✴️ Cardano | RSI Long-Term Signal ExplainedI am going with Cardano again because I have a very interesting signal to show you.
This signal is based on the Relative Strength Index (RSI) and goes as follows... Let's start with the chart.
So much to look at in a single chart.
✔️ 1) We have a long-term higher low; Dec. 2022 vs Dec. 2018.
✔️ 2) The cup (yellow) pattern indicates a bottom formation. By bottom we mean that it can't go any lower.
✔️ 3) The middle line in blue is 50. RSI above 50 weekly is super-strong, the bullish zone. Currently the RSI sits at 57.81.
✔️ 4) Straight up. The RSI line is literally a straight up line, pointing up with growing momentum.
✔️ 5) There is plenty of room left for additional growth.
You can read yesterday's trade idea for the short-term.
We have a 200 day high, the higher low, volume, etc.
✴️ Cardano New 200 Days High
Thank you for reading.
Remember to boost, comment and follow.
Your support is truly welcome and appreciated.
Namaste.
J-ADA
✴️ Cardano New 200 Days HighYesterday ADAUSDT hit its highest price in 200 days as it launched a new open source tool to develop smart contracts on Cardano, Aiken.
The chart continues to look pretty good...
What one does, the rest follows!
Cardano hit bottom late Dec. 2022 and started the year with a bang, same as the rest of the Altcoins market.
After peaking in February a strong correction took place which is normal after a period of sustained growth.
This correction ended mid March, the 10th of March to be exact, in a higher low.
Now we are witnessing the resumption of the bullish trend.
This is something we have been tracking/expecting and it is likely that additional growth will follow in the coming days.
Namaste.
✳️ Double Bullish Divergence & Volume Confirms Reversal | ADABTCCardano bottomed 20-March vs Bitcoin and this can be confirmed through multiple chart signals.
Feel free to boost and let's dive in.
First, we have a double bullish divergence, classic, plain and simple.
We can see Cardano (ADABTC) printing a long-term lower low between March 2023 and May 2022.
The MACD on the other hand printed a long-term higher low in this same time window:
The RSI's bullish divergence is younger but still valid and strong, March 2023 vs Dec. 2022:
The signal is still valid and good.
Next, for a low/support confirmation is the volume signal.
We have high volume May 2022, just check the volume line/bar on this date on the chart.
March 2023 as a new 10 months low is hit, no volume/low volume.
A new low with no volume signals that this move is either weak, already over or just the market looking for liquidity rather than a trend continuation move.
With all this said, there can still be more correction but this is a low probability scenario.
A new low can be hit with the same conditions described now because it is still early on the bounce and no volume on the way up.
Now, looking at the other Altcoins, such as XRPBTC and SXPBTC, we see the reversal is already taking place.
Thank you for your continued support.
Namaste.
🔥 Cardano Bullish Channel: Slowly Grinding Up!ADA has been trading inside this bullish channel for nearly three weeks now. I'm anticipating that it will continue to do so in the near future.
I'm looking for a move towards the bottom support area of the channel before considering an entry. Target is the top of the channel.
ADA LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA/USDT Technical Analysis Update: Bullish Breakout Potential &ADA/USDT Technical Analysis: Potential Bullish Breakout in Sight
Cardano (ADA) is currently trading at $0.41, showing a 39% increase from its recent bottom. In this technical analysis, we will discuss the potential for a bullish breakout in ADA/USDT and the target price if it occurs.
White Neck Line Resistance
Left Shoulder, Head, and Right Shoulder Formation
Potential Target Price
Stop Loss
Conclusion
Inverse Head & Shoulder White Neck Line Resistance:
The current price of ADA/USDT is testing the white neck line resistance, which, if broken, could trigger a bullish breakout. Therefore, traders and investors should keep an eye closely on the current price level and monitor the price action closely.
Left Shoulder, Head, and Right Shoulder Formation:
The left shoulder, head, and right shoulder formation is a well-known technical pattern used by traders to identify potential trend reversals. In the case of ADA/USDT, the pattern has already formed perfectly, with the current price level testing the white neck line resistance.
Potential Target Price:
If the breakout occurs, the potential target price for ADA/USDT is $0.73, which is a 76% increase from the breakout level. However, it is important to note that this is not a guaranteed outcome, and the price may fluctuate depending on various factors.
Stop Loss:
To mitigate potential losses, traders should place a stop loss below the neck line support. This will limit the downside risk in case the breakout does not occur or the price reverses.
