ADAUSDT Sell/Short Trade, 20% gainADAUSDT is forming a triangle pattern; it's not broken yet but looks it will break downside the triangle.
Volume is not big enough to support the bullish movement;
On the H1 chart there we can see bearish divergence that shoes the weakness of the trend.
We can enter this trade in two way
1) Enter now if it makes a reversal from the trend resistance of the triangle and wait till to break the triangle downside till target reached and if it doesn't break downside then exit. (20% gain)
2) In second trade we can enter in a confirmed breakout when it breaks downside. (15% gain)
Keep Trailing Stop
Adausdanalysis
ADAUSD formed bullish BAT | Upto 40% move expectedHi guys and gals hope you are doing good, Cardano (ADA) is giving another long opportunity on 2 day chart and has formed bullish BAT pattern and entered in potential reversal zone and ready to move up at any time from here.
The dimensions of pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $0.0393 to $0.0352
Sell between: $0.0493 to $0.0493
Stop Loss:
The potential reversal zone area which is up to $0.0352 can be used as stop loss in case of complete candle stick closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
ADA is being retraced after one and a half month bullish moveIn Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern.
RSI had still some cushion to move in oversold zone and moving average convergence divergence (MACD) was still strong bearish, therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed at that time below was the article:
As per Fibonacci sequence the targets were as below:
Buy between: $0.04315 to $0.02760
Sell between: $0.05788 to $0.08991
As per above targets this trade had potential to produce upto 255% gains.
Finally we witnessed that since Dec 2019 to Jan 2020 the priceline of ADA moved up and sofar it has produced up to 138% profit.
Price Correction Started After One And A Half Month:
If we examine the price action of Cardano then it will be realized that since 1st Jan to 14 Feb 2020 there the ADA was moving up in a very bullish manner that there is not even a single red candle stick appeared during this period even it has broken down all simple moving averages from 25 to 200 during this period every professional trader was expecting a price correction move which the Cardano was not making even with every day the buying volume was more being increased that was a clear indication that bull has completely taken over the bears and they are in charge now.
The Moving Averages And Their Bullish Formation:
Now if we move one step back from 2 day to daily chart then here the simple moving averages with time period of 25, 50, 100 and 200 have almost formed an alligator’s bullish opened mouth there is only one move left and that is the golden cross between 100 and 200 SMAs once this bull cross will be formed we can witness a new and more powerful bull rally like once it was happned in April 2019 when Cardano gained more than 80% value from $0.5910 to $0.10687.
Similarity Of Moves Of Price Action:
Now if we switch back to 2 day chart again then in previous move we can see some resemblance with current move when the price action moved up without any price correction from 4TH Mar to 3rd April 2019 and then ADA dropped upto 0.618 (61.8%) Fibonacci level which is considered as ideal drop or retracement among professional traders and Cardano also had a 50 simple moving average support at this leve, and the price action took bullish divergence from this level achieved higher than previous high.
This time the price action is seems to be taking the same move as we can observe that it has moved up from jan to Feb 2020 without any correction and now it is being retraced.
Sofar it has achieved 1st level of ideal retracement upto 0.382 (38.2%) Fibonacci but this time the ADA is in more stronger position than previous move coz from Mar to April 2019 the price action did not have the 200 SMA support even at that time the 200 SMA moving down from a long distance above the price action but this time we have 200 simple moving average support between 0.382 to 0.50 (38.2% to 50%) Fibonacci level therefore this time there are more chances that the priceline will start upward move after taking bounce from 200 SMA and that moving average this time lies at $0.5492.
So most of the professional traders might set this 200 simple moving average as their stop loss and most of the traders may place their buying positions at this level by setting the same 200 SMA as their stop loss.
Conclusion:
At this time there are two decision making levels one is simple moving average 200 and the other one is Fibonacci level of 0.50 (50%) if the price action of Cardano will be successful to retest these levels as support and bounced from here then we may see more powerful bull rally which will lead to achieve an higher than the previous high but if the priceline won’t be successful in retesting these levels as support then we may see the drop up to 0.618 Fibonacci level which is at $0.04753.
ADAUSDT - uptrend is not completed !!!Good afternoon, colleagues! To everyone who trades or holds this coin in his portfolio - the upward movement does not end there! The graph shows my price expectations in the medium term. 0.09-0.1 - sales area. Where is it desirable to sell a coin. The option with working out the double bottom will be confirmed during the breakdown of this zone. The minimum value of the correctional movement is 0.5, whether the price will come there or not is unknown. Now there is an active purchase and it can fly at any time.
