ADABTC trade ideas
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern
There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend.
Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken.
Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge.
Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel).
Win to lose ratio : approximately 3:1
However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now.
Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
ADAbtc - BinanceCardano vs Bitcoin analyse.
ENGILSH
We've found two possible scenarios for you. One is a more aggressive play and topical yet atm, the other is conservative and rekeing holding with breakdown momentum.
Setup 1, we see here the possibility to flag out in a bullflag. So at time of writing, we are now on the bottom of the pattern on support.
Stops being clearly placed sharply as a result. is a risk-free trading setup, at least loose with a medium possible chance.
The 2nd setup is rather conservative and plays into the cards of a further bitcoin downtrending, which atm also called rieeel. know that these setups can often take time AKA patience. If you also want to follow these trades you can contact our contact us via our site.
Setting 1:
Entery : 3591 of market purchases
Takeprofit : 4208 - 4763 - 5405 - 6881 - moonbag (open profit)
Stoploss : 3347
Setting 2:
Entery : 2253 - 2208 - 1995 - 1745 (1995)
Takeprofit : 3000 - 3590 - 4763 - 5405 - 6881 - moon bag
Stoploss : 1641
*This is not financial advice, always do your own research!
DUTCH
We hebben voor jullie 2 mogelijkse scenario's gevonden.
De ene is een agressievere play en actueel nog atm, de andere is conservatief en rekeing houdende met een breakdown momentum.
Setup 1 dus, zien we hier de mogelijkheid om uit te vlaggen in een bullflag. Bij tijd van schrijven zitten we dus nu op de onderkant van het patroon op steun. Stops kunnen duidelijk scherp geplaatst worden hierdoor.
is een riskloze trade setup hierdoor, minimum los met een medium mogelijkheis kans.
De 2de setup is nogal conservatief en speelt in de kaarten van een verder bitcoin downtrending, die atm ook wel rieeel. weet dat deze setups vaak tijd kunnen vragen AKA geduld.
Wil je deze trades ook volgen kun je contact met onze opnemen hier of via onze site.
Setup 1:
Entery : 3591 of market buy
Takeprofit : 4208 - 4763 - 5405 - 6881 - moonbag (open take profit)
Stoploss : 3347
Setup 2:
Entery : 2253 - 2208 - 1995 - 1745 (gelaagd dus)
Takeprofit : 3000 - 3590 - 4763 - 5405 - 6881 - moonbag
Stoploss : 1641
*Dit is geen financieel advies, doe steeds je eigen onderzoek!
Yooo wheres Alonzo The only thing that worrys me here is I believe BTC is gonna hop back into dominance over 50%. I believe institutions and big company's are going gravitate to Cardano to be woke(on the environment) because thats just the world we live in mannn. Eth also has limits technologically. Cardano does not.
CARDANO AGAINST BITCOIN - MAJOR SUPPORT ZONESTHE LATE DEBATE of #theBword has most definitely affected the crypto space in a positive way.
Smart Money aka Big Corps & Financial Experts such Cathie Woods have finally given us a great debate with Tech Giants; Elon Musk and Jack Dorsey. ( In a time of uncertainty and a lot of MARKET MANIPULATION on the Crypto Industry .)
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ADABTC the price is creating an huge triangle 🦐ADABTC the price is creating an huge triangle and we wait the breakout from the support. IF the price will have a breakout and retest the preview resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HANDADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HAND
We are about to find out if bag holders get massacred or shorters get squeezed to death.
I am holding bags praying.
Pivot point is way to obvious. either way be careful with your positions. Alts can dump another 50% EASY if its down.
This one chart pretty much sums up the whole ALT market right now.
GOOD LUCK FELLOW DEGENS
DEATH OR GLORrrrrrrrrrrrrrry
More clarity on the mid termHello everyone, I hope you are doing great!
I'm here for a new mini update on ADA. As we expected from the last update we have managed to top a little over the target of the big inverse h&s. We have after that retested two times the last resistance now acting as a big support.
On the weekly we can see two big bullish structures forming, a) another massive inverse h&s (black) and b) a big cup where we are forming the handle just right now. In both cases the target is around 9000 sats.
a)
b) on top of the screen.
On the daily we can see a clear bull flag forming, we should confirm the formation if we top in the next few weeks in the area of 4500 sats.
On the USDT side the panorama depends on Bitcoin mostly and the actual bounce (despite its volume) is not very convencing.
The daily showed a breakout of the downtrend (blue) but seems to be a fakeout. We need to see if the support (red) holds. Losing the support at 1.05$ wasn't a good signal. Some people can see it as a capitulation phase.