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Cardano Daily Timeframe (Bad News vs Good Results Explained)Cardano (ADAUSD) broke our short-term support so we have to step back and look at the higher timeframes... And we go to the daily (24 hours per candle). Notice that the 18-June low remains intact, even with bad inflation numbers and bad news; This is a positive. If you see very bad news yet the market fails to break its support, it works in favor of the bulls. We have good volume today. Still rising and above-average. Would be really good to see a higher low at this point... Any questions leave a comment below. Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana
6
ADA/USD Possible Target Hello EveryOne ! As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one. So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ). Why this correction occurs ? In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
BINANCE:ADAUSD.P
by AzhDihak
ADABTC Shows bullishness, despite bearish sentiment. $ADABTC is bottoming out, yet many are overly bearish at the bottom. This is typical of markets. Either way, trading the BTC pair for a lot of tokens is imperative for getting the full picture. BTC, NOT USD, is the king in this market, and thus, it is what you should trade against, using your analysis of bitcoin as a macro guide. The net USD result will be your alt coin gain in BTC multiplied by the USD value. If BTC's moves cause volatility in the price of alts, how can you chart them correctly without consulting the pair?
Long
by TheTraderAndy
2
Cardano 1H Channel Updated (Still Bull)We removed the rising channel on Cardano as it has been broken twice, but the technicals remain the same; bullish. Notice 30-June low on ADAUSD remains intact, that's the main support. As long as Cardano remains trading above this level, the bullish potential remains active. If ADAUSD moves and closes below this level, at that time the potential for lower prices open up. Notice the green and red arrows... These are the main scenarios, "IFs". For us, for trading, it goes like this... (1) Buy and hold. (2) If ADAUSD goes below $0.4350 sell at a loss (tight stop-loss). (3) If ADAUSD stays above this level and grows, collects profits. Patience is key. This is not financial advice. Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana
3
Cardano Short-Term Updated (New Bullish Signals)This is an update to the trade idea published 8-June for Cardano (ADAUSD). We have new bullish signals. We have this ascending channel working as a rising consolidation range, what I call bullish consolidation. We have a higher low today, 10-June, compared to 30-June. The higher low candle, a -8 Doji, has the highest volume since 10-June, signaling strong buying pressure. We continue bullish and expect prices to grow based on the data coming from this chart. Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana
Cardano Short-Term Targets MappedWe are looking at Cardano (ADAUSD) short-term to find out the next resistance levels. We can see an ascending channel with prices already trading above MA200 while conquering EMA300. The first target short-term is set at 0.5000 or ~6.5% from the current price. The second target is set at 0.05400 or 15% away from the current price. You can find these targets on the chart. Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk). A stronger stop-loss can be used around 0.4438, which is the 5th of July's low. Bitcoin continues bullish and Cardano follows Bitcoin. The charts are always changing... Remember to plan before trading. Thanks a lot for your continued support. Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana
1
Cardano's Easy 20%, Fast 40% + Sure 70% (10X Lev Trade Reminder)Cardano is moving ahead and right now we need only focus on the targets since we took care of the chart signals a few weeks ago. We've been bullish; Now it grows. Patience is key. Enjoy the results. Cardano 10X Lev. These type of chart setups are not seen very often... These opportunities are hard to find... We are active with 10X and high potential rewards = high risk. The first target is set around $0.5750 for 20% potential profits. Up to 200% with 10X lev. The second target is set around $0.6850 for 43% or 430% total. Finally, the 70/700% target is the mid-term price jump. There can be more but we aim low, secure our trades and always secure profits on the way up. This is not financial advice. Leveraged trading is ultra-high risk and for experts only. Please do your own research before trading. Always make sure to have a plan in place. Wishing you great wealth and success. Wishing you a strong recovery. Wishing you peace! Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana
2
Cardano (ADA) - July 7Hello? Nice to meet you, traders. Follow us and you'll always get new information quickly. Please click "Like". Have a great day today. ------------------------------------- (ADAUSDT 1M Chart) Below 0.6611 is likely to be a mid- to long-term investment area. Therefore, it is important whether it can rise above 0.6611 or not. (1W chart) It is necessary to ensure that it is supported at 0.3448 or above and that it moves along the upward trend line. If it rises above 0.6611 and is supported, it is expected to continue the upward trend from a mid- to long-term perspective. (1D Chart) We need to check if it can be supported by 0.4619 or higher and increase by 0.5187 or higher. --------------------------------------------------------------------------------------------- ** All indicators are retrograde indicators. So, it's important to know that the indicators move along with the price and volume of the transaction. However, for convenience, I'm talking upside down for interpretation of the indicators. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.) ** Support or resistance is the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee gains or losses in the investment. (Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.) ---------------------------------
by readCrypto
1
Cardano's Bullish Potential Is Growing (25% Target Mapped)My fellow crypto-trader, we are looking at a 20% price jump on Bitcoin (BTCUSD) and up to 25%, short-term on Cardano (ADAUSD)... Let's get started. We have the same chart as before, we updated #3 to expand the low pattern but the technicals remain the same. We are coming out of support with a bullish bias that is becoming stronger everyday. Above the 0.4210 low/support, 18-June, we are strongly bullish... The market takes care of the rest. Namaste.
BITMEX:ADAUSD.PLong
by AlanSantana