ADA: buying opportunities comingIf we assume crypto markets overall are out of the bear market, then June 2023 low should be it for ADA. Since then, it seems to be forming some kind of a leading diagonal. Leading diagonal structures are painfully corrective and designed to keep people out of accumulation phase. So, if it is in fact, a leading diagonal structure, then we should see some heavy downturns for Minute wave 4 and then the minor wave 2 back to mid to low 20 cent range. And like always most will stay out of buying, as they will think it is going sub 10 cents. For me, the math is pretty straight forward. I will buy the dips every time it is sub 30 cents with a stop loss at 23 cents. Because if the leading diagonal is invalid, breaching 23 cents will confirm it and price would head back sub 10 cents. For me, this will be a good risk/reward long term play for now.
Adausd
ADA perspective for short - med termThis is not a signal to buy/sell. NFA
We see the price nowdays are way harder than usual to analyze, "big boys" wont be easy because of sentiment #etf and #halving2024. They'll and still manipulating the price because they wanna control it.
Dont be fanatic or being bullboy, this price has been abnormal hiking without any healthy correction. Better to stay away and dont be FOMO! Or those "big boys" just laughing and enjoying your money.
Good luck, Smart Trader!
Cardano is failing at 0.4. I'm looking to sellIn my previous analysis of ADA/USDT, I highlighted that as long as Cardano maintains support above the 0.24 zone, there's a strong likelihood of a reversal towards the range's resistance at the 0.4 zone. Recent optimism in the crypto market has indeed facilitated this movement, with the coin witnessing an approximate 60% surge over the past month.
However, the overall structure for ADA remains range-bound and not decisively bullish. Therefore, a potential retracement could be on the horizon. My strategy is looking for opportunities to sell on any spikes above 0.4, targeting a drop back to the 0.3 level, with a rise above 0.42 negating this outlook.
ADA Going to $0.32? Head and Shoulders Pattern Appearing!ADA is currently in a fanning bull channel, meaning the support and resistance lines "fan out" or widen as the trend continues. The final bull push happened at the head of the head and shoulders pattern, signaling the end of the trend. The right shoulder is currently forming and once the price falls to the channel support, could mean Cardano falls to at least $0.30.
How do we trade this?
The probability of profit is always greater trading with the trend, but we have a reversal pattern playing out which brings us pause entering in a long. Bitcoin, a leading indicator of the crypto market, is stalling in price and pulling back. My recent 4HR and Weekly analysis depicts Bitcoin's fate, which shows a falling price. This could hinder ADA from climbing in price, so we need to see what happens when it comes in contact with the trend support line around $0.36.
If we see a bull signal bar (strong bull bar closing near its high with a tail 1/3 to 1/2 the size of the bar) followed by a strong bull confirmation bar (large bull bar closing on or near its high), then we have a long signal.
If ADA has a bear bar closing below the channel support followed by a failed attempt to come back into the channel (confirmation), then it is reasonable to short to the 4HR 200EMA around $0.32.
Key Points
1. Fanning Bull Channel: Price swings increase as the trend continues, probability of profit is higher when longing
2. Potential Head and Shoulders Forming, a reversal pattern that should bring pause when wanting to enter a long
3. Bitcoin is a Leading Indicator, the Risk of Pullback, could hinder ADA's ability to climb
4. RSI has Room to Fall. A weak indicator on its own, but supports #2 and #3
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Above 0.3808, full-fledged upward trend beginsHello traders!
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(ADAUSDT chart)
The chart showing the same movement as the current ADA is ambiguous.
The reason is that if you look at the 1D chart or 1W chart, they are showing an upward trend no matter what anyone says.
So, you would expect it to be on the rise, but looking at the 1M chart you can see that's not the case.
(1W chart)
If you look closely at the chart, you can see that it is not in an upward trend, but is just trying to break out of the bottom.
Therefore, it can be said that the upward trend is likely to begin only when the price rises above 0.3808 and is maintained.
(1D chart)
Looking at the 1D chart in a narrow range, it seems that it is showing a tremendous upward trend.
Therefore, looking at the current movement, it may seem that the price is about to turn to the downside.
Therefore, even if it rises above 0.3824 and shows support, you are too scared to buy it and just look at it.
As you can see from the 1M chart and 1W chart, these charts are just showing signs of breaking out of the bottom section.
Therefore, it is time to buy when it rises above 0.3808 and shows support.
