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From the daily chart, we could identify that there is a double bottom.
Stochastic RSI is also oversold, and also we could identify bullish divergence.
Disclaimer: This is not a financial/trading advice.
1d chart. Potential EW count. ADA correction looks near complete if not complete.
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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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 ...
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
Richimoku & Kumo Waves on Cardano / ADABTC
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ADA short term correction
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 ...
Buy and sell as an analytical chart. Remember to like and follow me to get the best signal. thank you
1.If you can't explain it simply, you don't understand it well enough
Not everything that can be counted counts, and not everything that counts can be counted[/i]
Look deep into nature, and then you will understand everything better.4.
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 ...
I want to see a reversal figure.
the idea is invalid if the price is below 0.069
13 October 2018
Listing announcement Cardano (ADA) trading starts on 13 Oct 2018.
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.
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 ...