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ADAUSDT has been trading in a downtrend with a wider Bearish Channel. The channel recorded the first breakout in the form of Ascending triangle pattern.
We should prepare to buy the pull back.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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1d chart. Potential EW count. ADA correction looks near complete if not complete.
Observation, descending wedge however we can see potentially 2 points for a reversal.
The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign.
I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing.
If your going to go ...
ADA just broke down of the triangle formation.
I would buy -200% area (same as last low) and buy again at -300% zone and wait for bounce.
ADAUSD broke up from an triangle and descending wedge pattern and now looks to be starting the next major wave. There is currently bearish divergence on the 1H so I expect a retrace in the next hours and will be looking for buys in the region shown where I expect it will find support from either EMA200 or prior support levels to facilitate a reversal. From here we ...
Just a "believers not a traders" GUESS.
If you miss this, I seriously not sure why you even login to tradingview.
Remember this, we will be building mountains on top of the mountain. Never to see this home again. This time will be DIFFERENT.
THE WORLD IS ABOUT TO SOMETHING UNLIKE IT HAS EVER SEEN. 1+1+1=3
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Ada Long - Great RR and maybe cup and handle - THIS is not at the bottom, we had some higher lows so it can be considered as continuation pattern IMO.
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Any intelligent fool can make things bigger and more complex… It takes a touch of genius – and a lot of courage to move in the ...
ADA short term correction
up or down?
As I'm short currently, this is just a paper trade and a public prediction for me to later see how that played out.
I've just spotted a head and shoulders whose target reaches the 1D support line. The slope of the neckline is rising so it might not be so reliable.
There is also a hidden bearish divergence with the MACD which signals a continuation of the ...
If Ripple' (example) doesn't lose any value in the last week then Cardano' lost around 5%.
Cardano' starts to show us some bearish signs, and we are very close to getting some bearish confirmations.
Currently, we have two trendlines - short-term down trendline which is pulled from September 1. high and the major counter trendline which is pulled ...