ALGO has been consolidating range bounded between 1$ to 1.8$ for the last 2 months. Expecting big upside movement if consecutive daily candles close above 1.8$.
Based on the cup pattern and fib expansion from the last impulsive wave it could hit somewhere between 3$ to 7$ if BTC remains bullish.
Uniswap has been consolidating in an ascending triangle pattern. Breaking upwards, it will be targeting the 50$ mark which is also the fib 2.618 extension from the last swing high to swing low.
The low volume inside this triangle is a confirmation of a reaccumulating zone.
Uniswap mainnet V3 launch is scheduled for May 5 which could be the catalyst for the...
After 5 wave impulse since the March 2020 low, we went into an ABC correction and consolidation within an ascending triangle.
Time cycles also show that a breakout to the upside is expected in the short term (1 to 3 weeks IMO).
Not financial advice
Cardano is consolidating withing an ascending triangle pattern, with a price target of around 0.05$ in the near term. This pattern will be confirmed with a breakout in price and volume to the upside (resistance level between 0.036$~0.037$).
This is not financial advise, it's just my own opinion.
I also like to keep track of my trading ideas.
I expect BTC to consolidate between the symmetrical triangle in the chart and reach a new ATH once breakout occurs. New ATH range between 30.000USD to 90.000USD between late 2021 to late 2023.
This is just my opinion, not financial advise.
In the overall picture I think we just finished wave 1 of a larger wave 3 to the upside, which will lead us to new all time highs during this year (somewhere along the 30k USD range). As you can see from the fib retracement lines, wave 2 just hit the 0.618 range which points to a healthy correction before a larger explosive wave 3.
This is not financial advice,...
Cardano vs Bitcoin in clear accumulation phase after WXYXZ correction, it's touching the upper downtrend line in the channel and got slightly rejected but might breakout sideways or upper in the short term.
Projecting a bullish 2020 for ADABTC pair.
This is not financial advise, it's just for me to keep track of my own trading
On the weekly timeframe, Cardano (ADA) seems to be breaking out of a wedge pattern and it also has hidden bullish divergence (lower low in RSI and higher high in price). Fundamental analysis is also very solid for ADA.
If we see upward momentum in the market, a good target would be around the 1.618 fib extension from the previous wave which will set the price...
ADA has been on a wedge formation for the last couple of weeks. If it breaks upwards with volume the target should be around 7 cents.
This is not financial advise, it's for me to keep track of my own analysis.
Good luck trading!
Cardano (ADAUSD) seems to be forming a nice Head and Shoulders pattern, if the neckline decisively breeches to the upside then the minimum target would be around 0.20 USD. The price is currently being supported by the 21 weekly EMA, if a weekly candle closes below the 21 EMA then we should expect more downside action for the ADAUSD pair.
This is not financial...