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ADABTC trade ideas

ADA/BTC - Cardano: Ascending_Triangle◳◱ We've detected an Ascending Triangle pattern on the CRYPTOCAP:ADA / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance levels are at 0.00000969 | 0.00000994 | 0.00001044 and the major support zones are respectively at 0.00000919 | 0.00000894 | 0.00000844. ◰◲ General info : ▣ Name: Cardano ▣ Rank: 8 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Cardano is an open-source, smart-contract platform that aims to provide multiple features through layered design. Its modularization will eventually allow for network delegation, sidechains, and light client data structures. Cardano uses a version of Proof-of-Stake (PoS) called Ouroboros to secure the network and manage the block production process. The network features a native token called ADA that gives stakers a claim on new issuance in proportion to their holdings and allows users to pay for transactions. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000096 ₿ ▣ 24HVol: 75.640 ₿ ▣ 24H Chng: 1.159% ▣ 7-Days Chng: -0.51% ▣ 1-Month Chng: 6.88% ▣ 3-Months Chng: -28.15% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000969 | 0.00000994 | 0.00001044 ◢ Support: 0.00000919 | 0.00000894 | 0.00000844 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.47 ▣ Last 90D: -2.17 ▣ Last 1-Y: -0.44 ▣ Last 3-Y: 0.77 ◲◰ Volatility : ▣ Last 30D: 0.55 ▣ Last 90D: 0.55 ▣ Last 1-Y: 0.68 ▣ Last 3-Y: 1.06 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.51 - Bullish ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.38 - Bearish ▣ In-depth ADABTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
(ADA/BTC chart analysis) ADA accumulation range almost reached.After piercing below the 200 daily SMA, ADA retraced to the 61.8% Fib retracement level, before eventually falling below the 61.8-65% (golden pocket) interval -- turning the ~61.8% Fib retracement interval (previously as a potential support) into resistance. The measured target is the green interval, which might be a good range to re-accumulate back into ADA. If ADA falls below the green interval (where stop-loss should be set), next accumulation level would be the yellow box below.
by cybernetwork
ADA Cardano - The Whales WhispererCardano (ADA) Whales on Radical Move as Network Activity Heats Up: Details The chart: ADABTC on valid support and structure looking to be gaining momentum. Slightly Descending channel on support (the dark blue channel on the chart), backed by reliable support (green trend line) and we want to be early on this trade. Targets: - The mid of channel is more than 83% likely to be met and it does confluence with the 0.382 level at roughly 52% higher (ADABTC value). - The upper level of the channel just over 0.618 offers a 101-124% rise on ADABTC and i see this over 53% likely to be happening this summer. - Finally the most optimistic target is still 42% likely and it lies on the white trend-line..follow the 'bubbles' they are ascending in a perfectly linear manner as Support and Resistance. If this line is met we would be selling. Let me know if you like this chart and thumbs up to OKX for an amazing idea to host the OKXIDEAS Contest.
ALong
by FX_Professor
57
ALTCOIN REQUEST FOR MONTH OF MAYTrading financial instruments involves risk and may not be suitable for everyone. Before deciding to trade, you should carefully consider the following factors below and if all these can be well mastered and followed the percentage of success will be very high. 1. Before investing in any cryptocurrency, do your own research on the project's technology, team, community, and market trends. This can help you make more informed decisions and reduce your risk of losses. 2. Investing in multiple cryptocurrencies can help spread your risk and potentially increase your returns. Consider diversifying across different market caps, sectors, and geographies. 3. Determine your investment goals, risk tolerance, and time horizon before making any trades. This can help you avoid emotional decision-making and stick to your investment strategy. 4. Consider using stop-loss orders to automatically sell your cryptocurrency if its price drops below a certain level. This can help limit your losses in case the market moves against you. 5. Cryptocurrency markets can be highly volatile, and it's important to have a long-term investment mindset. Don't make impulsive trades based on short-term price movements and avoid FOMO (fear of missing out) when prices are rising rapidly. 6. Don't let fear or greed drive your trading decisions. Stick to your investment strategy and avoid making impulsive trades based on emotions. 7. Choose reputable cryptocurrency exchanges with a good track record of security and customer support. Avoid using exchanges that have been hacked or have a history of poor customer service. 8. Protect your cryptocurrency assets by using strong passwords, two-factor authentication, and secure wallets. Don't share your private keys or passwords with anyone and be wary of phishing scams and other security threats. 9. Keep up to date with the latest news and market trends in the cryptocurrency industry. This can help you make better investment decisions and avoid potential scams or market manipulation. 10. If you're new to cryptocurrency trading, consider consulting with a financial advisor or investment professional.
by weslad
39
✳️ Double Bullish Divergence & Volume Confirms Reversal | ADABTCCardano bottomed 20-March vs Bitcoin and this can be confirmed through multiple chart signals. Feel free to boost and let's dive in. First, we have a double bullish divergence, classic, plain and simple. We can see Cardano (ADABTC) printing a long-term lower low between March 2023 and May 2022. The MACD on the other hand printed a long-term higher low in this same time window: The RSI's bullish divergence is younger but still valid and strong, March 2023 vs Dec. 2022: The signal is still valid and good. Next, for a low/support confirmation is the volume signal. We have high volume May 2022, just check the volume line/bar on this date on the chart. March 2023 as a new 10 months low is hit, no volume/low volume. A new low with no volume signals that this move is either weak, already over or just the market looking for liquidity rather than a trend continuation move. With all this said, there can still be more correction but this is a low probability scenario. A new low can be hit with the same conditions described now because it is still early on the bounce and no volume on the way up. Now, looking at the other Altcoins, such as XRPBTC and SXPBTC, we see the reversal is already taking place. Thank you for your continued support. Namaste.
