BTC is showing a double top pattern around the 40k area, with the weekly RSI super high, mayer multiple super high, selling pressure super high, and I could go on...
BUTTT, with stimulus checks coming I have no idea what BTC will decide to do. In 2017 there weren´t stimulus checks around, no extra money in people´s pockets like today.
I guess the best thing to...
Hi friends. ADA just few hours ago take a big volume of solds (by exchange to traders) and now we can get a correction to accumulation zone. I mark all interesting levels on the chart window.
Levels thanks to X-Lines script. Follow me.
Cardano - Intraday - We look to Buy a break of 0.3184 (stop at 0.3084)
Daily signals are bullish.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our outlook is bullish.
We can see no technical reason for a change of trend.
Our profit targets will be 0.3512 and 0.3718
Resistance: 0.3200 / 0.3400 /...
Hi guys! 👋🏻
🔔 Cardano is one of the coins to watch as there are signs of a bullish continuation. As seen on a 4H chart ADA/USD has established a descending channel and is proceeding within its support and resistance levels. As seen on the chart the current setup, support from EMA50 and MACD demonstrate a bullish run up to a resistance near $0.322270.
🔔 However...
BINANCE:ADAUSDT
ADA saw a massive buying opportunity a few days ago when the whole crypto market saw a sell off.
However ADA saw a great bounce back and is currently consolidating above $0.3
Go long once the triangle breaks
Take profits around the 1.618 Fib extension target of around $0.34 to $0.35
#ADAUSDT ( 1H chart) Technical Analysis Update
Waiting for the Resistance zone breakout
ADA/USDT currently trading at $0.315
Long Entry-level: Above $0.320 (only enter long after 1 h candle closes above the resistance level at $0.320)
STOP LOSS:$0.300
Target 1: $0.340
Target 2: $0.380
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
Follow our Tradingview Account...
ADA formed an open bull channel in the past days, that I am calling bull channel.
It passed the EMA 200 average as well (those who bought under the EMA 200 did a good job)
I see 3 scenarios for the next days.
1 Scenario: BTC will come back to 42k forming a double top that could lead a big dump right after that.
That could trigger ADA to break the regular...
Like I sad in my last analysis, BTC needed to pass the red line (which was a retracement level of Fibonacci I traced) to test again the 42k level,
possibly going all the way to the top of the channel testing 46k. I don´t believe it will go further in the near future though.
1 Scenario: BTC will come back to 42k, even 46k, forming a double top that could lead a...
Hey! Price of ADA moving according to analysis from 11 January, now about to reach next target
Here is the video analysis for it
Right now price of ADAUSDT can reach target at 0.33
Looking for 5% stop loss in this trade
Made a bounce off 0.24$ 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...
There was a sudden drop on BTC dominance yesterday, it recovered so fast, and that looks like a BTC trap to me.
The Alts that are pumping are the specific one that have a stable channel, like ADA, DOT, ETH etc.
What grinds my gears though is that way too fast liquidation of ALTS in the market. The pump and dump ones have to die to leave space for the good projects.
