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Cardanobtc

CARDANO (ADA/USD) Can It Glimb Above The Counter Trendline??!Weekly Forecast! If Ripple' (example) doesn't lose any value in the last week then Cardano' lost around 5%. Cardano' starts to show us some bearish signs, and we are very close to getting some bearish confirmations. Currently, we have two trendlines - short-term down trendline which is pulled from September 1. high and the major counter trendline which is pulled from September 12. low point and this major counter trendline start to give us some bearish signs. Yesterday (Sunday), the price was below the counter trendline but luckily it manages to jump back above the trendline and currently, again, it attempts to break below the counter trendline. The close below the line will confirm bearishness because of the overall trend. The overall trend is down and if the counter trendline breaks (You can call this also a short-term up-trendline) then it will indicate that the current up-trend momentum has gone and we may continue to the overall direction which is downwards. This bearish scenario is definitely on the table if Bitcoin' can't break above the Falling wedge chart pattern and if it doesn't get a close above that. A rejection downwards will pull down the whole market and definitely, as You see on the price action, it pulls down Cardano'! To discuss about both scenarios for this week then we have to get price action confirmations! Bullish confirmations: 1. First of all, we have to get back into the triangle 2. A daily candle close above the short-term down trendline. It will guide us to the round number at $0.8. 3. A candle close above the $0.8 will guide us to the strong area which is at $0.91. Bearish confirmations: 1. A daily candle close below the counter trendline will guide us to the round number area at $0.7 2. A daily candle close below the round number and historically worked support level will trigger the bear market for Cardano' and until the 2018 low there are now significant support levels, so, a close below the $0.7 will guide us to the 2018 low levels! If You want to read our Bitcoin' analysis (visit VaidoVeek profile in TradingView) or If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
by UToday
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . While the RSI downtrend is not broken, bearish wave in price would continue. . The price downtrend in the daily chart is 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 (0.00001160 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001160) Ending of entry zone (0.00000970) 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= @ 0.00001380 TP2= @ 0.00001510 TP3= @ 0.00001700 TP4= @ 0.00001900 TP5= @ 0.00002440 TP6= @ 0.00002900 TP7= @ 0.00003400 TP8= @ 0.00004110 TP9= @ 0.00005080 TP10= @ 0.00006040 TP11= @ 0.00006890 TP12= @ 0.00009180 TP13= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . While the RSI downtrend is not broken, bearish wave in price would continue. . The price downtrend in the daily chart is 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 (0.00001160 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001160) Ending of entry zone (0.00000970) 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= @ 0.00001380 TP2= @ 0.00001510 TP3= @ 0.00001700 TP4= @ 0.00001900 TP5= @ 0.00002440 TP6= @ 0.00002900 TP7= @ 0.00003400 TP8= @ 0.00004110 TP9= @ 0.00005080 TP10= @ 0.00006040 TP11= @ 0.00006890 TP12= @ 0.00009180 TP13= Free
Long
by ForecastCity
Cardano could be next! Cardano along with all the other potential Coinbase listing mentioned coins have spiked after ZRX got listed yesterday evening. After making a higher low, the fast-moving EMA seems to be leveling off and if we can get price to close above this zone, we could see another test of resistance around the 1319 mark. However, volume is missing so far therefore if we do push higher, it would be nice to see a high volume push into supply and possibly break this zone. We see a blue candle being printed, which indicates upwards momentum but we would need this close blue or green to remain bullish. Of course, any news or rumors that Cardano has been listed on Coinbase could see a ZRX-type reaction in price. Thanks guys
by CM_Trades
3
ADA BTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Cardano / ADABTC Are you an investor on the buy-side or a trader on the sell-side? Use the brand new Richimoku Trading System to learn about trends earlier and discover trading signals and alternative data that can be transformed into sharper insights, better opportunities, and more profitable decisions. *Richimoku ( Advanced -2.20% Ichimoku Kinko Hyo with 4 Clouds! ) *Kumo Waves (Indentify divergences, trends, investor sentiment. Know First. Act Faster. A must-have for every trader!) *As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time). You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating... Send me a Message and Feel Free to test the Richimoku Trading System! I'll send you an invite. Study the chart history on all timeframes. Study all details incl. divergences etc. You'll love it :) FAQ. How to access the Richimoku Trading System in tradingview? To access your indicator simply click on “Indicators” at the top of your Chart, and click on “Invite-Only Scripts”. Click on the indicator to activate it. That’s it! Will the Richimoku Indicator Trading System work for Stock and Index trading? Sure! It works on all Forex, Stocks, Indexes, Metals and Crypto's! Does this indicator work with a free TradingView Account? Yes you can use the Richimoku Indicator Trading System with a free TradingView account. Does the indiators work on all timeframes? Yes, the indicators can be used on all time frames!
