ADA exits the ascending channel to the $1 KEY POINTFollowing the negative news published by the Federal Reserve and due to their anti inflationary policy, it is likely that short-term prices will fall in the markets. Technically, ADA has started a downtrend after forming the DOUBLE TOP pattern at 1.25 and exited its ascending channel. probably supply will continue because the trading volume has not increased significantly at current prices. After the weak support of 1.08, I expect the bearish rally continue to the key range of $1. If macroeconomic conditions worsen, the price of 0.930, which is at 0.618 Fibonacci, is the most important support for ADA.
Adausdtrade
ADA LONG SETUPMarket just finished 1-5 Elliot Wave pattern and we are supposed to get an ABC in the opposite side, we just broke bearish trendline and price started consolidating at 1,216 zone, which is 0,5 fib zone of the last (5) Elliot wave, that's why we are forcasting that this zone is A point of an ABC correction.
Entry: 0,976 ( 0,5 fib zone of an A correction wave, institutional candle zone)
Invalidation: 0,835 (Recent low below buy zone)
Target 1: 1,836 (Bottom of an institutional candle zone which is visible in 4h time frame, 0,5 zone of the whole bearish trend)
Target 2: 2,377 ( Liquidity zone formed by a market while moving downwards)
R/R Ratio To Target 1: 6
R/R Ratio To Target 2: 10
ADA/USDT TRADE SETUP! READY TO PUMP 100% Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #ADA/USDT breakout this big descending channel pattern.
ENTRY: CMP and add more up to $1.121
SELL- 100%
STOP LOSS: $1
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
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Cardano fantastic Cup & HandlesHello dear friends...
i was looking at ADAUSDT chart and saw triple cup & handles. 1st and 2nd hit their targets. now i'm waiting for confirmation to enter long position.
Target is shown on chart.
Please share the patterns you see in the chart with me and ask your questions in comments.
CARDANO LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ADA CARDANO, i closed the profits from last weekend. I want to go LONG on this coin but only when price retraces back to fill the bullish imbalances a nice LONG entry area would be 1.0$ or 0.90$ bullish orderblock d1 + imbalance.
What do you think Where we go next ?
ADAUSDT | The best target to climb🏹Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is formed in a zigzag pattern and this zigzag a and b waves are terminated.
Wave a is formed in an almost normal structure and wave b is temporally unbalanced.
Anyway, now we assume that we are inside wave c. This wave c will be in the form of a leading triangle according to the pattern it has formed. This progress triangle completes waves 1 and 2, and another drop is probably underway to complete wave 3.
Then we will climb for wave 4 to the upper side of the channel and descend again for wave 5.
The final target of correction is around the price of 0.500 and we will consider the beginning of the climb as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Trading opportunity in ADAUSDTCardano ADAUSDT , a triangle is formed and after breaking the pattern, we expect to reach the target drawn in the chart.
Note : The probability of short-term downtrend is higher based on price action factors
We hope it is profitable for you ❤️
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ADA/USDT : On the verge of break down ! BINANCE:ADAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
$ADA is on the verge of closing the first candle below $1 in last 1 year.
The last candle closes below $1 was happened on 24th Feb 2021 and now almost after a year; $ADA is again going to have a candle close below $1 !
However there was dipper shadows into $0.9's channel; But the wasn't any candle closes below $1 that's the big deal of bearish bias on $ADA.
I would personally rather to wait for a rejection below $0.9 to SHORT the wave into $0.45's support zone.
But it's also possible to have a taste after the confirmation below $1...
🔴 Have to mention that the majority into micro time-frame is programmed as a pull-back in $46500's NPOC as final retest; So every break below $0.9 could get invalidated as a deviation.
This could be the reason for us to ride our horses much slower into SHORTs for now...
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ADAUSDT | The best scenario for climbing📝Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is formed in a zigzag pattern and from this zigzag the a and b waves are terminated.
Wave a is composed of an almost normal structure and wave b is temporally unbalanced.
Anyway, now we are likely to be inside wave c, wave c will be in the form of a leading triangle according to the pattern it forms, this leading triangle completes waves 1 and 2, and to complete wave 3 there will probably be another decline, and as long as the range Do not break 1.357, the probability of this decline will be.
Then we will climb for wave 4 to the upper side of the channel and descend again for wave 5.
We know the final target of the correction is around the price of 0.750 and we will consider the beginning of the climb as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
ADA USDT SHORT WHEN THE TIME IS COME
I see a potential Short in ADAUSDT @ $1.15. there is a good short position for someone who loves the bearish moments.
with a target of $ 0.97 - 1.01.
You can use x5 leverage. with a stop loss position if the red box is broken.
Leave a comment down below if you wanna discuss it.
ADAUSDT | The best scenario for climbing📝Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is a zigzag composed of this zigzag of waves a and b.
Wave a is formed in an almost normal structure and wave b is temporally unbalanced.
Anyway, now we are likely to be inside wave c, wave c will be in the form of a leading triangle according to the pattern it forms. We will have a canal roof and a descent again for wave 5.
The final target of correction is around the price of 0.800 and the beginning of the climb is known as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
ADA/USDT 1 DAY UPDATEWelcome to this quick ADA/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ADA/USDT triangle pattern create
Entry:- 1$, 1.11$,
Traget:-
T1:- 1.67$,
T2:- 1.99$
T3:- 2.21$
T4:- 2.69$
T5:- 2.96$
Stoploss:- .70$
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ADAUSDADA/USD fell to nearly 91 cents during the past weekend. Although a reversal higher was accomplished and a high of nearly 1.170000 was seen on Sunday, ADA/USD has again fallen under the duress of strong headwinds. Cardano is trading in correlation to the broad cryptocurrency market which continues to show a lot of nervous sentiment.
A troubling indicator for ADA/USD is that it is trading below its lower prices seen in June and July of 2021. The technical fact that Cardano is a lower value now, after falling to the values seen during June and July after achieving its highs in mid-May of last year are cause for alarm. The reason for this is that after the over exuberant bubble popped last spring, ADA/USD was able to find a level of support in June and July, and then actually achieve all-time record values in early September of 2021 over 3.000000 per token.
The ability of ADA/USD to crash below the June and July support levels, after achieving the record highs of this past September shows the current massive selloff is greater than the selloff seen late last spring and into the summer. As of this writing, ADA/USD is hovering near the 1.000000 mark and this may be considered a strong barometer short term for Cardano. However, the token has traded beneath this depth only a few days ago.
If ADA/USD is able to sustain a value below the 1.000000 juncture traders will need to consider the potential that Cardano may be ready to test values not seen since the second week of February of 2021. The current price range that ADA/USD is traversing is dangerous because if the current values are not able to be sustained and February prices from last year are seriously challenged, then ADA/USD could test the electric fast conditions which saw it climb in value from nearly 40 cents at the end of last January until hitting the one dollar per token value in the third week of February 2021.
ADA/USD remains stuck in a bad bearish trend. Traders who are tempted to believe ADA/USD has been oversold and remain optimistic about upwards momentum are urged to use stop losses if they want to wager against the prevailing trend and look for upside.
Speculators who want to sell ADA/USD cannot be blamed, but they may want to use quick hitting take profit orders so profits do not vanish via reversals which go against their short positions. ADA/USD is volatile and risk management is crucial. Traders who decide to speculate on Cardano under the present conditions need to remain realistic about their price targets.