Cardano 'Short' overviewCardano 'Bearish' technical analysis.
I've been holding Cardano in several month, and the currency has only, at the time, accomplished strong falling 'bearish' results.
I've done some more research and analysis, that i would like to share with you - 'Short'.
- Thanks
BITFINEX:ADAUSD
Cardanousd
Cardano sell the breakdown.Cardano - Intraday - We look to Sell a break of 1.279 (stop at 1.321)
Daily signals are bearish.
Pivot support is at 1.286.
A break of bespoke support at 1.286, and the move lower is already underway.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.174 and 1.134
Resistance: 1.320 / 1.370 / 1.400
Support: 1.290 / 1.250 / 1.200
ADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HANDADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HAND
We are about to find out if bag holders get massacred or shorters get squeezed to death.
I am holding bags praying.
Pivot point is way to obvious. either way be careful with your positions. Alts can dump another 50% EASY if its down.
This one chart pretty much sums up the whole ALT market right now.
GOOD LUCK FELLOW DEGENS
DEATH OR GLORrrrrrrrrrrrrrry
Cardano(ADA) can increase around 8%Hi guys, Cardano had a breakout of descending trend line strongly.
I think we can have a pump in altcoins specially ADA.
For now I expect some sideway and after touching white trend line I think ADA can pump up to mentioned targets.
Your Likes and Comments are the best Thanks u.
Be profitable
Again descending signals
If we look at the situation from the beginning of the distribution, we can have a broader view. If it comes out of the uptrend completely, I think it will most likely touch the price range of 40 cents.
It is also observed in the RSI that there is a negative divergence and promises further decline.
Perhaps he said that 40 cents would protect the price, and after a while of suffering, it remains to be seen which direction the market is more inclined.
Cardano accumulates strength for a strong move 🧨🤯The last few days have seen no strong movements on the Cardano chart. Volatility has decreased and this means that price is building up strength for the next strong move.
Which way this move will go cannot be predicted 100% but the chart shows that price is trading in a local triangle, slowly pushing towards the upper boundary.
If the price continues to squeeze, breaks the upper boundary as resistance and tests it as support, it could be a good opportunity to enter the position, with the targets higher!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADA Buy the uptrend.Cardano - Intraday - We look to Buy at 1.384 (stop at 1.341)
We look to buy dips.
Pivot support is at 1.380.
Trend line support is located at 1.380.
Previous resistance, now becomes support at 1.400.
Our profit targets will be 1.526 and 1.576
Resistance: 1.450 / 1.500 / 1.550
Support: 1.400 / 1.380 / 1.350
ADA CARDANO - Time to Go HIGHER maybe? (and hopefully!)Been waiting for Cardano to rise but Cardano is always like this: testing our poatience and then rises in due time.
Let's hope that Bitcoin manages to help us lift Cardano higher.
After all, ADA has proven to be the right choice since it fails to drop more than the others and to em it's the best option at this stage.
Hope it goes up,
the FXPROFESSOR
PS. RIGHT NOW I AM HEDGED: Short on BTC and LONG on ADA
CARDANO DOUBLE BOTTOM BREAKOUT LONG AT 1.40!Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Cardano (ADAUSDT) is forming a potential double bottom with the neckline at 1.40. If price breaks above 1.40 with strong volume, I will be looking to take a long position. Need to wait for the confirmation before entering.
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ADA Sell the breakdown.Cardano - Intraday - We look to Sell a break of 1.294 (stop at 1.341)
Trend line support is located at 1.340.
A break of bespoke support at 1.300, and the move lower is already underway.
Short term bias is mildly bearish.
Daily signals are mildly bearish.
Our profit targets will be 1.173 and 1.131
Resistance: 1.350 / 1.400 / 1.460
Support: 1.300 / 1.250 / 1.200
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 1.414 (stop at 1.351)
Daily signals are mildly bullish.
Pivot resistance is at 1.400.
A break of bespoke resistance at 1.400, and the move higher is already underway.
Broken out of the triangle formation to the upside.
We look for gains to be extended today.
Our profit targets will be 1.585 and 1.635
Resistance: 1.400 / 1.460 / 1.600
Support: 1.350 / 1.300 / 1.250
Cardano - is approaching an important level !!!🚀🚀After the recent fall, Cardano has formed a local trend line and is currently trying to reach the key level of $1.45. In case Ada approaches this level, 2 scenarios are possible:
1) If the price rises to this level and trades near it, it means that it is likely to be broken and this could be a good opportunity to enter on a breakdown and test this level as support with the above target.
2) If we see an increase in volume when we test $1.45, it could be a good opportunity to go short with a target below.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Check the status of Cardano
After 7,000% price growth in an uptrend
I think the progress phase has passed
And now we are in the distribution phase and it is quite clear that it has been sidelined for some time
Cardano, who was usually calm before the storms and the period of resentment was usually long, should be aware that a storm is coming and I think that storm will be the phase of falling.
If a relatively strong Kendall closes under current support, it can be concluded that the fall phase has begun.
Cardano broke that wedge pattern!!!After a recent drop of more than 30%, Ada formed a wedge pattern. On the chart we can see that every local high was with decreasing volume, now we have broken through the wedge pattern and can come to the zone marked on the chart below!!!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADA, Cardano - growth without volume!!! Wait for the pullback😮On the ADAUSDT we see the formation of a wedge pattern, also the price creates each new high without increasing volume, which means that the price can fall and collect stop losses under this key level of $1.108, after which I would look for an entry long opportunity.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
CARDANO/ADA ViewOn the weekly ADA can be seen to be briefly touching the 2.618 fib, a level it has overcome but has dipped back down to retest
On the Monthly a Bullflag can be distinguished from the low volatility in the past weeks, which is also a good sign for the bulls
Personal bias is neutral on ADA, but this does look very bullish
Above is a chart showing the tight trading range that has been established in the past weeks