Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
We have a strong green candle today on the ADABTC pair.
This candle just happen to show up at the same level which worked as resistance back in May before prices peaked.
This candle is also pushing prices above EMA10 and EMA21 in just one hit.
This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short...
Hi my friends
The Cardano coin has gained significant support in its correction process after a great flight.
My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days
Appropriate entry points, goals and stops are marked on the...
The Cardano ecosystem is being built as we witness a macro economic environment that is starved for technology and inflation hedges. New stock industries. New asset classes. Everything goes up, Meaning technology is not high on the checklist for investment. But in the long run, despite pump and dump markting schemes, only solid technology will survive bitcoin's...
as you see cardano was falling during past days now if you take a look at adabtc chart in daily time frame you see a rejection from golden ratio of fibo and also a positive divergence in rsi
i think it is a good place to go long on ada
this is not a signal by the way
have a nice time
I really like this entry here. ADA has a very oversold RSI at 16 as it runs into strong support and a trend that's been in play since the beginning of the year. ADA also has a history of strong bullish spikes when it gets this oversold, which makes this entry even more enticing. I'm long here.
I'm going to do my best here at explaining the basics around a liquidity grab (some times called a stop hunt), why it happens and how it works (ignore the chart I'm using, I'm not saying this is a manipulated move just showing you an example of how it works)
I often refer to this in my playbook as an STL "Sweep The Legs" coupled with a picture of Johnny Lawrence...
The chart shows Cardano 'TO bitcoin, which responds well to the drawn trends. If the currency breaks the long-term downtrend line of this currency, we can expect a good profit.
As it turned out, the failure of the downtrend in the RSI occurred.
Downtrend on D and W, 89days
26day Consolidation, oct 27-nov 22 before continuing down
Daily Time Frame:
Looks like price bounced off a prev s/r level around 2730
Confirmed prev. s/r @2731 (small support on may8-9. small resistance. feb26)
Possible resistance spotted around 3200
Resistance confirmed @3227 with FibR Confluence @ .618 which also acted as a recent...
Cardano ADA might start having a bullish reversal on the ADA/BTC weekly. Very soon Cardano dApps will start working on the Cardano mainnet and this will affect the ADA price action in a great deal. One of the first dApps might be SundaeSwap: Cardano DEX, and then after this release many other dApps will be released, making the ADA price action very bullish.
Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 ADABTC- Weekly Time Frame - Candlestick
📌 Price Action - Fibo - RSI Divergence
📍ADABTC 's chart is not looking very good in every time frame from weekly to 2H. It is completely bearish in every aspect
📍 Price may have already finished its 5th cycle in the white horizontal line and it may see the...
I've been watching BINANCE:ADABTC for a while now. The coin has been trading below its 200EMA, and below the 50EMA, basically a solid down trend. However, there was a support level there, it was possible the the price could find support at that level. As of writing, BINANCE:ADABTC price has broken below that level. I wouldn't want to have that coin in my...
ADABTC already come to Cypher and maybe is ok to watch this area for long. We see nice confluence with golden pocket too.
I hope will not visit 0.886 fibonacci where to come to PRZ (potential reversal zone) for Deep Crab harmonic pattern.
Stay safe and good hunting.
We are still anticipating Cardanos move against BTC, we have been moving super flat over the last month or so along the 1 FIB level and we are yet to see any sign of any move in either direction, we had a couple days with nice green candles but other than that nothing. Now we have 2 scenarios in my opinion, im leaning on the bullish one where we have strong moves...