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Cardano ADA can show new dipHello, Community! Let's continue analyze crypto assets using SmartBot. I will remind you, this is an automatic trading strategy which defines the dynamic support and resistance levels, adjusting entry and exit points according to current market state. Today it's time for my favorite altcoin CRYPTOCAP:ADA . On the ADAUSDT price chart we can see that since start of July SmartBot have already succesfully closed to position in profit. It had two entries at $0.287 and $0.27 using DCA approach. Notice how perfectly the second level corresponds with the local bottom. After that the bounce has ended exactly at the dynamic resistance level which has been defined by the strategy. After closing the trades script has generated the base, which is pointed out as old base, but this base was not valid becuase we have the current base formed before reaching any support level. Now we have the new base at $0.283 which is about to be broken. In case of breakdown it's likely to see the dip to the four support levels. Support 1 is located at $0.276, support 2 at $0.268, support 3 at $0.255, support 4 at $0.233. When one of this support will be reached the resistance level is gonna be generated as well. Best regards, Skyrexio team __________________________________________________ 🔥Follow and smash the rocket 🚀 button to support us🔥
by Skyrexio
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparisonUSD vs CRYPTO : macro look, usdt.d in the mix, alt comparison wow lot here but some clear ish macro trends. seems either 1 of 2 spots, once again. see the flags. 1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off. 2. dxy is done, loses this key support and rolls over giving risk on assets like btc a huge pump. in this case a % comparison for ADA (i think a good example of 'ave top alt performance') against btc is shown from that bottom. choose your alt wisely, hodl, and ye shall be rewarded. looking like 2. to me tbh but iam obviously biased. would love to also see what macro patterns you see here? seeing something different? gl
CRYPTOCAP:USDT.D
by Crypto-Quantum-Fox
ADAUSDT - Bottoms In, Bullish EngulfingHi Traders, Investors and Speculators of Charts 📈📉 ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe. After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in the weekly timeframe which is extremely bullish for Cardano. We also observe a similar pattern playing out back in Feb 2020, when another long wick formed followed by a strong v-shaped recovery. This was the start of the next major bull run for Cardano. Is the bullish price action on Cardano as a result of the recent Hydra update? 🤔 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck __________________________ CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD.P COINBASE:ADAUSD BINANCE:ADAUSD OKX:ADAUSDT.P KRAKEN:ADAUSD BINANCE:ADABTC
Long
by CryptoCheck-
48
ADA – New Trading Range• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD. • During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support. • The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside. • Big picture, I am assuming that ADA will move higher. • Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious… • This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware. • It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide. Trade Idea: This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower. • Entry: 0.278 USD. • SL: 0.27 USD. • Target: 0.46 USD. • TP: 0.32, 0.37, 0.42, 0.46 USD. NFA What do you think? Please share in the comments Best wishes to all.
Long
by NewThoughtCrypto
CARDANO, The ADAUSDT analysisHello, traders! My analysis of this chart is that; The price of Cardano has reached the supply price range in the market for the second time now, and market resistances (daily moving averages, 100 and 200) give us a signal of price correction. my opinion is the minimum initial price increase in the next 24 hours is $0.3500 and then we have to wait for the behavior and reaction of the price to resistances. I entered the market with a long trade. Please note that investing in cryptocurrencies can be risky and you should always do your own research before making any investment decisions. #ADAUSD #ADAUSDT #CARDANO
Long
by Arash-RK
ADA LTF Long Trade ADA managed to get above the 0.29 USD resistance level. This is the first promising signal that maybe ADA’s downtrend is over. Currently ADA is oversold on the LTF. That doesn’t mean it can’t go higher without a meaningful retrace. ATM, ADA doesn’t look like it has the power to push up, at least IMO. Therefore, I will for a retrace to demand zone between 0.275 – 0.283 to consider a long trade. This is trade no.2 from my previous ADA idea, linked below. If you took trade no.1, congratulations; you are in profit, protect it. NFA. What do you think? Please share in the comments. Best wishes to all.
