Get started

Cardanobtc

Let´s go, CardanoIn this chart you can find the reasons, why I think that Cardano will move soon. We built up a bottom trendline over the last couple of days. If we clone this trendline and put it on top of the last high, we can see, that the resulting channel would meet almost perfectly with a former high trendline (orange upper line) to build a double top. We could also breakout below the lower purple trendline and continue the downtrend, but because of the hidden bullish divergence, a Doji candle and higher lows I´m more bullish than bearish. For trend confirmation it´s recommended to wait until the dotted purple line will break or until a candle fully closes beneath lower purple trendline. But you should also be careful for fake-breakouts below the lower trendline, since market makers often times know where people will enter their trades and where they set their stops. My stop is at 1170 sat. This is no trading advice and these are just my thoughts. It´s a high risk scenario, since we are in an overall sideways market with low volume. In these markets you should set your S/L very tight because price can jump very quickly if market makers enter.
Long
by Tylax-Finances
3
Has Cardano lost the momentum?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. What makes the chart interesting is the fact that we have some good fundamental news as Cardano will launch the first ADA Card in the end of the year and Cardano Rust Project that need "to open up Cardano to more developers with an open-source library and encourage the worldwide community to build up this resource." TF: 1D The MACD is trying to break the resistance and make the centerline crossover, it's hard so it will be complemented by significant volume support. The RSI < 50; The EMA lines: 7EMA - Resistance, 30EMA - Resistance, 100EMA - Resistance. Some of our indicators are the worst to open the long-term position, but for me this manipulation at the market not more then MM's game, to acquire as more cheap ADA as possible. I long with $ADA. ENTER: 1200 and lower PT: 1600 and higher GL Traders.
ALong
by LudwigStirner
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001200 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001200) Ending of entry zone (0.00000970) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00001900 TP2= @ 0.00002440 TP3= @ 0.00002900 TP4= @ 0.00003400 TP5= @ 0.00004100 TP6= @ 0.00005080 TP7= @ 0.00006040 TP8= @ 0.00006890 TP9= @ 0.00009180 TP10= Free
ALong
by ForecastCity
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis: . CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001200 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001200) Ending of entry zone (0.00000970) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00001900 TP2= @ 0.00002440 TP3= @ 0.00002900 TP4= @ 0.00003400 TP5= @ 0.00004100 TP6= @ 0.00005080 TP7= @ 0.00006040 TP8= @ 0.00006890 TP9= @ 0.00009180 TP10= Free
ALong
by ForecastCity
8
ADA - Resistance wins for now! Cardano tried to continue its run higher but got rejected once more at the supply zone above and came straight down to support dipping inside the demand zone. We have continued to make lower highs past few days and a break of this demand area could lead us back down to retest the breakout zone again around 1160. MACD still remains flat as we await some type of volatility to reappear and RSI failed to reach resistance and looks to be heading lower as we continued to cool off from that crazy run. Again, just like most altcoins, we are waiting to see if Bitcoin can continue its move higher here taking the market with it or will it dump canceling out all the progress we made all of last week. Thanks guys!
by CM_Trades
CARDANO (ADA/USD) Is Ready To Make a Move!Almost everywhere is chart patterns and Cardano is not the exception, it has the symmetric triangle. Usually, this means if the breakout occurs to either direction then this will show that momentum where the price could heading. Currently, we are on the edge to explode because the price is on the triangle tip, smashed together and ready to make a move. If we manage to break upwards, then this means we have to break above the triangle and we have to break above the 200 EMA which currently works as a resistance. We have a pretty good platform to do this because we have several times tried to break below the August low but those were failed attempts and it holds us nicely. If we manage to break above then there are three targets: 1. The latest resistance - profit around 10% 2. The round number $0.1 - 17% 3. The major resistance at $0.106 - 25% As You know breakout could occur to either direction. If the August low doesn't hold us anymore then we have a breakout below the triangle and You have to consider to sell your ADA' coins because this is an indication that we might and go to test the lower levels. The first area where we could technically considering to buy again is around $0.075. There is the latest support level this level has to be on the 'watch list'! Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis! If You want to get deeper analysis and the latest crypto-news then please visit our site, the link is on the profile! Please, don't forget to hit the LIKE button to support us! Best regards!
by UToday
ADA - Time for a pullback before move higher!!ADA has bounced nicely off the bottom of the channel, which was as the demand area around 1220 and we could now see a pullback to the 61.8%FIB level or to the lower end of the channel again. RSI is nearing resistance but still has some room to move up and MACD has turned bullish so a small pullback is probably what is needed to propel this higher on the next move. Cardano is finding resistance hear forming a tweezer top so far and it would be better to enter at a lower price to increase R:R. Stops set below SFP on the last move below the support zone. Thanks guys!
Long
by CM_Trades
The price has found support lines. The uptrend continueThat's right, on the card the price has the 7EMA, 30EMA and the 100EMA lines as the support so I recommend you to follow the Cardano price closely in the coming days. Some days ago, I reviewed the 3-days TF to understood better what will happen in the near future and by my reckoning, the price must be @0.000016 very soon. What else? The MACD: the centerline acted as the support + bullish crossover; The RSI > 50; ENTER: 0.000012 - 0.000013 PT: 0.000016(near-term 1 or 2 weeks) and 0.00003(Long Term ~2 Months) GL Traders.
ALong
by LudwigStirner
8
ADA - Looking strong for more UPSIDE! Cardano has bounced nicely yet again from its demand zone around 1220 and is currently facing resistance around its 61.8%FIB level. If it could get above here and close on the 4H, we could see another go at the highs and possibly even break them with the assistance of Bitcoin. Volume does seem to be on the low side but a breakout from here could bring some of it back. MACD histo is about to go positive and the signal lines and very close to crossing above the median line. RSI is on the move up and still has some room before hitting resistance so this could still have some juice. Waiting for a pullback to the support level could be the safer play here unless BTC decides to rip higher taking the rest of the market with it. Thanks guys!
by CM_Trades
ADA/BTCNow we see how hell broke the 0.78 Fibo level, but could not resist and punched it down, thus forming a figure of head and shoulders, as well as the right shoulder coincides with the line of global resistance, which was not punched twice the previous time. If the demand for the asset exceeds the supply and we see a repetition of the level of 0.76 Fibo and the global resistance of the falling wedge, this will be a change in the downtrend and in the future we can see new peaks. But in the current situation, after the right shoulder, we are going down to the first level of support, and then we can see testing the second level of strong support.
AShort
by talktocrypto
ADA - Time for a pullback but still looking good! 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 possibly see a test of the liquidity above before resuming lower to the next demand area and possibly the 50%FIB. This does have the look of an ascending wedge that has already broken and is in the process of retesting before continuing its mover lower so keep that in mind. Both RSI and MACD are showing bearish signs, RSI with a lower high and MACD crossing over bearish further indicating a pullback is likely. As such, area marked as demand zones should provide support for Cardano and could be used as areas to scale in long positions while keeping a close eye on Bitcoin. The severity of any BTC pullback will most likely dictate how long ADA goes so don't be too quick to jump into positions at the first sight of a support touch. As always, stay safe everyone! Thanks guys!
by CM_Trades