ADA: Channel UpCardano (ADA) technical analysis:
Trade setup : Price is in an Uptrend, trading in a Channel Up pattern. Likely to revisit the channel resistance trendline around $0.50, which also lines up the horizontal resistance zone. After 3x failed attempts, price finally broke above $0.40, indicating that buyers have soaked up all the supply from sellers and price could resume its Uptrend with upside to $0.50.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.40, then $0.30. The nearest Resistance Zone is $0.50, then $0.60.
J-ADA
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Cardano (ADA) rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets.
Following a low of 0.38 on Tuesday, ADA/USD raced to an intraday high of 0.4166 earlier in today’s session.
Today’s surge in price saw Cardano climb to its highest point in six days since the token was trading above a ceiling at 0.4200.
Looking at the chart, Wednesday’s move came as the relative strength index (RSI) broke free of a resistance level at 53.00.
At the time of writing, the index is now tracking at 55.12, with an upcoming ceiling of 58.00 a potential target for bulls.
Should this point be hit, it is possible that ADA will move back above its point above resistance.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin - there is important resistance ahead!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of HKEX:27 ,500 and the price again came to test HKEX:30 ,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level.
Important bitcoin levels:
On the technical side: we have two resistances, a local HKEX:31 ,080 from where Bitcoin started its correction to the range of HKEX:27200 -27500 and there is a global resistance of 0.5 Fibonacci HKEX:32 ,500 from where a strong buyer may appear.
What does bitcoin need to keep going up?
Still an important support zone is the HKEX:28 ,000-28,500 range, the price is still close to this level, for a further trip to the HKEX:31 ,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the HKEX:25 ,000-24,000 zone
Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on HKEX:34 ,000-36,000
To all those who have gained Longs with a profit, do not forget about risk management!
✴️ Cardano: Look Closer, The Potential is Huge | #OKXideasLet's go back to Cardano because this is one chart, one Altcoin, one pair that looks really good... Let's focus on the bigger picture and not just the short-term.
Notice on the left side of this chart, the black downtrend line... It has been broken.
When a trend is over, ends, a new trend develops.
As the bearish trend is over, a new bullish trend takes place.
Now, a bullish trend is not just one high or some growth for a few weeks or months... A bullish trend is defined by sustained higher highs and higher lows.
What this means is that we are set for growth.
Once we hit bottom, the only place left to go is up.
Cardano did hit bottom... We are very happy to see it recover and grow.
Namaste.
Bitcoin is out of an important range!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
LOCAL:
Technical on the 1H timeframe there was a breakdown of the local countertrend line, this may cause further growth to the important resistance level of HKEX:28 ,500
Let's hope that the HKEX:27 ,500 zone will remain the impetus for going to the HKEX:30 ,000-32,000 zone
AAVE - explode after breaking the trend line!!!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I decided to buy #AAVE coins for spot 5% of the deposit.
▫️Technical: the asset is in a global downtrend, this can be seen from the global countertrend double line that fits well on the chart, I have identified an area of interest in the range of HKEX:69 -65 from where I am going to buy and buy more coins if the correction continues.
▫️The main buy setup is a breakdown of the global trend line, which in the future can create a strong impulse in the range of $100-125. Attention this is not financial advice, just sharing thoughts on the schedule.
---MY OPEN POSITIONS:
▪️BTC LONG - TBX HKEX:27 ,250 10% of deposit.
▪️ETH LONG - TVX - 1835$ 10% of the deposit
▪️ETC SPOT - TVX $18.85 15% of the deposit.
▪️TWT SPOT - TVX 1.1777$ 2% of the deposit.
▪️AAVE SPOT - 5% 68.5$ 5% of the deposit
▪️LEVER SPOT - TVX 0.0019$ 2% of the deposit.
▪️DOGE SPOT - TVX $0.08970 4% of the deposit.
Happy trading and good mood everyone :)
ADAUSDTADAUSDT
Thoughts
An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation).
Here are some sample thoughts for those who want to enter a position on futures:
ADA long
Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line)
🔘Position addition: 0.4005
Shoulder: 5-10X
🟢Take-Profit: 0.4960 - 0.5552
🚫Stop: 0.3736
Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -...
If you like the idea, don't forget to subscribe and rate like👍
🔥MATIC TRADING PLAN: EXPECT 30-45% PUMP WITH BULLISH BTC AS KEY🔥Hi, friends! I don't think that MATIC will update the local high at $ 1.57, but it has the power to make a local pump by 30-45%.
This is in line with my vision global vision on BTC that there will be one more pump before this local bull market will end.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the trendline
2. the volume growth which in 70-80% confirms that the bottom is reached
3. bullish BTC is a must-have for altcoin growth
✅ THE MAIN TARGETS FOR MATIC:
🔥$ 1.25 - the ley level and local high
🔥$ 1.50 - the key level and even number which is usually the strong resistance/support
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Bitcoin is over if the buyer loses this zone!!!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, let's talk about bitcoin from the technical side and analyze the important areas, because at the moment many are interested in the question, is the correction over or is it just the beginning of a downward movement?
At the moment, the price of the asset is testing the important HKEX:27 ,350 zone, which is a very important support for bitcoin, if the buyer cannot hold this zone, then most likely we will see a continuation of the downward movement to the HKEX:25 ,200-23,800 zone, since there are traded volumes and the price is where linger.
So far, the week has not opened badly, above the previous Low of HKEX:27 ,150, which is positive and sets up the fact that the buyer will again be able to return the asset to the HKEX:28 ,500 zone and hold the price there to continue the upward movement.
