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Cardanobtc

Short term analysis [4hr tf] analysis for Cardano- SELL OFF!Cardano made a high of 0.00009180 BTC on Jan 4 2018 and has been selling off since then. Wave W of an Elliot wave cycle is believed to have finished and is labelled wave w(in red).So far, the sell off in Cardano is shaping up as a WXY Elliot Wave structure, and we are in Wave Y of the WXY structure. Also shown on this chart is the long term trendline of Cardano which is also present on the Daily tf. Closing below this trendline is another reason to believe that the sell off will continue in Cardano. The blue lines marked on the chart show the area that support naturally exists for Cardano i.e. between 0.00002621 and 0.00002178. Wave Y also = 100% Wave W at ~ 0.00002768. This is indicated by the orange line on the chart. The 100% projection of Wave Y based on wave W is an acceptable projection for a WXY structure. Therefore this increases the chance that the sell off in Cardano will target this support area.
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by Coin_Analyst
ADA price analysis ( cardano btc price analysis )hey guy if your thinking to buy ada then you better have to wait some more dips its broke below 20 day EMA which is not good sign and also that 100 day SMA line crosses and its stay above which indicate lack of volume and trend good support and buying zone will be 2700-2900 Sats note: Cardano is a strong technology currency with very strong community if you buy on good dips then hold it tight expected profit 300% in mid term. good luck stay bless.
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by Sunny_Sharma
ADA / Cardano: WHEN will the downtrend end?!Hi guys, A friend asked me to have a glance at Cardano… He asked “ should I buy this stuff? ” I am just going to list the things I notice in the chart, and things you should be attentive to: 1) There have already been two triangle formations with crucial Fibonacci supports as a triangle basis. Both of them failed in breaking the triangle upward, followed by a further downward move in price. 2) We don’t have many longer term Fibonacci supports left as you can seee – only the blue one at 2323 sat. But, we also have a shorter term support line at 3138 sat, which we just tested for a first time just now on the daily. 3) We are closing in on the end of this third triangle . The question will be once more: “up” or “out” ? With the knowledge that as for now, the bearish momentum is still intact (and remember: don’t bet against the trend or in the cheesy way that TA-ers always say “the trend is your friend”!) 4) Not everything is blood on the chart (well…unless if you have been HODL-ing this one since the top), but: MACD is curling - as slowly as possible though – to a bullish cross . That will be good news someday soon. Moreover, RSI is now in the heavily oversold area! So…we are looking for that bullish cross giving us a first buy signal. We want that to be confirmed by an upward curl in the RSI (let’s get that momentum back up!) 5) We are looking even more at the candle sticks . They are as red as can be for now. Given that this is a Heikin Ashi chart ( see my previous posts on TV for more explanation ), we want to see a doji or spinning top candle first AND a break-out confirmation on that candle (i.e. We want to see some green candles follow the doji / spinning top candle to the extent that the resistance of previous candle sticks gets broken. See example “X” and “Y" in the chart. 6) We want volume! Green volume! We have none for the moment. Only ugly red little bars. Let’s replace those. Conclusion: - We are entering a new zone of truth: up or out of this triangle formation. - Bearish sentiment is still intact for the moment. We are looking for signs of reversal. - Signs of reversal already closing in : RSI is heavily oversold + almost a bullish MACD cross on the daily - Signs of reversal we are still looking for : a doji candle signaling trend reversal, FOLLOWED BY green candle sticks that break the resistance formed by previous red candles + (more simply) break-out of that ugly downward trend channel (as represented by the upper white triangle resistance line). - Lots of green Volume!! - NOTE: this is purely the technical story. If you have important info on the fundamentals that might help us out in a trend reversal (e.g. Partnership announcements, rebranding, etc.) let my friend know in the comments! ;) - No need to start a trade on this one yet. At least not when looking at the daily picture. Be patient, prudent, and with your eyes open :-) (and the short answer - just to bully you I put it in the end - is: stay away for now, it is still too early to make a (purely technically motivated) buy decision). PS: this is by no means intended as formal investment / speculation / gambling advice
by A_Cryptastic_Mind
5
Can Cardano find the support?It's been a while since we saw Cardano tried again and again to find a support but every time failed. The 100 MA around 3300 and previous resistance around 3100 is a good opportunity for Cardano to find a solid support. keep eyes on it! If it holds and bounces back it is a nice place to buy some for long run. if this area breaks (considering the triangle) it can fall around 2000 which is a round number and a previous support. Further fall we will see 1200 which is previous strong resistance and today strong support. Enjoy the ride. ** Do the math yourself, you are the only one responsible for your money **
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by viking_vp3
BIIIG profit potential for ADA....more than 150%Cardano the number 6 coin in marketcap hasn't got any big pumps lately and it has been in a correction wave for so long. It has a strong resistant between 2700 down the line to 2700. But it also might bounce of 3000, so you shouldn't be going all in from any entry point. Take parts starting from 3000 to 2500. If it didnt reach 2500 and started to bounce of at 2700 then go all in the join the train. Just accumulate in this region and gain huge profit later on. Sell whenever you feel happy.
