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...
Since the 0.4 low made in May, Ada started to consolidate. This consolidation is a descending triangle though, suggesting the pressure is on the sell side.
With this renewed pressure on the crypto market, I expect a break of support and a 50% tumble could follow for Cardano.
Only the price back above 0.53 would bring some relief.
As long as the price is under this...
adausd has formed a cup and handle pattern and its handle will continue to touch FL zone i mean $0.22 and after that this cryptocurrency can break out handle and touch main target for sure (final target $19)
i know this is crazy but what is not!!!
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Cardano (ADAUSD) got rejected 6 days ago exactly at the top (Lower Highs trend-line) of the long-term Channel Down pattern that it has been trading in since the September 02 2021 market High. This is the 4th Lower High rejection of this structure and when that happened in the past, a strong rejection followed.
Cardano has been trading sideways for basically 3...
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ADA 12-24h will it draw bullish candles next two days?
We had a hammer, lets wait for Fed news and reaction.
It does look like Cardano spend some time in the accumulation and ready to go North.
Or it can test again and go to Hades to the South, that will be long trip to the Key West... lol
Just showing off XRP vs ADA, XRP pushing up against ADA and breaking out of a symmetrical triangle. Just throwing it out there, may put out a few more custom XRP pairs because XRP looks strong vs most alts including BTC.
the dxy is in the resistant levels of month charts. it is only a matter of time before we see a hard fall. the price can't just go up it has to go down too. that is the nature of the market. I see 2 important key levels with cardano. why i want to take this because i see a reversal pattern and such patterns play out really well at the right key levels. if the...
Many persons won´t like this idea but the fact is that ADAUSD remains in the downtrend.
Small bounce only to get rejected from the downsloping resistance line is still possible but generally we expect ADAUSD to continue its downtrend as other alts most likely will do.
- September is usually bloody for crypto
- BTC.D at the key support - bounce expected which...
Cardano Wyckoff Accumulation on the daily chart.
🚨 As long as #Bitcoin doesn't crash, ADA could moonshot once the whales are done accumulating in the next 24-48 hours.
💡 No "spring" move. OBV shows quiet buying when no one is looking. Stop loss below LPS at $0.425
Cardano seems to be in a big wave a of a flat, which ends at $0.3 and $0.2. If we see a repeating pattern, the expectation of after the completion of wave A can grow in the form of wave b to the range of $1.2.
This is not going to be popular, I know. However the moment emotion surpasses reason is the same time profits bleed. There is a number of reasons to be very bearish at this moment on ADA. Why?
On the above 10-day chart:
1) Bearish divergence on ADA / USD has been in play for some months now following a ‘great sell’ signal on the above 10-day chart around $1.40....
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...
ADA/USD 12hr - Forming a large descending triangle.
Ive seen a few videos claiming the #ADA has bottomed because of its long consolidation but let's play devils advocate here.
Whats not in ADA's favor:
🐻 Its possible no coin has found a bottom (Perhaps ATOM, sheesh).
🐻 The series of lower highs says Bears are in total control
🐻 There is a big difference...