ADA above 100 daily MA. 200 daily MA overhead resistance. Looking for bounces between the downtrend line/200 daily MA and uptrend line and ultimately a break and retest of the 200 daily MA as support. LTC is in that position now. We will see.
ADAUSD Trending above 100 daily MA. 200 daily MA above as an area of overhead resistance. Will have to see how the market performs with BTC, LTC, ETH. Some signs of short term bull sentiment. Will need a close above 200 daily MA retrace and continuation.
ADA is showing a lot of positive signs on the daily chart. Most importantly, we had a close above the 50-period EMA. There is a rising channel forming, but we are bumping up against horizontal resistance at .048, which also lines up with the 100-day EMA, potentially making it a tough resistance level to crack. Any move above this should be considered a bullish...
This is only a brief dip in my opinion. As you can see by the 2-Day TF, we still have PLENTY of room for upward pressure to continue; according to the indicators.
Here's the same chart again as the cover chart just in case Trading View's platform scrunches up the cover chart:
Feel free to have a look at the video...
Obviously, we began our pump before February 15th as mentioned in previous publication. If you have missed this, we expect it to continue up to the $0.056 to $0.065 price range before falling back down again to Test support. There is a brief dip currently in the works. I'll provide another chart in a lower time frame to see if we can determine WHEN the current...
I'm expecting the Price Action to fall down to around $0.038 to $0.034 Price range on our Second Test to mark the end of Phase A on or around January 31, 2019. Upon which we should reverse to upward pressure and begin Phase B with a Simple Rally to peak around the Preliminary Support Level Between $0.055 and $0.065 price range.
The 3-Day and 4-Day time frames seem to indicate downward pressure could continue until as late as February 26th to as late as the 4-Day candle beginning on March 2nd. Yes, we may see stints of upward pressure in the lower time frames while time is allowed for the Blue LSMA in Godmode on the 4-Day TF to come down and time for the Stochastic RSI along with the...
If you have a look at the indicators, you can see downward pressure is likely to continue until the last few days of January before we begin our upward trek to our Simple Rally in Phase B of our Wyckoff Accumulation Schematic.
Two trendlines blue and black.
Both are respected by price action, especially as we kiss the blue line all the way during the recent sideway price action to the down side.
Now the buyers must defend the price above these lines.
Red lines indicate drop back below trendlines and we anticipate strong bearish momentum.
For the time being we accumulate, and add-on...
My sytem has a BUY signal on Cardano (ADA/USD) yesterday at 0.43 level
Expected probability is about 55%
Expected AvgWin/AvgLoss ratio is 1.85
Take profit is 5xATR(10) at 0.55
Stop loss is 2xATR(10) at 0.36
Good luck and good trading
Smash the Like + Follow if you found some value.
Also drop a comment and tell me where you think XLM and ADA are headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?
PS - Always feel free to message me on tradingview, email or twitter if you want to talk crypto. I'm always looking to...
The goal for every technician is that his or her chart should be so easy to understand that someone with zero trading background can follow it.
After a week of brainstorming I'd like to formalize my TA into specific blocks and give viewers different options that best fits your needs/expectations. Here's the plan starting Monday, February 4th as I launch my 6...
Several Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge. The volume is not perfect for a wedge though, also thinking about the holiday's the past 10 days or so, the volume picture might be even completely wrong. For now i think it's important to watch the...