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ADA .. Let's go to 2 baby, come on Cardano Cardano, CARDANO! What a nice coin to have but how many times has it either bored us to death, made us feel like we missed out on other opportunities, or even dipped to support before rising again... I know! But we want to see the 2$ mark and we might see it now. so//let's GO Cardano!!! ps. my last name starts with 'ADA' so maybe I am bit emotionally attached to this project. Don't listen to me, buy something else (kidding you- go buy some ADA now fellows) FXPROFESSOR
Long
by FX_Professor
1
ADABTC - Waiting for a dip! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run. I would like to see a small dip For entering a new position in ADABTC. Maybe BTC bullishness and the fact that ADA is facing an importante resistance make my plan work . Catching ADA between 1756-1490 could be a good long-term position -- Trading level by level and Risking 1% of the account #btc # bitcoin #ada #cardano #altcoin #technicalanalysis #chart # trading #idea
Long
by FiboWhale
Cardano (ADA) - April 12Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (ADAUSD 1W chart) (1D chart) It remains to be seen if the volatility around April 12th (April 11th-13th) leads to a movement that deviates from the 1.22749797-1.37094617 range. In particular, it remains to be seen if it can rise above the critical point of 1.31605953. If you fall at the 1.12994504 point, you need a short stop loss. In order to continue the uptrend, it must rise above the 1.37094617 point and gain support. ------------------------------------ (ADABTC 1W chart) (1D chart) We have to see if we can get support at the 2097 Satoshi point and climb above the 2217 Satoshi point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ADAUSD
by readCrypto
Cardano: Ascending Triangle on 3DWhen we look at Cardano currently in the usual timeframes like the Daily or Weekly, we cannot see much of a clear price action, especially on the Daily. But once we change that up to the 3D Chart, we can see that the erratic price action disappears, and actually we start to see the clear opens & closes marking the clear tops at 1,30. To the downside, we can clearly see that we are ascending, which leads to a very nice Ascending Triangle , connecting the wicks. If we leave the wicks out, this still gives us a nice Equilibrium range between 1,30 and 1,10. (see the white line). So in case of a bear break, this line is gonna be important to take out. The probability of an Ascending Triangle breaking bullish is ofc. higher. The preceding price action is a huge bull pole since the break from 30 cents, we're going sideways for almost two months now. Therefore, a bull break has the potential to go towards 1,70 and above with >20% unleveraged. Of course it's crucial what grandpa Bitcoin will do from here. Funny enough, Bitcoin too on the Weekly is in an ascending pattern, albeit inside a upward tilted channel. In the direct correlation to Bitcoin ADA/BTC, we're in a very erratic Bull Pennant: => We have been in Bull Pennants against Bitcoin before, and have actually broken them bearish if you go back in time. So there is no automation for a bullish continuation towards Bitcoin. Even if we do that, it doesn't mean that in USD we will be going up. So even in case of a bullish break in ADA/BTC, in USD we could be going lower, but less than BTC. If we break higher obv., we will be outpacing BTC to the upside in USD. Conclusion : All in all, the patterns are tilted towards bullish continuation both in Cardano & crypto in general. The only problem is, we're still highly overbought on the RSI if we look at bigger timeframes. 3D on ADA has cooled down enough, but the Weekly is still completely in hyperbole. Bitcoin has cooled down from hugely overbought, to still overbought: Not really ideal for a long term continuation. Esp. if we get a weak break & halt at the upper side of the upward channel with BTC at around $66k, the current divergence could be very alarming. And as we know, the high correlation to BTC almost certainly determines the fate of the smaller siblings. The best case scenario for a longer term bullish continuation in BTC would be a much more prolonged sideways range first -which we will not get if we break higher now.
BITFINEX:ADAUSDLong
by Edgy_
4