ADABTC in on weekly support (left chart), and the price had a little bounce on 0.382 fibonacci level.
If the price will break a daily structure (right chart, blu one) we can set a nice long order
If the price will break a weekly structure (left chart, red one) we can looking for a short
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Here is the Plancton0618 technical analysis,...
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- Cardano touching weekly support from early 2019.
- Hidden bullish divergence on the RSI
Entry: 1200 - 1220 sats
SL: 1985 - 1200 sats
TP 1: 1495
TP 2: 1792
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Parabolic moves are extremely common among cryptocurrencies, as there are no market brakes like the stock market. In this analysis, we analyze ADA's insane parabolic move through the parabolic curve model, and assess its probable next moves.
Update to my Cardano Long Trade call (click).
ADA has arisen from the ashes and has been soaring high.
It hit all of our targets and is now in a corrective phase.
Currently in a Key range with only Fragile floor below.
1200 sats is key support both structurally and psychologically.
Below that we have solo fibs that could catch it but hit or miss.
822 sats is the...
Cardano during the Bull Run period showed 280% net growth paired with Bitcoin. At the highest point on the chart, I saw good sell volumes. At the moment, the trend line is a magnet that we are going to reach. Since there is still a bullish market trend, I expect an upward rebound from the trendline, and only thus we could talk about the continuation of the...
Cardano (ADABTC) has been very slow on the retrace and is already showing signs of prices bouncing...
Let's have a closer look by reading the 1H timeframe chart.
Here we have multiple bullish signals starting to develop and they go as follow:
We have a falling wedge pattern breaking out bullish.
A bullish divergence is present with the MACD and RSI.
So far it's is all playing out well, my former analysis seems still valid.
I now recognized two valid patterns: A bull flag and an descending triangle.
In 2018-2019 COINBASE:BTCUSD has demonstrated a nice descending triangle breaking to the downside after a major uptrend.
So i definetly would take this into account for ADA too. Price is narrowing down nicely...
Cardano (ADABTC) only printed a small retrace and is ready to continue growing... The bears have no say in this chart.
Here we have the "cup pattern", strong trading volume, prices moving above resistance, and bullish indicators (MACD and RSI).
With all these bullish signals in place, Cardano can continue to grow.
Additional targets and support levels can be...
Seems the bulls have been released... And they have found Cardono. There is no denying this is now very bullish, The question is; will we get a pullback at resistance or cut right through it like butter? Let me know your thoughts in the comments below!
Never Trust. Verify.
DYOR . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is...
After having a little fake out ADA finally looks ready to rise sustainably.
The daily bullflag ist still valid and the 1200ish zone proves to be a reliable support.
If ADA preferred to take the way down it would've already happened i guess.
For me the fake out looks more like begging for upward momentum rather than a real bull trap, which should've pulled the...