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Ciao Traders, Cardano looks in a small downtrend/recession to local support at 100 and 200 SMAs around 1050 satoshis with target at level 1300 satoshis.
H4: - Change of trend - Uptrend forming - Tendency: upward - Above support => BUY
H4: - Change of trend - Uptrend forming - Tendency: upward - Above support => BUY
Criteria: 1. Fibonacci golden ratio 62% 2. Trendline 3. Historically worked very strong support area 4. Descending channel bottom trendline 5. The tiny round number $0.05 Yes, pretty far from the current price but we MIGHT see some bounce also from $0.07. NB: this area is definitely not so strong as it is around 0.05! "For the most part, a typical trader’s...
ADAUSD (Cardano)(Binance) Cycle for up now is 3 Target is $0.345 - As you can see, we had 4 cycles of falling on the weekly chart. - Now we have third growth cycle. - News around cryptocurrency is too good. - Looks like this summer will be very hot! - Bull flag Target zone: $0.3457
RSI : 60 Volume : Needs some pump after the correction Accumulation Area : 1090 sats - 1145 sats Distribution Area Target 1 : 1168 sats Target 2 : 1314 sats Target 3 : 1431 sats Target 4 : 1549 sats Target 5 : 1717 sats Target 6 : 1931 sats Stop Loss : 955 sats Note : Cardano is also one of the coins that declined almost double by the past 45 days and...
ada perfect inverse head and shoulder going to breakout soon.. lets ready for party
Hi, today we are going to talk about ADA! In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: W1). Details are highlighted above. Thanks for reading, and have good trades.
ADA/BTC (Cardano)(Binance) We have two targets Potencial Reversal: - News around cryptocurrency is too good. - Looks like this summer will be very hot! - Head and shoulders (Not clear) - BTC Dominance is down (we have long target) Target 1: 0.00001940 (Close 50%) Target 2: 0.00002550 (Close all position)
according to my analysis on ada/btc it will go down to d1 support because it is at strong resistance and trendline . just wait for rejection at this level means see good reversal candlestick pattern and short ada/btc . please like this post and share with your friends . FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :) disclaimer : I could be wrong please take...
Cardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before...
H4: - Tendency: Downward - Below resistance - Candle: bearish outside => sell
Conclusion for today’s Cardano technical analysis: Price closing above 0.00001116 implies resumption of a bullish trend in Cardano (ADABTC). Cardano analysis for today is carried out on a 6 hour timeframe that is mainly focused on the downtrend since price reached a peak of ~0.00001941 on April 03, 2019. Previous Cardano price prediction that was accurately...