ADAUSDT - Ready For 0.66 Supply Zone🐻Hi 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.
Let's take a quick look at short term and near term for Cardano / ADAUSDT . It's very clear from the chart that we are currently trading in the accumulation phase (Wyckoff Method). This means that the bottom is possibly in, or, we could make one final wick to test the lower support level. Watch this 4min video to find out more.
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Adausd
$ADA - Reversal play for +17% to 55% upsideTechnical Analysis (TA)
Daily
Price is squeezing between the trending and 0.55.
A breakout above 0.55 will signal a reversal with potential to make +55% on the upper bands.
Weekly
Momentum indicators are flat with early signs of a reversal being shown.
Price Target
Entry: $0.556
Target 1: $0.65 (17%)
Target 2: $0.80 (+50%)
✅TS ❕ ADAUSD: resistance level✅✅ADA hit the resistance level again. The price has already formed several peaks at this level. We can expect a fall.✅
🚀 SELL scenario: short to the support level.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cardano look bearish in weeklyCardano look bearish in weekly chart as we see that we're in the bullish correction before to continue drop. But we hope to find down a good opportunity to short ADA, I believe that it's not far to reach down $0.17 cents, but this it's some possibility to happen. But Cardano could to reach down to $0.27 cents in the next weeks to see.
Also guys, buying Cardano below of $0.30 cents it's very good to accumulate ADA in this bear market and preparing your cash to buy this cryptocurrency and hold for ever until reach your own goal. Also, I draw the Cardano logo here and look precious and beautiful my design to present this cryptocurrency for crypto-enthusiastic.
I hope that this analysis support you!!!
ADA/USDHello fellow traders
I'm bullish short term on crypto market sentiment. So here is just a target price I'm looking at for Cardano around 63 cents. As you can see in the past history of the RSI and MFI, price might reverse at these levels. I believe we are in a accumulation or demand zone looking to make a move higher. Overall outlook is still bearish unless Bitcoin shows more volume and increasing price action to turn this tide. Just my two satoshis!
ADA - Bearish coming ... 1 Day Analysis this is my idea about ADAusdt and I have two reasons why it will turn into a bearish move:
1- In general we are in descending channel and most likely it will get rejected near the channel.
2-the bearish divergence CCI show is clearly obvious.
what is your opinion?
Cardano (ADA) - August 4Hello?
Welcome, traders.
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Have a good day.
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(ADAUSDT 1M Chart)
The key is whether it can be supported by rising to the 0.5184-0.6834 section.
(1W chart)
The key is whether it can find support near 0.4893 and move above 0.5184.
If it falls below the 0.3321-0.3974 range, it is likely to enter the long-term investment zone.
If the price is maintained above 0.6834, it is expected to continue the upward trend from a mid- to long-term perspective.
(1D chart)
Primary resistance: 0.5587-0.5960
Secondary resistance: 0.6834
1st support: 0.4591-0.4893
Second support: 0.3321-0.3974
You should see support above the 0.4591-0.4893 zone and see if it can move above 0.5184.
The 0.5184-0.6834 interval is the interval that determines the trend.
Therefore, if it is not supported in the 0.5184-0.6834 section and falls below 0.4591 and becomes resistance, a Stop Loss is required to secure cash.
However, since you can touch the 0.3321-0.3974 section and climb, you should also think about countermeasures.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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