Let's see how ADA is behaving. This is a 4H chart. The Fib retracement shows that the price is going to the higher levels, approaching retest the resistance and local resistance areas. The market is showing SELL volumes for ADA. Two support areas are holding the price up in case of sudden crashes. And one resistance level is pushing down on value. The RSI...
ADA will going to complete wave B and after that will drop again to complete wave C
Here we see since February we have had an area of resistance turned support. ADA has touched this area numerous times, and with the RSI being oversold as well as the Stochastics starting to make a move up, we might see some more bullish price action. While BTC is in sideways action for now, some trade their BTC in for ADA. If you look at the ADA/BTC chart you'll...
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#ADA/BTC ADA price is at 0.618 fib level of whole swing high. if price hold this level as support, it will head up to resistance zone around 4000sats. if bulls success to break out from this resistance price can increase to 8460sats and maybe 12060sats in long term. but if bears success to reject the price from resistance zone, it will drop to 1656sats that is...
On a 4-hour TF, the trend is still negative, and the $ 1.5 price range is still prevented from rising. If the negative trend line breaks, you can enter. But if the correction occurs, enter in the $ 1.24 and $ 1.1 levels.
No entirely sure if Mr. Whyckoff would agree with upper resistance lines so far apart but let's see how this plays out..
On a daily timeframe, the $ 1.5 range strongly supports a fall; with this modification, the volume of Cardano's transactions has increased a lot. This range can be a price floor. If it is faced with a price correction, enter for the $ 1.5 range, But if it increases, enter by breaking the negative trend line.
On a 4-hour timeframe, the trend is still negative and is a pullback to the $ 1.5 range. Only enter the $ 1.75 range if the negative trend line is broken. If the negative trend line does not break, we will fall again to the range of $ 1.3.
Any weekly close below $1.2 gives a potential dump to $0.4 in the coming year. *Not a financial advice.
It seems that ADA correction is over ADA price is moving in a ascending channel and it has the midline support of this channel I expect it to hits ATH.
There is divergence and its 0.618 fibo area and i think its wave A of 4
Cardano’s native token has seen a downtrend correction since early September, following hitting the current all-time high at $3.09. Unfortunately for ADA’s holders, the most recent market crash drove it below the key support level at $1.5 down to $1.3. Price is currently struggling to maintain the critical support, and ADA may continue to fall to $1 if the...
Now on the chart we see a good entry point for this trading pair
We have a strong green candle today on the ADABTC pair. This candle just happen to show up at the same level which worked as resistance back in May before prices peaked. This candle is also pushing prices above EMA10 and EMA21 in just one hit. This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short...
The chart shows Cardano 'TO bitcoin, which responds well to the drawn trends. If the currency breaks the long-term downtrend line of this currency, we can expect a good profit. As it turned out, the failure of the downtrend in the RSI occurred.