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Cardanoanalysis

Cardano(ADABTC) to continue selling off?Previous post for Cardano (ADABTC) based on its 4hr timeframe made mention of the bullish channel in Cardano (ADABTC) that captured the meandering price action from July 2, 2018. The 1 hour timeframe of Cardano (ADABTC) is shown in this analysis as opposed to the 4hr in the previous analysis in order to get a better view of price action and the channel. The horizontal dotted blue lines with price at ~0.00002181 marks the point at which Cardano (ADABTC) closed below the lower line of the bullish channel. A breakout below the lower line of the bullish channel does imply further bearish action that should see Cardano continue to sell off. A quick and approximate estimate extent of the sell off can be derived by using the width of the channel and subtracting it from the breakout point at ~0.00002181.
Short
by Coin_Analyst
[ADABTC +5%] Cardano Spectro™ M Bullish Reversal WarningThis is a signal using Spectro™ M First be careful, this is the 2nd bounce from a 1st failed reversal attempt, this is a trade I like because the first wave got leveled and now we might see a double bottom giving us a solid and safer entry point. This is a strong reversal signal since we have every single indicator in Spectro pointing towards the reversal. The blue background is the trend analyzer telling you that we are entering a reversal zone. The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target. As you can see from past trades the clouds can be very precise prediction future price. The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal. The Warning is also turned on, which means a possible direction change. So pretty much we have all signals that come before the confirmation. We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing. From where we are now to the target we can see a 5% profit, if the small correction goes all the way to the bottom of the double bottom, we can fetch a 7.5% profit. Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
Long
by spectertrading
4
Cardano (ADABTC) analysis: Daily tfThe purpose of this post is to have a quick look at the trendline for Cardano (ADABTC). Trendlines are the most important type of chart pattern. The trendline for Cardano (ADABTC) as drawn here on the Daily tf (red color) was breached slightly on May 28, 2018. Price action recovered right after and is currently attempting to continue its bullish momentum. A break back below the long term trendline could see Cardano sell off to about ~ 0.00000605. Point of entry (POE) for a bullish trade is placed here at ~0.00003023 which is considered a safe point of entry than trying to pick a price bottom which can be very challenging. More information on Cardano (ADABTC) is present on my website
by Coin_Analyst
Clear Channel Down on 4HCardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start placing long orders strategically between 0.12 and 0.14. Note: there is an extreme scenario for a Higher High on the cross of the 0.256983 Resistance with the Resisting trendline drawn from the 0.389197 Top.
BINANCE:ADAUSDShort
by InvestingScope