Conclusion:
In conclusion, the current price level of ADA/USDT is testing the white neck line resistance, and a bullish breakout may occur soon. However, traders and investors should do their own research and analysis before investing in any cryptocurrency. Technical analysis is just one tool that can be used to make informed investment decisions.
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✅ADA is expected to move to 0.7$ADA has created an Inverse head and shoulder pattern which means that the price shall increase as much as the measured price movement (AB=CD).the break out is about to occur so stay tuned for a sharp bullish movement. The resistance for this movement sits around 0.7
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
Shanghai Fork tomorrow will ETH be $2000 or will there be a DUMPHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The question is, when will ETH break through the psychological level of HKEX:2000 ?!
On the technical side, we have two resistance levels of 0.5 Fibonacci level and a gray line on the chart that acts as a local resistance of $ 2015, the support level is a trend line in the range of $ 1650-1610 to which the asset may soon come.
Tomorrow, the long-awaited FORK called Shanghai will be released and there will probably be an upward movement towards HKEX:2 ,000 from it, or we will already be able to catch this mark today from the US CPI data at 15:30 Moscow time.
Bitcoin $30,000 Starting a New Bullish Cycle?!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 can congratulate everyone who was waiting for the long-awaited figure of HKEX:30 ,000 for bitcoin!
The technical chart looks like a continuation of the upward movement, to the range of HKEX:31 ,450 this level represents resistance from which a small correction may follow, or a stronger resistance level of HKEX:32 ,750 to which bitcoin can easily reach and from there we will see a strong correction.
Also today, a number of US macroeconomic data are being released from which there will be increased volatility:
▫️CPI data 15:30 GMT.
▫️FOMC minutes 21:00 GMT.
So do not relax much, especially those who are in Long positions, they will take out in both directions, I advise you to incur a stop plus or at no loss.
Cardano ADA Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Cardano ADA:
ADA/USDT short
Entry Range: $0.38 - 0.41
Take Profit 1: $0.34
Take Profit 2: $0.28
Take Profit 3: $0.24
Stop Loss: $0.44
✴️ Cardano Massive Growth Potential Intact... Prepare!Both Ethereum (ETHUSDT) and Bitcoin (BTCUSD) hit a new high recently... Cardano will not stay behind, mark my words.
Cardano (ADAUSDT) and the rest of the Cryptocurrency market is set to follow... It is set for astonishing growth.
The next target we are aiming above $0.5555 but this is only the end of the third wave, remember that the complete pattern is 5 waves, the bulls are only getting started.
Namaste.
🔥ONE MORE PULLBACK TO PUMP CARDANO ABOVE HIGHS: THE 3 TARGETS!🔥Hi, friends! Cardano like most of altcoins follows the BTC. I expect one more BTC pullback, so ADA can go lower too. I think that Cardano will pump by +20% at least.
📊 TRADING PLAN FOR ADA:
1. pullback to $0.345-0.3 value area
2. volume growth confirms that the bottom reached
3. bullish BTC
🚩 One more scenario is a pullback below to the $0.32-0.33 value area. It's a deeper pullback that will take the most long traders sl out.
✅ THE MAIN TARGETS FOR ADA:
🔥 $0.42 - the key level and local high
🔥 $0.44 - the key level
🔥 $0.50 - the key level and even number
Traders, what is your favorite altcoin to trade? Which altcoin should I pay attention to? Write in the comments!
💻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/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 It bounced for the second consecutive session as the coin moved away from the recent support points.
After a low of $0.3783 on Friday, ADA/USD rose to a one-day high of $0.3902 to start the weekend.
After an unsuccessful breakout attempt, Cardano moved further away from the recent bottom at $0.3775.
Bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00.
The index is tracking traders at 56.96 with a potential target at 60.00.
Should they reach this destination, there are good chances that ADA will trade above $0.4000.
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
🔥MANA IS ANOTHER ALTCOIN WHICH WILL BRING THE HUGE PROFIT!🔥 Hi friends! Decentraland (MANA) is one of the most popular Game-Fi projects. I think the long long trade will be very profitable, especially if you will use my preconditions to open a long.
📊 TRADING PLAN FOR MANA:
1. liquidity collection below the $0.58-0.61 value area
2. volume growth
3. bullish BTC
✅ MY TARGETS FOR MANA:
🔥$0.72-0.75 - the value area
🔥$0.84 - the local high
🔥 HKEX:1 - the key level and local high
Write your thought about this altcoin in the comments. What is your targets for MANA?
💻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 ANALYSIS (ROADMAP) (12H)We had previously published an analysis of the ADA model, which we thought had a diametric.
Considering that the post-pattern movement of G wave did not occur from our diametric, it seems that the pattern is out of diametric and is symmetrical. The previous analysis has expired and this analysis is valid unless there are changes announced later.
