Think a deeper retrace is probably better place to try to catch a knife on Cardano Dec Futures. The first setup I had in mind I think could get stopped out.
Cardano (ADAZ19) is moving above resistance and looks like it can easily go higher.
Right now we are seeing a bounce that its pushing ADAZ19 above EMA50. A close above this level can lead to 525 satoshis and higher.
The MACD is curving while the RSI is strong.
Additional details can be seen on the chart.
Our BitMEX charts/analysis are producing great results,...
Cardano (ADAZ19) is printing what appears to be an ascending triangle and it might be ready for growth.
Recently broke above EMA10 and EMA50.
We have the MACD and RSI now on the bullish zone.
We have a full trade for this pair/instrument with 70%+ of potential profits... Make sure to hit LIKE if you want to see the full trade details. I will share at 80...
ADA UPDATE
Bull (LONG TARGET):
Now ADA/Z19 Trading 500-507 region trying to break this Long term trend line
if the bull rally continue breaking this trend line potential target around 530-547 region.
Bear (SHORT TARGET):
but if the bears are back in control potential retracement at 482 region to hold this purple line which is our daily support in Daily TF(Time...
ELLIOT IMPULSIVE WAVE 12345 TO BE COMPLETED, FOLLOW BY CORRECTIVE WAVE ABC. CONTINUATION PATTERN OF BEARISH RISING WEDGE, WAIT FOR BREAK OUT OF THE SUPPORT TREND TO TRADE SAFE,
ENTRY PRICE- 104.56 - 105.62
STOP LOSS- 107.62
TAKE PROFIT- USE THE SUPPORT HORIZONTAL LINES TO 92.48
Cardano (ADAZ19) is now above resistance and can easily move higher.
Take a look at the purple circle on the chart:
Here we can see that the red trendline has been broken in favor of the bulls.
We can notice a break above EMA50 and EMA100.
This break is also supported by above-average volume.
MACD and RSI bullish.
All these signals are pointing to...
These are the bounce points for ADA over October here. BTC is mid term bearish leaving alts some room to breathe. I see ADA running the green course if BTC is sideways or downtrending.
