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ADA: The Rally Awaits!Hello traders, I hope you're all doing well. Here's a technical analysis of Cardano (ADA) on the weekly timeframe. ADA is currently forming a symmetrical triangle pattern and is holding the support trendline at $0.28. It must maintain this support and break above the resistance trendline. If it fails, the price could drop as low as $0.087. In the long term, ADA aims to reach its all-time high of $3.1 again, which would represent a 10x gain from the current market price. I hope this analysis helps. Please remember to conduct your own research before investing. Regards, Team Dexter.
by Dexter_The_Trader
Cardano (ADA) Analysis The price of ADA pulled back from $0.3940 and testing the support zone (Red) at $0.3524 - $0.3616. If this red support zone holds, the price could bounce from here, and then the targets are the next resistance level at $0.3940 and the next resistance zone (Green) at $0.4177 - $0.4286. If the price breaks down the support zone (Red), we might see it move to the next level at $0.3210, and further decline leads to the next support zone (Blue) at $0.2698 - $0.2770. Everything is on the chart
by TheCryptoCity
1
Ready to Move?Here we go! Things look ready to move relatively soon. -Volume decreasing linearly, usually the sign that big players have taken their profits and steered price action the way they wanted. Sets up for the next big move. - Fisher ribbons aligning, can give direction and strength of a move when combined with other tools -Volatility decreasing, a sign that a relatively large move is coming - Stochastics pointed in the positive direction with low volatility usually means price action will break that same direction -FED to cut interest rates in September Question is, what will we do if it breaks to the downside... ACCUMULATE, Seanders
KRAKEN:ADAUSDLong
by seanders_
2
Tron Overtakes Cardano: Is This the Beginning of a Bullish Run?The cryptocurrency market has been a rollercoaster in recent times, with various digital assets experiencing significant price fluctuations. In a surprising turn of events, Tron (TRX) has managed to outperform its rival, Cardano (ADA), with a remarkable price surge in the past week. This unexpected development has caught the attention of investors and analysts alike, sparking speculation about TRX's potential for further growth. One of the most compelling indicators of investor interest is the open interest, which represents the total number of outstanding derivative contracts for a particular asset. In the case of Tron, the open interest has skyrocketed by a staggering 52% in the last 24 hours. This substantial increase suggests a growing appetite for TRX among traders, potentially fueling further price appreciation. The surge in open interest could be attributed to several factors. Firstly, the recent price rally of TRX has undoubtedly attracted the attention of investors seeking outperforming assets. Secondly, the underlying fundamentals of the Tron network, such as its focus on scalability and decentralized applications (dApps), may be gaining traction among developers and users. If TRX manages to close a weekly candle above the crucial $0.15 resistance level, it could signal a significant shift in market sentiment and potentially trigger a more extended bullish trend. Breaking through this resistance would indicate strong buying pressure and could pave the way for TRX to challenge higher price levels. However, it's essential to approach this development with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While the current trends for TRX appear promising, several factors could impact its price trajectory. These include broader market conditions, regulatory developments, and the overall adoption of blockchain technology. As with any investment, conducting thorough research and due diligence is crucial before making any decisions. Investors should carefully evaluate the risks and rewards associated with TRX and consider diversifying their portfolios to manage exposure to market volatility. In conclusion, Tron's recent outperformance of Cardano and the surge in open interest have generated excitement among investors. While the potential for a bullish breakout exists, it's essential to maintain a balanced perspective and consider all factors before making investment decisions. The cryptocurrency market remains unpredictable, and staying informed about market trends and fundamental analysis is vital for navigating its complexities.