Consider your risks and trade with pleasure.
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
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$ADA - CARDANO - Accumulating!!!I still think that $ADA can go higher (in USD) so nothing changed on my view.
The only thing we have to pay attention to is $0.0347. It would be bearish IF we lose that level.
Here are my targets for $ADA
ABC target is $0.127
Impulsive target is $0.52
I'm steadily accumulating and will add more after a breakout. The stop is pretty wide so there's no need to be reckless here.
#CRYPTO #CARDANO #ADA #CARDANO #CRYPTO
ADAUSD formed bullish Shark | Upto 30% movePriceline of Cardano / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.03638 to 0.03371
Sell between: 0.03866 to 0.04393
Regards,
Atif Akbar (moon333)
ADAUSD formed bullish Gartley | Upto 15.5% bullish movePrice action of ADA / US Dollar has formed a bullish Crab and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.036468 to 0.034954
Sell between: 0.037668 to 0.040523
Regards,
Atif Akbar (moon333)
ADAUSD forming bullish Crab | A good long opportunityPrice action of ADA / US Dollar is forming bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.035495 to 0.034474
Sell between: 0.036107 to 0.037879
Enjoy your profits and regards,
Atif Akbar (moon333)
ADAUSD formed bullish Cypher | A good long opportunityPriceline of Cardano / US Dollar cryptocurrency has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.043167 to 0.042398
Sell between: 0.043784 to 0.045267
Regards,
Atif Akbar (moon333)
ADAUSD is ready for breakout from the pennantSince 26 Oct the priceline of ADA / US Dollar is moving within a pennant and now it has reached at end.
Stochastic has given bull cross.
MACD turning bullish,
Ichimoku cloud is strong bullish.
Lagging span is turning bullish and crossing up the priceline.
A Bullish BAT inside pennant is also formed which is pushing the price action to breakout soon.
We have a strong support of 50 simple moving average and a golden cross is expected between 25 SMA and 50 SMA which will push the price action to breakout the pennant.
The long can be taken after breakout and price correction.
This breakout can take the price action easily upto the tail of pennant which is at 0.04480.
Regards,
Atif Akbar (moon333)
ADAUSD forming bearish Shark a good long opportunityThe priceline of ADA / US Dollar cryptocurrency is forming bearish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.040532 to 0.039681
Sell between: 0.041830 to 0.043928
Regards,
Atif Akbar (moon333)
ADAUSD formed bullish BAT | Upto 16% potential trade planPriceline of ADAUSD / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.036832 to 0.035976
Sell between: 0.038874 0.041939
Regards,
Atif Akbar (moon333)
ADAUSD forming bullish Cypher | Long opportunity ahead
After forming BAT pattern now th priceline of ADA / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.040103 to 0.039162
Sell between: 0.040843 to 0.042621
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish Butterfly | A good buying opportunityPriceline of ADAUSD / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.03881 to 0.03852
Sell between: 0.03904 to 0.03959
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish BAT | a good buying opportunityAfter completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.038109 to 0.037835
Sell between: 0.038764 to 0.039747
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish Crab | Upto 43% expectedPriceline of ADA / USD has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets.
Buy between: 0.039969 to 0.035704
Sell between: 0.043282 to 0.051293
Regards,
Atif Akbar (moon333)
ADAUSD formed a bullish cypher | Another long opportunityAfter formation of bullish BAT the priceline of Cardano / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
But the MACD is strong bearish and Stochastic RSI did not give any bull cross sofar, i would suggest for secure trade we can wait for macd to turn weak bearish or a bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 0.04495378 to 0.04431146
Sell between: 0.04545635 to 0.04666967
Regards,
Atif Akbar (moon333)
ADAUSD has formed bullish Shark | A good long opportunityPriceline of Cardano / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04519950 to 0.04355250
Sell between: 0.04705449 to 0.05075816
Regards,
Atif Akbar (moon333)
ADA the same as other Altcoins, but very differentADA looks like its going through the path of continuing to fall as it crossed 2 support lines and touched them shortly after. Unlike BTC, BCH or ETH there its more likely to see another fall until a reversal.
Let me know if you think ADA is different to other altcoins