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ADAUSDT | The best scenario for climbing🏹Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count we had, waves 1, 2 and 3 have been completed and now the trend is inside wave 4. Wave 4 is zigzagged, and from this zigzag, waves a and b are completed, and wave c is probably incomplete. The count we had for wave c in the lower time was not normal at all, but it is shorter than wave a in terms of time, so we think wave c will continue and decline until the price of 1.00, and then start climbing for wave 5. But if the bottom of the canal is broken upwards, it must be prepared for upward movements. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
CARDANO, three basic scenarios that will tell you what to do!The ADA is in a local range between $1.48 and $1.2. In last idea, we said that squeezing and breakout a key level would be a good buying opportunity. But the price has never been able to break the key level. After that, the whole market corrected. Now the price is also near an important level (the lower boundary of the trading range), which acts as support. Now we will highlight 3 main scenarios for buying ADA: - first scenario: compression and breakdown of the lower boundary of the trading range, after which there may be a good opportunity to sell - second scenario: in case of false break-down of the lower boundary of the trading range it is better to close your positions and open a buy position - third and best scenario: if the correction continues, the liquidity zone marked below may also be the best opportunity to buy. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4
ADA - Daily Chart ✅Let's see how ADA is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is getting rejected by the local resistance area. The market is showing SELL volumes for ADA. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The middle Bollinger Band can push down the value, and the lower band can hold the price. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that ADA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $1.328 Let me know your ideas. Good luck.
by ShawnMCR
9
Cardano VS Bitcoin: where might we go based on relative strengthA fundamental rule of cryptocurrency is that when bitcoin moves, the whole market moves with it. This is called a correlated market. We see this in stocks, with large companies like Apple or Amazon moving in tandom with index funds like the S&P and NASDAQ. There is a whole host of reasons for this, but within Cryptocurrency there are two primary drivers (along with a million others!): 1: Most market participants use bitcoin as an onboarding asset, first buying bitcoin then using this to buy any service/asset within the space. 2: Within an extremely high risk market, bitcoin arguably has the least amount of risk attached to it. If bitcoin is signalling market weakness and so high risk of losing capital invested in the space, market participants are much less likely to leapfrog bitcoin and jump into a significantly higher risk space like altcoins. Whatever the reason behind why this happens, this simple correlation tells us a few things: A) If bitcoin is strong, and an altcoin is weak, money is flowing into bitcoin but not into that altcoin. B) If bitcoin is strong and an altcoin is strong, money is flowing into bitcoin AND the altcoin. C) If bitcoin is weak, and an altcoin is strong, EVEN THOUGH capital is flowing out of the safetest crypto, capital is still flowing into the altcoin. With this, we can begin to paint a picture of strength that an altcoin might have, and so where it might go in the future. In trading, the chart represents the total knowledge of all market participants. For every one person buying bitcoin because of XXX reason, there is often someone who is selling while thinking XXXX. Charts represent this tug and pull between all market participants and so is a visualised representation of this process over time. Importantly, it gives us insight into how the majority of market participants, and crucially market makers, are acting WITHOUT requiring us to know why, and so we can gain probabilities of certain outcomes based on these footprints in the sand. If we apply the above A/B/C understanding, we can being to paint a picture of where money is flowing and so add to our statistical probability of being on the right side of a trade. This chart shows Bitcoin (as an orange line) vs Cardano and looks at gaining that knowledge from the behaviour of market participants while considering relative strength between the two. I have noted each major point with a correlating number on the chart, so let's dive into this: 1: At the start of 2021 until May 2021, bitcoin was strong and ADA was strong, so not only was the market interested in cryptocurrency as a whole, but also interested in whatever cardano had to offer. We don't need to know what fundamentals were driving market participants we just need to note how cardano acted while capital was flowing into the space. In fact, at the end of this period cardano even attempted to break higher while bitcoin was in the process of starting a correction. This was a sign of strength as it showed: A) market participants were interested in buying the alt when there was interest in the entire cryptocurrency space, B) even when the primary asset was correcting (at least until bitcoin broke some major supports), market participants wanted cardano. Noting the above, it was reasonable to have added Cardano to your portfolio during the May correction as it had demonstrated strength. 