Right now we are in a smaller range(.786 and .618 of blue fib retrace) within a bigger range(1 and .618 of blue fib). Prices have been consolidating in form of a wedge for the past 2 weeks. There are possible levels it can test if we break to either the upside or downside from the wedge. Oscillators(RSI, STOCH) are neutral for Daily and 4hr time frame.
We could be in a downward channel after breaking our green trendline that has been holding support for the past month. A bearish EMA crossover has formed on our 4 hour chart. We are hitting oversold on our RSI and MFI but only on the hourly timeframes. Going to the Daily timeframe, we still have room to go lower. I expect next support to be near 0.5 of our fib...
We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we...
ADA has now breached its 2018 ATH from binance and created a new ATH for this exchange Not its ATH on all exchanges though as it was a it $1.2 in the peak of the 2017-2018 bullrun On the 29th Jan I posted this set-up and now we have breached the key levels Will likely set bids for just above the blue line - around 0.37 - and hope Aisa session gets me in over night...
ADA - Cardano - one of the highly regarded coins fundamentally, providing similar services to that of Ether - Ethereum The chart setup looks awsome too I'd would expect a break of 0.375 Struggle in the 0.39's and back down to retest the initial breakout, if successful it will push on to the 1.618 at 0.435 Then we reevaluate what interaction we expect at this...
Sorry if I'm not fast enough with updates. My days are usually hectic due to family and work. On the bright side, we have made it past our resistance area of 0.33$ - 0.36$. Given just a couple days ago we had a stark retrace to .382 of our fib retracement @0.24$. ADAUSD later formed a wedge that we have broken to the upside. Now we have to see if we can make it to...
Made a bounce off 0.24$ support/resistance zone @.236 of our fib retrace. We made it above our 21 EMA and .618 fib. If we hold support here and break out of immediate resistance trendline, high chance of testing .786 resistance zone. Decent entry for a trade @0.30 if we can manage to break out of 0.33$ resistance area. Also a high chance of getting spiked out with...
We did break out and closed above our blue trendline but with very little volume and follow through; thus forming an M pattern with .618 fib neckline. There might be some support at .786 of our fib but I don't expect it to hold the market very much. I also suspect that the green trendline support won't hold the market for long and will eventually break unless we...
As long as bitcoin remains stables, investors will be more confident in taking risks on alt coins.
Although we are hitting oversold on our MFI and RSI in ADAUSD. So i look to BTC dominance to see direction.
ADA CARDANO 4H Breakout - ADABTC ADAUSD ADAUSDC ADAUSDT ADAETH