Price action and chart pattern trading medium term setup
> A possible sideway downtrend ending diagonal pattern with a falling flag channel 5 wave
> Now, the price reached the T1 target at 1.618 fibo extension of 1-wave downtrend
> The candlestick pattern is consolidating at the lower support level could be 3-wave and getting ready for 4-wave uptrend rebound
>...
BINANCE:ADAUSDT [/symbol
this is a follow up of my recent ADAUSDT ideas which i posted here few weeks ago.
kindly go and watch it to understand this idea.
watch the fourth and fifth videos before this one.
BINANCE:ADAUSDT
Ada have start to accumulate we ca expect a massive dump to the downside and also the market can create a trap to bring in more buyers and get them liquidated.
Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
ADA IN strong resistant zone.& bat pattern (bearish) we can see some correction.
Here comes the decision time! however the all three ways are so tricky .. It's almost impossible to say which direction for sure,
because they all touch each-other .. Moreover the BTC is going crazy on short-term seems all the time being manipulated...
Good day ladies and gentleman ,today we give an update on our last ADA forecast and what the charts are telling us.
Like most of these cryptocurrencies in May Cardano broke its 2018 ATH and set a new ATH of $2.38 in 2021 May and it retraced to its previous ATH at $1.10 and in by the end of August 2021 it created a new ATH of $3 and ever since then its been on a...
TECHNIAL ANALYSIS: #ADAUSDT (DAILY UPDATE)
Price can be seen forming a falling wedge pattern and approaching a support zone starting from $1.94 to $1.80 Which create a demand Zone. Currently we can see 21 and 50 Daily MA's acting as strong resistances aligning very well with the trendline resistance of the falling wedge which is not a very good sign. A bullish...
Cardanos ATH of $1.30 in the bullrun of 2018 was broken very early this year and ever seen then ADA has been setting new HHs and new LL and new patterns showing us where we are in the bullrun.
Take a look at the pattern it formed from May 2021 to June 2021 before it broke out +180% to set a new ATH of $3 in August 2021 and its been forming a similar pattern again...
This week, Cardano fell below $2.1 and found support on the $1.9 level. This places ADA back into the descending channel and within the larger price range of $1.9 and $2.4.
This drop also made ADA’s indicators bearish on the daily timeframe. Therefore, bulls need to wake up if there is hope to bring the uptrend again. Overall, ADA performed poorly this week with...
In our last analysis, we were anticipating a breakout for Cardano from the descending correction. We mentioned to watch for buying pressure near the 200EMA, Major Trendline & previous structure. We got a really big push up which broke the descending correction confirming that bulls are back in this.
A few important things to keep an eye on for Cardano is the...
Hello Traders,
Cardano Corrected its previous upward movement in 0.5 of Fibonacci just above an important support level. That would be a great point to open long position with low risk and great targets.
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ADA is forming a consolidation wedge around a previously tested support zone. Given the general short term recovery that Bitcoin is posting, it is likely to drag a few altcoins up with it. Keep an eye out for a breakout of this wedge. Wedge breakouts always tend to be violent and are one of the best trading opportunities in crypto.
Happy trading!
