ADAUSD (Cardano)(Binance) Cycle for up now is 3 Target is $0.345
- As you can see, we had 4 cycles of falling on the weekly chart.
- Now we have third growth cycle.
- News around cryptocurrency is too good.
- Looks like this summer will be very hot!
- Bull flag
Target zone: $0.3457
Right now, Cardano (ADA) is still struggling to hold within its large channel (pink lines). Since my last two ADA posts, we did target very close to the major overhead resistance above 1200, but failed to get above and have retested our support. This is more of a short term trading idea here. I'm still watching this thing pretty closely. If we can get back above...
As all the alts have been doing past weeks, getting dumped big time towards levels from before the pump a month ago. It looks like ADA has reached a legit support zone as we can see on the left. The shape we have been moving in the past week also looks like a wedge. Not really fond of it's shape, but the volume picture is at least one of a wedge. With a wedge,...
RSI : 60
Volume : Needs some pump after the correction
Accumulation Area : 1090 sats - 1145 sats
Target 1 : 1168 sats
Target 2 : 1314 sats
Target 3 : 1431 sats
Target 4 : 1549 sats
Target 5 : 1717 sats
Target 6 : 1931 sats
Stop Loss : 955 sats
Note : Cardano is also one of the coins that declined almost double by the past 45 days and seems...
$ADA Guess here we go again...
Great volume over the last few days
UCTS buy signal on the 6h/12h chart
Break descending trendline putting an end to the bleed?
Currently dealing with some resistance but I expect it to reach 1350sats over next days
ADA saw a sharp bounce from support zone at 969 sats (weekly bullish orderblock).
As price action develops, it will be an easy ride up to 1358 sats.
- Support: 1002 and 1060 sats
- Target 1: 1358 sats
- Target 2: 1883 sats
Stop loss below 969 sats.
Keep it simple, cheers!
Looking at NEO on the daily chart
* Cutting a fine line with NEO. Will this last support hold?
* Willy stupidly oversold, no bullish divergence yet
* Histogram pushing out a bullish div
* OBV not the best but wanting to create a W and to push higher
* VPVR looking full with minimal notches
* 200 & 50 MA's looking for a golden cross
* Purple line is last...
Ladies and Gentlemen,
Welcome back to TJs' Trade Corner!!
Today, we will be taking a look at $ADA. One of my long time favorites as many know. It is always amazing to see how technical and predictable $ADA is.
Now, lets get started and not waste any more time.
First thing as always, what is our market structure? What can we see? What happened?
As you see on...
looks like we fell from a rising wedge, to a channel. This channel has held price inside of its boundaries for 120 days so it seems to be a solid channel to rely on. What I am expecting is a bounce to the top of the channel then another lower low. We could just break out here but the more probable thing to do is hit then channel for wave E.
Cardano (ADA) awesome buy signal
• 2nd longest consecutive daily close lower than the daily open.
• Lowest Composite Index reading in Cardano’ history.
Crazy buy signal for Cardano (ADA)
Cardano has been hit with some tough love every since reaching a new 2019 (and 9-month) high of 0.00001944 on April 3rd, 2019. Since that time, Cardano has dropped nearly -30%...
Looking at Cardano (ADAM19) on BitMEX, I am seeing a potential bounce that can happen here.
ADAM19's retrace has been speeding up until it finally found support and a bounce happened around the 0.786 Fib. retracement level from the last bullish wave.
This is a strong support zone and a bounce can happen here even if Cardano is to continue with its retrace after...
Technically a 'perfect' mid-term entry area should be the blue box, there are some lower levels also but this is the healthiest level!
- Different Fibo levels
- Channel trendline should act as a support
- Cup & Handle curve trendline should act as a support level
- EMA's act as the support levels.
- Recently worked price levels (orange lines)
From the technical...
every one of these chart patterns where predictable and played out exactly how they are supposed too.
the % one would make by simply learning how to chart is amazing!
I made a lot of these calls personally and its just amazing and mind blowing how simple things can look from far away... but if someone was to stick to a 4 hour chart and only trade when they see a...