Previously we have seen, on weekly chart, the priceline was at the support of an up trend line and now finally it has spiked from $0.10 to $0.18.
Up channel on long term chart:
Now on the weekly chart, the priceline has started its move in an up...
Hi friends hope you are well and welcome to the new update on Cardano. The ADA coin has two major events one is at the end of this month and other one is in next month. First we have the Shelley hard fork on 29th of July and the next event in my point of view is more significant and that is the 1st stacking rewards on August 18 2020.
A big bullish harmonic...
Hey friends hope you are well and welcome to the new update on Cardano. The ADA coin has turned very strong bullish comparatively to all the cryptocurrencies. so we will discuss how it completed this bullish setup and what it can do next.
last year in August 2019 I posted an article where I predicted that the price action of ADA has formed a bullish...
Hi guys and gals hope you are doing good, Cardano (ADA) is giving another long opportunity on 2 day chart and has formed bullish BAT pattern and entered in potential reversal zone and ready to move up at any time from here.
The dimensions of pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to...
The priceline of ADA / US Dollar cryptocurrency is forming bearish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we...
After completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
After formation of consecutive Shark patterns the priceline of Cardano / TetherUS cryptocurrency has formed another harmonic gartley pattern and entered potential reversal zone.
This PRZ area should be used as stop loss point in case of a complete candle stick closes below this area.
We have a strong uptrend line support below the potential reversal zone.
After it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project.
Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value)...
ADA BTC now is situated into a rising wedge which means the price are make higher highs and higher lows in the final will be a nice breakdown
Stoch is overbought and also bear cross it s confirmed
Volume going down which is a bearish sign also
RSI below neutral zone
Target of this rising wedge is 905 sats(final target) which means -8.94% from the current...
Cardano - Intraday - We look to Buy
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Trend line resistance is located at 0.0950.
We look to buy dips.
Dip buying offers good risk/reward.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.