ADA / Cardano - Shorting Opportunity coming ?!ADA looks very bearish, if a breakdown happens in the next few hours, I'm gonna take it.
We may have to take 1-2 entries if a fake breakdown happens at first. But do wait for a proper pattern on each and every entry, and market will bless you with reward ✌
Adausdtrade
ADA/USDT TRADE SETUP! READY TO PUMP 50%Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #ADA/USDT
ENTRY: CMP and add more up to $0.44
SELL- 50%
STOP LOSS: $0.43
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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ADAUSDT 1D Conditions and price zones to buy CardanoThe cryptocurrency market is at a crossroads. While some are tired of the fall of cryptocurrencies, and FUD only adds fuel to the fire in order to sell off their assets and forget about the crypto, others regularly bribe different crypto at levels.
Today, we created an idea with a fractal of the possible behavior of the BTCUSDT price in 2022.
And as we know, in 90+% of cases, the entire crypto market is oriented precisely on this trading pair, where to move next.
- If the price of ADAUSDT trades above $0.43 in the near future, the consolidation may last all summer. However, already in the fall, growth may begin to the area of a strong mirror level - $1
- Fixing the ADAUSD price below $0.43 will pave the way for a further drop of at least -30% to the $0.28-0.31 area
Therefore, you should carefully monitor the market and trading conditions before entering a position.
Globally, the Cardano token still looks and behaves quite well compared to other altcoins. At the moment, the ADA price is above the global consolidation of $0.03-0.30, where during 2018-2020 buyers accumulated long positions before solid growth in 2021
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Cardano cryptocurrency - is it time to buy ADA ?The last time we made a global ADAUSDT forecast 5 months ago and as it turned out on the absolute price highs and roughly speaking all this time the price of ADA was fallen from $3 to $1
We tweaked the dynamic channels a bit from the previous idea and this is what we get:
On the one hand, the ADAUSD price has bought back up for the eighth time from the powerful $1-1.10 liquidity zone and organized a 50% bounce because buyers understand that this zone is critical for a global trend reversal.
On the other hand - the dynamic trend line was able to break through downwards with the 5th time and in the last days/weeks there were two retests from below for strength of this trend line and the sellers have not let the price go higher yet.
There are some rough estimates of possible price movements on the chart.
At the moment, crypto market move in flat till this time, and they will squeeze out all the juices from small participants with anarchic moves up and down, knocking out stops.
Only if the price of ADAUSDT rises above $1.75, it will be possible to buy carefully long.
In the meantime, the only thing we can say with certainty is that below $1 for Cardano token a real rapid super plunge may begin, because the chart below is empty, with no support, down to $0.35-0.40 . Of course, no one wants this development for sure, but we don't control the market. Forewarned is forearmed
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
[ALTCOIN]ADAUSDT ANALYSISNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
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#ADAUSDT Analysis
The short-term trend is upward, but it continues to fall as before.
If it breaks down again this time, it will be a short-run RBI during the retest.
If you test the blue downward trend after breaking the upward trend, it will be a long RBI.
The downtrend ADAUSD Cardano continues, when there is a rebound?From September 2021, the price of ADAUSDT is in a downward trend, moving down the channel.
An important area of customer support was the zone around $1. This strong mirror level has helped buyers keep their defense and push the price up since February 2021.
However, in February 2022, buyers finally lost control over this level, which sellers only confirmed that they now dominate the market.
We consider $0.77 to be the critical lev el for the continuation of the fall in the ADAUSD price. Fixing the ADA price below it will mean that the next shopping area is around $0.67
However, despite yesterday's heavy fall on the crypto market, you can try to catch a good, medium-term trade with a short stop and small risk.
Enter the position in the area of $0.79
Stop below $0.77 (-2.5% of entry point)
Take profit in area $1 (+ 26% of entry point)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Profit / loss ratio 10/1
ADA Long ScenarioBINANCE:ADAUSD Signal
Entry - $0.5
Target - $2
Invalidation - $0.1
Risk to reward ratio - 3.6
Technical confirmations
Price already reached 0.618 Fib zone and continue to decline.
We expect price to reach 0.786 and maybe 0.886 zones.
There's liquidity at $0.77 so it is a good target for price to continue falling.
Aroon indicator shows a strong bearish momentum on a daily timeframe and losing it's momentum on a weekly timeframe which indicates that the price is going to reverse soon.
Fundamental confirmations
Why should price reach Entry level?
ADA TVL fell from 323 to 199 million in one month.
Why should price reach Target level?
Cardano increased block size to enhance Dapp performance.
1 of top 3 coins to buy and hold for ever according to "Investorplace".
NFT and DeFi projects being built on the net.
Vasil Hardfork launch in June, 2022.
TVL rise from 822k million to 199 million since January 1, 2022.
During the Basho development phase, the ledger continues to optimize and scale for the growing demand. Along with parameter adjustments and node upgrades, Plutus capability continues to develop at a steady pace.
Disclaimer: We are expecting price to rise after the Vasil Hardfork launch.
ADA ready for a Bullish rally✅In daily timeframe, ADA is forming an inverted head and shoulder pattern, which is a very important pattern at the END of a long descending channel. The 0.618 Fibonacci support(0.93) could be ADA's last DIP. We consider the breaking of the 4-hour timeframe resistance as an important signal for BUY. Here we have the conditions for a good trade with a high risk-to-reward ratio. After a 4-hour resistance break, there is a good opportunity to buy. Then a $1 resistance breakout could be the second important buy signal for a mid-term trade.
One Week target: 1.248 (1 fib)
6-week target: 1.594 (1.618 fib) cause VASIL hard fork.
* May decline to 1.86 (0.786 Fibonacci)!
ADA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CARDANO as price shifted the market strucutre from bearish into bullish making the move above the last high (bos area) right now the price is filling all the bullish imbalances and if price reaches 0.90$ psychological area + bullish orderblock h4 i think a LONG entry would be nice.
What do you think ? Comment below...
ADA LONG HOLDADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone.
Cardano blockchain is in the actions of implementing Vasil Hard Fork in beginning of the summer (June of 2022) we already saw first stages and after every one of them being implemented price risen so as Cardano blockchains TVL. This Hard Fork implementation will allow it to deal with more dApps and improve users experience also NasdaQ has listed Cardano as one of the coins to buy and hold forever, so once this Fork will be launched in the market we should see price sky rocket.
Target 2.368
Invalidation: 0.778
Entry: 0.97