Likely path forward for ADA; break-out vs. ETH??Downtrend vs. ETH likely breached, supported by increased volume and RSI trend reserval. Large potential upside ahead?!Longby daanstolk880
ADA looking strong vs. ETHADA appears to be breaking mid-term downtrend vs. ETH, price as well as RSI. Volume support promising. Longby daanstolk880
ADAETH Possible scenarios - Bullish and BearishRight, so as we enter the new highs on ADA, I want to clarify that there are still concerns on the ADAETH pair. We want to see a break out of this descending wedge, which is usually common. Some things I want to point out- Bearish perspective: - If we see a break downwards, following the two curved black paths, bouncing between the wedge squeeze, then we may have a break downwards, and this might set us down to the pervious consolidation zones of this pair as marked by the RED path. Bullish perspective: - There is a large cup and handle at play (Dotted black curved line), which is actually forming the handle of the pair since 2018 and before. This is an incredibly bullish perspective, and a break from this would be new ATH for both pairs, and an indication that ADA will outperform ETH. However, let's keep this a little modest. - Green horizontal line is indicating the break zone of an INVERSE head & shoulder at play. I have circled the areas in green, as left, head, and right. This has not played out yet, but it is a possible play. If it does form this, we will wait for the break to the green horizontal line. - The most obvious and humble play here is the descending wedge, this is not very wishful thinking, as this kind of pattern is 60% of the time seen breaking upwards. What you want to do is confirm if the other patterns mentioned above are also in play! If they are, then we have a very strong bull run ahead. If ADA reaches the top of the BLUE bullish path, that means we will see ADA at $3 given the current price of ETH around $3400-$3500. by BARSTradingUpdated 0
ETH-ADA SWAPTime to swap ETH for ADA? Could be a good time to swap in some of those Ethereum profits for Cardano pump 3M Consolidation above 2018 ATH on ADA Sentiment negative (people forgot/got bored with ADA) Bears got no ammo left Shakeout over Longby cptOats4
Will ADA outperform ETH?To many ADA is considered a hedge to ETH, mainly for its reputation of potentially being an "Ethereum killer". We are reaching a point of contingency for ADAETH and can determine its performance for the next part of this bull cycle. Throughout the weekly chart we have clear accumulation and local/major peak zones. April 2018, April 2019 and July 2020 all saw local peaks relative to ETH on the weekly chart, going back to the accumulation zone. January 2018 and March 2021 saw major peaks for ADA, outperforming the local peaks and creating an area to catch onto pumps in between. After the major peak in March 2021 we've been seeing a slow bleed versus Ethereum. This is due to ADA's signature consolidation pattern, where it stays between a certain price point relative to USD for a period of time before pumping again. In addition, ETHBTC saw a bounce and is experiencing a surge in its channel. ADAETH bounced off its local peaks resistance as support for a few weeks but has broken down to the local peak zone. Moving to the daily, we can see that a descending triangle is potentially forming, as 0.00047 has been tested two separate times, one before the major pump and one at the time of this writing. One could also interpret the downward trend as a bullish falling wedge if you decide to chart your support line at the lows in mid-March and late April. If you decide to trade the falling wedge, the price target for ADAETH if it breaks to the upside would be 0.0009. If you decide to trade the descending triangle, the price target would be 0.001. by coopermalloy17
ADAETHSomehow back tested the breakout on the weekly chart... ADA is about to have ETH hold its beer. My opinion... LTC is for collecting more BTC and ADA is for collecting more ETH. not trading advice and good luck tgby Griffin03184
ADA Eth oscillator ideaAs we all know, markets tend to be oscillators or trenders. In this case, ADAEth is an oscillator which goes between price bands. IMO ada at $1.30 signified a local market top relative to ETH. Eth has a lot of fundamentals going for it soon - extra shard chains, POS, layer 2 updates etc. which will improve it's scalability and lower transaction fees. ADA is still vapourware for the most part, although with potential with partnerships in Africa etc. Nevertheless, $300 billion market cap is fairly overvalued IMO at this stage. I would be going for a short here all the way back to support.Shortby arvimanUpdated 1
ADAETH / Bounce or break TD support?Will ADA catch up with ETH? I’m leaning 75% bounce.Longby Tartigrade1
ADA.ETH (Y21.P2.E1).Is it getting momentum?Hi Traders, Its worth looking at ADA vs ETH because if one is about to do well over the other, then it makes sense to change your ratio holdings on that specific coin. For now, I see ADA getting momentum but it has a strong resistance line coupled with the sloping resistance trend line as well as the horizontal fib level resistance. Hence I I will not consider flipping the ratio until I see this level taken. All the best, S.SAriLongby ssariUpdated 228
ADA/ETH Pair EsplainationLuuuuuccy, I got some e-splaining to do. ADAETH es about to es-plode. At least I'm hoping it does, because if it doesn't, how are we going to get more ETH? That's the whole point of holding ADA in the first place, right? Don't listen to anything I say because this is my first post. Longby Madhat400
ADA/ETH Bullish Penant resistenceThis is to accompany the idea of the ADA bullish penant in weekly to hourly time frame. it's resting on this retracement support on its ETH pair. could see another move higher but will see how it fairs against it's resistance on the next line up that it couldn't break the first time.by Kempiet3
Cardano vs Ethereum ADAETH - 2021 year of the Cardano- Cardano is ready for a massive breakout to the upside in compare with Ethereum. - On the weekly chart we can spot a bullish rectangle consolidation pattern. - If you take a look at volume, we have a massive historical volume confirmed! 🎈 - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - There is a huge FOMO around Cardano on social networks. - Don't miss my upcoming updates and new ideas. - We can exchange back to Ethereum on the ATH Resistance level. - If you want to see more of these ideas, hit "Like" & "Follow"!Longby TolbertiUpdated 8837
Can Ada outperform Eth next bullrun ?ADA / ETH ADA was one of few coins last week its reaction against Btc dump was amazing and didn't drop hard like most of others Here with ADA / ETH pair weekly chart : we can see strong resistance since 2018 just broken few days ago This mean if the bullrun is still vaild we can see ADA outperform ETH in next bullish wave Important : weekly candles must close above this resistance and dont close below again Remember ...You should have a plan before trading and expect everything Dont trade what you cant afford to lose Best wishesLongby BabenskiUpdated 262641
ADAETHGot a bit more ADA instead of ETH as gas fees are restricting ETH's growth. Price printed a new WEEKLY CONTROL CANDLE last week. This week price broke the high and tested it. Good rejection and took half of a position. The other will be added if price retrace.Longby riandouma0
A altcoin cycle has ended and/or something is about to change!In many ALT/ETH charts i find the same pattern: They all topped out at resistance. And looking back in history, this is a time to convert some alt gains back into ETH. by niquedegraaff0
ADA/ETH ADA will be king.ready for the moon or did you still want to pay arm and leg on gas fees on ETH. growth on ADA is gonna be insane with 23 million software developers. Longby RoyceRoyBUpdated 444