ADAUSD remains on a 4H downtrend (RSI = 24.746), being methodically rejected by the Higher resisting Lower High trendline of the commanding 1D Channel Down (RSI = 24.957). Although the price is near the TP = 0.107614, the bearish pace has been slower than what was expected (4H MACD = -0.006, Highs/Lows = -0.0067, B/BP = -0.0125 and 1D MACD = -0.022, Highs/Lows =...
TP = 0.1217 hit, with the 1D Channel Down (oversold RSI, STOCHRSI, Williams, CCI) bouncing off the Resistance line, making a Lower High at 0.171680 and being rejected towards the 1W support = 0.1217, since our last update. The next obvious target on 1W is the December 11th, 2017 low = 0.099141, with 0.078501 (Dec 08, Nov 30, 2017) being the next and last before...
Enjoy this trade 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.
The currency pair is one of two today’s leaders as it added nearly six percent in the past 24 hours. Cardano seems to feel good as ADA price moves along the green ascending trend line. However, currently, it is in correction. ADA/USD has crossed the support area at $0.2523 and currently loses its positions. Cardano price is still above the Ichimoku cloud meaning...
I made main lines from lows and highs.
I want to wait , how Cardano breaks that pink diamond.
You can see, how exactly diamond found place between most important retracements.
It´s a lot of room between FIBO.
I ´m owning ADA yet, so It´s just an idea to watch.
Please do not trade by my charts.
* This is nor a financial advice.
*Only for educational pursposes.
Hello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and Goldmans Sack here to express my opinion today ! Lets dive into the scenarios lining up for ADA:
Well it has been nice to be shooting some elephants recently. Everyone I hope got some of that last run a month ago, and made more profit on investment than any...
The rolling three-day signal for Cardano (ADA) is "Buy". This is day ONE of the three-day signal. The signal will be updated and shared again on Sunday. For further details or discussion, feel free to leave any questions or check out signature/profile.
While North America slept, Asia was busy taking profits after our insane short term bull run. ADA has currently shown what appears to be a head and shoulders pattern in the 4 hour chart and we are currently holding the 2900-3000 satoshi support.
Signals:
-Head and shoulders after a relatively long bullish trend
-Bearish RSI divergeance
-Lack of volume & long...
Looking at Cardano, falling wedge in place. At this point it's either going breakout by April 8 moving up or we're going to see a deeper selloff into single digit values. Could it go below 1 penny? I say it's possible since Cardano came into a high market and could have been already overpriced for starting out.
The Cardano formed the channel. Those two trendlines act as dynamic support and resistance levels. If the price continues falling downwards, there could be the opportunity to go long. However, the best approach will be to wait for the market to bounce back (once it is confirmed that the price is reversed) at the trendline and then enter into the position.
