J-ADA
Bitcoin - a possible takeaway before the next fallHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Greetings friends! I sketched such an interesting plan for a bitcoin chart on TF 1D.
The boring flat continues, but the price forms bullish patterns for us, this time a falling wedge, which, as we see, has already been broken and, perhaps from this breakout, we will see a reaction a little higher than $29,500.
At the moment, I don’t see a scenario to go above $30,000-30,200 (600-800 pips) Bitcoin is still under strong pressure from the buyer and there is a presence that they can even start dumping without a rebound, so be careful if you take long margin positions with high leverage.
I think I'll be in position soon, watch the market for a while... But it will be nothing more than a scalp.
it's time to going up for ADAUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want closed the position but our target is the third one)
be rich...
and
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management)
*************************************************
if you want to enter in this position:
Enter Price: 0.3136(when completely closed here or higher, not different)
Target1: 0.3155
Target2: 0.3192
Target3(Final Target): 0.3221
Stop loss:0.3111
*************************************************
Bullish Signals for ADA Amidst Neutral RSIDuring the past days, ADA has reacted positively to its second support in the range of $0.30, and selling pressure has decreased on this support. The RSI level on a daily timeframe is currently at 52, suggesting a relatively balanced state of buying and selling pressures, neither indicating overbought nor oversold conditions.
The downtrend line drawn on the chart has been broken, indicating a potential shift in the market sentiment. However, despite this breakthrough, the buying power has not been enough to push the price up significantly, and there is still no strong indication that the price of Cardano is going up.
For a more convincing bullish scenario, a strong signal would be to see ADA break the resistance of the $0.32 range again and stabilize the price above this level. In this way, Cardano's higher targets will be in the range of $0.36 and $0.38. But until then, another downward swing from Cardano may be seen, and the RSI at 52 suggests that the market sentiment remains relatively neutral.
The fluctuation may continue until the starting range of the last bullish spike candle, i.e., the price of $0.289. If we see a positive reaction from this area, combined with an increase in buying pressure and a potential rise in the RSI, we can expect the growth of Cardano again.
In summary, the recent positive reaction from ADA's support levels, the break of the downtrend line, and the RSI at 52 indicate a somewhat balanced market. To confirm a more definite upward movement, breaking the resistance at $0.32 and observing a potential rise in the RSI will be crucial. Until then, caution should be exercised, as the price might experience fluctuations and may retest the starting range of the last bullish spike.
ADA 1D ReviewHello everyone, I invite you to review the ADA chart in a one-day interval. As we can see, the price has broken the downtrend lines, but you can see that the price is moving just above it, which could bring the ADA back into the downtrend.
Let's start by marking the price support spots and we see that first we have a $0.28 to $0.25 support zone, however if the price goes down we have another support at $0.22 and then a $0 support at $18.
Looking the other way, we can similarly identify the resistance points that the price has to face. And here we see that the current price quickly moved back to the resistance zone from $0.33 to $0.36. We still have $0.38 resistance, only when price breaks out will have to break through the very strong $0.40 to $0.42 zone.
As you can see, the attempt to exit the EMA Cross 200 up failed and the price quickly returned to the downward trend.
The CHOP index indicates that we have a small upward movement and a lot of energy is gathering, the RSI indicates a sideways trend and movement around the middle of the range, be careful because the energy collected can be used for dynamic movement. The STOCH indicator indicates that we can expect small increases, however, downward movements give a much larger price movement.
ADA/USDT bullish move incoming!! ?👀Cardano Today Analysis💎ADA is gearing up for an impressive bullish move.
💎 A few days ago, ADA effectively mitigated the bearish Order Block (OB) after grabbing liquidity, setting the stage for a downward move.
💎 Currently, ADA is trading in a demand area, and we anticipate the price to reach the level where it first faced rejection.
💎 The significant surge in volume is also indicative of a potential upward move. There's a bullish OB present at $0.2895, and we expect the price to reach this level before initiating a bullish move.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Bitcoin - you need to overcome resistance to grow!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Guys, some thoughts on the futures chart:
The ascending channel in which we have been for so long was broken by the downward movement to the $ 28,850 zone, I wrote about this earlier and said in each of my posts that I expect such a scenario and therefore I held a short position for more than a month, the plan worked out for me, we left the channel I fixed a profit, cheers)
At the moment, the price of bitcoin is trying to return back to its usual range of $29,800-$30,400, or rather, the buyer is trying to return the price, but the seller’s strength continues to dominate, and as we can see on the chart, we received a reaction from the mirror level of $29,670, the upper part of the channel and bitcoin is again going to test the local support, channel from below.
