". There is a possibility of temporary retracement to suggested support line (0.00000740).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Yesterday ADA made a flash dump to re-test the support around 700sts and then went up above 800sts again.
This action seems to indicate that ADA is actually preparing for the next pump, and we should hold ADA for higher targets like 1000sts and 1100sts
The uptrend of ADA will be broken if falling down from the 700sts zone
💰Cardano had a beautiful run up as you can see the smooth buy transition from the Crossover strategy and the ema dots indicators. But now we are seeing a reversal doji.
This doji notice is turning right above a previous high and now will test that high to see if it is valid support to push the market higher. 0.070 cents must hold!
Let the Crossover strategy and...
We are constantly monitoring ADA, it is forming a bullish accumulation pattern on resistance zone or reversing at this resistance level?
Based on intraday timeframes we can see the price more entering in a correction mode them uptrend mode.
Which direction do you think is going to be?
I personally don't know, but I can see a clearly buying point...
ADABTC broke the first resistance and moves to the second.
I'm in a position from 478 satoshis, as I described in the previous idea. And I think I take a risk and wait for a second target.
If you waiting for a pullback to buy it, I think the best zone will be 540 satoshis (purple line) based on previous support tests.
Hit the "LIKE" button and follow to...
I was dumbfounded to see that I hadn't done many publications on cardano (not since last december) and given that it's one of my favorite alts with a solid roadmap, great team of devs & a genuine whitepaper alongside KYC transparency & Charles' vision for what is essentially XRP on steroids...
Personally, I read the whitepapers, roadmaps, research devs & budgets,...
Hi folks, hope you are doing well. In my previous post on Cardano with Bitcoin pair we have seen that the ADA had completed the formation of bullish BAT pattern. This chart was based on 12 hour time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci...
ADA is sitting on a red daily wick just above the 200MA after bounce off it at 506 sats. I expect this to hold, as RSI and Stoch both dipped well into oversold territory. Sellers should exhaust nearing low 500 sat levels, im specifically looking for the volume on sell end to decrease. A did below 200MA would be a full drawback to major support near...
Similar to litecoin, we're testing daily resistance here with bearish divergences appearing.
This might simply break out and move straight into the high 600's (I think most of us would want this), however I'd prepare for this scenario as well.
About to go for a fourth test of resistance; I think there's a good chance we break it to the upside.
HOWEVER, I'm not opening a long here. R:R is bad at this level. If I see a strong daily close above the range high, I'll look to buy any pullback and lead that into 614.
ADA has had a major run hitting a triple top of almost 540 sats! This is inside the daily resistance and a known point of rejection and retrace. ADA has been backed by a very solid growth in volume and buyers look hungry. I would like to see a pull back towards the yellow box for a prime entry near 500-510 sats. If this spot can hold as a temporary...