ADA/BTC consolidating with a bull flagBINANCE:ADABTC has performed amazingly this past few days running up to the Alonzo hard fork. Potential for more upside to come.
BINANCE:ADABTC is currently forming a beautiful bull flag on a 1hr to 6hr timeframe.
Bull flags are continuation patterns and therefore this can lead to more upside.
BINANCE:ADABTC is currently holding the 0.618 fib retracement level. If this does not hold on a higher timeframe like the 6hr to daily then consider this trend reversal and close longs.
For leveraged trades setups:
Entry: 0.00004106 to 0.00004467 (Average in)
Take Profits 1: 0.00005045
Take Profits 2: 0.00006114
Take Profits 3: 0.00006336 - 1.618 fib extension target
Stop loss: If the 0.168 does not hold on a higher timeframe like the 6hr to daily then consider this trend reversal and close longs.
Cardano / Bitcoin
0.00000671BTCR
−0.00000025−3.59%
As of today at 23:28 GMT
BTC
No trades
ADABTC trade ideas
ADABTC Daily Candle Market Cipher Magic ProjectionLook at the historical data on the daily candles and what happens with each tight Down trend wave. Bearish Divergence apparent setting lower momentum wave highs and rsi set to drop. Money flow indicator prepped for capitulation.
MORAL OF THE STORY.... TIME TO HEDGE ADA INTO BTC IN THE SHORT TERM OR EVEN SHORT IT
ADA LongADA currently testing a daily supply level after a huge, 50% bullish push.
The push has had little to no retracement, showing bearish Divergence. Good chance it'll cool off from here.
The 3800 area provides a great spot to enter a long, as it's a likely spot for the bounce to come from.
50 fib. Daily EQ, 2 x 4H demand zones, and a strong 4H level all lie here.
Depending on how long it takes to get down, the weekly uptrend may be meeting them at the same time price does.
R:R is PHAT at 5:1.
I don't trade alts a whole lot, BTC is my specialty, so just 0.5R for me.
Cardano ADA, Bright futureCardano ( ADA ) is presently breaking out to new ALL TIME HIGHS!
- On the outline we can detect a Symmetrical triangle - The cost is making higher lows and lower highs.
- Also, the cost is over the ALL TIME HIGH level from 2018, which is exceptionally bullish .
- We will encounter a speed increase to the potential gain in a couple of days!
- Cardano (ADA) made an enormous adjusting base or cup and handle on the week after week time span.
- For anticipated length of the exchange, likelihood, stop misfortune, benefit target, section cost and hazard to remunerate proportion ( RRR ) - if it's not too much trouble, check my mark underneath ↓
- Due to my ABC triangle wave check, we are at present at the fifth motivation ABC wave pattern! We can see an indication for possible 0.946 Rise!
- If you need to see a greater amount of these thoughts, hit "Like" and "Follow" and ''comment''!
Trade safe and always set stop loss.
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern
There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend.
Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken.
Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge.
Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel).
Win to lose ratio : approximately 3:1
However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now.
Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
