ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano (ADA), was also in the green to start the weekend, with prices moving further away from a recent support level.
ADA/USD hit an intraday high of 0.3667 earlier in today’s session, which comes following a low of 0.3564 on Friday.
The move has resulted in Cardano climbing to its strongest point since Wednesday, moving away from the aforementioned floor at 0.3550 in the process.
ADA has begun to consolidate, with the price now retreating from its earlier highs, following a collision with a ceiling on the RSI.
Price strength has failed to move past a point of resistance of 44.00 which has pushed the token to a current reading of 0.3638.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADABTC
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano (ADA) ended a four-session losing streak on Monday.
After a low of 0.3573 on Sunday, ADA/USD rose by 2% today, reaching a high of 0.3732.
Today's price rebounded as the bulls rejected the breakout of a floor at the 0.3570 mark.
This coincided with consolidation at an important support point of the RSI, with price strength moving away from the 40.00 mark.
The index is now tracking at 44.29, with a higher range of 49.00 a potential target for the ADA bulls.
If this area is reached, there are relatively good chances that Cardano will trade above $0.3800.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADA ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CARDANO (ADA) SHORT | BEARISH BREAKDOWN Cardano cryptocurrency or ADA Coin had formed and broken down the Head and Shoulder Pattern on Daily TimeFrame.
The pattern is a bearish pattern and hence I believe price will drop.
Targets
1- 0.35
2- 0.30-0.31
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
ADA Falling Edge vs BTCSeems to me ADA is making a massive falling edge against BTC which is a bullish pattern.
The worst might be over for ADA, so i converted euros to cardano today.
Surely some bumps ahead but nothing serious imho.
After selling ADA at 2,2 dollars two years ago, and calling the peak (check my TA in 17th May 2021), I return to my beloved ADA.
Good luck.
✳️ Double Bullish Divergence & Volume Confirms Reversal | ADABTCCardano bottomed 20-March vs Bitcoin and this can be confirmed through multiple chart signals.
Feel free to boost and let's dive in.
First, we have a double bullish divergence, classic, plain and simple.
We can see Cardano (ADABTC) printing a long-term lower low between March 2023 and May 2022.
The MACD on the other hand printed a long-term higher low in this same time window:
The RSI's bullish divergence is younger but still valid and strong, March 2023 vs Dec. 2022:
The signal is still valid and good.
Next, for a low/support confirmation is the volume signal.
We have high volume May 2022, just check the volume line/bar on this date on the chart.
March 2023 as a new 10 months low is hit, no volume/low volume.
A new low with no volume signals that this move is either weak, already over or just the market looking for liquidity rather than a trend continuation move.
With all this said, there can still be more correction but this is a low probability scenario.
A new low can be hit with the same conditions described now because it is still early on the bounce and no volume on the way up.
Now, looking at the other Altcoins, such as XRPBTC and SXPBTC, we see the reversal is already taking place.
Thank you for your continued support.
Namaste.
ADA LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Cardano It bounced for the second consecutive session as the coin moved away from the recent support points.
After a low of $0.3783 on Friday, ADA/USD rose to a one-day high of $0.3902 to start the weekend.
After an unsuccessful breakout attempt, Cardano moved further away from the recent bottom at $0.3775.
Bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00.
The index is tracking traders at 56.96 with a potential target at 60.00.
Should they reach this destination, there are good chances that ADA will trade above $0.4000.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADA ANALYSIS (ROADMAP) (12H)We had previously published an analysis of the ADA model, which we thought had a diametric.
Considering that the post-pattern movement of G wave did not occur from our diametric, it seems that the pattern is out of diametric and is symmetrical. The previous analysis has expired and this analysis is valid unless there are changes announced later.
ADA/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) snapped a two-day losing streak to start the week, despite the global market cap mostly consolidating on Monday.
Following a low of $0.3729 on Sunday, ADA/USD surged to an intraday high of $0.4035 earlier in today’s session.
