ADA / USDT Follow up Hi everyone, its Artem! Here is my idea on 4h Cardano chart. Seems like ADA might take a jump upside if Bitcoin remain climbing above 17,000.
My ADA targets at 0.34-36-37
Adatrading
ADA update ADA has reached the target from my previous chart completing the previously discussed HnS, and I have entered around 2. It is now attempting a break through the 50-day VWMA, which was previous resistance. I suspect this will fail as ADA is not showing great momentum yet, and the stochRSI start to look weak in the intraday frame. However, if 2.42 is broken with great momentum, ADA will reach 2.79 to steam off before completing an inverse HnS and reaching a new high at 3.8. My loading zone is at 2.05 right now. If the 2.42 will get violated, then I will buy on the retest. I am happy with my ADA bag. However, it is never enough.
ADAADA for the purpose of spot i would prefer using Weekly charts b c it shows the amount of time needed for ADA to hit my $7-$8 target in January 2022 we opened a long at $2.09
ADA ready for $3.20Since August 11th we've continuously created Higher Highs & Higher Lows, even with this large pullback we are still in this Uptrend since we haven't crossed over the previous Higher Low.
If we are able to continue along this Uptrend we may reach $3.20 heading into Thursday afternoon/evening. We've got a lot in the near future for Cardano which I do expect us to continue on this trend heading into September.
On the other hand, we may break the Higher Low & exit this trend which means we could fall too $2.38 followed by a Consolidation phase.
ADA ready for $3Now is the time for Cardano to make that $3 run this weekend.
We just crossed the ATH resistance with a nice retest & now it's time to FLY! Let's see if we can continue to gain Volume & Momentum through the weekend.
ADA Blush Reversal or Head & ShouldersSince we've had this pullback we've reached a important resistance moving forward. As you can see if we fall below this resistance we may end up creating a Head & Shoulder pattern which we've seen many of times where we consolidate after then get bullish.
Or we could hit this resistance creating Double Bottom which usually follows up with a nice Uptrend. Excited too see how this plays out, come beginning of September were going to be going for $3.
ADA Triple Bottom engagedWe're in a bearish consolidation phase which just created a Triple Bottom as well as the RSI. Next I do believe we may test $2 as we roll through the weekend.
Cardano / ADA 2.48 $ Little ShortTo know is not to know.
It is believing what you know.
The important thing is to know what you want.
Absolutely tear off fast-growing fruit.
2.38 tp 2.28 tp by by 2.28 close.
ADA, Cardano - price has a great picture. Look when I'll buy...More than 5 days price is over a big range. The price managed to form a local key level of 1.82. A wonderful entry point will be after squeezing to this level, breakout, and retest. Generally, the coin looks so powerful for growth. I set the alert.
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
Peep this ADA Monthly ChartIf you've followed any of my ADA posts you know I've been heavily invested since the $0.05 days.
This Monthly chart is very bullish.
- Over the course of the last 2.5 months we've established strong support between $1.15-$1
- Bear volume has been weak
- Cardano has since then been added to Coinbase Pro thus expanding it's exposure and availability to the public
- Cardano is FULLY DECENTRALIZED as of March 31st
We may range +- $0.10 over the next 2 weeks before having a performing month in May.
However, the Bitcoin chart, on the Monthly, is something you'll want to keep an eye out on.
At some point we will have a pullback month much like in the 2017 cycle. Obviously things are vastly different and given the covid situation anything can happen. However, by tracking BTC, it can give more context on the short term movement within the overall macro trend. So, if BTC has a pullback month in May, expect ADA to do the same.
Additionally, a pullback from BTC would allow it to establish a Monthly support to which we could then measure the possible target of the next leg up on a Monthly chart.
