Cardano (ADA) is ready for breakout to hit $0.0448 in a quick move
Cardano (ADA) is ready for breakout to hit $0.0448 in a quick move

By moon333 | moon333 | 1 Nov 2019


Since 26 Oct the priceline of ADA / US Dollar is moving within a pennant and now it has reached at end.

351665157-7a8e98c065d43a0e8b1ac9ca4392695ade4844eeb59b215fe5024012cefb52c3.png

 

 

Stochastic has given bull cross.
MACD turning bullish .

351665157-69be4b3fb4d832e27aa4b3dd275f0df9443103b9f30189eb8a034da817a3d84f.png

 

 

 

Ichimoku cloud is strong bullish .
Lagging span is turning bullish and crossing up the priceline.

351665157-56da38f0617c548ee31d2c735f77dbbe3678db0bb4e3b11b24c6bd97fc2ae2be.png

 

 

 

 

Bullish BAT inside pennant is also formed which is pushing the price action to breakout soon.

351665157-134ddf7803de459a4542c59e890a19f03fd10d31c0296bf83b26e59ec5b06d41.png

 

 

 

 

We have a strong support of 50 simple moving average and a golden cross is expected between 25 SMA and 50 SMA which will push the price action to breakout the pennant.

351665157-3d839f3044eec389463150296f2dc3650ce4a6108d4abdfb9eb58d7e0a18dc7b.png

 

 

 

 

The long can be taken after breakout and price correction.

This breakout can take the price action easily upto the tail of pennant which is at 0.04480.

351665157-6f50e3bc6350ad1a4382e11dc50bf5dc689cb187fc0bb46b6c101f55cb5ac527.png

 

So this move can easily produce more than 8% move on 4hr short term time period chart.

 

 

Regards,

Atif Akbar (moon333)

 

 

 

 

 

 

 


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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