On the above 3-day chart price action has corrected almost 70% since the sell signal back June 2021. Ever since price action has been in a downward channel. A number of reasons now exist to be bullish, including:
1) A strong buy signal. Look left.
2) Price action breaks out of Bull flag and confirms support on past resistance.
3) Price action bounced off the...
The ADABTC chart remains the same as we saw recently; strongly bullish.
We have prices trading above EMA100 (blue) and EMA50 (magenta).
We have a very strong RSI and bullish MACD.
We have the inverted head & shoulders pattern...
The next target is mapped on the chart at 50%.
First target is set at 18%.
Additional details on the chart.
Many great opportunities...
Some people are wondering if Altcoins will recover or when will they recover and so on...
Cardano is already recovering and remains printing higher highs and higher lows since Mid-May.
This is true for ADAUSD and ADABTC.
( Check the related ideas below for a full leveraged trade for the ADAUSD pair )
Here we can see the inverse Head & Shoulders...
I really like what I see on ADA's BTC chart. There are a lot of reasons to be bullish:
1) Bullish breakout of the purple falling wedge
2) Breaking back above very strong, long-term support
3) Breaking 60 on the daily RSI
4) Breaking above the zero line on the daily MACD
I'm long here
We have very high volume today on the ADABTC (Cardano) trading pair as prices move to close above EMA10.
The RSI is also looking good.
We are going big on ADAUSDT, this pair also looks bullish for the coming weeks.
You can find additional details on the chart.
Whilst everyone is glaring at the USD chart, it's important to identify a possible bottom with the BTC value. I have outlined two possible entries. Last cycle ADA did more then 100x. I think its possible to see 20x return next cycle.
Cardano is going bullish vs Bitcoin (ADABTC).
We have a challenge of EMA100 today after a bullish flag, pretty clear.
We have strong consolidation above EMA10, clear and strong.
This is tricky because if we see a red candle close today, it would negate these signals and instead of up down we go.
That's the tricky part.
Cardano vs Bitcoin can rise...