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.
Cardanobtc
ADA created new lows as we anticipatedADA created new lows and is now between support and resistance. We could see a bounce right from the median line to retest the previous support and confirm it's flip to resistance. We have a very small bullish divergence on the MACD but it could get invalidated very easy if we fall a little bit more. Except from the price's reaction to the median line there is no reason to consider buying here. The last line of defense could provide us a good buying opportunity if when the price gets there it's at the intersection with a median line and we also have bullish divergence on MACD and RSI.
Cardano (ADA) Bull div, move up possible. Short ready.Due to the bearish market, altcoins are very easy to predict.
Signals:
Bullish Divergence on the 1 hour for ADA as well as 4 hour, indicating support at the current level.
Cardano has tested support many times, having small bounces each time.
Therefore, we long ADA now with a stop loss below the base of ADA. Once ADA hits the red cloud we close our long and consider a short. If the move up does happen and we break the red cloud, consider another long. For now ADA will likely be trading sideways. If you want to play safe, don't long in this bear market.
Targets:
1783 level (+1%)
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Cardano (ADA) Looking for a good short entry, long also possibleCardano has formed a head and shoulders pattern followed by rejection of the trendline and red cloud. If I were looking at the chart alone, I would be shorting, but RSI tells us the rising support at the base, so a long is equally possible. Stoch has room to run too, so at the very least we could be holding the current price.
If this break the white base I believe you should short. I recently got into Bitmex and now I am able to make money in this market way more easily.
Short target at:
1800 satoshi's.
If the long scenario happens, the 1860 level must be broken convincingly for me to go long.
Long target at:
1930 satoshi's
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Cardano (ADA) Bullish Pattern, looks to be a strong buyCardano looks very bullish right now, seems to have tested the base with the head and shoulders, now looking to break out for a 5% profit. This is a strong buy in my book, I already entered at 1834 when my limit order was filled. *My stop is 1864, so if the rally fails I can still rebuy at a cheaper price.
Buy in:
On white trendline if breakout fails, which is likely with the bullish divergence. I already bought some just in case, see note above*.
Sell target:
1963 sat level, around 4-8% gain depending on your buy in.
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PREDICTION:ADA to 0,64 is very realistic,analysis(ADAUSD,ADABTC)Hello everyone
I’m interested in ADA for a long time. Today I decided to make a big analysis and to share it with you guys, let me know what you guys think and if you would like such analysis on another coin. Let’s get straight in to this .
ADA/USD
So you don’t have to be a TA-expert to see that ADA price is very cheap at the moment. So what are the most important things to look at:
-The triple bottom is very bullish, that means that the bulls are strong enough to defend the 0.124 line. This is very bullish because it’s over a longer timeframe. We can see that this triple bottom is created in +/- 2months, which is a very long time in crypto-perspective. We can see that we’ve found support at the exact same levels in the past (March).
-For me the buy zone is between 0.11 and 0.158. we can see a huge support-line at 0.11 (that’s our absolute bottom in my opinion).
-I think this coin is really worth the risk aswell. The first strong resistance line will be at 0.2. the first big support is at 0.11. So that means if we go up, that our first real test is 55% higher than our current position. If we go down, then our first support is at 0.11/ 10% below our current position, so this is worth the risk if you ask me. We have had a 91% correction on this coin, this is bargain!
ADA/BTC
-So here we can see a double bottom, we’ve found support at exact the same price as in March. This shows us that ADA will probably never go under that price again, bulls have decided that this is the absolute bottom. We can see a very strong support at 0.000017.
-The buy-zone for me is between 0.000016 and 0.00001938.
-Taking a long trade is also here worth the risk, the first big resistance is at 0.0000235 ( increase of 26%) and the support is at 0.000017 (decrease of 7.2%).
ADA to 0.64
First of all, in this case, cardano’s-dominance or the weight cardano has on the crypto market is (+/-) the same as on this moment. If we get an altcoin-run, the ADA-dominance could be a lot higher than 0.64.
Calculation:
ADA-domination: 1.33%
total market cap RN: (+/-) 256 billion
ADA-domination to ‘the other coins’: 6.7%
‘other coins’: everything except the big ones (BTC, ETH, LTC, BCH, XRP,… FIRST SIX)
If we see a bull-run like in December, I think this market will be a 1 trillion market. If ADA domination to other coins stays at 6.7%, ‘the other coins’ (which I doubt it, I think it will be higher). Than we the other coins will at least have a 25% domination in this market, if ADA stays that dominant the next price could be at 64 cents easily.
This above is worst case scenario in a bull run. If there comes another bull run, the ADA-dominance will be a lot higher, so will the price. (this was just quick maths in worst case scenario).
summary
The only way is up for ADA!
