Cardano / Bitcoin
0.00000721BTCR
+0.00000033+4.80%
As of today at 06:07 GMT
BTC
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ADABTC trade ideas
ADABTC, Where to Buy?I show you the place where Cardano can bounce off the Key Level and start a correction movement.
The best pattern is a false breakout.
Use a predictable risk/reward ratio!
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ADABTC – A Slipping Market Been following ADA for a while now, both the BTC & USDT pairs.
- Firmly heading towards a decent quality Demand Zone, we have bounced of this Zone historically back in June
- I’m looking at this level to be respected when we do reach it as we were back then
- That long wick moved down to the Demand Zone underneath, but I’m not discounting this current Demand Zone based off that
- There are a number of indicators lining up for this Demand Zone also, our own Steamroller Indicator looking nice for when we reach it. Not only this, the RSI & CCI indicators are lining up nicely too.
- A movement back up to the 0.5 Fibonacci level would be the play that I’d be looking at Mid Term for ADA before a decision is made on the overall direction.
ADA (CARDANO) long opportunity (+14%)Hi Financials,
Please lets take a look at ADABTC
We are on a great support.
BUllish divergence on H4 and Daily charts.
And also, we are above MA200 on Daily Chart (HUGE support)
Our risk/return ratio is awesome.
So, we can risk some capital here.
Longing until EMA200 on 4H chart.
Targets: 875; 975
Stoploss: 799 or daily close below MA200
FINANCIAL MOVE CRYPTO
ADA/BTC on important supportThis had caught my interest.
Price is currently on important support. From here the the bullish trend should continue, so what we want to see is a bounce from this level.
-bullish divergence on the RSI on 1D timeframe.
- MA200 support
- Weekly S/R
- Weekly demand zone
But.... If we break this level to the downside and close the price below on high timeframe, we will retrace a lot further.
It is also very important to keep an eye on the BTC dominance chart to estimate whether Alts will continue to retrace.
ADA.btc at Key Support: must hold 1200 sats to avoid serious dipUpdate to my Cardano Long Trade call (click).
ADA has arisen from the ashes and has been soaring high.
It hit all of our targets and is now in a corrective phase.
Currently in a Key range with only Fragile floor below.
1200 sats is key support both structurally and psychologically.
Below that we have solo fibs that could catch it but hit or miss.
822 sats is the first Strong support below, followed by 706 sats.
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Previous Analysis that caught the EXACT bottom:
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Then NAILED the retrace level for re-entry or adds:
📖 How to trade MA?Hello!
MA — moving average.
📌 This indicator shows the price average value over a certain period and gives the trend direction.
🔷 For global analysis and understanding the price movement direction we have to use short, medium and long MAs mainly on long time frames.
🔷 MAs may act as an additional support and resistance level. It is worth trading taking into account MAs in the confident reversal patterns presence only, using MAs as an additional strong indicator, but not relying on it only!
🔷 Another important tool is the crosses formed by moving averages. We're talking about the golden cross and the death cross. This is an extremely strong pattern respected in classical markets, but cryptocurrency market traders rarely take it into account at all. 90% probability the cross provokes a strong subsequent trend and dynamic price movement.
⚠️ Important! The cross should closely interact with the price (be next to), but not much higher or lower on the chart! Otherwise, it may not even be considered. Examine the older time frames (from the day). Short crosses also work In the cryptocurrency trading, unlike the classics trading, for example 7MA / 30MA or 30MA / 50MA.
❗️ Remember that MA is an additional strategy factor in favour of one or another decision made. Do not trade relying on MAs only!
ADA/BTCUnpopular thought: Yes, ADA is look quite bullish here even during this hard time of crypto. Its actually sitting on the range low on the weekly as well as confluence with 100MA, 50EMA.
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