#adaAda recently bounce back from falling Chanel support and confirm the break out
Its good chance to take long entry.
Target is $0.4640
#NFA
#DYOR
ADAUSDT.PS trade ideas
Cardano is trying to hold it's supportCardano's price is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger a strong upward move, while failure might lead to a decline towards key support levels at $0.3652 and $0.3611. Currently trading around $0.3890, Cardano is trying to hold support after rebounding from the $0.3611 discount area, indicating a short-term upward trend.
Cardano (ADA): Breaking Down Step - By - Step!Cardano has finally broken that liquidity zone after multiple re-tests of the local branch of EMAs.
As we have broken the local support zone in the form of a liquidity line, we are looking for our target zone to be reached within a week or two, so keep your eyes open for any sharp moves that we might encounter!
Swallow Team
ADA ADA failed in order block (1). So ADA moved up side. Currently took the Inducement (💎). But ADA mitigated order block (a&b). This order block was small resistance zone. It's indicating some down side move possible.
Order block (2&3) was next support zone.
ADA Bullish div on dailyNot just looking like a bottom here, also fundamentals are better and better. Lot of FUD during this last weeks, CARDANO is the better blockchain team takes whatever time needs to get things right at the first time.
MACD also crossing to the upside.
ADA to $1.20I believe it's possible ADA has now bottomed, as we can see the bright green dot indicator on Vumanchu B has been a reliable indication of a bottom. Short term or long term bottom depending on the broader trend.
Besides the obviously large dump, and also large deviation from many moving averages (not shown in chart) - combined with the fact that ADA is amongst the most shorted cryptocurrencies right now. I believe it's possible we will see another uptrend towards $1.20 the coming months, given that BTC also acts accordingly.
ADAUSDT 2D#ADA has formed a falling wedge pattern on the 2-day chart. Wait for a breakout from the falling wedge pattern and the MA200 before entering this coin. The targets are:
$0.4644
$0.5305
$0.5840
$0.6374
$0.7135
$0.8104
ADAUSDT Elliott wave countCardano may find support into 0.618 fib retracement of wave ((1)) ending a complex correction started from 0.8104.
Price must clear 0.49 level before we may declare an end of the correction at 0.3575.
Also oscillators are showing bullish divergence that may signal a potential shift of the trend.
Strong Bearish Momentum on CardanoHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.3870 zone, Cardano is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.3870 support and resistance area.
Trade safe, Joe.
ADAUSDTADAUSDT.
Will ADAUSDT get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 0.4 followed by 0.4500
What you guys think of this idea?
I think ADA will continue to grow.After long declines and reaching its price floor, it is now on good support and I think it will grow, slowly. Of course, according to the market and the price of Bitcoin, it seems that in this situation, the range of Bitcoin Ada has good growth, it is experiencing, and it appears that it will experience much sharper increase in the future.
Will Cardano's downtrend end?📊 Due to the reduction of selling pressure in the market, if the range of 0.400 units is broken upwards and the price stabilizes above it, the price may increase to the range of 0.415 🎯and in the case of the strength of the range of 0.435 units🎯🎯.
📊 Otherwise, the price may fall to the range of 0.375 units.
ADAUSDT.1DIn this technical analysis of the ADA/USDT daily chart, I'll delve into the current price trends, identify key technical levels, and analyze the implications of the observed indicators to project potential future price movements.
Key Observations:
Current Price and Movement:
ADA/USDT is currently trading at $0.3876, marking an increase of 3.09% today. This movement indicates a positive sentiment in the short term.
Support and Resistance Levels:
R1 (Resistance Level 1): $0.3606 - This level has just been surpassed, suggesting it might now act as a support if ADA maintains above it.
R2 (Resistance Level 2): $0.5263 - Represents the next significant resistance, a breach of which could confirm a bullish trend.
S1 (Support Level 1): $0.2255 - This is a critical support level, providing a floor for the current price.
S2 (Support Level 2): Not specifically marked but would be relevant if S1 fails to hold.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating a bullish momentum, though the proximity of the lines suggests caution as momentum is not strongly bullish.
RSI (Relative Strength Index): At 37.52, the RSI is approaching the lower bound of the neutral zone, indicating that ADA is neither overbought nor oversold but is moving towards potentially being undervalued.
