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ADA.USDT (Y20.P4.E2.v3).Looking for the next longHi All, Another continuation post, links below. Main points: a) upward pressure in the short term. If you havn't bought in, buy after the break of this trend line and its retest. b) small time frame we have an uptrend c) at the macro level, this trend line can be support as per chart below d) Phoeix on the daily has upward pressure e) Target is based on the harmonic structure which has confluence with the main resistance. Cheers, S.SAri Daily chart Weekly chart, just by a wisker above the main resistance. Needs to hold
Long
by ssari
1
ADA Has Surged More Than Any Top Coin And Still Has PotentialHey friends, hope you are well and welcome to the new update on Cardano. As per my previous idea the ADA turned bullish from the potential reversal zone of bullish Butterfly and recovered more than 14000% and became the most strong bullish coin among top cryptocurrencies. Now the price action has found firm support above 0.786 Fibonacci projection of A to D leg of this bullish butterfly and re-testing this level as predicted. Previous bullish Butterfly idea: Priceline is retesting the 0.786 Fib projection after execution of idea: On daily chart the price action is at the support of up-channel. The volume profile is showing less interest of the traders below the resistance and high interest of traders even below the support which is bit critical but the priceline of ADA has also strong support of 200 simple moving average below the support as well. On the long-term weekly chart the price action of Cardano is trying to breakout the $0.105 resistance level. If this resistance will be broken out then it has next resistance at $0.14. But in case of rejection by this resistance of $0.105 the priceline of ADA has next support at $0.085 then $0.065 and $0.027 respectively. In the meanwhile the priceline is likely to form an up channel and at recently it has bounced from the support. The stochastic also has given bull cross. Conclusion: As the priceline of ADA coin is at the resistance of $0.105 and having previous support at $0.085. Therefore if it will be rejected then there are strong chances that it will be moved up from there because the pric action also has strong support of 200 simple moving average on daily chart almost at the same support level of $0.085. However we can expect that the priceline won’t break down the support of expected channel on weekly chart.
KRAKEN:ADAUSDLong
by moon333
ADA.USDT (Y20.P4.E2.v2).Looking for the next longHi All, *** This is another continuation post (v2), as per my posting methodology is to continue the trading story when its applicable *** If you look at the link provided, I gave plenty of reasons as to when to enter and hence using the same chart, one can see the following held true so far: a) re-accumulation zone is where we expected for the reversal structure to come from; where 0.618 fib level is a likely entrance point; b) the reversal structure is not what I expected at this point; c) we broke the downward channel and found resistance at the first macro fib level, 0.382 (~$0.13); d) if you didn't start buying at the bottom area as per my previous chart stated, then you should have got in the pull flag as per this channel breakout; e) I have the next target and strong resistance at the WR weekly resistance level which equates to the next fib macro level as per chart. Major target $0.20 to $0.23 as per weekly chart Please give me a tick or like for this post. Regards, S.SAri (A and Z charts) 12 HRLY chart Weekly chart Yesterday, another perspective. PREVIOUS POST
Long
by ssari
1
Cardano to retest $0.095Cardano - Intraday - We look to Buy Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Trend line resistance is located at 0.0950. We look to buy dips. Dip buying offers good risk/reward. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. We look for a temporary move higher. Our profit targets will be 0.0942 and 0.0948 Resistance: 0.0920 / 0.0940 / 0.0950 Support: 0.0910 / 0.0900 / 0.0890 Signal Centre
Long
by Signal_Centre1
1
ADA.USDT (Y20.P4.E2).Looking for the next longHi All, I'm not going to add TA commentary on this post, as the chart does a good job. Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib. If you missed this, its not too late, looking for the next opportunity, it should come in this structure. Note, most reversals create a bottom structure and the question is, what will it be? Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area. Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL. Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below. As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA. Please give me a like or tick for this post. Cheers, S.SAri ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ PREVIOUS POST ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level. on the Daily, its a different story. Potentially SP500 reversal\bottom
Long
by ssari
5
ADA.USDT (Y20.P4.E1.v2).Looking for the next long ** A continuation of the previous post, link provided below ** Hi All, Just a reminder: Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold. So what we are seeing is a likely ABC correction. We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post. With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post) ======================================================= If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips. Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone. If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below. For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely. Note the hidden bullish divergence with price and the RSI Please give me a like or tick for this post. Regards, S.SAri Current SP500 chart, wedge formation with a bullish div. in the short time period BTC\SP500 correlation My thoughts on the US dollar BTC chart PREVIOUS POST:
Long
by ssari
3
ADA.USDT (Y20.P4.E1).Looking for the next longHi All, Keeping this short with the following justifications: a) On the Day Chart:LUCID SAR indicator along with the Phoeix indicator with downward pressure; b) The current fib level of 0.5 has confluence with the 200 daily EMA. Looks like a bear flag at this level as well; c) Stochastic still on the bottom along with the RSI ranging the bottom; Still looking for the bottom is in; Regards, S.SAri 2 DAILY Chart: 8 HRLY Chart: We have 2 levels as strong support or this band if you want to call it.
