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ADA : Aiming a 100% profits opportunity in the Mid term.Cardano (ADA) has been on the decline for more than a year now, ever since it reached its all-time high back in September of last year at $3.10. Throughout 2022, the price of ADA has declined by around 80%. More recently, the price of ADA reached as low as $0.33, which was the lowest in 20 months. Nonetheless, despite ADA being bearish and on the decline, ADA has been trending and trading volume has been relatively high, despite the current state of the market. Following the recent trending nature of ADA, there has been a slight increase in the price in the last few days. ADA increased by 10%, but it is still not enough to suggest a potential reversal in the price of ADA. Nonetheless, this study goes through the technical and fundamental factors of ADA that could have an impact on the price of ADA for the coming days/weeks. Technical Analysis As seen in the ADA/USDT 1-day chart, Cardano is trying to be in favor of bulls but not confirmed yet. Recent price movement suggests that ADA recently found resistance at the lower trendline, meaning that the recent correction was kind of expected. Nonetheless, the price remains bearish from the long term trading perspective and we could expect the price to keep declining in the coming days if the indications fail to fulfill the requirements for a bullish reverse move confirmation. Indicators The fear and greed index suggests that there is neutral in the current market, especially for ADA, whose price has been on the decline for more than a year now but showing a good move by the last 48 hours. Though extreme fear in overall crypto market often leads to reversals, that might not be the case in the short run for ADA. The MACD line of a 1-day chart is currently above the signal line but quite below the baseline. Hence, even though the shorter run momentum is slightly on the bullish end, that could easily change by which our trade needs some strict risk management measures. The RSI of a 1-day chart was recently below 30 and in the oversold region. This then saw ADA have a slight increase in price in the last few days. Though we could assume that since the RSI is now above 30, the price could keep declining. The 20-day MA line is currently below the price of ADA, meaning that the trend at least becomes bullish for short term holding for Cardano. This MA line could act as resistance to the price of ADA if the latter attempts an increase. At the same time the scenario is forming on the 9-day MA too. Fundamental Analysis Perhaps one reason why Cardano (ADA) has been trending recently is that it was announced that Algorand is now in the Cardano ecosystem. Given the magnitude that Algorand has, it could have a huge impact on the development of Cardano as well. Though it’s essential to point out that as much as Algorand is in Cardano, Cardano is in Algorand, given that the two are interoperable. This comes as a result of the deployment of Milkomeda L2. Charles Hoskinson, the founder of Cardano, was quick enough to make the announcement on Twitter. Though Sebastian Guillemot, who is a contributor to both Cardano and Algorand, was also quick enough to correct Hoskinson on the correct way to phrase the announcement. Community engagement has slightly increased for Cardano as well due to the yearly Cardano Summit that will be held in November. Additionally, Hoskinson recently stated on his Twitter account that something of major significance will be announced in November. No matter what that is, ADA bulls are eagerly waiting for this announcement that could potentially be a pretext for a reversal in the long-term trend. In other news, Cardano is also rumored to soon be listed on FTX. If that happens in the coming months, then it could do wonders to the price of ADA. ADA Price Prediction Based on this analysis of Cardano, it is unlikely for ADA to have a sudden surge in price unless we have some huge and powerful community based news prior to the technical analysis study. Currently, ADA may initially face resistance at $0.4148. Assuming the bullish momentum increases soon, then ADA could break this resistance and aim higher. However, as it stands, ADA is likely to keep testing the current resistance depicted by the falling wedge upper side trend line. In such a price surge, to be a healthy move the coin needs some correction and I am expecting a pullback after the current candlestick of the 1D chart closes and if there is going to be any impacting news coming towards the coin including the US stock indices and Bitcoin’s movement we might see a further pullback which is very unlikely at the time of writing this analysis. Though there is strong support at around $0.30, bears may likely continue to have control of ADA. Takeaways In the daily timeframe, the price of ADA continues to hold strong and trade above the key Support formed at $0.35 after the price rallied from its daily low, with the current market looking favorable for most crypto assets. The price of ADA needs to break and hold above 50 EMA, acting as a strong resistance to the price of ADA. The price of $0.4 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $0.5. Daily resistance for the ADA price – $0.42. Daily Support for the ADA price – $0.35. • Cardano has been trending recently, despite being quite bearish. Now looking bullish for the short term entry but needs some more development to give a confirmation of a long term bullish trend. • Technical indicators suggest that ADA is unlikely to be bullish any time soon. • Recent teases by Charles Hoskinson have increased Cardano’s community engagement. • If support at $0.31 fails, ADA could be heading further down.
