ADA 4H Time Frameher is some ADA levels and some channels i think we are in accumulation zone but take care we are still in down trend!|
Good luck!
ADAUSDC
Cardano ADA is Heading for 7$Hello,
Cardano has just entered into the price discovery so i might have to use technical tools more than the historical data cause its printing it right now so i am unable to anticipate based on delta data.
but here you can see based on fib and Elliot theory price is perfectly heading towards wave 5
i choose kraken as it has a perfect full chart for ada.
Cheers.
Possible levels of outcome for ADAUSD short term.Right now we are in a smaller range(.786 and .618 of blue fib retrace) within a bigger range(1 and .618 of blue fib). Prices have been consolidating in form of a wedge for the past 2 weeks. There are possible levels it can test if we break to either the upside or downside from the wedge. Oscillators(RSI, STOCH) are neutral for Daily and 4hr time frame.
ADAUSD Showing bad signals.We could be in a downward channel after breaking our green trendline that has been holding support for the past month. A bearish EMA crossover has formed on our 4 hour chart. We are hitting oversold on our RSI and MFI but only on the hourly timeframes. Going to the Daily timeframe, we still have room to go lower. I expect next support to be near 0.5 of our fib retracement; after that, we could have a chance to test support on 81 EMA on our Daily Timeframe.
ADAUSD testing support. Could this be our trend reversal?We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.
$ADA - Hit my bids pls ADA has now breached its 2018 ATH from binance and created a new ATH for this exchange
Not its ATH on all exchanges though as it was a it $1.2 in the peak of the 2017-2018 bullrun
On the 29th Jan I posted this set-up and now we have breached the key levels
Will likely set bids for just above the blue line - around 0.37 - and hope Aisa session gets me in over night - where hopefully we hold the key levels
Don't enjoy setting bids overnight as BTC could take a shit overnight, but very bullish on ADA as it is very similar to Ether and has been said today it would of saved millions in gas fees and transfers
That fundamental boost likely gave it enough to get over the line
Hopefully I can get in and it continues to the 1.618!
Lets go Cardano
ADA - Breakout Imminent?ADA - Cardano - one of the highly regarded coins fundamentally, providing similar services to that of Ether - Ethereum
The chart setup looks awsome too
I'd would expect a break of 0.375
Struggle in the 0.39's and back down to retest the initial breakout, if successful it will push on to the 1.618 at 0.435
Then we reevaluate what interaction we expect at this level, with some profit taking for sure!
Lets go ADA
ADAUSD wedge breakout to the upside. Short term.Sorry if I'm not fast enough with updates. My days are usually hectic due to family and work. On the bright side, we have made it past our resistance area of 0.33$ - 0.36$. Given just a couple days ago we had a stark retrace to .382 of our fib retracement @0.24$. ADAUSD later formed a wedge that we have broken to the upside. Now we have to see if we can make it to 0.40$ before another retrace. I have highlighted new support area if we were to have a healthy correction. We should get a pullback to our 21 EMA at least, but it all depends on how high we can go before we do. It is also worth mentioning that as overbought as we are on the RSI and MFI on all timeframes. Sometimes crypto markets ignores RSI and MFI completely.
ADAUSD move to 0.33$ to test resistance short term Update.Made a bounce off 0.24$ support/resistance zone @.236 of our fib retrace. We made it above our 21 EMA and .618 fib. If we hold support here and break out of immediate resistance trendline, high chance of testing .786 resistance zone. Decent entry for a trade @0.30 if we can manage to break out of 0.33$ resistance area. Also a high chance of getting spiked out with a tight stop loss. A safer stop loss would widen our risk. So I am in no rush to re-enter just yet.
ADAUSD imminent reversal. Short term.We did break out and closed above our blue trendline but with very little volume and follow through; thus forming an M pattern with .618 fib neckline. There might be some support at .786 of our fib but I don't expect it to hold the market very much. I also suspect that the green trendline support won't hold the market for long and will eventually break unless we get a bounce up to 0.36$. A good confirmation for a reversal would be a break below 21 EMA and then coming back up to test it as resistance.
ADAUSD short term update.As long as bitcoin remains stables, investors will be more confident in taking risks on alt coins.
ADAUSD beautiful Weekly BreakoutAlthough we are hitting oversold on our MFI and RSI in ADAUSD.
So i look to BTC dominance to see direction.
ADA CARDANO 4H Breakout - ADABTC ADAUSD ADAUSDC ADAUSDT ADAETHADA CARDANO 4H Breakout - ADABTC ADAUSD ADAUSDC ADAUSDT ADAETH
