Bullish Cardano (ADA) Trading Idea (Increase position 10-15%) Signals:
Significant buying pressure allowing ADA to break past 2400 resistance, now proven to be a support level
RSI showing continuous strength for past 3 weeks (This is actually a bullish sign, not an indicator for an overbought coin)
Bitcoin losing dominance every week, sign that altcoin season is here.
How to trade:
If it can hold the 3000 level, buy in around there.
Sell points
Around 3500 satoshis, the first significant resistance point
Buy back in after expected correction of around 10-15%, increasing your position in ADA by 15%. This step is if you are bullish in the long term.
Cardanobtc
So Apparently The Dip Wasn't Really The Dip..... ADA CardanoI hit you guys with a scenario of us having finished our Wave 3 and being in our Wave 4 correction.... But that wasn't so.
As you can plainly see we pumped even MORE!!! Wow, Cardano really went on a moon mission with this one. So apparently we had finished SUBwave 3 of wave 5, and we broke the 2.618 and almost made it to the 3.618 Fibb Extension of waves 1 and 2.
So now I have corrected the wave count and have added the subwaves to explain how I derived my conclusion. We caught the 5 wave extension, but this still follows Elliot Wave rules because wave 3 is not the shortest and wave 2 and 4 do not overlap. Whala!!
So now that we are EXTREMELY overbought and have seemingly completed our count for wave 3, we should have the nice retracement for wave 4 that I had been expecting when I posted the last chart.
My Wave 4 target is still for the 0.382 Fibonacci Retracement, however this target is now around 2900 satoshis. And once we have completed this correction I have a wave 5 target up at the 3.618 Fibb Extension of our main waves 1 and 2, which is about 4450 satoshis.
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!
ADABTC case studyCase study on how we should have traded ADA in hindsight. We look at when we should have entered and at what levels we should have taken profit.
- Note: there's always profit taking at earlier stages doing the trades at EMA's, previous highs, fibs you name it. But on a higher level, this is what you are after.
ADA, Wave 2 Is In, Commence Dippening!!Last time i left you guys with extrapolated targets for what our wave C should look like based on Elliot Wave and Fibonacci Retracements and Extensions. Wave 1 ended slightly shallower than I expected it to, it was actually finished when i posted my last chart, but we couldn't have know that because we had no data on Wave 2 yet.
Now we see that the retracement of Wave 1 was deep. It came to the 0.786 Fibb. You can clearly see our 3 Wave ABC correctino structure within wave 2, therefore, we must continue our Wave C by commencing the start of subwave 3.
Now I have extrapolated new targets for our wave 3 and 4, and made the wave 3 fairly extended, reaching the 2.618 Fibonacci Extension . I did this because the 3.618 Fibb perfectly lines up with our 0.382 retracement of the entire 5 Wave Structure that were in the correction of right now. So, because there is such a low probability of us only correcting to the 0.236 Fibb, I've assumed that we will have a larger wave 3 in order to help us achieve the retracement to the 0.382 level.
My count seems to be lining up just fine, and I haven't changed it, only slightly corrected some of the target zones in the subwaves based on incoming data. However, keep in mind, this count is invalidated if we break above wave 1 around 3340 Satoshis.
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!
ADABTC MOONED!!! Now Its Time to CorrectOk guys,
So, with the news of of ADA being given additional of ADABNB and ADAUSDT trading pairs on Binance pairs, we pumped massive. From the bottom of Wave 3 to the top we had a 25% price gain. We hit a killer Wave 3 target at just over the 2.618 Fibonacci Extension zone of Waves 1 and 2. Now, we will be in a Wave 4 Correction.
As far as I can see, we have already completed our Waves A and B, and my reasoning is that I already count a 5 Wave structure up for wave 3, so the following Wave can't be anything other than our Wave A, and then what I'm counting as Wave B did not make a higher high. We hit a bearish spinning top on the daily where I have labeled our Impulse Wave completion, and this candle signals that the bulls have run out of steam and the bears have taken control.
Now, my target for the base of Wave 4 is the 0.382 Fibonacci Retracement, conservatively. There is a higher probability that we go lower, however the main range for retracement is between the 0.382 and 0.618 Retracement Zone. So we should likely correct here to atleast 2744 Satoshis.
I have given a Subwave count for Wave C, however it is mostly conjecture because we have not had a Countertrend to verify that Subwave 1 has hit the bottom yet. We could already be done with Wave 1 at the posting of this, or we could possibly go deeper. I am not sure at this point. I simply drew it out as an indication of a possible scenario that could be played and to extrapolate where the bottom of the correction could finish.
