ADABTC trade ideas
ADA/BTC breaking out and rebounding off a double bottomI AM A NOOB WHEN IT COMES TO THIS AND THIS IS THE FIRST TIME I AM TRYING SOME TECHNICAL ANALYSIS. THIS IS MAINLY FOR ME TO GET FEEDBACK FROM YOU AND TO TEST MY THEORY OUT. TWO INDICATORS ARE SHOWING THAT WE ARE LOOKING AT A POTENTIAL BREAKOUT VERY SOON. PREDICTION
ADA/BTC - Retracement after recent Bullish moveIn the last 10 days, Cardano (ADA) has moved from 1380 Sats to a high of 2110 Sats.
It has retraced against BTC in the last week making Lower-Highs and Lower-Lows.
Looking at 1556 retracement level for the next move
ADABTC Possible scenario We broke out of the descending triangle but finding resistance around 1800. Braking through this level could validate this flag formation.
What is your take on this? Let me know in the comment section!
ADA/BTC Breakout and retestingBINANCE:ADABTC has broken out of its downward resistance and is now on its way to retest the resistance which we should expect to now flip into support
We remain bullish of Cardano in the short to medium term due to the Goguen mainnet roll out.
Enter a long if the support holds and the momentum turns
There are still major millstones for ADA to reach against BTC
Breakout from downward channel?There's a potential change of momentum in short-term which could indicate a bounce to 2100-2300 sats. To confirm this trade we need a candle to close above Ichimoku cloud and the momentum to turn green after the squeeze.
ADA Appears to be breaking out vs bitcoinADA breaking out vs bitcoin is the king going to calm down? Or are alts gonna get punished more?
ADABTC - Potential 20% gainsADABTC – Potential 20% gains
BUY: 0.0000177 – 0.000018
TARGETS:
1) 0.0000152 – 0.0000158
2) 0.0000143 – 0.0000137
Your risk, your reward. This is not financial advice.
Happy trading.
Cardano continues pushexpecting $1.3 to 1.9 for this move once over $1 then $3 to $4
not financial advice
Updated ADA ChartEvery leg up has retraced to the top of the previous high, or the bottom of the lower channel. The next leg up should see us at $1.12 based off the current Bitcoin price.
ADA Open positionADA is moving against btc and will continue to move till the sellers are more than buyers.
This where open trade here and if it falls below the support we close and buy again at the below support for sure.
Targets are marked.
This isn't financial advice.
Goodluck
ADA/BTC: on the verge of breaking out?Looks like ADABTC might be on the verge of breakout out.
This means Cardano will gain more % when compared to Bitcoin.
All my opinion.
Cardano/BitcoinCardano with multiple projects in the works. Implementation of its smart contract Goguen, Cardano would most likely return to its all time high (ADA/BTC) which 2018 was 0.00008779 BTC. With bitcoin currently at $47,000. Cardano should be around $4.13 given it reaches its satoshi value from 2018. If bitcoin continues to rally we can expect to see Cardano at $8-$10.
ADA/BTC Bullish Head and Shoulder breakoutADA/BTC show a bullish head and shoulders breakout.
The first upper target is set by the orange line.
Cardano soon will be updated and become a plattform as ethereum.
Within the next two months Cardano will be fully decentralised.
All this shows the bullisheness of Cardano, ready to takeoff.
