Cardanousd
ADA double bottom, false breakout, symmetrical triangle!Hello traders,
We are looking at the 1 hour graph of ADA.
As we can see, the graph is forming a double bottom within a symmetrical triangle. Which could signal a reversal.
Furthermore. The power of a double top / bottom can be intense. However, in terms of reliability, more value is generally attached to a head-shoulder formation.
Remember traders, no model is perfect. Fortunately, otherwise there would be no market.
This is not financial advice, I am not an financial advisor.
Make sure that your decision is the product of your own conclusion.
Leave a comment
Thanks.
(my previous analysis were uploaded with private tag, lol)
ADA Waiting for a breakout - Trade ideaHere's a quick look at ADA 2 hr chart. Symmetrical triangles has been playing out very nicely the pas few days and here's an example of a symmetrical triangle that hasn't played out yet. Wait for the breakout.
The idea is: Buy the breakout from the Symmetrical triangle shown in the chart. Take profits at the level shown in the chart.
Targets:
1. 1.27$
2. 1.37$
3. 1.49$
4. 1.7$
Follow me for daily trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ADA is slowing down, that's ALL! No fear for losing groundHello everyone, Yes we did not form a Higher high on the daily chart to continue uptrend for NOW!, but it's only a small hiccup due to the more consolidations needed for the daily chart. I'll go to the point directly!!! Do not be afraid, we are not going to lose the uptrend. the support we have $1.09 is a a very strong and massive that will hold the bears, in case that was a retreat it will be between $1.02 and $1.09 back and forth until we form a descending wedge that will eventually breakthrough upwards towards the $1.38.
If the wall of 1.09 hold witch I believe it will, we are going to have a sideways trading between 1.09 and 1.18 until we have a narrow squeeze between 1.09 and 1.12 and breakthrough will happen upwards towards 1.38 also.
Friends, without going into a much details, on the hourly chart we are in very good shape, we are trading below the EMA200 witch is good for uptrend setup, on the daily chart we are away a bit from the EMA200 but remember ADA has no resistance seen in the near future, in fact the road is open for more growth from here.
We have a 3 major support that I can't see the bears can go through, 1.09 ; 1.02 ; 0.95 and 0.77. each one of them has billions of shares bought at that level. in Conclusion ADA Cardano still have the most profitable setup in the near future than many coins.
Please trade at your own risk....
ADA To the Moon or Finally Going to Retrace? I have a bullish sentiment on this coin ( and the cyrpto market in general;). However, applying 6 years of trading experience over the market, I try to remove my internal motivation and biases in an attempt to look at the charts with a more objective mindset. Stripping away person expectations and reading it as it is..... The outcome? Well, I'm still bullish. However, I talk about why I think a fall is inevitable but also healthy.
Option one: Trase as support & confirm
Option Two: Wait for a fall and look for critical zones + fib for reversal loading zones.
ADA CARDANO The road to $2.00 ????Yesterday we had a higher high on the daily chart, if we end the day today with another higher high, ADA must rise above the 1.22 than we have a confirmation for the super uptrend and the road to $2.00 just began with almost 70% upside gain. That's huge gain. Hold your horses as this could happen fast and crazy in the next 2 or 3 days.
This is for educational purposes, trade at your own risk.
Deep consolidation before resuming the uptrend Deep consolidation expected to happen before resuming the trend up towards $1.38.
Here is the support we have $1.1465 ; $1.13828 and finally 1.13163
Trade at your own risk.
ADA Goguen era coming in Q2Smart contracts allows projects to transfer from Ethereum to Cardano, creating good opportunity for projects to save on the Eth gas fees.
If the Alonzo "hard-fork" works successfully, we will officially be in the Goguen era and projects will start transferring over from Eth.
This mean we could seeway more transactions on the Cardano blockchain, increasing the demand for its native coin, the ADA.
There will be a certain fear before major Alonzo "Hard fork".
ADA might retrace to sub 1$ prices after next pump.
In the years-long run, ADA will catch up on ETH and reach 200G market cap.
It might not be as quick as presented here, but it is a certainty that the Cardano team at IOG and IOHK will not stop working until they built the worlds best blockchain!
Undecided what to do?Well, you are not alone, We needs to cross 1.15500 to have the confirmation of a breakthrough. if this is happen, we should expect a rise to 1.22, pull back to 1.18, and continuations to 1.27. Also I should mention that 1.38 in our sights soon too.
Last couple days was , neither Bulls or Bears can decide what to do. Demand and Supply was almost equal, also the descending triangle usually a bearish sign, but one has to win. I believe a breakthrough will happen in favor to the uptrend we had, witch will continue upwards. Hopefully BTC doesn't ruin it for us. lol!!
please trade at your own risk.
