Greetings my beloved cryptocurrency traders, we would like to share with you the long term chart for Cardano (ADABTC) today.
Feel free to hit like now, and please allow me to entertain you for a few minutes... This will be quick... Namaste.
Cardano (ADABTC) Long Term Chart
Take a look at the chart above, the yellow circles, we are looking at a triple bottom...
This 4 hr chart shows potential for a bullish move upwards if the MACD starts heading in the opposite direction after a break out from this flag.
Volume is declining too making it easier for larger price increases. I will keep an eye on this one!
Potential targets on the chart - a well managed entry and stop-loss could see an easy profit if we get the...
Greetings friends, traders, everyone....
Oh ADA. One tough nut to crack! I have thus far stayed out of Cardano, not only because my preferred broker does not offer Cardano futures, but also because I will be honest - this one has kept me somewhat stumped for a while.
Now, in my last analysis, we observed Cardano begin a retracement from it's move from about 1050...
Hey guys, as per a request from this afternoon, here's an analysis on the ADABTC pairing. I wrote on this chart what's going on pretty clearly. ADA failed to complete an inverse head and shoulders breakout pattern and has turned south towards the slow ascending channel support (in pink). This is actually in line with what Bitcoin did on its own against the U.S....
Case study on how we should have traded ADA in hindsight. We look at when we should have entered and at what levels we should have taken profit.
- Note: there's always profit taking at earlier stages doing the trades at EMA's, previous highs, fibs you name it. But on a higher level, this is what you are after.
ADA has been dropping with little bouncing.
But it has been following the red Fib series.
It is now approaching some critical supports.
Breakout and exact top was plotted in previous analysis
Admittedly since above breakout call I have been trying to...
Alt Market Evisceration incoming...
First on our list today.. ADA.BTC
If i am wrong. Oh well.. We try again. :)
Failure is part of success.
Target Buy is .00000400
or -85% of its current value.
RSI : 60
Volume : Needs some pump after the correction
Accumulation Area : 1090 sats - 1145 sats
Target 1 : 1168 sats
Target 2 : 1314 sats
Target 3 : 1431 sats
Target 4 : 1549 sats
Target 5 : 1717 sats
Target 6 : 1931 sats
Stop Loss : 955 sats
Note : Cardano is also one of the coins that declined almost double by the past 45 days and seems...