The Cardano indeed bounced from the Support area as was forecasted before. The 200 MA continues to act as the Support. The last candle is Hammer and the MACD pointed up so we can expect the ADA/USD to RISE!
The 200 MA has been Support for the Cardano since beginning of April. As the last candles provide us with the Three Black Crows and the pair is in the Support area we can expect the decline and following bounce!
I would like to share my idea where we currently go as ADA in next hours-days.
I will use 6h and 1D TF
-On 6h we currently experiencing minor correction between support and resistance ( WHITE lines) and still holding support on our GREEN lines uptrend.
So I would rather call it re-acumulation before our...
Hi my friends,
Welcome to this analysis where we are looking at Cardano this time on the weekly timeframe perspective which is showing equal signs together with the head and shoulders formation I mentioned ADAUSD is forming that is near its confirmation and breakdown, Cardano is also forming validation signals for this scenario on the higher timeframes. In such...
ADA had an extraordinary run of 700+% in the last few months, which I think is over now or almost. 5 waves (blue) appear to be done and we are now in the 5th wave (red) of the last wave.
I can see RSI bearish divergence and volume declining while price make new highs, this is another confirmation between 3rd wave and 5th wave
Typical emotion in the 5th of the...
I can actually see $0.25 very easily by end of August but we actually have a decent chance of seeing $0.42 by end of August. Each time you see a period of potential downward pressure in the indicators, do not assume we must have a decent pullback. Especially, if this is going parabolic...
Hello, Traders Investors And Community, welcome to this update-analysis where we are looking at cardano 4-hour timeframe perspective, the recent events, the current formation forming, what to expect next times and how to handle upcoming situations properly. Cardano was in a strong and significant uptrend where it approached the huge 12-month-resistance above in...
Since the start of the year, ADA has increased by 338%, all the way from around $0.03 USD to $0.14 USD which ADA is currently at. After seeing the growth, ADA has exceeded many of those in the top 30 by market cap, will this growth continue?
The only way has been up since March for ADA. This upwards trajectory can be clearly seen. However as...
Hi To All
Everything Is Clear In Ichimoku, ADA IS Above Weekly Cloud Como And When Kijunsen And Tenkansen Paired Together, This Is Sign of Strong Uptrend.
If You Agree Hit The Like Bottom And Support Me With Following.
The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.