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ADABTC

ADA Cardona forming a head and shoulders patternFellow traders, Be prepare for the next move. It appears to me that the completion of the head and shoulders is completing now and we are going to see the last part of this pattern. In my opinion this is really needed for ADA to continue upwards on a solid ground. Also it's a very good opportunity to buy at the bottom and collect your profits later. What to expect next is we will revisit the 1.13 area, and following that to revisit the 0.96 area. If we go below the necklines, than we have confirmation of what is going to happen next, correction to the level of 0.75 area. Goldens buying opportunity between 0.85 and 0.75 to open a long position. Please trade at your own risk.
KRAKEN:ADAUSD
by PatrickHob
9
Cardano (ADABTC) - Coin of the weekCardano is a proof-of-stake blockchain network that aims to empower "changemakers, innovators, and visionaries" to effect lasting social change. The open-source project also seeks to "redistribute control from unaccountable institutions to the margins to people," resulting in a more stable, accessible, and egalitarian community. Cardano has a price today of $1.22 USD with a 24-hour trading volume of $6,719,866,914 USD and a market capitalization of $39 billion. It has a circulating supply of 31,948,309,441 ADA coins and a max. supply of 45,000,000,000 ADA coins. Cardano started an uptrend on the daily timeframe in the middle of January and topped on the 27th February at the price of 0,00003195 BTC per ADA. From the 27th of February until today we are in a retracement that looks (now) like its correcting for at least one more leg up. On the 4h timeframe we have a structure that started in the middle of March and it’s still developing. Crucial zones that will determine the future direction of this pair are the support area and the minor resistance marked on the chart. If we see a down move that will break the support it will increase the chances for a deeper retracement. If it will break the minor resistance and will consolidate there, we should see the price trying to reach the major resistance. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
38
Cardano (ADA) - March 26Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- It remains to be seen if it can rise along the uptrend line and climb to the 1.15577388-1.22749797 section. If it falls between 0.65370521-0.72542930, Stop Loss is required to preserve profit and loss. If it does not fall below the downtrend line, an uptrend is expected. ------------------------------------------ (ADABTC 1D chart) We have to see if we can get support at the 2097 Satoshi branch and ascend to the 2511 Satoshi-2649 Satoshi section. If it falls in the 1545 Satoshi-1683 Satoshi section, Stop Loss is required to preserve profit and loss. I touched the important point, Satoshi 2982. We need to see if we can stock up on power while moving sideways in our current position. (1M chart) -------------------------------------------------- ------------------------------------------- ** 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
3
ADABTC - Head and Shoulders on the dailyIf this head and shoulders is confirmed for the ADA-BTC pair, it's going to get very very ugly, and probably very quickly. The downside is massive from the top of the head to the neckline, measured below the potential bearish break point. The overall trend is still very bullish, but short term momentum has slowed, which could potentially lead to larger breakdowns in price action depending on what the BTCUSD pair does in the coming days. The most recent 5-7% dip in BTCUSD price weakened a lot of other crypto pairings, causing similar pullbacks market wide. If that dip turns into a longer term correction, odds start to stack up against a continuation of the bullish trend, and start leaning into bearish territory. My plan is to remain watchful for breaks below any key levels of support, and to exit positions if that occurs, without hesitation.
by Crypto_Mayhem
1
ADA still in consolidations with a possible breakoutADA still holding the bullish uptrend and it's continuing the consolidations process. What you should looking for, ADA needs to cross 1.1670 to continue upwards towards the $1.31, if we cross the $1.31 than ATH might be achieved again and continue from there to even higher level. If and this is a BIG IF we lose the $1.00 price level, than expect a downtrend with a support of $0.956 and $0.80. ADA still very bullish despite the pullback from the ATH twice, still moving on the daily chart within the ascending triangle witch is Bullish pattern.
KRAKEN:ADAUSDLong
by PatrickHob
10
ADA is on the verge of a 24% upswing Cardano price prints a bullish technical pattern on the 4-hour chart, hinting at an incoming breakout. The falling wedge pattern may elevate ADA to $1.35, jumpstarting the recovery to a record high of around $1.48. Cardano is among the few cryptocurrencies trading double-digit gains among the top 50. The market is dotted in green; however, price action remains lethargic. ADA is up 14% over the last 24 hours to trade at $1.11. For now, the least resistance path seems downwards but Cardano is trading within the confines of a bullish technical pattern, suggesting that an upswing is likely in the near-term. The aspiring smart contract token trades at the apex of a falling wedge pattern, suggesting that a reversal is in the offing. The bullish outlook forms when an asset's price drops with pivot highs and lows while converging at a single point referred to as the apex. A breakout is usually anticipated before the trend lines converge. The common breakout is mostly confirmed by a consolidation period, followed by a spike above the upper trend line and reinforced an increasing trading volume. As for Cardano, the 24% breakout is expected to come into the picture as soon the price steps above the wedge pattern and the hurdle presented by the 200 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart. It will be a real breakout if the 50 SMA's seller congestion area is pushed into the rearview. The expected upswing may fail to come into the picture if the Moving Average Convergence Divergence (MACD) continues to slope downwards. Currently, the MACD line (blue) is holding under the signal line, confirming the bears are still in control. Cardano intraday levels Spot rate: $1.1 Relative change: -0.006 Percentage change: -0.4% Trend: Short-term bearish bias Volatility: Low
BITTREX:ADAUSDLong
by CoinGape
5
Is not over yet! Corrections continue until...Hi fellow traders, Don't be fooled with the sudden break we have now, ADA and so Bitcoin are going into that phase of correction. For ADA, we are forming a descending wedge that eventually will lead us down to 1.10- 1.05 support area. The last gap will be filled! Follow the green arrow, it will be adjusted a we go through the process, we should expect to reach the 1.24 before we retreat again to the level of 1.14 and eventually 1.09ish. Please trade at your own risk
KRAKEN:ADAUSDLong
by PatrickHob
4