ADAEUR trade ideas
Ada still needs correction ?So here are my thoughts: There has been a real euphoria about Cardano Mary update and a lot of retails bought by anticipation.
ADA now needs a correction and this might not be over yet.
I feel like everyone is calling long because this is what we want to see but there are some real signs of ADA weakness at this moment.
Ada, like every altcoin, usually follows bitcoin. Last hours, while bitcoin price was up 9% (boosted by eth I guess), ADA was only up 2.8%, but as soon as Bitcoin price dropped, ADA followed more than ever.
From my point of view, this looks like ADA is not ready to rise again and may break down soon.
I'm not bullish in the short term.
What do you guys think?
This is not financial advice.
Gimminy Crickets!?Have any of you ever wished upon a star? LOL
Held this thing for a while now. I don't care... Feel free to "Edumacated" me LOL " Oh, well you just do get it!" Story, story, narrative, talk, talk, BLAH... Umm Ok yeah whatever I am still selling. What's next? Would you want to talk to me about Embercoin and oooh how about Dragonchain !? 3...2...1... Gainz LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!"
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
Sell the cardano newsToo much enthusiasm at the moment. People dont understand that DAPS are not creating in seconds, to take anohter 40 bil in market cap wont be that fast. ADA will drop, now it is my setup, where I
see the channel, where ada is climbing from, thext support level is .95 euro cents.
Cardano/EUR Price Action Analysis - New All Time HighCardano/EUR Price Action Analysis - All time high broken as expected.
New all time high is set at 1.23809, however the rejection to push higher, this could be due to people profit taking and also the overall outlook of the market. However, Cardano is getting stronger against its BTC and ETH pairing. This is GREAT news for people holding ADA. Expect more upside movement in the coming days. I expect cardano to be valued around $2 USD end of first week and a strong push towards $3 USD by the end of the month.
ADA perfect entryMight turn into a ADA fanboy...
if you want to go into ADA, This is the perfect entry. we saw a small dip. but when looking at MACD, RSI and the visual patern Morning stars. that trend is ending very soon.
For the future, we might see a 100% grow. When looking at the historical date, In the month that was Shelley released we saw a 100% grow. And we are probably now in the month before Goguen release. so the goal 1.36,-. Market cap is slowely increasing ass wel.
So perfect entry now.
no advice, just my opinion.
Classic Head And Shoulders Forming on ADA/EUR ChartClassic "Head And Shoulders" Pattern forming - Possible bullish-to-bearish trend reversal?
1. After a recent strong bullish trend, the price of ADA hit a high (shoulder 1) and then declined to form a trough.
2. The price rallied again to form a second higher-high (head) at 0.589 before declining again.
3. The price rallied a third time (shoulder 2), but below the first peak, before declining
It looks like the bears could be winning this one. Bulls are trying to push the price upward again, but if they cannot surpass the initial peak ( Shoulder 1) then the bears might take over and confirm the complete H&S pattern.
Watch for any break of the neckline. Breaking downward could send the price back down to 0.4 EUR before reaching support