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ADA-USDT

🔥 ADA Further Drop ExpectedA couple of days ago I made an analysis on ADA and the expected future price movement. Take a look for reference: As expected, the price reached the minor support area, broke out under it and went back inside to consolidate. With the current crypto outlook being quite bearish, I'm expecting ADA to drop further in the coming few days. Ideally, we'd see a quick drop towards $1 with a strong reversal after that. I'm eyeballing the red area for potential entries. Happy trading!
Short
by FieryTrading
21
🔥 ADA Bearish Head & Shoulders Break OutA week ago I made a bearish analysis on ADA. Please check out the post below for a nice overview of the previous signal: After making a minor reversal from $1.30, it appears that ADA is finally ready to go lower. During the $1.30 bounce, a nice head and shoulders pattern has emerged, making the near future look even more bearish. I'm expecting a fall to at least the $1.20 area, potentially even lower towards the red area of major support. The red area would be a great opportunity to trade a quick reversal. Happy trading!
Short
by FieryTrading
16
🔥 ADA Bearish Wedge: Mid-Term AnalysisLike most crypto, ADA has seen a bullish period since the capitulation event on the 22nd of June. Current price action is suggesting a (minor?) bearish move towards the bottom trend line of the wedge. Obviously, if Bitcoin regains its strength we might not even reach the bottom of the wedge and continue moving up. In case the bearish wedge's support won't hold, I'm expecting a drop towards $1,30. This will be the first minor area of support that ADA will encounter in case of a bearish move. The picture above illustrates the possibility for another strong sell-off like we've seen on the 22nd of June. The blue lines indicate the rough movement of the price. So, in case the 1.30 support won't hold, I'd be preparing for another dump towards the red area of support, which might be an amazing time for short term swing trade. Be aware that ADA is highly correlated to BTC. Happy trading!
by FieryTrading
7
ADAUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour course. We are in a descending triangle. If the price reaches the channel ceiling, we can save profit. And if the channel is broken upwards, we can increase the price. We want the price to create a pattern of combing the floor. It's all about bitcoin. We wait for the resistance price to break and then we decide. If the price weakens and the resistance does not break, consider further fall. Manage your transactions and avoid emotional decisions. We have identified your support and resistance, dear ones Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals
🔥 ADA Consolidation Before Break OutVery recently, ADA broke out of the bearish channel which it had been following since early June. With BTC becoming more bullish currently, alts are following suit. ADA is currently seeing a minor period of consolidation. I'm interpreting this period as period where big players are loading up on alts (and BTC, for that matter). As soon as the price manages to break out of the yellow consolidation area, I'm expecting the bullish trend to resume, potentially targeting 1.85 in the near term. Always keep a close eye on BTC when trading alts. Happy trading!
Long
by FieryTrading
17
ADAUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4 hour time frame. We have drawn lines of resistance and support for you. The market is currently in a bearish state. For those who are holders, there is no need to be afraid and they can increase their assets in these losses, but for traders, they should trade more carefully. As you can see, the price of ceilings and floors is lower and we can see that the price can not rise and tends to fall. In case of loss of support, there is a possibility of further fall, and in case of breaking the price upwards, we consider the price increase. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Short
by MarsSignals
🔥 ADA Bearish Wedge Break OutA couple of days ago I made an analysis about a potential upcoming break out of ADA. Take a look for reference: For now, a couple of things can happen. BTC could fall further towards 38k-35k, or it can reverse from here. I'm currently edged towards the bullish side of BTC since we're already ~40% from the top. Take a look at this analysis for my current view on BTC: In case BTC reverses, the $1.85 (close of the last H4 bar) is the first hurdle to take for ADA. In case this gets taken out, a rise towards $2 is expected in the short term. On the other hand, BTC could fall again. $1.60 and $1.50 supports are the main supports for ADA in the coming 48 hours. Something very drastic would need to happen if ADA would fall below $1.50 in the next two days. Highly unlikely. Happy trading!
by FieryTrading
18
🔥 ADA Bearish Pennant FormationAfter BTC and alts caught some breath today, it appears that the bearish trend will continue for now. In case of another bearish move, ADA could be a contender for a good short trade. During ADA's amazing run up over the last few weeks, a classical bearish pennant is forming. With BTC falling, this pennant could signal a big drop is ADA's value over the next two weeks or so. One could either wait for the pennant's support to be broken, or one could trade the current short term downward move. Happy trading!
Short
by FieryTrading
72