Carda-YES!: Cardano finally finds the floor?: A Tech AnalysisHello fellow traders!
Cardano has been steady dropping since it's peak at the beginning of the year. Is this the floor we have been waiting for? Quite possibly friends. Let's look a couple of things on the 1 day chart that make me bullish on BINANCE:ADABTC .
First, notice the light blue channel. Back at the beginning of the rally Cardano had last year, this was an important support level for the run up from 2600 to 9000 satsoshis. The top of the channel held since first contact was made on Feb 20th. If it breaks downward any further, the next support is the bottom of the channel at around 1300 satsoshis.
Next, notice the T.D. Sequential indicator has completed a T.D. Buy Countdown, signalling the lowest risk opportunity to open a position. If we pair this with the oversold RSI level, one could view it as a trend reversal.
Lowest risk opportunity for a buy and an oversold RSI!! We may be in for a wild ride!
I'm a rhyming fool over Miss Lovelace!
As always, have great days or nights, where ever you are.
Trade Safe. Trade Smart.
CARDANOADA
ADA price analysis ( cardano btc price analysis )hey guy if your thinking to buy ada then you better have to wait some more dips its broke below 20 day EMA which is not good sign and also that 100 day SMA line crosses and its stay above which indicate lack of volume and trend
good support and buying zone will be 2700-2900 Sats
note: Cardano is a strong technology currency with very strong community if you buy on good dips then hold it tight expected profit 300% in mid term.
good luck
stay bless.
Watching some ADABTC levelsWhat I'm looking at:
Just bought some ADA at 3100. Set first target to 4000 back in the cradle zone.
Actually I want it to go to 5100! (my real target)
If it's going lower than this support at 3100 I'll update my position ( I'll accumulate some more ADA on a lower price)
Just fun trading. Not advice!
Cardano ADA-Bilance with 1,000% Medium-Long Potential (LOW RISK)Cardano ADA has positive long term potential - RSI with MACD positive
Chart is self explanatory with minimum targets outlined there
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ADAUSDT Bittrex Tuesday Feb 194H Chart, shows in RED LINES the BTC trend. I estimate an Uptrend Channel of about 10º against the 20º of the BTC, a Resistance Zone tested on FEB09 and a TARGET of $0.45, after buying around the green arrow, all these based on the BTC / ETH and Altcoins similar behavior. Good Luck
This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Diagrama de 4 Horas, muestra en LINEAS ROJAS la tendencia de BTC. Estimo un Canal de Subida de aproximadamente 10º frente a los 20º del BTC, una Zona de Resistencia probada en FEB09 y un TARGET de $0.45, después de comprar alrededor de la flecha verde, todo esto basado en el comportamiento similar de BTC / ETH y Altcoins. Buena suerte
Esta es solo mi opinión, haga de ella lo que desee. ¿Qué significa esto? ¡Significa que no es un consejo ni una recomendación comprar o vender nada! Solo se debe usar con fines informativos o de entretenimiento.
ADA going UPLooking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
ADA/USD Goodmorning CARDANO - Lets play with Elliot - Reversal!Hello Trading Maniacs!
Cardano is preparing for an outbreak very soon as you can see on the chart. 5 impulse waves to the downside finished with a nice ending Diagonal Reversal pattern. Shown between the blue dotted line in the right corner. Based on all other coins, who have had this pattern in the last couple of days, did the same as you can see in my other predictions on BTC and VERGE, the Bullish outbreak is imminent! All the targets are marked on the chart. Happy trading and lets make money :)
When you do make money from trading, don't buy me beer or dope, I have enough thank you. Give to people in need, look around you and you will find!
Tomasso
ADA - what a stupid bloody name, baby name. Baby growing up 200%ADA, well well well. huge coin that had massive hype towards the start of the year. The general concensus is that this coin is great, has amazing developers and a very very very well thought out and jam packed roadmap. Lots of positive vibes around the coin, but also do take in mind that they don't really have a lot to offer right now other than a mainnet and wallet. They are trying to compete with ethereum as a platform for smart contracts and dApps, in a market that is already filled with competition, there's no guarantees that this coin will succeed, however the roadmap on cardano looks very promising.
