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Cardanobtc

Safe way to play AdaThere is no Target here. If we break that channel up with good volume, we may not go down to retest. If we keep on going down I'll take a huge loss. Ada USD broke above the downward channel yesterday. There is no reason why Ada btc can't do the same. When btc slows down (I think soon) some of these alts will pump very hard. My bet is on Ada. My latest idea on Ada got me down. This is the second shot. I'm not going to give up just because of one bad trade.
Long
by cankarako
Massive Potential for Cardano If The Trendline is Reclaimed One of my favorite long setups is when something briefly goes below a long term support, only to bought back up above it again. This happened with TRX in December, which is why I went long, catching the rise from 360 sats to 600 before taking profit. This is quick. In my first ADA post, I suggested that a capitulation low was possible, but that ADA was (for the most part) respecting a long, slow, uptrend channel against Bitcoin. If you zoom out, you can see it. Also, the ADA/USD chart is looking great. Just bounced off the support of a potential MASSIVE inverse head and shoulders if the $0.094 area is broken: Setup: LONG if We have a sustained break above 1100. Targets: 1250 (or light blue neckline) 2000 (or top of channel) Second LONG: If channel resistance is broken. Target is wherever one is comfortable with profit, or depending on price action. STOP LOSS - possibly below 1000 again. This is not financial advice. Just a potential setup I'm seeing, and wanted to get this out in the open. I personally entered a small trading position at 1060 today. ****It should be noted that most altcoins today are trying to get back above major broken support, but have NOT confirmed yet. -Victor Cobra
ALong
by VictorCobra
1
Big spike up for ADA/BTC Cardano is coming ! Hi guys. Notice situation at ADA/BTC market. Daily RSI is showing that soon big spike up is coming. We are seeing big support at around 0,00001050. Price have been bouncing from this support 3 times and its coming to it again. I do expect bounce back to at least lvl 0,00001900 from this point. We have to wait till MACD will cross with daily RSI on about 15-17 lvl. All we need to do is just wait for confirmation on MACD. Of course its short time strategy (about 2 weeks or 1 month). Sell around 0,000020 if MACD will be confirmed. Shelley will be released soon too so it may have an very positive impact on the price too. Greets.
Short
by yuqwekqwjeasdasd
Cardano (ADA) And The Ascending Channel!Hey guys, as per a request from this afternoon, here's an analysis on the ADABTC pairing. I wrote on this chart what's going on pretty clearly. ADA failed to complete an inverse head and shoulders breakout pattern and has turned south towards the slow ascending channel support (in pink). This is actually in line with what Bitcoin did on its own against the U.S. Dollar back at the end of the 2015 bear market. This is interesting, since I've long speculated that most of this bubble has been a result of the ridiculous altcoin boom. This is why the bottoming process for many altcoins has been much more painful, extended, and severe. Not every coin will survive. That being said, ADA has some strong support, and it remains a top coin nonetheless, with a promising future IF they can deliver. Looking at this chart, a couple of trading setups become apparent. Really depends on what your strategy is. If your goal is to hold for the long term, buying now doesn't seem to be a terrible idea, as we're close to the channel support, and we're also sitting on a very important horizontal support line (light blue). Finding support here is fairly bullish. However, I'd still be weary of a potential break below the pink rising support, even briefly for a capitulation low. The RSI and Ultimate Oscillator both look pretty good though. A couple of potential short-term trading setups would be as follows: SETUP 1 BUY: 1200-1250 SELL: 2000 or at channel resistance (top pink line) SETUP 2 BUY: 2000+ (break of channel resistance) SELL: Target 1 - 3100-3200 Target 2 - 4000-4200 Target 3 - Potential Blow-off or new range One could also SHORT a break below the channel support, but that might end up being a capitulation wick, so a little more risky for now, unless a break below is sustained. If you look at the USD chart, you'll see why I'm leaning more bullish. It looks a lot better than some other top altcoins like XLM, XRP, and ETH:
ALong
by VictorCobra
7
$ADA #LoadThePump Edition - Day Trader ExplainsLadies and Gentlemen, Welcome back to TJs' Trade Corner!! Today, we will be taking a look at $ADA. One of my long time favorites as many know. It is always amazing to see how technical and predictable $ADA is. Now, lets get started and not waste any more time. First thing as always, what is our market structure? What can we see? What happened? As you see on most Coins at the movement, we had a nice ascending triangle, which had its resistance tested twice and then finally broke out to the upside. Some might say it was an iHnS, yet that looked very scuffed and had not all the correct technicals for it. After the break of the resistance at 1275, we saw an amazing rally of +50%. Obviously, straight out of the bear market, 50% is amazing and we had to get a retrace. Here the question was, retrace to what level? A fib level? The previous resistance? Or the previous uptrend support? Well, since $ADA is our beloved child, it is all of them at once. As you can see on the chart, the candles are approaching exactly the level of 1259/60 where the previous resistance (red), the previous support (green) and the 61.8% line (yellow) cross each other. Important to notice here is, fibs are applied at the December low and the yearly high. I can see how somebody would apply it at the 1055 Double bottom, yet doing that one has to cut edges at the top and does not get such a clear picture. Next one is Volume. We see very dominant and significant volume on the buyers side, before the drop. Yet, during the retrace, we have no significant volume, apart from today. This means that we will either go down more tomorrow, or if we get significant buy volume tomorrow, the sell-off will come to an end. Next to TJ-Stoch. Funny enough, it looks pretty much the same on the 3D as on the 4H time-frame. Approaching the 40p for the next impulse move. Nevertheless, on the 3D the rejection at the 40p line would be way stronger for the D% line, or at least a crossover at or above 40p. Either way, an impulse move is very likely. Something watch out for. Sure, it looks very bullish and beautiful, yet we have two dangers to overcome. These would be the possibility that the tripple support does not hold and we just dump through. The second one, would be that this is the set-up for a very rare inverse Cup and Handle formation. Yet, for this one we will see if we have on the bounce continuation patterns or reversal patterns. This trade has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
Long
by KongTrading
ADA Again In Buying Range..!!#ADABTC (Binance) ADA Is in Bearish Phase & Looking Good For Accumulation .. Both Buying Zones Are Mentioned In Chart.. Be Safe & Buy As Much As You Can In Dip.. SOON it'll Reverse So Buy & Hodl It.. Introducyion..!! Cardano (ADA) is a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is reportedly the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach, and one of the first to be built in the Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers. The protocol reportedly features a layered blockchain software stack that is flexible, scalable, and is being developed with the most rigorous academic and commercial software standards in the industry. Cardano will use a democratic governance system that allows the project to evolve over time, and fund itself sustainably through a treasury system. Hit Like & Follow Me .. Thanks For Your Time..!!
Long
by Faibik