Richimoku & Kumo Waves on Cardano / ADABTC
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*Richimoku ( Advanced -2.20%...
Hi Guys! My answer is absolutely not. The ADA market turned in a weak performance in the context of a shrinking volume trading but for me this dip is where I can buy more with small discount. Well all what we must have is a patience, with yesterday's low @0.00001225, Cardano is testing that lower boundary again at the moment, so let's see what happens next.
As mentioned, ADA needed to cool off after its massive run-up last week and that wedge breakdown has dropped it back to into a demand zone. The 1160 support level has held so far but the volume isn't the best and until we see volume come in, we can't be confident that this demand zone will hold. Stronger zone to enter a long position would be the lower demand...
Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could...
Chart says it all pretty much.
When ADA broke yearly support level it didn't free fall right away. It had a retest that has been rejected big time. Now i personally can't see a reason for you to knife catch it, unless you are looking at a bigger picture and you are starting to scale buy all the way down as a long term investment.
I would swait for the demand...
The asset behaves without anomalies, is in its channel, signals for the reversal are not expected. It loses about 20% with about 15 days periodicity.
There is a stable downward channel, so do not open positions earlier than 0.00001210. It is worthwhile to conduct additional analysis in this area, the price may drop to 0.00001080.
In the long term, does not cause...
Hope all your trades are going well
It's all in the chart ADABTC
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Like the Phoenix we will rise from the ashes
Happy trading People...
Today I wanted to draw a simple S/R for ADA considering how it has fully retraced back onto trending support.
I talked about this coin in one of my Youtube videos but never got around to making a chart so, here it is!
Simple S/R strategies can be easy to use and work very effectively.
Considering how this coin is back to its lowest support, now...
Due to the bearish market, altcoins are very easy to predict.
Bullish Divergence on the 1 hour for ADA as well as 4 hour, indicating support at the current level.
Cardano has tested support many times, having small bounces each time.
Therefore, we long ADA now with a stop loss below the base of ADA. Once ADA hits the red cloud we close our long and...
I’m interested in ADA for a long time. Today I decided to make a big analysis and to share it with you guys, let me know what you guys think and if you would like such analysis on another coin. Let’s get straight in to this .
So you don’t have to be a TA-expert to see that ADA price is very cheap at the moment. So what are the most...
Cardano is currently in an ascending triangle, & we have bullish divergence on the 1 day chart. This could be a promising long trade. Get in before the breakout and before the bounce from the trendline, don't pay retail.
1820 (Max of 0.43% loss)
Or you can avoid selling if you believe the breakout...