Adashort
ADA(Cardano) : DO OR DIEADA is currently testing its 1$ Support zone. This zone has been tested multiple times and it has been holding so far. Cardano must continue to hold this Zone Else #CardanoWinter will get started.
ADABTC Long | ADABTC Short | You can trade long or short⬜ This is two trade what I took for ADA, Cardano on Delta Exchange. This is publish for my personal trading journal but maybe can be good for someone (I like to come back on my past trading and check what was good and what can be improved).
⚪ Trade is taken on weekend when mostly is low volume and when I saw possible Elliott Wave idea and this least for me is not new trend to break ATH I jump in Long. Have trade plan where to place Stop Loss, and what is my Targets.
Taking profit I done based on my plan for trade, again using harmonic pattern indicator and already some possible resistance level.
When reached last preset target (180% ROI) I close all trade.
⚪ Same happens for Short trade. When I saw rejection.
I saw rejection from weekly resistance and based on last long trade, this is not impulse wave, maybe just larger correction, I took short trade when I saw strong rejection and didn't bounce from 1st support (expected maybe will broken resistance flip to support).
Break bellow expected resistance, tested, can't break above (perfect for entry) and continue trend down.
Rest of this trade is on chart where and why I took some profits.
Remember ALWAYS plan your trade and trade your plan. Use Stop Loss and have Targets where you will take profit. Don't be greedy and don't forget to take profit off the table.
Cardano(ADAUSD) IN IRREGULAR CORRECTION SHORT TO $0.8Macro-level
Looks like we are still in Wave 3 of the 5 wave series for Cardano(ADAUSD)
The Wave 1 was completed in 2018 at $1.3
Wave 2 ran for a very long period till end of 2021
We are now in wave 3 for the bigger wave cycle
Wave 3 is an impulse wave with 5 sub-waves (1-2-3-4-5)
In the bigger Wave 3 we are in sub-wave (2)
Looks like Sub-wave 2 is making an irregular correction (A-B-C)
Micro level
In a complex A-B-C irregular correction the waves are subdivided into 3-3-5
W(A) is a 3 wave ended at $1
W(B) is a 3 wave structure and ended above the start of wave(A) at 1.38% extension of W(A)
Wave(C) is a 5 wave and drastically drops to the end of W(B) or even a little lower to 1.618% of Wave(A)
We are now in the 5 wave series of Wave(C) - its at sub-wave(4)
If we are in the downward cycle with the whole crypto market going down, my guess is this might end at 1.618% at
$0.81 in the next few weeks
Please comment and appreciate your feedback
ADA CARDANO🧨🧨🧨100% Profit 2 monthHello, all my dear friends, I left the analysis of Cardano. In the analysis of Cardano, you see what you have, especially in these cubes. We see numbers with the numbers of support and resistance that exist. I showed myself based on analysis and forecast. In 51 days, Ada Cardano will start the uptrend from $ 1 to $ 2, and the downtrend of the third wave will start at the same time with the third downturn of Bitcoin and will go up to 38 cents.
My servant Manouchehr Azar, I am your friend from Iran, I speak Persian. I expressed my analysis on YouTube in Persian. Unfortunately, I was not fluent in English.
Ending Diagonal Shows WeaknessAn ending diagonal is forming in a 5min time frame. This is a typical sign of exhaustion of an upward thrust. This formation is generally followed by a deep retracement. However, bear in mind that this is based on only a 5-minute chart, thus, randomization might be in place. Time will tell. Trade Safe!
ADA Daily Near Future PredictionsTechnical Analysis Summary
ADA/USDT
TREND ANALYSIS
We have 1 downtrend trend in red color
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
ADA is going to visit 1.8 at leastCardano is one of my favorite projects, however that does not mean that it is not at a good time and things are going to get worse for this one.
I hope that in the next few years ADA will be worth more than $10, but by the end of this year and the beginning of the next one, ADA will have a big retracement or at least it will enter a range in the $2.
Please don't hate me, it's just the truth.
ADA getting weak , Ready to sellHi everyone
our daer cardano seems to have some rest
reasons :
1- wave counting !
2- double top pattern on daily chart which is weakness sign .
3- Volume decreasing .
4- ADA-BTC shows us weakness so this price dereasing is not necesserily for Btc correction
as while as i'm writing this it's going down :)
so decide yourself , have fun
good luck
and by the way i recommend you to wait till this day candle close below of trend line
OverextendedAda looks overextended and I have sold. I will look back at it when my alerts go off around the 2 dollar mark or closer to the cloud.
2 weeks until the release gives it time to cool off for a little bit before the dump begins. This may even be the best time to get out before things get too quick.
One thing I've learned over the years is to take my damn profits and to stop being a greedy sob! Ada has made an incredible run if my short fails I've still made great money.
Don't lose by being greedy!