Trade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down ...
#ADA
#Cardano
The Fibonacci intersection of the golden number with the megatrend price of $0.38 is equivalent to a 12% correction from the current price, a relatively safe entry point.
If the orange flash is lost, the next target is $0.23
Hey, folks, listen up! There's an awesome chance! The local bottom is practically waving at us. Time to make moves and seize the opportunity! Ada to the moon🚀😎 You know what? I've got a feeling the big market makers are gonna start pumping soon! 📈🚀DYOR
Based on the 4hr timeframes, ADA seems to have formed a triangle pattern from there it should squeeze to the near .60 cent mark. On the larger timeframes based on the fib, ADA has retraced to the golden .618 level and seems to be holding this can indicate an impulse move to the $1.00 ADA.
Fundamentally Bids have out weighed Asks nearly 3 to 1 so a more bullish...
Cardano has to move back to above $0.4477, otherwise it will dip to $0.3963 and, possibly, lower.
A bullish break-out of $0.4477 will push price back to $0.5434.
Above $0.5434 is a bullish daily zone and we will see a move towards $0.6562, where price action will be very important.
A sustained price action above $0.4477 will increase odds of the dip to $0.335.
Charles Hoskinson, founder of Cardano ( CRYPTOCAP:ADA ), has criticized President Biden's pledge to veto a bill aimed at reigning in the SEC's crypto crackdown. This comes as the American crypto and blockchain community perceives the Democratic party as a threat. Hoskinson has accused the White House of trying to "destroy the American cryptocurrency industry" and...
Hi there!✌
As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent...
Trade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down ...
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring ADAUSDT for a buying opportunity,
ADAUSDT UPDATE
In 8H Timeframe, Falling wedge Breakout is Done & Retesting is in Process✴️
Successful Retest Can Lead Massive Bullish Rally Towards 0.5000$ 💸🚀
Strong demand confirming on our $40s zone driving multiple confirmation with a environment breakout after a strong correction phase is no longer bearish.
Looks feasible as of now for a relief rally anywhere between 30-50% in the encircled points.
Let's see !
Cardano made a nice bounce after our last prediction of movement towards that lower supportive zone.
We are now seeing a price touching 100 EMA, which is the next zone of resistance, and the same goes for 200 EMA.
We are keeping an eye on both of those zones for any potential rejections to happen, so eyes open!
Swallow Team
Cardano has made a really nice rejection after that massive breakout from the triangle formation.
We are now looking for further movement to the lower zones, possibly touching that support zone there as well!
Swallow Team
Previous week low has taken and then on H4 market make higher high due to which trend has been changed. Now waiting for atleast 50% retracement and then will buy and target will be the Monday’s high.
