ADABTC
Cardano Channel, Nov 9It seems that ADA correction is over
ADA price is moving in a ascending channel and it has the midline support of this channel
I expect it to hits ATH.
ADA/USD - On life support. If $3 falls, $1 follows... 😲Cardano’s native token has seen a downtrend correction since early September, following hitting the current all-time high at $3.09.
Unfortunately for ADA’s holders, the most recent market crash drove it below the key support level at $1.5 down to $1.3. Price is currently struggling to maintain the critical support, and ADA may continue to fall to $1 if the current level isn’t able to hold.
ADA has been in a steep and aggressive bearish trend that started months before this market crash. Therefore, the bears are in control of the market. In order to start seeing a bullish reversal, the price needs to reclaim the $1.5 level, which has turned into resistance following the weekend crash.
Trading Volume: Increasing volume as price declines is a bearish sign. Best to stay away from ADA until there are signs of a possible reversal, followed by a massive amount of volume.
RSI: The daily RSI has been hovering just above 30 points or above the oversold territory since the correction started in September. This puts ADA in a clear bearish trend. However, this latest drop in price did not make a lower low on RSI, indicating that bears may become exhausted. In addition, the oversold area is nearby.
MACD: The MACD on the daily timeframe is bearish with expanding moving averages and a negative histogram. This has to reverse quickly; otherwise, the $1.3 support level may be under significant pressure.
The current Cardano (ADA) bias is bearish. Since launching smart contracts on Cardano, the trend has been bearish for over three months, and this latest market crash even made it more difficult for ADA to find a way out of this downtrend.
If ADA cannot stop the downtrend at $1.3, the price will most likely drop to retest the next significant support around $1. The bears dominate the market as of now.
Keeping in mind the current market conditions, it’s hard to see how ADA can reverse course at this time. In the best-case scenario, ADA can consolidate here and attempt a breakout later in December.
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Cardano Hints At Growing vs BitcoinWe have a strong green candle today on the ADABTC pair.
This candle just happen to show up at the same level which worked as resistance back in May before prices peaked.
This candle is also pushing prices above EMA10 and EMA21 in just one hit.
This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop.
The volume has been low and the correction long.
It is possible to see a reversal here, the conditions are there.
The rest is for the market to decide.
Namaste.
ADA/BTCThe chart shows Cardano 'TO bitcoin, which responds well to the drawn trends. If the currency breaks the long-term downtrend line of this currency, we can expect a good profit.
As it turned out, the failure of the downtrend in the RSI occurred.
Strong bullish on ADAWe have three crucial support at these prices on ADA; the bottom line of the rising channel, an important trend line, and the 1.4-1.5 support zone.
And you know that the logarithmic chart is more important than the arithmetic chart.
Cardano Coin on its strategic supportHi my friends
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The Cardano coin has gained significant support in its correction process after a great flight.
My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days
Appropriate entry points, goals and stops are marked on the chart
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Be rich and generous
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$ADA multiple scenarios aheadThat's why trading is so interesting, right ?
$ADA could form an inverse Head and shoulders on 4h.
It could make it's last down leg if the overall market will correct a little, as we can see it right now. Last leg could go around WEEKLY DEMAND at BROWN Channel.
Still a cup and handle in play if H&S will form.
I personally believe that crypto market will see it's final leg up untill spring/summer 2022 and ADA will be one of the main stable coins around there.
Everyone will hype on shitcoins but real investors will try to secure their investments in stable coins.
Im watching ADA very closely and jump in it when its ready.
ADA - Trend is still negativeIn a 4-hour timeframe, the trend is still negative, but in the $ 1.5 range, there is a lot of demand. If the negative trend line breaks, enter for $ 1.75 and $ 1.9.
Cardano ADA looking one more time bullish on the weeklyCardano ADA might start having a bullish reversal on the ADA/BTC weekly. Very soon Cardano dApps will start working on the Cardano mainnet and this will affect the ADA price action in a great deal. One of the first dApps might be SundaeSwap: Cardano DEX, and then after this release many other dApps will be released, making the ADA price action very bullish.
Whatever BTC say I believe that if BTC continue to its downtrend till 52~52.5k price range,
Ada can touch prices between 1.15~1.22
& that would be a Nice and warm welcome to get into ADA again
Stay Tuned.
ADAUSDT-LONGThere is a long position in ADAUSDT Cardano
ADAUSDT Cardano
🔵Long Now or set on Key Level 1.525
🟢Target 1 1.725
🟢Target 2 1.915
🟢Target 3 2.080
❌Stop loss 1.400
#K_Level
ADA - Daily Chart ✅ADA is very close to its solid support areas.
