This is only my opinion about Cardano. Please do your own research.
Ada is probarly in a bullflag. I am only a starter so please do your own research but i think it is really profitable. ( Dont look to my terrible drawings)
Entry: 0.00001478 / 0.00001475
Stoploss: 0.00001460+- (set it by yourself)
Profits: (Its better that you set targets by yourself...
Good morning lads!
Welcome to my second analysis of ADABTC which is acting like a follow up to my previous ADA analysis from 1050sats.
As noticed, ADA have been rallying since March 19th, the day after my previous analysis. It actually...
Buy at the 0.618 Retracement or 0.318 Fib Retracement.
First Target 3850.
IF you go to the Daily, and watch the Moving averages + Emas, you'll notice they all line up bullish (Means: 200Ma at bottom, then comes 100, then 50 -> 21> 10 etc.)
if it holds the new support about 1480-1510 than we can have long in play. Have a stop loss at 1450.
this post is for educational purposes. I am not a financial adviser. Do your own research before getting into a trade.
After nearly 200 days of accumulation, it's time for Cardano to shine. First target: 0.00002
- Massive buy volume is coming in as selling has exhausted
- Daily resistances are becoming supports
- Devs stay busy: Testnet and Mainnet launches coming in April
** Disclaimer ** My ideas should be considered as '2nd opinion'. They are not financial advice.
Have a look at all the Fib Levels to understand the amount of Pump it needs in order to get to individual levels. At the moment, price is holding and upside is stalled against a strong horizontal resistance. 200 DMA coming up in ADAUSD, so probably time for some pasue before a break or rejection
Volume declining, consolidation wedge breaking to the downside, MACD also indicates it is headed lower.
The inverse head and shoulders pattern which formed at the lows unfortunately does not change the fact that no one uses Cardano ADA for any purpose whatsoever, much like Etherium Classic ETC.
Cardano has been very strong since breakout.
But we really need a retrace to confirm supports.
Thus far we saw one leg pullbacks only, not 3 waves.
Currently at an important line: the Blue 2.618.
The 2.618 is often a strong support but was broken.
But even a once-broken 2.618 can form a "higher low".
Thus we can NOT be confident of Wave C happening.
How's it going everyone!?!
Very simple chart on ADABTC as i am in a long position right now.
We can see this is creating a CUP formation on the higher time frames
as it pushes to test the 2000 sats level in the next few weeks. 1540 looks
to be a point of RESISTANCE and expecting a retrace at that level back down
to the 1480's consolidation where from there i...
ADA hit the second target spotted in last analysis.
Now watching the retrace, looks be an ABC forming.
Two support zones are spotted that might end wave C.
1437 sats with the 3.618 fib would be strong bull bounce.
1400 sats with the 2.618 fib is the usual retrace area.
1387 sats with the 2.236 fib is a must hold for bulls.
This is an update to my ongoing...
This is an update to my ongoing ADA analysis.
Currently looks to be in wave 4 looking to start wave 5 soon.
Given wave 2 was shallow and quick, 4 might be deep and slow.
1500 sats looks quite an achievable goal for Bulls.
1400 sats might be a good buy (if not already in).
Break below 1400 would put wave 5 in doubt.
Previous Analysis looking for the break out...
Quick chart to plot the upcoming Resistance zones.
Still looks very strong, 1600 sats would not be surprising.
But a retrace soon would make for a healthier uptrend.
Longer term I expect much higher prices of course, per this plan
We are doing Analysis of ADABTC on 1 Day Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
I was looking at Cardano (ADABTC) recently and looking at its retrace patterns, in order to come up with a trade. I wanted to do a trade that was fast and generate huge profits, so I choose ADAH19 (BitMEX).
Cardano (ADA) is pretty solid, so its price holds nicely when it retraces, great for the type of trade that I was looking for.
Now, back to the patterns,...