Long
by cryptotalk_et
Cardano (ADA) - October 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADAUSDT 1W chart) The key is whether you can climb to the 0.5184-0.6834 section. (1D chart) 1st resistance: 0.3974 2nd resistance: 0.4893 Support: 0.3321-0.3448 ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Cardano ADA - The worst altcoin! When next crash? You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break down with a high probability. ADA is going sideways from May 2022, and the buyers are simply not here at this moment. The price is making lower highs and now the price is being compressed in this triangle formation.  Also, we have a massive broadening wedge, so you might want to wait for a breakout before enetering a long position, or you can catch the falling knife exactly at my support level, as you can see on the chart. My Elliott Wave analysis suggests we have an incomplete ABC structure and we should expect 2 more impulsive waves downward, so another 63% crash is definitely possible!  The bears are in power and I would not play with them at all cost. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
ADA - 47% CRASH | Buy here! I am very bearish on specific altcoins such as ADA, XRP, SOL, LUNC, SHIB and much more. Why? Because the charts are terrible and I don't even know why you should buy these overpriced altcoins that will never make you rich. Some gains are possible, but you have to focus on altcoins with low market caps, not these Giants. It's too late for the party. I am not saying these altcoins are bad. These coins are great, but the market cap is too high and whales want to buy them at a cheaper price.  Cardano is in a massive downtrend, basically in a free fall mode, and another 47% drop is likely in my opinion. There is pretty much nothing bullish on this chart; the bulls completely disappeared.  You can buy ADA at 0.1841, at least for a short-term bounce (150% - 300% profit). I will inform you about possible targets next year, so do not miss it and follow me! The price is printing a falling wedge pattern and a descending triangle. As you can see, the bears destroyed the triangle without any problem! From the Elliott Wave perspective, the market structure is insanely bearish and I expect 2 huge impulse waves downward to complete a major ABC correction. The bears are in power and I would not play with them at all cost. We need much more time to recover from this abyss. Look at my ideas about XRP and LUNC in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
60
ADA/USDT 1 DAY UPDATEHello, welcome to this ADA/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : Cardano (ADA) Cardano suffered a massive breakdown this past week, losing almost 11% of its valuation in the past seven days. On Monday, the key support at $0.43 failed to hold the assault from bears, and ADA quickly tumbled lower. This led to four days of non-stop selling. Buyers finally managed to stop the downtrend yesterday when ADA found support around $0.35. Considering the latest price action, the cryptocurrency is facing resistance at $0.40 and $0.43, and buyers appear weak. The trend remains firmly in favor of the bears, with the price making lower lows and lower highs. ADA is the worst performer on our list this week, and the only hope for the bulls is if sellers become exhausted, which could provide this cryptocurrency with an opening to recover some of the losses next week. The indicators on the daily and lower timeframes appear oversold, which could turn out to be bullish. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
ADAUSDT 15 % pump (NEW)Recently we have published an idea where we expect ADAUSDT to break the support and drop 40 %. It looks that the support is still holding and now we expect the price to have a 15 % bounce to get rejected one more time from the downsloping resistance line. It may be the last bounce before the next leg down as the trend overall remains bearish. Easy trade to strategize: Buy at the support, Sell at the downsloping resistance Stop loss below the support Good luck
Long
by vf_investment
2
ADA Head & ShouldersPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Cardano broke the yellow uptrendline1, backtested it twice and got hammered🔨. During this plunge it broke the uptrendline2 plus neckline (0.4536) of the Head and Shoulders all in one go. I think there is chance for drop to 0.3835 and even lower, but I expect some pullback up first. Setting SELL LIMIT order to catch the retracement somewhere into the area of uptrendline2 & downtrendline confluence (0.4638). ENTRY : trendlines confluence @ 0.4638 STOPLOSS (SL) : Right Shoulder @ 0.4905 TARGET (TP) : H&S target projection @ 0.3835 REWARD RISK RATIO (RRR) : 2.9 INVALIDATION : when SL level hit See Head and Shoulders pattern on BTCUSD: Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
12
ADA/USD - CARDANO IN DANGER. HOLD or DIE 🚨🚨🚨ADA just made a lower low. Moreover, it broke BELOW a key support from May 2018!!! This spells disaster for the price which could fall all the way to 17 cents! This would make ADA correct almost 95% which is similar to ETH in 2018... The chart is extremely bearish and based on this latest price action, ADA seems to have been late to correct by over 90% in this bear market and it's catching up now... FAST. Plus there is barely any support until 17 cents due to the lack of price action between 39 cents and 17 cents. Not looking good bro. I am bearish and best to take cover, it may get ugly. Like and follow if you liked this idea.