I expect that we will still see a movement below $29,000, but I don’t see a super big drain yet, maybe it will happen through a rebound to $30,000-30,400 and from there it will go to break through the support of $28,000-27,500
Friends, not financial advice, just sharing my thoughts on the schedule, at the moment I am out of position, just watching from the side :)
Triangular Pattern and Corrective Wave AnalysisIn the 4-hour timeframe, ADA is currently exhibiting a triangular pattern, indicating a corrective wave D. With the recent breach of the upward trend line depicted on the chart, it is likely to progress to complete wave D, followed by wave E. Observing the support levels in the range of $0.2800 and $0.2680, it is possible that these levels may mark the initiation of wave E.
My POOR ADA dying on the 12 hr timeline :(Chart are specific to where market is moving to...not financial advice but use as a tool!
ETH - the price has left the channel, what's next?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, I will update the ETH idea a bit:
So far, everything is going according to plan, after tightening the lower border of the channel, the price was able to break through the support and the walls of the orders that the market maker placed earlier are starting to work out. The most interesting thing is that we got a -2% decrease on the weekend when no one really expected it, I think I managed to warn you in advance :)
At the moment, the plan has not changed much - I continue to keep the scalp short position to the support level of $1820-1825, the market maker has not yet removed the walls from the orders and continues to exert pressure, perhaps we will see a movement below the support of $1820-1825 through a slight rebound, there will be changes, I will definitely inform you.
Bitcoin is an expanding triangle and a channel, which is faster?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, I found another interesting formation that can work out in the future, from the technical side it is called the "expanding triangle.
At the moment, we are seeing that the price on 12H has already bounced and is striving to test the resistance from above at $31,950 in the "triangle", perhaps the price will bounce earlier, as I wrote earlier, a return to the range from $29,650 to $30,500.
In general, the picture is not entirely clear yet, because on the futures chart we have an "upward channel that has already worked from above and should reflect from below by $28-27K
Guys, I continue to hold a short position with TBX $ 31,250 I decided to share this chart because it can also work itself out in the future and you need to be as careful as possible with short positions and follow your risk menu. All the best and happy trading!
ADA 4HInterwal Resistance and SupportHello everyone, I invite you to review the ADA chart in pair to USDT, also on a four-hour interval. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving.
Now let's move on to marking the places of support. And as you can see, we have the first support at $0.29, then we have a support zone from $0.27 to $0.26.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first significant resistance at $0.33, and then the price needs to break the resistance zone from $0.35 to $0.37.
The CHOP index indicates that there is a lot of energy harvested. The MACD indicator indicates a transition to a local uptrend. On the other hand, on the RSI we are in the middle of the range, which makes it difficult to turn the direction of the price, but adding the collected energy and entering the uptrend on the MACD, we can see an attempt to increase the price.
Cardano ADA price at a crossroadsAt the beginning of the year, ADA holders rejoiced that their coin was one of the first to break the long downward trend and that its price was expected to grow strongly.
However, there were 5 attempts to break above the strong mirror level of $0.42-0.43 and all failed, so it turns out that "someone" was selling out.
Did "they" know in advance that in early June, the SEC would say that Cardano's ADA is a security and that the ADAUSDT price would strong fall on the negative news?
I would like to believe that this is a coincidence, but the crypto market is currently unregulated and anything can happen.
We're keeping our "fingers crossed" that ADAUSD buyers will manage to break through and gain a foothold above $0.295. This will open the way for them to reach at least $0.36, and if they are lucky, the notorious $0.42-0.43.
However, we must also admit that if you look at the global chart, you can see that the ADAUSDT price still has room to fall. For example, to $0.17-0.18.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
ADAs dilly fades away. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
...almost a full retrace of the dilly.
This is a good place for bulls to prove themselves.
Losing this level wouldn't be the greatest look, MO.
Other levels of interest, but this would be a nice one to see an impulse up from.
Cheers!
ADA long updateCRYPTOCAP:ADA update...
#Cardano is bouncing on R/S mtf level... Waiting for a breakout on the meme trendline and retest to jump in... Target 0.618 fib...
Only when confirmed...
#trading
@Cardano
ETH - will leave the channel in the wake of bitcoin?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Ethereum similarly built an ascending channel only already at 4H TF and is also actively pressing the support of the pattern, from which we can probably get a small reaction from the buyer, a small rebound)
While the main local support for ETH remains the level of $1825, which was already tested last week, I wrote about this support and there were plans to exit the short position there, but plans changed and I closed the position earlier.
