Ada/usdt BinanceCardano looking good with great recovery & holding support area's, If BTC continues holding supports without any major dumps then cardano Maybe possibly retest ATH again...!!
ADAUSDT trade ideas
Cardano reaching support Ada is near lower support.
When price reaches support, We can prepare for a long trade to 1.59s
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.
#adausdt analysisThe strong dump has formed a head of HNS pattern, if successfully forms HNS pattern and breaks neckline, we could see $1 again.
This level is very important and needs to hold above the right shoulder to make HNS pattern invalid. seems difficult for that.
Only the King(BTC) can show some mercy
Regards
ada retraces the bullish impulsethe chart goes to create a wave2 and then would be ready to continute the bull run
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!
Ada/usdt binanceCardano going great and successfully achieve all short-term targets but ada looking still bullish with new possible parabolic movement tatgets..if we holding major supports...!!
ADA/USDT - Double bottom formation We can see a Double bottom pattern formation for ADA/USDT,
Long position may be taken when the stick stick the resistance, pulls back to support and opens with the Green Candle to support the Bullish trend. The 200 MA shows the imminent upper trend.
Ada/usdt binanceCardano holding good support & forming triangle pattern in 1hr time frames, so next possibly pump & dump targets scenarios..!!
Channel breakout along with double retest! ready to pop off!Cardano had ha huge breakout recently in daily and hourly TF, retested twice with double bottom at the channel top and its ready to touch 2USD mark in upcoming months!