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by VIPCryptoVault
2
ADA going UPLooking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
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by dustyPH
ADA - what a stupid bloody name, baby name. Baby growing up 200%ADA, well well well. huge coin that had massive hype towards the start of the year. The general concensus is that this coin is great, has amazing developers and a very very very well thought out and jam packed roadmap. Lots of positive vibes around the coin, but also do take in mind that they don't really have a lot to offer right now other than a mainnet and wallet. They are trying to compete with ethereum as a platform for smart contracts and dApps, in a market that is already filled with competition, there's no guarantees that this coin will succeed, however the roadmap on cardano looks very promising. Short term - neutral to bearish. Bitcoin looks like its not finished with correcting yet, cryptocurrencies have largely fallen off the normie radar and are taking a break (quick search on google trend trends.google.com) shows that normie interesting is starting to cool off, in preparation for the next bullrun. long term - bullish Buy zone: 2 zones - 0.618 fib retracement: 0.00003690 - 0.00004190 - 0.718 fib retracement: 0.00002286 - 0.00002748 Sell zone: Only 2 in mind. I like mid term targets and dont worry about short term goals. 1) 0.00012000 - 0.00012500 2) 0.00017000 - 0.00017500 Me? I'm going to hold onto this for many years to come :) Fundamentals: ADA just has regular roadmap updates, They don't really offer timeframes as to when they complete stages in their development, but the closest one thus far looks to be the Ouroboros Staking protocol, which would allow ada holders to stake their coins. This would be massive progress for the coin in general and would serve to be a reasonable catalyst to catapult this coin up to the 1st target for 200% profits. Technicals: ADA has just completed its 1st 5 waves up of a supercycle up and is in a corrective phase right now. Currently riding between the 0.618 to 0.5 retracement levels right now. ADA looks to be forming a 5-3-5 zig zag corrective pattern and in the C wave thereis almost alway 5 subwaves within that. Something i notice about cryptocurrencies is that they do like their extended 5th waves which leads to me to believe that ADA may not be finished correcting yet and may see the 0.718 retracement region which is why I've provided 2 buy zones. RSI on the daily is approaching the bearish zone of 30 and MACD looks to be curling up ever so slightly. This shows the that ADA is close to finishing its correction but that's definitely not to say that its out of the woods, because it most definitely isn't, there is still room to correct, but the room to correct is running out of space as we speak. Using a conservative Fib Extension we target a little more than a 1-1 extension for the 1st target, because Elliot wave theory states that the 3rd wave is often the longest but never the shortest and 2nd target is derived from the final elliot wave targeting just a little above the 1.618 region on fib extension. I'm still learning TA, any advice on improving my analysis would be GREATLY appreciated. I welcome any criticisms and feedback. So go ahead and grill me :)
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by EnZo
3
CARDANO, Great Buy Opportunity for #ADABTC, just catch it now!!Technical analysis: CARDANO is in Range bound but Resumption of uptrend is expected. In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend . The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 44 and above a RSI support level . Trading suggestion: Price is in the support zone (0.0000477 to 0.0000385), traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (0.0000477) .Ending of entry zone (0.0000385) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take profits: TP1= @ 0.0000594 (First Target) TP2= @ 0.0000689 (second Target) TP3= @ 0.0000918 (Third Target) TP4= Free (Fourth Target)
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by ForecastCity
3
CARDANO ADA BTC PRICE ANALYSYSCardano is a strong crypto coin with strong community team right now market is red and bearish but cardano is at strong support of fibbo from here it can bounce back chances are high, right now the price is 4500 sats try to accumulate between 4200-4500 sat there is roadmap update coming on 05 February we can expect a good short term returns from this coin targets Short Term 1....6300 sats 2...6800 sats target for Long term (1-3Months) 1...7400 sats 2...9000 sats 3...12000sats(must be sold at this point in long term Because after uptrend definitely there's going to be downtrend can retrace back to 5000 sats after this point reached) Good Luck Stay Bless.
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by Sunny_Sharma
ADA/BTC Current fake breakout and big plans ahead! (0,00015?)Hey, as you can see I think this CARDANO breakout is fake, since the MACD/RSI aren't looking quite ready to pop out, and not to mention we're still in wave 4 if my counting is correct, if you bought this breakout I'd suggest selling and rebuying in a bit lower or just holding for a bit while wave 5 picks and get's us rich as fuccc boiiiiiiii. So I'm definetely short on this current breakout, but long for the not so far off future of Cardano. Make sure you take profits at the top, don't get cuck'd. Anyway, I hope this helps and let me know if I messed something up since I'm quite new.
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by ChovekaZavur