ADAETH trade ideas
Cardano sets off massive bull run (ADA/ETH)1 day view of ADA/ETH. Massive upswing in volume accompanying the second breakout above a short-term uptrend. This all comes after ADA fended off the bears well before the recent uptick in the rest of the alt market, too. Just look at the volume in the recent spikes compared to the earlier ATH. I'm going long here, see you at the next stop.
This is for educational purposes only.
Cardano VS Ethereum, How Far UP?Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend.
Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH 0.0028, that is just over 10 times the price of the recent bottom, which was ETH 0.00026. Also, the target level corresponds to the 261.8% Fibonacci retracement level.
The x10 growth is expected during the currently starting wave up and should be the very first upside target. Break above it could send the price much higher, but it yet to be seen if the resistance will be rejected or not.
ADA - Cardano!Possible breakout in Cardano wrt to WTH. If cardano can hold above the Blue line it will rally!
ADA Cardano - Cup & Handle Formation - Observing Observing a C&H formed on the AD.A / ET.H pair. In my opinion, things are a bit complicated now and it's difficult to commit to a trade on a pair that can be so easily turned sideways by other movements (i.e. Bitcoin). Will observe for now. The position I retain in ADA will stay put. Prepared to add for a quick trade if BT.C steadies out.
ADA/ETH Looking for a CorrectionADA is finishing a nice run and needs correcting. Luckily it finds itself in a Rising Wedge - reversal pattern.
OBV is on bear divergence, and it seems StochRSI is preparing for that as well.
Good Luck!
time to shine for Cardanoi dont expect retest from this one, holding some already, hope to wake to some epic gain to exchange it for $WAN
ADA ETH - Ascending Channel + Bullish Elliott WavesHi I'm New here !
I've been Following Cardano (ADA) project since last 4 month, and I've researched so much about it, I very like Charles Hoskinson's visions about blockchain and cryptocurrencies.
Cardano roadmap is updated yesterday and we saw some price action before it's release.
Cardano (ADA) now is on a ascending channel and RSI is in a good condition + good situation on Elliott Waves (Micro and Macro level)
We have a good situation in EMA (50) in comparisson to EMA (200) on 1 hour chart or 4 hour chart and it shows a bullish sign.
I think after month of decreasing price of Cardano we'll see some real action in up coming days.
I'm not your financial advisor and I'm a newbie in TA, So I just shared my personal thought on Cardano (ADA).
Trade safe ;)
ADA - Cardano WishIf only life were this symetrical.
No reason it couldn't happen if the bulls came home to play.
ADA/ETH UpdateADA broke out of a confluence zone and retested March 21 high.
After this breakout, I see EW forming.
First two waves are complete and looks like ADA is working on the 3rd wave.
Strap on!
Good Luck!
ADAETH TA SHORTTERM PLAYpossible scenario:
1. wave b of 2
2. subwave 2 of 3
RSI losing strength, favoring case 1
possible retracement back to 32600-32800, confirmed by breaking of 55 ema
ADA-Break up or down?Yeah I know I have a mess going on here, but it does make sense. The white triangle is our squeeze point on the upper resistence from our ascending support line. However, you can see the red lines just above the white triangle that represents pretty heavy resistence. Our fib retracement supports our current support line though and if you can see it, the 50ma just touched the 200ma (I charted this golden cross before if you have seen my other charts). I also outlined our elliot wave and by my accounts the best entry point was at .000328 and we started over from there. I have placed my prediction points if it breaks up against heavy resistence and placed the new B point if it breaks down to next support. MACD supports a need to go down before going up and so does the stochastic rsi as they are both in the middle (MACD slightly above). Further correction down to my first B point would be optimal for a break up. I think we have to wait and see on this one, but if I called it right now I think the golden cross and the elliot waves support a break in resistence.
ADA Golden Cross ComingI am not going to cover too much here as to why ADA remains bullish and why it should break to new near future highs because other people have already pointed out many important reasons for this. I just wanted to point out that we potentially have a golden cross coming up as well. However, I will add that we should be cautionary at this moment only because we are hitting a resistence level at the same time the stochastic rsi is oversold (not displayed on this chart). A correction back to lower support level in a day or two would be optimal.
ADA/ETH UpdateAfter ADA double tapped and found a bottom at Fib 0.5, it bounced and consolidated a bit on Fib 0.618.
After slight consolidation, ADA seems to now be moving on a slow uptrend towards Fib 0.786.
There will be slight resistance on the solid green line, but once the bulls push through that, we are headed to Fib 0.786.
That is where ADA will prime up for re-test of March 21 highs.
If bulls can push through that, we will see another consolidation between the yellow dotted lines.
Good Luck!
ADA/ETH Fixing to Jump After finally popping out of its Falling Wedge, ADA has been consolidating for a couple days in (what I believe) is a Bullish Pennant - continuation pattern.
OBV is staying strong, and StochRSI seems to be starting a bullish divergence. ADA even has support from the lower BB which usually means it has been oversold. All good signs IMO.
If ADA jumps up and out of the Pennant, it will meet resistance from the dotted yellow lines, and might even consolidate a bit in between.
However, if ADA falls out of the Pennant, it will be supported by Fibonacci Levels 0.618 and 0.5 marked by red solid lines.
Good luck!
Update to my previous chart on ADA/ETHI believe the new volume we are seeing is valid. .000282 is resistence, but .00027 is strong support. All indications show we should be able to break through resistence real soon after a brief pullback and start moving toward the upwards part of this channel. Any thoughts?
ADA/ETH Everything coming together for a breakout.Seems we have everything coming together. The shaded area is my target. We are at the bottom boll band from our large spread out months ago with all three bands coming together. Descending wedge is constricting to a pivotal point, MACD is crossing over and RSI is way oversold. The MACD and the RSI indicate, to me, that dipping below that bottom BOLL band is not going to complete a full descending slope, but breakout somewhere in the middle.
