Since the low of August 29th of $0.043, ADA has consistently made higher lows, and higher highs. We can expect one more pump towards $0.48-0.50, and than another sell off.
Buy: $0.0439-0.0442
Sell: $0.0460-0.0479
Profit: 5-9%
Can the market continue downward? Absolutely. Investments all come with certain risks, do not invest if you are not comfortable.
Priceline of Cardano / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04519950 to 0.04355250
Sell between: 0.04705449 to 0.05075816
Regards,
Atif Akbar (moon333)
Priceline of Cardano / US Dollar has formed a bullish BAT and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04359920 to 0.04331920
Sell between: 0.04426687 to 0.04526911
Regards,
Atif Akbar (moon333)
ADA scooped low. We have a bullish pattern formed. Price stuttered to hold around July 16th to go continue bullish and went into an accumulation pattern for more support down to .045 I believe we will probably test .04 cents before heading back up or even as low as .03 - .0275 making a double bottom with a slightly higher right bottom giving bulls support.. If so...
Hello traders,
This is a nice trade setup for Cardano, even though the correction for more down move could be finished; it is more likely to correct higher based on its position on the chart and the long red impulse we have with very little flat movement.
In my opinion, if we are going to go lower, it will give us a longer correction which allows us to get this...
Based on Bitcoin's performance, it looks like Bitcoin should head towards a correction price of $7,000-8,000 which will push ADA and the entire market down. Great time for accumulation (0.035-0.040) than wait as it heads back up.
ADA has been on a wedge formation for the last couple of weeks. If it breaks upwards with volume the target should be around 7 cents.
This is not financial advise, it's for me to keep track of my own analysis.
Good luck trading!
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...
Bitcoin market dominance is in a parabollic move up, though as it's losing strength in the short term there's a chance of a retracement coming at the end of the wedge.
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 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
Regards,
Atif Akbar (moon333)
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:
Zoom in:
If we look closer, we can see a hammer candlestick, which is bullish on this setup, as well as negative 9 count on the TD Sequential.
The MACD histogram is...
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...
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.
Good luck!
As much as I'd want to buy ADA right now, its trajectory is not defined yet and it's impossible to know where the bottom is and when it might take-off and if it does, how high?
