Updated

ADA Possible Movement 🤔🤔🤔🤔

Hi dear traders
The price moving in Ascending Wedge and we can see bearish divergence between price and RSI.
Volume is divergence with price.
This scenario possible for ADA movement.
Let's see what happens
This is not financial advice ( DYOR )
Good luck

Note

The price breakdown wedge and now reach first target 0.38
This area is strong support.
Let's see how it react

Trade active

The price return and retest the bottom of ascending wedge, it seems pattern confirmed.
We can open short position with appropriate stop loss. The 0.8 support area looks weak after testing it a few times and it is likely to break.
Let's see what happens.

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Tp 0.3814 hit 🎯

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Finally the price breakdown wedge and hit tp1.
Now According to the scenario we expect, the price has started a downward movement

Note

Tp 0.3492 hit 🎯

Trade closed: target reached

We take profit and close short position

Trade active

Note

The price close the middle of the Ascending channel 0.3
If breakdown this area then go down to support area.

Note

Hi dear traders
ADA reached midline of ascending channel, and support area 0.3
We can open long position with suitable R:R
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck

Trade active

Note

We got 16.2% profit from the first entry.
Save some profit now

Note

Hi dear traders
Cardano’s downtrend came to an abrupt stop this week and registered a 10% price increase. This is a significant change in the price action that was bearish a week ago.

With buyers on the offensive, it seems that the key resistance at 35 cents may not hold the price down for long, and a breakout can be expected in the coming days. The current support is found at 30 cents.

Looking ahead, ADA is turning bullish and may soon attempt to break the key resistance, which could open the way toward 38 cents next. Should that be successful, then the most significant level on the chart will be the key resistance at 42 cents.
We opened a long position at 0.3 and took profit step by step.
Our scenario is still active
Let's see what happens
Good luck

Note

Save some profit now

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The first target was achieved, we gained 27.78% from the first entry

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The price near second target 0.41 save some profit now

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Tp2 hit 🎯
We take profit 37.65% from first entery
Save some profit now

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Tp3 hit 🎯
We take profit 51.14 from first entery
Save some profit now

Note

Hi dear traders
After take profit in long position, now price moving in descending broadening wedge.
This is possible secnario to return to support area
Let's see what happens
All targets specified

Note

Tp 0.3375 hit 🎯
Save some profit now

Note

Hi dear traders
ADA rose to 0.41 resistance after reaching 0.3775.
Now the 0.37 area is very important
If this area is missed, the next targets are reachable.
Let's see what happens

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ADA in LTF
If breakdown 0.385 support area, then l expect price go down like this 👇

Let's see what happens

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Breakdown 0.385
Tp 0.3833 hit 🎯
Tp 0.3823 hit 🎯

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Next target 0.37

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Tp 0.37 hit 🎯

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Tp 0.3658 hit 🎯

Note

Tp 0.36 hit 🎯

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Tp 0.3556 hit 🎯

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Hi dear traders
ADA is returning to the range of support
We have two scenarios
1. Return from the 0.3 range
2. Reaching the 0.23 range and reaching higher targets, including the $1 range, provided this support zone is maintained.

Let's see what happens
All targets specified
This is not financial advice

Trade active

Note

First target 0.359 hit 🎯

Note

Tp 0.3483 hit 🎯

Note

Tp 0.331 hit 🎯

Trade closed: target reached

Trade active

Next target
Tp1 0.301
Tp2 0.275
Tp3 0.236

Note

Tp1 hit 🎯

Note

Tp2 hit 🎯

Note

Tp3 hit 🎯

Trade closed: target reached

Full Target
Good luck 🤗

Th57Trader

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Th57Trader