After a recent drop of more than 30%, Ada formed a wedge pattern. On the chart we can see that every local high was with decreasing volume, now we have broken through the wedge pattern and can come to the zone marked on the chart below!!! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button,...
Price formed a clear resistance line. I see 2 scenarios for buying. 1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest) 2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32 This idea not for people who want to buy and hold. It's...
As we can see the price is up reneging in a parallels channel where it has already hit the parallels legs of Fibonacci projection. it has many chances to retrace down to the lower Boundary where there exist a Support Area too. post the retracement we can target the 161.8% extension level of the same Fibonacci projection and consequently the 261.8% of it...
More than 5 days price is over a big range. The price managed to form a local key level of 1.82. A wonderful entry point will be after squeezing to this level, breakout, and retest. Generally, the coin looks so powerful for growth. I set the alert. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the...
Pattern: Fibonacci Channel on 1D. Signal: Buy as the 1D MA50 (blue trend-line) is supporting while (more importantly) the RSI is showing signs of bottoming similar to January 27 and December 23. Key fact: every time the RSI bottoms while the price holds the 0.0/ 1.0 Fib extensions (Dec 23 and Jan 27 respectively), Cardano shoots up to the 0.5 Fib extensions (1.5...
Both ADAUSDT and ADABTC are testing the 200MAs, which is currently serving as resistance. Should ADA continue to fall, namely a close below 1.067 for ADAUSDT and a close below 0.00002263 for ADABTC, we could get a short entry.
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH, currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9. Looking on the other...
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Trade Setups Below...
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin & Ethereum! Trade Setups Below are the...
Pattern: Rising Wedge on 4H. Signal: Buy once the prices makes contact with the 4H MA50 again (blue trend-line) as it is near the Higher Lows trend-line of the Rising Wedge. Target: 0.48000 (just below the 1.236 Fibonacci extension, which has been projecting the Higher Highs within the Rising Wedge). Previous ADAUSD trade: ** Please support this idea...
Cardano is one of the coins that has seen extraordinary gains already during the first week of the year. However as most coins did, it is seeing a retracement since yesterday. That shouldn't come as a surprise as on the 1D time-frame, the RSI hit a Resistance Zone that is holding since January 2018! More precisely, since April 2019, every test of that Resistance...
Buy zone => 536-546 Stop Loss => 2x 4H candle closes (unseparated by a reversal candle) below the buy zone Target => 690
Pattern: Channel Up on 1D with the RSI sequence replicating the September 2018 - February 2019 consolidation pattern. Signal: Bullish as this pattern led to an aggressive spike (confirmed by a Golden Cross). Target: 0.000009 (just below the 0.382 Fibonacci retracement level as on the April top).
Pattern: 1W Channel Up. Signal: Bullish after the 1D consolidation is completed near the Channel's Higher Low. Target: 0.170000.
Simple Fibonacci levels provide the bullish signal here. Since the All time Highs, ADAUSD was being rejected on the 0.236 Fibonacci retracement. Last time this level broke the uptrend has been sustained and no Lower Low has been made yet. This is a long term bullish signal. Target: 0.08300 which is the 100% gap fill from the latest aggressive decline.