Long
by AlanSantana
1
ALTCOIN ANALYSIS REQUEST FOR MARCHTrading financial instruments involves risk and may not be suitable for everyone. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
by weslad
69
APRIL ALT ANALYSIS REQUESTTrading financial instruments involves risk and may not be suitable for everyone. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
by weslad
72
ADA/BTC Fib Channels Looking for a good entry on ADA on the bitcoin pair: Goal is to outperform bitcoin this coming bullrun. Started with drawing some trendlines - cloned the best fitting ones to get the channels to appear. i have drawn 3 fib channels - the middle one is the impulse structure which i have cloned to current price as of March 23rd. If ADA breaks out - best case scenario - it could outperform bitcoin by a factor of 3. A drop lower very well possible too. Other altcoins might offer better results. No investment advice.
Long
by slayerpossie
1
Cardano 31923For the Cardano moonboys. Don't worry I learned the hard way buying shitcoins at the wrong time too. Had I put all that money into Bitcoin. I'd have an extra 7 figures right now. INstead I gambled on crap. Now is not the time to be speculating on shitcoins. Bitcoin is an alternative to the fiat system and it will benefit the most. ALt season. not time yet. Whatever Cardano does, its highly likely it does not outperform BTC. If it does it will be short lived and those profits should be moved into BTC.
by BrandonrG
1
ADA to 17k satsOn the above 3-day chart price action has corrected almost 70% since the sell signal back June 2021. Ever since price action has been in a downward channel. A number of reasons now exist to be bullish, including: 1) A strong buy signal. Look left. 2) Price action breaks out of Bull flag and confirms support on past resistance. 3) Price action bounced off the golden ratio. 4) The flag pole extension measures a 780% move to 17k sats. 5) On the 10-day chart a text book Cup and Handle formation has printed (below). Is it possible price action falls further? For sure. Is it probable? No Ww Type: trade Risk: <=6% of portfolio Timeframe: 3 to 9 months Return: 7x 10-chart cup n handle
Long
by without_worries
19
ADA/BTC Cardano is too weak stay above this historical trendlineToday, I analyze the BINANCE:ADABTC Weekly chart, Logarithmic scale. Observe where price is sitting at the time of writing. It is sitting at the crossing of two trendlines and the 0.5 Fibonacci line. This conjunction may serve as a good support for price, meaning that price would not go below 1500 Satoshi ever again. However, that's the extent of bullish factors that I could find on this chart. Let me detail my Bearish factors: 1. The volume across the entire timeline of ADA is almost non-existent when price is above the the 0.5 Fib line. Consider the 0.5 Fib line as a separator between two zones of price action. Any price action above it I call high , and below it, low . Price has traded high for a total of 33 months. It has also traded low for the same number of months. So the trade time between high and low is almost equal. However, the volume is enormously skewed towards the low price action. You can see that on the volume profile appearing on the right side of the chart. Low-price action has 5 times the trading volume of low-price action. Bear in mind that the price axis is logarithmic, so our 0.5 Fib line sitting at 1523 Satoshi does not stand exactly at the middle price between All-time high (8788 Satoshi) and all-time low (266 Satoshi). So I can easily say that 80% of trading volume has occurred in the lowest 20% of prices, and the highest 80% of prices have only seen 20% of the trading volume. Therefore, the high prices carry no significance. Trendlines mean almost much less above the 0.5 Fib line. Using that reasoning, I predict that the two lines crossing below the current price will not stand as support and that price will break below them. 2. The more touches in a bear market to a trendline, the more probable it will break on the next touch. This principle is also validated by descending triangles. I can't see an exact descending triangle pattern here, but price has been in a bearish trend for 6 months now drawing lower highs and lower lows. But what about Fundamentals? People get easily excited about news bites such as "Solidity is coming to Cardano", "Haskell can now run on browsers", "Cardano's Formal Verification can catch devastating flaws that cost Millions". The reality is the world is not that black and white. Most investors have absolutely no idea what any of these news lines mean. What really matters is the psychology of the market, i.e., how the market feels about these news, thus Technical Analysis! On top of that, as a Haskell programmer and a Formal Verification specialist myself, I know full well the scalability challenges that come with such "positive" news. Ultimately, what drives price up is hype and survival instinct, not fundamentals. You can ride that wave up if you want, but when reality hits and the network clogs, some hack steals millions, or the hype withers away leaving Cardano once again a hulk in crypto space; it may be too late to implement your exit plan. So, what next? I anticipate price to revisit the lower rising trendline and stay in that zone to allow for redistribution/accumulation. In that phase, moving averages and oscillators like RSI will catch up. From there, we can revisit the Cardano chart to judge if it's ready for another boom. Keep an eye on this chart. Access it here .
by TechNerdOmar