ADA volume alarmingly low for breakoutThere are signs for ADA to breakout such as whales (1M ADA) waking up but the volume indicators are still too low. There is a big danger that this breakout try is a false positive and ADA will drop far lower.
Last breakouts have been associated gains of 90% while here we are seeing only 40% correction with too little volume.
Watch out for TA before exeecting any trade, RSI indicators are accumulating momentum, the timing may be little too early.
In earlier phases of the past, we have been hitting the PI cycle lower bounds and stayed there longer periods of time. If history is to follow, we may have to wait longer.
Be patient.
No financial advice.
Cardano / Bitcoin
0.00000632BTCR
−0.00000011−1.71%
As of today at 19:14 GMT
BTC
No trades
ADABTC trade ideas
ADABTC - SuperSmootherADABTC breaking out here with a 12% move against BTC. Its looking very good for ADA with BTC turning bearish today. This shows positive sentiment for an ADA pump but also it shows that a BTC bounce may be on the cards in the not too distant future.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
UPDATE: ADA BTC UP 253% after bull signal - What Next?Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 253+% after the bullish Supertrend Ninja signal in Jan 2021. And 125% in April 2021. The Supertrend Ninja also predicted some heavy drops with the latest being in Sept.
The price is ranging, which is visible from the sideways movement. RSI is in a range as well. Although ADA got a bullish signal from my indicator Supertrend Ninja. Right now the price is in the middle of two grey blocks. Supports and Resistances are highlighted as grey blocks. Next support around 2500 sats. Next resistance around 3250 sats. Price is still on the negative side of the Ichimoku. Break down here, we will go to 1900 sats.
Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
ADA BTC Head & ShouldersADA Looking like its producing a HS formation.
Proof:
Prior move is Major Intermediate Down Trend
2 M of elapsed Time in the formation
Volume is slanting down.
Fundamentals:
Sundae Swap Impeding Release will cause demand for ADA
ADA has held while other coins have dumped as of yesterday. Seems like tight accumulation
Neck at 3131
Shoulder Peaks at 2600
Going forward:
The Right Shoulder may complete symmetry at 2600. Possible if Sundae is delayed.
Right Shoulder may NOT Complete Symmetry if Sundae Main net is announced.
The RS not going to 2600 is a bullish sing. If you are waiting to accumulate lower you may not get a chance. Any left over funds should be converted @
Entry:
3131 Daily Candle Neck break
When volume is larger than previous 2 days volume from incident of neck break.
Entry price will be higher than 3131.
Stop @ 2990
Targets:
3500
4192
4600
ADA - Hold On To Your Hat 🤠Can you feel the doom and gloom for ADA - well thats about to change as ADA will be heading north with impulse soon enough.
Looking at the @BoneFunkenstein moving fibs tool, price has trended under the lowest fibs for the first time since March '20 crash. It did once dip below this time last year but it was very brief.
This shows that price is very beaten down here and - much more than other alts and BTC.
Guppy 4H trend tool has twice turned bullish blue now and it has popped back above the lowest fibs.
As I said in previous threads; any BTC bounce and ADA will most likely pump.
Not advice.
ADA reversal path factors?ADA reversal has been waited for a long time. What could be the factors that drive ADA back to higher support bands?
Short-term indicators show potential but long-term, lagging indicators are more bearish.
There could be a new correction and then up unless strong enough momentum to get us past the resistance levels.
No financial advice.
ADA - Will Pump Soon 🚀I dont normally post twice on the same name in the same day, but ADABTC is looking bullish suddenly while BTCUSD wallows.
Massive bullish divergence on the daily RSI and a nice domed bottom also an iH&S.
Collapsed 59% /BTC and 65% /USD - ADA has been well beaten, but you can't keep a good name down and this looks ripe for the bounce right here.
Should pump into a wave 3 here upon any BTC bounce.
ADA is ready 🚀
Not advice.
ADABTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. You can see that the price has broken our resistance line S2 and has made its correction to the support line S1. If the price stabilizes above the S1 line, you can buy it here for the shown target. If it goes below the S1 line the next support would be the S2 line where you can buy.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Cardano ~10x gains after BTC halving in 2021, over extenssion?This is historically interesting that Cardano reacted very aggressively with upward momentum on the time of BTC halving.
Aggressive over extensions can be followed by severe corrections and oversold situations, look for RSI indicators.
No financial advice.
