Adausd
ADA/Cardano for those who are catching the bottom, wait!🔥#ADA #Cardano
▪️In the near future, I expect a drop of -30%. Using only technical analysis, not only the coin itself, but also the main cryptocurrency.
💎 I think you should refrain from buying assets and wait a bit.
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ADAUSD ❕ quickly riseAfter a fast rise, Cardano was overbought.
On the 1H Timeframe, the TD Sequential indicator indicates a reversal.
The price broke through 200MA (4H TF).
Main MAs are bullish (1H TF)
I expect that after fixing under the upper border of the channel, the price will correct to the levels indicated on the chart, and it can already be a reversal point.
Cardano ADA 's next point of control (POCs)Cardano ADA 's next untouched point of control (POCs)
Next higher one at $0.78... next lower at $0.56
Since ADA is overbought a correction is likely but not necessarily to the lower POC
A run to $0.78 would also surprise me - steady growth preferred - right?
Drop me a nice comment
*not financial advice
do your own research before investing
ADA for this week. I'm just looking at the 1D $ ADA chart
💡I would get a 📈 long at #Cardano for its bullish news update.
I would expect it to fill at least 50% of the wick of the candle it made on 31/05 with a stop loss below the supertrend.
+ I believe #BTC will not fluctuate much this week.
⚙️Although the $ ADA candle on 31/05 is bearish. #Cardano has an important update coming very soon. The long-awaited Vasil hard fork, which increases performance and adds more improvements to Plutus, is scheduled for June.
💡buy the rumor sell the news.
Cardano (ADA) - The Road To The Bottom ($.18) and Beyond!
Daily Macro Update Below: Cardano and the Market CRYPTOCAP:BTC.D
Headwinds to take into consideration BEFORE investing in what they identify as risk on assets:
06/03 - (Updated Macro View)
JOBS REPORT - Est 325K / Actual 390,000
Continued USD Dominance! - TVC:DXY - (102.18) Upward momentum since 07/2021 (from 89.47 - 103.57)
OIL - Continued Upward momentum - NYMEX:CL1!
Historic - www.macrotrends.net
State Gas Prices - UP UP and AWAY ( $4.761 per gallon) - gasprices.aaa.com
FED TALK - Mester says inflation hasn't peaked, MULTIPLE half-point rate hikes are needed - www.cnbc.com
06/02 - (Updated Macro View)
Jamie Dimon's Hurricane Comment: www.cnbc.com (People should take not coming from Jamie, potential significant heads up)
Latest ISM Report (May 2022) BULLISH OUTLOOK: Anything above 50% is considered growth
Manufacturing PMI - 56.1% - www.ismworld.org
Services PMI - 55.9% - www.ismworld.org
Hospital PMI - 56.3% - www.ismworld.org
April Jobless Claims in at 200K (Extremely low) :
Ukraine War
Crude Prices: Macrotrends
Covid / Monkey Pox / Viral flavor of the month (Fear Tactics)
Supply Chain Challenges
Manufactured slowdowns of goods...for example China closing key manufacturing plants in an attempt to retain pricing power.
Continued FALLING YEN! (Danger Zone)
BTC CRYPTOCAP:BTC.D .D Dominance! (46.93% Currently) Up from 39.26% in Jan 2022
Housing: Who would have EVER thought the CURE of the housing shortage was higher interest rates. By some sort of miracle, there's no longer a shortage! www.thetitlereport.com
*** CAUTION *** There are significant CRACKS in housing, especially in those areas that enjoyed MASSIVE double-digit gains in most recent years. Looking for WALL ST corps to dump asset inventories so as to not carry negative appreciative assets on their balance sheets. 1 out of 5 homes on the market currently has price reductions already. Look for significant additions of inventory VERY soon as even more people are priced out and corporate landlords like BlackRock will be looking to offset their portfolios not gain. The FED also looking to sell MBS (Mortgage Backed Securities) instead of buying them, will force lenders to keep more mortgages on their balance sheets (They are already adjusting for tightening lending requirements. REFI markets with even higher interest rates are almost completely DEAD. Mortgage companies have already begun restructuring (layoffs) of many mortgage personnel.
Looking for a 40-50% reduction in housing prices (Generally speaking, go back to 2016 / 2017 and add 5% to those sales prices and that will provide realistic guidance of where the housing prices will retrace to.
ALL of the above is strictly entertainment and not financial advice. ;-) GOOD LUCK EVERYONE!
TS ❕ ADAUSD: accumulation zoneADAUSD is moving in the accumulation zone and now, after rebounding from the resistance level, it has headed down. I expect movement to support.
SELL scenario: short to 0.446.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Trading ADA/USD in an hour swing never failedNot intended to be a piece of financial advice.
Trading ADA/USD in an hour swing. It never failed; it barely fails. All I am concerned is about the signal's appearance. That will be all.
Did I do any fundamental analysis? Not a bit. I agreed with Technical Analysis (TA) based on algorithmic calculations. Every single trade is profitable.
Did I sleep well? Maybe not. I had my alerts placed on. Once the trade executed, nothing could disturb my sleep at all. Unless there's a new alert emerged. Have a sneak peak of the chart. Picture worth a million words.
Cardano (ADA): May Have Flown Too Close To The SunAs with Icarus, Cardano enjoyed its trip to the sun.
But just as fast as the Euphoria comes, it also passes.
The sentiment regarding ADA has undeniably flipped over the last year.
This project went from one of the most beloved, to one of the most doubted.
If the ($0.40) mark indicated in the chart is lost, it is safe to say the sun has set and ADA holders will have to strap on their scuba gear.
It'll be a long trip underwater.
Cardano (ADA) - June 2hello?
Traders, welcome.
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Have a good day.
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(ADAUSDT 1M Chart)
(1W chart)
(1D chart)
Primary resistance: around 0.6611
Secondary resistance: around 0.9930
In the short-term and medium-term perspective, it needs to move above 0.5776 to turn into an uptrend.
A decline from 0.5187 could lead to a drop near 0.3448, so trade with caution.
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(ADABTC 1W chart)
The interval 0.0000 1593 - 0.0000 1944 is the boundary between rising and falling.
Therefore, below 0.0000 1593 is likely to be a mid- to long-term investment area.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Trading Signal For ADAUSDT CardanoTrading Setup:
A Trading Signal is seen in the ADAUSDT Cardano.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.550
⭕️SL @ 0.470
🔵TP1 @ 0.700
🔵TP2 @ 0.860
🔵TP3 @ 1.010
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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