Cardano Next PushQuick update for ADA. after retracement Cardano get strongly supported around 2$.
Next push could start soon as BB is starting to be really compressed.
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Trade Plan
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Buy : 2.2$ ish (now)
Rebuy : 2$ (Full Buy)
TP1 : 3.30$ (Security TP)
TP2 : 4.75$
Stop : 1.8$ ( if u wanna set it)
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- Follow the King to stay safe!
PS : Special greetings to my friend Trader @bestfarbit74 , because i know he likes Cardano !!
Happy Tr4Ding!
Cardanousd
Cardano falling wedgeCardano formed a falling wedge and successfully breakout yesterday and continued to grow today. I may be a little late with this idea but I will post it anyway. It might be wise to wait for the retest of the support line but I don’t know if that will happen, or Cardano will continue to pump. I personally will not enter the trade if there will be no retest of the support line. Anyway, the target from this breakout is at around 3,10$ or at the previous all time high. Let's see if that will happen.
Cardano- Losses should be limited from now onSince the beginning of September, Cardano is on a downtrend, which in my opinion is in fact a correction for the 1 to 3 move up.
October was a month of range trading and accumulation for this coin
At this moment the price is 1.95 and a new spike down is not out of the question.
Bulls can see this spike down as an opportunity to go long in 1.8 zone, support marked by a lot of highs and lows on our chart and also by 61% Fibo
The first target can be 2.3, but I wouldn't be surprised if Cardano will reach a new ATH in medium-term
ADA/USDT 66 DAYS ✌ADA has been consolidating for the past 66 days and has finally broken out of the descending triangle. As seen in previous patterns, ADA almost always repeats the same pattern.
If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside.
Today we are in a very similar position.
In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there.
On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90
Not financial advice.
Goodluck friends 😁
ADAUSD - The upcoming beastPlease take this chart with a grain of salt.
2 possible paths, yet only one shown.
fib-wise, ada hit the wave 3 of i between august and september 2021, yet failed to reach the 2.0 fib for its wave 5.
will it reach it (i') then retraces or did it truncate its wave i and had a shallow retrace ii?
time will tell!
Please note, that this is NOT A FINANCIAL ADVICE!
Comments are welcome!
ADA (Short Term) Bleed Out Continues
Sideways and more consolidation continues as top coins like BTC and ETH continue to steal the show. ADA remains stuck in long accumulation. ADA could see a test down the 200 moving average around the $1.80 level. I remain bullish through Q4 however ADA is desperate for either a catalyst or an increase in demand from upcoming DeFi projects launching. Until then, I see no reason to close out any longs but be cautious when entering new long positions.
I feel that Its important to remind everyone that ADA is up over 1,000% on the year and a 38% draw down after touching all time highs is nothing more than a symptom of a price discovery phase as the market attempts to set a price for the asset. I see its continued sideways trading as an overall bullish sign and no reason to change any Long DCA strategies.
The market will continue to reward patience.
Sit back. Relax, and continue to keep earning those sweet sweet staking rewards.
ADAUSD LONGLooking at this analysis, we can assume a long position for ADAUSD. The graph is between 0.5 and 0.618 Fibonacci level, an important turning area. On the same time it is bouncing both on a trend line (red dotted line), and on a resistance level, at 1.8210.
Stop Loss: 1.8200
Entry: 1.9542
Take Profit: 2.4924
No Financial Advice.
Cardano (Accumulation/Buy Opportunity).ADA is trading nicely within the Cup and Handle pattern, hitting the bottom of the trendline at the moment.
Expected uptrend (from current pricing) would be nearly 20% increase (top of the rectangle-resistance zone)!
Refer to the linked idea 💡 for detailed descriptions.
Relative Strength Index is trending down, implying a possible (impending) breakout.
Related Cardano published idea linked below:
Cardano upward start-phaseCardano has over time been markedly dull and less expectant, like the other cryptos. This is waiting now! My analysis indicates the chances and levels the crypto follows if it reverses its direction as soon as possible.
I myself hold a great position in Cardano and I expect just as spend as you guys!
Good weekend!
ADA last buyI know some of you were scared during the last 2 days as ADA dip quite considerably. This was a liquidity and stop loss hunting event. You have now the best bargain you could think off. This is a simple chart. As you can see ADA for the last year and half have reacted to the touch of the 200day MA. Well here we go we are excatly flirting with the MA. ADA has been moving slowly and trading in a tight range for 1 month and half. This has been a great accumulation which i expect to result in an upward explosion. If we clearly open and close on the daily below the 200 MA then i will think to exit. For now, if I had more capital i would add to my position. 4.2 should be coming pretty soon.
