The ADABTC price action might have a reversal soonThe ADABTC weekly chart might have a reversal (continuing the uptrend) at around 700-720 sats which is closed to a support area (in green). If this is the case, the ADABTC weekly chart will show strong bullish signs of recovery as we would be forming a higher low (compared to my previous ADABTC idea - see references). Goguen roadmap for smart contracts is about to be announced and this might be a bullish event for Cardano ADA. In addition to this, important Cardano Basho and Cardano Voltaire progress will also be announced and corresponding development will be started. 2021 might be a great year for Cardano.
ADABTC trade ideas
ADA Cardano Signals oversoldThis is the 1st time Cardano on the weekly has given us an oversold on the MFI.
The stochastic RSI has been oversold since late August.
The issue is that the Bollinger band is opening up and the price will continue going down with it.
Drop below the midline Linear Regression and we could end up at the bottom channel.
My strategy here is to buy in and dollar cost average until the price increases.
Cardano Long Term Drop (October 24th-July 15th 2021)Cardano/BTC exchange rate (October 24th 2020 through July 15th 2021)
Low: 0.00000325 ADA/BTC
High: 0.00000855 ADA/BTC
Here's a bit of my timeline for Cardano through July 2021.
From now (October 24th) until December 26th, I believe Cardano will sink to around 0.00000325 BTC. During this time, it could make a stop to around 0.00000425 BTC around November 21st, bounce up to 0.00000548 BTC within 2-3 weeks (December 5th-12th,) and then continue descent down to 0.00000325 BTC by December 26th finally.
After that, Cardano could move sideways from December 26th 2020 to July 15th 2021, fluctuating between 0.00000325 BTC to 0.00000548 BTC for that time being before next cycle gets going.
Related short term weekly forecast below:
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Cardano Weekly Drop? (October 24th-Nov 1st 2020)Cardano/BTC exchange rate (October 24th through November 1st 2020)
Low: 0.00000744 ADA/BTC
High: 0.00000844 ADA/BTC
As I write this currently, what I see are some moves down. I will post a more in depth forecast soon but we could reach new lows in the next 2 months, from what I can tell.
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
ADA/BTC Turns Bullish? (+58% Potential Profits)Hello Traders,
As we can see here on the daily time frame for Cardano (ADA) on Binance, there may be a potential breakout from the falling wedge being printed since the peak of the large bullish wave. As we can see, ADA had peaked around 1600 satoshi on its last rally. Additionally, we can see an even bullish flag/wedge of sorts forming over the last week or so. The immediate targets for this are marked by the green arrows, around 1100 satoshi.
This coin has printed a higher low (blue box) and broken back above the 10, 21, 50, and 200 EMAs, and is now pushing to break out above the 100 EMA. We have nice, increasing buy volume coming in. The MACD and RSI have also both been rising steadily, adding to the bullish sentiment. As such, I am strongly bullish on this coin.
I am already in a long position for this coin, but a potential short-to-mid term trade setup now could be:
Entry: 900-1000
Support: 750-850
Take Profits:
1 - 1100 (+12%)
2 - 1315 (+36%)
3 - 1525 (+58%)
Share your own thoughts and comments down below. Also, leave a like if you liked the post and follow me for more ideas!
Price at writing: 959 satoshi.