There is one support level, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
There are no other short-term support levels for Cardano, so watch out it's very risky.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.493
Let me know your ideas.
Good luck.
ADA/USDT Hello''ADA reaches its long-term uptrend. We have a 61% Fibonacci that can be the best support for the price. After dealing with our uptrend, we expect a new uptrend for ADA.
Waiting for better opportunities!-Due to the momentum (yellow arrows) and volume of the red candles, ADA has no power to rise.
-in certain circumstances such as the release of bullish news, the orange scenario is possible, which I will update if that occurs.
-Bitcoin also has no bullish power and may go as low as 51k.
However, this does not mean I'm a bear!
Because during these crashes, BTC and ETH Exchange Flows have been decreasing (Especially Ethereum).
It seems like big guys want to fill their bags with a cheaper price.
In general, better opportunities are on the way. don't miss them!
Dear Friends, If you are interested, It would be great to show your support by liking and maybe posting your comment
Good time
ADA - Strong DemandIn a 4-hour timeframe, ADA is stabilizing above $1.8, and there is a strong demand for this coin in this range.
Be sure to enter even in steps. In the range of $1.5, you can enter if it makes more corrections. But $1.8 will likely be Cardano's price floor, and Cardano's next cycle will start for $3.
ADA - Traders can enter when the negative trend line breaksThe negative trend continues on a daily timeframe, and the range of $ 1.5 is its important support, which is also very likely a price floor. There is also a large positive divergence over a 4-hour TF, which could soon push the price to $ 2. Traders can enter when the negative trend line breaks for the targets of 1.8 and 2 dollars.
adabtc hitting fibo levelas you see cardano was falling during past days now if you take a look at adabtc chart in daily time frame you see a rejection from golden ratio of fibo and also a positive divergence in rsi
i think it is a good place to go long on ada
this is not a signal by the way
have a nice time
Cardano (ADA) - November 27Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ADAUSD 1W Chart) - Mid-Long-Term Perspective
Above 1.316 point: Expected to create a new wave.
(1D chart)
First resistance section: near the 2.005 point
Second resistance section: 2.486-2.647
Support section: 1.363-1.524
You need to make sure you can get support and rise in the support zone.
If it falls from the 1.316 point, it could fall below the 1.043 point, so trade with caution.
The price must remain above the 1.524 point to turn into an uptrend.
To continue the uptrend, it must move above the 2.190 point.
Since it has moved down from the drawn uptrend line, it is expected that it will attempt a trend reversal with a movement like section A again to form a new trendline.
It is necessary to ensure that the position can be achieved above the support section.
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(ADABTC 1W chart)
1593 Satoshi - 1944 Satoshi or more: Expected to continue upward trend
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ADA Cardano - Ready For A Massive Move?Hello friends, today you can review the technical analysis on the 1D linear scale chart for Cardano ( ADAUSD ), a cryptocurrency altcoin.
#CryptoPickk noted in the chart:
1) Cardano price has been falling since early September when it hit the top of the trendline and now retraced to the bottom trendline.
2) The last time the price had a parabolic rise from the bottom trendline, it took 45 days to get there. Assuming this, the price would reach the top of the trendline again on January 7, 2022. The price has the potential to rise by 131% from current price levels.
3) The Stochastic RSI ( Stoch RSI ) looks like it is forming a double bottom before moving up. CryptoPickk outlined this by the red oval.
4) The RSI ( relative strength index ) looks ready for a double bottom as well then upward momentum. CryptoPickk outlined this by the red oval.
5) The Volume Profile (VPVR) shows the highest amount of resistance below the current price as outlined in the dotted green line. There is resistance at around $2.10-$2.15 range.
6) The Volume seems to low with potential anticipation of a move coming. CryptoPickk shows this by the arrows.
7) The Ichimoku Cloud is looking similar to a prior pattern before the price upward occurred. CryptoPickk shows this in the orange ovals.
8) If price falls, it may be supported around the $1.45-$1.50 range.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ADA - Outlook ✅ADA - Outlook
ADA got rejected by ATH and is getting pushed down in a downtrend channel.
We might find support in the $1.5 area.
If not, we will indeed find strong support right on the area I've shown on the chart.
The market is showing Strong Sell volumes for ADA, so watch out for your positions.
Use this chart as your trade setup for now; I'll keep it updated.
Let me know your ideas.
Good luck.
