Cardano (ADAUSD) is currently trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) for most of May. This consolidation is most likely the new Accumulation Phase for the next price jump and the reason is an old chart that we published last year, comparing the 2022/23 Cycle with 2018/19. So far it has been remarkably similar, with the Bear...
Cardano (ADAUSD) is having a good start for the year as the price is about to hit the 3D MA50 (blue trend-line). This is the level that has been unbroken since November 15 2021, basically throughout almost the whole Bear Cycle. As you realize a break-out above it would be a major bullish development for Cardano. Such a break on January 07 2019, was what...
*** *** For this particular analysis on Cardano we are using the ADAUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where ADA is following the general market bullish sentiment (led by Bitcoin), rising by more than +15% in a day and is about to hit the 1D MA50 (blue trend-line). This level has been unbroken since September 13. The...
Time Frame: 4H Symbol: ADAUSDT Entry: 0.3815 TP: 0.3615 SL: 0.3941 Bias: Short We are bearish. The price may move further down and create an ambience for a short term selling opportunity.
Cardano (ADAUSD) got rejected 6 days ago exactly at the top (Lower Highs trend-line) of the long-term Channel Down pattern that it has been trading in since the September 02 2021 market High. This is the 4th Lower High rejection of this structure and when that happened in the past, a strong rejection followed. Cardano has been trading sideways for basically 3...
Cardano (ADAUSD) has suffered a strong pull-back along with the majority of the crypto market last week, dropping again below its 1D MA50 (blue trend-line) for the first time in almost 1 month. Still, it is so far contained within the short-term Channel Up that started after the July 13 Low. The RSI on the 1W time-frame may be showing a smooth reversal to the...
Time Frame: 4H Symbol: ADAUSDT Entry: 0.5290 TP: 0.5618 SL: 0.5044 Bias: Long The pair will go further up as we see the recent history of price changes. The major crypto pairs are having a boost but it is a trend drawdown before a strong fall.
Cardano (ADAUSD) has had repetitive rejections (4 in total) on the 1D MA50 (blue trend-line) since May 31. In fact the last time we saw so many rejections within a long-term Channel Down, was during the previous Bear Cycle of 2018. The inability to sustain a break-out above the 1D MA50, led Cardano to the final hyper aggressive flush of November 2018 that...
Cardano (ADAUSD) has been down for more than -87% since the September 2021 High and has been trading within a Channel Down ever since. This is similar to the pattern of the last Bear Cycle in 2018. On this 1D time-frame analysis, the 1D MA50 is the blue trend-line and the 1D MA100 the green trend-line. Even though 2018 made a -93.50% dip from the moment the...
Cardano (ADAUSD) had a major bullish break-out today as it broke above the Channel Down that has been holding since the September 02 2021 High. It remains to be seen if the 1D candle closes above it, but it already looks as if ADA is replicating Ethereum's (ETHUSD) bullish break-out in early January 2017. It was when ETH broke above the 1D MA50 (blue trend-line)...
ADAUSD (Cardano) has been trading inside a Channel Down ever since its September 02 2021 All Time High (ATH). That is a significant amount of time it has been on a bearish trend and the pure structure of this Channel Down, doesn't seem to allow much room for hope, at least not yet. Right now the price appears to have formed a bottom ever since the February 24...
ADAUSD posted a short-term (for now) rally since the January 10 low that brought the price on the 1D MA100 (green trend-line). That level was last touched on November 10 2021 and has since been turned into a Resistance. A break and 1D candle closing above this trend-line should be considered as a bullish break-out signal that might be the begining of a Parabolic...
#ADAUSD Hello trader, I hope are good and safe. Today I opened the chart of #ADAUSD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #ADAUSD will go downside, Now Nice opportunity for short. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..
#ADAUSD Hello trader, I hope are good and safe. Today I opened the chart of #ADAUSD for 15 Min and analyzed it then I see that this chart has made a ASCENDING TRIANGLE PATTERN, So i hope market in this condition going up and going down, Now Nice opportunity for long and short. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..
ADAUSD has been consolidating for more than 1 month (since September 20) within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). This consolidation happens to be inside a Triangle that shares many characteristics with the May - July 2021 Triangle. As you see the May - July fractal also traded for a similar period with the 1D MA50 and 1D MA200...
Three weeks ago I made a cross study on Cardano comparing the current Cup and Handle (C&H) it's been trading in since the May High with the same patterns of the recent past: As you see, the C&H formations are all quite similar and as the Handle of the current pattern is almost completed, I thought it would be a good time to update my idea. For better...
ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line). This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern...
ADAUSD has been one of the best performing cryptocoins since the market made its late July bottom and started to rebound. It is one of the few coins and the only high cap that broke its pre May correction highs. As you see on the chart, the pattern since mid May looks like a Cup formation. The same pattern was last seen from August until November 2020. On that...