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Cardanousd

Testing the 1D Resistance. Long term downtrend intact.Cardano has crossed the 4H Channel Down to the upside emphatically (overbought RSI = 78.264) and is testing the first Resistance on 1D = 0.1832. 1D is also overbought on STOCHRSI = 100, Williams = -6.422, CCI = 249.9653, Ultimate Oscillator = 71.897 but can still rise towards the second Resistance = 0.2189. In both cases, we expect a test of the lower support levels for ADAUSD, staying short (2 positions) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
BINANCE:ADAUSD
by InvestingScope
2
Downtrend resumed. New Lows ahead. Strong short.ADAUSD broke down after completing an Inverted Head and Shoulders (curve shape) like pattern on 4H (RSI = 39.039) but on a less aggressive manner (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0035). Despite the significant downside potential marked by 1W, Cardano follows a more controlled Channel Down on 1D (CCI = -13.9969, Highs/Lows = 0.000), which indicates that a more violent pull down is imminent. We keep two shorts (latest added at 0.1580) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
BINANCE:ADAUSDShort
by InvestingScope
2
Divergence almost over. New opportunity to short.Cardano broke the 1D Channel Down (RSI = 46.845, Highs/Lows = 0.0078, B/BP = 0.0146) on a highly speculative move led by Bitcoin. I expect this bullish leg to fail under the pressure of the Cup's 0.171237 Resistance and resume the downtrend. In any case 4H remains mainly neutral (ADX = 25.115, CCI = 32.9889, Highs/Lows = 0) showing no signs of further uptrend for ADAUSD. Additional shorts have been added on 0.1580 with the targets intact: 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).
BINANCE:ADAUSDShort
by InvestingScope
Target near. Aggressive downtrend potential ahead.ADAUSD remains on a 4H downtrend (RSI = 24.746), being methodically rejected by the Higher resisting Lower High trendline of the commanding 1D Channel Down (RSI = 24.957). Although the price is near the TP = 0.107614, the bearish pace has been slower than what was expected (4H MACD = -0.006, Highs/Lows = -0.0067, B/BP = -0.0125 and 1D MACD = -0.022, Highs/Lows = -0.0226, B/BP = -0.0458). You can see on the chart that the price remains above the intermediate band (blue dots) of the 1D Channel Down. Based on the 1W Williams = -69.872, it should aggressively cross to the lower bands of the Channel Down soon, with the downside potential high. The December 11th, 2017 low = 0.099141 and 0.078501 (Dec 08, Nov 30, 2017) low are the final stages before the current approach on Cardano is reviewed.
BINANCE:ADAUSDShort
by InvestingScope
1
TP hit again. More aggressive 1D Channel Down continuation. ShorTP = 0.1217 hit, with the 1D Channel Down (oversold RSI, STOCHRSI, Williams, CCI) bouncing off the Resistance line, making a Lower High at 0.171680 and being rejected towards the 1W support = 0.1217, since our last update. The next obvious target on 1W is the December 11th, 2017 low = 0.099141, with 0.078501 (Dec 08, Nov 30, 2017) being the next and last before new patterns need to be modeled. See on the chart however how the price is still above the middle band of the 1D Channel Down hence the less aggressive (almost neutral) MACD = -0.023, Highs/Lows = -0.0287, B/BP = -0.0556, indicating that the downside potential is big. Our TP = 0.107614.
BINANCE:ADAUSDShort
by InvestingScope
ADA/USD pair seems to have no clear direction currently. The currency pair is one of two today’s leaders as it added nearly six percent in the past 24 hours. Cardano seems to feel good as ADA price moves along the green ascending trend line. However, currently, it is in correction. ADA/USD has crossed the support area at $0.2523 and currently loses its positions. Cardano price is still above the Ichimoku cloud meaning buyers are controlling the market. Possible scenarios for Cardano are the following: 1. ADA/USD will develop its decline towards the green ascending trend line and test it. Sellers will have the opportunity to push Cardano even lower if successful. The closest support area is at $0.2387. 2. The currency pair will try to test the closest resistance area at $0.2523. Buyers will have an opportunity to drive Cardano even higher if successful. 3. ADA/USD will stay close to the current level without significant price changes. The currency pair seems to have no clear direction currently. It moves along the higher border of the Ichimoku cloud on the hourly chart. Check more detailed crypto analysis HERE
BINANCE:ADAUSD
by CryptoComes
ADA is coming, have you been naughty or niceHello traders and enthusiasts ! I am "The Real Johny Button", legendary trader from wall street and Goldmans Sack here to express my opinion today ! Lets dive into the scenarios lining up for ADA: Well it has been nice to be shooting some elephants recently. Everyone I hope got some of that last run a month ago, and made more profit on investment than any financial firm could offer over a 5 yr period. So we could be in the correction period. I always look at the chart for the entire market cap to see overall what the hell is going on. On that chart we formed a low bowl shape (CUP) and have come up in 3 waves to complete this pattern...Next would be the Handle if chart patterns exist. So across the board in crypto we have made this climb up, and are pulling back to correct ourselves. This will usually pull back to the 38% FIB level (PINK LEVELS ABOVE), before shooting up for another run to profit, making our Handle. The coloured FIB levels are my estimated measurements for the bounces down to the Pink 38% level before we explode hopefully...these coloured levels I adjust as the game plays out to use alongside indicators to predict reversals. So i like ADA. It has made me rich in the past more than once, as i originally got it at $0.02 last yr. It is looking to create the best profit compared to other coins paired against the USD, it has a good team who is working hard on bringing this together...note; 2018 is the year of showing your cards people, and only true players (products) will be able to do that...all in all though ADA is being traded and is paired against the USD on Binance, so thats a good reason to back it for now anyway, you can trade inn & out fast and easy. So the green lines above are my buy orders. Im going for the gamble, if it gets to them and they trigger. I will be happy to just hit one order...profit is profit, little or large. I dont think it will crash and never recover, it has to much happening this year, but it is always a chance, I will enlist an eject order, and play another day. I expect the MACD and RSI to level out in some small consolidation periods on its climb down, so in later updates it will look really nice to trade. note: Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me. Regards, Johny Button
BINANCE:ADAUSD
by johny_button
10
Cardano (ADA) Corrective Wave, (Quick Trade Idea)While North America slept, Asia was busy taking profits after our insane short term bull run. ADA has currently shown what appears to be a head and shoulders pattern in the 4 hour chart and we are currently holding the 2900-3000 satoshi support. Signals: -Head and shoulders after a relatively long bullish trend -Bearish RSI divergeance -Lack of volume & long legged doji candlestick. signaling indecision. -BTC Dominance rose to 39% as of 11:09 EDT, likely caused by quick BTC drop from the 9.3k levels all the way to 8.8k, meaning alts with lack of stable fiat pairs will suffer. How to trade - Sell at if a candle closes below the 3000 satoshi support level - Note that if ADA breaks under support levels, we will likely see that as the next resistance. Buying points 2600-2780 satoshi range, where previous support has been shown 2400-2500 satoshi level (Strong buy, I currently believe it is unlikely for us to reach that low) Sell Stop If you choose to use a sell stop, place it slightly under each support level. I know many of you are holding for the long term so it will be your decision. Quick Trade Idea If ADA drops 5% under a support line, we will likely see the next candle be a green one, that closes just under the support line. This idea can be used if ADA breaks under the 3000 satoshi mark for a quick 1-5% profit, but you will need to catch the opportunity. Please criticize my TA's so I can improve. Thank's for reading!
Long
by HD1184K
5