2: Often times, market makers follow strict internal procedure that dictates allocation of capital given to each asset held within a portfolio. This means that unlike the herd (or dumb money) who's primary driving force is greed, market makers (or smart money) take profit readily as part of their trading habits. We don't need to know why exactly, but often one of these areas where we can see a footprint of this smart money/market makers operating is between the 61% and 78% Fibonacci levels measured from an assets swing low relative to its high. Putting this together with the above knowledge, we see that in September bitcoin reached this interesting area of 61-78% fib and corrected, whereas cardano reached this area and did not. Instead cardano broke through the area where market makers traditionally profit take and pushed to all-time highs. Again, this gives us little clues as to what market participants are thinking and allows us to understand the context we are trading in. Here, by breaking to all-time highs cardano told us: A) More money is flowing into cardano than bitcoin B) Market markers / smart money profit taking was overcome by buy side pressure. This tells us that Cardano was very strong. Expressed in a more technical way, while the primary asset was ranging (oscillating between two price areas, with bitcoin this was 65k and 30k), cardano seemed to be trending bullish. This means probability favours bullish price action and so there is more of a chance that a bullish trade will be profitable than not in the future. 3: And it was with this tasty conclusion in my back pocket, I looked to buy ADA. Yet what happened next? A trend is nothing more than a majority of market participants being interested in buying an asset than those selling it. While buyers and sellers may tug and pull price so it oscillates up and down, generally it heads more up than down in a bullish trend. With this in mind, in a trending asset it's often that pullbacks rarely exceed 21-38% (and in some extreme cases 50%) measured using the Fibonacci tool. The depth of these pullbacks tells us how strong the trend is - shallow pullbacks = less people interested in selling and more people willing to buy the asset at a higher price, while deep pullbacks often indicate sellers are strong. Both of these scenarios shift probability of continued trending price action and so we can say that a deeper pullback suggests that further trending behaviour is less likely OR will be less extended. Crucially with a trend, we assume the trend will continue UNTIL the chart proves that wrong - who knew that the major stock markets would trend bullish to such high levels after covid? No one knows when a trends will end so stick with it as "the trend is your friend". 4: Knowing what we know from point 3, and applying our relative strength understanding with bitcoin we can see an early warning sign emerged that cardano may not have been as bullish as September price action suggested. Not only did it pull off its highs much harsher than bitcoin (meaning the pullback was deeper and so sellers more active), but when bitcoin rallied hard going into October, cardano failed to follow, instead just holding onto a key resistance level and not reactivating its bullish trend. This told us that market participants were simply not interested in buying cardano EVEN WHEN the whole crypto space was celebrating bitcoin breaking new all-time highs and so any correction in bitcoin would likely be felt harder by cardano. Had cardano still had the interest by market participants that it had in September, it should have followed the grey path indicated at (4a). 5: This early warning sign began to paint the picture of what COULD have come after. While there are always exceptions to the rule (sometimes alts that don't do anything while bitcoin is chugging higher explode upwards after a while) a profitable trader only acts in probability. Over the course of their life, if they can ensure they are 51% profitable in trades, they are guaranteed to make money. The professional trader does not care for moon shots or lottery tickets, only about putting the odds in their favour. And so with the shift in relative strength showing us that cardano was acting weak against bitcoin, probability began shifting in favour of more bearish action in the future. Going back to the rating system at the start of this post, cardano went from being a (B) If bitcoin is strong and an altcoin is strong, money is flowing into bitcoin AND the altcoin to a A) If bitcoin is strong, and an altcoin is weak, money is flowing into bitcoin but not into that altcoin. As such, when bitcoin decided to correct and money flowed out of the market, cardano was significantly affected by this, breaking a key support and pulling back well beyond what is expected in a bullish trend. So what now? Market favour has shifted away from cardano. Not only has it shown us that it is weak even when people are interested in crypto and bitcoin is going up, it also showed us that we are most likely not trending bullish as the pullback has been extremely deep and we have failed to reactivate bullish since. With this we can understand the context and probability of what each future potential path (bullish or bearish) might hold in the future. Will Cardano break all-time highs and skyrocket to a trillion? This is less likely to happen. Will Cardano break its all-time highs? It has demonstrated a lot of interest in the past so there is still a relatively high probability of this happening as buyer have been interested in the asset BUT we can't ignore what cardano has recently done (been very weak) Will Cardano break the $1 key support? Probability says this is likely IF bitcoin continues lower. Conclusion = While evidence showed cardano to be a strong asset prior to coming off its September highs compared to bitcoin, recent price action suggests that the market is not interested in the asset anymore and has begun putting capital elsewhere. We can use this information to paint in the background to any trades we want to take and to demonstrate just how important it is to WAIT for moves to finish before jumping in (I see you people that fomo into coins)- E.G: With no understanding of context: "I am buying Cardano because it will go to $10!!!!!" = X wrong - the probability of this happening based on past price action is extremely unlikely. With an understanding of context: "I am buying Cardano but know that it has been weak and so 1: my stoploss takes this weakness into account; if it breaks $1 I will exit because I can see that realistically it is becoming weak so probability favours it becoming weaker in the future and so a break of a key support increases the likely hood of further downside. 2: my expectations of profits are reasonable and low so I won't be greedy. While it might break to an all-time high at some point in the future, this is not highly probable and so I will take profits at lower levels. Thank you for your time, P.
