ADA broke down the support#ADABTC
#ADA broke down from ascending support line in BTC pair chart. now price face a strong support zone between 0.5 and 0.618 fib of last swing high. also there is divergence between lows of price and RSI. and we can see a long term support in RSI that is near to touch. these reasons may cause a rejection from fib support zone, but it can be just a pull back to broken support around resistance zone or 5000 sats.
Cardano / Bitcoin
0.00000605BTCR
−0.00000020−3.20%
As of today at 07:03 GMT
BTC
No trades
ADABTC trade ideas
ADA/BTC: bullish setup!!!Cardano continue climbing in front of Bitcoin ratio. So, in Daily timeframe ADA worth 0.000055 satoshi. And the trend it's very clear, it's bullish. So, in based the USD, it's bullish too. So, my big advice it's don't make panic, don't sell your ADA, HOLD!!!
Because if you hold at least 1,000 ADA= your worth in Bitcoin actual it's 0.055 BTC, but in the future could to change to 0.1 BTC easily.
Now, I want to share you in long term my 4 targets in Bitcoin to get Bitcoin earns. I use a lot altcoin/Bitcoin in my investment strategy.
You can view now that Cardano could to becoming one of the best cryptocurrency with huge performance.
If you like this analysis, please hand up, share this information with others crypto-enthusiastic, amateur and people who don't understand it. I'm bullish on Cardano with 10,546 ADA in hold!!! And also with 10,039 XRP in hold.
ADA to BTC Longing ideasI am oh so very tempted to take a long on adabtc... however because we are at the start of a potential strong run against BTC then maybe that would not be wise.
I could see a nice bounce off the higher box, but upward growth could be short lived if BTC continues its rally.
Also if BTC 2x in price like many think it will over the next 30-60 days then we could see these rations totally bleed and maybe hit the second lower boxs..which is about a 50% drop from current rates.
Its always hard to tell. I wont place a long till I see a buy signal print and a clear reversal and will make a stop loss so tight you wouldn't believe.
ADA is top heavy against bitcoinADA-BTC big picture charts actually allows for up to 90% correction from these levels.
In the short to mid term up to 40% correction is expected. If crypto bear market starts this could be one of the best shorts on the market, it reminds me so heavily of xpr-btc in 2017.
Cardano pumpers are looking to make themselves a fun September, as this month there are some news about platform developments:
finance.yahoo.com
It could turn out to be a sell on news events, watching this with interest.
Possible We May Have to Wait for Alt-Coin/BTC Pair Bull SIgnal.Let me explain... The ADABTC pair (for example) shows still more bearish potential (Potential for going down more). The only way for this to occur... I say again, "The ONLY way for this to occur is for the following:
BTCUSD to go up MORE (percentage wize) than ADAUSD
-OR-
BTCUSD and ADAUSD to both go down BUT ADAUSD go down MORE (percentage wize) than BTCUSD; in order for ADABTC to go DOWN.
-OR-
BTCUSD to go UP while ADAUSD remains the same (goes sideways).
This same logic can be applied to other Alt-Coin/Bitcoin Pairs...
ADABTC - Big Move incomingWhy i believe ADA will see a big move soon is because the BTC pair is at major support at the rising trendline.
You can see what happened every time we touched that trendline, + 100%.
If we get that bounce going then it's important that we break the highs again because otherwise we are possible setting up a head and shoulder pattern.
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ADA/BTC LONG GET READY FOR BLAST OFF!!! Market Cipher ParabolaTIME SENSITIVE!!! I have made the switch over from btc into ADA and staking. Preparing for ADA to BTC to absolutely explode!
*RSI on market cipher is completely bottomed out, at 7
*Bullish Engulfing Daily candle
*Market Cipher Momentum Wave bottoming out ready for buy signal
*Parabola has held true and shows a steady path through the rest of the year
Let's talk Fundamentals. ADA <$75b Market Cap. More Smart Contracts/partnerships and transactions processed every day. Dex in works, Cardstarter, Total Value Locked Staking, NFT's coming, ALL the various use cases.
ADA Easily reaches $400b market cap by end of cycle. Cardano stands head and shoulders above Ethereum. It's only a matter of time before it's market cap closes in on where ETH's is currently.
*That's a 5X+ from here, or minimum $10-11 Cardano...soon. It would take Bitcoin's cap to reach $5t to match that move, or for ETH's cap to reach over $2.5t.... That's more money than what's in the entire space currently.
ADA is going to show you the money soon. Get prepped up for blast off.
CARDANO - Ready to outperform BITCOIN againHey everyone,
Quick update for CARDANO. To describe it in one word, the chart is "BULLISH".
Based on the ADA/BTC chart, CARDANO is at the white support line and it tested it perfectly multiple times successfully!
Not only that, the RSI is oversold in the daily and the MACD is showing sign of bullish reversal.
It's time to go big. Invest safely my friends.
Best regards,
Aloo2k
ADA - Long Entry Into Strong Support and Oversold RSII really like this entry here. ADA has a very oversold RSI at 16 as it runs into strong support and a trend that's been in play since the beginning of the year. ADA also has a history of strong bullish spikes when it gets this oversold, which makes this entry even more enticing. I'm long here.
BUYS are about to hit for ADABTCCardano has shown us many times in the past, that it likes having low volume downtrend consolidation from top trend line of channel back down to the bottom trend line. There is also an easily spottable bullish divergence currently. This is then followed by a high volume, explosive more to the top trend line. A break from the top trend line of this bull pennant can allow ADA to break the previous high with ease. Looks like alt season is just getting started....
ADA possible cup and handle with large upside potentialHello ADA hodlers and traders,
Today I present to you bullish outlook on ADABTC pair. The price is currently sitting on the 21 week SMA. If the price can bounce up from here and get above the 0.00006200 sats there is huge upside potential. As you can see in the chart there is long term cup and handle pattern. If the bulls can confirm a break out above the cups top/neckline then the price can rocket up between 0.00010 and 0.00012 sats. From its currently price that is roughly a 3x and a 2x from the top of the cup. Now this is all contingent on the price being able break above the cups neckline and also on what BTC bulls do in the next month.
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This is not financial advice and is to used for education purposes only. I am not a financial advisor.
Happy trading and I wish you long bull market.
Crucial for CardanoWeekly market structure (and daily if we zoom out a bit more) is still incredibly bullish for Cardano. Shorter term price action has lead to a couple of lower highs and lower lows. We a reaching a big support zone which coïncides with the 0.5FIB level. Should we hold this level then ADA will have set a higher low and could continue its longer term bullish momentum.
21 & 50 MA crossover, along with the widening of the MACD has got me worried wether or not this trade will play out.
I have set a rather cautious stop loss as my last two trades got stopped out by a few sats only to then reach my targets.
Curious to see how this one unfolds. What are your thoughts on ADA/BTC?
Prepare for a potential scam wick, cheeky little scalp bounce.As the title says, should BTC test new lows, alts will bleed quickly and you'll want to try get filled on those wicks down. Worst case, they dont get filled OR they get filled and it sinks way lower than we assumed (stoploss in place for this).
However, if they get filled, just look at selling the bounce. Nothing to complicated here, just prep for a potential scam wick ;) GL!
