Cardano tested last week and held (closed the 1W candle over it) the 1W MA50 for the first time since October 2023. The 1D technical outlook is oversold (RSI = 29.115, MACD = -0.050, ADX = 36.349) and the 1W timeframe bearish (RSI = 44.076). The pattern it is printing though is very much like September 2020, when after successfully holding the 1W MA50, it started...
TRADE ALERT! Ada Ticker: ada/USDT Entry:0.51-0.53 Take Profit: 0.6180-0.6385 Stop Loss: 0.4739 Risk to reward: 1:2 Technical Thesis: Price saw a correction upto 0.618 fib ratio The area of 0.5 fib and 0.618 fib is where price is holding and is expected to bounce. Keep an eye on 0.53$ to 0.51$ area for long position.
Cardano has turned overbought on the 1W timeframe (RSI = 79.294, MACD = 0.031, ADX = 45.270) being on the strongest weekly candle since the previous Bull Cycle and the August 9th 2021 week. Despite that, the market doesn't seem to be done buying as the pattern is an Ascending Triangle whose HH top is exactly on the 1D MA200. Those two along with the R2 level...
2h time frame - From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1) Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure....
2h time frame - ADA is creating a bullish flag after breaking trendline, this flag is a continuation structure of 1st pumping wave(0.2401~0.2694), according to the momentum from flag, ADA might start 2nd pumping wave and reach higher targets as below. TP: 0.28 / 0.29~0.3 SL: 0.2515
Dear Traders, We have two possible target zones from the current price, if entered currently, the profit amount can be decent enough. Feel free to share your thoughts!!
That's an analysis based on the trend line, price action, and wave analysis. I see a good opportunity when I see the chart on a multi-timeframe. Therefore, I am looking for a suitable entry zone(point), and if after the news of the interest rate increase by the Federal Reserve (Central Bank of America), it will not break its support zones, it will be a good risk...
ADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone. Cardano blockchain is in the actions of...
this pullback will probably be the last time to hit the 1$ key range. the first target will be 1.26$ and the two-month target is 1.60. ADA is fundamentally bullish. search about Vasil hardfork :)
ADAUSDT 1H: Possible LONG In the 1H chart, we can see a breakout of the 1.290 level. This signal indicates that the price may rise to the level of 1.420 in the future
ADAUSDT 1H: Possible LONG Further growth, up to the level of 2.070, is possible following the rebound from the 2.000 level.
ADAUSDT falling wedge broken in 8hr timeframe and its ready for 2nd bullish Impulse.....
The uptrend continues with two strong supporters who seem to see new numbers coming soon.
TRADING SUGGESTION: Now we looking to the market got form normal pattern,so wait for breakout after enter the buy trade.GOOD LUCK . . . . TAKE A TRADE,SIT BACK AND RELAX LIKE AND SHARE
A beautiful Golden Cross with 22% profit in 2 days In the analysis of 9 August, I had announced that the Golden Cross would happen soon Easily reached the first Target The price range of 1.69 Cent to be good for buying in case of pullback Maybe stay in this area for a while without worrying And continue to raise prices again It will soon exceed $ 2
If price broke the correction, possible reach the resistance soon
This is not financial advice !!! This is Just Chart analysis !!! This is 15M Chart
Bitcoin and Ethereum are falling, the island does not fall. Let's not neglect to collect Fruits that will appear as Peak to Us when Btc and Eth de fall. Get tp. Stop-loss = 1.96 $ There is a high chance of winning. But it is still affected by the rise and fall of bitcoin. When the time comes, no one can afford to pay $ 3 within 4 hours at most. The money...