ADA BTC - Falling Wedge - TP 0.3410 btcDear community,
Looking at ADA Future contract (Bitmex), we can identify a falling wedge in play.
Based on Bulkowski's perfect trades, breakout "can be in any direction but is upward 68% of the time."
On top of that, risk/reward ratio is attractive with a value of 5.48.
Stop loss --> 0.2410
TP 1 --> 0.2860
TP 2 --> 0.3118
TP 3 --> 0.3410
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning.
Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
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ADAM18
Cardano on Bitmex
we are close to the support line, if we rebound we have a chance to level 2850-2900 or higher (but I recommend to observe this level) to raise, we fly further down :)
ADA/BTC Short ADAM18After taking profits on my long in the last idea, i think the chart is displaying a good entry for a short..
The POC ( RED Line ) on the volume profile is acting at a tough resistance for ada to break, i will be taking a short position here with my stop set just a touch above the poc..If we see a nice bit of selling volume the price should break down pretty fast..
My first target is shown, will adjust as needed..
Not financial Advice - DYOR..
$ada:eth riding my meme linesBITTREX:ADAETH finding itself inside the trendlines I have for it, I try not to put too much weight on the lines I make it's more for me to see the general trend / speed of trend change. ADA derivatives have the potential to provide price stablization; currently I feel they give too much incentive to short BITMEX:ADAM18
ADAM18 - Cardano ADA in continuation patternMy opinion is that we are currently in a continuation pattern, more specifically, a falling wedge.
Cardano's continued correction, offers great value. I would like to see an intraday move, to at least 50%, hovering between my Stop and my Entry point.
The likelihood of a reversal into a profitable scenario is small for today, but with supposed positive announcements to be released, we might see a slight pump.
I am of the opinion that the market (crypto) as a whole is very much in flux at present; never a good thing for alt coins, but lets see what happens.
Disclaimer - I'm a n00b. I'm here to learn and appreciate feedback and opinions. Trusting my advise is at your own peril.
ADAM18 - I should be short... or shorter?I'm fearful of what seems like a head and shoulders formation currently forming on the 30 min chart. I entered, what I deemed a good position at the time, see the purple line. I can only put this down to being a n00b!
I expected a correction from the earlier 0.00004500, but could not even fathom at correction to the mid/low 3600's...
80% of my position closed out at 0.00003525, with the remainder hanging in for a swing. This is now unlikely.
Whats your call, would you exit or ride out the seas ahead.
I can only imagine a rough ride for ALT's until such time as we see proper movement in both BTC and ETH...
Just a thought and a question. Not advise.
ADAM18 Correction, before continuing up the ladderWhilst piggybacking on the BTCUSD value, ADA, like most alts, had a great rally.
I am of the opinion that we are poised for a quick correction, within the next 24 hrs. Expect minor resistance at 3650, moderate resistance at 3620 and firm bottom at 3590.
I have hedged my new longs within the area, marked with the blue wave.
Lets hear your thoughts.
Please note, this is an opinion and should not be viewed as investment advise.