ADA/BTC - Cardano on the run !My 4 H chart says to me that Cardano may try to recover some ground ! Check it out ! The 13 MA is pointing up making me to believe its on its way to the first resistance level at 1888. If we pass 1888 we just need a hop above 1907 and then we brake the downtrend. What do you guys think about my logic ?
Cardano (ADA) Bullish Ascending Triangle, 5.11 R/L RatioCardano is currently in an ascending triangle, & we have bullish divergence on the 1 day chart. This could be a promising long trade. Get in before the breakout and before the bounce from the trendline, don't pay retail.
Buy in:
1828 satoshis
Sell target:
1875 satoshis
Stop loss:
1820 (Max of 0.43% loss)
Or you can avoid selling if you believe the breakout is imminent. Keep in mind it will not follow the triangle exactly and may go sideways. Long as we have higher highs and the same resistance I will remain bullish. This pattern works well in crypto. Risk to reward is over 5, but will probably not follow the trading plan exactly, so should be used as a reference.
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[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.
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[ADABTC 20% LONG] Trading w/ Spectro™ MThis is a signal using Spectro™ M
The blue background means a reversal zone. After the first reversal zone, you will see the Specter Clouds (green area above price) predicted the price channel 9 days before it happened.
We see many of those "GREEN TRIANGLES" which mean that Spectro™ M confirmed a consensus on more than 20 indicators. So that was a strong reversal, and it was a very good and clean 10% trade.
I've been playing around with this bouncing - it's a fat and nice 20% channel
Right now we are much closer to a strong and old support than any other strong resistance, therefore the upside is bigger than the downside.
We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely if you're trading with Spectro™ M .
Targets around 15%~20% from entry.
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CARDANO OPPORTUNITY!ADA H&S OR IS IT THE CUP, WELL BOTH BULLISH! ADA has bottomed once again, 3 times this month , Ada has generally been one of my profit makers in the last month it has given spikes of 20 percent and above so all this time we were winning on the small bounces but now ADA has a long term bullish trend and is one of the most promising crypto-currencies and projects so far and we can already see other cryptos having a rise like XLM which showed a great pump after Bitcoin made its peak and XLM has usually been followed by ADA as we have experienced before.
So ADA is at the floor but lets see what the technical probability is for it having a spike? Well we have head and shoulders pattern which says that the right shoulder is going to take place soon and we may see a pump to 0.000024 BTC however we can also see a possibility of the cup which can take use to 0.000026 which is a 30% profit from where we are now and that is short-term(1-2 weeks) and for HODLING ADA I would recommend to buy now as the price in BTC and USDT/USD is incredibly low and with the bulls we have back on crypto we may get to our long-term targets soon so lets buy and HODL.
INDICATORS:
-STOCH-MOVING DOWN POSSIBLE DUMP IN PRICE BUT WE HAVE OUR SUPPORT WHERE WE SHOULD GET THE BOUNCE
-EWO-BULLISH DIVERGENCE
-MACD- BULLISH DIVERGENCE
Good Luck, Traders! #moon #mooncommunity
ADA Offers 10% | Come in!Dear CryptoCholics followers, Our latest ADA analysis is online! We won wonders with ADA in our latets analysis, lets see if it continues.
Ada is finding support from strong supportive trend line. So lets put our orders!
Entry price: 2060-2080
Take profit: 2270
Stop loss: 1960
Why stop loss? if this trend line proves to be weak, we need to leave ASAP!
Cheers,
Stay tuned, leave a like and follow us for more :)
Cardano(ADABTC): Three crucial info to keep in mindThe 4hr tf of Cardano (ADABTC) is shown in this analysis and the numbers indicated on the chart are discussed below:
(1) Bearish trendline on the 4hr tf that is established between May 13, 2018 and July 18, 2018. The last pivot used in drawing this bearish trendline i.e. ~0.00002612 is also the same pivot used in connecting a bullish price channel for Cardano (ADABTC) that is discussed in (3) below.
(2) The region between 0.00003070 and 0.00002912 where resistance is anticipated should where Cardano (ADABTC) continue its bullish momentum. Entry into a long position that is not confirmed by momentum if and when Cardano reaches resistance as indicated could result in a potential downside.
(3) Bullish price channel in Cardano (ADABTC) that is established since July 2, 2018. The lower and upper line of the channel both have a minimum of two pivots each, which means that the channel is indeed valid.
Besides, both lines have been extrapolated with the upper line especially coinciding with resistance as described in (2) above.
Another beneficial use of the channel is in projection of the price level to take profit if the risk/reward ratio on the trade is satisfactory and price moves above the upper line (i.e. 0.00003070) of the resistance area.