Cardano has broken a monthly support!Support in the range of $0.305-$0.310 was considered for Cardano, where the price is still located. Positive divergences are observed on the RSI indicator. Also, due to the formation of the horizontal zone on the Ichimoku indicator cloud, there is a possibility that the price will return from this support level. But you should note that Cardano has broken monthly support, but if it can return above the $0.35 range this month, it is more likely that the break is fake, and the price will remain at the monthly support level. Buyers' short-term resistances and targets are in the range of $0.340-0.347; the second target is in the range of $0.360-0.370 and can be short-term profit-saving ranges. Note that the first resistance is the same as the midline of the main descending channel.
Adausd
✅TS ❕ ADAUSD: support level✅✅ ADA has adjusted to the support level.
The price has already started to rebound.
I expect growth.✅
🚀 BUY scenario : long to 0.376.🚀
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Cardano ADA price is trying to stop falling) Maybe it will growIf we look at the ADAUSDT price chart globally, we can say that buyers are mega-passive.
At a time when quite a few altcoins are trying to grow, the ADA price continues to move in a downward channel, updating the 2022 low in November.
And some very strong altcoins, such as MATICUSDT, have long ago left the falling channel and changed the trend of price movement.
On the other hand, the ADAUSD price has entered the liquidity zone of $0.28 - 0.35, where it is trying to round up and show signs of a possible trend reversal.
If you believe in the positive prospects of the Cardano project, then the liquidity zone of $0.28 - $0.35 is a good place to take a long position for part of the deposit for the long term.
Analyzing the current price behavior of ADAUSDT, it is hard to hope for rapid growth. But $0.60- 0.65 for ADA closer to the middle of winter 2023 why not ?)
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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 managed to temporarily stop the downtrend this past week when the price made a higher low. In the process, ADA kept its price at a similar level to seven days ago (or around $0.31). The big question for Cardano holders is if it can break above the resistance at $0.34.
The current buy volume is not encouraging, and ADA is suffering from a lack of interest from market participants. Nevertheless, as long as the price does not make a lower low, this could be a sign that sellers have become exhausted.
The support continues to hold well at $0.30, and it appears unlikely for ADA to retest this level at this time. The more likely scenario seems to be for buyers to attempt a break of the key resistance. Any failure there could embolden sellers to return in force.
This is not a piece of financial advice.
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My minimalist Analysis for CARDONA$ADA
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
13.11..22
2307H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Based on VITAL SIGNS ( RSI , STOCH , VOL., MA VOL.) RSI is RIPE
Bitcoin is also holding strong support at the 15k and has still room to push further down. This can still bring down all cryptos but some of our entries have been met and we still have the extreme levels to consider. I suggest partial entries for each or additional entries, depending on your risk appetite.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology .
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
✅TS ❕ ADAUSD: bounced back✅✅ ADA bounced back from the support level.
The price is moving towards the resistance level.
I expect continued growth.✅
🚀 BUY scenario : long to 0.376.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
✅TS ❕ BTCUSD: growing✅✅ BTC is growing.
This correction has already passed halfway.
I expect continued growth.✅
🚀 BUY scenario : long to 18.600.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cardano's price reacted positively to its support!ADA had a range trend during the last week. Cardano's price reacted positively to this support area after returning above the $0.305 range. But the price trend of Cardano in the 4-hour period is still a range. There is a linear resistance at $0.32, a break of which could provide a continuation of short-term upside for Cardano to the $0.340-$0.350 range. As long as the support indicated on the chart holds, Cardano has the potential to rise in price for the coming week. The $0.32 line resistance has also been associated with reaction several times.
Therefore, breaking it into the 4-hour timeframe can provide continued short-term growth. On the higher time frame, with Cardano's monthly support broken, the overall trend is bearish until the price fully returns above the $0.37 range. The RSI indicator forms positive divergences, which can signify a trend reversal, at least in the lower time frames. It should be noted that there is still a possibility of breaking the monthly support into higher timeframes. Therefore, purchases can be short-term.
ADAUSDT $36c Likely on PhoenixAscendingHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a short term overview on what we can expect for the price of Cardano for the immediate term. Technical indicator Phoenix Ascending together with Bollinger Bands point towards a potential $0.36c, as we see the RSI and EMA moving up with bullish buying momentum in the short term. IF the green EMA can cross over the 50 line, we can expect movement towards the basis of the bollinger bands, even if it is just a wick. The basis is the 20d moving average currently at $0.36.