Short
by DU09
1
Cardano (ADA) - October 11Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADAUSDT 1W chart) The key is whether you can climb to the 0.5184-0.6834 section. To do this, we need to see if we can support and rise in the 0.3321-0.3974 zone or higher. (1D chart) The key is whether it can find support near 0.3974 and move above 0.4348-0.4482. Otherwise, it is expected to decline to around 0.3321-0.3448. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Has the Cardano ADA bottom already printed?I have been looking at the Cardano chart today and noticed that the longer-term targets would only be met IF Cardano has already bottomed. So, if you're expecting higher prices for ADA, I would consider this a bottom as when you pull the Fibonacci retracement tool from 2017 highs to the lows it gives a 1.618 target which is in a similar realm as to if you pull the Fibonacci retracement from the all-time high to the recent lows. As shown on the chart
KRAKEN:ADAUSDLong
by missedamillion
2
Cardano (ADA) - October 4Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADAUSDT 1W Chart) The key is whether it can be supported by rising to the 0.5184-0.6834 section. (1D chart) It needs to move above 0.4482 to turn into an uptrend. Otherwise, it is expected to fall below 0.3974. In the medium-term spread trend, it touched the upper uptrend line and fell.(1) Therefore, it is likely to touch the lower downtrend line next time (2). The 0.5184-0.6834 section is a section that determines the trend, so it has a strong role of support and resistance. Therefore, as you get closer to the 0.5184-0.6834 range, you may feel like you have to buy now. These thoughts can make you buy at the highs, so be careful. Therefore, it is recommended to buy after confirming the support in the 0.5184-0.6834 section. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
ADA/USDT - LONG ----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ ADA/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Long) Leverage: Cross (1.0X) Entry Orders: 1) 0.4664 - 100.0% (59.6992 USDT) ✅ Take-Profit Orders: 1) 0.4814 - 80.468% 2) 0.4927 - 19.531% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
Cardano Daily Analysis.10.02.2022 Cardano in daily time frame moving in the price range of 0.42-0.43, and the important support of Cardano is in the price range of 0.4. If this important support is broken, it is possible to correct it up to the support range of 0.35 at the level of 100 Fibonacci. The second scenario that can be considered is to fluctuate in the range of 0.4-0.43 and in case of breaking the dynamic resistance, the price will move towards the range of 0.45-0.48 ---------------------- Trader Needs 10.2.2022 DYOR
Short
by Trader_Needs
1
Cardano (ADA) - September 24Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ADAUSDT 1W Chart) The key is whether it can be supported by rising to the 0.5184-0.6834 section. (1D chart) It has been consolidating since the May 12 decline. As such, there is no significant decline in the volatility of BTC. Since the sideways section is 0.3974-0.5960 section, it is expected that the trend will continue in the direction deviating from this section. However, the 0.3321-0.3974 section is an important support section, so if it is supported in this section, it is expected to show an upward trend. The 0.5184-0.6834 section is the section that determines the trend, so it is expected that a full-fledged uptrend will begin only when it rises in this section. So, at the current price point, it's just below the resistance zone, so there's virtually nothing to do. It means that it is not too late to start trading when you see support in the resistance section, that is, the 0.3321-0.3974 section. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
#ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Cardano (ADA) UPDATE:- With the Vasil upgrade going live, Cardano had a good attempt at rallying, but the volume was simply not there to make it count. For this reason, ADA’s price registered a 2% loss in the past seven days. The support is at $0.43, and this key level has managed to stop the downtrend in the past. To turn ADA’s price around and move into an uptrend, buyers will have to break the $0.50 level. Otherwise, the cryptocurrency will continue to move sideways between these key levels as before. The indicators are also rather flat, indicating a consolidation period. Looking ahead, ADA appears to be taking its time before making any significant move. The bias is neutral. The best thing that can happen to Cardano at this time is a break of the key resistance at $0.50. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
ADA/USDT - BEARSH ENGLUFING PATTREN ----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ ADA/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 0.4770 - 100.0% (165.9625 USDT) Take-Profit Orders: 1) 0.4612 - 80.0% 2) 0.4538 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro