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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
Cardano (ADA) will finish bear market!Hello, everyone! Now it's time to talk about my favorite altcoin BINANCE:ADAUSDT . Couple of weeks ago I told you that the huge rapid dump in wave 3 is anticipated. The forecast was almost correct. The only one thing, I assumed that bull trap in wave 2 will be a little bit higher, but anyway $0.22 price target we have seen today. To understand what is coming next let's take a look at the price chart. After the bullish rally which we have seen in the first half of 2023 BINANCE:ADAUSDT has started it's last bearish impulsive wave. Wave 1 touched the support trendline. After the consolidation in the wave 2 we have seen the huge impulsive breakdown. Wave 3 had two targets $0.27 and $0.20. The area between these two prices is the target area which has been reached today. Awesome oscillator is also increasing the momentum to the downside, which confirms my assumption about the wave 3. If we assume that wave 3 has been finished or almost finished we have the clear target for the potential bounce where our automated trading strategy close the accumulated on this dump positions. The target is 0.38-0.5 Fibonacci retracement which is approximately $0.3. After the bounce I expect the last bearish wave 5 inside the last bearish wave in the entire bear market. It's too early to measure the target for the bear market bottom. We need waves 3 and 4 to be completed, but anyway I am ready for the upcoming bull market in the nearest future for Cardano. At the same Bitcoin can dumping, but BINANCE:ADAUSDT can show the sideways or even recovery during this period. If you ask me about my personal feeling about target price - I think $0.17 is gonna be the bottom. Best regards, Ivan _____________________________________________________________ 🔥Please, follow me and smash the rocket🚀 button to support me🔥
by Skyrexio
3
ADA...not this way! Not like this!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! This swift move down does not look great for the coin. Broke some pretty clear yuge levels, MO. So now for me its the waiting game. I could see either of these play out. But in the end I will be waiting for an nice impulse up and an internal retrace before an attempt at a long on this asset, I stll have my bags... wont be adding anymore to them atm.
Short
by CryptoKnee
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Cardano (ADA) plunged to a three-month low on Thursday, as traders remained nervous, following the recent U.S. Securities and Exchange Commission (SEC) lawsuits. After a high of 0.3376 on Wednesday, ADA/USD dropped to a bottom at 0.3196 earlier in today’s session. The drop pushed the token to its lowest level since March 15, when price was at a bottom of 0.3166. this decline came as the relative strength index (RSI) moved deep into oversold territory, falling to a low below 30.00. The index has since rebounded, and is tracking at 34.21, which is marginally above a key level of resistance at the 33.00 mark. Should this upward momentum continue, bulls will look to recapture the 0.3500 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Cardano non popular chart 💔Update: Cardano non popular chart 💔 I HODL ADA for long-term Looking on weekly chart without emotion and bias... ADA might correct🔻much lower dear Crypto Nation Even $0.095 or $0.053 would not be the end of future price gains - just Log-Fib Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:ADAUSD
by Crypto4Everybody
2
ADAUSD Rejected Three Attempts to Break Key Support#ADAUSD bulls holding strong at the $0.38 demand zone after three consecutive attempts to break below. But that's not all, a recent breakout above the downtrend trendline has added fuel to the bullish pattern. This is a clear indication of complete bullish domination, and we're excited to see where it goes from here. But we're not jumping in just yet. We need to see a daily close above the current resistance before making our move. And when that happens, we'll be on the lookout for a buy trade setup, targeting a potential 10-15% profit. Stay tuned for updates on #ADA and other exciting coins as we continue to monitor the market for potential trading opportunities. This is a time to be bullish, and we're ready to ride the wave!
Long
by MyCryptoParadise
2