Technical 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 ...
Cardano is repeating the same pattern that led to the last retracement at the start of April. The Timings of the waves are almost exactly the same in the lead up (3 days up, 9 days down, 5 days up, followed by a week of contracting highs and lows before a break out).
We're currently just after the 9 days down and I expect that we'll see the price climb over the ...
ADA is another coin which has broken the short term downtrend. It is now forming into a symmetrical triangle right at a daily support/resistance. Some good potential gains to be made if this breaks up. Bullish engulfing to break the triangle and off support would be the confirmation.
ADA has made significant gains recently as the market has started to become more bullish. Right now with BTC trying to make a decision on whether it's going above 10k or back down to retest support, ADA is sitting right on a 4 hr support level at 3612. If it can hold here and BTC continues moving sideways there may be a decent entry off support for around 10% ...
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 ...
$ADA broke out of initial pennant, now in bigger ascending triangle winding up for big moves up. Should pull back if $BTC pumps as with all $ALTS . $crypto
Falling Wedge, Symmetrical Triangle - After a sizeable drop from 5 bullish impulse waves, Cardano formed a deep falling wedge, in late March this wedge was broken with a sideways movement forming a symmetrical triangle. I believe this should break down one more time once Bitcoin starts moving, there is poor volume on ADA and Bearish Divergence on the ...
cardano is creating reversal head & shoulders
its trying to break up for a 1-1 extension for wave 2. (ABA correction pattern complete )
sell on a 5 sub wave pattern until we reach target wave 2. accumulating more and more until we reach the exit.
set your sell orders HIGHER and keep rebutting 1-2% dips to increase volume.
ada is forming a retrace ABC pattern to the 0.786 fib sitting at 2200 sats.
wave 1 consisting of 5 sub wave along with abc correction pattern complete ( target hit 2450 sats ).
currently forming a head and shoulder reversal
needs to hit 2400 & smoothly push 2500 to grab a lot of buyers.
target on wave 2 will hit 3000-3200 if the above occurs
fiat ...
updated chart on the 240 ( 4hour )
cardano has bounced off the 0.78 retrace level as previous with last 2 corrections.
dmi-adx has confirmed break out on daily and 4 hour chart.
mac D - showing positive breakout.
rsi and cci still showing way over sold.
ADA !!
finally we have completed the final correction wave to the 7.8 retrace level. most alts break out from this position.
sleeping now for many weeks. as you can see on the ADX to -DMI has broken into bullish territory for the first time since January. (BLUE - RED) green looking into uptrend.
MACD - has finally crossed over into up trend since January! ...
coming out of bearish trend on DMI
MACD looking to cross into uptrend
RSI<CCI all over sold.
uk meeting with mass investors tomorrow. high volatile movement possible.
buy between current price and 2900. 1st target 5000-5400sats
lets increase this volume !
ADA is currently in a short and long term descending channel and doesn't currently show signs of a break out.
May even retrace to previous support line (red), before we see a turnaround.
I love every time I see a chart of 6 weeks of impatience
now we have hit a gold mine and every one keeps selling... to me that screams profit
p.s every indicator saying over sold.
