Adausd
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano formed a bearish head and shoulders formation, which is about to resolve soon. If confirmed, that would mean the price could break lower. ADA also lost 5.4% of its valuation this past week.
The key support at 38 cents is critical for this cryptocurrency as it will determine the price action in the weeks to come. The Bears appear to have the upper hand right now, but things could still go either way.
Looking ahead, expect volatility to increase as the price approaches the key support. If buyers cannot defend this critical level, then ADA could fall towards 35 cents next. The key resistance is at 41 cents should buyers suddenly return.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ada short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ADAUSDT → Recovery on the back of market growth ADAUSDT forms a support base on the background of a technical pullback in the area of 0.3750-0.3800. An uptrend is forming after breaking the previous one.
Bitcoin recovered most of its fall yesterday. One of the main reasons is again related to the banking sector.
Cardano also reacts to the growth of the flagship. The price makes a retest of the key resistance area of 0.4000. If the bulls can take control of this area, the cryptocurrency may reach the previously mentioned targets in the near future
Moving averages act as a support area, an uptrend is formed.
Strong support: 0.3800
Strong resistance: 0.4000, 0.4600
I expect, that on the base of cryptocurrency market recovery cardano can overcome important resistance and will continue its growth in the direction of 0.5500-0.6000
Sincerely R. Linda!
ADA/USDT 1DAY UPDATEHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano managed to hold onto a price above 40 cents, despite the most recent correction that saw it test the support at 38 cents. This also allowed ADA to book a minor increase in the price of 1.4% this week.
The biggest challenge for ADA is to move above 40 cents which is the key resistance at this time. If the overall market remains bullish, then this cryptocurrency could explore higher levels.
Looking ahead, Cardano is found in an uptrend, and so far, buyers have the upper hand. As long as they can defend the support at 38 cents, the price has a good chance to move higher over time.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADA could rise at 0.5 and aboveAfter the high in the middle of April, AdaUsd started to correct and found support at 0.38.
With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable.
0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above.
As long as 0.38 is intact, I'm bullish
✅TS ❕ ADAUSD: broke an upward structure✅✅ ADAUSD has fallen below the resistance area.
The chart has broken the upward structure.
We believe that the asset will continue to decline. ✅
🚀 SELL scenario: short to 0.3829 🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADAUSDTADAUSDT
Thoughts
An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation).
Here are some sample thoughts for those who want to enter a position on futures:
ADA long
Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line)
🔘Position addition: 0.4005
Shoulder: 5-10X
🟢Take-Profit: 0.4960 - 0.5552
🚫Stop: 0.3736
Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -...
If you like the idea, don't forget to subscribe and rate like👍
Cardano: ending a reversal ?The price of ADA was strongly supported by the news about Milkomeda`s EVM project during the previous period, which pushed the price to the higher grounds and level of $0.46. Still, due to generally negative market sentiment, the price could not hold at this level, so it entered into a bit higher reversal down to $0.37 on Friday. Still, the coin is finishing the week by testing the $0.40 resistance line.
Two weeks ago RSI reached a clear overbought side, which was an indication of forthcoming short reversal. Cycle of reaching the oversold side is still not over, as the indicator finished the week around level of 44. On a positive side is that the MA50 is still diverging from its MA200 counterpart and is still supporting the Golden cross.
As of the weekend, buying orders emerged, which is generally positive for the coin. It means that the price could be supported at current levels during the week ahead. The market will continue to test the $0.40 resistance line, with lower probability that it might be clearly breached to the upside. On the opposite side, there is a weak probability that $0.35 support might be tested in the week ahead.
[cardano] by elo.Good 4vening anon,
---
Cardano ascended through a quintet of waves,
originating at 0.0185 and culminating at the zenith of 3.0996,
before gracefully descending in an impeccable five-wave pattern.
A series of five downward waves often signifies either the commencement or the conclusion of a phenomenon -
in this particular instance,
I postulate that it merely represents the onset.
---
Anticipated Wave B target: 0.86
Projected Wave C objective: 0.07
ADAUSDT Long ideaCardano broke the lower channel a few days ago and entered a higher channel. But with the decrease in the price of Bitcoin, I think there is a great opportunity to buy again in the retest to touch the top of the channel.
⚠️Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak.
Lets jump right in with PRICE ACTION ( on daily timeframe)
We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day.
We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above.
I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought.
I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here.
I think this move is the move i was expecting from the BEARISH DIVERGENCE.
From that, we should look at our indicators and how the move.
RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support.
MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this.
CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info).
Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree.
I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out!
DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanks
#ADA/USDT Long Term Price Targets. $9 Possible by 2025!Welcome to this quick update everyone.
ADA has been trading below the resistance since October 2022 and broke out in the last weekly candle.
This is a nice development in the price action.
Technically ADA can go for a run of 40x in the next bull Run.
Is it possible? Well, I don't know but what I can see in the chart is it went 167x in the last Bull Run.
Considering the worst-case scenario I think 10X would be a decent target in the next 2 years.
The best Accumulation Zone would be $.34 to $.44.
Target:- $0.94 in the short term.
Long-Term Targets:- $3.6 TO $9.22
What are your thoughts on this?
Let me know in the comment section and do hit the like button, it motivates me to post more often.
Thank you
#PEACE
✅TS ❕ ADAUSD: fixed above the support area✅✅ ADA is moving in an uptrend.
The chart has fixed above the support area.
We think that the asset will continue to grow. ✅
🚀 BUY scenario: long to 0.4566 🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADA's situation+next targets and expected movements.ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.7 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ).The break out has occurred . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for ADA will be around 0.7.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
🌍Thank you for seeing idea .
Have a nice day and Good luck.
ADAUSD cardano big Pump?hello everyone... alot of whales are jumping in the cardano lately... and recently the price has broken through main resistance level will it pull back? at this point chances are very slim since its heating up with investors.. as long bitcoin remains bullish to reach its highest at 32k.. most likely cardano will each it's highest at 0.60
in 4hr timeframe support are 0.44 and 0.42 it can likely test back to..
this is an update to my previous analysis...
good luck to all investor...