J-ADA
ADA clears off parallel channel, up or down?Cardano, a significant cryptocurrency in the market, was having its price fluctuating in the last week. With varying highs and lows, the price was moving in a broad range within $1 and $2. However, the movements became steady in the past few days. It was moving between $1.65 and $1.7. Earlier today, the price diverted upwards from this range approaching a $2 mark. As soon as it touched $1.74, it began dipping with stagnant bearish candles. Following this, the price surged to 1.72. Currently with bears in hand the price might dip down if they close at lower values to $1.70. In the coming hours, if some bulls fall in place the price might sail high. RSI begins to drop near 58, buying pressure adheres.
Resistance level seen at $1.69
Support levels fall at $1.67
Cardano (ADA) Trade IdeaCardano (ADA) needs to close above 1.82 mark and sustain the price above that supply
ADA is very bullish during this bull run and it doesn't get affected with btc correction
once it close above that level it could easily reach ATH (2.40)
💡Don't miss the great buy opportunity in ADAUSD @Cardano
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6461).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64
Take Profits:
TP1= @ 1.8731
TP2= @ 2.0190
TP3= @ 2.1452
TP4= @ 2.2635
TP5= @ 2.4377
SL= Break below S2
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Wyckoff accumulation in CARDANOHere is a slight possibility that ADA follows the Wyckoff Accumulation, though I have preferred the close of candles over the highs and lows.
How to Draw Fibonacci Channels
Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend.
These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change.
Uptrend
When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows being created.
To draw the channel, first select the two low points on the trend, and then the high point in-between them.
After the channel is drawn, the Fibonacci levels calculated can be used to help speculate price action by watching these areas as support or resistance.
Downtrend
When drawing a Fibonacci Channel on a downtrend, a clearly identified trend needs to be established with lower highs being created.
To draw the channel, first select the two high points determined by the trend, and then the low point in-between them as shown below.
Do you use Fib Channels?
If so, share your ideas in the comments below!
💡Don't miss the great buy opportunity in ADAUSD". There is a possibility of temporary retracement to suggested support line (1.5369).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.6900
TP2= @ 1.7900
TP3= @ 1.9900
TP4= @ 2.1600
TP5= @ 2.3900
SL= Break below S2
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ADA exit plan for long holdersIn this there is some idea for exit of ADA for long holders as it is at its all time high. I have also given the points for short in ADA but you can buy any point bellow 1.5$ and will have minimum of 8% profit in Short term (Period of 2-4 days.). $ADA
Bearish Trend for ADA in Short termADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
Bearish Trend for ADAADA is heading toward bearish as it is making a bearish channel and may go till 1.480365.
Ada back on trackAfter a 2 month's hold ada is back on track to make a higher high
Ada looks very bullish after breaking of it's all time high next targets are 1.93 and 2.1$
Ada breaking out of All Time High🚀Hello Guys
As we can see price was constantly moving in a Acending Triangle near its ATH. Now price is breaking out, So we can make an entry here.
- Wait for the Breakout Candle close above the Resistance Line.
- Put your Stop Loss below the breakout Candle with proper Risk Management.
- Trail the Position with Trailing Stop Loss.
Happy Trading
ADA Accumulation Zones (potential 2x pump incoming)ADA has been holding back from a long time. I think this is because we are currently in an accumulation zone and this graph might possibly indicate be that zone.
The first accumulation zone of ADA that lasted from 23rd Dec to 6th Feb, a total of 45 days.
In both the zones, after we broke out of the first zone, we made a 3x gains. And the first accumulation zone lasted for 45 days, and this 2nd zone might last for 60 days from 15th Feb to 15th April. Now, to be fair I am not expecting a 3x gains this time, but I am expecting another 2x gains to maybe 2.5usd price target for ADA within the next couple of weeks.
💡Don't miss the great buy opportunity in ADAUSDT @CardanoTrading suggestion:
There is a possibility of temporary retracement to the suggested support line (1.0620).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 1.2485
TP2= @ 1.3400
TP3= @ 1.4600
TP4= @ 1.6770
TP5= @ 1.8350
SL= Break below S2
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ADA Price Predicted April 2021Ada which is known as Cardano recently listed on Coinbase......And We have seen 10-15% increment.
When we talk about future of Cardano it can reach 5$ Till the end of new month.
How it can reach 5$??
Because of its good projects plan in the march and april. Their are more than 10+ projects in the month of April. This is the reason.
You can consider buying at your own risk.
Crypto currency is subjected to market risk. Invest at your own risk.
ADAUSD - Breakout ApproachingADA has made fresh high in the last two weeks and has been consolidating on the downside forming a good triangle structure. Price sustaining can see ADA breaking out on the top side.
Volumes have fallen from the highs. Good volume is required for a good upmove. Otherwise we might see a breakdown.
