ADA USD is currently in the wave B of ABC correction of primary degree.
Expecting downside action (start of the wave C) once the price reaches 0.061 cents
Long bids positioned in the area 0.39-0.42 cents with potential target set to 0.076 cents
This wave count will be invalidated on the upwards break of 0.062 cent resistance line.
With Bitcoin moving inside a frustrating range for a week now, alts are also showing different shapes. Some show bullish signs while others still look bearish. ADA is also still in the 50/50 zone. As i have mentioned countless times, almost all triangles in Crypto, are 50/50 to me.
The triangle on the right looks pretty textbook, but since we have a lot of noise...
as we see we are at the end of the eliot wave and we can get good profit while ABC correction wave then we may see a new bullish wave with higher targets
but now these are our targets.
buy zone : 4950-5080
tp1 : 5500
tp2 : 6990
Priceline of Cardano / US DOLLAR crypto currency is forming a shark pattern.
This time I am watching some confliction between indocators and harmonics, coz as per shark pattern the leg can be more longer from 0.886 upto 1.13 Fibonacci so there is little bit more difference but the indicators from the smaller charts are turning bullish but on week chart they are...
Cardano (ADABTC) hit a few milestones last week by hitting a new all-time low (on Binance) and also hitting its lowest ever on the RSI.
Let's look at this on the weekly time frame:
If we look closer, we can see a hammer candlestick, which is bullish on this setup, as...
price within an ending diagonal triangle -> end phase of a bearish trend (at least temporary)
- 5 wave structure within the ending diagonal seems to be completed.
- Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here
price should test the pivotal 0.5er fib level of the Blue range.
-RSI, Stoch and Godmode...
Priceline of ADA / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
I have used Fibonacci sequence to set the targets as below:
Sell between: 0.044990 to 0.041982
Buy between: 0.047318 to 0.052961
Atif Akbar (moon333)
I'm a fan of ADA and as a project I feel it has large potential. The company structure, vision and openness give me trust that they are a professional team. Hence why I'm looking long term.
As all projects are speculative, some priced more than they should be, ADA might be one of those under-priced in the near future.
I might, if the price is right, use some of...
Combination of Sell Signals at Top; check link below
This pattern is a lot like the combination of bullish reversal patterns, but unlike its counterpart, it consists of an extended uptrend followed by numerous bearish reversal patterns like the Bearish Abandoned Baby, Bearish Engulfing, Bearish Harami, and Shooting Star signals. They are normally a sign of an...