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ADAUSDT | The best area to fall📍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 wave count in this currency, waves 1, 2 and 3 are over and now we are inside wave 4. Wave 4 will be formed in a zigzag pattern, and from this zigzag, wave a has ended and we are probably inside wave b, we have considered wave b as a flat, to complete this flat, the price will rise to the area of 2.300 It is necesary. Wave b is very short in time compared to wave a so far we do not think that wave b is complete. We assume that with another ascent this sideways position will continue and then wave c will descend as much as wave a . 🙏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
Hope for ADA against BTC!!?We are still anticipating Cardanos move against BTC, we have been moving super flat over the last month or so along the 1 FIB level and we are yet to see any sign of any move in either direction, we had a couple days with nice green candles but other than that nothing. Now we have 2 scenarios in my opinion, im leaning on the bullish one where we have strong moves to the upside, due to the fact that BTC dominance looks very bearish and i beleive altseason is coming. The other scenario that could play out is the very bearish one which would be a huge fall i personally think, we have a huge gap below this support line we are currently on, it is shown by the red shaded "danger zone", we have absolutely no support in this gap, we have very light support at the first green line, it is faded because its not very strong. we may possibly have another level of support slightly above that but i wouldn't even count it as support due to there only being 2 candle touches. We have strong support about 22% downwards, most likely support that holds, the other issue if Cardano fell below into this danger zone and all the way down to our strong support is, we would almost be erasing all of the progress we have gained against BTC, not all of it but a significant portion. Now follow along and as i go through the indicators we will be looking at the bullish scenario, the opposite would be true for the bearish. So the bollinger bands one of the indicators that is giving me the most hope, we are in a massive accumulation zone and since we have been following this for some time the bands have squeezed down on price action and a ton more than it has on other coins, and everytime this happens it is only a matter of time before we have a super explosive move, the thing is we don't see what direction that might be. The RSI has been travelling along in the confirmed downtrend area, but we are actually seeing a ascending channel, we rejected off of the top recently and now coming to the downside but the positive thing is that we could see this lead us back up into the uptrend zone above the midline! Now the ADX, we are slowly but surely coming downwards on a clear downtrend but the positive here is that we are approaching support at 16.2 and we could very possibly getting a bounce and we could be looking at a reversal, this would be key for ADA, both a reversal here and a reentry of the uptrend zone on the RSI would likely give us that bullish boost we need to get back up and running, Keep in mind too if BTC dominance continues falling that would also help a lot! Not financial advice just my opinion!
by JacobR905
ADA - Daily Chart ✅There are two support areas and two resistance areas on the chart. The Bollinger bands are forming a consolidation channel here in a way that looks like we might have a bit of correction coming up. We have Strong Sell Volumes on the market for ADA. If we fall lower than the $1.7 price range, then we'd have another bearish scenario coming. Use this chart as your trade setup for now; I'll keep it updated. Current Market Price: $1.8 Let me know your ideas. Good luck.
by ShawnMCR
7
ADA/USDT 4HOUR UPDATEWelcome to this quick ADA/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- ADA/USDT is bullish trend conform retest buy the dip and green zone Entry:- buy green zone Traget:- 20% to 30% Stoploss:- 1.786 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
ADAUSDT Technical Analysis⏳ Spot 💎 ADAUSDT has formed a wedge pattern. After the breakout by a large green candle we can expect a pullback for a retest then the Bullish move 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 1.924 - 1.830 ☕️ TP1 2.025 🍺 TP2 2.184 🍻 TP3 2.348 🍾 TP4 2.499 🍷 TP5 2.650 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 1.830 - 1.743 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
ADA/USD - Fakeout and breakdown. Can we recover? 🙄ADA’s attempt to go above $2.4 was sharply rejected last week, and since then, the price has continued to make lower lows reaching $1.7 during yesterday’s correction. For this reason, ADA’s performance was poor in the last seven days, with a -10.3% drop. The breakout from the descending triangle can be interpreted as a fakeout which may have trapped many bulls that hoped for a rally instead. The current resistance for ADA sits at $1.9, which was the former base of the descending triangle, while support is found at $1.7 and $1.5. Looking ahead, ADA may have an opportunity to stop the bearish trend as the RSI has made a bullish divergence on the 4-hour timeframe, similar to Ethereum. However, one has to be very careful as daily MACD continues to remain bearish. To confirm the bullish divergence, ADA has to return back above $1.9. Like and follow if you liked my idea!
by DU09
ADAUSDT | The best scenario for correction🔥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. Due to the lack of sufficient data in this currency in the past, it is very difficult to identify this wave. We assume that this wave will be one of the microwaves of the larger waves. Based on the counting of waves 1, 2 and 3, we are now in wave 4, wave 4 will probably form a zigzag, and from this zigzag, wave a will end, and wave b will probably rise to the range of 2.5, and then descend. It will happen again until Fibo 0.23 and then the movement for wave 5 will be formed. If the pink resistance line is broken, the structure of wave 4 will change. And to confirm the drop to 0.23, breaking the bottom of the orange channel is mandatory. 🙏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
2