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...
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...
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...
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 is simply extending the Lower High of the 1D Channel Down on a sideways consolidation attempt (RSI = 48.879). Apart from that 1W remains a strong Channel Down (MACD = -0.036, Highs/Lows = -0.0089, B/BP = -0.0618), suggesting that on the long run there is no reason to change our shorts (TP 0.078501 (Dec 08, Nov 30, 2017) and 0.059995.
Over a long time, we can pick up some positive signs from the cryptocurrency market and so as our next analysis - Cardano (ADA)
We have been on the down-Train, yes train, for a very long time but at the moment looks like we have some changes in the market structure.
Around $0.09 area, we have found a bottom what we have tested two times and we can call this a...
ADAUSD is approaching the Lower High limit on the 1D Channel Down (RSI = 43.696, MACD = -0.010) and 0.1100 should hold and be enough to reject the price towards 0.078501. If that breaks then the price will seek confirmation near the Lower High of the 1W Channel Down (MACD = -0.036, Highs/Lows = -0.0186, B/BP = -0.0814). In both occasions, Cardano will remain...
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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...
ADAUSD has broken today the supporting curve and extends its losses on a standard 1D Channel Down pattern (RSI = 34.139, MACD = -0.013, Highs/Lows = -0.0063, B/BP = -0.0137). Our last TP of this bearish leg remains 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension, and unless we have a break-out above the Lower High limit of the Channel Down...
ADAUSD TRADE
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
TP1 = 0.099141 (December 11th, 2017 low) hit as Cardano followed methodically the curve shape on 4H (RSI = 45.508) to a 0.8355 bottom. We now see this pattern reversing as implied by the rising curve on its way to a critical level which is 0.1157. That is our break-out point for the short term trend setting as it is the Lower High on the smaller Channel Down on...
Due to the bearish market, altcoins are very easy to predict.
Signals:
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...
ADAUSD
Good opportunity to short Cardano right below $0.13.
1. The setup of the moving averages is turning bearish;
2. The price broke the up-channel;
3. The price is in a consolidation phase after a strong down-movement.
Next Target: $0.11
Cardano has formed a head and shoulders pattern followed by rejection of the trendline and red cloud. If I were looking at the chart alone, I would be shorting, but RSI tells us the rising support at the base, so a long is equally possible. Stoch has room to run too, so at the very least we could be holding the current price.
If this break the white base I...
Cardano looks very bullish right now, seems to have tested the base with the head and shoulders, now looking to break out for a 5% profit. This is a strong buy in my book, I already entered at 1834 when my limit order was filled. *My stop is 1864, so if the rally fails I can still rebuy at a cheaper price.
Buy in:
On white trendline if breakout fails, which is...
