ADA/USDT - 4h - Analysis published on 03/25/2021

25 мар. 2021 г.

Hey guys, it’s Cosmo 😃 calling again from the Moon … and this is a quick update on CARDANO: ADA/USDT (4 hours time frame).
Trends: Short Term – Bullish & Long Term – Bullish

Crypto Screener™ – 1 day frame – Rating (by TradingView): BUY

Technical Indicators – 1 day frame – (by TradingView & intotheblock): NEUTRAL
- Summary: 9 Bearish; 8 Neutral & 9 Bullish
- Oscillators: 2 Bearish; 7 Neutral & 2 Bullish
- Moving Averages: 7 Bearish; 1 Neutral & 7 Bullish

Fundamentals: NEUTRAL
- Circulating/ Max Supply = 71% --> BUY
- 964 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) --> BUY
- C+ SIMETRY™ Rating (by Crypto Briefing) --> SELL, but outdated as of 12/20/2018
- BBB Rating with stable outlook by TokenInsight
- 98.2% out of 100% Asset Score™ by TokenInsight
- 63.7 Dynamic Performance Score™ by TokenInsight

AI (Artificial Intelligence) by CENTRALCHARTS: BUY

Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): neutral
- D (1 day frame): positive
- 7d (last 7 days): negative

My Opinion: BUY - Bullish over USD 0.985
My targets: USD 1.201 (+8.8%) & USD 1.488 (+34.7%) from current price level

ADA/USD seems to have found a bottom @ USD 0.985. Traders may consider long (buy) positions if the price stays well above USD 0.985 (Stop Loss Level = 1st light red line below current price; -10.8% from current price level).
Next resistance levels are indicated as light green lines in the chart. A bullish breakout above a resistance line would increase bullish momentum.

Signal Force (0-10): 5 = medium force
We are currently trading significantly below monthly VWAP (volume weighted average price) due to the sharp correction of last week. Following this dump we should now retrace back to current monthly VWAP level (my 1st target around USD 1.201).

Please note that as a Hedge Fund Manager I would NEVER go outright long = only buy ... I always have potentially underperforming coins or tokens short against the longs!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Please also have a look at my other current analysis to get a full picture of the Crypto market.

Happy trading everyone … please like, follow and comment!

Published on 03/25/2021, 10:00 AM (UTC+1)

26 мар. 2021 г.

Заметка

Target: USD 1.201 (+8.8%) reached