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Cardano(ADA/USDT) Price May reach $0.5 Very soon! Crypto markets go green within the beginning of the fresh weekly trade as Bitcoin price successfully sustains above $17,000 for more than 24 hours. Cardano's price also received a significant bullish push that assisted the price to rebound from the lower bottom and raised beyond $0.34 since the beginning of 2023. It appears that the bulls again entered the ring as the trading volume soared more than 100% in just a couple of hours. With the massive upswing, the ADA price remained in the spotlight as it breached several short-term indicators and previous resistance zones. Trading currently at around $0.315 after rebounding finely from the bottom at around $0.24. The bulls managed to break above the 8-day EMA and 21 -day EMA, indicating the revival of the bullish trend as they have collected several liquidity barriers. The price due to the market crash in the last few days of 2022, plunged below the support levels of the descending parallel channel. The token hovered below the channel for a short time frame as the recent bullish push raise the levels back above the channel. However, the price is witnessing significant bearish pressure at the moment with an intention of lowering the price levels below $0.3. However, the bulls appear to be pre-determined as the price levels are held tightly above $0.31. If Cardano successfully maintains the day’s close above $0.3 and the weekly close above $0.35, then the path towards $0.5 may be validated. The price may maintain a notable upswing regardless of the bearish interference which is expected at frequent intervals. The bulls after a certain period may get exhausted and allow the bears to jump in. This may slightly impact the progress of the rally aiming for a price slash towards the 21-day MA level at $0.26.
by Coinpedia-Market-Insight
1
Cardano (ADA): a good startWhole previous year was not at all good for ADA, as the coin reached new historically lowest levels. The coin ended the previous year at level of $0.24 which is a new low for this coin. However, the start of a year was in a more positive mood, as ADA managed to revert a bit its price and erase some of the previous losses, by reaching level of $0.28, where it is ending the week. Daily trading volumes continue to be extremely low for ADA, but on a positive side is that buying orders were dominant on the market during the first trading week in this year. In line with the spot market, RSI was pushed to the levels above 50, which indicates that the market is more oriented toward the overbought side. Moving averages of 50 and 200 days did not change their course and continue to move as two parallel lines with clear downtrend. As per current charts there is potential for ADA to test the resistance line at $0.30, but it will occur only if there is enough market strength for such a move, considering quite low daily trading volumes. On the opposite side, the price might revert a bit down to $0.25 to test this level for one more time.
COINBASE:ADAUSD
by XBTFX
Morning Update: Crypto Goes Boom! Part 1Boy, is it nice to be awaken in the night to sound of alert beeps going off and its NOT because Crypto is going down. After completing its initial wave 1, ADA price experienced very short and shallow wave 2. We obviously wake up this morning to a wave iii of 3 extending beyond standard Fibonacci resistance areas. Given the extension, we now expect a minor wave iv and v for our wave 3. A wave 4 and 5 should follow. If ADA remains impulsive, and continues to extend, this wave (i) on an intermediate basis should conclude in the areas of the next Fibs .359 to .393. Best to all, Chris
BINANCE:ADAUSD
by maikisch
2
ADA came to play! If you find this information 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! Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed of all the fun non word noises. Got a move up, but I missed it! So, here are some of the areas I am looking at for a possible bear and bull entry, long and short term. Cheers!
Long
by CryptoKnee
2
ADA took an uptrend last week and was in high demandADA took an uptrend last week and was in high demand right after hitting the important $0.22-$0.25 support. The downtrend line inside the channel has been broken on the daily timeframe, which can be a good sign for a change in the trend on the daily time. Of course, this needs more time. Only in the 4-hour timeframe, the price trend has increased, and according to the last candle of the day, which is a bearish candle, the price can enter a corrective wave. One of Cardano's strong and important supports is considered to be in the $0.255-$0.257 range, and hitting this level could generate a strong positive reaction. Another point is that the price is still in a narrow ascending channel in the 4-hour timeframe, and if the bottom of the channel is broken, the first support can be considered in the $0.270 range. If this support is broken, the second support can be very powerful in maintaining the trend.
by MonoCoinSignal
5
ADA USDT 1H CHART ADA USDT 1H CHART 2 different scenario for cardano at 1 h chart overall market in 1 h is bullish but we can see spike and break the long term descending channel and then price form the micro ascending channel after spike at 1 h chart also we can see huge bearish divergence between price and rsi so i personally think the red arrow {bearish scenario} has more power and possiblity but for that we need confirmation... at least break the ascending channel with good bearish momentum.
