Cardanobtc
ADABTC quick short opportunity (entry 4D ago)So entry on this trade was posted roughly 60 hours ago.
I’d recommend closing this trade & exiting by end of today — if you do choose to hang on longer, be weary as BTCUSD starts to pick up traction — alts will lose theirs.
TP1: 517s
TP2: 557s
TP3: 571s (SHORT)
Stop @ 479s
Disclaimer:
Trade safely! Use your head and not your gut! Follow the money by following the indicators. Cheers.
ADA = nowhere to fallthe asset looks so there's nowhere else to fall
target = 800 sat
stop - loss = 381 sat
you can enter at current
ADA to 521 sat 1/ascending channel
2/up more than 22% since reaching 396 sat
3/ healthy volume
4/ respecting so far support
5/HH&HL
expecting to test next support line 521 sat
also we need BTC stable with no big pump or dump
Cardano Analysis!! MA Cross??Bitcoin has shown a drop of near 9% even with the bullish Fundamental news. However, it has been making lower highs since July end.
This seems to pump a few altcoins especially those on Bitmex.
Cardano is making lower highs, so there is a high probability it can get rejected after 549-550 Sats which is also a strong resistance.
If it successfully breaks it out then the next target would be around 630 Sats.
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CARDANO falling deeper...ADABTC crossed 20-Months Low.
We can open SELL in Zone after pullback to level 0.00000573.
ADABTC has hit the lowest support ever | Upto 189% expectedThe priceline of Cardano / Bitcoin cryptocurrency has touched the 0.00000570 sats support which is not broken since Dec 2017.
After hitting at support the MACD is turning bullish.
The RSI is oversold and moving up.
Sofar since 2017 the price action is making lower highs therefore I have taken the Fibonacci projection of last high and lowest point and set the sell targets accordingly.
Sell between: 0.00001095 to 0.00001650
Regards,
Atif Akbar (moon333)
ADA SET FOR BIG GAINS IF MARKET TAKES BACK LOSSESWell... Here we go...
Alt-coins are looking primed for a rise but this could easily reject if Bitcoin goes up again.
So always trade with a stoploss and this is not financial advise. A number of coins are looking like this when you open the chart.
Just need that Bitcoin Dominance to come down...
ADA becoming a buy target soon! ADA continues to drop and is fast approaching support
This would be a good spot to test out a long position or if you want to wait, see who it reacts in this area
Cardano next step Cardano is now sitting on previous resistence which is now support. You can se also hidden bullish divergence. I expect an upward move to next resistence area.
#ADA $ADA 4hrblooking bullishTK cross.
Higher lows
Wedge breakout
Huge potential for returns when alt season starts.
ADA LONG$ADA
Looks bullish to me. Nice inverse H&S meme, CCI showing bulls are showing up, closing above POC.
I'd long it to R1 for +15% unleveraged.
Ada LongCardano has been making higher lows from the past few days.
Open long around the range 560-570 as it is forming channel down the pattern and soon expected for break out.
On the other hand, RSI is showing positive divergence.
Hope this plays out soon
Stoploss below 540 Sats
Note- For Educational purpose only not investment advice.
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ADA soon bounceUnless it bounced already, support at 550 looks good for that final bounce. After that 610 - 635 - 660 easy to reach. Hodler's might even sell at 700.
ADAUSD wave idea reformed thanks to a follower.So my analysis on the simple layout was a bit off with wave structure. After a follow pointed it out I decided to post it for everyone. Essentially with the double zigzag idea impulse double correction impulse..is pretty much the idea of elliot structure with wave 3 being the largest followed by a bullish XABCD butterfly if you observe it as harmonics.
With new investors entering, prices are getting a discount. I too have taken advantage of the fall. I ladder my positions every 5 to 10 cents or so since I am in the long term game.
Would love everyones thoughts about Cardano and their projects. Please like and share your thoughts below!
A more in-depth view of ADAOkay i know I've been harsh on ADA the last few days.
Let's look at the positives:
- Falling Wedge pattern (bullish)
- Bullish Divergence
- MACD close to flipping green
- Sell volume decreasing
- Approaching big historical supports
- Slow bleed from 9000 sat ATH to 600 sats
580 sat zone is ideal entry to go long. Can scale in from now though if you'd like.
ADA/BTC - Cardano is a BuyNew Ath, extreme oversold and divergent indicators with a parabolic decline, must correct minimum target 845 satoshi, other targets at the chart.