Short term - neutral to bearish. Bitcoin looks like its not finished with correcting yet, cryptocurrencies have largely fallen off the normie radar and are taking a break (quick search on google trend trends.google.com) shows that normie interesting is starting to cool off, in preparation for the next bullrun.
long term - bullish
Buy zone: 2 zones - 0.618 fib retracement: 0.00003690 - 0.00004190
- 0.718 fib retracement: 0.00002286 - 0.00002748
Sell zone: Only 2 in mind. I like mid term targets and dont worry about short term goals.
1) 0.00012000 - 0.00012500
2) 0.00017000 - 0.00017500
Me? I'm going to hold onto this for many years to come :)
Fundamentals: ADA just has regular roadmap updates, They don't really offer timeframes as to when they complete stages in their development, but the closest one thus far looks to be the Ouroboros Staking protocol, which would allow ada holders to stake their coins. This would be massive progress for the coin in general and would serve to be a reasonable catalyst to catapult this coin up to the 1st target for 200% profits.
Technicals: ADA has just completed its 1st 5 waves up of a supercycle up and is in a corrective phase right now. Currently riding between the 0.618 to 0.5 retracement levels right now. ADA looks to be forming a 5-3-5 zig zag corrective pattern and in the C wave thereis almost alway 5 subwaves within that. Something i notice about cryptocurrencies is that they do like their extended 5th waves which leads to me to believe that ADA may not be finished correcting yet and may see the 0.718 retracement region which is why I've provided 2 buy zones.
RSI on the daily is approaching the bearish zone of 30 and MACD looks to be curling up ever so slightly. This shows the that ADA is close to finishing its correction but that's definitely not to say that its out of the woods, because it most definitely isn't, there is still room to correct, but the room to correct is running out of space as we speak.
Using a conservative Fib Extension we target a little more than a 1-1 extension for the 1st target, because Elliot wave theory states that the 3rd wave is often the longest but never the shortest and 2nd target is derived from the final elliot wave targeting just a little above the 1.618 region on fib extension.
I'm still learning TA, any advice on improving my analysis would be GREATLY appreciated. I welcome any criticisms and feedback.
So go ahead and grill me :)
CARDANO ADA BTC PRICE ANALYSYSCardano is a strong crypto coin with strong community team right now market is red and bearish but cardano is at strong support of fibbo from here it can bounce back chances are high, right now the price is 4500 sats try to accumulate between 4200-4500 sat there is roadmap update coming on 05 February we can expect a good short term returns from this coin
targets Short Term
1....6300 sats
2...6800 sats
target for Long term (1-3Months)
1...7400 sats
2...9000 sats
3...12000sats(must be sold at this point in long term Because after uptrend definitely there's going to be downtrend can retrace back to 5000 sats after this point reached)
Good Luck
Stay Bless.
Cardano (ADA) ADA/BTC looking for momentum shift after ABCDE.As ADA continues to retrace, to previous untested levels over time, we look for the end of the ABCDE correction before making a long-term entry.
After the current retracement trend finishes, the market would most likely be looking to reverse the momentum towards a positive-trend after untested levels are supported.
ADA/ETH - Cardano - Bullish Rally in Minor 3ADA/ETH has pleased me those who followed by unfolding as I was expecting it, not disappointing.
In fact, it tripled in value, as mentioned in the previously posted "Cardano – ADA/ETH – Bullish 5th Wave" .
Cardano was released recently and it’s looking like “the next big thing”.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Since the time the targets were reached, ADA/ETH dropped like a rock, as expected and signaled to my private followers.
The Retracement unfolded as a Double Three (WXY) pattern, with a Triangle visible in Minute Wave X (blue).
This sell-off would represent Minor 2 (purple) and would finalize at or around the 0.00036 Levels , which I will be watching like a hawk.
Cardano could benefit from the temporary weakness which I am seeing in ETH and BTC and could start a much bigger Rally, one which would lead it towards 0.0040 .
ADA/ETH - BUY Position:
Entry - 0.00036
SL - 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040
Many pips ahead!