ADA broke out of this pennant and now it has re-tested it as support. This paves the way clear for new highs.
The first major resistance is at just under $0.40 which I expect us to re-test soon looking at the price action. Indicators are curving up nicely and we also got a lovely 4h green candle here.
Volume is a bit low on this move, so we need to keep an eye...
Hi,
Since BTC gave a nice signal for the upside, many of the top ALTS are doing the same.
Ada looks like a clean bullish structure, similar to LINK.
Looking for an entrance
ref. w.chart
All the best,
S.SAri
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...
Hi guys!
ADA it's currently in a triangle pattern, let's wait for the 4H candle to close above, make a retest of that trend line to place a Long Entry.
Few bullish ideas on the chart. I like the look of the macro ascending channel forming, lets see if the PA respects it.
Seems to be retesting the top of the triangle now... if it catches support, that's a buy. Otherwise look to prev. support/fib levels.
Happy trades,
CD
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You should watch the movements coming out of the 0.2955231-0.39315761 section.
In particular, you need to make sure it is supported at point...
❇️What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure,...
ADA is approaching the apex of this large triangle as indicated in blue. Price will be squeezed there and will have to escape one way or another.
Daily indicators look a bit bearish still, so I expect us to re-test the support level once more before pushing higher.
Possible paths are on the chart. If we lose support then we're going to go to at least $0.25...
Hi friends. ADA again short. Interesting picture and i want write about it. So we have big volume of closings under 0.31 and exchange bought it. But in next few candles exchange sold it volume again to traders who want long. And what is important volume of solds already satisfy they purchase. Target - investing zone.
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