Descending Channel in 4h chart holding a key support..
Might be possible it cross the resistance.
it might stay stable for a while then gradual rise is expected.
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This is an attempt to analyse ADA and not an advice to invest in any form.
ADA is sitting around the 14 Moving average on a weekly Time frame and already broke a resistance.
The money flow index is above 50 level which could indicate an increase in price in the few coming weeks.
Next target is around 950 Sats.
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Seems like nobody is paying attention to ADA (Cardano), but there is something interesting.
Cardano had a pretty decent period of consolidation in between 0.00000400 & 0.00000500. That's enough to establish the bottom, reverse the downtrend and take off.
What’s more interesting is that this...
Priceline of Cardano / Bitcoin cryptocurrency has formed a bullish Crab pattern and it will be entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull...
So Far ADA Has been Doing Awesome, As We're Expecting in Last Update.
In Daily Chart, Rising Channel Breakout & Retest Already done,
Now Another Key Resistance Ahead (640 Sats)
So Keep Your Eyes on Key Resistance ..!!
If Rejected, We Might see little Dump & if Bulls Cleared it, Next Target will be Around 780 Sats.
ADA breakout has been rejected/postponed (for now).
A nice upwards channel formed on 4h . So far movement in the chart has been steady and backed up with good volume. Price got rejected and might have to cool off a little bit or consolidate in the currently forming bull pennant and then attempt to go up again.
Even if we visit bottom of the channel the chances...
In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.
This rectangle has a price target of around 670 for about a 25%...
We looked at Cardano (ADABTC) multiple times with high expectations, the signals were strong and clear and we predicted a bullish breakout... This is happening now, here is the daily chart:
We can see big volume bars starting to show up and prices gaining momentum with bullish indicators.
When we look at the weekly chart...
Cardano (ADA). One of the majors finally breaking a massive range after 6-months of sideways continuation.
Usually, these accumulation ranges indicate a bottom, especially when they make such a scamwick as Cardano did a few weeks back.
How is this setup defined?
Well, the major resistance was 535-550 satoshis. That’s broken to the upside.
A retest of this...
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ADA has now dropped back to 590 sat critical suppoer level and as you can...
ADA/BTC seens to made a Bull Trap on important Resistance level, and the price is already bellow the Resistance, now we have two options for trading this asset, one of them is SHORT position if the price breaks this minimum acumulation to test this important support level, or breaks this resistance and acumulate above this level so we enter at the...
The price has formed a double top, but we can consider the second top a product of correctional movements, so this resistance is not that strong. By the way, the price can fall a little bit lower to 570 - 580 sats in order to test the ascending support.
From there it should pump, otherwise, if this level is broken, we should expect a further decline. You know...