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Cardanousdt

ADA is being retraced after one and a half month bullish moveIn Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern. RSI had still some cushion to move in oversold zone and moving average convergence divergence (MACD) was still strong bearish, therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed at that time below was the article: As per Fibonacci sequence the targets were as below: Buy between: $0.04315 to $0.02760 Sell between: $0.05788 to $0.08991 As per above targets this trade had potential to produce upto 255% gains. Finally we witnessed that since Dec 2019 to Jan 2020 the priceline of ADA moved up and sofar it has produced up to 138% profit. Price Correction Started After One And A Half Month: If we examine the price action of Cardano then it will be realized that since 1st Jan to 14 Feb 2020 there the ADA was moving up in a very bullish manner that there is not even a single red candle stick appeared during this period even it has broken down all simple moving averages from 25 to 200 during this period every professional trader was expecting a price correction move which the Cardano was not making even with every day the buying volume was more being increased that was a clear indication that bull has completely taken over the bears and they are in charge now. The Moving Averages And Their Bullish Formation: Now if we move one step back from 2 day to daily chart then here the simple moving averages with time period of 25, 50, 100 and 200 have almost formed an alligator’s bullish opened mouth there is only one move left and that is the golden cross between 100 and 200 SMAs once this bull cross will be formed we can witness a new and more powerful bull rally like once it was happned in April 2019 when Cardano gained more than 80% value from $0.5910 to $0.10687. Similarity Of Moves Of Price Action: Now if we switch back to 2 day chart again then in previous move we can see some resemblance with current move when the price action moved up without any price correction from 4TH Mar to 3rd April 2019 and then ADA dropped upto 0.618 (61.8%) Fibonacci level which is considered as ideal drop or retracement among professional traders and Cardano also had a 50 simple moving average support at this leve, and the price action took bullish divergence from this level achieved higher than previous high. This time the price action is seems to be taking the same move as we can observe that it has moved up from jan to Feb 2020 without any correction and now it is being retraced. Sofar it has achieved 1st level of ideal retracement upto 0.382 (38.2%) Fibonacci but this time the ADA is in more stronger position than previous move coz from Mar to April 2019 the price action did not have the 200 SMA support even at that time the 200 SMA moving down from a long distance above the price action but this time we have 200 simple moving average support between 0.382 to 0.50 (38.2% to 50%) Fibonacci level therefore this time there are more chances that the priceline will start upward move after taking bounce from 200 SMA and that moving average this time lies at $0.5492. So most of the professional traders might set this 200 simple moving average as their stop loss and most of the traders may place their buying positions at this level by setting the same 200 SMA as their stop loss. Conclusion: At this time there are two decision making levels one is simple moving average 200 and the other one is Fibonacci level of 0.50 (50%) if the price action of Cardano will be successful to retest these levels as support and bounced from here then we may see more powerful bull rally which will lead to achieve an higher than the previous high but if the priceline won’t be successful in retesting these levels as support then we may see the drop up to 0.618 Fibonacci level which is at $0.04753.
by moon333
💎 CARDANO/USD - Very bullish pattern right here! STRONG BUYHello everybody!🧑🏻‍🚀 If you like this chart THUMB UP!👍 CARDANO shows very strong pattern name "Ascending Triangle". Also we can see Stochastic RSI in the beginning of rising. With a strong crypto market we can see the breaking of the triangle and jumping to the drew level! Good luck! All targets on the chart! ___________________________________________________________________________________________________________ Subscribe to my channel and receive fruitful recommendations regularly! 😎 Here just clear and accurate ideas🎯! Max profit idea in crypto - 20%(BTC), Max profit in stock - 40%. Total profit more 300%. Trade my own funds. Consult privately🎩. Link to table with summary results: clck.ru
Long
by Fandorinn
3
Possible 50% return on ADA CardanoWe see ADA testing the median line of the Inside Pitchfork, but nicely rejecting the downtrend. If ADA can hold above the trend line it may shoot for the median line of the Original Pitchfork for a 50% roi. Possible targets to take profits are around: - 0.063 at the 1:1 extension based of the proposed wave 1 - 0.066 around de negative 0.618 fib level - 0.075 around the 0.382 of the impulse started dec. 2018 - 0.081 around the median line of an original pitchfork and a 1.618 extension
Long
by Fomonacci
ADAUSD forming bearish Shark a good long opportunityThe priceline of ADA / US Dollar cryptocurrency is forming bearish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.040532 to 0.039681 Sell between: 0.041830 to 0.043928 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD forming bullish Cypher | Long opportunity ahead After forming BAT pattern now th priceline of ADA / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 0.040103 to 0.039162 Sell between: 0.040843 to 0.042621 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD formed a bullish BAT | a good buying opportunityAfter completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.038109 to 0.037835 Sell between: 0.038764 to 0.039747 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD forming bullihs BAT | A buying opportunity aheadPriceline of ADA / US Dollar cryptocurrency is forming a bullish BAT pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. I have started buying zone from 0.618 Fibonacci however you can also place your buying from 0.786 to 0.886 Fibonacci for more profit: Buy between: 0.037491 to 0.036445 Sell between: 0.037774 to 0.039190 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD formed a bullish Crab | Upto 43% expectedPriceline of ADA / USD has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets. Buy between: 0.039969 to 0.035704 Sell between: 0.043282 to 0.051293 Regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333
ADAUSD a formation of shark | Upto 225% possibilityPriceline of Cardano / US DOLLAR crypto currency is forming a shark pattern. This time I am watching some confliction between indocators and harmonics, coz as per shark pattern the leg can be more longer from 0.886 upto 1.13 Fibonacci so there is little bit more difference but the indicators from the smaller charts are turning bullish but on week chart they are still strong bearish. MACD is still strong bearish. RSI has still some cushion to move in oversold zone However I have posted the shark pattern as all legs are formed exactly required for shark so last leg can be possibly formed accordingly. As per Fibonacci sequence the targets are: Buy between: 0.04315 to 0.02760 Sell between: 0.05788 to 0.08991 Regards, Atif Akbar (moon333)
Long
by moon333
ADAUSD forming bullish Butterfly pattern|A good long opportunityPriceline of ADA / USD is forming a bullish Butterfly pattern and soon it will be entered in potential reversal zone to hit the sell targets insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets. Buy between: 0.048211 to 0.046442 Sell between: 0.049584 to 0.052906 Enjoy your profits and regards, Atif Akbar (moon333)
KRAKEN:ADAUSDLong
by moon333