ADA is sitting in a wedge after creating a hard support line. Wait for confirmation in the form of price action breaking through the top of the wedge or bouncing off the established support. Take profits at target.
Welcome! To start off, ADA has been making a wedge formation that is neither leaning bearish or bullish , but it would be my expectation for it to break upward with our entry being at point D after the price bounces off of the lower trendline . I've added what I'd like to see the ichimoku cloud change to on the chart above; a thinner cloud indicating decreasing ...
While bitcoin stalls the bigger alts are seeing movement. ADA is lagging behind but if we have breakout of triangle we could see some big price action provided bitcoin behaves itself.
First trade is already in progress.
My plan provided the market geometry still makes the trade viable is to switch short at my target as it is pretty heavy resistance, then switch ...
Seems that Cardano is about to go up
Good signals for now:
1. Recent breaking of a narrow Bollinger (up)
2. RSI / MACD / KDJ bullish divergence
3. MACD bear-bull reversal
Indicators to confirm a bull:
1. K > D
2. 9MA > 50MA
Clearly seeing selling climax in many alts followed by low volume - typical of bottom.
Whales not ready for mark-up yet, as BTC were held down at 65xx.
Need one more test of supply and shakeout as below:
ADA is one of the 3 of the 5 coins left to be released on coinbase according to coinbase announcement in july 2018 . Coinbase stated ZRX, BAT, Zcash, ADA, and XLM would be the next coins to be listed . With ZRX AND BAT out of the way that leaves these 3 left Zcash, ADA, and XLM. Its anyone guess which coin it will be. 1 huge upside to ADA is its currently 7 cents ...
Something key to point out here is that ADA could still experience a a large drop if broken downward from this range, as it is resting above support right now. It appears ADA has consolidated and started to trend upward. That being said, still facing some tough resistance, and I drew some large resistance levels above in the green boxes.
Some pretty good and ...
Just a "believers not a traders" GUESS.
If you miss this, I seriously not sure why you even login to tradingview.
Remember this, we will be building mountains on top of the mountain. Never to see this home again. This time will be DIFFERENT.
THE WORLD IS ABOUT TO SOMETHING UNLIKE IT HAS EVER SEEN. 1+1+1=3
This is a follow up to our last Cardano idea that busted.
So, without further ado, let's check out what's going on:
As one can see above, Cardano is still in the midst of its traded range.
We called a short on this before from 1200 with a really tight S/L on it (-2.38%), but that S/L ended up getting busted the same ...
There are 2 possible scenarios for ADABTC:
1) If ADA stays above 1168 (0.618 fib level, important one) and breaks the black trendline upward. A trend reverse is possible.
2) If ADA stays below 1168 and fall below the lower blue line retracing to lower support line is possible.
In both cases solid confirmation is needed.
I have predicted this fall from ...
I will try to profit some by shorting XLM. Two scenarios are possible - breakdown from current level or entry on fakeout (if it will be successful). Once the first entry will get filled in, I will cancel the other one.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bounced of the previous resistance line, considering the whole mcap correction should be done another targer should be around 1300sats. Taking in count that ADA will get listed on coinbase sooner or later + mass adoption in South Korea and Japan, this should be good entry.
-We have bounced on a major weekly support, and have made some higher lows on the daily.
-We broke the previous high on the 4H and started retracing.
-Should see the .705 retrace to that 4H breaker and attempt to break the next resistance.
-Bullish breaker - an orderblock (a green or red candle, ...