Cardano is ready to go higher due to the fact that price is trading in range now and probably can break it soon, price can make new uptrend after that and go up to resistance zone.
ADA has broke out of the downtrend and broke above the resistance which has been followed by a correction to retest previous resistance as new support, we have now formed a double bottom and closed above the previous high on the 4hr timeframe im expecting the continuation to the upside to follow
SUMMARY: Short, balance of probability is that it will break down.
-- Technical --
Target is $1.18 for a downwards breaks of the rising wedge - bear signal.
Stoch RSI is overbought - bearish signal
RSI probably will continue down, after previous days of appreciation.
MACD shows momentum to the downside.
If it was to break up, say with a BTC surge, then...
A strong upward move is expected on the Cardano chart. The reflection from the bottom trend line of the triangle really indicates the tendency for the price movement upwards.
On the other hand, we are just below the strong price level, where we meet weekly Pivot point and daily Pivot point. This is not common and we definitely need to be careful.
However, we will...
Lots of confluence around that .618 fib level for ADA. Lets see if it will make it down there while Bitcoin continues to range and is looking like its losing its battle to hold some key levels at 35k.
I'd be willing to open a nice long around the Odin Zone for mid-term holding. With targets around ATH at least.
Happy trading.
Here on the four hour time frame we have a strong bullish heiken ashi candle meaning that its swing up will continue, also ichimoku has not yet indicated a trend reversal i am planning to hold until it reaches the top of the head and shoulder pattern that i have drawn out. The right shoulder will be made before the trend reversal the ichimoku cloud is flat where...
This chart easily you can understand it...in this chart there is falling wedgh in one day time fram...you can easily short from resistance 1.47 and put stoploss on 1.52... our first Target is 1.26...
Again I'm not a financial advisor..
Hi Traders,
So ADA prices are following a similar trend as to ETH prices, currently creating lower highs no the 1hr with price compression within a range. If we fail to break out of the downward trending tend line then expect prices to fall towards the two red zones acting as next support points.
As always if you enjoy the content don't forget to click the like...
✅ WHERE WE ARE
At 2.47, ADA made the top, which could be thought of as 3.
Because the 3rd wave was in 9 waves, a crash had come.
Drawing the parallel channel(white1 - white 3), we can see which points the price reacted to.
If my counting is correct, ADA wanna break 2.4700.
*As long as the ascending channel is unbroken, this idea is valid.
💡The absolute...
ADA Cardano is moving in a triangle pattern. I will take a position after breakout and Re-test.
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Hello everyone, as you can see ADA is trying to break through a strong resistance right now. All the altcoins had a big growth today but we may see a pullback in the following days due the hypothetical recover of the BTC Dominance.
I am expecting Cardano to fail the break through and bring us down to the support level ending our current uptrend.
Make sure to...
Like most crypto, ADA has seen a bullish period since the capitulation event on the 22nd of June.
Current price action is suggesting a (minor?) bearish move towards the bottom trend line of the wedge. Obviously, if Bitcoin regains its strength we might not even reach the bottom of the wedge and continue moving up.
In case the bearish wedge's support won't hold,...