If you have any questions feel free to ask. I hope you enjoyed my chart and explanation. Always remember to practice proper risk management! And please don't forget to like !!
Happy Trading!!
Bearish Spinning Top Daily Candle:
ADA/BTC Possible upcoming playADA/BTC has been bleeding for quite some time now with little to no retraces and bounces.
We are reaching a an area at which a higher bounce or a full market reset is more likely. Would need to see a confirmation of support in the green zone to determine the entry better.
So far Range of 1500-1000 seem most likely for an entry point, going below 1,000 can push it to a an extremely low point at which it will have to bounce really hard from to push it back bullish.
I expect to see some kinda reversal happening first week of April, would like to see at least a couple of days in the support area, with increased volume to push us back out of it.
ADABTC Bittrex 4H up to 18APR18 Trading Analysis (TA)ADABTC Bittrex 4H up to 18APR18
4H Chart, also works in 1H, at this time the Cardano (ADA) has been floating on SUPPORT ZONE 3 for a couple of days after the RESISTANCE ZONE 1 became into support; the 50,100,200 MA indicator already crossed and is beein moving into an ascending pattern (Blue Arrows), along with a slightly ascending movement on the MACD and RSI (Checkmarks), if this properly explodes would be nice targeting RESISTANCE ZONE 2, but keep always in mind that also may go down. At this time the Market Cap in hovering over the 336 Billions. Good Luck!
4H Chart, también funciona en 1H, en este momento el Cardano (ADA) ha estado flotando en SUPPORT ZONE 3 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en soporte; el indicador 50,100,200 MA ya cruzo y se está moviendo en un patrón ascendente (flechas azules), junto con un movimiento ligeramente ascendente en el MACD y RSI (Checkmarks), si esto explota correctamente, nuestro target estaria en RESISTANCE ZONE 2, pero mantenga siempre en tenga en cuenta que también puede caer. En este momento el Market Cap se mantiene sobre los 336 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
Looking for The Next Move in Cardano, ADA/BTC?Cardano, ADA/BTC one of the more popular coins has been in a nice recovery from its lows in March.
The recovery is not only lead by the recovery of the overall market/BTC but mainly because of increased visibility and key activities/events such as meetups, conferences, and recently a roadmap update.
Also, Cardano got listed on a few more exchanges with Huobi (Pro) being the latest listing today. And perhaps the more anticipated event that is coming up around the end of April is the "Gogeun" Testnet Launch.
The Gogeun Testnet Launch should bring more hype and excitement around Cardano which would drive the price up, even more, the coming week or two leading up to the actual launch.
If you would like to enter ADA/BTC for a short-term swing trade I would wait for some pullback cause the price is a bit overextended and on the 4 hourly chart, an RSI divergence looks to be forming. And with a (key) resistance at around
0.00003000 there should be more profit taking to expected.
That being said, if you like and believe in Cardano in the mid-long term then you don't have to time as much and you should ride the wave up and down and expect it to go further up in the coming days, weeks and month cause of its potential.
For the short-term swing traders, here are some levels to look at:
Buy Area:
0.00002800 - 0.00002860
Profit Targets:
1. 0.00003132
2. 0.00003322
3. 0.00003495
Note: don't forget to secure some of your profits along the way. Is always a good idea to take profits, even though a target has not been reached yet.
Stop Loss:
0.00002688
Leave a comment if you have any questions.
Like it, if you liked it and share it if you loved it. This is for good karma :)
And until next time, good luck with your trading!
You should must know this Before you miss cardano Bus ( ADA Btc)hey guys
I'm analysing ada cardano scince long time its formed bullish pennant chart pattern and my self I got enter in it when it got breakout from that bullish pennant
I have no plane to sale this strong 3rd generation crypto coin until I get 200-300% from this gem
roadmap update coming soon and its got 87% correction scince its last ath
its a worthy play to buy at this breakout
accumulation Zone 2100-2400sat
first target 3100sat if your a short player
target 4200sat
target 6000sat for Long Run (3-5months)
note= targets wont achieve overnight or 1-2 days it needs Hold and we shouldn't fear to buy at this dips after 87% consolidation hold it and enjoy the real profits
Good Luck.
ADA/BTC A move through the cloudADA/BTC currently in the 12H cloud trying to move forward. Upon reaching the other edge of the cloud I expect a retrace to either a fib or a trend line. Most of the higher time frames are topped off and need a pullback.
