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Adausdlong

ADA/USDT (Short-term trade)ADA/USDT is presenting a good buy opportunity upon break of short--term resistance. Next resistance (R2) presents good upside (a good place to TP) RSI has room to grow on 1D MACD still bullish, but may turn bearish (would watch before entry) Stop loss @ 0.10399 USDT The Crypto Associate is not responsible for any losses incurred during trading digital assets or any form of security. This analysis does not constitute investment advice and should not be regarded as such. All analyses is for informational purposes only.
Long
by Coolduck46
Cardano to retest $0.095Cardano - Intraday - We look to Buy Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Trend line resistance is located at 0.0950. We look to buy dips. Dip buying offers good risk/reward. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. We look for a temporary move higher. Our profit targets will be 0.0942 and 0.0948 Resistance: 0.0920 / 0.0940 / 0.0950 Support: 0.0910 / 0.0900 / 0.0890 Signal Centre
Long
by Signal_Centre1
1
ADA.USDT (Y20.P4.E2).Looking for the next longHi All, I'm not going to add TA commentary on this post, as the chart does a good job. Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib. If you missed this, its not too late, looking for the next opportunity, it should come in this structure. Note, most reversals create a bottom structure and the question is, what will it be? Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area. Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL. Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below. As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA. Please give me a like or tick for this post. Cheers, S.SAri ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ PREVIOUS POST ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level. on the Daily, its a different story. Potentially SP500 reversal\bottom
Long
by ssari
5
ADA.USDT (Y20.P3.E5.v3).Looking for the next longHi All, *** This is a continuation of the previous posts *** OBSERVATIONS: =============================================================== 2 Day, Weekly and Monthly charts below; 1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support; 2) Funnel formation\structure at the macro level; 3) Daily chart shows reversal signs on both the structure and indicators; 4) Daily shows we have the 21 ema resistance; 5) 2 Day indicators shows the following: > Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year; > KDJ is more responsive than the MACD and is showing signs of a reversal; > 2 Day candle stick is bullish; > Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon; 6) Weekly chart shows the following: > Large rejection wick to the downside from the MR (Monthly resistance level, now support); > Rejection form the weekly resistance level; > 21 weekly EMA has confluence with the Monthly support; > Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line; 7)) Monthly chart shows the following: > Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month. > Resistance was and is the previous monthly resistance; > Monthly candle is less than half the previous candle, showing momentum coming back; THOUGHTS: ================================================================= If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal. ADA is one of those coins that you should have going long; Next year has many things going for it with many developers having interest on this platform; Daily chart: 2 Day chart: Weekly chart: Monthly chart:
Long
by ssari
1
ADA.USDT (Y20.P3.E5.v2).Looking for the next longHi All, *** This is a continuation of the previous post, link provided below. *** Note: Log settings are not enabled on this chart. I have come across the LIVERMORE Speculative Chart just today and it seems many of the ALTs are doing this in some form or fashion. I have yet to spend much time on learning all the details to this strategy. So my first attempt is on ADA. The LIVERMORE base structure starts off with a accumulation cylinder with a widening mouth, just like ADA here. The 1,2, 3, 4,5 ,6, 7 what I understand usually aligns with the Elliot impulse with 6,7 corresponding to a ABC correction. So I have given the background to this approach and now its now a matter of waiting for a bullish reversal to jump in, if this is to be true. Lets see if I have interpreted this correctly. - I have both indicators over into the reversal area of the stochastic, phoeix and RSI indicators on the daily; - I have price action on a trend line (support) as well as a fib level; If ADA is to do what is on this post, then its likely BTC will be defended here and no new lower lows. ADA might wick down a little lower with a acceptable deviation for this chart structure to work or be true. So might BTC. Below is a high level overview which I believe could align with the Livermore strategy. Regards, S.Sari Overview with key levels on the fib as resistance which also equate to targets. Aligns well with this strategy, if its true. PREVIOUS POST to this topic
Long
by ssari
1
ADA.USDT (Y20.P3.E5).Looking for the next longHi All, Observations: > Looking at the structure, it makes plenty of sense that we have likely hit the top on this impulse being point 5 > The indicators on the Daily show a bearish divergence and the chart below showing the downward pressure > Target 1 equates to the height of the Triangle > We have had an upward parallel channel with a upward wedge on the last section, indicating a squeeze at the top > The 21/50 EMA acting as support for ADA's upward trend The following chart below demonstrates , with a possible wedge to demonstrate the squeeze to the top before dropping to the 0.5 or 0.618 fib retracement level. 8 HRLY chart > Downward pressure on the indicator My thoughts: Stay away from ADA going long at this point until we have further confirmaitons; Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
ADAUSD formed another bull flagHi friends hope you are well and welcome to the new update on Cardano. The ADA coin has two major events one is at the end of this month and other one is in next month. First we have the Shelley hard fork on 29th of July and the next event in my point of view is more significant and that is the 1st stacking rewards on August 18 2020. A big bullish harmonic move: First of all, I would like to recall my previous idea that I posted on 24th March when the Cardano coin completed the final leg of bullish butterfly pattern on the monthly chart. And as per Fibonacci sequence of bullish butterfly, I predicted by buying in sell targets and so far it has produced more than 470% bullish rally. So congratulations to the people who bought the ADA on my call but do you remember the information I am providing here is only for educational purpose. An up channel: Now if we switch on the daily live chart then the Cardano is moving in an up channel. From 9 July to 17 July the price action broke out the resistance of the channel for some time but while re-testing the previous resistance as support the priceline failed to retain the support and re-entered in the channel. The bull flags: Now if we switch on the small time period four hour chart to take a more closer look on the movement of the price action. Then it has formed a pennant and after hitting at the support of this pennant the price action is moving towards resistance. And if we switch to the daily chart then this pennant will seem to be another bull flag as the Cardano is already forming different flags on the daily chart during this strong bullish rally. The SMAs on 2 day chart: If we place simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then it can be noticed that as in my previous article I was expecting that the 100 simple moving average will soon form a bull cross with 200 SMA and now this bull cross has been formed completely. Conclusion: On the long term if the price action will be able to completely cross up the 0.786 Fibonacci projection of A to B leg as I have defined on the bullish Butterfly chart on the monthly time frame. Then we can observe more powerful move than the previous one. However, we should set our stop loss at the support of an up channel where the price action is moving on the daily chart to minimize the risk factor.
