Cardanousd
ADA/USD looking like we may break downOn the ADA/Usd chart we see that it is trading within an intermediate upward channel, but it looks to be trading within a range in the short term between the three black support/resistance lines. The green rays are Fib retracement levels. We are currently at the first Fib retracement level and the bottom of our channel. A break below this should send us somewhere between the 0.067 and the 0.06 levels. This is where I believe we are headed in the short term as RSI, Parabolic SAR and SMI Ergodic Indicator are not showing any type of bullishness.
Bearish Divergence
RSI below 50
No cross bullish cross of SMII
Sell signals from Parabolic SAR
These are just my predictions, what do you think?
Thanks
ADAUSD Possible Head and Shoulders PatternCardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial advise, it's just for me to keep track of my own trading.
Happy Trading.
ADA USD -HOW TO TRADE THE CUP AND HANDLE PATTERNHey Everyone,
Many charts right now have formed a CUP AND HANDLE pattern and are almost at the point of breakout. There is a chance these patterns can fail, if we don't break out from the top of the handle. The safest entry if you are not and ELLIOTT WAVE trader, is on breakout marked on the chart.
WHEN TO BUY
Wait for a handle to form. The handle often takes the form of a sideways or descending channel or a triangle. Buy when the price breaks above the top of the channel or triangle. When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop loss is needed.
PLACING YOUR STOP LOSS
A stop loss is a MUST if the trade does not break out as it should or rejects at upper resistance. A stop loss will get keep you from losing more than you should is the price drops, instead of rallying, after buying a breakout from the cup and handle formation. The stop-loss serves to control risk on the trade by selling the position if the price declines enough to invalidate the pattern.
Place a stop loss below the lowest point of the handle. If the price oscillated up and down a number of times within the handle, a stop loss might also be placed below the most recent swing low.
WHAT IS A SWING LOW
Swing low is a term used in technical analysis that refers to the point where the wave turns at it's lowest on the price or an indicator. A swing low is created when a low is lower than any other surrounding prices.
The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!
This ADA trade currently is consolidating in the handle... BUY the breakout :)
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
ADA IS MED TO LONG TERM BULLISH FOR OVER 100% - CryptoManiac101ADA / USD TA + FRACTALS
Fractals indicate possible bear trap coming up within next week or so followed by secondary leg upward with higher spike ups reaching over 100% from short term correction. We also have overall bullish momentum indication which means that leveraging this crypto in short term is risky however if you're on regular hold, this will perform well over time according to this fractal analysis.
Cardano Ready To Hit My TargetWelcome back!
A while ago I made a Youtube video talking about how ADA was a good buy back at $0.03
From there we havent really stopped going up! Next, I posted a signal in my Discord to buy at $0.06 and a sell for $0.111.
We are getting very close to my target at this point but there is still room to jump in. Prices are currently bouncing off the 50 MA which is always a good sign for continuation.
Prices are currently working on the final 5 wave impulse which could easily overextend beyond my target. Based off my count after we top out of this move we will finish the 1 wave
I will keep updates on how this plays out!
Nice extra 5.4% short on good old ADA!Continuing these shorts against Bitcoin at the moment. My 2021 bitcoin forecast is pretty gloomy but I imagine the alts will be first to head back to non-existent/ pre-2017 levels.
Best regards,
Grey
ADA/USD - 4 Hour chart - +50% PotentialADA has put in a very nice low at the 0.5 fib, completing the wave 4.
if you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
ADA - EXPECT LONG ENTRY ON SOLID BREAKOUT - CryptoManiac101ADA / USD TA
Here we see that all of our pattern have validated. Overall this is very good crypto to trade since it follows clear patterns and validates most of them. We can expect some downward action to continue within our downward channel until we actually have a solid breakout. Long term holders should hold onto their ADA coins as Bitcoin is starting to look more and more bullish.
CARDANO (ADA/USD) - Technically a Strong AreaTechnically a 'perfect' mid-term entry area should be the blue box, there are some lower levels also but this is the healthiest level!
- Different Fibo levels
- Channel trendline should act as a support
- Cup & Handle curve trendline should act as a support level
- EMA's act as the support levels.
- Recently worked price levels (orange lines)
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
ADA IS A GREAT BUY WHILE IN ACCUMULATION PHASE - CryptoManiac101ADA / USD TA
We are looking fine overall on Cardano USD trade. Long term traders should be in this trade, however we don't have any clear reversal pattern besides the enormous accumulation. If we look at current price point, it's very alluring especially in comparison to XLM or XRP and can be considered as an addition to one's portfolio.
