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ADAUSD Potential for Bullish Rise| 20th January 2023Looking at the H4 chart , my overall bias for ADAUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my pullback buy entry at 0.3294, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 0.3067, where the support and 50% Fibonacci line is. Take profit will be at 0.3808, where the overlap resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:ADAUSDLong
by Rockqet
ADA Update: Triangle InvalidatedEarlier today I posted ADA looks ready to complete wave 1 up at $.39 level. In what looked like a clear triangle for wave iv of 5 has been invalidated with this move down. Therefore we have several ways to interpret this pattern. First this is still wave 4 and nothing there is invalidated and the $.39 target area for wave 1 is still in play. Second, wave 1 is complete. If my primary black count is playing out, we must hold the wave 4 of one lesser degree (indicated on the chart). If we get below that and then subsequently into the purple target box, then this is a larger wave 2 retrace. Having just updated on ADA and identified in what looked like a triangle...I wanted to inform my followers due to recent price action, where we are. Best to all, Chris
BINANCE:ADAUSDLong
by maikisch
2
CARDANO ADA symmetric triangle Cardano made a nice push up and Now on the hour a trapped in a symmetrical triangle. 50/50 breakout chance and pay attention to the MA50 on this timeframe we are dancing around it now. Should we really get below it with a clear rejection then that could bring the price further down. Both the price target of the symmetrical triangle and the MA200 meet with it. Yet we also see a downtrend in the MACD and it is desirable that it would remain above the midline to remain bullish. for both scenarios it is desirable to see a re-test but is not a must. Keep calm, do your own research, trade safe and manage your risk. (Disclaimer: This is not financial advice)
KRAKEN:ADAUSD
by Tims.Technische.Analyse.
Morning Update: ADA poised to complete wave 1 at $0.39In what appears to be a clear wave 4 triangle, ADA appears ready to launch 10%-15% higher to complete this initial pattern off the bottom. From there we would expect a wave 2 retracement. I'll say this in advance as to not give any of my followers the improper expectations. Wave 2's are far more unpredictable than any other corrective patterns. That is because of alternation with wave 4's. This means wave 4's take cues from wave 2's. A wave 2 can be deep....or shallow. Whereas you do not get the complex patterns associated with wave 4's, you do get the deep-shallow uncertainty. Lastly, there are many posts on trading view about crypto having not bottomed. That is not my viewpoint as it pertains to Cardano. I believe ADA had bottomed. If you choose to trade out of ADA you do so with the risk of a wave 2 being shallow and being left behind. However, with all things regarding your trading...these are your decisions. Best to all, Chris
BINANCE:ADAUSDLong
by maikisch
4
Cardano - Explosion is ticking! Bull flag ready. ADA is definitely ready for a massive breakout on the major 3D/1W chart! I see a lot of signs, which I will show you in this analysis! The first bullish pattern is this huge falling wedge, which is very close to a breakout, and you probably want to catch this upcoming explosion! Also, we can see the previous descending triangle that broke down in fall 2022. Descending triangles occur before the end of the downtrend, so keep that in mind! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On the way up, I see only three significant resistances. The first is the previous wave A, because people can speculate on its continuation to the downside to make an impulse wave. The second is the 0.618 FIB on the LOG scale, which is undeniably strong resistance along with the beginning of wave B. And the third resistance level is the previous all-time high. From the Elliott Wave perspective, the whole downtrend from September 2021 to December 2022 looks like an ABC ZigZag correction. This ZigZag is inside the bullish flag, which is especially powerful. Wave C finished at the 1:1 FIB extension from wave A to wave B and at the 0.5 FIB of the previous bull market from 2020-2021, so it definitely makes sense to me. Taking profits at the 0.618 FIB appears to be very efficient because after prices reach this level, we can expect sideways price action or a downside correction. The crypto market shows strong signs of a trend reversal, and I believe Bitcoin could reach around 30k pretty soon! More Bitcoin ideas will be posted soon, so stay tuned, and I wish you great success and happiness! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
70
ADAUSD - Upward move coming - 2023!It looks like Cardano it's going to start 2023 well. On the 4-hour timeframe chart(left), Cardano's price is showing Regular Bullish Divergence. The Divergence is indicated by the Relative Strength Index and the Stochastics. On the daily timeframe chart(right), Cardano's price is showing an Oversold condition. The Oversold conditions are indicated by the Bollinger Bands, Relative Strength Index, and Stochastics. Both charts complement each other. The new innovative plans for 2023 are in line with these ideas as well. Enter your long position only if/when the candle closes above the key level and confirms it as a support. All further details are shown on the charts. Good luck!
BITFINEX:ADAUSDLong
by vf_investment
10
CARDANO Historic Cup & Handle slowly starting the new BullCycle?Cardano (ADAUSD) is having a good start for the year as the price is about to hit the 3D MA50 (blue trend-line). This is the level that has been unbroken since November 15 2021, basically throughout almost the whole Bear Cycle. As you realize a break-out above it would be a major bullish development for Cardano. Such a break on January 07 2019, was what effectively confirmed the start of the previous Bull Cycle. At the same time, the RSI broke above its Lower Highs trend-line, which is exactly what happened this week. As you see, based on the Jan 2019 fractal, an RSI pull-back now would mean short-term loss of strength for ADA but when a full 3D candle closed above the MA50, the price made the break-out towards the 3D MA200 (orange trend-line). Its target was the 0.382 Fibonacci and this is what we will target (0.6400), in case we get that candle closing above the MA50. This time however, ADA has another strong pattern to support the idea of a new Bull Cycle and that is its historic Cup and Handle (C&H) pattern that has been trading in since January 2018. As you see, the current Bear Cycle (being within a Channel Down) can be viewed as nothing but the Handle of the Cup. Technically the target on such patterns in extremely high, which would be unrealistic based on its market capitalization, but holders can finally start believing a little more to new All Time Highs for ADA. For now take a quarterly step at a time and use the 0.382 Fib and 3D MA200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ADAUSDLong
by TradingShot
5
Weekend Update: ADA and Solana...Can I get an AMEN?????This will be quick. Can I get an AMEN? I love Elliott Wave Analysis...guys I've been doing this for a long time...but to see price go where projected never gets old. Tonight I'm doing well, and hopefully my followers have as well, off ADA and Solana purchases in the last month. Post comments if you're reaping the rewards of taking the risk a couple weeks ago when most were saying the crypto world is ending!!!!!!!!!!!!!!!!!!! Time to celebrate!!!!!!!!!!!!! Best to all, Chris
BINANCE:SOLUSDLong
by maikisch
27
How To Swing Trade CardanoAfter twenty five years trading this is my favorite strategy to trade Cardano . The 8 hour time frame is ideal for swing trading with three potential signal periods a day. This accounts for the Asian, European and American sessions allowing you to have the rhythm of the market. The 8 hour also does a fantastic job filtering our noise while holding trends yet giving you early warnings of trend changes to get out. I highly recommend this for something willing to put in the extra work required to swing trade for the extra profit potential it offers.
BINANCE:ADAUSD
by JordanLindsey
3