Trying to break from current range, crossing above ~500sats / EMA50 on the 12H chart could unleash it.
UCTS Buy signals on the 12H/1D (and almost every LTF)
RSI trying to reach bullish levels..
I think this asset is due on current Alt market activity
Ada is looking good for now and i will recommend to open a long in it once it breaks out.
Make sure you use trailing stoploss and book profits as per your RR strategy.
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As ADA is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
Looking at BTC on the daily chart
Looking for a AB=CD harmonic objective to the 618
Willy heading into over bought
Histogram looking to roll over
OBV still healthy and hasn't failed yet
Low volume (Whos going to drive the bus?)
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Based on Bitcoin's performance, it looks like Bitcoin should head towards a correction price of $7,000-8,000 which will push ADA and the entire market down. Great time for accumulation (0.035-0.040) than wait as it heads back up.
$ADABTC chart has formed a reversal pattern "Diamond". The resistance of this pattern intersects with the strong resistance which has falsely broken three times before. After these fake-outs the price has been dumping heavily. So, in my opinion, $ADA is ready to continue its fall down. The good entry point in SHORT position will be the resistance level at the...
Cardano (ADABTC) hit a few milestones last week by hitting a new all-time low (on Binance) and also hitting its lowest ever on the RSI.
Let's look at this on the weekly time frame:
If we look closer, we can see a hammer candlestick, which is bullish on this setup, as...
With Bitcoin moving inside a frustrating range for a week now, alts are also showing different shapes. Some show bullish signs while others still look bearish. ADA is also still in the 50/50 zone. As i have mentioned countless times, almost all triangles in Crypto, are 50/50 to me.
The triangle on the right looks pretty textbook, but since we have a lot of noise...
as we see we are at the end of the eliot wave and we can get good profit while ABC correction wave then we may see a new bullish wave with higher targets
but now these are our targets.
buy zone : 4950-5080
tp1 : 5500
tp2 : 6990