There's no clear breakout time frame which we should be looking at, but overall it does seem that ADA found bottom.
CARDANO is gonna skyrocket 18th FEBHey guys, hope you all have been good to yourselves and taking it slow and steady dying months of the bear downtrend.
I believe we are going to enter a sideways trend now for 2019, and it is going to begin very soonish!
18th feb i think we are going to make a bounce which will complete a 4 wave until early March. This is all part of a major wave pattern as seen on the chart here.
Look at the BTC short market, it is trying to make a push back up in a rally to hit its past high levels, but it seems to be struggling now days. It has made a bit of a push, but is also looking to fall around the 18th of Feb which will verify if the cryptos make their move again to bring some needed profits.
ADA is my pick, as I like the project, and it has good gains to be made in 2019 on long swings, and longterm trade positions. Good luck and lets see how this game plays out over the coming weeks.
CARDANO IS GOOD FOR ANOTHER 15% - 44% PROFITCardano looks bullish at this time. Parabolic curve is holding on fine with no signs of weakness. We have high chances of reaching initial target with slimmer chance of getting to final target unless we get another candle to that area which will eventually get sold into. No need to exit your positions at this time.
ADA BIG MOVE ON THE WAY Hello Everyone Hope you are doing good
Here is my another Chart analysis for ADA
ADA recently breaks Symmetrical Triangle pattern which is a good sign for upward move
also we can see Golden cross which is another good sign for us
buy between 1100-1150
Target 1225
Target 1357
Target 1531
Target 1800
SL 1050
Daily Bullish Signal $ADA #ADA (09 Feb 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
ADAUSD - 1D Chart AnalysisAfter it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project.
Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value) but at this stage, the odds are not looking too favorable for the following days.
From the technical perspective, the price has bounced back from the lower standard deviation of the Bollinger Bands but the increase wasn't strong enough to change the trend direction.
On top of this, with the RSI having a neutral position and with the Stochastic registering multiple crossovers but without any major impact, it seems that the price will continue it's sideways movement in this bearish trend.
If the trading volumes will remain as low as we could see it in the last weeks, the price has big chances to continue is decrease towards the level of 0.0361
ADAUSD - 1D Chart AnalysisSame situation with Cardano.
Once the market capitalization has started to recover from the lost ground, it's price has started to increase since the 16th of December from 0.0268$ to 0.0430$ and has registered an growth of 60.44% until now.
But the beginning of the bullish trend was registered on the 17th of December, once the price has crossed the 20 days Moving Average at the value of 0.0334$.
From the technical perspective, we have some contradictions as it follows :
* the upper standard deviation of the Bollinger Bands has been reached, meaning that the price is in the "overbought"" area and a "correction" may come anytime soon;
* on the 21st of December, the price has finished the day at the same value where it started and it has created a Doji candlestick. Usually, the Doji candlesticks are indicating the market's indecision and a possible trend change. It wasn't the case here.
* the Stochastic is close to 80 but there is no crossover yet, meaning there are some chances to see a slight continuation of the uptrend;
* the RSI has recovered from the level of 28 in the last days but is only 61 now, meaning that the increase can go on;
* the trading volumes are not at the same level as 2 days ago but are still increasing;
* the MACD is still above the Signal, meaning that there is still more room for the price to continue it's growth.
In these circumstances, there are reasons to believe that the market is getting close to the area in which it will start to slow down.
This Slow down can be defined in 2 different ways :
1. If the trading volumes will remain the same as in the last 2 days, the price has big chances to get close to the first Resistance of 0.0492$ and then to go down to 0.0399$ which is the Pivot Level (the average price)
2. If the trading volumes will increase, we might see a slow down of the market for a couple of days, followed by another rally.
ADAUSD - Bullish
Resistance levels: $0.080, $0.090, $0.100
Support levels: $0.030, $0.020, $0.010
The price of Cardano is now in a bullish trend; as the crypto's price broke the 12-day EMA and the 26-day EMA. Yesterday, December 19, the price of Cardano made a pullback after it was resisted at the $0.035 price level. The crypto's price is expected at the $0.045 price level but it may face resistance at the $0.040 and $0.044 price levels.
If the price fails to break the resistance level at $0.040, the crypto will find support at the $0.030 price level. However, if the bears break the $0.030 price level, the crypto will resume its downtrend. The Stochastic indicator is out of the oversold region and it is approaching the range above 40%. This indicates that the price of Cardano has a bullish momentum and a buy signal.
