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Cardano ADA Will Outperform Cryptocurrency MarketHello, Skyrexians! Yesterday we considered the Bitcoin analysis where concluded that the potential growth is not going to be insane, bull market will be finished soon. At the same time on the BINANCE:ADAUSDT weekly chart we can see that price is charged for the flight. Let's notice, that Cardano has the specific bear market structure, where the corrective wave C has been finished in October 2023. Growth from the bottom was impulsive, so it could not be the wave B, in our opinion it's wave 1 of the new bull market. Since March 2024 most of crypto assets continued the bear market, but drop on ADA was not so big. It means that wave 2 has been formed already. Look at the green dot on the Bullish/Bearish Reversal Bars Indicator . This is strong bullish signal that this correction is likely to be finished, in conjunction with Elliott waves analysis we can see that the impulsive wave 3 is about to happen soon! Targets can be calculated using Fibonacci Extension. 1.61 and 2.61 corresponds to the area between $1.2 and $1.77. Note that this zone is not likely going to be the end of bull run. This is just wave 3 in this rally. Finally, we expect the new ATH for ADA in 2025. Best regards, Skyrexio Team
Long
by Skyrexio
6
#ADA Breaks Through Key Resistance: Is a Major Rally Ahead?Yello, Paradisers! Could this be the moment #Cardano finally takes off, or are we facing another potential setback? Let's discuss the latest #ADA analysis: 💎After breaking through the descending resistance of its falling wedge pattern, #ADAUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move. 💎Currently, #Cardano is approaching the demand zone around $0.313, a vital support level that could spark a new leg up. If CRYPTOCAP:ADA rallies from here and breaks the $0.417 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets. 💎If CRYPTOCAP:ADA fails to hold this demand zone, it could slip down to test the critical support between $0.274-$0.290. This range, aligning with a previous low, acts as a crucial price floor. For the bullish outlook to stay intact, CRYPTOCAP:ADA must reclaim the $0.313 level with strength. Any sustained move below this level could indicate a breakdown. 💎On the other hand, if a daily close occurs under the $0.274 support, the bullish case would be invalidated, putting CRYPTOCAP:ADA at risk of setting a new lower low. Such a scenario would significantly increase the likelihood of further declines. Always aim for precision and keep a close eye on the critical zones to maximize your trading edge. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
Cardano Technical AnalysisFxNews —The immediate support is at $0.334, neighboring the 61.8% Fibonacci retracement level. The Cardano bearish trend would resume if bears (sellers) close and stabilize Solana's price below $0.334. In this scenario, the next bearish target could be the October 28 low at $0.33, followed by $0.327, the 78.6% Fibonacci retracement level. Please note that the bearish outlook should be invalidated if the price exceeds the 50-period simple moving average of approximately $0.345.
COINBASE:ADAUSDShort
by FxNews-me
1
ADA: Still in Wave 2 (updated EW count)ADA/Cardano and its forever sideways price action has led me to redo the count for the two yearslong bear market. Previously my assumption was that Oct 2023 was the termination of primary wave 2. However, the price action for an entire year since then has not been impulsive. It is possible that Primary degree 2 is done and this price action is another 1/2 on a smaller degree, but it is odd to start the wave 3 of primary degree this weak and this slow. So, looking at the structure again and new thesis is ADA is at its last leg of the Primary wave 2 correction. Either it finishes up the y wave of the minor degree as a triangle, or it could correct deeper as an ABC, where the triangle structure forming right now drags on longer for a B wave triangle and then get a C wave back to $0.16 - $0.14 area to complete the correction. This could drag on till next year Q2 where BTC correction could also end, on a different degree of trend. For now, I am only going to wait and watch.
BINANCE:ADAUSD
by mukit1
2
When everyone is busy on other alts, ADA cooking its own MOVE!↑↑I'll simplify on this one -- reflective of ADA's non complicated nature. KEY NOTE: WEEKLY Price Yearlong standing price support -- currently bouncing off it with accuracy. WEEKLY NET VOLUME surge. Weekly Histogram Higher Lows. Thinning movements on the lower price range -- HUGE HINT. Currently sitting just above 1.0 FIB level -- beyond bargain / discount. THIS IS RIPE for BIG MOVES. A bottom fish opportunity that doesn't come very often. Previous ATH target will not be far-fetched. Spotted at 0.29 TAYOR Safeguard Capital always.