Today’s move saw Cardano near Friday’s high of $0.4093, which was its highest point since mid-February.
Looking at the chart, the climb in price coincided with the relative strength index (RSI) moving towards a ceiling of its own at 60.00.
At the time of writing, the index is tracking at 58.91, after moving away from a floor at 56.00.
Should price strength move past the upcoming ceiling at 60.00, then there is a strong chance ADA will recapture a fresh multi-month high.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) surged to a six-week high in today’s session, as markets reacted to the latest University of Michigan consumer sentiment report.
Sentiment in the United States fell to a reading of 62 in March, from a final sum of 67 the month prior.
ADA/USD surged to a peak of $0.4025 earlier in today’s session, following a low of $0.3709 on Thursday.
This move saw Cardano climb to its strongest point since February 21, when the token reached a high of $0.4061.
Overall, the surge came as the 14-day relative strength index (RSI) moved beyond a ceiling at the 60.00 mark.
At the time of writing, the index is tracking at 63.67, which is close to the highest point of resistance at 64.00.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Movements for mid- to long-term trend reversalHello?
Traders, welcome.
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(ADABTC 1W chart)
In order to continue the uptrend, the price needs to be maintained at least above the HA-Low indicator.
I think that below 0.0000 1641 is a mid- to long-term investment area.
Therefore, the key is whether it can rise above 0.0000 1641 and above the HA-Low indicator.
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(ADAUSDT 1W Chart)
Since the HA-Low indicator is passing around 0.2974, if the price is maintained above this point, it is a mid- to long-term buying period from a trading perspective.
However, if it drops below 0.2974, that is, the HA-Low indicator, there is a possibility of renewing the recent low, so you need to think about countermeasures.
As the Bollinger Bands begin to contract, being able to keep the price above 0.2974 becomes more important.
(1D chart)
It can be seen that the highs and lows continued to decline, and the trend was broken after around December 30, 2022.
Therefore, if the current trend is maintained, it is expected to turn into an uptrend.
To do so, it is important to get support around 0.3206, the point of the HA-Low indicator.
If unsupported and falling,
1st: around 0.3032
2nd: 0.2524-0.2772
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
The question is whether it can rise above 0.3448 during the volatility period around March 22nd.
Mid-term and long-term trend reversal can take a long breath.
Therefore, those who want to buy ADA for next year's bull market can refer to this point and proceed with the purchase.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Cardano (ADA) formed bullish Butterfly for upto 13.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin.
On a 4-hr time frame, ADA has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
✳️ ADABTC 10X Lev. (488% Potential)This is the same setup that we have been waiting for since 5-February.
Multiple attempts failed but it seems the waiting is over...
Leveraged trading is high risk and for experts only.
If you don't know how to do it, please do your own research.
We have a potential of 480%+ with 10X lev. on this pair.
Liquidation can happen if prices drop.
We had several failed attempts on this one while the ETHBTC remained valid but XRPBTC also failed.
If you trade leverage you know how to approach this set up.
- Use lower leverage and can hold for longer.
- Add more collateral since the setup is valid/good.
Once it take off, your are rewarded a hundredfold.
Patience is key.
Experience is mandatory.
Trade at your own risk.
Namaste.