Analysis and Conclusion:
The recent price increase in ADA/USDT, alongside the MACD positioning above the signal line, points towards a growing bullish sentiment. Having surpassed R1 at $0.3606, maintaining this level will be crucial for ADA to attempt a rally towards the higher resistance at R2 ($0.5263). The slight rise in RSI also supports the possibility of further upward movement, provided that ADA remains stable or grows in buying volume.
Investors and traders should watch how ADA behaves around the newly established support at R1. A failure to hold above this level could see ADA retracing towards S1 at $0.2255, especially if broader market conditions turn unfavorable. Conversely, sustained positive momentum could see ADA targeting R2 in the upcoming sessions.
In summary, ADA/USDT shows signs of recovery and bullish potential, with critical watch points at R1 for potential support and R2 for resistance. As always, traders should employ prudent risk management strategies, keeping an eye on broader market trends and news that could impact the cryptocurrency's price dynamics.
Ada usdt long.......I can long ada/usdt bases my analysis so please tell all the friends i am right or not..
ADA ADA mitigating orderblock (1) to upside and mitigating orderblock (2) to some downside. ADA struggling to moving further movements.
ADA not creating any proper price action. Still waiting for some time to understanding the market price action.
✴️ Cardano (ADA) Lower Low 25-50% Drop Before Bullish WaveWe have an interesting situation with Cardano, one of the pairs that we've been trading for many years (ADAUSDT). Have you been trading ADA for a long time as well?
See this bearish harmonic pattern:
This is a common pattern and easy to spot and it is also quite accurate, it tends to be successful most of the time.
The interesting situation here is that we have two main levels:
➖ One is equal to a 25% drop and the other one a 50% drop.
I would love to say that the first level would be the correction low based on a long-term bullish bias for the entire market and, hope, but, that is not what I am saying.
👉 Going through past experiences, it always end up being the worst possible when it comes to these Crypto pairs. Meaning, we have to prepare for the lower level to be tested before the major bullish wave.
Both levels can be easily spotted on the chart.
➖ One can profit from the down-wave through a SHORT.
➖ Or one can wait for a support level to be established and once this happens buy and hold spot, or go LONG.
➖ We can also do both but this requires a huge amount of patience, focus and mind control. Can you do it?
Daily trading volume, bear or bull, has been decreasing since early December 2023; more than five months, as prices move lower and lower but still a lower low is likely on the way.
Thank you for reading.
You can show your support, if you want to see more trade ideas, by boosting and leaving a comment.
You are appreciated...
Now & Always.
Thanks a lot for your continued support.
Namaste.
Best buy for $ADA (Cardano) before $36CRYPTOCAP:ADA create a rissing channel and make a new cycle and possible to touch $36 in the next bull season.
This time is a best time to buy for CRYPTOCAP:ADA at around $0.3836 - $0.3600
Buy and hold !!!
ADA Swing long idea The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as technical confluence, reinforces confidence in the long bias.
In navigating the upward trajectory, traders should identify and monitor key horizontal levels, which may serve as profit-taking opportunities. Concurrently, the implementation of risk management is imperative to mitigate downside exposure.
ADAUSDTADA analysis
Daily and 4-hour time frame
ADA is near daily support. The price can move up and grow at least 50% after hitting the 4-hour support, which is inside the daily support.
For a long-term hold, the price is a very good place and you can set much higher goals for this currency
The price plunged significantlyCardano tried to hold the support level but failed, resulting in a close below it. After a retest, the price plunged significantly. Currently, the price is near the support area around $0.35, which could be the next key area to watch.
Cardano (ADA):Multiple Rejections From EMAs / Breakdown IncomingCardano has made a good movement after having multiple successful re-tests of that 200EMA, where each one of them gave more and more confirmations of the seller's dominance.
With that being said, we are now back at the liquidity grab zone, which is also a smaller support. Upon breaking it, we should see a really good downward movement here!
Swallow Team
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below.
And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer.
As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$.
Happy to hear your thoughts
ADAUSDT Bearish ForecastHello there,
ADAUSDT dropped to support area 0.4439 then went above the 36-DEMA formed a higher low above it and high above the previous high of 0.4536 and the current candle seems bullish above this previous high.
I expect the price to go up to reach the 0.4800 supply area, where it will likely be rejected from that area, and then drop to 0.3836 with two price targets.
Happy Trading,
K.
