ADA is going to increase soon!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 0.70 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 not Happened yet.
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Have a nice day and Good luck.
Adausd
ADA : CYCLE VIEWToday, ADA appears to be re-entering a new trend, but the question remains as to what this means for the long term. For day traders, it is essential to monitor the day trading since there are no guarantees for any trend.
There is a good chance that ADA could enter into a new cycle, but we have yet to see a sustained increase trend for the coin in the long term. The critical question is whether ADA is going to experience genuine growth that will bring sustained increases over the long term.
ADA is a coin that has the potential to reach and exceed the $1 mark. Only time will tell if ADA can continue to build on its past successes and reach new heights coming time.
Today it shows interesting, and we will see if it's able to rebuild the trend.
Movements for mid- to long-term trend reversalHello?
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(ADABTC 1W chart)
In order to continue the uptrend, the price needs to be maintained at least above the HA-Low indicator.
I think that below 0.0000 1641 is a mid- to long-term investment area.
Therefore, the key is whether it can rise above 0.0000 1641 and above the HA-Low indicator.
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(ADAUSDT 1W Chart)
Since the HA-Low indicator is passing around 0.2974, if the price is maintained above this point, it is a mid- to long-term buying period from a trading perspective.
However, if it drops below 0.2974, that is, the HA-Low indicator, there is a possibility of renewing the recent low, so you need to think about countermeasures.
As the Bollinger Bands begin to contract, being able to keep the price above 0.2974 becomes more important.
(1D chart)
It can be seen that the highs and lows continued to decline, and the trend was broken after around December 30, 2022.
Therefore, if the current trend is maintained, it is expected to turn into an uptrend.
To do so, it is important to get support around 0.3206, the point of the HA-Low indicator.
If unsupported and falling,
1st: around 0.3032
2nd: 0.2524-0.2772
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
The question is whether it can rise above 0.3448 during the volatility period around March 22nd.
Mid-term and long-term trend reversal can take a long breath.
Therefore, those who want to buy ADA for next year's bull market can refer to this point and proceed with the purchase.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ADA H&S upcoming ?Hello Traders,
I guess am seeing ADA forming a head and shoulders pattern..
It may test the neck line soon at 0.6304.
In case of a break : I guess 0.6000 will be the first major support that the price can retrace from instead of going to the H&S target.
INVALIDATION : Dotted line ( above 6.53 )
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Educational :
What is Head and shoulders pattern ?
The Head and Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern.
If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head and Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
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cardanohey everyone,
ada is picking up good volume and recently break out of the falling wedge, price may or may not retrace to 0.30 but that is the main support as of now...
price can only fall below 0.24 if overall crypto crashes... previous resistance was 0.40 so most likely it'll break this time if price is bullish and the next estimated
target is 0.50 to 0.60
good luck
Cardano (ADA) formed bullish Butterfly for upto 13.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin.
On a 4-hr time frame, ADA has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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Well it got the bounce but not all is gravy, want to see this level break and continuation.
Falling back below .32 is going to be suspicious, but a nice corrective retrace to that level would be of interest.
Cheers!
ADA going to decay?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!
PA moved past the ideal area, It's hard to find TTT bounces, TBF.
Took an entry, shall see what the world has in store on ES/SPX open.
Still short in prof from .40s and hold this short.
IF there is at least a bounce .3487 is the level I'm watching.
Cheers.
ADAUSDT Daily: 04/03/2023: Bear or what?
Well, the price had a bullish reaction after collecting liquidity below 0.3555.
Now we expect the price to retest the supply zone again and then fall, or by considering a lower time frame, the price may fall from here.
💥Important note: If the price can break 0.3769, this TA would be invalid.💥
Cardano ADA Price targets if SEC will ban Crypto StakingCoinbase CEO says he heard rumors the SEC wants to ban crypto staking.
Already crypto exchange Kraken shuts down crypto-staking.
This will have ripple effects in the entire industry!
My price targets for Cardano ADA are:
ADA/USDT short
Entry Range: $0.35 - 0.38
Take Profit 1: $0.32
Take Profit 2: $0.28
Take Profit 3: $0.24
Stop Loss: $0.42
#ADAUSD - Breakout or Fakeout? We Predict Drops..#CARDANO has shown a small burst of excitement in the last few days with this little break of trend as illustrated, breakout or fakeout is the question?
After a historic 12 months of mammoth gains followed by a steady decline we can see the price heading back into an area of previous consolidation before the next big move occurs.
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ADA LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You