Motivated to increase the Ethereum holdings I currently have using other ETH trading pairs. Expecting ADAETH to drop below the buy zone around 38000-35000 which I would put my buy order, and would sell around 70000-75000
ADAETH shows good support at 1 Fibonacci retracement level and is going to continue rally. Profit targets can be 0.00054 (50% of position) and 0.0007 levels (40-50% of position)
Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend. Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH...
Observing a C&H formed on the AD.A / ET.H pair. In my opinion, things are a bit complicated now and it's difficult to commit to a trade on a pair that can be so easily turned sideways by other movements (i.e. Bitcoin). Will observe for now. The position I retain in ADA will stay put. Prepared to add for a quick trade if BT.C steadies out.
Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement. Now, first...
I previously posted about the downtrend of Cardano and how & when it would end. The downtrend remained intact (& we know we shouldn’t fight the trend, but wait until there’s a confirmed reversal). Here’s the graph back then: The graph now shows how that downtrend has continued to persist, yet given the likely soon upward curving of the MACD (as you can see...
So on the daily chart we are done with a ABC correction with 5 internal waves This will be the start of the next 1 wave which is a bullish wave . Place buy orders at the support levels & currently ADA is sitting on .786 FIB level A point to be noted is that , whales are playing with ada on bitmex so it can be a bull trap & i will buy more once it crosses 2400...
ADA broke out of a confluence zone and retested March 21 high. After this breakout, I see EW forming. First two waves are complete and looks like ADA is working on the 3rd wave. Strap on! Good Luck!
possible scenario: 1. wave b of 2 2. subwave 2 of 3 RSI losing strength, favoring case 1 possible retracement back to 32600-32800, confirmed by breaking of 55 ema
After ADA double tapped and found a bottom at Fib 0.5, it bounced and consolidated a bit on Fib 0.618. After slight consolidation, ADA seems to now be moving on a slow uptrend towards Fib 0.786. There will be slight resistance on the solid green line, but once the bulls push through that, we are headed to Fib 0.786. That is where ADA will prime up for re-test...
After finally popping out of its Falling Wedge, ADA has been consolidating for a couple days in (what I believe) is a Bullish Pennant - continuation pattern. OBV is staying strong, and StochRSI seems to be starting a bullish divergence. ADA even has support from the lower BB which usually means it has been oversold. All good signs IMO. If ADA jumps up and out...
Looks like strong support. ADABTC could fall back a little while BTCUSD has a growth cycle to 9.5k Im expecting this to return to ATH sometime this year, possibly setting new ATH.
I will start of with im not a pro or anything so this is not an investment advice. But i have seen After each triangel it has been a pump, so i wanted to say for those people who going for a short term i think ada is the deal! Leave a comment and tell me what u think, Good luck & Happy hodl sesson! :D
Seems like Cardano is still looking for a comfortable bottom. It is continuing to trend down inside a larger descending wedge than originally thought. Though it broke out once, the attempt failed and resumed the respected wedge. We have busted through support 1, but have much stronger support 2 line along with a supporting trend from mid January to look at for...
BINANCE:ADABTC BITFINEX:BTCUSD All, One reason I have not put any money into ADA.. is for two very good reasons. It is a falling knife and it has demons of the past. What do I mean? Well ADA.. took off too fast which means one thing usually. Untested levels from which it left from. What ADA.. is currently doing it going back to test levels from the past that...
Possible inverse head and shoulders forming. This could indicate that Cardano has found bottom. At any rate, this feels like a cheap buy for those looking to go long.
Hi guys, A friend asked me to have a glance at Cardano… He asked “ should I buy this stuff? ” I am just going to list the things I notice in the chart, and things you should be attentive to: 1) There have already been two triangle formations with crucial Fibonacci supports as a triangle basis. Both of them failed in breaking the triangle upward, followed...