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...
Interesting bullish divergence forming on the daily chart for DOGEBTC, 29 sats is also the 1.618 Fib Retracement level from the previous pump. If 29 sats holds we should probably see upward movement for dogecoin against btc.
This is just to keep track of my trading. Not any kind of financial advise
I believe we have just finished Wave 4 and are now setting up for Wave 5. Wave C hit to the tick the 1.618 Fib Retracement projected from Wave A.
This is just to keep my own record of technical analysis and it's not financial advise.
This is not financial advice as it is just for my own entertainment, to keep track of my analysis using Elliot Wave Theory and Guidelines.
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. (Verified)
Rule 2: Wave 3 can never be the shortest of the three impulse waves. (Verified, since Wave 3 is already longer than Wave 1)
Rule 3: Wave 4 can never overlap...
ETH failed to close above the daily 50EMA, which is also close to the downtrend line formed since August 2018. Volume is also not significant and I believe the bears will try to test the december lows at 80$.
On the bull case, a significant increase in volume and a succesful close above the daily 50EMA might send ETH to test the previous local high at around...