We'll see if the lower time frames have momentum left to push the other edge. This could lead for a nice short play on futures for a small % gain and an entry for a possible new long position.
Cardano Upside potentialCardano (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 and breaks the resistance level, we can expect the ascending trendline to additionally support price on the way up.
Good Luck,
CryptoTrendline
Cardano (ADA) Long Term Trade: Over 640% Profits PotentialCardano (ADA) is one of the favorites altcoins available in the cryptocurrency markets. And it is always in the list of the top 10 altcoins by market cap. At the time of this writing, ADA has over $5 Billions ($5,542,507,650) in market cap., pushing it to #7 in the top 10 list.
Let's take a look at Cardano (ADA) now...
Cardano (ADA) Long Term Trade by Alan Masters
CHARTS, SIGNALS & INDICATORS
Now, before we get started, it is good to know that you can't really go wrong with this coin. You can literally buy this coin now and just forget it. Forget it completely. Come back in a few months and see your money grow. Come back at the end of the year and see it grow even more.
All you have to do after buying this coin, is to set your sell orders on target, so that when the price goes up, you can get paid what you are owned... Pretty simple... Now, let's look at the charts, the signals, candlesticks and other indicators.
- The Cardano (ADA) chart looks pretty solid. If you are familiar with reading charts, you can literally see, feel and understand the strength of this coin/project just by taking a quick look at the chart.
- In my chart above you see black dotted lines. As usual, these lines are there to represent support levels, and the last one from top to bottom represents the bottom reached after ADA's last bull run. We set our bottom @ 0.00001673. After a very strong bounce from its bottom, ADA started to recover and finally broke out.
- The strong resistance that needed to be broken in order to start our adventure up was the 0.00002400 price level. We are now trading above it and this price level will work as a strong support in the future if/when ADA starts to go down again. I marked this price with a blue dotted line.
- Now let's take at a quick look at some of the signals that tells us that ADA is ready to make us some money...
- Strong positive divergence on the MACD daily chart. This is one of the strongest bullish signals of all. At the same time, you can see the MACD curving and trending up. Soon it will enter the bullish zone and finally, we have plenty of room for growth.
- The RSI is also on the bullish side.
- The 3 Days chart and Weekly charts are both also very strong and showing huge potential for growth.
- The TD Sequential indicator is also giving us bullish signals.
TRADE INSTRUCTIONS
Buy-in: 0.00002170 - 0.00003150
Note: Remember to wait for the retrace to buy in if you believe the price is "too high" for you right now. You can always wait and buy in when the price goes lower, just as you can choose to buy-in whenever you want within this above range.
I am using a very strong buying in range because this is a very strong coin and project. The potential is huge. And even if this trade takes a few weeks to develop, you can still make good profits by using this range above and later selling on target. I've been holding Cardano (ADA) for over a month now... Remember... PATIENCE IS THE KEY.
Cardano (ADA) Long Term Targets:
You can set your sell orders within a 5% range of these prices. Meaning, 5% more or less than the actual target price is the range where the resistance will be faced.
(1) 0.00003433
(2) 0.00004533
(3) 0.00006233
(4) 0.00007563
(5) 0.00009180 (All time high) - Superb!
(6) 0.00013800 (New All time high) - God Like!
(7) 0.00021100 (You never know) - Massive!
(8) 0.00028800 (Just for fun) - Bitcoin!
(9) 0.00033473 (There is still more...) - LOVE!!!
Note: As you can see, I went all the way up with the targets, just as reference... You never know. These markets are incredibly profitable, volatile and fast, but I personally aim for just a few targets to secure my profits. And I always secure small portions of profits as the price of each coin I trade starts to go up. Each time a target is reached I sell a small portion of my coin depending on the trade.
Stop loss: A trailing stop loss will be shared once we start to reach our targets.
Easy Money [ADA/CARDANO]The price rebounded from the level of 0.5 fibonacci , it's a good sign of continuing the trend .
ENTRY closing of the four-hour candle above the level of 0.236 fibonacci
EXIT 0.00003100 - 0.00003195 ( the target level of fibonacci )
STOP-LOSS 0.00002600
RISKS In the case of the fall of bitcoin, the movement will be canceled
ADA finally wants to awakeAfter 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 appearing.
This is not a trading advice anyway, just for educational uses.
Good Trade!
-CJ-
ADA finishing out 2018 with a BANGWhere 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.