Adausd
CARDANO- Does the update have a bull effect?Hi everyone
As the news for the new hard fork for CARDANO booming, we can see a pattern on the exact opposite of the news.You may argue with a bull flag pattern or volume and you might be right but a bull flag with accumulation around 50 bars??
For now we have a HH MTR pattern with low risk and high reward, resistance level is 0.69$ and our support levels are 0.6$ and 0.55$.The price may reach the resistance and activate the pattern there, but if it crosses that line we may have a good way up.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Cardano ADA long-term view - bottom or more pain?Cardano ADA long-term view - bottom or more pain?
Both $0.38 and $0.16 are support levels of high volume and price action
The chance that $0.38 was bottom will increase if the RSI shows a breakout - not happened yet.
What are your thoughts on that weekly chart dear Crypto Nation?
Drop me a nice comment.
*not financial advice
do your own research before investing
ADA BUSD Approaching ResistanceBINANCE:ADABUSD is approaching resistance on 4H chart. Fresh buying is recommended only if the price breaks above the resistance .
ADA Cardano: 20% pump or 38% drop if this happens. Hello all. Here is a quick scalping idea for my cardano traders.
Looking at ADA/USD "Cardano" on the daily timeframe, we see that cardano is sitting very close to the resistance line of the falling wedge pattern and right below the 50 day EMA.
If ADA breaks the resistance line, it sure will retest the $0.74 resistance which is 20% trade from the current price. So defenetly keep an eye on this line.
If ADA fails to break this resistance , the bearish scenario will be to retest the previous low at $0.38 which is 38% drop.
RSI: The daily stochastic rsi is oversold however, the 4 HR rsi and the weekly rsi's sit in overbought territory.
Thanks fro reading, and stay tuned. Enjoy!
TS ❕ ADAUSD: double peakADA formed a double peak, with the second peak being lower than the first. I expect a downward movement to the support level.
SELL scenario: short to 0.4464.
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cardano - The Road to .18 and Beyond - Updated ChartingCOINBASE:ADAUSD Fighting the good fight with CRYPTOCAP:BTC.D Let's face it, it's MAXI SEASON and as if the headwinds of the macro backdrop wasn't enough, BTC.D continues to gain precious real estate. TVC:DXY continues strengthening
Adjusted wave 2 accordingly with the most recent dead cat bounce.
Pay close attention to these events this week as they have a significant impact:
June 6th: Bank Holiday in some parts of Europe, such as Switzerland, Germany, and France
June 6th: USA Trade Balance (Difference in value between imported and exported goods and services during the reported month, a positive number indicates that more goods and services were exported than imported, the forecast is negative -$89.3B)
June 9th: Europe Main Refinancing Rate decision, monetary policy statement and European Central Bank Press Conference
June 9th: USA Unemployment Claims, which is the earliest economic data that is released in the US in a month
June 10th: USA CPI Data, which is the change in the price of goods and services purchased by consumers, the Consumer Price Index.
June 10th: Russia Rate Decision. Currently 11%
The start of the week seems quiet but the 9th and 10th could be characterized by some volatility due to the ECB rate decision, unemployment claims, and the CPI Data.
ADA/Cardano for those who are catching the bottom, wait!🔥#ADA #Cardano
▪️In the near future, I expect a drop of -30%. Using only technical analysis, not only the coin itself, but also the main cryptocurrency.
💎 I think you should refrain from buying assets and wait a bit.
🔥Subscribe to the channel, get notifications about signals!🔥
ADAUSD ❕ quickly riseAfter a fast rise, Cardano was overbought.
On the 1H Timeframe, the TD Sequential indicator indicates a reversal.
The price broke through 200MA (4H TF).
Main MAs are bullish (1H TF)
I expect that after fixing under the upper border of the channel, the price will correct to the levels indicated on the chart, and it can already be a reversal point.
Cardano ADA 's next point of control (POCs)Cardano ADA 's next untouched point of control (POCs)
Next higher one at $0.78... next lower at $0.56
Since ADA is overbought a correction is likely but not necessarily to the lower POC
A run to $0.78 would also surprise me - steady growth preferred - right?
Drop me a nice comment
*not financial advice
do your own research before investing
ADA for this week. I'm just looking at the 1D $ ADA chart
💡I would get a 📈 long at #Cardano for its bullish news update.
I would expect it to fill at least 50% of the wick of the candle it made on 31/05 with a stop loss below the supertrend.
+ I believe #BTC will not fluctuate much this week.
⚙️Although the $ ADA candle on 31/05 is bearish. #Cardano has an important update coming very soon. The long-awaited Vasil hard fork, which increases performance and adds more improvements to Plutus, is scheduled for June.
💡buy the rumor sell the news.