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ADAETH

Cardano ADA Bearish WedgeADA' has made a big rally past month and since Dec 2018. Volume has been very good as well. But now it has reached a long term resistance together with this possible wedge. The volume picture of the wedge is okay but not great. Also the rally in the yellow zone was quite strong and not very typical for a wedge, but still does fit the picture. Knowing that if Bitcoin' breaks up above 4000/4200, this wedge will obviously not play out. So for this wedge to succeed Bitcoin's has to drop some again. Anyway, i am going to watch how this last wave plays out the coming days before i do anything. Ideally we see a breakup like the blue line, but only getting a small push above that resistance, seeing a small pullback and bounce again. Like the blue line shows, which means we should see volume dry up and resistance at that high. If we see that happen and a break of the wedge, it will very likely play out. Shorting now is not yet something i am willing to do, because i am still not sure what Bitcoin' will do, since it is still at a very dangerous spot. Previous analysis:
BINANCE:ADAUSD
by botje11
4
There is a trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound 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 46. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00031260) Ending of entry zone (0.00029360) 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= @ 0.00034090 TP2= @ 0.00036800 TP3= @ 0.00039000 TP4= @ 0.00043000 TP5= @ 0.00050500 TP6= @ 0.00054200 TP7= @ 0.00071900 TP8= Free
Long
by ForecastCity
6
Cardano (ADA) | 71%+ Potential Profits | FREE TRADING SIGNALPair: ADA/BTC Exchange: Binance Trade Duration: Medium Risk: Moderate Introduction Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers. Technical Analysis - Downtrend flipped support - Broke HTF downtrend - RSI confluence - Momentum trade - We expect our targets to be met within 1 month Our Entry Zone 0.00001115 - 0.00001254 Our Targets 1: 0.00001420 2: 0.00001666 3: 0.00001912+ Our Stop Loss: 0.00001050 Don't forget to hit that like button and give us a follow , we really appreciate it! Comment your thoughts below. And most importantly, enjoy your day! Axsonex Team ------------------------------------------ DISCLAIMER: This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
by Axsonex
7
There is a trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound 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 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00031260 to 0.00029360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00031260) Ending of entry zone (0.00029360) 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= @ 0.00034090 TP2= @ 0.00036800 TP3= @ 0.00039000 TP4= @ 0.00043000 TP5= @ 0.00050500 TP6= @ 0.00054200 TP7= @ 0.00071900 TP8= Free
Long
by ForecastCity
5
There is a trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000333 to 0.000310). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000333) Ending of entry zone (0.000310) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound 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 47. . 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 (0.00032800 to 0.00030900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00032800) Ending of entry zone (0.00030900) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00032800) Ending of entry zone (0.00030900) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00032800) Ending of entry zone (0.00030900) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound 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 50. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00034500 to 0.00032750). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00034500) Ending of entry zone (0.00032750) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound 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 50. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00034500 to 0.00032750). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00034500) Ending of entry zone (0.00032750) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00034000 to 0.00032500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00034000) Ending of entry zone (0.00032500) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity
A trading opportunity to buy in ADAETHTechnical analysis: . CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00034000 to 0.00032500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00034000) Ending of entry zone (0.00032500) 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= @ 0.00036800 TP2= @ 0.00039000 TP3= @ 0.00043000 TP4= @ 0.00050500 TP5= @ 0.00054200 TP6= @ 0.00071900 TP7= Free
Long
by ForecastCity