ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA)
Cardano is about to close 2022 as one of its worst years. With a new low in 2022 at $0.24, there seems to be no stop to the current downtrend. After losing 5.7% of its valuation in the past seven days, ADA is still in search of support.
At this time, the most likely support level to stop the downtrend is found at $0.20. This key level may provide ADA with some relief because it could entice buyers to finally return after being absent for most of 2022.
Looking ahead, the outlook for this cryptocurrency remains bearish after losing more than 92% of its valuation since its all-time high at above $3. Hopefully, in 2023, ADA will be able to find support and start a sustained reversal to recover some of these most recent losses.
This is not a piece of financial advice.
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ADABTC
ADABTC 50% Drop Incoming?We've received a Sell signal through Crypto Tipster v2 on Cardano / Bitcoin on the longer term 2D chart - although there is a level of support right where the market is currently sat, if this level was to break the next support area is a whopping 50% below the current price.
The next few days will be critical to watch on this one, a small downward movement beyond this level of support will ultimately break downward for some serious Short profits.
ADA ANALYSIS
#ADA UPDATE.
#ADA has broken above the falling wedge and is currently trading at the double top pattern and close above the double top would result in more pump in the price of ada.
ADA ANALYSIS#ADA UPDATE.
#ADA is currently trading in falling wedge supported by the Bullish RSI on 3H TF suggesting some upside move if ada breaks above the falling wedge.
ADA have entered a section that requires a long breath.Hello?
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(ADABTC 1W chart)
It has fallen in the area where the power of the rise can be obtained.
Therefore, there is a possibility of a sharp decline, so you need to think about how to respond to it.
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(ADAUSDT 1W Chart)
In order to show a mid- to long-term uptrend, it must rise above 0.3448-0.4380.
To do so, the key is whether it can be supported above 0.2772.
If not, I expect it to fall below 0.1720.
(1D chart)
The key is whether it can rise above 0.2772, which is an important volume profile section.
If not, I expect it to fall below 0.2102.
It is important if it can rise above 0.3147 to show a short-term uptrend.
As it falls below 0.2772, it is judged that it is entering the long-term investment zone.
Therefore, I think it is good to use a trading method that increases the number of coins corresponding to profit with a long breath.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Cardano Analyze (12/17/2022)!!!↘️It seems that we are still not close to the end of Cardano's decline.
I expect Cardano to continue to fall to the heavy support zone, and after breaking the downtrend line, I can hope for Cardano to rise, so if you are looking to buy Cardano, you will likely see more attractive prices.
Cardano Analyze ( ADAUSDT) Timeframe Weekly⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
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ADAUSDT descending triangle (NEW)What we can see in the chart is the descending triangle which is a bearish pattern.
As the price is in the downtrend overall, we expect the price to break down.
Enter the position only if we get a break down with a volume surge.
It would be 40 % drop and the price would drop to approx. $0,26
Good luck
ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) hit an all-time low in today’s session, as sentiment in cryptocurrency markets remains bearish, following recent economic data.
ADA/USD dropped to an intraday low of $0.2845 earlier in today’s session, less than a day after trading at $0.3026.
Today’s sell-off comes as cardano fell for a third straight session, breaking out of a key support point in the process.
Looking at the chart, the aforementioned floor is at the $0.3000 mark, which was broken once before, on November 21.
The 14-day relative strength index (RSI) also moved below a floor of 35.50, and as of writing is tracking at 30.91.
This is the lowest point the index has hit since October 22, with prices hitting a bottom of $0.3100 on that occasion.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Cardano has broken a monthly support!Support in the range of $0.305-$0.310 was considered for Cardano, where the price is still located. Positive divergences are observed on the RSI indicator. Also, due to the formation of the horizontal zone on the Ichimoku indicator cloud, there is a possibility that the price will return from this support level. But you should note that Cardano has broken monthly support, but if it can return above the $0.35 range this month, it is more likely that the break is fake, and the price will remain at the monthly support level. Buyers' short-term resistances and targets are in the range of $0.340-0.347; the second target is in the range of $0.360-0.370 and can be short-term profit-saving ranges. Note that the first resistance is the same as the midline of the main descending channel.
Cardano's price reacted positively to its support!ADA had a range trend during the last week. Cardano's price reacted positively to this support area after returning above the $0.305 range. But the price trend of Cardano in the 4-hour period is still a range. There is a linear resistance at $0.32, a break of which could provide a continuation of short-term upside for Cardano to the $0.340-$0.350 range. As long as the support indicated on the chart holds, Cardano has the potential to rise in price for the coming week. The $0.32 line resistance has also been associated with reaction several times.
Therefore, breaking it into the 4-hour timeframe can provide continued short-term growth. On the higher time frame, with Cardano's monthly support broken, the overall trend is bearish until the price fully returns above the $0.37 range. The RSI indicator forms positive divergences, which can signify a trend reversal, at least in the lower time frames. It should be noted that there is still a possibility of breaking the monthly support into higher timeframes. Therefore, purchases can be short-term.
ADAUSDT $36c Likely on PhoenixAscendingHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a short term overview on what we can expect for the price of Cardano for the immediate term. Technical indicator Phoenix Ascending together with Bollinger Bands point towards a potential $0.36c, as we see the RSI and EMA moving up with bullish buying momentum in the short term. IF the green EMA can cross over the 50 line, we can expect movement towards the basis of the bollinger bands, even if it is just a wick. The basis is the 20d moving average currently at $0.36.
However, currently with all the bankruptcy happening in the crypto environment, the markets do not look favorable for a new bull cycle, so I expect a resistance zone here. The next immanent support zone is around 0.22c, where there is a high demand zone and this is where I expect a bottom for ADAUSDT to be found.
Curious about what Decembers hold for Bitcoin historically? Check out this idea:
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The point to break out of the downtrend is...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(ADABTC 1W chart)
If supported in the 0.0000 1593 ~ 0.0000 1944 section, it is expected to gather the power of the rise.
If this is not the case and falls below 0.0000 1593, the uptrend is expected to drop sharply.
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(ADAUSDT 1W Chart)
The key question is whether it can rise to the 0.5184-0.6834 range.
To do so, we need to hold the price above 0.2772 and see if it can rise.
(1D chart)
The key is whether the price can sustain the move above 0.3321 to break out of the downtrend channel.
Once it breaks out of the downtrend channel, we need to see if it moves above 0.3974 and prepares to continue the uptrend.
If it does not, and it falls below 0.2772, there is a possibility of entering long-term investment territory, so you need to think about how to respond.
The next period of volatility is around December 5th.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Mid-term bearish channel!ADA has hit the bottom of its mid-term bearish channel at $0.30 over the past week after continuing its downward trend, and with a market-wide pullback, Cardano has also been supported, giving it a 7% gain. The bottom line is that mid-term and long-term sellers' strength is still high, and price reaction to resistance levels is still possible. In the 4-hour time frame, there is a past resistance for Cardano, which is in the $0.340-$0.350 range.
Until this level is broken, the short-term trend cannot be bullish. But the price growth can continue up to the range of $0.345. After that, there is a possibility that the price will enter a range area in the 4-hour time frame. If Cardano breaks the resistance of the $0.370 range, it can grow up to the ceiling of the descending channel at the price of $0.420 to $0.440.
ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022
This week, we will stick to the 4-hour time frame to analyze the price action in detail!
The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday.
Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34.
The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit!
Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance.
The important price levels for this week are $0.34 and $0.38!