CARDANOADA
Cardano Upside potentialCardano (ADABTC) is in consolidation following the rally it made last week.
If the rally continues we can expect price to reach the resistance level around 0.00005.
If price goes down, the next support level is just below 0.000035, which coincides with the ascending trendline.
If the support and trendline are broken, we can expect price to go down to the next support area around 0.00003.
Good Luck,
CryptoTrendline
ADA (Cardano) potential drop and entryOn 4H chart, ADA sorting out bearish divergence and we expect this to be Elliott Wave 4 that ends around 2780 - 2800 satoshi levels.
We are not interested in buying Cardano before that level is reached.
We advise everyone to use laddering and start to ladder your orders in from 2900 till 2780 satoshi levels, then sell in wave 5 landing zone between 3705 and 4060.
2780 satoshi levels is previous resistance point that got broken 5 days ago without even testing it once.
Always remember - previous resistance becomes new support and broken support becomes new resistance!
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Any questions? Want to get these ideas first? Feel free to DM.
Have a nice day!
ADA wants to step up to the base! Does he have the balls?Hello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and Goldmans Sacks here to express my opinion today ! Lets dive into the scenarios lining up for ada:
Well this has been a funny end to a push across the market. It was lining up to be a nice 12345 Elliot wave on all coin charts just the other day, but something or someone played a trick on everyone and we have entered a big consolidation, yet to finish our wave 5 on all tokens within crypto. We only just punched over FIB level 61.8% sht! Could be manipulation but I will leave that to the other publishers to discuss.
Working on the 4hr chart we go fishing again...any fishys producing a nice pattern on my MACD...on my RSI...on the charts...I have a bite.
Ada has produced 3 tops on the RSI and MACD indicators, overbought and is a good sign there needed to be a reversal...and we got that. It has made 2 big, nice lows on the MACD, and some sharp action on the RSI. I am looking for 3 big waves on the MACD to look at trading back into the market. I will line that up with a TD sequential indicator, have an eject price in mind, and at that point i will enter if it all looks dandy. There are scenarios though...posibilities on what may happen, and what may not go my way.
Now we have entered a consolidation, do we go up or down? The scenarios im looking at are that we didnt complete the wave 5 properly across the markets charts, so i have a feeling we still have that last push up left to come. If this was a consolidation to move up, than on my visual above we have 2 possibilities i believe, which i will trade on:
1. Green line shows that the; MACD has made 3 lows, we make the wedge, hit the green lower line...and than we blow upwards in a day or so...wave 5 on the way
2. Pink line shows the first low on the MACD wasnt a low count; the price drops to the dotted line, makes a small push to the top of cons. and back to the dotted again...now we have MACD presenting 3 nice lows, and we are blowing up completing wave 5.
...If my reading is to wishful thinking and wrong, than we have:
3. it simply drops out of these lines because of a head and shoulders / double top / manipulation, i really dont give a fk, i just see it going down...down...down...I will hit my eject price level and play again in 1-2 weeks
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
So there you have it, like it or hate it...have a eject price in mind always!
Regards,
Johny Button
Cardano (ADA) Corrective Wave, (Quick Trade Idea)While North America slept, Asia was busy taking profits after our insane short term bull run. ADA has currently shown what appears to be a head and shoulders pattern in the 4 hour chart and we are currently holding the 2900-3000 satoshi support.
Signals:
-Head and shoulders after a relatively long bullish trend
-Bearish RSI divergeance
-Lack of volume & long legged doji candlestick. signaling indecision.
-BTC Dominance rose to 39% as of 11:09 EDT, likely caused by quick BTC drop from the 9.3k levels all the way to 8.8k, meaning alts with lack of stable fiat pairs will suffer.
How to trade
- Sell at if a candle closes below the 3000 satoshi support level
- Note that if ADA breaks under support levels, we will likely see that as the next resistance.
Buying points
2600-2780 satoshi range, where previous support has been shown
2400-2500 satoshi level (Strong buy, I currently believe it is unlikely for us to reach that low)
Sell Stop
If you choose to use a sell stop, place it slightly under each support level. I know many of you are holding for the long term so it will be your decision.
Quick Trade Idea
If ADA drops 5% under a support line, we will likely see the next candle be a green one, that closes just under the support line. This idea can be used if ADA breaks under the 3000 satoshi mark for a quick 1-5% profit, but you will need to catch the opportunity.
Please criticize my TA's so I can improve. Thank's for reading!
