ADA continues to be in the mood of side trading. This is supported by significantly decreased daily trading volumes, which don’t have strength to push the price to any side. This is also reflected in technical indicators, which are “freezing” for some time now. During the week RSI moved from 51 to 55. The indicator shows that the market is still eyeing the...
Prediction: Buy ADA/USD @ 0.5 Target 1 - 1.3 Target 2 - 1.75 Stop Loss - 0.4
Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here. The volume weights for today to recreate this exact chart are the following (enter it in symbol...
Hello fellow traders I'm bullish short term on crypto market sentiment. So here is just a target price I'm looking at for Cardano around 63 cents. As you can see in the past history of the RSI and MFI, price might reverse at these levels. I believe we are in a accumulation or demand zone looking to make a move higher. Overall outlook is still bearish unless...
Regularly, I will be sharing something a bit different moving forward. I have a single chart of the ten major cryptos based on the volume. This volume determines the weight of each crypto in my analysis. This allows us to have a high-level overview of the market’s major movers in one go. If you want to try it out yourself, enter the following formula under...
hello traders Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for...
ADA is very likely to touch the narrow channel shown in the chart. For this, two path is possible, first, giving up the price and second, wasting our precious time. If you are going to buy and hold ADA, you can buy it in several steps. Do not risk all in current prices. please be aware that the channel can also be breached so watch the reaction carefully. Notice:...
Here is a closer look at this ADA/USD 1 day chart: ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is...
Ever since Cardano broke away from its downtrend, highlighted by a downward-facing channel, the cryptocurrency has maintained a steady sideways pattern despite the noise in the market. ADA remains glued to the $0.500 line and awaits some market impulse to act. Despite the sideways pattern, the cryptocurrency adopts a slightly bullish bias as it continues to...
Well, the bearish scenario played out since I last looked at ADA back in February, and we saw the predicted drop to around $0.40 -- a hefty 88% retracement from the ATH. I was buying at $1, so you can bet I'm buying here too! Weekly RSI has bottomed out at 30 (an all time low), and low TF structure leads me to believe we might be heading for a retest of the...
Hi Everyone! We need another 1-Day and 3.5 hours to pass to know more. About what? To determine if we are in the process of one more "Last Point of Supply" event in Distribution before potentially falling down to around $0.31 to $0.32 cents. Or, to determine if we could potentially be going up slowly with another Simple Rally event in Phase B of potential...
So many messages on ADA. Buy / Sell?? “I saw you’re short from $3 and dismissed it - he’s mad”, “I saw the 50 cents idea, always spreading FUD” etc etc. lots of anger, lots of emotion. Folks emotion is a money killer. When I publish those short ideas they are not without study. And for free! Is ADA a buy? Of course it is. Why? Real real simple.. On the above...
Cardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a...
As we can see, ADA has formed a massive downward triangle. The goal of which is to cover the imbalance formed in growth from December 2020 - January 2021.
Another positive week for the price of ADA as the coin found strength to move from side trading to the higher grounds. Although ADA started the previous week around support line at $0.45 it`s price soon has been pushed to the higher grounds, first to resistance at $0.50 and then further to the next short term resistance line at $0.55. Current charts are showing...
Once ADA clears that white resistance line around $0.545 we should expect high volume and a price surge. 1H RSI supported at mid range. I entered this trade at 0.517 Targets: $0.57 $0.60 I believe ADA will finally wake up. Vasil hard fork may be delayed and take some dominance from ETH (but we will see)
On the 4 hour chart, a clear double top formed, put take profits at bottom leg of initial run up. Placed a short with take profits at .448 and stop loss at .51. Was a little late entering short.
i think cardano will go to 1$ then 2 $ , that will double its value , i'm waiting for wednesday news , and more confirmation to take long position