BNB - Hike to your past "high"Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
On the technical side: the asset is approaching a strong local resistance at 0.786 Fibonacci, from which we can expect a rebound to the local support level to the level of 0.618.
At the moment, you need to wait for confirmation of the local resistance of HKEX:338 , if the asset breaks through this price level, then it is also possible to exit the triangle and go to HKEX:400
The opening of the new week started very well, without the continuation of the market correction, let's hope that the buyer will become active in the market again and we will see a continuous growth! All successful trading.
LEVER - a coin that will give X?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️From the technical side: the price of the asset has broken through the local trend line, which may cause a continuation of the downward movement towards the important support of 0.618 Fibonacci ($0.0018-0.001750)
▫️I decided to buy a coin for 4% of the main deposit, 2% came from the current ($0.0019) and put up 2% interest for additional (0.001755$)
‼️Guys, pay special attention to such projects, try not to overestimate the risks on coins with a small capitalization, be careful!
DOGE - buy more on market correction!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, I wrote earlier that I bought dogs for 2% of the deposit, and since I closed the short position on BTC, which contained 30% of the deposit, now I can say my hands are untied and I can gain alts for a small% of the depot.
According to DOGE, I have identified for myself an area of interest on the 2D chart $0.07893 (gray line) from there I am going to get another 2% of the deposit. Attention made without leverage! I am ready to sit out the correction even if we go below the zone of interest.
I am writing about this because there is a risk of seeing a test of the global support of $0.06790 earlier I was waiting to buy from there, but we saw an unexpected market reversal, plus Elon Max propamped the asset by +30%
ETH - there is a correction to the line of the thread.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
ETH - received a block order above HKEX:2000 gray resistance line MYX:ECM
While ETH is not particularly eager to correct with bitcoin, you can notice a slight lag on the charts, if bitcoin breaks through the HKEX:28 ,500-28,200 zone and manages to gain a foothold lower, then most likely ethereum can go to test the trend line in the $1700-1550 range
So far, there is temporary support in the TSE:1730 range, maybe we will see the buyer's reaction towards HKEX:2000 again from there.
Bitcoin - out of the wedge! The start of a big correction?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
There is a contact - bitcoin is testing an important zone! All attention to the schedule, wrote about it earlier.
Technical: a perfect exit from the wedge and a test of the important HKEX:28 ,450 zone, which has already received a small reaction. So far, I see that there is pressure from the seller, but I also do not rule out that we can again see a rebound in the range of HKEX:30 ,000-30,500. So far, we are seeing a razor for those who believed in strong growth from 30 and now they are being made to doubt it.
Guys, I decided to get out of the short position that I gained not so long ago, it was not easy against the local bullish trend, but I managed to close in a small plus, then, as I said, I will strengthen the altcoin portfolio.
Leaving below HKEX:28 ,500 and fixing below will mean that the downward movement may continue to another strong level of HKEX:25 ,500-25,200
🔥FTM GROWTH WILL IMPRESS YOU: THE 3 TARGETS FOR THIS ALTCOIN🔥Hi, friends! Fantom has been quite the rollercoaster ride in the world of altcoins, with its volatility making it a topic of much discussion among crypto enthusiasts.
Recently, there has been a trendline breakout that has many traders wondering what the future holds for this digital asset. While some believe that this break may be temporary, others predict that it will return to the value area once more. One thing is for sure, the $0.53 key level will be a major hurdle for Fantom to overcome as it tries to make its way back to the top.
📊 TRADING PLAN FOR FTM:
1. return to IMPORTANT $0.44-047 value area after the local growth
2. volume growth as it usually happens at the bottom
3. bullish BTC is a must-have for the growth of 99% of altcoins
✅ THE MAIN TARGETS FOR FTM:
1. $0.53 - the key level and local high
2. $0.66 - the key level and local high
3. $0.75 - even number and key level
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥POLKADOT IS GOING TO PUMP AFTER THE PULLBACK! $10 IS A TARGET.🔥Hi, friends! Polkadot is squeezing to the trendline and trying to break it down. I think that one more pullback from the trendline is highly possible and the breakdown will happen soon.
Bitcoin feels so weak and a fall to $ 25-27k is almost inevitable, so the 99% altcoins will follow BTC too, including DOT.
📊 TRADING PLAN FOR DOT:
1. squeeze and breakout of the trendline down
2. test the $5.75 key level as the support
3. volume growth
4. bullish BTC
✅ THE MAIN TARGETS FOR DOT:
🔥 $6.7 - the local highs
🔥$ 7.9 - the key level and local highs
🔥$ 10 - the key level and even number
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥 ADA Inverse Head & Shoulders: Retest Into Bullish Move?Over the last half year or so, ADA has been following an inverse head & shoulders pattern. Classically, inverse H&S patterns occur at the end of bearish trends.
As of a couple days ago, ADA has broken out of said H&S pattern. However, with BTC trading bearish today, ADA has gone for a retest of the neckline.
Theoretically, we can reverse from here and burst upwards. However, without BTC going up ADA will go nowhere.
If BTC flips bullish/neutral, ADA might see a big bounce from today onwards, else we're just going down like the rest of the markets. A daily candle close below the neckline would be an invalidation of this pattern.
In case we reverse, targets in blue.
ADA's situation+next targets and expected movements.ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.7 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ).The break out has occurred . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for ADA will be around 0.7.
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
ADAUSDT 1HADAUSDT 1H
Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought.
• There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I believe will continue the bullish pattern imposed in recent hours.
Here are the supports and resistances:
Supports 0.4370 / 0.4296
Resistances: 0.4462 / 0.4505
RSI : Seller
MACD: Buyer
MM200: 0.4267
EMAS : Neutral, which may indicate an accumulation period