CARDANO Classic Bullish Continuation
ADAUSD formed a cute head and shoulders pattern on a key horizontal structure support.
The price broke and closed above its neckline this night.
I believe that the coin will keep growing soon.
ADAUSD.P trade ideas
CARDANO (ADAUSD): Classic Bullish Continuation
Hey traders,
ADAUSD formed a cute head and shoulders pattern on a key horizontal structure support.
The price broke and closed above its neckline this night.
I believe that the coin will keep growing soon.
Goals: 0.591 / 0.62
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
$ADA C&H Pattern on the macroTruly absurd macro idea for Cardano's native token $ADA. This price move would realistically take years to play out but, for fun I would like to track it. It is a very messy cup but a very clean handle so, I think it's worth it to track as this represents an 11000% move upwards.
Cardano is really going to have to step it's game up to pull this off, but I believe in the project.
What are your thoughts?
ADA: Still in Pullback Mode Before Potential 66 to 75 CentsHi Everyone! Simply pointing out our lower time frames have been in downward pressure to the point of the Red and Blue Lines in the 8-hour time frame potentially going below level 50. However, the Blue Line in the 6-hour is still fairly high above Level 50; implying it may take a few more 6-hour candles before a potential drop down to $0.52. 6-hour time frame is bottom right of center and 8-hour is bottom right corner.
12-hour time frame:
AQUA TEXT BUBBLE:
Blue Line is still high in the 12-hour. Red Line is still high as well.
We can anticipate the B-Band Basis to hold support the next 12-hour
candle as well. We need the yellow K-Line to rise above the magenta
D-Line in this 12-hour soon.
4-Day, 5-Day & 6-Day:
NOTE: The price action went up to the white/aqua UPPER B-Bands in the 4-Day and 5-Day. We are currently in proximity of the B-Band Basis in the 6-Day with good odds to continue higher to the white/aqua UPPER B-Bands around $0.65 to $0.75 in the 6-Day. Keep in mind the B-Bands in the 6-Day are still contracting (tightening). Which means the price level of the white and aqua upper b-bands will be lower the NEXT 6-Day candle; which begins in approximately 18 hours. Red Line is already above Level 50 in the 6-Day. The Blue Line has a chance of going above Level 50 the next 6-Day candle. The reason I'm mentioning this is because the B-Bands may complete their contraction (tightening) the NEXT 6-Day candle and may level out or begin expanding the next candle after that (two candles from present candle).
15-Day Time Frame:
GRAY TEXT BUBBLE:
I still have concern about the White Energy reaching exhaustion
in this 15-Day time frame and we see a reversal to downward
pressure potentially the next 15-Day candle; which begins 12-Days
and 19-Hours from this writing.
RED TEXT BUBBLE:
Red Line is approaching white level 30 and Blue Line is approaching
white/aqua Level 20. Is there a chance for the B-Band Basis at $0.85?
Sure... but not very good odds during the current 15-Day candle.
Why did I say $0.85 and not $0.89 like it is now? Because the Yellow
B-Band Basis is falling. Which would put the B-Band Basis around $0.85
the NEXT 15-Day candle.
10-Day Time Frame:
PURPLE TEXT BUBBLE:
We still have a fairly good chance of continuing higher toward
the Yellow B-Band Basis in this 10-Day time frame due to the
Red and Blue Lines BOTH being above White Level 30. The
reason I'm not saying white/aqua UPPER B-Bands like I normally
would is due to the current levels of the Red and Blue Lines in
the 15-Day and 3-Week time frames.
3-Week Time Frame:
RED TEXT BUBBLE:
The current level of our Red and Blue Lines in this 3-Week time frame
are what concern me the most. How so? The Red Line is not even
above Level 20 yet. It's not near White Level 30 either; which would
increase our odds of going up from the white lower b-band to the
yellow b-band basis.