BINANCE:TRXUSDLong
by bryandowningqln
1
ADA/USDT🔍 ADA/USDT Analysis: Strategic Entry Points and Aggressive Movements Expected 📉 The ADA/USDT chart highlights key dates for traders and investors: August 17, 2024, September 1, 2024, September 12, 2024 - Green Lines: These dates signal potential local lows, offering opportunities to start building or adding to your ADA position. Early positioning here could set the stage for gains as the market moves. October 3, 2024, November 17, 2024, December 9, 2024 - Green Lines: These final three green lines are marked on the daily timeframe, suggesting that price movements could be more aggressive. Traders should be prepared for increased volatility and rapid shifts in market sentiment. January 3, 2025 - Red Line: A potential local peak, this date could be ideal for taking profits or reassessing your position before a possible market pullback. By aligning your strategy with these key dates, you can optimize your entries and capitalize on market movements in ADA. #ADA #Cardano #CryptoTrading #Cryptocurrency #MarketAnalysis #Altcoins #ADAUSDT
by trushkovskiy
(Update) !!! Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:ADAUSDT The price is at the bottom of the megaphone and at the same time it is in an ascending wedge, and after the wedge is broken, the price can grow well. Also, divergence in MACD makes this signal stronger. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
ONLY WAY IS UP - SUNDAEHear me now, the only way is up for SUNDAE. May drop down to the .004cent range but that will be a perfect buying opportunity. - current market cap is 12million - current TVL is 14.3million - Sundae Labs is already familiar with Hydra (which is under construction) but would drastically reduce fees and increase transaction speed - Governance to come - Reduced fees for SUNDAE holders to come SUPER UNDERVALUED. This will likely be a 200million DEX at minimum during the next bull run
Long
by seanders_
1
ADA - weekly is TIGHTThe moving averages are getting tighter and tighter for ADA, which typically leads to big moves. What I'd like to actually see is these get even tighter, so spending another month or two in this .45 - .60 cent region will actually lead to a bigger move long term. PRICE TARGET $1.25-1.75 AUG-NOV timeframe. What I expect to see is BTC shoot up to 83k in the next couple weeks, then 125k after that. I expect a big blow off top for BTC towards the end of the year. ADA will not keep up in that time frame. After BTC's high, then it will be alt season. Thats when I expect ADA to potentially make new highs, but I am not too optimistic about that this cycle. If you like to look at other instances of this set up, look at BTC and ETH weekly moving averages back in October of 2023. The majority of the moving averages were within a 7% spread. ADA is currently around 14% spread.
KRAKEN:ADAUSDLong
by seanders_
2
ACCUMULATE ADA - 5daySeems time to accumulate CRYPTO:ADAUSD if you are in the know about Cardano. - Fisher Transform Indication bands need to align themselves. - Price will bounce around tightly packed moving averages between .32 cents and .44 cents. - Price breakout to occur early Aug to early September. - Volume structure also indicates this breakout. - Historical volatility also on the decline which also reinforces this breakout period. ACCUMULATE, seanders not financial advise
KRAKEN:ADAUSDLong
by seanders_
2
ADA buy📊Analysis by AhmadArz : ADAUSDT Support and Resistance Levels: Support Level: The horizontal line at the bottom of the chart around $0.3199 🛡️. Resistance Level: The horizontal line at the top of the chart around $0.4101 🛡️. Time Range: The chart includes price data from approximately June 10th to July 11th 📅. Entry and Exit Points: Entry Point: The short horizontal line near the $0.3700 price indicates the entry point for the trade 🚀. Take Profit (TP) Levels: TP-1: $0.3700 🥇 TP-2: $0.3863 🥈 TP-3: $0.4037 🥉 Stop Loss: $0.3436 ❌ Expected Price Ranges: Green Zone: The area where the price is expected to move upwards to reach the take profit levels 📈. Red Zone: The area indicating where the trade will be stopped out if the price moves down to the stop loss level 📉. Black Arrows: The arrows highlight significant price movements and key points that might indicate a trend reversal or continuation 🔄. This chart suggests that the price of ADA is expected to move within the specified range (green zone) and reach the take profit levels (TP). If the price drops to the stop loss (red zone), the trade will be stopped.
Long
by ahmadarz
ADA/USD secondary trend. Wedge. Mirror level.Local trading situation. A wedge is being formed. The price is at its resistance. Local targets in case of a breakout, as well as in case of further formation of a wedge in the zone of previous accumulation (redistribution is more correct). It is also worth noting that the price is also near the accumulation - redistribution range (the average price of the set is highlighted in green). This redistribution zone is accumulation on a larger scale of the chart Main trend. 1 month ADA/USD Main trend
Long
by SpartaBTC
5
ADA/USD Main trendThe main trend (to understand where the price is and what is the general trend). Logarithm. Timeframe 1 month. Price in a secondary downtrend is approaching a mirror support level (marked in yellow, former resistance). Against the dollar on the monthly timeframe, there is now a large bowl with a handle, which I have displayed on this chart. Pump/dump news. Cardano's developers have activated the Vasil hard fork on the testnet. The Vasil hard fork was successfully completed on the Cardano testnet. Vasil will enable faster block generation and increase the scalability of decentralized applications (DApps) powered by Cardano. Vasil is expected to launch on the mainnet in about a month. In other words, if the market allows, then in about 1 month a local pumping (trend reversal) is planned, if the market is sluggish, then Vasil will be canceled for some far-fetched reasons or the event will not be widely advertised. Remember when the US congressional elections. The same parameters on the line graph. Secondary trend. Downlink zone. Timeframe 3 days. ADA/USD Secondary trend. Local trading situation Timeframe 1 days. ADA/USD Local trading situation
by SpartaBTC
17