Hi friends! Welcome to this update analysis! Let’s get right to it! Looking at the 4 Hour chart.
Now, before we get bullish or bearish, we have to assess the data on the chart.
If the most recent arrow is red, you should be short. If the most recent arrow is blue, you should be long.
Keep your Stop Loss at 5% of the price.
Looking back at the action following ...
After massive sell-off on the top of the accumulation range, ADAUSD is losing momentum as volume pattern is showing.
First target is 0,043$
Second target is 0,040$
Third target is 0,0371$ (support area after the automatic rally we had.
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 ...
This is a pure speculation of course, but it was interesting to see price of Cardano in 3 years time using the price development of Monero.
Price could reach $10 in a year time and in 3 years.... $100? Only time will tell!
Hi friends! Congratulations to my Twitter voters, who came in first place with their vote for a Cardano analysis! Without further ado, let's check out the daily ADA chart!
Looking at the daily chart, we can see that Cardano is in a downtrend channel (in blue.) You can see that, much like BTC and others, the 10 EMA (in pink) has been acting as resistance, since ...
ADA has currently completed 5 subwaves of the third wave. The RSI is displaying bearish divergence, where the price goes higher, but the RSI does not. This could indicate that ADA is losing strength even though the price is increasing. This is further supported by the declining volume and rising wedge pattern, which show that the amount of buyers are decreasing. ...
Begins with a brief description of what has occurred thus far in our Wyckoff Accumulation Schematic and what will occur in the future. Then we get into discussion on the indicators with emphasis on the importance of using higher time frames; such as the 4-Day TF (Time Frame).
even ADAUSDT dump more down , it's not going to ZERO , never .
it's already so close to the bottom .
make sure you have some and if it dump like 50% , so all you have to do is buy more ,
In this crazy market you will see pumps 5x , 10x , maybe 50x at any time .
I have been posting about ADA' a few times now the past 2 months, this time i am NOT going to give a short term view but only going to do the long/mid term view. Just too much noise on the lower time frames lately. TA is quite useless on the low time frames because Bitcoin' is moving too randomly. Each time when it looks to make a rally it drops and each time when ...
ADA still looks like the longer term bullish view is fully intact. The only doubt there is, is the sideways break out movement from that big bullish wedge. The volume during the break out is textbook, but because the market (Bitcoin) kept moving sideways and dropping again after each rally, ADA bulls have probably not been confident enough to buy it's price ...
The bear trends continues after some days of bullish move.
On the 3hours time frame, price has been spotted forming a bearish pattern chart pattern with tight flag price formation. When trading the pennant flag pattern(bullish or bearish), A tight pennant performs better than a loose one.
The flag looks more like a short symmetrical triangle and volume profile ...