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ADA Price Outlook 18 December 2020ADA price action following in the rising channel. I will expect breakout downwards, measured channel we can expect some sort of levels, and combining with Fibonacci retracement, we can get deeper understanding exact zone.
ADA/USDT (Cardano to break out from the Wedge!ADA/USDT (Cardano) has been moving within the Symmetrical Wedge. It looks like it is a time for the price to breakout from the pattern , as we can see the denied ROT swing together with the recover of the price above the 50 ma!
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ADA/USDT Has More Growth In StockADA/USDT is currently performing very good, and in my opinion, it has more room for growth.
Since earlier this year we've seen a upward sloping trend line develop. My take would be that this trend line will function as a resistance in the foreseeable future.
I've marked the green area as a potential area to exit your long position, but waiting till the price is close to the trend line is a sold idea as well. Thing is, we don't really know where the trend line will be hit. Therefore, setting a target beforehand will keep your R/R intact and requires less micro-managing.
ADA CARDANO 4H Breakout - ADABTC ADAUSD ADAUSDC ADAUSDT ADAETHADA CARDANO 4H Breakout - ADABTC ADAUSD ADAUSDC ADAUSDT ADAETH
ADA Heading for POC Before Blasting Off!!!ADA Heading for POC Before Blasting Off!!! Bullminions! Start Building Ur Positions!
LONGADA!
Ada/usdt forming rising wedgeAda/usdt
The price try to form rising wedge
However this form is a bearish pattern
But we can see small pump to 0.12$ level before next movement
**Any daily close below trendline support can very bearish
ADA/USDT (Short-term trade)ADA/USDT is presenting a good buy opportunity upon break of short--term resistance.
Next resistance (R2) presents good upside (a good place to TP)
RSI has room to grow on 1D
MACD still bullish, but may turn bearish (would watch before entry)
Stop loss @ 0.10399 USDT
The Crypto Associate is not responsible for any losses incurred during trading digital assets or any form of security. This analysis does not constitute investment advice and should not be regarded as such. All analyses is for informational purposes only.
ADA expect a bounce! ADA is forming a broadening wedge in the longer term this should be bearish.
In the short term I expect a good bounce (+- 13%) towards the resistance line of the wedge. This because we formed a bullish divergence.
Expect resistance as well on the 0.382 fib and the next fib levels above (red zones).
ADA/USDT Wait for THIS To Happen Before You Enter A Trade AgainADA is not in a good spot at the moment to enter a trade, check out the chart to find a clear explanation on when and how to trade ADA.
ADA / USDT / Correction 61.8 / By zone imbalance D1ADA / USDT / Correction 61.8 / By zone imbalance D1