by Ichimoku_Bonanza
1
Let´s go, CardanoIn this chart you can find the reasons, why I think that Cardano will move soon. We built up a bottom trendline over the last couple of days. If we clone this trendline and put it on top of the last high, we can see, that the resulting channel would meet almost perfectly with a former high trendline (orange upper line) to build a double top. We could also breakout below the lower purple trendline and continue the downtrend, but because of the hidden bullish divergence, a Doji candle and higher lows I´m more bullish than bearish. For trend confirmation it´s recommended to wait until the dotted purple line will break or until a candle fully closes beneath lower purple trendline. But you should also be careful for fake-breakouts below the lower trendline, since market makers often times know where people will enter their trades and where they set their stops. My stop is at 1170 sat. This is no trading advice and these are just my thoughts. It´s a high risk scenario, since we are in an overall sideways market with low volume. In these markets you should set your S/L very tight because price can jump very quickly if market makers enter.
Long
by Tylax-Finances
3
Has Cardano lost the momentum?Hi Guys! My answer is absolutely not. The ADA market turned in a weak performance in the context of a shrinking volume trading but for me this dip is where I can buy more with small discount. Well all what we must have is a patience, with yesterday's low @0.00001225, Cardano is testing that lower boundary again at the moment, so let's see what happens next. What makes the chart interesting is the fact that we have some good fundamental news as Cardano will launch the first ADA Card in the end of the year and Cardano Rust Project that need "to open up Cardano to more developers with an open-source library and encourage the worldwide community to build up this resource." TF: 1D The MACD is trying to break the resistance and make the centerline crossover, it's hard so it will be complemented by significant volume support. The RSI < 50; The EMA lines: 7EMA - Resistance, 30EMA - Resistance, 100EMA - Resistance. Some of our indicators are the worst to open the long-term position, but for me this manipulation at the market not more then MM's game, to acquire as more cheap ADA as possible. I long with $ADA. ENTER: 1200 and lower PT: 1600 and higher GL Traders.
Long
by LudwigStirner
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is 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 (0.00001200 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001200) Ending of entry zone (0.00000970) 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= @ 0.00001900 TP2= @ 0.00002440 TP3= @ 0.00002900 TP4= @ 0.00003400 TP5= @ 0.00004100 TP6= @ 0.00005080 TP7= @ 0.00006040 TP8= @ 0.00006890 TP9= @ 0.00009180 TP10= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is 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 (0.00001200 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001200) Ending of entry zone (0.00000970) 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= @ 0.00001900 TP2= @ 0.00002440 TP3= @ 0.00002900 TP4= @ 0.00003400 TP5= @ 0.00004100 TP6= @ 0.00005080 TP7= @ 0.00006040 TP8= @ 0.00006890 TP9= @ 0.00009180 TP10= Free
Long
by ForecastCity
8
ADA - Resistance wins for now! Cardano tried to continue its run higher but got rejected once more at the supply zone above and came straight down to support dipping inside the demand zone. We have continued to make lower highs past few days and a break of this demand area could lead us back down to retest the breakout zone again around 1160. MACD still remains flat as we await some type of volatility to reappear and RSI failed to reach resistance and looks to be heading lower as we continued to cool off from that crazy run. Again, just like most altcoins, we are waiting to see if Bitcoin can continue its move higher here taking the market with it or will it dump canceling out all the progress we made all of last week. Thanks guys!
by CM_Trades