Long
by JSAL
7
Descending TriangleThe Cardano (ADA) chart currently shows consolidating within a compressed descending triangle, characterized by lower highs and higher lows. Recently, there was a false breakout on the upside, but the price failed to hold above and returned to the range. Given the current market conditions, a confirmed breakout above the triangle could signal strong buying momentum, leading to a significant upward move. This bullish movement could occur as buyers accumulate the necessary liquidity to push the price higher. If this breakout is confirmed, we could anticipate further upward targets. However, if the breakout is not confirmed and the price continues to range within the triangle, we should expect more price fluctuations and potential consolidation.
by MonoCoinSignal
ADA long term and short term perspectivehello guys! -------long term perspective--------- Long-term support zone: Cardano has found support around the $0.30 - $0.35 level, with previous price action indicating strong demand in this area (engulfed area and old S&D zones). Bullish reversal potential: The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal. Long-term target: The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs. Upside path: If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence. Bearish scenario: A failure to hold support around $0.30 could see the price retesting to below $0.18. -------short term perspective--------- Immediate Support Zone: Cardano (ADA) is testing a strong support area between $0.33 - $0.34, which aligns with the lower trendline. Potential Bullish Rebound: A bounce from this support zone could see ADA targeting the resistance zone at $0.38 - $0.39. The engulfed area suggests a possible reversal signal. Clear Resistance: The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout. Downside Risk: If support fails to hold, the next potential drop could bring prices lower toward $0.30.
by melikatrader94
7
#ADAUSD 1DAYADAUSD (Cardano vs US Dollar) Timeframe: 1 Day (Daily Chart) Pattern: Uptrend Channel Description: The ADAUSD pair is currently exhibiting a well-established **uptrend channel** on the daily chart. This pattern is defined by a series of higher highs and higher lows, with the price consistently moving within two parallel ascending trendlines. The lower trendline serves as dynamic support, while the upper trendline acts as resistance. The price action within this channel indicates that buyers are in control, with bullish momentum driving prices higher over time. Forecast: The recommendation is to take a **buy** position, as the price is expected to continue moving upward within the channel. The trend shows strong bullish signals, and unless there is a break below the lower support line, the uptrend should persist. If the price approaches the upper resistance line, it may face some temporary consolidation or correction before continuing higher. Entry Point: A buy entry is suggested near the lower support of the channel for optimal risk-reward. Stop-Loss: Place a stop-loss slightly below the lower support line of the channel to mitigate risks in case of a downward breakout. Take-Profit: The take-profit target should be set near the upper resistance line of the channel, or you may trail your stop-loss to lock in profits as the price advances. A breakout above the resistance line could signal further upside potential.
BINANCE:ADAUSDLong
by PIPSFIGHTER
ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
ADA 1W - It's closer to 0.24 than 0.51ADA 1W - It's closer to 0.24 than 0.51 If it breaks the small bullish channel that is forming (below 0.315), it's better to be out because it will surely not stop falling to 0.24. If it finishes breaking the bearish channel and reaffirms the price above 0.315, we can start thinking about serious increases in this value. LEVELS: SL1: 0.24 SL2: 0.10 TP1: 0.51 TP2: 0.88 TP3: 1.25 - 1.27 Before reaching 3M, we must first reach 1M and then 2M. My divinatory arts only allow me a more measured view :) The price of ADA first has to make a consistent bottom that allows it to attack the EMA 50 in 1W. As long as it is below, we are still bearish even if it goes up. To ride a bullish wave, we must look at the new INCREASING HIGHS and new INCREASING LOWS and set our SL at those increasing lows. All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Short
by DeuXfi
ADA EOY targetsHello Tradingview community! As always: If these patterns I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR The chart explains it all pretty much.. From my own TA perspective, it seems that BINANCE:ADAUSDT could be at around 0.60 - 0.80 cents EOY and potentially even the 1 dollar mark. What about downside? Well if Bitcoin takes a massive dump then ADA could hit the 0.25 - 0.31 zone (i find it unlikely) Even though I'm clearly more bullish than bearish I still ALWAYS consider downside while being it. Just an idea, BOOST if you like it and follow for more! NFA DYOR <<<<------
Long
by RandomTAdude
2
ADA - Breakout or FAKEOUT?In many ways, ADA reminds of XRP. And that's not a compliment... Big promises, cult following, failure to reclaim previous highs etc. Either way - ADA can and will still be traded, and profits can be made. However, another worrisome thought is that (like XRP) many bagholders may be waiting to sell around every corner. This causes extremely tough resistance zones, and is often the reason why the price just cannot seem to get "back up there". The clear higher lows after a bottom is a bullish sign - but is THIS the breakout? I don't know. This current resistance zone will tell. Either we smash through it and close daily candles ABOVE, or it wicks above and then drops hard to the lower side of .30's. _________________________ BINANCE:ADAUSDT
by CryptoCheck-
4
On the way to 50 centsthe ADA is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Note: we should wait for the breaking of the triangle and than make a move! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4