Cardano, the perfect wave cycle in process! I hardly every like to count 5 waves, but dang it, I'm just gunna do it!
time will tell on this one!
So far it looks like its making the first ABC of the larger degree wave 2!
Comment what you think!
ADAETH trade ideas
ADA/ETH - Cardano - Bullish Rally in Minor 3ADA/ETH has pleased me those who followed by unfolding as I was expecting it, not disappointing.
In fact, it tripled in value, as mentioned in the previously posted "Cardano – ADA/ETH – Bullish 5th Wave" .
Cardano was released recently and it’s looking like “the next big thing”.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Since the time the targets were reached, ADA/ETH dropped like a rock, as expected and signaled to my private followers.
The Retracement unfolded as a Double Three (WXY) pattern, with a Triangle visible in Minute Wave X (blue).
This sell-off would represent Minor 2 (purple) and would finalize at or around the 0.00036 Levels , which I will be watching like a hawk.
Cardano could benefit from the temporary weakness which I am seeing in ETH and BTC and could start a much bigger Rally, one which would lead it towards 0.0040 .
ADA/ETH - BUY Position:
Entry - 0.00036
SL - 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040
Many pips ahead!
ADAETH Short-termThe Elliot Wave pattern shows that, after the ABC correction (Pink), prices will rise again for a while following a 1,2,3,4,5 Elliot wave.
The possible bullish trend is also confirmed by the flag pattern (Teal) seen around the ABC correction. We know that the flag pattern is a continuous pattern. This indicates that after the graph breaks out of the flag, it will resume its previous pattern. Which in this case, was a bullish trend.
Feel free to critique this analysis, as I am still fairly new to this.
possible bullish trend in a few hoursAround 3:30am PST it may break out of the acending triangle and rise for a while.
Cardano Rush SoonIn my opinion after his big dump, ADA is on a good posture to create a strong base above the pivot in a higher price before jumping into a rush if it break the resistance. I entered at .000624 and I place my stop under .000595 (Risk of - <5%)
I'm working entirely with the ethereum because bitcoin is just a speculation tool. Therefore it's very unstable and not at all sustainable.
I would really like constructive comments to help each other ! See you soon in cryptoworld :)
(PS: Sorry for my english I'm trying to do my best ..)
Updated ADA 2nd wave Added more info confirming the 1st wave and correction, as well as my prediction for the 2nd wave. All input is welcomed Let me know what you guys and gals think.
ADA possible downward contiuation - low end target 0.00035 ETHADA has kept above the key 0.0005 ETH support today and could be looking at a trend reversal if the price breaks out above the downward wedge. If that doesn't happen it seems that the price is likely to drop below 0.0005 based on the current trend. The next downward target would then be the support line at 0.00035 ETH. This would likely be a good entry point to go long for the next few weeks.
I wouldn't recommend entry at this point until a fairly well sustained trend reversal is seen, however relative to long term movement this is still a potential entry point.
Clearly beginning of Elliot impulse wave 2After a dry period, there was in my opinion an impulse wave, followed by the correction and now what at least im my limited experience appears to be the start of the 2nd impulse wave. opinions good or bad are welcomed to assist my TA ability's.
ADA / ETH **What do you think**
Hello traders,
I believe Cardano is a good long and short term investment base on thier project, team, maketcap, rank on the crypto market and the purpose of their coin in the industry.
Let me know what you think ? Even if you disagree and why
Happy trading,
Darwin
ADA HODL TO THE MEWNBasically we are at a very strong resistance level for ADA, and are about to hit wave 5 very soon. Buy now while you can ;)
www.tradingview.com
ADA, correction-consolidation-bull flag?on the 15min chart, it doesn't look like a channel as it appears to be tapering in as time moves forward. Descending wedge or bull flag? I'm long on ADA, but open to discussion!
Cardano - ADAETH Could make a move soonPotential end of wave 2 reversal and beginning of wave 3 impulsive move up.
ADAETH - MR VOLUME STORYETH seems to in another consolidation
ADA is still in strong uptrend in daily chart
we have something like eliot wave i'm not sure but it still does not escape trading channel and we have been in really good accummulation period which is show by the wedge at the ground
I think this shit will still go up, sorry but such a strong uptrend.
Thank you.
Cardano – ADA/ETH – Bullish 5th WaveCardano was released recently and it’s looking like “the next big thing”.
Since it’s lift-off it enjoyed a Bullish run and now in a Consolidation which in this case would translate as a possibility to get reinforcements before a Rally would commence.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
BUY Position:
Entry – 0.00056300
SL – 0.00037000
Targets – 0.00095000 / 0.00119000 / 0.00157500
Hombro cabeza hombro en Cardano (?)Hola, soy nuevo en esto de detectar tendencias, y ya no sé si esta es una señal de cambio de tendencia o le estoy viendo formas a las nueves en el cielo. Se agradecen sus comentarios y críticas.
ABC Correction on ADA - CardanoThe ADAETH chart is in the middle of an ABC correction after the 5th wave.
During the previous days the cryptocurrency has been experiencing a huge grow.
ADA Daily Chart with Strong Heikin Ashi Candles BINANCE:ADAETH
Great buying indication from the Daily Chart using Heikin Ashi Candles, Pitchfork, and trend lines
BUY ADA/ETH on BinanceBINANCE:ADAETH
Just bought some ADA today on the 4 hour chart pull back. I mostly use the Daily and Weekly chart but wanted to get in because I think ADA will follow in the footsteps of XRP.