ADA LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA/BTC Cardano is too weak stay above this historical trendlineToday, I analyze the BINANCE:ADABTC Weekly chart, Logarithmic scale. Observe where price is sitting at the time of writing. It is sitting at the crossing of two trendlines and the 0.5 Fibonacci line. This conjunction may serve as a good support for price, meaning that price would not go below 1500 Satoshi ever again. However, that's the extent of bullish factors that I could find on this chart. Let me detail my Bearish factors:
1. The volume across the entire timeline of ADA is almost non-existent when price is above the the 0.5 Fib line. Consider the 0.5 Fib line as a separator between two zones of price action. Any price action above it I call high , and below it, low . Price has traded high for a total of 33 months. It has also traded low for the same number of months. So the trade time between high and low is almost equal. However, the volume is enormously skewed towards the low price action. You can see that on the volume profile appearing on the right side of the chart. Low-price action has 5 times the trading volume of low-price action. Bear in mind that the price axis is logarithmic, so our 0.5 Fib line sitting at 1523 Satoshi does not stand exactly at the middle price between All-time high (8788 Satoshi) and all-time low (266 Satoshi). So I can easily say that 80% of trading volume has occurred in the lowest 20% of prices, and the highest 80% of prices have only seen 20% of the trading volume. Therefore, the high prices carry no significance. Trendlines mean almost much less above the 0.5 Fib line. Using that reasoning, I predict that the two lines crossing below the current price will not stand as support and that price will break below them.
2. The more touches in a bear market to a trendline, the more probable it will break on the next touch. This principle is also validated by descending triangles. I can't see an exact descending triangle pattern here, but price has been in a bearish trend for 6 months now drawing lower highs and lower lows.
But what about Fundamentals?
People get easily excited about news bites such as "Solidity is coming to Cardano", "Haskell can now run on browsers", "Cardano's Formal Verification can catch devastating flaws that cost Millions". The reality is the world is not that black and white. Most investors have absolutely no idea what any of these news lines mean. What really matters is the psychology of the market, i.e., how the market feels about these news, thus Technical Analysis!
On top of that, as a Haskell programmer and a Formal Verification specialist myself, I know full well the scalability challenges that come with such "positive" news. Ultimately, what drives price up is hype and survival instinct, not fundamentals. You can ride that wave up if you want, but when reality hits and the network clogs, some hack steals millions, or the hype withers away leaving Cardano once again a hulk in crypto space; it may be too late to implement your exit plan.
So, what next?
I anticipate price to revisit the lower rising trendline and stay in that zone to allow for redistribution/accumulation. In that phase, moving averages and oscillators like RSI will catch up. From there, we can revisit the Cardano chart to judge if it's ready for another boom.
Keep an eye on this chart. Access it here .
Cardano's short-term uptrend line brokeThe selling pressure created in the market caused Cardano's short-term uptrend line to be broken in the first stage, and this support was also broken in the second stage when the price reached the bottom of the channel. Cardano's price is in the range of $0.365 and moving towards lower support levels in the range of $0.340-0.350 and the range of $0.317-0.330.
Support is considered in the $0.300-$0.308 area. So this week, you can keep an eye on the first support and the $0.300 range support.
Cardano has rallied to the $0.42 resistanceAfter a good rally starting from the $0.25 support area with buying pressure, Cardano has rallied to the $0.42 resistance, and since this resistance is on a weekly time frame, reactions have been seen in this range.
Several important resistance support areas are considered for Cardano, and due to the bullishness of the ADA daily trend, the resistance is more likely to be broken.
The closest support to the current price is considered to be in the $0.375-$0.387 range, which has seen a good positive reaction at this level in the last two days. Cardano's trend is also bullish in the 4-hour timeframe because it has maintained this support level.
This bullish trend will not turn bearish as long as it holds the support of the $0.340-$0.350 range. If favorable conditions in the market continue and break this level, the next target will be in the range of $0.50.
ADA IS VERY BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✳️ ADABTC 300%-400% Potential 8X Lev.This is the last one that I didn't mention last time but went live with... ADAH23 or ADABTC.
We are being conservative with the targets... It can always grow more but with lev., it isn't necessary to hold that long.
We can get in and get out, get in and get out.
Remember to do your own research.
Leveraged trading is high risk and can incur full capital loss in the form of a liquidation.
If you can't take a loss, then trading is not for you.
Some trades are winners others are losers, that's just how things work.
The goal is to learn how to play the market to reach the finish line with positive results.
Potential can reach from 300% to 400% with 8X lev. depending on your final target.
Thanks a lot for the amazing and continued support.
Namaste.