Cardanobtc
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.
ADAUSD Possible Head and Shoulders PatternCardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial advise, it's just for me to keep track of my own trading.
Happy Trading.
Altcoins are slowly getting ready for rally. ADA/BTCAfter Bitcoins rally to over $12,000 and BTC Dominance sitting around 62% lot of people experiencing fear of missing out this pump.
What is probably smarter is to wait for a pullback of some sort or period of consolidation, this will give room for altcoins to push higher as well.
We can see a reoccurring pattern in xxx/BTC pairs where most of them sitting below HTF supports, once these supports are broken and tested we can find great buying opportunities.
Making a higher high after breaking support level will increase the probability of this price action pattern.
ADA Macro Thoughts$ADA Thoughts:
Wicked into the 18' yearly low, and found support back above it.
I would remain cautious here if you're bullish on $BTC. We could very well see a double-bottom form around the 830 level. If that breaks to the downside, we woud likely sweep the 17' low.
If you're looking to long, I'd wait on a sweep of the 17' low, or a daily close above the yellow POC level.
ADA/BTC long !Cardano (ADA/BTC) looks really juicy, retesting the strong longterm Support, perfekt to buy the Dip!
This is a high risk trade, so the Position Size shouldn´t be more than 10% of the Portfolio
in order to minimize the risk to 2%. Always keep in mind a strong BTC Pump could kill this setup fast
(Always use Stops in Altcointrading!!)
June 15 Hoskinson promises updates cardanoCardano is in an exciting transition stage. The project has long combined thoughtful product vision with research-driven specification and evidence-based development processes. Still committed to that rigor, we’re now making the jump to a new stage of development where first-ever-in-the-world new capabilities are delivered. The rubber is starting to hit the road.
As we are making this transition we recognize that we need a better way to communicate how Cardano’s 2020 vision is being delivered, and that we should do a better job keeping the community informed about our status against those goals.
Here is what we are doing to accomplish those things.
We are working on the redesign of the Cardano website.
You can see if that)
ADABTC – sweet breakout – 70% gain possible – 1 monthHi Guys!
We have the other delicious trade for you today.
Some of you may already have seen this.
ADA is about to start its rally .
Why?
Here are the technical analysis details :
• The price has touched one of the lowest levels ever at 0.00000940
• Bullish ascending triangle observed – breakout at the level of 0.00001160 (let’s wait till the new 1D bar opens above this level)
• According to the ascending triangle pattern theory the minimum target is at 0.00001433
• Since the beginning of May massive volume/interest observed
• Ichimoku Cloud - the price broke TenkanSen(red) and the bottom of the cloud .
This is bullish .
• Further targets possible
1. 0.00001500
2. 0.00001700
3. 0.00001950 ( 70% profit from the current price level)
So this looks promising.
Stay cool and don’t panic .
Let the price/chart to develop .
Are you in?
Let us know in the comment section.
Thank you for reading.
Hit a like to support.
MASSIVE Hugs!
WBM Team
ADA Price SqueezeQuick TA on Cardano ADABTC,
We see a tightening of the bollinger bands as the price coils within its wedge, signalling a possible breakout. Price has shown stability from the shorter to the longer MAs (50/100/200) in the subsequent days leading up to this squeeze, indicative of a likely break to the upside. Also note, the 50MA (in green) has crossed the 200MA (in red).
Based on support/resistance levels
RR Ratio about 3:1, quite favourable
Short term target breakout levels
1129sats
1217sats
Look at longer time lines to plot this possible bullrun.
There is a trading opportunity to buy in ADABTCTechnical analysis:
. Cardano/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001060 to 0.00000975). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001060)
Ending of entry zone (0.00000975)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001210
TP2= @ 0.00001380
TP3= @ 0.00001510
TP4= @ 0.00001700
TP5= @ 0.00001900
TP6= @ 0.00002440
TP7= @ 0.00002800
TP8= @ 0.00004020
TP9= Free