KRAKEN:ADAUSDLong
by moon333
3
ADA (Cardano) Looking BullishMonthly level has been touched first in the form of green candle. Monthly level was tested 1st time in the form of red candle. It means two tests have been rejected. At the same time the red candle is going to test monthly support level at 1254. So 1486 is the monthly resistance where as monthly support is at 1254. As Monthly level 1254 had been broken so it is normal to retrace back to test the 1254 zone which would have become support. Analysis says that ADA is going to retrace back after testing the support at 1254. I have described almost all the possible situation. Now you can trade according to the analysis. If you want to enter into ADA trade, just wait for ADA to test 1254 level. If it is rejected from 1254 then it would be a Bullish move.
Long
by SmartMaxi
ADAUSD is likely to discontinue the correlation with BTCHey friends hope you are well and welcome to the new update on Cardano. The ADA coin has turned very strong bullish comparatively to all the cryptocurrencies. so we will discuss how it completed this bullish setup and what it can do next. A re-cap: last year in August 2019 I posted an article where I predicted that the price action of ADA has formed a bullish Shark pattern. As per Fibonacci sequence of this pattern I predicted that the price action should enter between $0.057 to $0.089. Finally the price actions started rally in December 2019 and produced more than 46% and dropped down again in the potential reversal zone and started another rally. Comparison between the harmonic moves of Cardano and Bitcoin: In March 2020 the price action of Cardano and the Bitcoin both formed different harmonic moves. The ADA coin formed a bullish butterfly pattern and as per Fibonacci sequence of this pattern I predicted that the price action should enter between 0.382 to 0.786 Fibonacci projection of A to D leg of this butterfly. Finally the priceline turned bullish in April 2020 and produced more than 230% rally so far. At this time the price action is likely to break out the 0.786 Fibonacci projection area. If it will be broken out then it can start more powerful bullish move than the previous one. On the other hand the Bitcoin also formed a bullish Gartley pattern on the monthly chart and entered the potential reversal zone in march 2020. And I predicted that as per Fibonacci sequence of this pattern BTC should atleast reach between $8654 to $12070. Finally the price action turned bullish in April 2020 in entered in this zone. But so far it has produced almost 53% that is far less than the profit that has been produced by the Cardano. The different indicators are signaling more bullish moves for ADA: If we switch to the daily chart then we can observe that since June 27 up till now the Cardano made and other bullish move of 26% but the BTC at the same time was moving down. If we take a look at the different indicators then on Cardano’s chart the MACD is strong bullish and the stochastic is also strong bullish but at this time on the Bitcoin chart the stochastic is bearish and MACD is weak bearish. The SMAs: If we watch the simple moving averages with the time period of 25 50 100 and 200 on the daily chart. Then Cardano has crossed up them all. And it is moving above all these SMAs. The 25 SMA also has formed bull cross with 50 SMA beneath the priceline and the 25 simple moving average is also working as a really very strong support for the price action. But on the other hand the price action of Bitcoin has broken down the 25 and 50 simple moving averages and the 25 simple moving average has formed a bear cross with the 50 simple moving average. Even though we have 100 and 200 simple moving averages strong supports below the price action. And the 100 SMA has also formed bull cross with 200 simple moving average. But there is a big gap of almost $500 between the current priceline and the 100 simple moving average support. Therefore price action can be dropped up to this level at any time. An up channel: On the daily chart the price action of Cardano is also moving in up channel. For example, if ADA will not break down or break out the support and resistance of this pattern and will continue to move within this channel then with the passage of time it will continue achieve more higher price levels. Conclusion: We have been watching the correlation between the Cardano and Bitcoin and all other top alts upto April 2020. But after that up till now the ADA coin is likely discontinue this correlation with the Bitcoin and all other top altcoins.
KRAKEN:ADAUSDLong
by moon333
5