ADA breaking out against BTC on the 4h chart in an inverse head and shoulders pattern with a 25.7% measured move target.
$ADA /BTC Current view. If its not able to hodl ~4k sats area, then ~3400 sats as next level to watch. UCTS bearish across multiple timeframes (~10% since latest 1D Sell signal) #ADA
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...
...Very simple setup, strong movement south and than consolidation for some time, be aware that Emma here is holding any gains nicely. This price action strongly suggest that further downtrend should be continued... R/R ration is healthy and it is close to 2.
On the USD pair ADA can be seen to be moving in a very tight range, I notice this a lot prior to massive breakouts upwards, which is very possible in this case Just touching the 100MA On the BTC pair another retest of the 50MA is in progress, each time this has occurred a bullish rejection was the result, likely another rejection upwards I do not hold ADA but...
Does this chart mean ADA stays stagnant and BTC pumps, or worse...
Cardano is moving towards new ATH considering the ADA/BTC chart. Currently we ca see the formation of a second bullflag since the head and shoulders breakout. We expect some more consolidation before an upwards breakout. Smart contracts are around the corner and money is coming towards ADA. With its proof of stake mechanism it also is energy...
Hey dear friends, hope you are well, and welcome to the new update on Cardano (ADA) coin. Previously we had a nice trade of ADA: Now on the daily time frame chart, the price action of ADA has formed a bullish Cypher pattern. There is also additional support of 50 simple moving average in the buying zone. Buy and sell targets: Buy between: 0.00003944 to...
Hi All, Based on the indicator and formation, I see ADA and many ALTs losing ground to BTC in the Short term. Only a few coins that might do well against BTC. All the best, S.SAri
ADABTC is testing an important trendline after the price created a triangle. IF the price will have a breakout downward and flip the current support (daily one) into new resistance, we can see a retest of the weekly support (red one). According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣...