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Adanalysis

ADA Failed to Break Down! Will The Price Rocket to the Upside?ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside. How do we trade this? The price is currently sitting at resistance in a bull trend. We should be waiting for either a strong bear signal bar to short or a breakout above the resistance zone to long. Bitcoin is in a similar situation, and we should wait for the signal before entering. If we get a bull breakout bar closing on or near its high above the resistance zone, it's reasonable to long. Place a protective stop below the resistance zone and a 1:2 Risk/Reward ratio to the upside. Don't trade a bull breakout bar until it closes and shows support above the resistance zone. That bar could quickly become a bear signal bar in which case, we're looking for a bar closing below the resistance zone on or near its low. A break below the channel support with a bar closing on or near its low would give us enough probability of profit to short with a tight stop, playing the reversal. We are in a bull trend, make sure the signal and confirmation are clear with tight stops. Key Points 1. Fanning Bull Channel, Bias to Long 2. Resistance Zone Still in Play 3. Failed Triple-Top Reversal 4. RSI at 56.00 above Moving Average, Indecisive. 5. Bitcoin at a critical moment. Breakout or Breakdown? You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
KRAKEN:ADAUSD
by TraderEngineering
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Cardano (ADA) was one of Friday’s notable gainers, as the token snapped a key resistance level. ADA/USD rose by as much as 3% in today’s session, hitting an intraday high of 0.3777 as a result. This rally resulted in the 10-day (red) moving average crossing over its 25-day (blue) counterpart. Typically such an upwards crossover signals the start of a bull run, and it comes as the relative strength index (RSI) also rose considerably. the index is tracking at 50.91, which is marginally below a resistance level of 52.00. In the event this ceiling is broken, there is a strong chance that ADA will move toward the 0.3800 mark. 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
by CryptoSanders9563
ADA (CARDANO) STILL BEARISHADA (Cardano) will go around 50% or 61.8% for finishing the 1st wave and after that, we will bounce to the upside for finishing the 2nd wave. For 2nd wave correction, we will most probably go to the previous 4th, which is 50% and 61.8% area of fibo. After that, we will see now low on ADA. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #ADA #CARDANO
Short
by anantadhungana
Cardano (ADA) - 4h. How realistic is the test of $2.2?Hello friends, everyone! Well, "these days" on the Cardano market are over, emotions have subsided and we decided to share with you our short-term scenario of the ADA price movement. Our previous idea worked perfectly and the price approached the range of $2.5-2.7 as much as possible: During a powerful wave of decline in the entire crypto market, the ADA price dropped by 60% . For example, the equally powerful ETH project fell by 70% This fact confirms the strength of this project and the great desire of investors to buy ADAUSDT press during global waves of decline. Having touched the mark of $1.01 , the ADA price jumped 45% on the same day. The next attempt of sellers to pass the price below was unsuccessful. As a result, buyers were able to recover the ADA price by 71%. If we look at the daily timeframe, we see that the ADAUSD price fell into a powerful wide consolidation zone of $1-1.5. In this range, buyers were gaining a position for the next growth wave within 2.5 months. In addition, sellers have tested an important trend line that keeps the ADA price from falling into the abyss in force majeure circumstances. Thus, the global critical point for the current upward trend is at $1.1. However, you shouldn't think about such terrible goals now. So far, buyers have managed to push the price above $1.5, which has been a big problem for them in the past. The price moves in a stable growth channel with medium volumes. The sellers fail to reverse this initiative of the buyers, and therefore, the continuation of the price rise to $2.26 may take place without a noticeable correction. In the short term, the worst-case scenario at the moment is the ADA price exiting the white channel and retesting the mark of $1.5. If this test takes place on medium or low volumes, it will be a great chance for investors who did not have time to buy this coin. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
40
#ADA - Elliott and Fibonacci AnalysisAlright folks, I did sell my position for a small profit, will only buy back once we see an uptrend for a Trade. PS: We are still in correction but overall bull run is still intact, Corrections are very tricky and can never be correctly analyzed as it's triggered by a lot of bearish/bullish news media attention, until that cools off, bears will stay active until they lose the steam and bearish news doesn't show much strength on the fall. ~Happy Trading.
KRAKEN:ADAUSD
by ActorBay
1
ADA/USDT - Will the big growth potential continue ? CARDANOUSDT💭 Look at Cardano globally. Hello everyone, today I decided to show you a new chart of one of the top altcoins (currently top 5 by capitalization). Yes, since the end of November 20, the asset has started its native growth and has already added very significantly to the price, but despite this, the chart now shows such a beautiful picture, it is difficult to pass by. I'm talking about a fairly large bullish triangle with a flat top that has formed over the past 2 months. The 2 previous highs give me the opportunity to determine a clear resistance at $ 1.5, but I do not think that it will be able to restrain the onslaught of the bulls for a long time - the pressure is concrete, which means that expecting a full - fledged exit up in the coming days is the only correct decision. But after that, there may well be a return to the upper border of the figure, the so-called retest from above, after which it will be possible to continue climbing towards$2. On the chart, I also marked a potential classic triangle, but I myself tend to be more inclined to a flat top. Stochastics on the MACD crossed from the bottom to the top, which strengthens my forecast. Bottom line: The trend in the market is super-bullish, and such beauty on the chart is ideal for continuing this trend. As an option, I consider the continuation of growth through the retest of the classic triangle in the area of $ 1.25, but this does not change the global picture - it only goes up, so work from longs, friends. Earn money. I admit, there was a trading idea that would short, but without loss, there is no profit. Time puts everything in its place. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIO
Long
by CryptoJaegerB
2
ADA Bullish or Bearish Territory?1. The cost of Cardano is declining by - 3.92% and is exchanging at $0.038473 against the United state dollar. 2. The quick help territory for Cardano (ADA) is $0.037633. 3. Bolster zones are found at $0.003300 and $0.037633 and $0.0036478. 4. Opposition regions are found at $0.039568, $0.040044 and $0.045. Cardano digital money has as of late educated their client would they be able to will gain ADA from November. These prizes the clients will pick up cause the digital money system is including greater usefulness for the clients. The news was declared by IOHK CEO, Charles Hoskinson and furthermore the Shelley testnet was likewise fruitful in the market. This is awesome news for the cryptographic money. We should now talk about the estimation of Cardano and its value investigation. News Source: TheCoinRepublic
BINANCE:ADAUSD
by TheCoinRepublic
Cardano now will able of recover the majority of previous Bear The present situation of the coin scarcely springs up any perplexity with respect to its developments. Truth be told, the coin has been reflecting extremely bullish moans since a week ago. Talking about the energy of the coin, the coin has had the option to exhibit an amazing force by recuperating most of its past misfortunes.Believe it or not, ADA has now figured out how to be in the rundown of probably the most solid coins in the market at present. Along these lines long haul financial specialists ought to consider putting resources into the coin as it certainly guarantees a superior benefit later on. News Source: TheCoinRepublic
BINANCE:ADAUSD
by TheCoinRepublic
1