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Adausdanalysis

ADAUSDADA/USD appears ready to begin the month of May near very troublesome lows, and if current support is proven vulnerable trading may grow more nervous. The month of April started out on an extremely positive note for Cardano. A high of nearly 1.25000000 was tested on the 4th and the high came within shouting distance of early February values. Traders who were bullish in early April could not have been blamed for believing the bearish trend was about to be brushed to the side, and that another strong leg upwards would be demonstrated. Instead ADA/USD appears ready to begin the month of May near very unpleasant lows. The word ‘unpleasant’ is used as a polite way of saying the price of ADA/USD is approaching an ugly price level. As of this writing ADA/USD is traversing near 82 cents and mid-March values are again plainly in sight. Having traded with a healthy dose of strength above the 1.20000000 mark in late March and early April, ADA/USD may have appeared ready to flirt with the solid higher values of early January 2022. But the highs of early April ran out of buying power, and now prices are languishing near crucial support levels which if proven vulnerable may cause more selling for Cardano. The 78 cents mark should be watched. Perhaps speculative bulls will feel that a price of this stature for ADA/USD represents oversold territory. However from a technical viewpoint if ADA/USD were to brush up against this lower support vicinity seen in mid-March, speculative nervous selling could cause ADA/USD to traverse within values it has not seen since February of 2021. As May gets ready to start Cardano is not only at one month lows, but it is testing values not seen since the 16th of March. Day traders may be tempted to look for upside, but the trend has been lower. The push towards highs in early April appears for the moment to be a rally that ran out of power, as risk was taken off the table and perhaps profit taking flourished. ADA/USD can provide traders with plenty of volatility and that may be attractive. Moves of five to seven cents within Cardano are not uncommon within a single day. Speculators need to make sure if they are going to participate in ADA/USD and pursue wagers that risk management needs to be firmly in place. While support levels may appear strong technically because of March lows and the reversals that occurred higher, the broad cryptocurrency market remains under a bearish shadow too. Cardano Outlook for May: Speculative price range for ADA/USD is 0.69000000 to 1.05000000 The current support level of 81 cents needs to be monitored, if this level fails to hold back the tide downwards, traders cannot be blamed for thinking mid-March values will be promptly tested. The 80 cents price may seem like an important psychological value, but there is little reason to think this mark can cause a widespread and sudden burst of buying if it is challenged. Traders cannot be blamed for believing additional downside may be demonstrated by ADA/USD as new lows are created with a high rate of velocity. If the 78 cents level breaks this would be crucial and likely create more downside pressure. A low of 0.74750000 was seen on the 24th of February, if this support is not strong enough to withstand selling, traders will have to pull out long term charts from February of 2021. Speculators who believe ADA/USD has been oversold exist. Day traders looking for reversals higher cannot be blamed, but they should stay realistic about their target prices as long as the bearish trend remains intact. If Cardano were to suddenly see strong buying and the 90 cents level tested and sustained, that could be an indicator another move higher could occur. However, until ADA/USD breaks its current trading range and maintains higher prices, traders may want to look at higher moves as an opportunity to sell into a cryptocurrency market which is still demonstrating nervous sentiment as they look for reversals lower.
BITSTAMP:ADAUSD
by SmoothJB
2
ADA LONG HOLDADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone. Cardano blockchain is in the actions of implementing Vasil Hard Fork in beginning of the summer (June of 2022) we already saw first stages and after every one of them being implemented price risen so as Cardano blockchains TVL. This Hard Fork implementation will allow it to deal with more dApps and improve users experience also NasdaQ has listed Cardano as one of the coins to buy and hold forever, so once this Fork will be launched in the market we should see price sky rocket. Target 2.368 Invalidation: 0.778 Entry: 0.97
COINBASE:ADAUSDLong
by vf_investment
1
ADA, what to do if this support breaks?Today we will conduct a global and local analysis of the ADA. You can see on the left chart that the price is in a large trading range. At the same time, the price is near the lower boundary of the trading range. And this is not a very good signal. If we look at the smaller timeframe, we can see that price has already tested the lower boundary of this range many times. This is also not a very positive signal, because with each test the support weakens and may break soon. In the case of a breakdown, there could be a good opportunity for selling. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
3
ADAUSD ( cardano) price action weekly analysishi every body checkout my last price action analysis , today i want to share the most important area for cardano crypto currency in the easy way to understand. cardano is testing the 1$ price zone area , as you can see in my chart this support zone is the monthly and weekly support area which is so powerful , and bulls gonna push price up until price is on the top of this zone , and the fundamental shows that cardano have a lots of potentials to rise but if price break out this powerful price zone , i think bears can push price down to the 0.40 cent prices
BINANCE:ADAUSD
by hossein_rf
💡Don't miss the great buy opportunity in ADAUSD @Cardano Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.06). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 69 Take Profits: TP1= @ 1.16 TP2= @ 1.23 TP3= @ 1.31 TP4= @ 1.37 TP5= @ 1.42 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
3
ADAUSDADA/USD fell to nearly 91 cents during the past weekend. Although a reversal higher was accomplished and a high of nearly 1.170000 was seen on Sunday, ADA/USD has again fallen under the duress of strong headwinds. Cardano is trading in correlation to the broad cryptocurrency market which continues to show a lot of nervous sentiment. A troubling indicator for ADA/USD is that it is trading below its lower prices seen in June and July of 2021. The technical fact that Cardano is a lower value now, after falling to the values seen during June and July after achieving its highs in mid-May of last year are cause for alarm. The reason for this is that after the over exuberant bubble popped last spring, ADA/USD was able to find a level of support in June and July, and then actually achieve all-time record values in early September of 2021 over 3.000000 per token. The ability of ADA/USD to crash below the June and July support levels, after achieving the record highs of this past September shows the current massive selloff is greater than the selloff seen late last spring and into the summer. As of this writing, ADA/USD is hovering near the 1.000000 mark and this may be considered a strong barometer short term for Cardano. However, the token has traded beneath this depth only a few days ago. If ADA/USD is able to sustain a value below the 1.000000 juncture traders will need to consider the potential that Cardano may be ready to test values not seen since the second week of February of 2021. The current price range that ADA/USD is traversing is dangerous because if the current values are not able to be sustained and February prices from last year are seriously challenged, then ADA/USD could test the electric fast conditions which saw it climb in value from nearly 40 cents at the end of last January until hitting the one dollar per token value in the third week of February 2021. ADA/USD remains stuck in a bad bearish trend. Traders who are tempted to believe ADA/USD has been oversold and remain optimistic about upwards momentum are urged to use stop losses if they want to wager against the prevailing trend and look for upside. Speculators who want to sell ADA/USD cannot be blamed, but they may want to use quick hitting take profit orders so profits do not vanish via reversals which go against their short positions. ADA/USD is volatile and risk management is crucial. Traders who decide to speculate on Cardano under the present conditions need to remain realistic about their price targets.
