ADA Cardano going down hard huge runs get corrections.
.618 correction likely
swapping into BTC is likely a good choice for a few weeks
ADABTC trade ideas
ADA 70% target markedHello Everyone, This will be supper easy trade i hope. just buy and hold a little time.
All target on the chart.
ADA/BTC Bullish Head and Shoulder breakout confirmed!Cardano announced it's mary update to come for the 1st of march.
Cardano starts to deliver and becomes the new ETH.
This is considered to be a longterm hold.
Checkout Daedalus if you didn't do that yet.
Reef is having a hard time and is close to two resistance lines.
Expect a small pullback to gain some momentum for a breakthrough.
Bitcoin is consolidating which normally is a good sign for altcoins.
Enjoy the ride and don't be too greedy.
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Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
ADA-BTC(Multi TF)BINANCE:ADABTC
The bull rally in Cardano seems to be supported by the feature of cross-chain interoperability and smart contract compatibility.
In the chart of ADABTC on the Daily time frame, since the past fortnight, the price has been consolidating in a range (1600- 2100 satoshi) and has also taken support at 20 DEMA.
KEY LEVELS TO WATCH:-
The supports to the lower side are present at 1800 Satoshi followed by 1600 Satoshi.
If ADABTC manages to give a decisive closing above 2100 satoshi, the prices may rise in momentum to the resistance levels of 2600 satoshi followed by 3000 satoshi.
King Cardano 2.24.21 The Real Ethereum Contender(Killer)Cardano holding MASSIVE strength during the sell off. I've NEVER seen anything like this out of a large cap. Beautifyl. If any large cap decouples from Bitcoin it will be this one as its already showing that it can handle the volatility better than even Ethereum. Cardano holders should be proud. It was actually up against Bitcoin during most of the crash and then immediately popped right back to 1 dollar. That tells you someone was loading their bags fat during that dip and very little dumping. I saw many coins shave off 30 percent in a matter of hours and they still have not recovered. Look for cardano to continue to build a base of support here before running again in the coming months. It might become a stablecoin for a while but thats ok . Nothing can go straight up and 1 dollar is a pretty huge psychological level.
Buying the breakout of the Pennant Been a while since I posted. been super busy trading this market. I still see cup and handles forming. watching to buy the breakout of the wedge.
#ADABTC : Inverse Head & Shoulders!ADABTC has formed a multi year inverse head and shoulders!
This Pattern makes me ultra bullish long term.
ADA has been all the hype as ETH is experiencing mega gas fees that have truly annoyed crypto traders!
ADA can take a few % of market cap from ETH fairly easily!
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ADABTC LONG --> Yearly resistance passedADABTC looks strong on the weekly. Price hovers around the resistance zone, just above. 4H and 1D timeframe MACD looks positive.
First big target: 4k SATS.
King Cardano 2.23.21Cardano still continuing to show massive strength in a volatile and battered market. not many are holding. This is one of the reasons i had moved a large portion into Cardano earlier in the week. Its stable for now and yes that may change and i may change my allocation but for now its 70 percent cardano 30 percent Kusama. I'm not including any long term holdings this is simply my trading account. some consolidation is expected but overall pay atention to the bitcoin pairing chart. Its clear that Cardano is going to surpass Binance, Ethereum and maybe even Bitcoin at some point in the next cycle. Jp.....or ami I? :p
The fundamentals are just too strong with Cardano to simply label it "vaporware" like the Tezos tribal member try to pass it off as.
Testing resistance as support may come down to the next prior resistance if this support fails. long term Cardano is going to continue to overperform until the chart says otherwise and it has alot of room to grow vs bitty.
ADABTC long setupMarket has made a nice daily impulse followed by a correction to test broken daily resistance as new support, now on the 4hr timeframe market has made a new higher high we are entering a long on the retest of previous 4hr resistance turned support, target to form a new higher high from daily perspective.
Consolidation or move higher? use SLYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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Possibly setting up for a parabolic moveADA/BTC has been very bullish. It's pulled back roughly 20% since hitting its ATH of $1.23.
It has to break out above its ATH by the end of this month or risk going into a longer consolidation pattern in the ascending triangle.
All my opinion. Gl~
ADABTC - Long - Potential 11.66%ADABTC - Long - Potential 11.66%
Entry- 1883
TP1- 1990
TP2- 2104
SL- 1790
- Trigger - Pullback
- BTC - Dominace decreasing + Price Rising
- RR - 2.2
- Trailing Buy - 1%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
ADA/BTC UPDATEADA played exactly like last idea. Now it finds itself on a strong monthly and weekly resistance, could find some downward movement, should monitor for that, but fundamentals are very strong for a strong push upwards.
ADA Rising Channel Pattern Price Target 02/21/21After the candlesticks pushed through the symmetrical triangle support lines, I found a rising channel.
Its price target can be around the 0.00002400 area which still falls in between my price range in case of the bullish scenario. For the break to the downside, we can fall down to the 0.00001840 range. We will just have to wait and see.
I am open for feedback, suggestions and advice. Thanks!
ADA Symmetrical Triangle-Candlesticks Push Thru Resistance 02/21I saw a symmetrical triangle pattern and the candlesticks push through resistance lines.
Target prices can be around the 0.00002350 up to 0.00002470 price range areas.
I am open for feedback, suggestions and advice. Thanks
ADA - Will it Bounce?Interesting opportunity on ADA/BTC here. Recently ADA had a break out of the bull pennant but came back to find the previous resistance as support. It is also hovering right over the 1750 fib level, seemingly holding that zone. I would accumulate here in case ADA happens to bounce, as indicators are looking good right now.
Entry: 1700-1750 sats
Stop Loss: 1650 sats
Targets: 1900, 2000, 2100 sats
