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0.00000569BTCR
−0.00000014−2.40%
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ADABTC trade ideas

Cardano in a mega uptrend vs BTCThis might ruffle a lot of feathers, but I'll say it : Cardano isn't a cryptocurrency, it's an idea, it's a movement, it's a marketing scheme, it's a cult. Until mid 2020 Cardano had no staking and up until a few days ago it didn't have smart contracts, yet it is the no.3 cryptocurrency. It's at 75B in Mcap and it has 22% of Ethereum's size yet nobody has really built anything on it yet. However that is changing now... With smart contracts and so many passionate holders/followers (cult members) Cardano could explode higher. When looking at ADABTC it is clear that the 2017-2018 was totally unsustainable, but the bubble perfectly popped and then a huge accumulation started. One of the cleanest and strongest accumulations, and then staking launched which gave it another boost along with all its great marketing. The trend currently is so much cleaner and stronger, that I do believe ADA could easily go up 3-5x from here in BTC terms and reach the current market cap of Ethereum. With such high fees on Ethereum, Cardano might steal its thunder for some time... Maybe we get to see something similar to what we saw with Solana but potentially less massive as Cardano is already quite large. Like with Solana and several other coins we have seen the impact Binance & Coinbase listings are having on the market, so Cardano will potentially get a bigger boost soon as it hasn't had a massive pump since it got listed on Coinbase. In USD terms I have no idea how well will it do short term as if the market has a large pullback it will follow to the downside vs USD, but probably won't break its trend vs BTC. It's so close to its BTC ATH, that I doubt it won't break it and have a huge rally.
Long
by BitcoinMacro
Time to sell soon?!The restistance above seems to be a hard nut to crack. The bulls tried several times now to break trough but did not succeed. The rising wedge finally broke to the upside, followed by an immediate rejection. Altghough there was sufficient volume at first glance it was not enough to start the next leg up. From a technical point of view the upward trendline has already broken and the daily MACD is crossing bearish. The orderbook on binance marks a shrinking demand which might be yet another indicator we go down soon. I'd be rather short here but I will keep still until the direction is clear since the bulls didn't gave up completely yet. Maybe there will be another last try to push to the upside but there is plenty of bearish volume sitting around 7000 Sats. Anyway, be ready for a decisive move soon.
Short
by Klataro
ADABTC WK1: CARDANO 40%+ CORRECTION WARNING(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ADABTC WK1: CARDANO 40%+ CORRECTION WARNING(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ADABTC WEEKLY chart review ::: ALWAYS DO YOUR OWN DUE DILL ::: very heavy overhead resistance ::: and supply zone for ADABTC ::: limited upside from here ::: CARDANO 40%+ CORRECTION SOON ::: be careful / don't get caught up ::: CORRECTION MODE SOON ::: expecting correction/pullback mode ::: previously maxed out and ::: distribution wave 2 break down ::: STAGE2 DUMP pending soon ::: weak bounce possible from here ::: STAGE2 DUMP up to 50% LOSSES ::: BE CAREFUL and don't get caught in this ::: market not ready for BULL RUN yet ::: correction MODE to extend into SEPT/OCT 2021 ::: similar setup in other alt coins so be careful ::: also overextended right now ::: BULLS remain on sidelines and ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION MODE ::: Sentiment short-term: BEARS/CORRECTION MODE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
23