AShort
by SmoothJB
2
ADAUSD (CARDANO)ADA/USD will enter January with its long-term negative price trend intact. As of this writing, Cardano is near the 1.360000 ratio and continues to display signs of bearishness. Yes, ADA/USD was trading near the 1.600000 level as late as the 27th of December, but a reversal lower has put the cryptocurrency within sight of important support once again. For a one-week stretch in the middle of December, ADA/USD continued to flirt with the 1.200000 level. While this price was able to hold, the lack of a sustained reversal higher may tempt short-term traders to believe the greater possibility for profits regarding risk reward scenarios are with selling wagers. If the 1.300000 level proves vulnerable near term, this could generate more nervousness. December’s downward slump in Cardano kept its negative trajectory intact which began in earnest the 1st of September immediately after all-time highs were touched slightly above the 3.000000 juncture. The direction of ADA/USD has not been a one-way avenue, reversals higher do occur, but resistance levels have proven rather durable and are actually decreasing. The inability of ADA/USD to not penetrate late November values with its recent short-term run higher late December is not a positive signal. Sellers of ADA/USD may be suspicious of support levels below, and believe the cryptocurrency is approaching oversold territory. However, if the broad cryptocurrency market remain nervous, there is reason to suspect further selling within ADA/USD could be exhibited. If the 1.300000 level proves weak as support and lower values are seen, this could create targeted selling which aims for depths below which were tested several times in the middle of December. Technically, aiming for the 1.200000 realm may be too far a stretch for short-term speculators, particularly if they are using leverage. However, quick hitting trades looking for the 1.310000 to 1.280000 realms below may prove worthwhile short term. January may be another difficult month for ADA/USD if the broad cryptocurrency market stays nervous. Traders can certainly look for reversals higher, but they should also practice solid risk management and not be overly ambitious. Unless ADA/USD suddenly starts to build momentum upwards and this correlates with its major counterparts, Cardano simply may continue to trend downwards.
AShort
by SmoothJB
3
ADAUSDT , Buy zone activated , Did you bought ?Hello everyone According to the previous analysis we shown on chart a buy zone area (green box) and tonight that box is activated and we expect that the price can rise up to reach the first target , and if it can break the first target the other targets is on way of price because when it can break the first target the trend is change to upward and we exit from the wave of correction-downward and the more high target is on our way . Dont forget use stop loss and attention to money management Previous analysis : Good Luck Abtin
Long
by Abtin00
1
ADAUSDT , We are in ...Hello everybody According to the chart you can see we are in correction-downward wave, in here we have a key and this means that is the point for the change trend to the up ward and the correction can be finish But until the price is below the key the trend is downward and we think because of the momentum of movement , the price should make another bottom and will supportin in green box then its ready to go up to reach to the resistance trendline (dynamic) red box and ... We try to update the chart at that time for the road map of movement Dont forget use stop loss and take signal then entrance in position Good Luck Abtin
Long
by Abtin00
2
ADA 100% is coming .. not over yet we should totally admit that ADA is bubble n about to burst, like now from a year ago was just 3 cents!! which means in just year ADA jumped from 0.03 till 3.10 !! (102X) Do u still think it will continue without a massive correction? ADA is so successful n amazing project but even though it has to correct first then it will continue upwards. No uptrend or downtrend will continue forever. so expect a huge massive correction but after bull run end first . I think we still bullish till now. on chart it is crystal clear that ADA is consolidating in triangle segment since we reached 3.10 the same triangle was formed from previous phase leading to a great breakout now I think correction is done and going up is must. Dont forget that November, December n January are bullish months for ADA You can buy now n sell targets ( 2 months) be patient n stay calm , dont forget your stop loss ✅ buy: 1.80 - 2.00 ✅ 🎯TARGETS: 1- 2.35 2- 2.72 3- 3.10 4- 3.60 💵 Trade Size: 5-7% of Portfolio 🚫Invalidation(SL): daily close below $1.68
Long
by BTC-fire
1