As you understand, my thoughts are on a downward movement and an exit from the channel at a breakdown of the support level or through a small rebound and the first target will be the range of $1820-1800
So far, only from marginal Bitcoin positions to short with TBX $31,250
Will the exit from the "upward channel" be classic? When is DumpHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, I fell out of trading a bit, as always, when moving, on flights, but now I'm already at the base and ready to return to work with renewed vigor.
In general, nothing much has changed while I was away from the channel, the new formation "upward channel" that I found on 12H looks very good, on recent news, they removed jewelry liquidity from above $ 31,850 test of the upper border of the channel, at that time I fixed altos #AVVE and said that the correction from this XRP hype would not be long in coming :)
And what do we see now? The price is actively pushing the support of the $30,000 pattern and we are already seeing a small downward exit from the ascending channel, although it looks weak so far. This suggests that the seller has not yet activated at full strength, but I think this is temporary and we will see a powerful movement very soon. I have allocated for myself a zone of $27,780-28,000 where I will already think about fixing my short position with TBX $31,250.
By the way, the indicator also began to slowly change into short shoes on older timeframes, but not on all functions! So something here is quite possible to expect a slight rebound, from about $29,650 to $30,000-30,500 is not a long signal! In general, while I'm watching and if there are any changes, I will definitely let you know❤️
#ADAUSDT's Remarkable Bounce off Support and its Implications💎Yesterday, #ADAUSDT exhibited a precise bounce off the 227.2% Fibonacci retracement level, instilling strong hopes of an imminent trend reversal. However, caution is warranted as the price approaches a supply zone and remains below the downtrend trendline. At present, the market does not present the most secure buying opportunity, and sellers should remain vigilant.
💎In light of these factors, #Cardano needs to surmount the current obstacles to solidify its bullish intentions. Until then, we should anticipate range trading and a volatile price action. Nevertheless, it is only a matter of time before the price breaks, either below the support or above the resistance, signaling the opportune moment for MCP to take action.
Stay prepared, Paradisers, as we navigate the path ahead. 🌴
Strong Support Zone Suggests Bullish Potential in Wave CAccording to the analysis based on the previous resistance level, Cardano has established a solid support zone at approximately $0.32 within both the 1-hour and 4-hour timeframes. This range could potentially signal the beginning of an upward trend in wave C, indicating a bullish outlook.
ADA Trading Plan, July 16th – 22nd, 2023• ADA is one of the big winners following XRP’s legal victory. The chances of ADA being deemed a security are reduced. The probability of a new bear market low is diminished as well.
• On July 13th and 14th, ADA had a massive price increase of over 30%. Currently, it is retracing to the liquidity pool it left behind.
• The closest support level is the previous range high, at 0.305 USD.
• The closest resistance is at 0.33 USD.
Weekly Bias:
• My weekly bias is bullish. IMO, ADA’s price was suppressed for a long time. It has a solid base between 0.27 – 0.30 USD. I do not think it will go lower than 0.285 USD.
• My preferred scenario is for ADA to fully retrace the liquidity pool, find support on the previous range high, and continue to the upside. Regardless, most of the liquidity pool is already taken. ADA could continue up from this point.
A long trade from the previous range high has a better chance of success (IMO) and a better R: R.
Trade Idea No. 1:
• Entry: 0.33 (S/R flip).
• SL: 0.3169 (Daily low).
• Target: 0.38
• R: R: 1:4
Trade Idea No. 2:
• Entry: 0.305 (S/R flip).
• SL: 0.291 (Demand zone).
• Target: 0.38
• R: R: 1:5
NFA.
What do you think? Please share in the comments.
Best Wishes.
Maintaining Support, Price Surge, and Potential GrowthADA has successfully maintained the lower boundary of its short-term ascending channel, leading to a significant price increase within the specified resistance levels. This upward movement exhibited rapid and substantial gains within a single daily candle. However, the resistance at the $0.38 range triggered a strong negative reaction, causing Cardano's price to decline to the $0.32 support level. Remarkably, the demand for Cardano surged once again in this area. These developments indicate that Cardano is now operating within a broader range trend, demonstrating positive and bullish momentum in shorter time frames.
Upon analyzing the chart's resistance and support levels, two key support levels have been identified for Cardano at $0.32 and $0.30. By effectively maintaining these support levels, Cardano has the potential for further growth and a more comprehensive approach towards the $0.38 resistance level.
