ADA/BTC Weekly Chart #ADA
A chart worth keeping an eye on #CardanoADA
- RSI Oversold for 2nd time ever
- Break out of bearish channel (Pending)
- Break above 50 SMA with turn up (Pending)
- Zones are rough guides.
- 115 weeks is a time guide as this was the last timeframe from
top to the bottom before bull market started. We are only at week 83.
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The bullish variant here looks very nice, if ADA has the fuel to pump a bit.
A falling wedge pattern on the 4Hr chart.
This is coupled with a triple bottom which is seen on the green dashed line.
I expect price to drop a little below the green dashed as a fake out and then allow the falling wedge to take the bulls off.
A bearish pressure with both rain and clouds 🌧️ lingers over the global crypto market in the next 24 hours, indicating a downside risk. But Cardano, Dogecoin, and Uniswap shine through the storm with potential. 🌥️
Over a one-week horizon, Bitcoin, Litecoin, XRP, Binance, and other altcoins face continued headwinds and a downward risk, while there's a ray of hope...
On the lower timeframe, we can see that we have 2 entry trendlines in place.
The orange trendline = Risk entry
The red trendline = Safe entry
- watch for break of either trendline for entry
- once trendline broken, stop loss goes below price
- Targets: 0.38, 0.4, 0.46
Goodluck and as always, trade safe!
For Cardano, we are expecting a deep retracement on a higher timeframe. Deep retracements usually take the shape of zigzag patterns (535). We have completed wave A ( 5 waves ) and currently in subwave C of wave B ( 3 waves ). Our misson is to catch subwave C before riding wave C ( 5 waves ).
See our next post for lower timeframe analysis.
Goodluck and as...
Rain and clouds 🌧️ linger over the global crypto market in the next 24 hours, signaling a slightly or clearly bearish trend with downside risk. 🐻 Cardano, Polkadot, and Uniswap, however, face sunnier, bullish trading conditions with upside potential over the same period. 🌥️
Over a one-week horizon, crypto price predictions are mixed. 📅 Bearish, cloudy trading...
This analysis sees from the market structure that occurs. After Choch the price returns to bearish and there is a fake out. At present the price has not returned bullish, still in the correction stage. There is a possibility that the price touches the fake out area before continuing bullish. Take long when the price approaches the fake out area.
Hello my friends, How are you doing?
It's a new day and I want to talk about Cardano to you.
Actually, I really like this asset. But at this price, it's so dangerous to buy.
I want to show you where is the best place to buy and Hold and what's the Final target.
As you understand it's a big scale about Cardano.
So don't forget to Like 👍, share with your friends...
Hi Traders, Investors and Speculators of Charts📈📉
A quick look at Cardano. First, let's establish the Macro Market Phase that we're current trading in. This helps manage realistic price action. ADA is currently in pre-bull market phase / accumulation phase, in other words it is a great time to accumulate for the rally to come with scattered buying orders....
I'll simplify on this one -- reflective of ADA's non complicated nature.
WEEKLY Price Yearlong standing price support -- currently bouncing off it with accuracy.
WEEKLY NET VOLUME surge.
Weekly Histogram Higher Lows.
Thinning movements on the lower price range -- HUGE HINT.
Currently sitting just above 1.0 FIB level -- beyond bargain / discount.
The bearish trend continues in the global crypto market with clouds ☁️ and rain 🌧️ dominating the ATTMO forecasts over the next 24 hours and one-week horizon.
However, Cardano shines ☀️ ahead, indicating a slightly bullish market with upside potential.
Follow us for more crypto weather reports!
Cardano back to a major resistance? I’m aiming at $2.1 and then a sell limit back towards $0.1
My Entry: 0.26
Clouds with some sun ⛅️ breaking through lie ahead over the next 24 hours and one-week horizon. 📊 According to ATTMO, this hints at a slightly bearish market with downside risk.
But wait, there's a ray of hope! ☀️ Cardano is poised to bask in sunnier days over the longer one-week horizon, suggesting a slightly bullish market with upside potential. 🚀
Cardano's current market stance is under the influence of a strong sun ☀️, hinting at potential changes ahead. According to ATTMO, an AI-powered crypto weather forecasting tool, this solar presence could signal a forthcoming market correction.☔
Investors and traders are advised to keep a watchful eye on Cardano's movements as it navigates these uncertain...