Ladies and Gentlemen,
Welcome back to TJs' Trade Corner!!
Today, we will be taking a look at $ADA. One of my long time favorites as many know. It is always amazing to see how technical and predictable $ADA is.
Now, lets get started and not waste any more time.
First thing as always, what is our market structure? What can we see? What happened?
As you see on...
ADABTC has completed it's wave 3 impulsive move and looks to be signalling the end of it's wave 4 re-tracement.
It's landed a wick just above the 78.6% re-tracement line, printing a bullish single candle pattern on the daily and also with support from the daily cloud (custom settings, not shown).
It also has a nice clean bullish divergence and influx of volume,...
Based on TA and how Cardano keep moving Downtrend we probably see red~days still.
I will be watching Demand Zone. If you got closer to 4H chart you will see strong order flows and I think we will reach that target.
Hope to say otherwise but I still see Blood on the chart
Good news slowly filtering through for ADA.
Team has been working strongly behind the scenes - minimal fuss, and Shelley brought out a strong move upward.
Looking to catch the retrace for some follow up action. Although BTC is just throwing alts around right now at will.
$ADA Reaching a strong support zone that matches .382 Fib retracement level...
I will start laddering my buys from this level as a potential bounce may occur..
Will update if I see changes in volume or targets!
Cardano has found a bottom on the daily chart and is making bullish moves again above the daily 55 Moving Average.
With many market cycles looking to have completed in the last months, Cardano is also looking more bullish with every higher high.
It is currently retracing the last leg up looking for new support and I would like to scale into a fresh long position...
I see a great opportunity here for a short position. a lot of coins look to be forming H&S patterns but none have been confirmed yet. This looks to be a very solid formation in terms of symmetry. We also have a descending triangle forming it seems, which can help with the drop.
This is a trade I am looking to take here. although we can shoot up here, the R:R is...
Retracement lying on Fib 0.618.
With the easter holiday finish, and Cardano Founcation back to work,
it can be expected their will release their roadmap very soon.
You can see their roadmap website got updated to "back soon"