If you wait for fear that the price will fall further when it is at the bottom, and wait for the price to start falling when it rises to a critical point, you will inevitably end up buying at a bad purchase price.
Therefore, you need to make aggressive purchases with an investment proportion that does not cause psychological damage, watch and respond.
In a rising market, you should look for an opportunity to buy when the 1D chart is a falling candle, and in a falling market, you should look for an opportunity to sell when the 1D chart is a rising candle.
Therefore, in a rising market, you should buy when there is a pull back pattern, and in a falling market, you should buy through a breakout trade.
Based on these basic trading strategies, you must create a trading strategy that suits you and start trading.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Crypto Forecast: ADA ☀️ 24 Hours; Correction in 1 WeekClouds lie ahead for the global crypto market, including Bitcoin and Ether in the next 24 hours, translating to a slightly bearish trend. ☁️ Altcoins Cardano, Dogecoin, Polygon, and Chainlink, however, enjoy bullish sunshine.
Over a one-week horizon, the ☀️ bullish sun will return for both Bitcoin and Ether. Yet, cloudier bearish trading conditions will prevail over Ripple’s XRP, Cardano, Binance Coin, and Polkadot. ☁️
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CARDANO PRICE PREDICTION 2023-2032: IS ADA A GOOD INVESTMENT?CARDANO PRICE PREDICTION 2023-2032: IS ADA A GOOD INVESTMENT?
Cardano Price Predictions 2023-2032
Cardano Price Prediction 2023 – up to $0.37
Cardano Price Prediction 2026 – up to $1.30
Cardano Price Prediction 2029 – up to $4.17
Cardano Price Prediction 2032 – up to $12.87
Cardano stands out as a project with remarkable potential beyond its role as a tradable asset. Rooted in scholarly peer-reviewed research, it has cultivated a robust community over time. Here, we delve into the essence of Cardano and offer a projection for the future value of ADA.
How much is ADA worth?
The live Cardano price today is $0.3906 with a 24-hour trading volume of $524,566,095. Cardano is up 0.91% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $13,707,615,190. It has a circulating supply of 35,268,531,003 ADA coins and a max. supply of 45,000,000,000 ADA coins.
Cardno price analysis: ADA surges to $0.3906 as bullish momentum resurges
TL; DR Break down
Cardano price analysis shows a positive trend in the cryptocurrency market.
The digital asset’s price has surged more than 0.91% over the past 24 hours.
ADA price trades in a range of $0.3716- $0.3944.
The Dollar Shop💵: ADA, FTM, CTXCHi Traders, Investors and Speculators of Charts📈📉
I'll be making a series on altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
Incase you missed the previous one, find it here :
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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ADA ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA vs ETH : Which is Better Buy ?Hi Traders, Investors and Speculators of Charts📈📉
Both Cardano and ETH have massive followings. When ADA was released, many argued it was going to be the "ETH killer" . (Don't shoot the messenger now).
But today's analysis is not going to be about fundamentals, or arguing which coin is better than which... instead, we're going to take a look at which coin has the most upside potential for the next bullish cycle. ADA or ETH? And also, what is the risk-reward?
First, let's take a look at SHORT TERM zones:
It's important to note that during the last bearish cycle, ETH lost 80% of it's ATH whilst ADA lost just over 91%, meaning that ADA falls much harder than ETH.
In the DAILY / also SHORT TERM / we see that ETH is ready to proclaim a new bullish cycle, but ADA not yet as ADA struggles to capture the 200d Moving averages:
From the weekly perspective, ETH is just about to reclaim all Moving Averages as support, but Cardano is lagging behind, still trading under the 50d MA (technically from a moving averages perspective, still bearish).
And finally, from a macro perspective logarithmic chart, ADA has yet to reclaim the 0.618 Fibonacci Log Channel, whilst ETH is already trading on top of it.
With all of the above said, there is a clear distinction that we can make between the two trades : ETH is a safer bet then ADA, but ADA has much more upside potential then ETH. This is where you need to decide what your appetite is for risk. ETH has a lower risk medium reward setup, and ADA has a high risk high reward setup.
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☁️ ADA 24-Hr Outlook: Bearish Trend Ahead, Downside Risk? Mixed trading conditions on the global crypto market in the next 24 hours. 🌦️ Cloudy bearish trading conditions ☁️ lie ahead for Bitcoin, Ripple’s XRP, Cardano, and Binance Coin, while ☀️ sunny bullish conditions lie ahead for Ether, Litecoin, and Dogecoin.
