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ADABTC

ADA/USD - On life support. If $3 falls, $1 follows... 😲Cardano’s native token has seen a downtrend correction since early September, following hitting the current all-time high at $3.09. Unfortunately for ADA’s holders, the most recent market crash drove it below the key support level at $1.5 down to $1.3. Price is currently struggling to maintain the critical support, and ADA may continue to fall to $1 if the current level isn’t able to hold. ADA has been in a steep and aggressive bearish trend that started months before this market crash. Therefore, the bears are in control of the market. In order to start seeing a bullish reversal, the price needs to reclaim the $1.5 level, which has turned into resistance following the weekend crash. Trading Volume: Increasing volume as price declines is a bearish sign. Best to stay away from ADA until there are signs of a possible reversal, followed by a massive amount of volume. RSI: The daily RSI has been hovering just above 30 points or above the oversold territory since the correction started in September. This puts ADA in a clear bearish trend. However, this latest drop in price did not make a lower low on RSI, indicating that bears may become exhausted. In addition, the oversold area is nearby. MACD: The MACD on the daily timeframe is bearish with expanding moving averages and a negative histogram. This has to reverse quickly; otherwise, the $1.3 support level may be under significant pressure. The current Cardano (ADA) bias is bearish. Since launching smart contracts on Cardano, the trend has been bearish for over three months, and this latest market crash even made it more difficult for ADA to find a way out of this downtrend. If ADA cannot stop the downtrend at $1.3, the price will most likely drop to retest the next significant support around $1. The bears dominate the market as of now. Keeping in mind the current market conditions, it’s hard to see how ADA can reverse course at this time. In the best-case scenario, ADA can consolidate here and attempt a breakout later in December. Like and follow if you liked my idea!
Short
by DU09
2
Cardano Hints At Growing vs BitcoinWe have a strong green candle today on the ADABTC pair. This candle just happen to show up at the same level which worked as resistance back in May before prices peaked. This candle is also pushing prices above EMA10 and EMA21 in just one hit. This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop. The volume has been low and the correction long. It is possible to see a reversal here, the conditions are there. The rest is for the market to decide. Namaste.
Long
by AlanSantana
4
Cardano Coin on its strategic supportHi my friends ***************** The Cardano coin has gained significant support in its correction process after a great flight. My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days Appropriate entry points, goals and stops are marked on the chart ************************************************************************************************************************************ If you liked this idea, thank you for liking and commenting ************************************************************************ Be rich and generous **************************
Long
by EhsanMalekII
1
$ADA multiple scenarios aheadThat's why trading is so interesting, right ? $ADA could form an inverse Head and shoulders on 4h. It could make it's last down leg if the overall market will correct a little, as we can see it right now. Last leg could go around WEEKLY DEMAND at BROWN Channel. Still a cup and handle in play if H&S will form. I personally believe that crypto market will see it's final leg up untill spring/summer 2022 and ADA will be one of the main stable coins around there. Everyone will hype on shitcoins but real investors will try to secure their investments in stable coins. Im watching ADA very closely and jump in it when its ready.
by BBC13
4
ADA - Daily Chart ✅ADA is very close to its solid support areas. There is one support level, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel. There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions. There are no other short-term support levels for Cardano, so watch out it's very risky. Use this chart as your trade setup for now; I'll keep it updated. Current Market Price: $1.493 Let me know your ideas. Good luck.
by ShawnMCR
9
Waiting for better opportunities!-Due to the momentum (yellow arrows) and volume of the red candles, ADA has no power to rise. -in certain circumstances such as the release of bullish news, the orange scenario is possible, which I will update if that occurs. -Bitcoin also has no bullish power and may go as low as 51k. However, this does not mean I'm a bear! Because during these crashes, BTC and ETH Exchange Flows have been decreasing (Especially Ethereum). It seems like big guys want to fill their bags with a cheaper price. In general, better opportunities are on the way. don't miss them! Dear Friends, If you are interested, It would be great to show your support by liking and maybe posting your comment Good time
Short
by CryptoSideway