ADA/USD - Breakout, fakeout and return to support. 🤣ADA made a significant break above the descending triangle this week and reached the resistance at $2.4 where it was sharply rejected by the bears. Since then, ADA’s price fell back to the breakout point leading to only a 1.8% increase in the past seven days. This reversal is quite unfortunate and shows that the bulls were only interested in ADA during the breakout and quickly vanished as soon as they hit any resistance.
ADA is still stuck between the support at $1.9 and the resistance at $2.4. Nevertheless, with this breakout, it did achieve one important aspect. It stopped the bearish trend.
Looking ahead, ADA can consolidate within this range before another attempt is made to break away from the $2.4 resistance. Once that happens, ADA has a good chance to explore higher price levels. Until then, the bias for ADA remains neutral.
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ADABTC
★ ADA - Where to ENTER?Well, let's look at one of the most mysterious coins.
Cardano is in a downward trend on a daily TF, and the price range of $1.8 can be the price floor and is an institutional buy area. You can enter after breaking the negative trend line, but I think the best time for buying ADA is when it breaks the $2.37 range and the negative trend line (RSI). After breaking these two resistances, the upward trend of ADA begins to go for the $2.72, $3, and $4 targets.
ADA - Keep an eye on support and resistanceCardano has again reached the resistance zone of $2.3 - $2.35, and it looks like a rejection leaving a wick there. The major support is $1.9 - $2 area. It needs to break the $2.35 area resistance to turn BULLISH. Currently, ADA is trading in a range. Keep an eye on support and resistance.
ADA - You can add some ADA near $2Cardano rejected the resistance of $2.35 and tested the lower support of the $2 area. The last major support is $1.8, and a candle below this is bearish. Currently, ADA is trading in the range and hanging between the support and resistance area. You can add some ADA near $2 support.
ADA - Daily Chart ✅It looks like ADA is forming a Bull Flag. This is a good sign, and we might see another pump after confirming this breakout.
The market is showing Buy Volumes for ADA coin now. Not strong, but still.
Two support areas are holding the price up, and two resistance pushing down on it.
The lower and the higher Bollinger Band also support and resist here, so watch out for them.
Price can go a little lower till touching the support; that's when we can get more confirmations to open positions.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $2.259
Let me know your ideas.
Good luck.
ADAUSDT Technical Analysis⏳ Spot
💎 ADAUSDT Has broken above the Bullish flag by several large green candles. We need to wait for the Pullback and retest. After seeing the Bullish setup after the Pullback we can expect the Bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or From 2.186 to 2.278
☕️ TP1 2.378
🍺 TP2 2.594
🍻 TP3 2.815
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 2.186 to 2.082
Good Luck 🎲
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Cardano - 2 scenarios that will tell you what to do! 😉A trend line has been forming on the Cardano chart for a long time. It is currently acting as a strong resistance.
If Bitcoin rises or continues to consolidate, Cardano could follow the first scenario and break the trend line.
But it is also worth highlighting the second scenario, right now bitcoin looks very weak, and in case of a correction, Cardano will also correct. In that case, it is best to buy after a false breakdown of $1.8 level or after a breakout of the trend line.
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.
Cardano ADAUSD - Elliott Wave + Rounding Bottom! +1200%!- Cardano is currently breaking out to new ALL TIME HIGHS!
- On the chart we can spot a Symmetrical triangle - The price is creating higher lows and lower highs.
- Also, the price is above the ALL TIME HIGH level from 2018, which is very bullish .
- We will experience an acceleration to the upside in a few days!
- Profit target is 0.618 FIB extension, which is around 30 USD - 1000%.
- Cardano made a huge rounding bottom or cup and handle on the weekly time frame.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, we are currently at the 5th impulse elliott wave!
- If you want to see more of these ideas, hit "Like" & "Follow"!
ADA Breaking Out for More Than 3X Easy Gains in Next 4 Months🧨In previous ada idea we discussed ada is in strong accumulation zone, finally cardano breaking out frm bullish rectangle pattern.
in last 2 days LTC also pumping , all old well settled coins started to pump. dont miss this easy ada trade setup.
✴️ ADA (Update)On a daily time frame, ADA has reached its major support level of $ 1.8, an entry point for institutions, and continues to provide buying opportunities. Be patient and enter the range of 1.8 in the next falls. In the 4-hour TF before the fall of the previous day, the RSI had reached 19, and the last time we saw this number, we were at a price floor.
⚠️Be patient because the market gives opportunities and do not act emotionally, and be sure to use Stoploss!❌
✴️ ADA - Strong upward movement?In a daily timeframe after the formation of the double bottom pattern, it has started its positive movement in a 4-hour timeframe; this movement will continue up to the range of $ 2.2. We are now witnessing a negative trendline resistance, and if this resistance breaks, you can enter for $ 2.37 for short intervals. Ada's strong move will occur after breaking the $ 2.36 resistance.
ADA/BTC 30x from here. BIG PUMP or a DUMP!Cup and Handle forming. We go 3000% from here for this cycle.
Final Target 1 ADA = 0.00012BTC
144KUSD ATH BTC = 1 ADA will be 17.28
230KUSD ATH BTC= 1 ADA will be 27.6
and so on.
There is no certainty in trading , only probabilities,
and we make sure you are on the right side of the market.
Trade safe.
ADA/USD - Apex about to break! Can it pump?This week, Cardano saw a major attempt to break above the descending triangle but was swiftly rejected at the resistance at $2.1. The price was then pushed back to the support level just above $1.9.
In the next few days, ADA seems likely to continue to bounce between these two key levels before a resolution is reached and it breaks above the triangle.
Because of this price action, ADA’s indicators are looking rather flat on most timeframes, but we have some early signs it can turn bullish, stay tuned.
Profits are made in trending markets, so wait for a break. When there is no trend in the market, trying to force one can lead to significant losses.
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ADA - Daily Chart ✅ADA is trying to break resistance and the upper Bollinger band.
There are Sell Volumes in the market for ADA right now, and I think it's because of the noise we have since it tried to break the Bollinger Band without consolidations.
Two support areas are holding the price up, and two resistance areas push down ADA's value.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $2.010
Let me know your ideas.
Good luck.
ADA - Daily Chart ✅Since the prices are moving in a wide channel, I've decided to set the chart as 4H to get better results.
The market is showing Sell Volumes for ADA coin now. Not strong, but still.
Two support areas are holding the price up, and two resistance pushing down on it.
The lower and the higher Bollinger Band are also supporting and resisting here, so watch out for them.
Price can go a little lower till touching the support; that's when we can get more confirmations to open positions.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.9813
Let me know your ideas.
Good luck.
ADA will break out soon!Here's a quick Look at ADA 12 hr chart. As we can see, the price has been forming a bigger descendingl triangle and we could see a bigger break to the upside soon - BTC just need to get stable! Definitely one to keep an eye on.
The best entry would be, when the price breaks above 2.245$ with good amount of volume .
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The idea is: Buy the breakout from 2.245$ and take profits at the levels shown in the chart.
Targets:
1. 2.45$
2. 2.69$
3. 2.97$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!