ADABTC trade ideas
Possible support line for ADAHi, I'm new to technical analysis and I'm just looking for some honest feedback and tips. I've got no idea what I am doing.
Cardano ADABTC bidding zone Cardano is one of the most slow moving boring Alts while fundamentally it’s very strong and has been hibernating for so long in a slow ascending stage. It has all the fundamentals to make a big pump anytime, but since it just broke out from the EMA, I’d bid for this pair at the blue line as I expect a retest before going north.
Do you agree with my entry target? Feel free to share yours.
ADA:BTC - Price Action AnalysisBullish on Cardano and this chart is why. Have a couple of more resistance levels to overcome and then ADA could venture onto a new ATH.
ADABTC - Cardano forming a bull pennant on the 4h chartThe bullish uptrend is still intact, and Cardano is forming a bull pennant on the 4h chart against BTC. Measured move from the flagpole on a breakout is around 6100 sats depending on the break point, which also lines up with the ATH candle close from 2018 (ignoring the wicks).
As long as BTC remains above 42k or so, continuation seems likely given the strength of the move so far, and the bullish fundamentals Cardano has for release in the coming months. Smart contracts testnet this month - mainnet release in August, combined with the high cost of other smart contract blockchains at the moment, present a high probability of a high level of adoption.
There isn't much in the way of resistance to a continuation against BTC except for the recent local top.
Moje mišljenje glede ADA/BTC2x odboj od resistenca in je videti da bo padlo do prejšnjega nivoja. Je majnša možnost da pa naraste.
ADA/BTC: The Big PictureWe have plenty of room on the upside. I think ADA could go on a big run like ETH just did.
ADA PUMPED! TOLD YAHi
hows your bag ha?
many new fellows are in crypto now and let me introduce them to cardano first, Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.Cardano was founded back in 2017, and the ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
targets 2.5 - 2.7 - 3
ADABTC - Phase 2 - 80% Potential MappedKeep an eye out on how the wedge unfolds.
This is not financial advice. Use risk management accordingly. Remember that BTC per some indicators are in a significantly overbought region. Seeing a pullback from this point is more than likely. In the event of any BTC pullback, ALT's would suffer more.
ADABTC - Cardano weekly targets against BTCCardano is about to break resistance at the 0.5 fib extension line. Potential targets charted.
ADA coiling towards a breakoutCardano (ADA) has been in somewhat a symmetrical triangle for the past several weeks with higher lows. The RSI is in neutral territory while the OBV has not seen a significant selling activity.
This is one of the projects with huge long term potential. They have several deals in the pipeline while the engineering team is still burning the midnight oil to get the smart contract functionality fully integrated which is coming soon.
The network activity has also picked up significantly over the past few months (adapools.org).
Short term price targets:
2400 sats
2600 sats
3000 sats
Note: This is not financial advise. Please do your own research.
Cardano could repeate the ethereum moveI will be waiting for cardano breakout and then a confirmation
In bullrun the start will be by ethereum, then large cap altcoins then small caps ,, we are now with altcoins large cap bullrun
ADA/BTC Cardano is begging you to BUYI believe ADA/BTC looks extremely attractive right now. I recently posted about ADA/ETH and while it is up slightly, ETH is way too bullish right now for Cardano to make a strong relative move.
In our first bull move (#1), we appreciated 33% and retraced to the 0.5 line.
Bull move #2: 19% appreciation, retrace to the 0.382 line.
Bull move #3: 11% appreciation
I believe the compression of these rises bodes very well for ADA/BTC and meanwhile, we have cupping action that makes me more confident in the bullish support. Strong resistance around 0.00003170 has been tested and few times and the sellers should be nearly washed out by now. I expect a break of this line and a sharp rise to at least 0.00003465.
Even if we break below the lower trendline, I will not be concerned. If we break below the previous structure low at roughly 0.00002870, I will begin to reconsider.
TP1: 0.00003465 (+12%)
TP1: 0.00003547 (+15%)
- Sultan of Chart
Published trade stats:
Wins: 2
Average gain: 8.5%
Losses: 0
Pending: 3 (including this idea)
ADABTC cup & handleADABTC has formed cup & handle as continunation pattern.
entry price 0.00003000 BTC
target 0.00003888 BTC
stop loss 0.00002678 BTC
