Cardano (ADABTC) is about to close the current 4H candle below EMA10...
We also have the MACD peaking and showing a young bearish cross as well as the RSI trending lower.
Prices are likely to drop...
The next target is marked on the chart based on Fib. proportions.
Note: This is not financial advice.
You need to have a plan/strategy before you trade.
Charts...
Massive inverse head and shoulders forming on the ADA BTC chart.
Potential huge upside with continued fundamental backing in Shelley rollout and decentralization, holders delegating funds and upcoming Goguen and Voltaire releases.
Greetings,
the altocoins began to correct, but not all.
On the 4-hour chart of the ADA is drawn a triangle, the exit from which will give 20% movement to the support or resistance zone.
If the idea turned out to be useful for you, support it with likes. I also remind you that I have a telegram channel, the link to which can be found in my profile, where I place...
This was covered in previous post... but ADA will likely follow a linear lead ahead of BTC for a week or so before moving parabolic against BTC.... which BTC alone could move with parabolic strength towards end of month.
This play could last around a month (150 tiks).
Backtested strategies and moving evidence support this. I will not be mad if this ends up...
I believe ADABTC has put in a reversal on the 1D chart, signalling that dips are for buying.
Technical reasons for the trade:
→ Price spent a few days below the 1D 200MA before quickly powering back up on volume.
→ Confirmed bullish div - Histogram and RSI.
→ Fisher bullish div + buy signal on 25th September.
→ OBV back above its 13EMA.
→ Bullish engulfing...
This setup looks promising off of historical data and the prospect of outpacing any BTC moves. Despite a high RSI... this position could last up to 26+ days.. so that's irrelevant in the long run.
I've found this to strategy to be effective on the 4h timeframe because it does not give up on short movements when the long term momentum is still pulling upwards.
tenkensen broke kijunsen and chiko in the free area and komu cloud is asending
in multiple time frame analysis we see the long position
stop order upper the last candle and stop loss under the kijunsen
Has $ADA finally bottomed and bounced off the 0.786 and broken out from the parabolic downturn? I think we will see another rejection from the upper trend line and further downside. Keeping a close eye on the Daily close today
After quite deep move down we can see a light again.I count ADA is taking a deep breathe before starting climb again.I am in and 3 more orders waiting for lower prizes waiting.
Lets see
:)
Ada in quite interesting place right now. ADA price in pullback from 1500 zone, dropped roughly 50% down without any pullbacks. I can expect some price action near 700 zone up to 25-30% to resistance (sell) zone.
ADABTC - Long - Potential 15.27%
Enter- 753
TP1- 796
TP2- 868
SL- 689
Happy Trading! Try to capitalise on this descending wedge for a big gain to TP2, however even a small pattern following peak should be enough to bank TP1. Let us know what you think!