ADA rejected twice ADA rejected twice to pass the 1.19 resistance (looks like is not ready yet), I expect a pull back to 1.10. BTC has almost the same wedge formation. Trade at your own risk.
ADA still in strong uptrendADA / USDT
price show :
strong uptrend since beginning of february ..
Potenial ascending broadning wedge pattern
Previous resistance turned now support
Bulls should hold daily candles above trendline support or above 21MA and dont close below to keep continue up
ADAUSD poised for growthADA growth curve adjusted after the recent semi-crash of markets. Its adjusted trajectory might hint at a higher price target than earlier estimated. It remains to be seen if the regained confidence in the market will continue.
At least for now, ADA has regained its position as the third largest crypto asset by market cap.
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This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
ADA bullish trend with consolidation fase in coming to an endHi traders,
We are looking at the 1 hour graph of ADA/USD.
As we can see, the long term trend is bullish. Furthermore, a falling wedge is forming which is a healthy sign.
After a period of increase, consolidation takes place in the form of a wedge. The buyers take it easy for a while and even take some profit again, producing slightly lower tops and bottoms. Ultimately, the buying pressure increases again and the price breaks out of the wedge upwards. The theory is that the rise that follows is the same as the initial rise towards the wedge. We could see this type of price action in the next few days.
Furthermore, Cardano, the company behind the token ADA is confident about reaching a fully decentralized platform on 31-03-2021. Which means that Cardano’s community network of over 1,800 pools will be responsible for 100% of the block production. The previous seems like a huge step forward.
This is not financial advice, I am not a financial advisor.
Thanks.
CADANO DAILY CANDLESTICK ANALYSIS 6/03/21Cardano is still in the buying trend.
In this video you will learn
1) how to check buying trend?
2) what is BUYING THE DIPS?
3) how to find the dip where to BUY THE DIP?
4) CARDANO key levels: where to why and what to look?
CARDANO PRICE- How we entered again PERFECTLYIF YOU HAVE BEEN FOLLOWING YOU KNOW OUR LOVE FOR CARDANO
Ethereum's main competitor (some call it Ethereum killer) took a pause (blame Binance?) and it's on the rise again
In our last idea here you can see how we called the support PERFECTLY .
It's a buy and a keep until something changes...
Take care,
the FXPROFESSOR
ADA short term ADA did well by holding the strong support line of $1.0287, I did buy around $1.05 and sold 50% of positions at 1.19, the other %50 I expect to sell it at $1.27
ADA right now is hovering around the 1.15 will continue to rise to the resistance of the 1Hr support of 1.28 and we should expect a pull back to the soft support of 1.11.
Good luck, Trade at your own risk.
Cardano Update From Buy Zone 1Cardano Update From Buy Zone 1
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Cardano completing Cypher pattern for upto 53% rallyHi dear friends, hope you are well and welcome to the new update on Cardano.
On the daily time frame chart, the priceline of ADA is completing the formation of bullish Cypher pattern and soon it will be entered the buying zone.
this trade has a big profit possibility of 53%, and the loss possibility is 13%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ADA currently in Buy Zone 1 for nice swings back to ATHADA currently in Buy Zone 1 for nice swings back to ATH. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
ADAUSD testing support. Could this be our trend reversal?We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.
ADA/USD possible support and resistance zonesThese zones are merely an indication of where ,in the past, there has been conflicting market psychology. Meaning there were people on the bullish side but also people on the bearish side. This could mean that at this price people take a profit or become less confident in the coin. Therefore we can use these zones with proper knowledge of price action and also an understanding of the current sentiment of the crypto market to make and informed "guess" on the direction of ADA/USD. You should not "expect" the price to do anything , you should merely follow this because it is the most likely outcome based on all the knowledge from price action, market sentiment and an understanding of the fundamentals of crypto and trading. Being "likely" does not guarantee the outcome and I can not even guarantee that it is indeed "likely". Don't be too attached to these lines you draw on a chart. They highlight interesting things, they are not "laws of the market" or something like that.
Cardano to $10I believe Cardano hit its lowest that we will see from this point on. It rejected the previous structure and I believe it was just retracing (healthy price action). With all the new releases and Elon Musk POSSIBLY having an eye on Cardano, I can see much more growth for Cardano and $10 is just being conservative LONG TERM.
Let's See This ... (Cardano) = ADAUSDT I Think The Bulls Are Gonna Win ...
What Do You Think ? Long or Short ?
