Adausdlong
ADAUSDT | The best scenario for climbing🏹Hello traders, Cardano in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
If you have checked the daily analysis of this symbol in our account, you will notice that we are in wave 4 correction.
This wave 4 is formed in a zigzag pattern.
From wave 4, wave a ends as a leading triangle.
Normally, each wave consists of a wave a of a triangle in the shape of five waves.
But according to our study, these waves are three waves and we preferred to do the same counting.
Wave b should not correct more than 0.618% of wave a .
Wave b is formed in the form of a flat and this flat will be a common flat that wave b wave a is finished and now we are inside wave b .
We assume that wave b will have another drop to Fibonacci 0.78 to 0.88 and then climb for wave c to the end of wave a .
If Fibo 0.88 is broken, the flat shape will change.
And if the climb starts from the same range where the price was, it will continue to the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
ADAUSDT / ADABTC Long until end of November15minute length graph is the wrong one I have put ! Please look at the 5 hour length graph below ! sorry !!!!
I see rsi (relative strength index) as the 1st differential of the price by time !
(let's study how rsi values are created later and see if my idea is right or wrong XD)
The fundamental is that If I see the rsi going up where the price is going down or not going up, I buy !!
But there are major conditions that I put on after this fundamental to confirm the bet. I don't buy something just because I saw the upwards divergence.
I close the position with loss when the rsi value goes down too much that the upwards divergence has lost its shape.
(I look at local minimal points of the price, trade volume of those points and whether rsi values of those points are going up)
I hold until the point where I feel and examine that it is fair price aviation for that good upwards momentum we have been leveraging on.
(I only do spot trade now, no leveraged bets. I mean I am leveraging on the upward force !)
There are many minor details among this process, I can tell you if you want just let me know I might make a video of sh1tty quality of me trying to explain those stuff, but it's really just the fundamentals that the legends have been emphasizing quite much !
For example, in ADA USD or ADA USDT graph, you can find three lower apex prices in the 5-hour unit chart, they were impactful lower points in my eyes.
However, I observed rsi values of those three points went up subsequent to the former ones.
So I looked at every other hour unit graph and one extra rsi graph with different numbers for averaging tick bundle (length), and I confirmed to myself that the anabatic force is being applied, and I also felt that it isn't too weak to fail to support the anabatic energy, and also it isn't in short time interval either.
So I made a speculation that the price would go up to around 2.821$ in usdt scale for binance chart, and that time will be roughly around 19th of November this year !
So from today, my plan is to hold on to ada for about 8 days !
I will close the position if the rsi anabatic divergence is interrupted with a bigger catabatic rsi change, but I wouldn't sell ada if that divergence is still there. In that I mean, even if the price of ada in usdt scale hits lower than 1.78$, I wouldn't actually close the position if the divergence hasn't been disturbed !
There are much more that I would love to talk about during this thought anabolism, I will tell you just one more principle during this process.
It is about why I used binance usdt chart for feeling how ada is doing !
I mean, I could have used adakrw, adausd in coinbase, kraken, etc ... There are so many other counter-values or exchanges that forms a team.
However, I have chosen binance usdt chart for ada for speculation, because I believed that it has the biggest volume among all the other, and I also believed that it will be harder for the bigger one to possess a bigger overpotential than the smaller one when it comes to the inertia of real price - shown price regression.
Like, if you are to ask the answer to a question that your teacher has given you for homework, I would believe a friend who has a higher score on that major would have more tendency to answer it better than a friend who has a lower score !
Here it is just my playground and I am trying to have fun.
I am happy to share my thought process, and you can share what you think, I'll be fine with it !
Here is ADABTC chart if you want to try applying my thought process just for fun !
BINANCE:ADAUSDT
ADA Breaking Out for More Than 3X Easy Gains in Next 4 Months🧨In previous ada idea we discussed ada is in strong accumulation zone, finally cardano breaking out frm bullish rectangle pattern.
in last 2 days LTC also pumping , all old well settled coins started to pump. dont miss this easy ada trade setup.
A good long position for Cardano?Is what I am seeing here correct? It seems that a rise in both Stochastic RSI indicators should produce a bullish look for price in the near future. Just looking for feedback from the traders who obviously have a lot more experience with this than I...but being a beginner isn't always a bad thing, I don't have all this info weighing me down...
ADA Price Target for EOYI've been gradually accumulating ADA on some key levels. With SundaeSwap just around the corner, ADA is going to have a huge run up. My price target is $3.90. This is just Technical Analysis, not a financial advise. And always, DYOR. Do proper Risk Management and let's go to the moon this November.
ADA (Cardano) Ready to pumpBased on my analysis on Daily timeframe as we can see the price is ranging at a strong support key area which has acted as both support and resistance previously, what makes it more interesting is having EMA200's support at this area as well, and even more interestingly based on Fibonacci retracement this area happens to be at 0.618 (Golden Number) which makes reversal more likely and a high quality trade for a long position.
Plus on the RSI we have this bullish channel with a double bottom (Extra Confirmation) as well as a pretty big falling wedge pattern.
NOT FINANCIAL ADVISE!
ADA/USDT - Potential 49% SetupHello Traders!
ADA is finishing the correction. There was formed a "descending wedge" trend continuation pattern on the chart.
Purchases can be considered between the price levels of $1.97 - $2.07
It is appropriate to place a stop loss near the price level of $1.67
The targets for buying are at $2.73 and $2.95
Excellent short-term trade with a good risk/profit ratio
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ADA last buyI know some of you were scared during the last 2 days as ADA dip quite considerably. This was a liquidity and stop loss hunting event. You have now the best bargain you could think off. This is a simple chart. As you can see ADA for the last year and half have reacted to the touch of the 200day MA. Well here we go we are excatly flirting with the MA. ADA has been moving slowly and trading in a tight range for 1 month and half. This has been a great accumulation which i expect to result in an upward explosion. If we clearly open and close on the daily below the 200 MA then i will think to exit. For now, if I had more capital i would add to my position. 4.2 should be coming pretty soon.
All the other indicators are showing an oversold condition and also the KST, ChandMO are waiting on the equilibrium line approaching a breakout.
Once again this was just a shake out.
Do not panic.
ADAUSDT Does it ready to fly?What is your technical analysis for ADA Now? Let's try to anticipate the risk-reward ratio we are consolidating for more than a month. It is near the breakout zone it could go in either way if it is going to break this is my target and risk as you can see in my chart. Happy trading.
ADAUSDT 2H LONGHey traders,
I have analyzed ADA/USDT on different time frames and I have seen some interesting point of view and I thought is worth to share. as you know market has moved drastically and Cardano (ADA) have not catch up with market, I see a great potential in this coin and I believe is time to see higher targets as I mentioned on the chart. please do your own research before getting in any position and best of luck.
Cardano Update 15/10/21: $4.40 Target 🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4.40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support.
Our current targets for Cardano (ADA) from the current price level @ $2.16.
127.20% fibs @ $3.67 (69% Gain)
161.80% fibs @ $4.40 (104% Gain)
261.80% fibs @ $6.51 (201% Gain)
EOY/Q4 Target at the full fib extention 423.60% @ $9.92 (360% Gain from the current price level @ $2.16).
Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :)
Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :)
Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :)
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada