If BTC can hold the 9k level as per my previous post, then ADA against BTC has another level up to go.
So lets look for that bullish candle at this level to jump back in.
From a weekly perspective, we still have a bullish indicator from the Phoniex indicator (against BTC) so I'm still going to go long with my ADA.
Just going to look for another entry point,...
Weekely RSI is pretty overextended and the candles may form a double top. If the wedge breaks bullish i'd expect ist to top out around 1700, followed by a big correction. The project ist still developing and imho the price is just driven by hype and fomo and is probably not sustainable. Personally I won't invest any big amounts now and wait for it to come down to...
Cardano is one of the higher market cap coins coming in at #6 right now, which means its certainly one of the first coins mainstream and non-crypto diehards will be looking at because its "cheap" relative to Bitcoin, Ethereum etc etc and well, because it will be pumping as it has and there's nothing as the FOMO that comes with a pumping asset. Especially in...
Since the 7-July peak, ADABTC printed a lower high and prices are now moving below EMA10.
If you read me... You know that closing below EMA10 switches the potential to bearish.
We also have a bearish cross starting to take place on the MACD and a retrace now is something we would expect.
On the chart above I marked the most important support levels based on...
Channels are interesting. We could bounce off the top of the channel, just as Charles announces they're implementing Shelley and avoids eating his shoe. I would look for it around the .5 line of the down channel, right there where it all started. If it goes down that low, you'd be stupid not to take it.
JUST FOR FUNSIES
Quick look at this since am looking at closing my leverage position in this considering 1950 is the tops from where i guess we may correct to just under a 1000 with shelly hard fork out of the way and the excitement gone.
Corn is one of my concerns with the world markets looking toppy we may dip below $9K which would be a market execute for a short till $8600...
the altocoins began to correct, but not all.
On the 4-hour chart of the ADA is drawn a triangle, the exit from which will give 20% movement to the support or resistance zone.
If the idea turned out to be useful for you, support it with likes. I also remind you that I have a telegram channel, the link to which can be found in my profile, where I place...
-broke daily recent top resistance
-with strong volume liquidating most short orders
-if you are looking for a rebuy zone
-a pullback just within the recent top to become new support
-is a good entry zone provided reversal signs is seen
-the next daily resistance is located at 1192s
. There is a possibility of temporary retracement to suggested support line (0.00001215). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Cardanocoin just keeps going up, the volume is rising, I think the next target is 1700 satoshi.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.