Our updated chart on ADA .
At this moment i am still short on BTC but I will start hedging gradually by buying some Cardano.
Take a look at the chart, not much to explain as my levels are linear,.
PS. CAN IT DROP MORE? YES..IT CAN!!!
Quick ADA update:
ADA is below its 50EMA for this 4hr timeframe.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe.
ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
ADA is above its...
Utilizing the Fib Ret along with the trending line you see we just touched the trending line which indicates we may see a nice push towards the $1.53 resistance.
I do believe we may break the resistance & have a pretty solid day above $1.50! If we hit the resistance we may have a slight dip to retest the trend line then be back on our way up. If we do dip below...
Cardano has been quiet. Hoskinson's interview with Lex Fridman made no headline news but it was reassuring to see the quality of Cardano and it's founder.
I am only looking for Long set-ups when it comes to Cardano and my chart shows possible support.
ADA is currently in a bearish trend approaching to a critical support level. Here's some possibilities:
Scenario 1: Fake Breakout
And then we will be searching for buy opportunities
Scenario 2: A Continuous Down Trend
And then we will search for sell setups
Quick ADA update:
ADA is in a Descending Channel. You can see the various support and resistance levels that ADA has had as resistance and support after it broke out from its previous Ascending Wedge.
ADA has found support from its 2nd upwards support line.
ADA is still in the Bearish Zone for this 4hr timeframe. Note we have had a Cloud Twist (Kumo) into a red...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
ADA is sitting around strong support and round number 1.50 in blue so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: ADA is forming a channel in orange ...
Hello Traders Investors And Community,
Welcome to this analysis about Cardano, we are looking at the 2-hour timeframe perspectives. Cardano in recent times managed to hold its structure above this ascending dashed trend-line and bounce there within to move on with the development of this main potential inverse head-and-shoulder-formation with the left shoulder...
Like a lot of coins, also Cardano is trading at an important juncture.
At this point, AdaUsd is trading just above 1.5 very important support and if bulls can't manage to hold the price above a new wave of selling could bring the price at 1usd.
In my opinion, this will be the case and I'm looking to sell rallies
Looks like Cardano is following the elliot wave pattern on the hourly. If it breaks the upper resistance good we go up but it looks like it is following the elliot wave and we are going down for a little while, following a abc wave pattern. Probably break through the resistance after that and mooning up.
New Opportunity after our previous Take profit Idea....
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Here's a quick look at ADA 4 hr chart. As we can see, the price has formed a bigger triangle and is very close to breaking out. The best entry would be, when the price breaks above the triangle with good amount of volume . Keep an eye on this setup!
The idea is: Buy the breakout from the triangle and take profits at...
After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
Technically speaking, my beautidul and loved Cardano is neither on support nor far from resistance. For this reason I am willing to trade it again only at 1.408 or 1.655
Hope it makes sense,
Cardano is not still in bullish trend, and formed an ABC pattern to go down again I think.
It may go a bit up again but the power of sellers are more than buyer. Be carefull
This scenario is failed if price can go the orange line ion the chart.