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ADA → Cardano Heading for $0.65!? In a Key Support Zone.ADA completed its 2-legged pullback per my previous analysis and even overshot the key support zone to Push #1 support at $0.41. Is this an opportune time to long? Previous Analysis: How do we trade this?  🤔 Cardano found support at Push #1 support from the previous bull trend around $0.40 and has rebounded to the Daily 200EMA. It's reasonable to expect a pullback from the 200EMA to the $0.45-$0.47 area in the Support Zone. We need a strong bull candle closing on or near its high followed by a confirmation candle to support the idea of longing ADA. Even with such price action, we should be cautious given Bitcoins likely pullback from its recent all-time high and halving period. That being said, it's reasonable to think Cardano will have more upside before it comes down and with the signal and confirmation bar off of the Support Zone, it's reasonable to enter a long position toward the $0.65 range. Take half profits at 1:1 Risk/Reward at $0.5635, move the stop loss up to the entry price, then swing the latter half of the position to Take Profit #2 target of $0.65. The likelihood of hitting $0.65 is less than ideal, but it's worth holding that second take profit target until the price action gives us a reason to exit the trade. This analysis is in alignment with my recent ADA Lifetime Analysis as seen here: 💡  Trade Idea  💡 Long Entry: $0.4767 🟥 Stop Loss: $0.3900 ✅ Take Profit #1: $0.5635 ✅ Take Profit #2: $0.6500 ⚖️ Risk/Reward Ratio: 1:2 🔑  Key Takeaways  🔑 1. 2-Legged pullback completed at Support Zone. 2. Double Bottom pattern at Support Zone 3. Strong bull candle to Daily 200EMA, expect a pullback to the Support Zone. 4. Look for a strong signal candle closing on or near its high with a confirmation candle following. 5. RSI is at 41.00 and above the Moving Average, supporting the idea of a long position. 💰  Trading Tip  💰 It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
8
ADA → Cardano Lifetime Analysis Shows $7.50 High!? Let's Answer.ADA has established lifetime trend lines following the conclusion of the 2022/2023 bear run. The bear run low at $0.22, provides us a connecting dot to the 2020 bear run low of $0.018, allowing us to establish a Lifetime Support line. Likewise, the conclusion of the 2021 bull run provided us with a connecting dot for a Lifetime Resistance line. Now that we established a trend, how heavily can we rely on those lines? What about other areas of support and resistance? Will the altcoin market respond to market forces and reach new highs? How do we trade this? 🤔 Let's answer these questions in order and expand upon them: 1. How heavily can we rely on these trend lines? As heavily as any other established trend line. While it's important to remember that altcoin markets are more volatile than higher volume markets such as Bitcoin or especially Forex, these support and resistance areas *are* the data. Our analysis frames the playing field such that we can apply trade management strategies to gain a profit, which means any trade we should consider these price areas to be the boundaries of our trades. 2. What about other areas of support and resistance? Lifetime Support and Resistance frame our macro trend, but we need to zoom into the EMA ribbons and previous areas of support and resistance. After the conclusion of the 2022/2023 bear run, ADA broke through the 30EMA and 200EMA ribbons and established support on both. In my analysis rubric, the 30EMA and 200EMA ribbons are immensely important in determining what price areas are respected by a security. Currently, ADA is following the movements of Bitcoin and the crypto market as a whole. My Bitcoin Lifetime Analysis explains why I believe Bitcoin needs a strong pullback before reaching new all-time highs: If Bitcoin fails to find a new all-time high here, ADA will likely stall and fall with it. The degree to which it falls is up for debate, but I would argue we will see the price fall to $0.50 (Weekly 200EMA) at a minimum, with a worst-case being $0.40 at Lifetime Support, maybe a wick into the $0.35 range. This will likely come in the form of a two-legged pullback on the Weekly chart. Once that pullback concludes alongside Bitcoin, we should see another attempt to find new highs with Bitcoin. If ADA and the altcoin market are going to find strong upward momentum, it will be after Bitcoin and Ethereum find new all-time highs, generating excitement and volume. I'll be honest, what happens with the price from here is difficult to estimate. I believe what is closer to a worst-case scenario is ADA stalls around the 2021 Resistance Zone at the $1.50 range. A best-case scenario is it reaches near the Lifetime Resistance at $7.50. Somewhere in the middle, reaches the previous all-time high of $3.10. We need to see the market reaction to the pullback and Bitcoin reaching new all-time highs to remotely begin estimating where ADA will land. 3. Will the altcoin market respond to market forces and reach new highs There are a variety of arguments for and against the notion that we'll get another "alt season" where the alt market securities find new highs. My position on this is that we don't have nearly enough evidence to conclude that the alt market will be strong during this next bull run. Here are some key points regarding what we do have: 1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe. 2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market. 