Hey-Hey!
On the BTC chart have an Inverted Head and shoulders and so as Cardano but there is a difference: ADA has made a breakout from the neckline and it has a free road to go to the next round number $0.05 which is around 10% profit opportunity!
Watch if the BTC makes a breakout from the IHS neckline then this ADA target would be easily doable.
Please, do ...
Hello,
As you can see we are in a down trend in the shape of a price channel. ADA is beginning to descend from the upper part of the channel towards the lower portion. The MACD crossover has begun and if history repeats itself then ADA is going to form a new low very soon. As you can see in the chart that any time ADA has made a cross over on the MACD within this ...
Short term
The price of Cardano seems to be stuck in a converging channel on its way down from 0.05 USDT, probably signaling a continuation of the bearish trend.
- Converging channel in downtrend (Can be seen as a bear flag)
- Very low trading volume
Longer term
The fall in price might stop at the support level at around 0.035 USDT and bounce up as the result ...
Look at the RSI & the price movement, it's likely that ADA will fall and retest the previous support. And the biggest support that I believe Ada will not break is the range between 0.034$ - 0.036$. After that Ada will form a "Cup and handle" pattern. If it rises up to retest the neckline, it will then form the "inverted Head and Shoulder", both are very strong ...
Hi guys,
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
Join our discussion ...
Gotta post some shit trades. Wish I posted earlier but this is a memorable one. Looking around on Christmas Eve and having a few beers. Trying to find a quick scalp to fill my bags for the holidays. Took a punt on ADA, literally was right at the top of a pyramid. Not sure what I was thinking?
Didn't set a stop.
Went to bed thinking it would all be ok.
Woke up. ...
Strong resistance could be a possible sign that there is still further drops in price to be expected. A further drop in price can push new lows of $0.010 or below even possibly $0.005.
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