Ada have great marketing team, and future events are looking promising. They alawys support their events with strong marketing, so usually that reflects on the price, just before the event. I call it bullish till ~22.4 , then take profit regards
Just marked out a few key resistance levels for Cardano(ADA) over the next week or so.
Cardano (ADABTC) has been rallying the last few weeks and is now close to the resistance level above 0.00003. If price reacts from the resistance level we can expect a drop down to the support level around 0.000023 before the rally resumes. If price starts dropping from the current levels, we can expect the same scenario as above. If price continues to move up...
YESTERDAY'S NIGHT UPDATE
After Complete a perfect butterfly and reach the 1fib extension of BC trace, we could expect to go back to the .382 fib of same extension (2475). Then, is almost sure that price will pump to 272-279. We will take position on .382 fib and 1.6fib of BC ext (.786 and .236 of the total wave) Its interesting what's happening because it looks like some Bat its...
Where are we now and where are we going..... If 3rd major Wave only hits my 1.618 extention it would need to retrace to .236 to be valid for 5th wave up. However a more realistic 4 wave we need to go higher on this 3rd wave. On the short term and long term we are looking excellent from this point.
I made a post yesterday about ADA possible forming a cup and handle. It looks like it's playing out as I planned. RSI is at 60 with the EMA's crossed over with candles closing above. Volume is ok but I want to see more right now.
EVERYTHING EXPLAINED IN THE VIDEO GOOD LUCK
Doing this for a friend but it will be frequently updated as I trade, providing Technical Analysis as the market moves. Trades will be posted and information will be kept fresh. Follow for continuous analysis on Cardano. My Ultra Long. Sorry for the brief description but the market doesn't wait. --longmoney
Possible C&H on the ADA 4hr chart. RSI is looking to cool off on this next candlestick which will theoretically give ADA room to grow once more buyers step in. If BTC holds I think we will see the completion of this move within the next few days. Keep eyes on.
hi guys after raising from 1900sat-2200sat now its forming bearish candle on ada chart it may dump little bit to 2000 sat again ,at 2000 sat there is support so buy at support sell at resistance 2200Sat strategy : buy 2000 sat sell 2200 sat again rebuy after breakout 2200 sat one candle need to close above 2200 sat for now its gonna sump to 2000 sat buy there...
ADA looks like it went down to its major support levels and is now bouncing back up to break some resistance, it's time to accumulate post buyzone. Last trade on this one was incredibly efficient as it went up 10x above our entry. Enjoy!
This is a low risk trade if you can give it a few weeks or month hold. I believe that we hit near bottom with Cardano. Trend change helped us since we broke downward wedge. If you're in this trade for short term I would expect around 45% profit potential, medium term which entails few month hold can expect over 100% profit and long term holders are in best...
Marked the Resistance and Support Levels I'm looking at for the short term. A full retracement to that 2nd support is 12% which is very reasonable in crypto. I'll be monitoring both as I look for another entry point. Currently waiting for the RSI to cool down and the Volume to pick back up again.
if we can get abouve 0.000025 level it will be strong buy