ADABTC trade ideas
The last time this pattern broke ADA had an 83% return vs BTCADA has been on fire this year! ADA has recently broken out of a falling wedge pattern after consolidating for a short period of time vs. BTCUSD. This move will likely signal significant strength in the USD price like the last time this happened on February 18th. If resistance at 0.00003 is broken there isn't much in the way of reaching 0.00042 which is major resistance.
ADABTC found support for nowThe structure on the left made during the bullrun is acting as a support on the recent break down. Currently I am neutral on what is happening next. But if it breaks the red diagonal and manages to closes above quit a bit we might see regained upward pressure. If it fails we will stay in consolidation for a while and might see some more downward pressure... good luck everyone!
ADA reversal imminentIn my opinion I think anybody could have foreseen the Cardano run it's had the last few months. This was too easy of a pick to get emotionally attached to. You made some profits, now lock them in. A lot of people bought this for the clout and have no idea what it is used for besides profit taking (currently its best feature, so use it).
The protocol implementations aren't a big deal, and I think they are already priced in. It will be a big fat nothing burger. Best case is that nothing bad happens and the network doesn't get clogged.
You have no more good news to look forward to as an ADA fan except for the next wave of mass retail speculation in late March or April.
Wave patterns, bearish divergence on the RSI, and 4 failed breakouts at the upper trending resistance build a bearish case.
ADABTC 130% Growing PotentialTarget:0.000031
It's interesting that target of the inverted Head and Shoulder is the same as the target of the upward breaking of the triangle
The trend is your friendSo far we are doing great here. I'll be watching this closely. As long as we stay above the lower trend line we are ok. Any break below could mean a reversal and local top for now. Good luck and wish you all good profits!
Click below idea to see my previous call on the brink of breakout.
POTENTIAL cup and handle forming on ADABTC There may be a cup and handle pattern forming on the weekly chart for ADABTC. If this prediction is correct we should see a push to the upside soon. In support of this bullish bias, we are also approaching the 0.618 FIB level which sits around 880 sats. Let me know what you guys think!
THIS IS NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH
One final dip before pumpI'm not expecting ADA to break out here just yet. I think it needs to fill the consolidation pattern (ascending triangle) a little bit more.
This dip might coincide with a Bitcoin dip to 44-46k.
Just my opinion, good luck.
ADABTC rising wedge shortterm breakdown / correction in uptrendADABTC forming a rising wedge pattern which may likely to break down to the consolidation area around the fib levels ~50 - 61.8%, there is also good support from the EMA's. This seems like a reguar correction move based on the last impulse.
After this correction, there is a good possibility for upside. this is no financial advice.
ADA Cardano going down hard huge runs get corrections.
.618 correction likely
swapping into BTC is likely a good choice for a few weeks
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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