🚨 Cardano 3day Doji. (ADA)💰Cardano had a beautiful run up as you can see the smooth buy transition from the Crossover strategy and the ema dots indicators. But now we are seeing a reversal doji.
This doji notice is turning right above a previous high and now will test that high to see if it is valid support to push the market higher. 0.070 cents must hold!
Let the Crossover strategy and the ema dots close below to look for a selloff.
Best of luck to you, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Cardanobtc
ADA/M20 (ADA/BTC) Ichimoku 4H Follow up on Short playAs I said in my previous linked idea it looked like ADA was looking for a retraction and it is now playing out by breaking down into the cloud!
It still needs to validate as marked on the chart with the lagging span ( Purple line ) breaking the Kijun ( Dark Blue line ) to have a better probability.
And to expand on the idea, I set a couple take profit targets with the first at the previous retracement level, the second the bottom of the cloud, the third the last historic cloud support and if that also doesn't hold I don't see why it wouldn't go all the way to test the 200 EMA at take profit 4.
As the M20 is leveraged trading this could be a good setup, but be careful.
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$ADA Continuing to Move Upwards
Looking at the 12H chart of $ADA here, I like the 12H chart just because it's a 1D timeframe but split into two candles instead of one, giving me more data to work with
I signaled entry in my telegram group at 580 sats (bottom of accumulation zone)
From the breakout of the accumulation, which took all year since the 'corona' we've seen new yearly highs
The longer the time spent in accumulation, the more explosive the move upwards just like a slingshot
Very little resistance after that 580-600 sat range which was accumulation turned support
Took profits at 684, 787, and 874 but re-entered at 868 sats
Price looks like it's holding that 787 level very well after getting 1st touch rejected and I think it will continue moving upwards
Currently still accumulating along this 874 sat level before we could see another explosive move upwards
Correct me if i'm wrong, but Cardano staking goes live tomorrow 6/9
1st TP 1015 sats
2nd TP 1149 sats
3rd TP 1318 sats
Will continue to update as this move progresses, I have a bag of Cardano
ADA may display its full value in the next year Cardano is ending is first phase. Will become a fully decentralized crypto next month. The project will show its true colors has it joins more websites like coinbase and others. Eyes will be in Cardano in the next year, has this 3 generation coin marks the future of proof to stack concept in cryptoworld.
ADA/M20 (ADA/BTC) Ichimoku 4H possible short ideaADA/M20 Has been doing very well the last week and might very well continue, but some signs point to a short term retraction.
On the 4H Chart it seems to have formed a small double top and the Tenkan ( yellow line ) broke the Kijun ( Dark Bleu line ) down which points to a short term bearish movement ( right red circle ).
The lagging Span ( purple line ) also gave some confirmation by breaking through the previous prices ( left red circle ).
The cloud is thick though which points to strong support and so we need confirmation by breaking the horizontal 1 Kijun with the lagging span and then we could see it test the bottom of the cloud SSB ( red line ) at the horizontal 2 which is a nice move on a leveraged trade.
This is not financial advice, manage your risk, and trade carefully!
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Cardano Looks Set To Fly Or Fall Out Of The Nest
RSI has just pushed into overbought territory and tinken-san (fast moving average on the ichimoku indicator) is still struggling to rise above kijun-san.
However, the monthly chart reveals momentum is good and with the current weekly candle now trading inside the emerging cloud, IF price can get above the current resistance level (gold horizontal at 9 cents) then a rise of 300% through the cloud region up to the next key resistance at 36 cents could happen quickly.
ADABTC - Hit my 2nd targetADABTC is on fire today, broke the second resistance, and reached my second target, closed my position here, +35% isn't bad.
Let's see if the price will be able to hold around 700 satoshi, it can be a fakeout like last time.
But! Today Hoskinson outlined the plan to launch Shelley update by as early as June 30, so price can continue to rise on this announcement.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
CARDANO HTF SYM TRIANGLE PLAY ADABTC forming a bullish Sym triangle which normally would play out to the upside, however pending BTC action we may see all alt coins take further dumping as BTC pumps.
Currently waiting for confirmation on ADABTC before taking any positions, will be waiting for the break then re-test/hold of either side of the triangle in order to take positions either way.
Play for either direction is below;
LONG PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way up: 590, 620 & final TP at 680
SHORT PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way down: 510, 480 & final TP at 450
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$ADA, Sitting over ~530 sats support in a symmetrical triangle$ADA / #BTC
Sitting over ~530 sats support level in what looks like a symmetrical triangle
Either breakout (followed by volume), should allow us an entry w/ targets at grey areas (610 / 420)
UCTS is signaling downside but wait for confirmation
#ADA
ADABTC Buyer recovery before continuation First of all, congratulations to all who followed my ADABTC call ! 10%+ gains a day keeps the doctor away!
After letting the dust settle, I will only be looking for SHORT re-entries on ADABTC, will be looking for continuation patterns aswell as weak buyer recovery for confirmation in order to make a final decision on the re-entry. IDEALLY we would be looking at a slow & weak buyer recovery over the next few days up to the golden pocket range for Fibonacci between 0.618-0.65 in order to take our SHORT orders for the next leg down.
If bullish buyback seems extra weak, I will be looking to DCA my entries from the 0.5 Fibonacci line upwards to the 0.618-0.65 golden pocket.
TP's on the way down we will be looking at structures to the left, 555, 540, 525 & FINAL TP within 507->500 golden pocket zone of our initial swing low to high uptrend.
If we reach the zone between 507-500 & the zone holds as support I will re-assess to take LONG's from this retracement.
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ADABTC Unsustainable Growth. Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We can find this clean RSI Bearish Divergence here on ADA. With the extremely overbought RSIs of over 80, we can get our first indication of an unsustainable price increase. After we also get the bearish divergence, we get yet another signal the price is about to drop again. I showed a possible short trade on the chart, in order to monetize this scenario.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Cardano ADAUSD Bullish OutlookCardano is consolidating withing an ascending triangle pattern, with a price target of around 0.05$ in the near term. This pattern will be confirmed with a breakout in price and volume to the upside (resistance level between 0.036$~0.037$).
This is not financial advise, it's just my own opinion.
I also like to keep track of my trading ideas.