.200 / 1.150
ADABTC
Don’t bet on ADA/BTC just yetADA has recovered already its loss in BTC terms from last week and it looks like it might be set to resume its upward trend. But ADA/BTC is well below its February high.
We’ve posted the following question to Hybrid Intelligence:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002279 BTC at 10:02 AM UTC at the binance exchange on Monday, April 26. In your opinion, will ADA/BTC trade above 0.00002621 BTC (+15.0%) at any time before May 15?”
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Assurance: 58%
While it's somewhat bullish, this means that Hybrid Intelligence does not have a strong conviction about ADA/BTC.
The relatively low BTC dominance of about 50% is favourable for alts yet perhaps ADA shouldn’t be the primary choice for a short-term trade.
ADA/BTC, Cardano/Bitcoin - a great potential👍Preconditions:
- price is in a range more than 1 month
- price made false breakout
- long movement near to the key level
I expect on squeezing, breakout and retest. Only after this scenario I'll open a position. Once more: only after retest.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADABTC - Cardano quietly pushing through key resistanceCardano is currently testing key resistance against BTC on the daily.. as of this publication it's above the resistance line, but there are 17 hours to go on the daily candle, so waiting to see if the bulls can keep the grind up long enough to wear down the bears on increasing volume.
There's a cup and handle pattern at play with a target of around 2750 sats (not charted, but it's pretty easy to see), as well as continuation of the symmetrical triangle breakout with a target of 2979 sats.
Some levels to watchHello everyone, I hope you're doing well
Small update for ADA.
I was expecting a correction after hitting the 2$ mark but the volatility and the equilibrium formed at Bitecoin decided to push BTC/usd to oversold territory on the daily. A similar event can be seen on ADA/USDT where we have hit 30 points at the RSI for a brief oversold instant. I don't think this is over in USDT terms, Bitcoin has a big opportunity to go oversold and play the 41000$ support, this could lead to a potential correction for ADA in the 0.70$ /0.80$ area where two big supports stands. If this will happen, it should occur during the next 5 or 6 days or if the weekly candle closes under 1.03$ looking for the support of the EMA 26 currently at 0.75$. I don't really expect this now, as maybe this kind sounds crazy, because ADA didn't went parabolic yet to see a monthly consolidation (as other coins did like Theta or ENJ).
On the short term the 4 hrs and 12 hrs are not looking great. We have at the 4 hrs for the first time since September a bear cross of the EMAS 12 and 26 under the 200 and a test of the support on the 12 hrs of the MA 200 and EMA 200 suggesting a weekly consolidation (and so a touch of the EMA 26 on the weekly). On the 12 hrs (I don't have the timeframe to show) we can also see that the next support is at 0.80$ where if it closes there we will be oversold on the RSI.
Daily ADA/USDT
Weekly ADA/USDT
4hrs ADA/USDT
But here we are concerned about ADA/BTC. Despite the bearish (shorterm) perspective of ADA/USDT. ADA/BTC is not bearish. On the daily we can see that the trend is currently holding well over the EMA 26 and trading in a triangle. This triangle has strong possibilities to break bullish due to fundamentals next week (and the weekly close, see weekly hart) or in the worst case to continue sideways following the correlation with bitcoin. This correlation is presents since the start of March. In case of a bullish breakout we can anticipate that the dynamical resistances in green will form a local top, this is the major resistances to break if we want to see 4100 sats and a possible wick to 6000 sats.
On the short term we can see that the 4 hrs is very likely anticipating a big move in the next days, I expect to see it happen Monday (26) or the next day for the break of this triangle. Meanwhile the 4hrs should hold the trend over the EMA 200, if it goes under it the likelihood for a break downward are increased. In that case 1870 sats is an important level.
ADA/BTC weekly
4Hrs ADA/BTC
Cardano (ADA) - April 23Hello?
Dear traders, nice to meet you.
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(ADAUSD 1W chart)
(1D chart)
We have to see if we can get support and climb in the 1.15577388-1.22749797 section.
If it falls from the 0.94060159 point, a Stop Loss is needed to preserve the profit and loss.
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(ADABTC 1W chart)
(1D chart)
We have to see if we can get support at the 2217 Satoshi spot and climb along the uptrend line.
If it falls, we need to make sure we get support at the 2097 Satoshi spot.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
🚀Buying opportunity in ADAUSDT🚀❗️Conduct your own due diligence.
❗️I am not a licensed qualified investment advisor. I am an amateur investor. All the ideas, & opinions are for informational, and educational purposes only.
❗️While the information provided is believed to be accurate, it may include errors or inaccuracies.
Cardano (ADA) Staging A 40%+ Breakout (Near-term)After XRP adding more than $50 Million to its market cap, ADA is set to be the next coin to make a big move.
Cardano is making higher daily closes than ever before but it really needs to pick up fundamental pace.
ADA has been consolidating for about a month, creating an ascending triangle in a bullish trend.
There is still an option to pull back to around $1.20 to take a second entry at that level as well.
Currently there's high volume at ATH area and price discovery on smaller TF.
Target:
The height of the triangle is around 60 800 pips.
Project the height of the ascending triangle as a profit target and your target is $2.10 (40%).
Retest:
On breakout without pullback, a retest to $1.20 is highly probable.
On breakout with a pullback, a retest to $1.20 is more unlikely.
ADABTC also seems to be shifting since a descending triangle is broken to the upside.
Technically Cardano looks great! But fundamentally it needs to pick up pace...
Fundamental Downside:
One major downside of Cardano is that it has remarkably less projects than any other high-cap coin out there.
Once its smart contracts are launched, there are tons and tons of projects waiting to make their entrance.
For example " Liqwid Finance ", the first protocol on Cardano for automated lending and liquidity provision.
There's also " Bondly " waiting to make its tribute as a decentralized e-commerce and marketplace platform.
Cardano's value is relatively high when compared fundamentally to other cryptocurrencies in this moment of time.
Subjectively I think it's pretty crazy how this coin is in the top 5 with such an inferior amount of projects and real-world solutions, but that's just my humble opinion. :)
There will be a bridge from Ethereums blockchain to Cardano's blockchain in the future to migrate liquidity and smart contracts called Oscam.fi
All links are meant as non-promotional.
Feel free to add anything or leave your thoughts!
ADA, Cardano - a great pattern for long💥 But....Cardano is one of the most perspective coins for a long position at that time. Price is in a range of 53 days. Entry point only after retest key level. Potential growth - 50%. But don't forget to control the situation with BTC.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADABTC - Cardano still bullish, despite crazy flash crash. ADABTC just saw a cross of the 20 day SMA above the 50 day SMA on the daily chart, despite the flash crash during yesterday's FUD bitcoin dip. This shows incredible strength in Cardano against Bitcoin, and the pattern I shared previously is still in play with a target of 2979 sats.
Cardano (ADA) Price Prediction...Long To The 2$...imRedaSouhailThe cryptocurrency ADA is, like others, can be used for direct value transfer...Furthermore, the network will soon be able to handle smart contracts...According to my price prediction, Cardano is a good long-term investment...and it may reach $2 in The next few months or more...what we should expect that Cardano will trade in the range of $1.2 and $1.5 This year (2021)...as a realistic expectation, Cardano (ADA) will keep growing and will rise as high as $1.7 - 2$ by the next few years.
Discover more about the project at; cardano.org