Script settings for 4H timeframe: · Signal calculation type - "hl2" -TP for Long - 5% -SL for Long - 4% -TP for Short - 6% -SL for Short - 4%
Cardano Analysis - 14 September
As I said in my previous linked idea it looked like ADA was looking for a retraction and it is now playing out by breaking down into the cloud! It still needs to validate as marked on the chart with the lagging span ( Purple line ) breaking the Kijun ( Dark Blue line ) to have a better probability. And to expand on the idea, I set a couple take profit targets...
ADA/M20 Has been doing very well the last week and might very well continue, but some signs point to a short term retraction. On the 4H Chart it seems to have formed a small double top and the Tenkan ( yellow line ) broke the Kijun ( Dark Bleu line ) down which points to a short term bearish movement ( right red circle ). The lagging Span ( purple line ) also...
Hey to all! H4 Cardano price is trading above the Ichimoku cloud, indicating an uptrend and the possibility of buying from the cloud. RSI is clearly overbought, and divergence is formed between the price and the oscillator. Conclusion: It is worth considering purchases in the Ichimoku cloud from key support levels of Fibonacci (50% - 61.8%). H1 The price broke...
Hello Traders, ADA/BTC seens to made a Bull Trap on important Resistance level, and the price is already bellow the Resistance, now we have two options for trading this asset, one of them is SHORT position if the price breaks this minimum acumulation to test this important support level, or breaks this resistance and acumulate above this level so we enter at the...
Bitcoin dominance bounced from 68% after touching the support multiple times, Looking at the current daily candle arrangments. It's very likely to Bitcoin dominance will slowly grow from here and face the next resistance at 71.3%. MACD also had a bullish crossover recently and giving early bullish signs on the daily timeframe. I am expecting Bitcoin to drop...
ADA/BTC ADA sank 11% from 513 sats last Dec 16 and price is already trading just above the golden Fib 0.618. RSI also hit oversold levels which could sparks a potential relief rally to the upside since the drop is sharp. Otherwise, a daily close below 450 sats will increase bearish momentum to the downside again.
ADABTC SHOWS SEVERAL SELL SIGNALS: - THE UPWARD CHANEL SUPPORT HAS BEEN BROKEN - The is a divergence between RSI, MACD with price. - price under 22 day MA Brief trade view: - Sell around 515 - SL - more than 528 - Target 1 - 488 - Target 2 - 450
ADA/BTC ADA is still in an uptrend movement as long as we can keep this Higher Low series and holding previous support. Though the technical pattern is a rising channel (bearish) if price keeps respecting this upward support, the price can continue going up. I have pointed out in the chart where the price can move both directions.
$ADA Thoughts in chart. Also, if you're long here, please keep an active stop-loss at all times. If $BTC decides to show some serious strength, where do you think this might head?
Just simply supply and demand. Be water my friend. Don't be a Retail Trader. My Personal Perception. Trade on Your Own Risk. Have a nice day! :) Leave your comment below> I am open for any discussions :) <3
On 2H timeframe there is strong short trend which is well confirmed by the volumetric method of analysis using the x-volume indicator. Purchase zone: 0.0635-0.0715. Levels thanks to X-Lines indicator.
ADA (ADAM19 BITMEX) Short update targets: 1520-1280