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ADABTC

Cardano (ADA) Bounces Off EMA50, Looks Good!Cardano (ADABTC) is showing a very strong bounce after hitting EMA50, the retrace might be over. Notice the low volume as the prices drop and the increase in volume as prices bounce back up. The green volume bars are much bigger, the bulls are still around. The MACD went below zero and is now starting to curve up. The RSI already moved back above 50 and is now looking strong. ADABTC can resume growing here, the next target is marked on the chart. Note: Moving and close below EMA10 daily would lower the bullish strength we are currently seeing on this chart. Thanks a lot for reading. Namaste.
by AlanSantana
13
Support areaHi everyone, I hope you are doing well. After this short consolidation we can see that we have reach a very big support on the ADA/BTC pair. This area is a part of the previous resistance from April 2019 and was also a support in various occasions in 2018. The 4 hrs oversold as the 6 hrs and almost the 12 hrs are confirming the bias that we will hold this strategic position. In case we don't hold it, we should see a test of the EMA 200 at the daily (arround 1200 sats) and a clear weekly consolidation. This would be short term bearish for ADA/BTC and very unlikely if we consider the investors sentiments, the fundamentals and the positives news coming during the next months. Anyway the market could be affected by bitcoin going down as a Black Swan event. Daily Weekly In case our bullish bias is validated we will probably see a green hammer on the daily today and forming a good output for the week-end in general. I expect a close between 1945 and 1970 sats placing the trend over the EMA 12 at the 3D (I don't have the image sorry) to perfectly create the conditions to start a bounce and the rejection of the bear cross of the EMA 12 under the EMA 26 at the daily. Nevertheless we need to be careful with the 3D that is still in a zone that could trigger a weekly consolidation heading for 1630 sats. Everything let us believe that April would be very bullish for Cardano with a potential bull cross on the monthly. Monthly About the resistances we can see a dynamic resistance (in red) that give us information to when to consider a possible test of the historical resistance at 4190, one of the last major stone before thinking to see ATH. More information will be available once we break our local high at 3200 sats and the dynamic resistance. In case we hit 4190 sats very fast, we should expect a correction between 40% and 55% to cool off the monthly and weekly rsi.
Long
by khundar
Cardano Boppers 34 The Cardano breakout on Bitcoin has barely begun, I'm not worried about touching this investment, please hold your ADA bags forever. I'm more interested in Bitcoins 100k challenge. Watching ADA on the bitcoin means our breakout could occur in a BTC crash ! Or totally not, I have a few and hope 100 thousand price is accepted this year. Cardano has the potential to multiply regardless, but drop your philosophy in the comments :) PS: The American Stimmy just passed cost more than the total crypto market-cap.
Long
by trentonscoleman
Is #ADA #CARDANO Finally ready for a reversal? - #ADAUSDTI still think it's not taking too long for #ADA to make a move. This looks like a reversal. Some people including myself are really tired of seeing Cardano bleed like this. This beautiful project and also we do deserve better. Let's hope it's a breakout to a new ATH this weekend! What do you think or see? Please let me know in a comment, would love to see this shared or just push that like button if you agree. - Try to open your entry if the price will show it according to your OWN strategy. - Don't forget your SL - It's also important to keep an eye on #BTC at the moment *Remember: This is just an Idea, no financial advise!
Long
by Ayari
6
ADA is slowing down, that's ALL! No fear for losing groundHello everyone, Yes we did not form a Higher high on the daily chart to continue uptrend for NOW!, but it's only a small hiccup due to the more consolidations needed for the daily chart. I'll go to the point directly!!! Do not be afraid, we are not going to lose the uptrend. the support we have $1.09 is a a very strong and massive that will hold the bears, in case that was a retreat it will be between $1.02 and $1.09 back and forth until we form a descending wedge that will eventually breakthrough upwards towards the $1.38. If the wall of 1.09 hold witch I believe it will, we are going to have a sideways trading between 1.09 and 1.18 until we have a narrow squeeze between 1.09 and 1.12 and breakthrough will happen upwards towards 1.38 also. Friends, without going into a much details, on the hourly chart we are in very good shape, we are trading below the EMA200 witch is good for uptrend setup, on the daily chart we are away a bit from the EMA200 but remember ADA has no resistance seen in the near future, in fact the road is open for more growth from here. We have a 3 major support that I can't see the bears can go through, 1.09 ; 1.02 ; 0.95 and 0.77. each one of them has billions of shares bought at that level. in Conclusion ADA Cardano still have the most profitable setup in the near future than many coins. Please trade at your own risk....
KRAKEN:ADAUSDLong
by PatrickHob
26