ADAETH
SHORT ADABTC ( Cardano ) Technical Overview and Looking Bearish#ADABTC Chart:
4 hour Chart looking Bearish and Engurfing Pattern looking.
If #ADABTC not cross 475 Satoshi then maximum chance to down leg and my Target will be 456 Satoshi and 436 Satoshi
12 hours Chart death Crossed ( bearish )
if we talk about 12 hours Chart then we are bearish in mid term.
then My Target will be 400 Satoshi.
and if break this low 397 Satoshi then my Next Target will be 300-350 Satoshi.
if upward side spike happen then 490-498 My short Bid placed.
because 503 Satoshi is Resistance and 487 Satoshi is 200 MA Resistance
ADA - Bullish Setup Against BTC, Lots of Room to Grow!I really like this setup here. The price appears to be breaking out above resistance. I think ADA could be setting up for big gains. The daily MACD shows a bullish cross over the signal line and there's bullish divergence as it bounces off support a support area. I'm entering here.
ADAUSD RSI Hidden Bullish Divergence On the weekly timeframe, Cardano (ADA) seems to be breaking out of a wedge pattern and it also has hidden bullish divergence (lower low in RSI and higher high in price). Fundamental analysis is also very solid for ADA.
If we see upward momentum in the market, a good target would be around the 1.618 fib extension from the previous wave which will set the price around the 0.16USD to 0.19USD range
This analysis is not financial advise, it's just for me too keep track of my own trading.
Good luck everyone
There is a possibility for the beginning of an uptrend in ADAETHTechnical analysis:
. Cardano/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00028200 to 0.00026900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00028200)
Ending of entry zone (0.00026900)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00030900
TP2= @ 0.00032600
TP3= @ 0.00034090
TP4= @ 0.00037000
TP5= @ 0.00039500
TP6= @ 0.00043000
TP7= @ 0.00050500
TP8= @ 0.00055000
TP9= @ 0.00071900
TP10= Free
There is a possibility for the beginning of an uptrend in ADAETHTechnical analysis:
. Cardano/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00028200 to 0.00026900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00028200)
Ending of entry zone (0.00026900)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00030900
TP2= @ 0.00032600
TP3= @ 0.00034090
TP4= @ 0.00037000
TP5= @ 0.00039500
TP6= @ 0.00043000
TP7= @ 0.00050500
TP8= @ 0.00055000
TP9= @ 0.00071900
TP10= Free
Cardano (ADA/USD) is ready for a Breakout! Here's the target:Cardano rides a powerful and well defined Bullish pattern since mid December, it's been consolidating for a while and lost a bit of pace compared with ETH and others, but the overall technical setup looks really strong at this point.
The Main resistance is around $0.10 and the projected target of a breakout sets at $0.175 using semi-log scale and a classic range projection. Short term support near $0.075 (using the ascending trendline, already with several contacts which reinforces it's strength), a few other references on the downside but the main mid-term support level sits at $0.057 and only then the Bull case can be put at risk.
The recent triangulation makes me think that a breakout is about to happen...
Strategy:
- Given the proximity of the support, the current price range below $0.10 looks like a great entry point for long positions in anticipation of an upside breakout, the risk/reward ration pays off, given the midterm target of $0.175 in case of breakout.
- Short term trading should keep the support/resistance levels in mind, but I wouldn't risk not having Cardano on my pocket.
- Anyone already holding Cardano shouldn't have reasons to be worried while the ascending channel is preserved, even if in a negative scenario there's still room on the downside to keep the bullish case untouched.
$ADA My FAV!Look at the chart, you'll understand the thing.
If you don't, you better not to be around here.
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RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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