Over a one-week horizon, the ☀️ sun will shine over the entire crypto sphere, indicating strong upside potential. Only Polkadot is set to face a ☁️ cloudy bearish trend, as ATTMO shows.
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Get Ahead of the Game with Cardano: Target Predicted to Hit $0.5As we've witnessed Cardano's consistent growth and development in the crypto market, now is the perfect time to make a move and consider going long on ADA. With such a promising target in sight, this is the opportunity you can't afford to miss out on! 🌟
Cardano's impressive fundamentals, including its advanced smart contract capabilities and sustainable proof-of-stake mechanism, have attracted a significant number of enthusiasts and investors. The Cardano community is thriving, and the project continues to show remarkable progress under the guidance of its visionary team led by Charles Hoskinson.
By getting in now, you not only seize the chance to potentially profit from Cardano's upward trajectory but also become part of an innovative ecosystem that aims to revolutionize the way we build and utilize blockchain technology. With its continuous advancements and partnerships, Cardano is shaping up to be a game-changer in the crypto landscape.
So, are you ready to embark on this exciting journey with us? Take action today and consider going long on Cardano (ADA)! Keep a close eye on the market developments, leverage market analysis tools, and consult with fellow traders to make an informed decision.
Remember, in the world of trading, opportunities come and go, but a carefully calculated move can set you apart from the rest. Make the most of this moment and position yourself strategically.
Together, let's ride the wave of success with Cardano! Don't wait for the target price of $0.50 to become a reality without you!
Below 0.2441 : Entering the bottom sectionHello?
Hello traders!
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Please also click “Boost”.
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(ADAUSDT chart)
The key is whether the price can be maintained above 0.1720 and rise above 0.2974.
(1D chart)
Falling from the current position could mean falling to the bottom, so a countermeasure is needed.
Accordingly, the key is whether it can receive support and rise in the box range of 0.2441-0.2580.
If this is not possible and the price falls and shows resistance, a stop loss is necessary.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Cardano Weekly ChartADA/USDT Fibonacci Support/Resistance Levels.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Cardano Price Surges by 10% in Just 2 Days!Cardano (ADA) has experienced a phenomenal surge, with its price skyrocketing by a remarkable 10% in just two days!
The Cardano community has been buzzing with anticipation, and this recent surge has certainly exceeded our expectations. As a trader, it's crucial to stay informed and capitalize on these exciting opportunities. That's why I wanted to reach out to you and share this thrilling development.
Now, let's talk strategy. With Cardano's recent surge, it's essential to keep a close eye on its movements. As you may already know, Cardano has been steadily climbing, and it's currently approaching a significant milestone: the 100-day simple moving average. This is a crucial indicator that can provide valuable insights into the market sentiment and potential future price movements.
Here's where the call-to-action comes in: I strongly encourage you to consider going long on Cardano once it successfully passes through the 100-day simple moving average. This could be a game-changing moment for ADA, and you don't want to miss out on potential gains!
By taking advantage of this opportunity, you position yourself to benefit from the upward momentum that Cardano has been building. The recent surge is a clear indication of its potential, and with the right strategy, you can ride the wave of success along with it.
Remember, successful trading requires careful analysis and strategic decision-making. Keep a close eye on Cardano's movements, study the charts, and make an informed decision when the time is right. Timing is everything in the world of trading, and this could be the perfect moment to seize the potential that Cardano holds.
So, get ready, traders! Cardano's recent price surge is a testament to its growing strength, and it's time to capitalize on this exciting development. Keep a watchful eye on ADA as it approaches the 100-day simple moving average, and when the time is right, consider going long to maximize your potential gains.
BTC & ADA Face a Threatening Cloudy Forecast ☁️ Time to Sell? 🌦️ The global crypto market still has upside potential according to ATTMO, which forecasts slightly bullish trading conditions in the next 24 hours. Binance Coin bucks this positive trend, facing cloudier ☁️ bearish trading conditions.
Over a one-week horizon, Bitcoin and Cardano, are set to face an imminent market correction. A bullish ☀️ sun will, however, continue to shine over Ethereum, Ripple’s XRP and Avalanche over this longer time horizon. Litecoin, Polygon and Uniswap are set to head lower, as they face slightly bearish ☁️ clouds.
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