However, currently with all the bankruptcy happening in the crypto environment, the markets do not look favorable for a new bull cycle, so I expect a resistance zone here. The next immanent support zone is around 0.22c, where there is a high demand zone and this is where I expect a bottom for ADAUSDT to be found.
Curious about what Decembers hold for Bitcoin historically? Check out this idea:
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The point to break out of the downtrend is...Hello?
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(ADABTC 1W chart)
If supported in the 0.0000 1593 ~ 0.0000 1944 section, it is expected to gather the power of the rise.
If this is not the case and falls below 0.0000 1593, the uptrend is expected to drop sharply.
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(ADAUSDT 1W Chart)
The key question is whether it can rise to the 0.5184-0.6834 range.
To do so, we need to hold the price above 0.2772 and see if it can rise.
(1D chart)
The key is whether the price can sustain the move above 0.3321 to break out of the downtrend channel.
Once it breaks out of the downtrend channel, we need to see if it moves above 0.3974 and prepares to continue the uptrend.
If it does not, and it falls below 0.2772, there is a possibility of entering long-term investment territory, so you need to think about how to respond.
The next period of volatility is around December 5th.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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✅TS ❕ ADAUSD: still moving✅✅ ADA is still moving around the support level.
This accumulation can push the price in any direction.
Be careful.✅
🚀 BUY scenario : long to 0.34.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADAUSD | Wave Analysis | Giant Bull Flag Ending Diagonal +60%Price action and chart pattern trading
> A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence
> An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone
> Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60%
> Stop Zone @ lower support of bull flag -10-15%
> Risk reward ratio: 2:1 and 3:1 for short-medium term trade
Always trade with affordable risk and respect your stoploss, nothing 100%
Mid-term bearish channel!ADA has hit the bottom of its mid-term bearish channel at $0.30 over the past week after continuing its downward trend, and with a market-wide pullback, Cardano has also been supported, giving it a 7% gain. The bottom line is that mid-term and long-term sellers' strength is still high, and price reaction to resistance levels is still possible. In the 4-hour time frame, there is a past resistance for Cardano, which is in the $0.340-$0.350 range.
Until this level is broken, the short-term trend cannot be bullish. But the price growth can continue up to the range of $0.345. After that, there is a possibility that the price will enter a range area in the 4-hour time frame. If Cardano breaks the resistance of the $0.370 range, it can grow up to the ceiling of the descending channel at the price of $0.420 to $0.440.
✅TS ❕ ADAUSD : still in the support✅✅ ADA is still in the support area.
The price has already started a correction and is moving up.
I expect growth.✅
🚀 BUY scenario : long to 0.34.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Weekend Update: Starting Coverage on ADA: Cardano Those who follow me know I'm a fan of Tier-1 Crypto (BTC, ETH and SOL). But I have been keeping tabs on ADA for a while now from a price action standpoint. Its layered architecture seems to be an interesting alternative to other ecosystems; as well as, the network can become more decentralized than others. ADA would NOT be a utility contender to the likes of Solana. It is PoS like Solana but its TPS is not even worth discussing when even mentioning Solana. That is not a ringing endorsement for ADA but considering it's TPS is still 15X faster than ETH and almost 30X that of BTC, its other attributes are interesting to me. Nonetheless, I believe the Solana ecosystem can learn something from ADA regarding the 2 most prominent features I can attribute value to above.
From a technical standpoint, ADA is in much the same position as Tier-1 with one exception...it's start. I have discounted the entire pattern from inception to March 2020 as its participation is something I would not associate applying EWT to. If anyone has concerns, questions on why I have chosen to do that, please leave a comment. From that timeframe, the above chart applies.
I would anticipate that ADA will strike the .382% extension of the initial pattern I'm counting sometime in the next two years. The .382% should represent wave i of I of 3. Wave 3 could take a decade to unfold, and if ADA is just following an ideal path, could be worth a whopping $1,381.00 in 2030-2035. I will update this chart from time to time but only on a daily increment basis. Even though I have added it to my coverage basket, I have no plans to post micro counts and hover of each and every price machination into the future. My conclusion is ADA could be a very lucrative investment to buy, stake and forget about it.
Prior to posting this update: I did purchase 10,000 ADA and will stake in either my Trust Wallet, or my Atomic Wallet....currently sitting in my Coinbase Account.
Best to all,
Chris
ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022
This week, we will stick to the 4-hour time frame to analyze the price action in detail!
The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday.
Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34.
The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit!
Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance.
The important price levels for this week are $0.34 and $0.38!