3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment. 4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat. 5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points. So where does that leave ADA? As previously stated, we have some key events that need to play out before we can have any confidence in where ADA ends up by 2025. Those include the pullback I believe is coming, followed by Bitcoin and Ethereum finding new highs. Once we hit those marks, we can start talking about $1.50, $3.00, and $7.50 price targets. The Trade That being said, we can still construct a reasonable trade based on the data we have. There are two ways to play this chart, wait for the pullback and start buying around $0.50, or start buying now and fade your position in either direction. Personally, I'm going to put weight on my overall crypto analysis and wait for the market to pullback. My ideal buy for ADA would be at $0.57 after we see an established bounce off of the EMA ribbons. I would place a stop loss below the previous bear trend low at $0.18. My take profit targets would be as follows: Take Profit #1 : $0.96. For two reasons, this is a 1:1 Risk/Reward ratio, so if I sell half of my position and move my stop loss to my entry price, profits are locked in, and I can swing the second half of my position. The second reason is there is a minor resistance zone at $1.00 on top of $1.00 being a psychological resistance price. $0.96 allows us to sell before that resistance is met. Take Profit #2 : $1.50. I would sell 25% of my remaining half because this is a major resistance area where a lot of trading happened. This is also about 1:2.5 Risk/Reward, which is reasonable to take more profit. Take Profit #3 : $2.95. Take another 25% of the second half of the position off the table just before the previous all-time high is met. This will be a major resistance area and the likelihood of it breaking is far less than the $1.50 resistance area. This is also a 1:6 Risk/Reward area, absolutely reasonable to take profits this late in the game. Take Profit #4 : $6.85. The final 50% of the second half of my position (25% of my original position), will be taken off the table before we get close to the Lifetime Resistance price of $7.50. $7.00 will be a psychological barrier and close enough to $7.50, where if we hit that price, it will be a very low probability compared to just under $7.00. $6.85 is 1:16 Risk/Reward, a massively successful trade at this stage and completely reasonable to close the entire trade and be very satisfied with the results. 💡 Trade Idea 💡 Long Entry: $0.57 🟥 Stop Loss: $0.18 ✅ Take Profit #1: $0.96 ✅ Take Profit #2: $1.50 ✅ Take Profit #3: $2.95 ✅ Take Profit #4: $6.85 ⚖️ Risk/Reward Ratio: 1:16 🔑 Key Takeaways 🔑 1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe. 2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market. 3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment. 4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat. 5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
13
ADA → Cardano Pullback Followed by New Highs? Let's Answer.ADA completed its measured move to $0.68 and has now completed two legs down in a pullback to Support Zone #1. Should we long here? How do we trade this?  🤔 Support Zone #1 has held through two failed attempts to break down. We have a strong bull bar leading into the Daily 30EMA where we are now seeing some resistance. The RSI is around 50 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio, which requires the price pullback a bit more before we can enter the market. We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $0.68. Target the $0.487 area for an entry and place a stop loss below Support Zone #1 around $0.44, the first Take Profit at $0.535, and the final Take Profit around $0.63 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits. 💡 Trade Idea 💡 Long Entry: $0.4875 🟥 Stop Loss: $0.440 ✅ Take Profit #1: $0.535 ✅ Take Profit #2: $0.630 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two-legged pullback after a bull run 2. Two failed attempts to break Support Zone #1 3. Strong bull bar after pullback into the Daily 30EMA 4. Wait for the price to pullback to the $0.487 area for an entry 5. RSI at 50.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
