A trading opportunity to buy in ADAETHTechnical analysis:
. CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. 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 (0.00034000 to 0.00032500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00034000)
Ending of entry zone (0.00032500)
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= @ 0.00036800
TP2= @ 0.00039000
TP3= @ 0.00043000
TP4= @ 0.00050500
TP5= @ 0.00054200
TP6= @ 0.00071900
TP7= Free
Search in ideas for "ada"
bullish divergence - if 6130 not broken & it reverses from here on hourly frame if 6110-6130 is not broken ...we may see a small rally leading to 6250-6300 . if this leads to closing of daily candle(today's candle) above 6285 . that will lead to rally in prices upto 7200-7300 in next 4-6 days .
Major alts are at support levels .
xrp , eth , ada . its a buy on these . IMHO .
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 Bittrex Price Analysis For Day TradingADABTC Bittrex Price Analysis For Day Trading
Cross Over found in over bought zone,
there is a small chances that prices goes up. If the market breaks 3084 level , then the next resistance should be 3287 satoshi.
Support level - 2721 Satoshi.
The price may be touch the 3084 resistance level.
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