Short
by khashayar_taheri
ADA more pain to comePlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. After two successful Cardano short calls I think we are still not done yet. There is bigger triangle breakout target @ 0.19 which is -27% from current price therefore I'm letting part of my early shorts still in play. As always, don't chase the marke t. Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
4
Special Update: I said I would never do thisI am begrudgingly posting this micro of ADA. Full disclosure, based on what Mr. Internet and the Google Machine says... I am now considered an ADA Shark . From what I have read anyone owning between 10,000 to 100,000 ADA is considered a shark...LOL. I currently own just south of 21,000 ADA. I am in the process of deciding to whether to build that position to 100,000 or stand put. But when I started coverage on ADA I specifically stated I would not post micro counts. However, due to the sheer amount of DM's arguing me to track ADA more closely...I am a proponent of the good people who chose to follow me...so in many ways...I have no choice. ADA appears to have the beginnings of a bottom. What constitutes a bottom in ADA? I need to see an impulsive 5-wave structure that initially trades above $0.28, then trades above $.034. Only then can I begin to consider a long-term bottom in ADA has been struck. We're a ways away from that happening. But in the immediate, we're making good progress. Best to all, Chris
BINANCE:ADAUSD
by maikisch
7
Cardano (ADA/USDT) Price May Not reach $1 So SoonAfter a long period of decline, the Cardano price trend is showing signs of becoming bullish. The ADA token has been falling for over a year without any indication of recovery. The price dropped into a liquidity zone, where buyers were scarce, hindering growth in 2020-2021. However, with the new trade set-up, the ADA price is trying to break out of the bearish pattern and increase significantly. Many believe that 2023 will mark a change in trend and that the Cardano token price will increase at least slightly this year. Since reaching new highs and failing to sustain a significant upward trend, the ADA price has been largely bearish. However, the price has been trading within a narrow range during H2 2022 and is expected to experience a strong bull run soon. After breaking out of the inner parallel channel, the ADA price is predicted to rise beyond $0.40 to $0.42, which is the first target for the upcoming rally. The second potential target for growth is around $0.80, which is expected to be reached by the end of 2023. However, bears have a strong grip around the $0.9 region and a significant rejection could cause the price to drop as low as $0.23. It is expected that the Cardano (ADA) price will remain bearish for an extended period, possibly even falling to $0.12 in 2023.
by Coinpedia-Market-Insight
1
ADA another -35%? 😱Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This looks ugly. Cardano broke down this triangle📐 and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)... ...but setting SELL LIMIT order to previous range low to add another short position on the potential pullback. ENTRY : local low @ 0.4313 STOPLOSS (SL) : local high @ 0.4825 TARGET (TP) : height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 0.2650 REWARD RISK RATIO (RRR) : 3.25 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
16
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Cardano (ADA) Cardano is about to close 2022 as one of its worst years. With a new low in 2022 at $0.24, there seems to be no stop to the current downtrend. After losing 5.7% of its valuation in the past seven days, ADA is still in search of support. At this time, the most likely support level to stop the downtrend is found at $0.20. This key level may provide ADA with some relief because it could entice buyers to finally return after being absent for most of 2022. Looking ahead, the outlook for this cryptocurrency remains bearish after losing more than 92% of its valuation since its all-time high at above $3. Hopefully, in 2023, ADA will be able to find support and start a sustained reversal to recover some of these most recent losses. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
Evening Update: Did ADA bottom?When I started tracking ADA I stated I would not track ADA on a micro level. I still feel the same way, but I reserve the right to change my mind. I have added an additional 10,000 to my original 10,000 and have staked all 20,000 ADA on Kracken. This s not a position I am trading in and out of. However I will say, the long term chart looks like it's coming into trend line support but would like to see $.33 breached to start to give me confidence we have struck a long term bottom. Sorry, no micros. Best to all, Chris
BINANCE:ADAUSD
by maikisch
4