ADAUSD forming bullihs BAT | A buying opportunity aheadPriceline of ADA / US Dollar cryptocurrency is forming a bullish BAT pattern and soon it will be 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 area.
I have started buying zone from 0.618 Fibonacci however you can also place your buying from 0.786 to 0.886 Fibonacci for more profit:
Buy between: 0.037491 to 0.036445
Sell between: 0.037774 to 0.039190
Regards,
Atif Akbar (moon333)
CARDANOADA
If this, if that.. what will alts do? ADAUSDI believe we're in uncharted territories here. Ever since Bitcoin became institutionalized via CME and Bakkt, it seems like Bitcoin is very manipulated. The big money has their hands on cryptocurrencies, this much is obvious. This is why every crypto tumbles, on every exchange at the same time. There used to be a time where there were price differences in bitcoin between one exchange to the other. Now, they are within dollars.
How is this possible when each exchange holds a different amount of each cryptocurrency? Since 2017, some things have changed behind the scenes. Is it safe? Like every investment, there is risk. Crypto is an investment that is almost impossible to predict, but that doesn't mean money can't be made. The volatility is a bit too extreme for safe investments as there is no clue whether this is a bottom or another flash crash is right around the corner.
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)
ADA heading below $0.04It seems like Bitcoin will head below $9,000 easily taking out the alts with it. While many said it was alt-coin season, it is proving otherwise.
Clearly, there is much more room for declining prices. RSI for ADA is still high enough to sell. The MACD and Histogram are showing that they are entering a bear market and selling will resume.
Can things change? Absolutely. But, selling and buying back in is now a logical option as it doesn't seem that Bitcoin or Alts are done selling off.
ADA, sell for profits, get back in.If you bought at $0.044-48, you enjoyed at least 5% profit. It seems like the steam has slowed and ADA could be coming in for a little break which may see the price back towards $0.047, which would be another good entry point. The lows have been only getting higher since late August. So, the movement upward will continue back to $0.08, or higher.
Reasons for short
RSI is high.
MACD shows a peaking.
Targets
$ 0.047 - $0.048
ADAUSD forming a bullish Crab | A good long opportunityPriceline of Cardano / Bitcoin cryptocurrency has formed a bullish Crab pattern and it will be entered in potential reversal zone to hit the sell targets soon 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: 0.00000482 to 0.00000469
Sell between: 0.00000492 to 0.00000517
Enjoy your profits and regards,
Atif Akbar (moon333)
ADAUSD a formation of shark | Upto 225% possibilityPriceline of Cardano / US DOLLAR crypto currency is forming a shark pattern.
This time I am watching some confliction between indocators and harmonics, coz as per shark pattern the leg can be more longer from 0.886 upto 1.13 Fibonacci so there is little bit more difference but the indicators from the smaller charts are turning bullish but on week chart they are still strong bearish.
MACD is still strong bearish.
RSI has still some cushion to move in oversold zone
However I have posted the shark pattern as all legs are formed exactly required for shark so last leg can be possibly formed accordingly.
As per Fibonacci sequence the targets are:
Buy between: 0.04315 to 0.02760
Sell between: 0.05788 to 0.08991
Regards,
Atif Akbar (moon333)
ADAUSD forming bullish Butterfly pattern|A good long opportunityPriceline of ADA / USD is forming a bullish Butterfly pattern and soon it will be 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: 0.048211 to 0.046442
Sell between: 0.049584 to 0.052906
Enjoy your profits and regards,
Atif Akbar (moon333)
ADAU19 Bitmex Nxt move!!In bitcoin, we can see long spikes which are liquidating longs and short.
Moreover, it gives an opportunity to earn profit in Alts in Bitmex
Currently, ADAU is in uptrend wait for a reversal and long the position
Target 470 Sats (Double top also)
ADAUSDT formed another harmonic pattern |A good long opportunityAfter formation of consecutive Shark patterns the priceline of Cardano / TetherUS cryptocurrency has formed another harmonic gartley pattern and entered potential reversal zone.
This PRZ area should be used as stop loss point in case of a complete candle stick closes below this area.
We have a strong uptrend line support below the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.04502 to 0.04467
Sell between: 0.04529 to 0.04594
Enjoy your profits and regards,
Atif Akbar (moon333)
ADAUSD is forming Shark | A good long opportunityAfter successful formation of a shark pattern the priceline of Cardano / US Dollar is forming another bullish Shark pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah.
Volume profile of complete pattern is showing less interest of traders here.
But Stochastic is not oversold and strong bearish and MACD is strong bearish, therefore for secure trade I would suggest to wait for MACD to turn weak bearish or for bull cross signal from Stochastic then take the long position.
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: 0.043990 to 0.042961
Sell between: 0.044932 to 0.047016
Regards,
Atif Akbar (moon333)
ADAUSD formed bullish BAT | A good long opportunityPriceline of Cardano / US Dollar has formed a bullish BAT and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04359920 to 0.04331920
Sell between: 0.04426687 to 0.04526911
Regards,
Atif Akbar (moon333)
ADAUSD has formed bullish butterfly | Upto 26% profit potentialPriceline of ADA / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
I have used Fibonacci sequence to set the targets as below:
Sell between: 0.044990 to 0.041982
Buy between: 0.047318 to 0.052961
Regards,
Atif Akbar (moon333)
Cardano Technical Analysis: Bullish Move on the HorizonConclusion for today's Cardano technical analysis: Price successfully testing ~0.045479 provides opportunity for bullish strength in Cardano (ADA).
A Daily time frame (log scale) candlestick chart is used in today's Cardano analysis. Over 9 months of price action is presented which includes price swing downwards that reached a climax on December 07, 2018.
Resumption of bullish strength from a price low of ~0.026675 has been followed by over 5 months of sideways price action. A broadening formation is highlighted on the chart to best capture the side trending price action. The chart pattern ideally occurs in a continuation position and suggests that the trend prior should resume once the pattern is complete (i.e. breakout).
Moreover, the bullish trendline in Cardano that is currently active since December 2018 is marked on the chart and was successfully tested again on July 16 and 17. Last but not the least is a symmetrical triangle chart pattern that is used to put into perspective price action from July 16, 2019 to date.
The symmetrical triangle indicates a stalemate between bullish and bearish strength. Green arrow provided on the chart is used to indicate the trajectory anticipated for resolution outside the triangle.
A break below the 5 months old trendline implies a bearish bias. However, the lower boundary or extreme of the broadening formation that lies below the bullish trendline should be monitored for support.
Price consolidating at support for the formation (~0.045479) could potentially serve as catalyst for bullish momentum and the upper boundary of the formation providing a minimum target.
ADAUSD Possible Head and Shoulders PatternCardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial advise, it's just for me to keep track of my own trading.
Happy Trading.
Altcoins are slowly getting ready for rally. ADA/BTCAfter Bitcoins rally to over $12,000 and BTC Dominance sitting around 62% lot of people experiencing fear of missing out this pump.
What is probably smarter is to wait for a pullback of some sort or period of consolidation, this will give room for altcoins to push higher as well.
We can see a reoccurring pattern in xxx/BTC pairs where most of them sitting below HTF supports, once these supports are broken and tested we can find great buying opportunities.
Making a higher high after breaking support level will increase the probability of this price action pattern.