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ADAUSDT,🟢Still bullish...?!🟢(Details on caption) By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend. In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target. Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone. What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency. 💡Wait for the update! 🗓️25/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
ADA/USDT Breakout AlertBreaking Horizontal Resistance. Potentialy New High ! .................................................................................................................. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing.
KRAKEN:ADAUSD
by CryptoTrend-Alerts
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone! In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA : Short-term: ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025. Midterm: There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed: (1) Basing with a double bottom at 0.262-0.219c (2) Rounding bottom (half blue circle) Long-term: ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier. So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025. Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH). Closing Notes: This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly. Please give a like and follow to this chart if you appreciate this chart and the work put behind it. Best of luck and happy trading! Carl M.
BINANCE:ADAUSDLong
by BitcoinGuru
1
Looks good in the long run.Cardano currency broke its 900-day downward trend in daily time and increased the possibility of growth. For friends who are looking for mid-term and long-term investments in digital currencies, this currency can be a good option that has the possibility of growing up to 90% and also 300%. But such growth requires a little patience because we have to wait for the breaking of the important resistance range and the stabilization of this breaking in the daily time. The important range of resistance in the daily time for this currency is specified in this analysis. Also, in the time of 4 hours, a corner pattern is forming, which can cause the correction of this currency. In this analysis, we went into a lot of detail about the future and support and resistance for this currency
Long
by karaco2022
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 Cardano Price TargetIf you haven`t bought ADA at the beginning of the altcoin season: With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for ADA Cardano is the next resistance, $0.62.
Long
by TopgOptions
ADA Bearish ☁️ - Downside Trend On the 3-Day & 1-Week HorizonsThe prices of cryptocurrencies were little changed over the past 24 hours as investors digested the past days’ signals that the expected US rate cuts will be delayed until May or later. Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Polkadot facing bearish clouds, according to ATTMO. As for Ether, Binance Coin and Ripple’s XRP, they should all profit from a bullish sun. Over a one-week horizon, this bullish sun will shine over Bitcoin, Polygon and Chainlink, while the other altcoins covered by ATTMO are set to face clouds and downside risks. Follow us for more crypto weather reports!
Short
by ATTMO
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099