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ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day. We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above. I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought. I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here. I think this move is the move i was expecting from the BEARISH DIVERGENCE. From that, we should look at our indicators and how the move. RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support. MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this. CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info). Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree. I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out! DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanks
BITFINEX:ADAUSD
by SafofAllTrades
Cardano / ADAUSD - Outlook Long term Bullish, Short term BearishHi guys. Welcome to my TA analysis on Cardano. Compared to some cryptos im liking how the charts have been for ADA. Just FYI this is purely Technical Analysis, i do not dive into FA at all and base my trading discussions strictly on TA. That being said, i do use FA to determine which projects are likely to have strong company dynamics and actual use case when trading cryptos as ive been burned heavy before. I will also be looking to chart more cryptos moving forward as i believe we are at the beginning stages of the crypto bull market. Make sure to tune in for more info on that in my future analysis. Lets dive in: First lets look at PRICE ACTION: Look at the numbered trend lines i have drawn. #1 line = Is this major resistance downtrend or "bear market" resistance line that formed from ADA HKEX:3 top back in August 2021. \ We have BROKEN OUT and tested it as SUPPORT along with covergence of support forming line #2 this intermediate support trend from Jan 2023. THIS IS GREAT TO SEE as this means we have have broken the downtrend we were in since 08-2021. Now does this mean the bottom has formed? Its possible, YES at $0.23 but do notice we can still technically test line #1 and go below $0.23 cents or near it at the least for double bottom even. But that depends on ADA BTC pair relation and how the bull move shapes up in terms of BTC dominance. #2 line - this is an intermediate support line formed from Jan this year. If we cant stay above line #4 , the red resistance line we can test it at any point as support, im in the camp that maybe thewhite circled area where the 200 Day moving average intersects line #2 is a potential area to look at. line 2 along with orange arrow forms a upward channel. Notice here how Orange arrow is acting as resistance and todays candle is looking bearish with upper wick. #3 line - This line is a short term support line where in the coming days we can test, especially if the price action is pushed down by orange arrow. #4 line - This line was major support back in May 2022, then acted as major resistance recently in Feb. We have to now see how price action acts as we come down to test it. We want to STAY ABOVE. In the short term i believe we will DEFINITELY test where Lines #3 & 4 MEET. If we can stay above, act as support and bounce up. solid area to Buy in. But remember this could be a temporary fake out to the upside, meaning we are bound to come down. I would need solid confirmation that we stay above these 2 lines. BUT a major area i would look to enter more positions will be the 200 DMA and line #2. That seems like it would be major support. INDICATORS: 1. Purple line is the 200 day moving average (dma). Notice how we are above the 200 DMA this is also a great sign as long as we stay above it. The thing to pay attention is how and if/when we react again with this in the near future. We need it to be SUPPORT. I would like it also to start curving upwards, which it may do as we are starting to flatten out. 2. RSI - Important to note we maybe forming a lower high. But price action formed a higher high. This is bearish divergence. Which could push price down, causing price action to interact with drawn lines. Todays close is important, as we created a peak and are pointed down. 3. ADX and DI - Also shaping up to be bearish divergence. Where bullish momentum is decreasing but price action seems to form higher high recently. Notice the white circled area, the green line is pointing down, showing a decline in bullish momentum BEARISH DIVERGENCE is when price action is moving up forming higher high shown by the ORANGE arrow but indicators are pointing down forming lower highs also shown by arrow. Price tends to move down over time. CONCLUSION: I think overall ADA seems more bullish than other ALTS but remember that doesnt mean we can't see lower prices than 0.23 cents and still be in a bull market especially if BTC dominance is strong. It is therefore important to gauge at BTC dominance and BTCADA pairings when going for longer term trades. There are loads of positives for ADA, like breaking the major resistance that was formed during downtrend from HKEX:3 and testing it as support. There are also alot of support if ADA does move down which just means more buying opportunity especially since i believe we are in the makings of the new bull run. A MAJOR WARNING however and something to watch carefully is the BEARISH DIVERGENCE and if and when it plays out. That could mean short term price drops. Look to the support lines drawn and the 200 DMA. But overall i believe Cardano is starting its bullish run and am long ADA until proven otherwise. Hope this helped. If you likes what i put out, Please boost, follow and comment. Let me know if you agree or disagree. Stay tuned for updates and more charts on crypto and other assets as well. Look below for related charts especially chart on BTC and recent analysis on another ALT> DISCLAIMER: This is by no means financial advice. I am not a fiancial advisor. The info expressed here are only my opinion and for educational purposes. When trading please maintain your risk management and protect yourselves with stop loss.
BITFINEX:ADAUSDLong
by SafofAllTrades
2
Cardano - Will the buyer be able to hold his position.After stopping the fall at the current price levels there is a test of the interest zone of the buyer. If the test is successful, the chart will go to the breakdown of the local trend line, the next target is the middle and the top of the trading range. The buyer defends its position, with the accumulation on this instrument continues for further distribution at more favorable prices. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BINANCE:ADAUSD.P
by Artem_Dishel
3
ADAUSDT 12H Future of Cardano price will be decided at weekendIt has been 3 weeks since the publication of our previous idea for ADAUSDT, but in fact, almost nothing has changed on the schedule. The ADAUSD price is further traded in consolidation. Although the rebound of the price of ADA from the bottom for the past week was 30+%, it still looks weak in the context of consolidation. So it can be not to said with confidence that the buyers have won. So, the main task for the weekend for Cardano buyers is not to allow the ADAUSDT price to fall below $0,43-0,45. Completing this task activates the price movement along the blue route, with the first target $0.66 Force majeure, panic hysteria and a fall in the cryptocurrency market, or the banal lack of Ada buyers - these are factors that can help the ADAUSDT price to be below $0,40. Fixation of the price below $0,40 may provoke a further fall in the $0,28-0,31 zone. This should be remembered _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
34
Cardano can double its valueSince the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value. However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom. The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance. At this moment we can consider a bottom in place and look for more gains. Important resistance is at 1usd figure with an interim resistance around 0.7 Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
COINBASE:ADAUSDLong
by Mihai_Iacob
16
Short on ADAWe are looking at employing a leverage onto our position of up to 10 and taking the opportunity of benefiting from a possible drop in ADA and capitalizing on that. We have set 3 Take profit levels such as: TP1: 0.796 TP2: 0.780 TP3: 0.767 When trading and your TP1 is reached you can consider taking some profits at that level and then adjusting your SL to the TP1 and use that way of managing your risk by securing profits as the position goes. The SL applied it set to 0.861
COINBASE:ADAUSDShort
by Atlas-Horizon