ADA - Cardano in Rounding Bottom.Hey , I am back with another Trade Idea.
This time looking at Cardano - ADA. ADA was recently added to another big exchange.
ADA is currently in a Clear rounding bottom bullish pattern, even MACD looks like an perfect rouding bottom.
RSI has strong ressistance at 67 level, which was tested bounced back and few days ago was broken.
MACD is giving Strong buy signal with increasing ammount of buyers.
Hope I made your view on whats going on with Cardano somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update.
ADABTC MOONED!!! Now Its Time to CorrectOk guys,
So, with the news of of ADA being given additional of ADABNB and ADAUSDT trading pairs on Binance pairs, we pumped massive. From the bottom of Wave 3 to the top we had a 25% price gain. We hit a killer Wave 3 target at just over the 2.618 Fibonacci Extension zone of Waves 1 and 2. Now, we will be in a Wave 4 Correction.
As far as I can see, we have already completed our Waves A and B, and my reasoning is that I already count a 5 Wave structure up for wave 3, so the following Wave can't be anything other than our Wave A, and then what I'm counting as Wave B did not make a higher high. We hit a bearish spinning top on the daily where I have labeled our Impulse Wave completion, and this candle signals that the bulls have run out of steam and the bears have taken control.
Now, my target for the base of Wave 4 is the 0.382 Fibonacci Retracement, conservatively. There is a higher probability that we go lower, however the main range for retracement is between the 0.382 and 0.618 Retracement Zone. So we should likely correct here to atleast 2744 Satoshis.
I have given a Subwave count for Wave C, however it is mostly conjecture because we have not had a Countertrend to verify that Subwave 1 has hit the bottom yet. We could already be done with Wave 1 at the posting of this, or we could possibly go deeper. I am not sure at this point. I simply drew it out as an indication of a possible scenario that could be played and to extrapolate where the bottom of the correction could finish.
If you have any questions feel free to ask. I hope you enjoyed my chart and explanation. Always remember to practice proper risk management! And please don't forget to like !!
Happy Trading!!
Bearish Spinning Top Daily Candle:
ADA/BTC Possible upcoming playADA/BTC has been bleeding for quite some time now with little to no retraces and bounces.
We are reaching a an area at which a higher bounce or a full market reset is more likely. Would need to see a confirmation of support in the green zone to determine the entry better.
So far Range of 1500-1000 seem most likely for an entry point, going below 1,000 can push it to a an extremely low point at which it will have to bounce really hard from to push it back bullish.
I expect to see some kinda reversal happening first week of April, would like to see at least a couple of days in the support area, with increased volume to push us back out of it.
ADABTC Bittrex 4H up to 18APR18 Trading Analysis (TA)ADABTC Bittrex 4H up to 18APR18
4H Chart, also works in 1H, at this time the Cardano (ADA) has been floating on SUPPORT ZONE 3 for a couple of days after the RESISTANCE ZONE 1 became into support; the 50,100,200 MA indicator already crossed and is beein moving into an ascending pattern (Blue Arrows), along with a slightly ascending movement on the MACD and RSI (Checkmarks), if this properly explodes would be nice targeting RESISTANCE ZONE 2, but keep always in mind that also may go down. At this time the Market Cap in hovering over the 336 Billions. Good Luck!
4H Chart, también funciona en 1H, en este momento el Cardano (ADA) ha estado flotando en SUPPORT ZONE 3 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en soporte; el indicador 50,100,200 MA ya cruzo y se está moviendo en un patrón ascendente (flechas azules), junto con un movimiento ligeramente ascendente en el MACD y RSI (Checkmarks), si esto explota correctamente, nuestro target estaria en RESISTANCE ZONE 2, pero mantenga siempre en tenga en cuenta que también puede caer. En este momento el Market Cap se mantiene sobre los 336 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
You should must know this Before you miss cardano Bus ( ADA Btc)hey guys
I'm analysing ada cardano scince long time its formed bullish pennant chart pattern and my self I got enter in it when it got breakout from that bullish pennant
I have no plane to sale this strong 3rd generation crypto coin until I get 200-300% from this gem
roadmap update coming soon and its got 87% correction scince its last ath
its a worthy play to buy at this breakout
accumulation Zone 2100-2400sat
first target 3100sat if your a short player
target 4200sat
target 6000sat for Long Run (3-5months)
note= targets wont achieve overnight or 1-2 days it needs Hold and we shouldn't fear to buy at this dips after 87% consolidation hold it and enjoy the real profits
Good Luck.