Long
by ssari
6
ADA.USDT (Y20.P3.E5.v3).Looking for the next longHi All, *** This is a continuation of the previous posts *** OBSERVATIONS: =============================================================== 2 Day, Weekly and Monthly charts below; 1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support; 2) Funnel formation\structure at the macro level; 3) Daily chart shows reversal signs on both the structure and indicators; 4) Daily shows we have the 21 ema resistance; 5) 2 Day indicators shows the following: > Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year; > KDJ is more responsive than the MACD and is showing signs of a reversal; > 2 Day candle stick is bullish; > Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon; 6) Weekly chart shows the following: > Large rejection wick to the downside from the MR (Monthly resistance level, now support); > Rejection form the weekly resistance level; > 21 weekly EMA has confluence with the Monthly support; > Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line; 7)) Monthly chart shows the following: > Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month. > Resistance was and is the previous monthly resistance; > Monthly candle is less than half the previous candle, showing momentum coming back; THOUGHTS: ================================================================= If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal. ADA is one of those coins that you should have going long; Next year has many things going for it with many developers having interest on this platform; Daily chart: 2 Day chart: Weekly chart: Monthly chart:
Long
by ssari
1
ADA.USDT (Y20.P3.E5.v2).Looking for the next longHi All, *** This is a continuation of the previous post, link provided below. *** Note: Log settings are not enabled on this chart. I have come across the LIVERMORE Speculative Chart just today and it seems many of the ALTs are doing this in some form or fashion. I have yet to spend much time on learning all the details to this strategy. So my first attempt is on ADA. The LIVERMORE base structure starts off with a accumulation cylinder with a widening mouth, just like ADA here. The 1,2, 3, 4,5 ,6, 7 what I understand usually aligns with the Elliot impulse with 6,7 corresponding to a ABC correction. So I have given the background to this approach and now its now a matter of waiting for a bullish reversal to jump in, if this is to be true. Lets see if I have interpreted this correctly. - I have both indicators over into the reversal area of the stochastic, phoeix and RSI indicators on the daily; - I have price action on a trend line (support) as well as a fib level; If ADA is to do what is on this post, then its likely BTC will be defended here and no new lower lows. ADA might wick down a little lower with a acceptable deviation for this chart structure to work or be true. So might BTC. Below is a high level overview which I believe could align with the Livermore strategy. Regards, S.Sari Overview with key levels on the fib as resistance which also equate to targets. Aligns well with this strategy, if its true. PREVIOUS POST to this topic
Long
by ssari
1
Watching for Smart Money in the Daily Perspective for ADA/USDHello everyone, Hope all is well. Thought I would expand on the topics yesterday by looking at the daily perspective of ADA/USD. As I am looking wide and starting to hone in. The recent uptick causes excitement for some life. It is important to layout what is ahead of ADA. Where are the decision points for smart money. To help people plan on important price point battles on either direction. What did I do: • Drew horizontal rays for resistances/supports • Drew date ranges Setting: I will be pointing out the different resistance/support lines in order by date as we saw a descend in the market from ‘18 and on. Makes it easier for me to report it. January 4th, 2018 – Resistance $1.39 May 3rd, 2018 – Resistance $.3878 July 18th, 2018 – Resistance $.1963 Dec 7th, 2018 – Support $.02704 June 26th, 2019 – Resistance $.1070 March 13th, 2020 – Support $.01801 July 7th, 2020 – Support $.1070 Test: Our nearest test is to the test our support of .1070. As ADA has made the recent jump to turn the resistance level into a support level. Some encouraging signs. Our next big daily test seems to be at the $.1963 Ideals: Bullish Idea: Healthy support bump from .1070 to give confirmation of its support. Then attack round figures in similar fashion that ADA did between March 13th to July 7th. Bearish Idea: Failure at this support would cause a fear as it would need to find a new support. There support is at the 1-2 cent range as they show reversal in direction of the trend. As always, I am only a small prey in this jungle. History will help us prepare for the future. Happy Friday! Enjoy yourself, take a walk, read a book, drink a beer, enjoy family or friends or hobbies.
by ReReckles
1
ADAUSD formed another bull flagHi friends hope you are well and welcome to the new update on Cardano. The ADA coin has two major events one is at the end of this month and other one is in next month. First we have the Shelley hard fork on 29th of July and the next event in my point of view is more significant and that is the 1st stacking rewards on August 18 2020. A big bullish harmonic move: First of all, I would like to recall my previous idea that I posted on 24th March when the Cardano coin completed the final leg of bullish butterfly pattern on the monthly chart. And as per Fibonacci sequence of bullish butterfly, I predicted by buying in sell targets and so far it has produced more than 470% bullish rally. So congratulations to the people who bought the ADA on my call but do you remember the information I am providing here is only for educational purpose. An up channel: Now if we switch on the daily live chart then the Cardano is moving in an up channel. From 9 July to 17 July the price action broke out the resistance of the channel for some time but while re-testing the previous resistance as support the priceline failed to retain the support and re-entered in the channel. The bull flags: Now if we switch on the small time period four hour chart to take a more closer look on the movement of the price action. Then it has formed a pennant and after hitting at the support of this pennant the price action is moving towards resistance. And if we switch to the daily chart then this pennant will seem to be another bull flag as the Cardano is already forming different flags on the daily chart during this strong bullish rally. The SMAs on 2 day chart: If we place simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then it can be noticed that as in my previous article I was expecting that the 100 simple moving average will soon form a bull cross with 200 SMA and now this bull cross has been formed completely. Conclusion: On the long term if the price action will be able to completely cross up the 0.786 Fibonacci projection of A to B leg as I have defined on the bullish Butterfly chart on the monthly time frame. Then we can observe more powerful move than the previous one. However, we should set our stop loss at the support of an up channel where the price action is moving on the daily chart to minimize the risk factor.
KRAKEN:ADAUSDLong
by moon333
3