Long
by NewThoughtCrypto
What is Going on with ADA?TLDR: • If you are a holder/ long-term investor ADA is in a DCA zone, IMO. • Short- term it is not clear, yet, if ADA has bottomed. • Arguments for and against a bottom are mentioned below. • Possible long trade mentioned below. • ADA is a high-risk asset, at least for now, you need to be aware of it before considering a long. Background: • ADA lost its upward sloping support trendline on May 21st. • ADA failed to reclaim the trendline and the 21D & 50D EMAs on May 28th. • Following the SEC’s legal attack on ADA (among others), ADA’s price dropped more than 40% and made a new bear Market low. • Currently it looks like ADA is Trying to form a bottom structure, but it is not clear if the bottom is in or not. Arguments for a Bottom: 1. ADA is Extremely oversold. 2. ADA formed a Tweezer Bottom on the daily chart. I admit that there is scant evidence of a bottom ATM. However, I don’t think it is wise to short an oversold asset. So, as far as I can see, the best approach is to sit and wait. Arguments Against a Bottom: 1. ADA is below a weekly support level, flipped to resistance. 2. There is no rejection of lower prices. All I see is a consolidation below resistance which could go either way. 3. ADA left a huge wick to the downside (more than 20%). My experience shows that wicks get filled. Until at least 50% of the wick is filled, it is unlikely that the bottom is in. (You probably know who is teaching wick fills. Unfortunately, I cannot mention a name, or provide a link, as it is considered a promotion on the TV platform) In short, there are better trades out there. However, if you are a believer and a long-term investor in ADA this could be an opportunity of a lifetime. Accordingly, I have long trade ideas for ADA. Trade Idea No. 1: • Entry: Between 0.2446 – 0.2168. You must wait for at least a partial wick fill and a clear rejection, with volume, to the upside. • SL: Below the latest daily candle low. • TP: 0.2756, 0.3188, 0.3780. Leave a moon bag. Trade Idea No. 2: • Entry: 0.2756. After retest as support. • SL: below the daily candle. • TP: 0.3188, 0.3780. Leave a moon bag. NFA What is your opinion? Please share in the comments. Best wishes to all.
by NewThoughtCrypto
ADA whales drive Cardano price towards $0.3, Investor optimismADA Whales Propel Cardano Price Closer to $0.3, Inspiring High Investor Expectations Following a significant decline in early June, wherein Cardano experienced a 30% loss in value, the altcoin is now witnessing a remarkable resurgence. The market-wide recovery has contributed to a nearly 6% increase in the past 24 hours. However, the optimism surrounding ADA extends further, as whale holders demonstrate strong bullish sentiment this week. As the broader crypto market rebounds from recent lows, with Bitcoin inching closer to $30,000 and several altcoins experiencing gains, Cardano finds additional support from a crucial group of investors. Cardano Price Reclaims Ground At the time of writing, Cardano's price hovers above $0.28, bridging the gap left by the early June crash. This third-generation cryptocurrency endured a substantial blow when it incurred a loss of over 30% within a week. However, fueled by overall market bullishness, ADA is now approaching the $0.3 milestone. Notably, the altcoin has surged by approximately 7% in the past 24 hours, accompanied by a sudden increase in the interest of whale investors. The influx of these investors is evident in the total inflow of addresses conducting transactions worth over $100,000. They have collectively acquired around 263 million ADA, valued at approximately $71 million presently. Recognizing this favorable trend, it appears to be an opportune moment to accumulate cryptocurrency assets, leading us to consider a strategic long-term investment approach through Buying Deep.
COINBASE:ADAUSDLong
by FOREXN1
2
ADA CARDANO- Support (and patience) 🥱💤Some charts prove me right immediately, some other fail me completely and some just take time to deliver. Cardano is in the third category. Boring as usual, till it becomes exciting; it will. With BTC dominance over 50% major ALTs are not favored (yet). This is still Bitcoin time: Bitcoin needs to rise fast, some alts will over-perform it but the vast majority not. BTC Dominance: News: Cardano Introduces Latest Node Version On Mainnet : To improve the performance and functionality of Cardano, developers are urging stake pool operators (SPOs) to swiftly adopt the latest Node version, 8.1.1., released on Monday. This release aims to optimize operations across the platform by dispersing epoch boundary computations throughout the entire epoch, leading to enhanced efficiency. The upgrade is aimed at improving the user experience and smoothness of the Cardano blockchain network. It focuses on reducing epoch transitions, which are periods on the Cardano blockchain lasting approximately five days. Still, we will need way more news and action than this... it will come Regardless, price on Major support and perhaps great time to add to our bags at thisd stage (again?..no personally will just wait atm) One Love, The FXPROFESSOR 💙
Long
by FX_Professor
6
I Cannot Short This !!!The ADAUSDT is in a Bullish phase by strong bullish rejection. The price shows a strong bullish rejection from the PRZ ZONE. ⬆️Long if we break the 0.236 fib level 🌟 Bullish signals are: - strong bullish rejection - PRZ ZONE - Bottom of bollinger band ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7
ADA - CARDANO - in charles we trust ; the neverending story IVADA - CARDANO - in charles we trust ; the neverending story IV Ok, this ship looks to me to be turning. its all there on this blessed chart. which i diligently read the tea leaves for you to succeed in this casino. cardano did 100x+ TWICE. from the same frigin price point in two different cycles. iam pretty sure she goes for a third. does it all play out exactly the same? maybe, prob not, but i bet it will be pretty similar. key points here; check that momentum signature at the bottom there. the same shape. same levels basically. maybe we get that second option for another nuke 40% or so but my money (irl) is on that relief bear market pump first. then some black swan to wipe everyone out again and thats when cycle 3 begins. this will be my last ADA chart for awhile. think ive been over doing it. now we've had some interesting price action it was time to do this last one and sit back and see what happens. I AM ACCUMULATING lfg. take me to the promised land charles.
BINANCE:ADAUSDLong
by Crypto-Quantum-Fox
21