Cardano (ADAUSD) has had repetitive rejections (4 in total) on the 1D MA50 (blue trend-line) since May 31. In fact the last time we saw so many rejections within a long-term Channel Down, was during the previous Bear Cycle of 2018. The inability to sustain a break-out above the 1D MA50, led Cardano to the final hyper aggressive flush of November 2018 that...
Time Frame: 4H
Symbol: ADAUSDT
Entry: 0.5290
TP: 0.5618
SL: 0.5044
Bias: Long
The pair will go further up as we see the recent history of price changes. The major crypto pairs are having a boost but it is a trend drawdown before a strong fall.
Cardano (ADAUSD) has been down for more than -87% since the September 2021 High and has been trading within a Channel Down ever since. This is similar to the pattern of the last Bear Cycle in 2018.
On this 1D time-frame analysis, the 1D MA50 is the blue trend-line and the 1D MA100 the green trend-line. Even though 2018 made a -93.50% dip from the moment the...
Cardano (ADAUSD) had a major bullish break-out today as it broke above the Channel Down that has been holding since the September 02 2021 High. It remains to be seen if the 1D candle closes above it, but it already looks as if ADA is replicating Ethereum's (ETHUSD) bullish break-out in early January 2017.
It was when ETH broke above the 1D MA50 (blue trend-line)...
ADAUSD (Cardano) has been trading inside a Channel Down ever since its September 02 2021 All Time High (ATH). That is a significant amount of time it has been on a bearish trend and the pure structure of this Channel Down, doesn't seem to allow much room for hope, at least not yet.
Right now the price appears to have formed a bottom ever since the February 24...
ADAUSD posted a short-term (for now) rally since the January 10 low that brought the price on the 1D MA100 (green trend-line). That level was last touched on November 10 2021 and has since been turned into a Resistance. A break and 1D candle closing above this trend-line should be considered as a bullish break-out signal that might be the begining of a Parabolic...
#ADAUSD Hello trader, I hope are good and safe. Today I opened the chart of #ADAUSD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #ADAUSD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
#ADAUSD Hello trader, I hope are good and safe. Today I opened the chart of #ADAUSD for 15 Min and analyzed it then I see that this chart has made a ASCENDING TRIANGLE PATTERN, So i hope market in this condition going up and going down,
Now Nice opportunity for long and short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
ADAUSD has been consolidating for more than 1 month (since September 20) within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). This consolidation happens to be inside a Triangle that shares many characteristics with the May - July 2021 Triangle.
As you see the May - July fractal also traded for a similar period with the 1D MA50 and 1D MA200...
Three weeks ago I made a cross study on Cardano comparing the current Cup and Handle (C&H) it's been trading in since the May High with the same patterns of the recent past:
As you see, the C&H formations are all quite similar and as the Handle of the current pattern is almost completed, I thought it would be a good time to update my idea.
For better...
ADAUSD has been inside a short-term Channel Down/ Bull Flag since the September 02 High, breaking below the 1D MA50 (blue trend-line) but holding so far the 1D MA100 (green trend-line).
This channel/ flag formation can be viewed as the Handle of a much wider/ long-term Cup and Handle (C&H) pattern. As you see on this triple chart analysis, the same C&H pattern...
ADAUSD has been one of the best performing cryptocoins since the market made its late July bottom and started to rebound. It is one of the few coins and the only high cap that broke its pre May correction highs.
As you see on the chart, the pattern since mid May looks like a Cup formation. The same pattern was last seen from August until November 2020. On that...
On the daily time frame ADAUSD, we can see the price rejection few times from the same support zone and creating demands each time. After Elon's last live comment, the Crypto market seems again bullish to me. ADAUSD will meet its higher high once again and the conformation we found by technical perspective in this chart.
Rejected from the support at 1.35, ADA has another hop at 1.5, and only after that we can hope for a palpable rebound. The next few hours are important, so for now a moderate to long prediction.
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other...