ADA → Breaking $0.40! This Analysis Shows a Cardano Moon Shot!Cardano is showing great bull strength toward the $0.40 price and has made a few attempts to break it! We're in the midst of a trading range pullback from the previous bull run waiting for the signal to go long. How do we trade this? Our bias for ADA should be bullish! We're fresh off of a bull run and are currently in a pullback. Much of the crypto market is in a similar holding pattern, including Bitcoin which has not yet broken its Weekly Resistance. Before jumping into a long, we likely need another pullback to the 30EMA and a strong bull signal bar followed by a strong confirmation bar closing on or near its high. Once those conditions are met we have a potential run to the next Resistance Zone at $0.45! Always be ready to change your bias. The next attempt to break resistance could result in a bear signal bar, along with Bitcoin, which signals a market reversal. We will consider the chart at that time but for now, watch for the bull signal bar to long! Trade Idea Long Entry : $0.375 Stop Loss: $0.353 Take Profit: $0.440 Risk/Reward Ratio: 1:3 Key Takeaways 1. Bull Breakout of 200EMA Followed by Bull Run. Bias to Long. 2. Bull Flag Continuation Pattern, Bias to Long. 3. Look for Support at 30EMA. 4. Do not Long until Bull Signal and Confirmation Bars Appear. 5. RSI at 55.00, below Moving Average. Bias to Short. 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:ADAUSDLong
by TraderEngineering
2
#ADA/USDT 2HOUR UPDATE BY CRYPTOSANDERS Hello, community members welcome to the ADA/USDT chart analysis. I have tried my best to bring the best possible outcome to this chart. As we can see from the above-mentioned chart that ADA/USDT broke the triangle pattern and retested well. According to the current scenario, it can move up by almost 30% from the green zone which is also a support zone. So, here we can take a long position for some short-term profit gains. Entry:- CMP AND $0.7630 Traget:- 25% TO 30% Stoploss:- $0.7440 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
ADAUSDT Analysis showing possible drop.BINANCE:ADAUSDTPERP is completely crazy, it's one of the coins that showed most strength in the dump and now. Checking the 4h timeframe, I see 3 legs to the upside and now and M formation or double top, meaning we could now see a nice retrace in terms of %. In this case I would go for a swing trade, I think Market Makers will try to recover the nPOC's (Possible Retrace #1, #2 and #3) since they probably have lots of shorts positions over there. I will personally take a short because I can see different confluences in the chart that makes me think we will drop from now. The confluences I see are: The first leg of the big M formation has lots of mini-M's in it. The first leg has stopping volume and lots of pins to the high, in other words, lots of traders longed the top and they are trapped. The second leg of the big M formation shows a vector candle (retail traders longing and Market Makers shorting) followed by a red vector candle (stop-hunt rise, drop). We are very extended from EMA's on the 4h timeframe. We have lots of green vector candles and nPOC's that market makers will recover when they want. Moonboys are thinking this is the retrace before the next pump, they think this is a "dip". TDI on the 1h timeframe shows possible bounce. Finally, we need to understand that the market has a cycle of 3 levels of uptrend, and then 3 levels of downtrend. The first three levels of uptrend have been completed, that's why we can see an M formation. In case price exceeds the first leg high the pattern would be completely invalidated, still, I would wait for the close of the candle since that could be another stopping volume candle to trap more traders and build more shorts at higher prices. Talking about take profits I will close my positions in the following points: 2.6088 (Possible Retrace #1 - 4h Candle nPOC) 2.2335 (Possible Retrace #2 - 4h Candle nPOC) 2.1259 (Possible Retrace #3 - 1d Candle nPOC) Close 100% of the position 200 EMA (4h)
Short
by chutireality
ADA one more leg up then Crash?Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Ada is currently on support level, There is room I believe for one more upside to around 3.10-3.20$ before breaking down and cooling off for a while. I see strong support around the 1.60-$2.00 range and that I would look to accumulate again. Around 3.10-3.20 I will start de risking and selling some there.
BINANCE:ADAUSDLong
by IWealthCommunity
4
1 ada = 2.48 Is valid. Island is an island. Btc is of course affected by the Eth drop. But Ada is a coin that has not experienced its full explosion yet. There is a goal of 12-14 dollars in the future. The most important issue is that the people who enter the island are generally corporate and far from short selling. Since the sale is made while the price increases, the money inside always stays the same or increases. I always tactic the ruler of the island. We took the island from the bottom. We are increasing the number of islands. Not investment advice. The reason I wrote this is because you buy and sell investments at your own discretion. If you are in Germany, we can get 1 year investment with the contract.
Long
by TraderEtc
5