ADABTC
Outlook chart for ADA/BTCAlthough most of indicator beginning signaling a oversold, Hull MA almost cross down into a bearish trend for a while.. i keep an eye for fib 0.382 for the possible good support around 1300 satoshi .. if it's break high possibility a downtrend keep persist.
There's also a possibility for the price action try retest 0.618 horizontal fib level before to decide to continue it's downtrend.
Please do take this as a grain of salt as there's many factor beyond technical analysis also do involve the movement of price action.. please share what your thought and feel free to share your idea..
peace.
ADA is preparing for Long term rally, ready to grab it?Hello Friends,
Lot of low volume alts are popping up, kind of selective bull run. We yet to major movements are big volume coins. Few signs are seen, sharing with you.
ADABTC after 01-Jan-2018 high, 15 months price was in downtrend. May,2018 was the period the price was above 200MA.
(200MA is seen as major indicator for bull and bear). After May, 2018, now we are trading above 200MA.
If you notice the chart, the price movement is between 800 SATs to 1100 SATs for last 6 months which is very good consolidation. Can this hold? As long as Sellers are not interested to sell it below the 800 SATs, seems they are not interested.
Last bull run for ADA BTC started at 650 SATs, check my previous call (1 year old one)
So if you compare 650 SATS, price touched 830 SATS from the high of 9000 SATs which is down by close to 90%. Wow !!! Yes, you are right. Price has bounced back 1100+ SATs levels after the 829 SATs low and trading above all moving major moving averages.
Now moving averages will act as support. The support is between 1100-1150 SATs (circled one).
One can buy there with sl (your sl based on risk appetite, 820 SATs can be good one)
Entry :1125 SATs, SL : 820 SATs, Target open. Book profits when you are comfortable
resistance zone at 1300 SATs, break and close above can attract more buyers to the coin.
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#ADABTC #BTC #adabtc #btc
CARDANO(ADA/BTC)ADA/BTC Analysis
ADA has seen significant move(40%+) recently and is expected to dip(drop) in the coming days for healthy correction before the next leg up.
Bullish Case:
It recently had a strong upward movement and will undergo a healthy correction(drop) in the coming days.If it manages to hold the support level(green bar) then it will try to the test the next resistance zone(red bar) around 0.00001400 satoshi .
The major resistance level lies in 0.00002000 satoshi zone, if broken then it would be super bullish for the asset.
Bearish Case:
If it doesn't hold the Support level(green bar) then we might see the 0.00001000 satoshi level.The last line of defence for ADA would be around 0.00000800 satoshi level ,if broken then it would be pretty bearish for the asset.
Cardano (ADA) Important Support And Resistance LevelsThe Market Is Right Now In Consolidation.This Is Mid Term Targets
You Can See On Chart There Is 2 Important Support Areas
Support 1 : 985
Support 2 : 613
As You Can See On Chart The White Trendlines Support Is Important At Around 1120 Satoshi If This Breaks Then Cardano Test 985 Support
And There Is 6 Resistance Area
Resistance 1 : 1366
Resistance 2 : 1691
Resistance 3 : 1964
Resistance 4 : 2427
Resistance 5 : 2914
Resistance 6 : 4066
ADA Bullish StructureADA after breakout is in sideways from last 53 days. Its in huge accumulation and available at the price that investors wants.
ADA making checkmate pattern right now means if it breaks upside then we will see a great price hike in ADA.
Resistance levels are: 0.00001799BTC, 0.00002451BTC, 0.00003081BTC, 0.00004124BTC, 0.00005088BTC, 0.00006590BTC.
Support Levels available at 0.00000977 BTC
Strong Support level is at 0.00000580 BTC
You can only take entry when its above 0.00001431 BTC for safe entry.
hope these levels helps you to open trade in ADA
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis:
. CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001160 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001160)
Ending of entry zone (0.00000970)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001380
TP2= @ 0.00001510
TP3= @ 0.00001700
TP4= @ 0.00001900
TP5= @ 0.00002440
TP6= @ 0.00002900
TP7= @ 0.00003400
TP8= @ 0.00004110
TP9= @ 0.00005080
TP10= @ 0.00006040
TP11= @ 0.00006890
TP12= @ 0.00009180
TP13= Free
There is a possibility for the beginning of an uptrend in ADABTCTechnical analysis:
. CARDANO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue .
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001200 to 0.00000970). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001200)
Ending of entry zone (0.00000970)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001900
TP2= @ 0.00002440
TP3= @ 0.00002900
TP4= @ 0.00003400
TP5= @ 0.00004100
TP6= @ 0.00005080
TP7= @ 0.00006040
TP8= @ 0.00006890
TP9= @ 0.00009180
TP10= Free
Cardano would probably resume its uptrend again...Technical analysis:
CARDANO/BITCOIN is in an up Trend and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 60.
Trading suggestion:
The price is in an up trend, but we forecast the uptrend would probably resume.
There is still possibility of temporary retracement to suggested support zone (0.0000250 to 0.0000170), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0000250)
Ending of entry zone (0.0000170)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000300
TP2= @ 0.0000345
TP3= @ 0.0000455
TP4= @ 0.0000540
TP5= @ 0.0000689
TP6= @ 0.0000918
TP7= Free
ADABTC Technical Analysis based on Fibs and Elliot Wave theoryThis a Technical Analysis for ADABTC chart on 4 Hour timeframe. It has completed impulse wave 1 and 2. Wave 3 which is usually the longest and strongest wave is just started. Based on the Fib level expected target is somewhere around 5700 to 5800 Satoshis (Taking this a bit on lower side) See the corresponding Fib level as well. Wave 4 retracement may be around 5000 Satoshis.
RSI is showing bullish momentum with higher lows. Please see the red trendline. Please also see how 55 EMA has just started providing support (Blue Line)
This is purely for educational purposes.