All the other indicators are showing an oversold condition and also the KST, ChandMO are waiting on the equilibrium line approaching a breakout.
Once again this was just a shake out.
Do not panic.
Cardano-Buy/Sell SignalsBelow is a detailed trading pattern when to buy/sell Ada.
Buy at the up-coming low: between October 30,2021 to November 2nd,2021 (around $1.85). Likely though on October 31st (when trading is minimal due to Halloween celebrations). Possible low sooner:10-28-2021.
Sell Cardano around November 21st, 2021 (if price follows the copied yellow bars pattern from February 09th, 2021 to July 19th-condensed though).
Sell around January 30, 2022 if pricing follows the light-pink bars pattern.
Added is a rounding top (pink curved line) which connects the "tops" of the patterns nicely.
Also added is the yellow boxes, which show condensed trading, on past patterns and also a bullish signifier for the Bollinger Bands.
Another "buy" signifier would be when the relative strength index drops to/or below the 30% marker (around the expected low time-frame mentioned above).
Ada could see another condensed trading period (after the breakout) around February 25, 2022 to April 7th, 2022 ($2.60-$2.30 if trading goes as expected).
The low that is predicted would also touch the green rounding bottom, which follows each breakout from the condensed trading period from pervious trading patterns.
*This should be seen STRICLY as a trading journal, and not any kinda of real trading advise.*
related Cardano published idea linked below:
Cardano (ADA) Update 26/10/21: $4.40 Target🎯Potential 104% GainCardano (ADA) Update 15/10/21: $4. 40 Target 🎯Potential 104% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating around the 78.60% Fibonacci level in the range between $2.04 & $2.35. From the current price action and looking at the momentum oscillators, ADA is in an oversold market condition and we can expect bullish sentiment back in the market. From the current price we expect ADA to push above the 61.80% with a clean break above this level as ADA has failed several times now to flip this critical level into strong support for the next push phase towards $2.60 at the 78.60% fibonacci level. For the next impulsive move, it is important for ADA to establish the 61.80% and 78.60% fibs as levels of strong support.
Our current targets for Cardano (ADA) from the current price level @ $2.18.
127.20% fibs @ $3.67 (67% Gain)
161.80% fibs @ $4. 40 (101% Gain)
261.80% fibs @ $6.51 (197% Gain)
EOY/Q4 Target at the full fib extension 423.60% @ $9.92 (356% Gain from the current price level @ $2.18).
Use Buy Zone to map out your entry. Please see previous analysis below. Happy Trading :)
Cardano Update 22/08/21: $2.45 Target Hit 🎯10% Gain to $2.85 at the 127.20% fibonacci level. Expect a small pull back from the 127.20%, the next target from here is $3.35 at the 161.80% fibonacci level. From the current price level it is a 29% gain to a new ATH at $3.35. Please see previous analysis below. Happy Trading :)
Cardano Update 13/08/21: Next Stop $2.45 20% Gain. Cardano has gone parabolic since the 13 EMA crossed up above the 50 SMA on the 5th August, gaining 53% in the past 8 days from $1.33 to $2.04 showing great strength and momentum for ADA as it looks ready to retest the ATH which is 20% gain from the current price level. The next price target after the ATH is at the 127.20% Fibinacci level @ $2.85 which is a 38% gain from the current price @ $2.04 and at the 161.80% Fibonacci level @ $3.35 (63% Gain from current price). See previous analysis below. Happy Trading :)
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
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.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!! #Cardano #Ada
CARDANO ready?The next move is going to be violent. It has been in accumulation mode for the last 2 months. There is a confluence of resistance above the current level, Hence price suppression. BB are very narrow, which means volatility was very low, and the price is susceptible, which means high volatility is expected in the next directional breakout. It is one of the best entries, in my opinion, in the market right now. The Stop loss is at 1.71 (conservative), 1.8 aggressive. First target 6.7, second target 12.05, last target 20.06.
Another way to play it super safe is to just wait for the breakout above 2.42 before entering.
Cardano (Breakout)Cardano is making measured moves up, with the next move expected to hit the price target of: $3.60 by January 30th 2022. The relative strength index in trending down overall.
Taking a copied bars pattern from: February 09th, 2021 to July 19th, 2021-purple bars (similar R.S.I patterns). Ada could reach the expected price target with a 68% increase from the current price, 94% increase if purchased at the low (around October 27th 2021 to November 3rd 2021).
Cardano could see a condensed and fast rise-seen here as the yellow bars (with the price target reached sometime at the end of November early December).
A general breakout following the green rounding bottom is expected.