ADABTC.P trade ideas
Oscillator RSI Overbought- Oversold in CriptocurrencyOscillator RSI Overbought- Oversold in Criptocurrency. ADABTC. Practice for Tecnologia Financiera
ADA/BTC looking to make fresh highsAda/btc is looking brilliant, it has wiped off the entire drop from the 19/05 and is currently breaking out if a IH&S looking to make fresh highs.
Ada has held up very well in this crash and i expect further upside.
Btc is still on shaky ground so any sudden drop could still destroy alts in the short term.
Be cautiously optimistic.
ADA/BTC symmetrical triangle pattern Cardano making a symmetrical triangle pattern but Trend is up right know so I'm more bullish .
$ADA Cardano - Update$ADA #Cardano
Now retesting the local support.
A few days ago started to draw a bull flag, with 1st target at previous high, and 2nd one at green dotted line.
Important day for the price, as it needs to stay above broken bull flag, & local support.
Moving to CardanoThere might still be a lot of volatility, however, it is clear that long term accumulation is happening for ADA.
Whales who has ethereum and bitcoin will start considering ADA with Cardano's recent major project releases.
Straight out of an ABCD retracement.ABCD pattern completed following last weeks selloff caused by Bitcoin's Correction. Im hoping for some short term Bullishness up towards the prior High, i think If bitcoin can hold stable and bounce around in a little range then alt coins could get a bit nice little boost, but im honestly an idiot so don't take this as advice, i could be entirely wrong.
ADA/BTC Update: Cardano stays strong with its POSCardano broke out of the Head and Shoulders pattern early this year and formed a bullish continuation flag.
We did get the bullish breakout and did break trough the next two resistance lines.
During the market crash ADA dipped back to the 0.5 Fib line but mainly the 0.3 Line did hold.
Nearing the Goguen era with Smart contracts we look at a bright future where ADA hits new ATH.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
$ADA Update$ADA Update
#Cardano price is recovering but with low volume.
This might take it to retest the red dotted line.
Another potential target is the above-dotted line, which is a key resistance - first broken support since the fall.
Blue rectangle leads to an optimistic outcome.
Cardano is on track to complete elliot wave cycle to $3+Big pump before BTC crash - ADA holders are unfazed. Technology is finally catching up to the $1 hype from 2017. It was funny seeing crypto twitter buy the dip all the way down to $.05 during crypto winter, but the strong hands prevailed and was handsomely rewarded. I expect NVDA stock split stock to save ETH and carry BTC back to $50k (BTC is currently at $38k). Elon and friends had a fun time stop loss hunting and grabbing cheap coins. Energy consumption attack on BTC was a nice way to pump ADA to create higher support before they dumped the BTC. We should see overall crypto market higher next month as May BTC future contracts come to an end this week. final target of full elliot wave cycle on ADA with BTC at $50k should take ADA to $3+. Let's take profits after NVDA splits in July.
Possible support line for ADAHi, I'm new to technical analysis and I'm just looking for some honest feedback and tips. I've got no idea what I am doing.
Cardano ADABTC bidding zone Cardano is one of the most slow moving boring Alts while fundamentally it’s very strong and has been hibernating for so long in a slow ascending stage. It has all the fundamentals to make a big pump anytime, but since it just broke out from the EMA, I’d bid for this pair at the blue line as I expect a retest before going north.
Do you agree with my entry target? Feel free to share yours.
ADA:BTC - Price Action AnalysisBullish on Cardano and this chart is why. Have a couple of more resistance levels to overcome and then ADA could venture onto a new ATH.
ADABTC - Cardano forming a bull pennant on the 4h chartThe bullish uptrend is still intact, and Cardano is forming a bull pennant on the 4h chart against BTC. Measured move from the flagpole on a breakout is around 6100 sats depending on the break point, which also lines up with the ATH candle close from 2018 (ignoring the wicks).
As long as BTC remains above 42k or so, continuation seems likely given the strength of the move so far, and the bullish fundamentals Cardano has for release in the coming months. Smart contracts testnet this month - mainnet release in August, combined with the high cost of other smart contract blockchains at the moment, present a high probability of a high level of adoption.
There isn't much in the way of resistance to a continuation against BTC except for the recent local top.
