ADA / BTCIt is very likely that this fractal will repeat itself.
The long-awaited Vasil update to Cardano network is about to take place. Cardano founder says he doesn't foresee any problems with the upcoming update.
Bitcoin dominance still has room to fall. A lot of news on altcoins is timed to hit the market in mid-September.
Cardano / Bitcoin
0.00000603BTCR
−0.00000022−3.52%
As of today at 14:45 GMT
BTC
No trades
ADABTC trade ideas
ADABTC Shows bullishness, despite bearish sentiment. $ADABTC is bottoming out, yet many are overly bearish at the bottom.
This is typical of markets.
Either way, trading the BTC pair for a lot of tokens is imperative for getting the full picture.
BTC, NOT USD, is the king in this market, and thus, it is what you should trade against, using your analysis of bitcoin as a macro guide. The net USD result will be your alt coin gain in BTC multiplied by the USD value. If BTC's moves cause volatility in the price of alts, how can you chart them correctly without consulting the pair?
ADA looks very strong against BTCI really like what I see on ADA's BTC chart. There are a lot of reasons to be bullish:
1) Bullish breakout of the purple falling wedge
2) Breaking back above very strong, long-term support
3) Breaking 60 on the daily RSI
4) Breaking above the zero line on the daily MACD
I'm long here
ADA / USD - Gravestone DOJIOn the above 10-day chart price action is overbought (green columns) and the last 10-day candle just printed a Gravestone DOJI at the same time RSI support fails. Bearish candles on this time frame are powerful, don't ignore.
Two possible targets for support @ -10% and -40 are identified.
Cardano 50% Jump Mapped (vs Bitcoin)The ADABTC chart remains the same as we saw recently; strongly bullish.
We have prices trading above EMA100 (blue) and EMA50 (magenta).
We have a very strong RSI and bullish MACD.
We have the inverted head & shoulders pattern...
The next target is mapped on the chart at 50%.
First target is set at 18%.
Additional details on the chart.
Many great opportunities will be developing in the days to come.
Get back online.
Become active.
Get ready for profits & fun.
Namaste.
Cardano/ADA Inverse Head & Shoulders Moves Ahead vs BitcoinSome people are wondering if Altcoins will recover or when will they recover and so on...
Cardano is already recovering and remains printing higher highs and higher lows since Mid-May.
This is true for ADAUSD and ADABTC.
( Check the related ideas below for a full leveraged trade for the ADAUSD pair )
Here we can see the inverse Head & Shoulders Pattern.
Prices trading above EMA50 with a very strong RSI.
Cardano can continue growing in the weeks to come.
Namaste.
Cardano Volume Breakout (Easy 100%+ Next)We have very high volume today on the ADABTC (Cardano) trading pair as prices move to close above EMA10.
The RSI is also looking good.
We are going big on ADAUSDT, this pair also looks bullish for the coming weeks.
You can find additional details on the chart.
Namaste.
