Cardano
Cardano Symmetrical Triangle Pattern breakout A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle's formation must be bullish.
Breakout CMP - 2.3 USDT (Entry point)
SL - 1.9 USD
TP1 - 3 USD
TP1 - 3.5 USD
P.S. - This is not financial advice, Trade at your own risk.
Cardano ADA Bullish View (Go Long)Cardano has completed it's swing high at all time has and has taken a correction at 0.382 fibo levels. Also price is currently at monthly cpr with railway track pattern intact. So it is the best time to go long. Also there a good risk to reward of 1:3. So mid term positional traders can go long on ADA.
Target 1 is the all time high of 3$ that is the B point of ABCD Harmonic Pattern.
Safe traders can book their profits and Hodlers can hold till ABCD pattern completion at 4$.
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.4172).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 2.5821
TP2= @ 2.7963
TP3= @ 2.9580
TP4= @ 3.1003
TP5= @ 3.2553
SL= Break below S2
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CARDANO PRICE ACTION ANALYSISCardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD.
Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support.
If the supply zone breaks, the target would be XABCD bearish crab pattern's 1.618 fib extension i.e., 3.38.
Put stop loss level at 2.47.
Happy trading :)
This is just for educational purposes.
ADA/USDT hourly chart analysis + setup 🚀Hello Traders👋
Today i have made a post on ADA/USDT 1 hour timeframe
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
Do fibs actually work ? Fibonacci extension simplified.This is an analysis of Ethereum in which I’ve used trend based Fibonacci extension to find the potential pivot points. Look how many times Ethereum got rejected at the 0.382 fib followed by a break above and a flip of that fib resistance to support. It easily moves to the next target of 3800 $ and found resistance there at 0.5 fib. It’s very useful as a trader and as an investor. To learn how to use fibs and other day trading and long term trading techniques follow me. I specialise in entry and exit strategy.
ADA/USDT Daily chart analysis + setupHello Traders👋
Today i have made a post on ADA/USDT daily time frame
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
Cardano may have a pullbackFor 2-3 days the daily volumes have been lower in Cardano token and majorly in most of the crypto tokens. This may be an indication for longs going for profit booking and a right opportunity to enter the rally in case you have missed it.
The sentiment is bullish, so try booking your profit and trail SL in case you try to short ( risky move). Wait for the 1.96lvl to go long. Below the stop loss level, the token may have a major fall.
ADA CARDANO 17/08/21ADA
It has been showing a lot of strength in recent days against the volatile BTC market.
ADA lies within a symmetrical triangle.
See that we pointed out in graph 2 possible movements.
The buy zone is highlighted in green if prices return to this level and show any reversal, it's buy!
Another possibility is that by touching the bottom of the triangle and making a reversal signal, we can also think of taking a position.
We remain optimistic about ADA and its potential.
Patience and strategy....
I hope I helped in some way.
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⚠️Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
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CTS - #ADAUSDThis analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.