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ADA (Weekly) / Elliott Wave & Algo Technical AnalysisADA did a fake breakout and collapsed afterwards. A failed bullish pattern (over-throw, iH&S, etc) will be very bearish. We are currently breaking the downward channel to the downside. We have reached the log 38.2% retracement. If BTC breaks down, we could easily reach the GZ. On the lower TF, ADA might move into algo extensions after a traditional series (chart #2). After a clean impulse up, we should expect an ABC down. But beware: as always when using the EWP, decent price history is required, and we don't have it in ADA. The market environment (VIX) has caused the recent dump in ADA, preventing us to see balance in the corrective pattern we are starting. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets are updated every day of the week. Elliott wave & Fibonacci labelling: Common path in white, bullish count in green, bearish count in red.
KRAKEN:ADAUSD
by TradingSurfers
ADA set to tumbleAda has been one of the most overbought projects, lets face it. Cardano Org. has failed to produce a product. Ethereum and BTC are tumbling which as we know drags down the entire market. Ada is just lagging, but these last two buying periods (1 week) are weak. Check @OptimoomFX idea's on both (I will link) The further I pull out the scope of the chart, the more I am convinced. Ada is way below 50 DEMA and 10 EMA. As you can see the sell pressure is on (wick on top of most recent week) and the asset cannot make up to the EMA which is more sensitive to price than simple MA. Also, MACD+Signal < zero Signal (red) is above MACD Volume is under moving average showing yet again the buying power or faith in this asset is declining. and the RSI has moved off of buy signal, which it was not on for very long. I do not wait for the sell signal, I sell now. Be cautious with trading this is only my opinion. credit: @OptimoomFX
Short
by CryptoSlayerFX
6
ADA is on the verge of explodingADA has been stagnant for a while, and some of the investors are growing impatient. However, people do not realise that an explosion is about to come for ADA. After his incredible run in the past year, ADA presents a strong army behind with significant adoption ahead. The TA shows that ADA is flirting with the 200MA, which has created strong reactions for the last 1 and a half. The price is squeezed between 50 and 200MA, forecasting strong volatility. BB is wholly narrowed for some time which suggests an explosion is brewing. Nevertheless, we can recognise 2 patterns. A descending wedge and bullish pennant are about to be completed. The first target in the next 2 weeks is 3.8. However, my bull run targets are 10.7 and 21.8 as the top. The bear market will bring us back to 1.3 with many rekt.
BINANCE:ADAUSDLong
by CFcryptoTA
5
ADA/USDT 66 DAYS ✌ADA has been consolidating for the past 66 days and has finally broken out of the descending triangle. As seen in previous patterns, ADA almost always repeats the same pattern. If we take a closer look at the previous pattern (DT) we can see ADA has been consolidating for the past 65 days, after that we saw a huge surge to the upside. Today we are in a very similar position. In my opinion, we might see a fake-out and retest support at $1.90 to reset the RSI and go parabolic from there. On the other side, if we can see more volume coming in during the breakout we might not have to retest the previous support of $1.90 Not financial advice. Goodluck friends 😁
KRAKEN:ADAUSDLong
by technicalFlami29
ADA and ETH ; the rhyme of bubblesADA and ETH ; the rhyme of bubbles Two options if you prescribe to this idea that ADA is following in the footsteps of daddy eth. Just one cycle behind. Which I think makes quite a bit of sense but lets see if it holds true. Hard to tell if we hit that big flat correction stage or we are just running up to that now. Both options pretty clear. Both make sense. Though $30 ada would make the .03c buyers 1000x. ggwp. I am still of the opinion, if i had to guess we are doing the 13 cycle again basically with a blow off top incoming on btc. Which would make these predictions possible. Brace yourselves.
BITFINEX:ETHUSDLong
by Crypto-Quantum-Fox
ADA, To face a strong resistance, We are prepared in advance !ADA made a new All Time High? does it go Higher? It will face some problems soon.! ADA is facing a strong resistance zone around 2.6 to 2.85 USD while BTC is facing 51000 resistance. A possible considerable decline may be on the way soon in whole cryptocurrency market . Mentioned decline may at least push down ADA back to 1.6 to 1.8 USD corresponding to 0.618 and 0.5 Retracemenet Fibonacci levels respectively. More decline may happen but we just simply skip that scenario for now. Should it need any update we can do it later. Both MACD and RSI indicators show strong bearish divergence with price. This is a considerable bearish warning which is certainly worth to be considered. We are prepared in advance and never get shocked by the market. Good luck my friend.
COINBASE:ADAUSDShort
by SaeedSajedi
18
ADA - All Time HighADA (Cardano) is retesting the main resistance here as you've noticed. But this time, way stronger than before. Last time we entered this zone, we experienced a correction season and everything started collapsing. Now there are no corrections anymore so we might see a good breakout. As you can see the prices for ADA are consolidating in a good range of resistance which is building up enough volume for a good retest. I personally don't trade ADA, I just hold them as a long term investment. So this chart isn't a daily chart for your trade setups. Just seeing how this coin is behaving in the past few months. I'll keep this one updated too if anything important happened. Keep holding. Current Market Price: $2.0885 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
11
ADA- We haven't Forgotten YouADA Cardano would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. Here is our updated chart with main support levels to assist you. With these good news of Rwanda-Based NGO Partners With Cardano Foundation to Launch ADA Crypto Charity Platform and also these GREAT news of Grayscale Adding Cardano To Large Cap Fund Ahead Of Key Update, one can feel confident that the timing would be good to embrace Cardano again. One Love, the FXPROFESSOR
Long
by FX_Professor
3
ADA/USD - Flat trend. Price to bounce between levels.ADA has remained very strong during the dump in May and has re-confirmed it's previous resistance as support. This is good and a sign of strength. For now, the indicators are rather flat on a decreasing volume, so don't expect more than a bounce between resistance and support. Watch closely ETH and BTC as their price action will determine where the market goes next. For now ADA is consolidating nicely above support. We can also expect a re-test of $2 as on daily ADA is turning bullish, a break above that resistance may lead to a new ATH, but for now we need to be patient. Short term, bias is bullish. Also watch for a possible rejection at $2, that can push us back to support. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by duonine
1