The Blue Line currently at Level 2.3 does not help matters either. It's
possible the White Lower B-Band in this 3-Week time frame may be
our ceiling of resistance for a while. Does this mean we cannot see
this 3-Week candle or the next 3-Week candle rise above white level 30?
No, it simply means we will have a difficult time rising up all the way to
the Yellow B-Band Basis.
The next 3-Week candle begins in 5-Days and 18-hours from this writing.
We really need to see the Green Line continue rising; the Red Line rise
above Level 20 and the Blue Line turn up towards aqua Level 10 the
NEXT 3-Week candle.
ADAUSD seems ready to trigger its inv h&s pattern. Measured move should take price action up to retest the 1 day 200ma (in blue) *not financial advice*
TA 2022-08-15: ADA/USDT1. Symbol: ADA/USDT
2. Market: Crypto Futures Trading
3. Position: Sell
4. Advise: High Risk
5. Entry: Wait for confirmation in the white circle zone
6. Take Profit: As shown in the chart
Why is monero behaving like the strongest crypto in the world ?The form of analysis shown in this video is called Relative Strength and helps to identify potential winners within a specific sector. I think the smart money are bidding this up for a strong reason which could most likely be cyber related.
Cardano: small moves to higher groundsAlthough side trading continues for ADA, still, during the previous week, ADA made some short moves to the higher grounds. Those moves were not so significant, but they show that there is still some investor’s interest for this coin, which might gradually lead ADA toward next resistance at $0.6.
ADA started the previous week at $0.5 support line and managed to reach its highest weekly level at $0.56. Buying orders were dominant in a weekly trading, which supported the coin to move to the resistance line. During the week RSI was moving between 57 and 61, which indicates that the market is still eying the overbought side. Moving average of 50 days started its modest convergence toward MA200, but there is still a relatively high distance between two lines. This indicates that the golden cross continues to be on hold.
For a third week in a row, charts are pointing toward the resistance line at $0.6 as the next target for ADA. Whether the coin will have strength to reach it in the coming week will depend on market demand for this coin. On the opposite side, there is some probability that the $0.5 support line might be tested once again.
ADA bear rally to about $1.00It's almost comical how much this cycle looks like the last on the linear chart. Even minor details, not highlighted here, are reproduced. Looks like ADA may rally to $1.00 before falling further below 40 cents. Everyone knows that we've seen bear rallies recently so this is not much of a surprise. This looks too clear to not expect some temporal arbitrage. Maybe it falls short of $1.00 but that's the target.
ADA: Odds Quite High to Continue to 66 to 75 Cent RangeHi Everyone! Simply providing explanation as to WHY the price action has very high odds of continuing higher to the 66 to 75 cent range. Yes, it will take a little time to make it to this price range but this is where it looks like we are heading at present. Yes, it also looks like we are no longer in Distribution and odds are quite high we are in Accumulation. Hope this analysis is helpful.
Happy Trading and Stay Awesome!
David
ADA LONGADA broke out of the trendline. However, we must be mindful with a potential retest if the minor level of the 38% Fib level is broken, we have a high probaility of price heading to the retest level which puts price around the .786 region of the fibs.
Targets is the measurment of the Impulse leg using Fib Extension.
If there is no retest, price can break out of the consolidated area and head to targets.
ADAUSD 13 AUG 2024 0710hrsNotice the high stopping volume at the lower prices. Will have to see how far it carries it. Use the 1 and 4 hour to catch the re-accumulation entry. This is just a big picture capture with main target areas.
Key here was that stopping volume (circled). Looks like they stepped in and started accumulating... Basically, they bought it up where the bag holders sold at a loss. Think about it. Those who bought high couldnt withstand the losses anymore so they were looking for their way out. So SM was right there to buy it all up at a discount.
Pretty simple logic actually.
ADA Ascending TriangleADA form ascending triangle on 4 hour chart.
On 1 hour chart MACD lines also bullish.
Stop loss: 0.519
Target price:0.59
