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Cardano - Where and when to buy 🚀❓After the rapid drop and bitcoin's return to its previous level, the market is in uncertainty, as is the case with most altcoins. Let's look at the chart of Cardano, globally we see a very large consolidation zone, the price tried to move out of it, but could not stay above it for long. After that, we see a return back inside that range, and now ADA is heading towards the lower boundary. Where and when to buy? a) If the Cardano drops down quickly, comes out of it, and collects liquidity below the breakdown area, with volumes rising strongly, that would be a good buying opportunity. b) If the Cardano presses against the trend line, breaks it, and tests it as support, that would also be a good buying opportunity.
by Yuriy_Bishko
6
Cardano - 2 scenarios that will tell you what to do! 😉The whole market was expecting a correction, to buy bitcoins and altcoins at a discount, but the market is not going the way most people expect it to, and yesterday there was a very strong spike, bitcoin was up 18%, there were very many liquidations, which actually happened with altcoins as well. What's on the Cardano chart? The price is also in a consolidation range, now it is close to the upper limit. There are potentially 2 possible developments: - first scenario, the price quickly approaches the upper boundary of the consolidation, makes a false break, and goes down - second scenario, the price will squeeze near the upper boundary, make a breakdown, retest the upper boundary as support and go higher. 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
12
Cardano (ADA) - July 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ADAUSD 1W Chart) If the price holds above the 0.79290173-0.91799726 range, we expect the uptrend to continue. (1D chart) If the price is maintained in the range of 1.04253959-1.36341532, it is expected to turn into an uptrend. However, in order to continue the upward trend, it must rise above the 1.36341532-1.52385318 section. If it falls from the 1.04253959 point, a Stop Loss is required to preserve profit and loss. However, careful trading is required as it can touch the 0.79290173-0.91799726 section and rise. ------------------------------------- (ADABTC 1W chart) If the price is maintained above the 1593 satoshi-1944 satoshi range, it is expected that the upward trend will continue. In particular, if the price is maintained above the 2982 Satoshi point, it is expected to create a new wave. (1D chart) It remains to be seen if the 3251 Satoshi-3607 Satoshi section can support and rise. If it falls from the 2982 satoshi point, it can touch the 2539 satoshi point, so you need to trade cautiously. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:ADAUSD
by readCrypto
2
ADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HANDADA: Cardano / Bitcoin : THE WHALES ARE ABOUT TO SHOW THEIR HAND We are about to find out if bag holders get massacred or shorters get squeezed to death. I am holding bags praying. Pivot point is way to obvious. either way be careful with your positions. Alts can dump another 50% EASY if its down. This one chart pretty much sums up the whole ALT market right now. GOOD LUCK FELLOW DEGENS DEATH OR GLORrrrrrrrrrrrrrry
Long
by Crypto-Quantum-Fox
4
ADA Breakout which way?!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADA may have another drop short term to fill in the triangle structure. Price action is getting squeezed in and its prime to breakout in the coming weeks to month. If we break to downside we can see 0.70-0.80 if we break up we can see 1.50-1.60
BINANCE:ADAUSDLong
by IWealthCommunity
1
More clarity on the mid termHello everyone, I hope you are doing great! I'm here for a new mini update on ADA. As we expected from the last update we have managed to top a little over the target of the big inverse h&s. We have after that retested two times the last resistance now acting as a big support. On the weekly we can see two big bullish structures forming, a) another massive inverse h&s (black) and b) a big cup where we are forming the handle just right now. In both cases the target is around 9000 sats. a) b) on top of the screen. On the daily we can see a clear bull flag forming, we should confirm the formation if we top in the next few weeks in the area of 4500 sats. On the USDT side the panorama depends on Bitcoin mostly and the actual bounce (despite its volume) is not very convencing. The daily showed a breakout of the downtrend (blue) but seems to be a fakeout. We need to see if the support (red) holds. Losing the support at 1.05$ wasn't a good signal. Some people can see it as a capitulation phase.
by khundar
ADA - Where is our support? Long-term ✅Back to Cardano. This one is simple: It acts a bit different but still bearish as the rest of the market. Here is the support we've been sitting on since January 2021. Where does this support end? Around $1.00. Which considering the MACD down there, we can say that this bearish market and the high sell volumes are taking the price down to the $1.00 area one more time, and then... well who's to say? We'll do another analysis when it's the right time. But now it's down down down! Current Market Price: $1.2370 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
10