BITFINEX:ADAUSD
by MarcusAurelius161
5
UPDATE: ADA BTC UP 253% after bull signal - What Next?Please Like or Follow if you enjoyed this content. UPDATE: The price jumped 253+% after the bullish Supertrend Ninja signal in Jan 2021. And 125% in April 2021. The Supertrend Ninja also predicted some heavy drops with the latest being in Sept. The price is ranging, which is visible from the sideways movement. RSI is in a range as well. Although ADA got a bullish signal from my indicator Supertrend Ninja. Right now the price is in the middle of two grey blocks. Supports and Resistances are highlighted as grey blocks. Next support around 2500 sats. Next resistance around 3250 sats. Price is still on the negative side of the Ichimoku. Break down here, we will go to 1900 sats. Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended. Thank you for reading. Namasté 🙏 What Indicators Do I Use: In the chart I am using my Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
1
Skeptically bullish, but nervousADA has recently retested the major trend support. If that breaks, ADA's woes could accelerate. However, there are a few positive signs suggesting we may see (at least some) short term bullish momentum. On the 4-hour chart (not posted) I'm seeing seller exhaustion. On the daily chart, we appear to have a Higher Low that would suggest some short-term strength (at least). Despite these few positive signs, ADA looks like too much of a gamble for me. ------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
by mercury_rising
Cardano (ADA) - January 2Welcome, traders. happy New Year!!! If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ADAUSD 12M Chart) (1M chart) We are making an important volume profile section over the section 1.316-1.547. (1W chart) - mid- to long-term perspective Above the 0.476 point: expect the uptrend to continue Above 0.918 point: Expected to create a new wave. (1D chart) First resistance section: around 2.005 point Second resistance section: 2.486-2.647 First support section: around 1.043 Second support section: 0.561-0.722 The 1.316-1.547 interval is an important interval to determine the trend. So, you should check for movement outside the 1.316-1.547 range during the volatility period around January 3 (January 2-4). It must rise above the 1.547 point to turn into an uptrend. If it falls in the range of 1.043-1.130, Stop Loss is required to preserve profit and loss. However, it may touch the uptrend line passing through the second support zone and rebound, so you need to think about how to respond. ------------------------------------ (ADABTC 1W chart) 1593 Satoshi - 1944 Satoshi or more: Expected to continue upward trend ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:ADAUSD
by readCrypto
3
Light at the end of the tunnel?ADA has been held underwater due to heavy resistance from the Death Cross. However, on the 4-hr chart, price is holding above the 200 EMA for the first time in months. If this can hold, the dominos may start to fall as consecutive Daily EMA levels are broken to the upside. Now, let's take those rose-colored classes off and realize that it's also likely that price is rejected from any of these levels and we see continued downside pressure. On the bright side, we are in a Falling Wedge pattern (Bullish). Unless there some Fundamental reason the sell-off will continue (bad news, etc), I'm expecting a significant bounce once the trend resistance is broken. Consider averaging in, but be careful not to go too heavy just yet. These are just my observations and should be considered financial advice. Do your own research and reach your own conclusions before investing. Cheers, and Happy New Year! --------------------------------------------------------- I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
Long
by mercury_rising
Cardano Next Move 29/12/21 5:50 NY timeHey everyone, Ill be quick and clear. Right now these are only two most probable moves for ADA in my mind. And it all depending if we are able right now go bellow 1.25€ or not on 5min TF. A, If it break under and test it as resistance is more likly that we go down. Bearish-Red B, We go over 1.26€ and creating new HH on hourly time frame and testing 1.25€ and holding as support, in that case is more probable Bull-Green I personally lean towers A. But its best to wait and see what it do. Gl in your trading
Short
by cryptocapitaltrading
ADABTC LONG ADA VS BTC now is situated into a falling wedge pattern which means the price is going down inside the channel but a breakout will occur soon. Lot of bullish signals you can see in my analysis: -RSI about to breakout from triangle -Stochastic crossing bull but we need a lot of more volume Target is 3161 satoshi from this channel Good luck, have a nice day guys 3D chart= Bullish divergence and MACD is about to cross upside Ada USD Same like for BTC, situating into a falling wedge which means will break UPSIDE ADAUSD sitting into major supply zone so it s a good time to place some longs
Long
by Rowhales