It is still early to say it is a bullish call.
We may need one more bar for confirmation in this 4H chart:
1) It breaks above the blue resistance zone
2) Beware of the strong resistance level & Fib Ret 38.2% level
ADA has been in a squeeze for some time on the 4H chart and there's a possibility for a SHORT term profit if squeeze ends with an uptrend.
On the 4H chart you can see that MACD is starting to create a minor curve up, there's a slight increase in volume and RSI has been hovering around 48%-50%.
If the squeeze ends with a downtrend instead the price might move from...
Hi, this is Rafael, from CryptoTwins.
This is my view on Cardano (ADA).
ADA Chart has just finished an Elliot Waves pattern and may be preparing for another Impulse Wave.
Also, RSI is showing Oversold and Stoch RSI perfectly spotted.
It's sitting on a support zone begging to bounce at anytime.
Buy-Zone: From 4800 up to 5200 Satoshis.
Targets:
1st - 6000...
Not a coin im invested in, but i may put a few dollars in to see what it does. Havent researched the coin at all but it has recently come near the top of the list in terms of market caps
RSI is low, ready to go up
MACD is looking like it should cross over signal from below almost perpendicularly
this looks to me like its following the channel, so pretty easy...
Cardano is in a short term downtrend looking to close the gap
on bollingerbands . price needs to stabilize at current levels to show
any bullish signal.
There are 2 scenarios.
If it breaks down from the lower channel, it would test the 618 FIB level and hopefully have a rebound.
If not, it may rebound from the lower channel and heads up.
Notice it is still in a bullish trend in the 4H chart.
Do not short unless you are clear what you are doing and have a strategy for it.
Best of luck to all
Actually, noticed most important points on the graph. So, watch out carefully and let's see what will happen. I'm waiting ADA to get out of this Stable range . Hope it'll be able to get enough positive volume to go up above First strong Resistance , so we can buy for very huge profits in the mid-term.
P.S. News shows that ADA will certainly overcome this...
In this chart we have compared the last two big rides in some altcoins. As we know once an “alts season” starts most currencies start popping up one after another. In this case we have taken ADA, DGB, SC, 1ST, STRAT and DOGE.
We can see that in the first pump wave (between 16-25th december), ADA was the first one, followed by DGB, SC, then 1ST and STRAT, and...
Now, when we have more information to analyze the market, here is my prediction. As you probably have noticed there isn't much selling going on, and I believe people are getting ready to stake (75% complete). It doesn't mean we won't see a correction after tremendous growth like few days ago. Everyone is trying to accumulate as much Cardano as possible. I believe...
Do not act on this information:
This chart uses two anchor points based on 7/77/231 Moving Averages crossing to draw the conclusion that there is strong support for Cardano price increase in terms of BTC for this most previous cycle. The first step of creating this chart was to find where the green 7 Moving Average crossed the White 231 Moving Average. Then, the...