ADA Bullish long, 0.30-0.32 DOWN, GREAT BUY ZONEimagine, its currently July and the crazy bull market has begun after long hell. currently lots are bearish short term, sentiment as a regular person is were getting a leg down, this isnt going away anytime soon in the days, but longterm this is setting up well, coming out of the bearish flag, breaking downwards, safe area probably 0.33 - 0.34 but if you wanna get frisky you can set a buy order down around 0.28-0.31. i think its only natural that we fall below just for fun, i know lots of people want to buy in a little bit lower to get that feeling of when the market had busted, but its impossible to know if it will. this will definetly play in for the next couple months but for the cardano community, this is the moment we've been waiting for forever. ADA will make strides like never before
Cardano (ADA) in Bearish Territory: Will it Bounce Back?Let's talk about Cardano (ADA), the cryptocurrency that's been making headlines recently. So, ADA is currently trading at $0.3797, which is a drop from its recent highs. Looking at the 4-hour timeframe, we can see that ADA has an RSI of 41, which means it's in the oversold territory.
If we take a look at the Fibonacci retracement levels for the 4-hour timeframe, we can see that ADA is currently trading below the 0.5 level of 0.3879, which could mean that the price is likely to continue its downward momentum. The Bollinger Bands are also indicating a possible downward trend, with the current price of ADA trading below the middle band of 0.3912.
But, don't lose hope just yet! The oversold readings on both the RSI and Stochastic Oscillator, which is currently at 17.72, suggesting that ADA could potentially rebound in the near future. Plus, the Volume Oscillator is indicating an increase in trading volume, which is always a good sign.
However, the MACD is only at 0.0003, which is a relatively small value, so there might not be a lot of momentum behind the price movement. Overall, it's important to keep an eye on the price action and various indicators to make informed trading decisions.
So, to sum it up, ADA is currently in a bearish trend, with the price trading below key support levels. But, the oversold readings and increase in trading volume could potentially lead to a correction or rebound in the near future. Keep an eye out for further developments and make sure to consider all the indicators before making any moves.
Time to grab some ADAHello Traders!
Welcome back to another trade with analyst Aadil1000x.
This analysis is for the spot traders. Market is now strongly bullish as bullish formation is already completed and it will take off soon. There was the combination of patterns to develop non stop bulls and the formation is now complete.
There are 6 steps in the analysis and every step is tradeable. This bullish move will gain more than +200%. This is one of few pair in the list which will gain more than +200%.
Don't forget to hit the like button and follow to stay connected.
🔥ALTERNATIVE BULLISH SCENARIO FOR BTC: PUMP AFTHER PULLBACK🚀🔥Hi, friends! A lot of analysts now think about the next BTC move. I can say that BTC is still in a bull trend, but the market is overheated and need to make a pullback to recover.
You can see it by the bearish divergence on many indicators, the trend angle and new sell orders at the highs using DOM and Footrpint.
I take a 2020 Bitcoin price pattern to predict the next BTC move. I don't expect new highs in 2023, but mid-term growth is highly possible.
I mention the 2 areas which will become strong support:
✅ $25,200-26,400 - the value area where many long sl are placed and the top of the global channel. The price will not fall lower with the high possibility.
✅ $22,650-23,850 - the second critical value area. The price will fall here if lot's of bad news appeared on crypto or stock market.
✅ THE MAIN LONG TARGETS FOR BTC AFTER THE PULLBACK:
1. $32,000-38,000 - the highly probable targets in the current market conditions.
2. $45,000-48,000 - the max targets for BTC if only the entire world economy will fill well.
Remember that the market is still in a bull trend and the April is one of the most profitable months for Bitcoin.
💻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.
🔥DOGECOIN WILL PUMP TO $0.1 AFTER THIS PULLBACK!🔥Hi, friends! Dogecoin move in a downtrend since Elon pump. Now it makes a pullback from the huge $0.059-0.063 value area and I suppose it returns there again to take the sl of long traders.
📊 TRADING PLAN FOR DOGE:
1. pullback to the huge $0.059-0.063 value area
2. volume growth confirms the presence of the buyer
3. DOM and Footprint HUGE buy orders
4. squeeze to the trendline
5. bullish BTC
🚩 The pullback can go lower to $0.056. Look carefully to the volume indicator, DOM and Footprint. These indicators will help you to identify the bottom.
✅ THE MAIN TARGETS FOR DOGE:
🔥$0.1 - the key level and local high
🔥$0.11 - the key level and local high
💻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.