Cardano (ADA) - June 23hello?
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(ADAUSDT 1W Chart)
1.0520-1.3190 or higher: A section that is expected to create a new wave.
Below 0.6611 is likely to be a mid- to long-term investment area.
Anything below 0.3448 is likely a long-term investment area.
So, the key is whether it can move higher than 0.6611.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.5187 and find support to turn into an uptrend.
However, we expect it to move higher than 0.6611 and break out of the downtrend line to lead to further gains.
Below 0.3448 is likely a long-term investment area, so trade with caution.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Adausd
ADA - Buying level, Compare with BTCBTC price decreased about 35% in the 36 days (May 12 - Jun 18), while ADA price didn't change significantly and increased a bit.
Also, the $0.4 resistance works well on ADA and can push the price.
It seems to be a perfect opportunity to buy ADA.
When the market goes bullish, ADA could rise more than BTC and other altcoins.
ADAUSDT | Wave Projection - Ending Diagonal SMA200 WK SupportPrice action and chart pattern trading
> An ending diagonal pattern in weekly timeframe with a strong bullish divergence signal.
> A final wave II position at SMA200 Week support, retraced below 0.786 fibonanci from wave I top position
> A possible sideway breakout from Elliott Channel, starting new uptrend pivot point after 6 weeks.
Indicators:
> Smart money strong support at downtrend wave 3 and 5.
> Banker chip entry signal at wave 3 and 5
> A strong BBD bullish divergence crossing up baseline
> Stochastic bullish divergence with reversal signal in oversold zone.
Always trade with affordable risk and respect your stoploss
Cardano UpdateIt looks shaky/crapy but we are pretty good.
Please support me with your likes...
Let's get started!
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We will keep it short and simple for this as we've been tracking Cardano (ADAUSD) on a daily basis.
"We are pretty good" because as mentioned before prices remain trading above 18-June low.
This low was set at $0.4210 and works as the main support.
In a nutshell, as long as ADAUSD stays above this level we remain strongly bullish.
Now, we have this three heads pattern or inverse head and shoulders that can possible form, if prices drop on a higher low.
The blue space marked on the chart is the resistance that needs to be conquered before we go up...
You can find more details on the chart.
Leave a comment with your questions.
Thanks a lot for the continued support.
Namaste.
Cardano cryptocurrency - is it time to buy ADA ?The last time we made a global ADAUSDT forecast 5 months ago and as it turned out on the absolute price highs and roughly speaking all this time the price of ADA was fallen from $3 to $1
We tweaked the dynamic channels a bit from the previous idea and this is what we get:
On the one hand, the ADAUSD price has bought back up for the eighth time from the powerful $1-1.10 liquidity zone and organized a 50% bounce because buyers understand that this zone is critical for a global trend reversal.
On the other hand - the dynamic trend line was able to break through downwards with the 5th time and in the last days/weeks there were two retests from below for strength of this trend line and the sellers have not let the price go higher yet.
There are some rough estimates of possible price movements on the chart.
At the moment, crypto market move in flat till this time, and they will squeeze out all the juices from small participants with anarchic moves up and down, knocking out stops.
Only if the price of ADAUSDT rises above $1.75, it will be possible to buy carefully long.
In the meantime, the only thing we can say with certainty is that below $1 for Cardano token a real rapid super plunge may begin, because the chart below is empty, with no support, down to $0.35-0.40 . Of course, no one wants this development for sure, but we don't control the market. Forewarned is forearmed
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Cardano: Indecisive 🤔So far, Cardano has apparently refused to drop deeper into the green zone between $0.9355 and $0.2767 and has not fallen below its last low. This could imply that the altcoin’s preparation for the coming ascent have already begun. However, we rather expect Cardano to make further use of the green zone to finish wave 2 in green at its bottom before moving upwards, confirming the ascent by crossing the resistance at $1.6378. The altcoin should be careful, though, not to drop below the green zone!
ADA/USDT BUYING SETUP (SCALPING)Buying #ADA/USDT (SCALPING)
$ADA reject after hit resistance trendline falling wedge pattern and back to retest on demand Area . any bullish candle rejection inverted hammer on 4h timeframe , so potential back to try breakout the resistance
Big Massive News 30 june 2022 will hardfork
Buy zone : 0.465 - 0.44 - 0.42
Target : 0.4815 - 0.5031 - 0.5332 - 0.5680 - 0.6084
Stop : 0.405
CARDANO (ADAUSD): Pullback After Bearish Move
Hey traders,
One more great opportunity to catch a pullback on ADAUSD.
This time the market formed a double bottom formation and then broke a falling trend line on 1H time frame.
I expect a bullish move at least to 0.5 after its retest.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Cardano | Another RoundWe see bullish consolidation taking place as prices are trading above EMA10.
We continue waiting patiently for the next round.
The support is marked with blue and the target with yellow.
We have bullish signals coming from the indicators.
I looked at other charts related to this one and we have a bullish bias.
It can cancel out and that is why I mention support.
Good luck.
Good profits.
Namaste.
CARDANO - The Entire 5th Wave ✨Cardano is currently on the last and final wave of its bearish leg.
In Elliott Wave Theory, the 5th wave consists of 5 waves, which follow the impulse schematic.
Wave 1, 3 and 5 being 5 wave impulses and wave 2 and 4 being ABC corrections.
We can see that we have been following the aforementioned rules perfectly.
We are in the 5th wave of the major 5th wave. In this 5th wave, we have 5 subwaves. We are currently on subwave 4, which appears to be an ABC correction.
Trade Idea:
- Watch for rejection at 0.54
- Once rejection appears, enter with stops above the blue structure
- Targets: 0.4, 0.3, 0.2
See linked chart for our previous analysis.
Daily chart
Goodluck and as always, trade safe!
#TheStrat BTC Broadening Formation 13k to 16k BottomWeekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC
Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower
4hr Chart shows that we are quickly approaching the long term broadening formation
I would watch the price action around this lower broadening formation and look for bullish reversals.
Educational purposes only, this is not financial advice.
Cardano Too Will Recover Ultra Strong (We GET PAID!)When it comes to Cardano (ADAUSD) the chart is still looking good...
Yes you say so but why my friend?
Because prices remain trading above the low price set on May 12.
As long as this support holds, we can expect this pair to grow.
But what happens if the support fails?
We remain bullish all the way...
If support fails, we will hit a lower a low followed by a stronger bounce in a matter of week or just days.
See the arrows... Both the red and the green ends up pointing up.
It is all a patience/waiting game.
Buy and choose to wait long-term.
We are entering a buyers market.
First we buy;
Then we hold;
Last, we GET PAID!
Namaste.
❌ Buying Cardano is still risky‼️After a 14% drop last week, Cardano did not show any activity this week and is still priced in the close range of last week.
With a clearer look at the four-hour timeframe, the trend is supported in the key range 0.4550 - 0.4343. The fall has broken the bottom of the uptrend channel, with recent growth seen only as a pullback.
The momentum identified by the MACD indicator continues to show the strength of traders.
After this support, the market has reacted quite seriously to the resistance of 0.545 - 0.5670.
The failure of the resistance in the downtrend is still a sign of the continuation of the trend, so as long as the resistance remains, the probability of support failure is still high.
The failure of the designated support indicates an increase in sales volumes, in which case a lower risk warning can be received. In such an event, a further decline to 0.3000 is expected.