Adausdanalysis
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
ADA Breaking Out for More Than 3X Easy Gains in Next 4 Months🧨In previous ada idea we discussed ada is in strong accumulation zone, finally cardano breaking out frm bullish rectangle pattern.
in last 2 days LTC also pumping , all old well settled coins started to pump. dont miss this easy ada trade setup.
Cardano- New ATH soon?After the new ATH around 3 at the beginning of September AdaUsd corrected and has had a short-lived spike under 2.4 zone (the old ATH zone)
Bulls quickly took control and reversed losses.
At this moment we are in consolidation phase just above this old ATH
I expect a new leg up from this crypto and 3.5 could be the medium term target
ADA Renews Journey Above $3 While $3.5 Comes To Sight
Cardano seems to be joining Ethereum in the altcoin-led weekly bull cycle.
Cardano embraces price discovery above $3 while massively support between $2.81 and $2.8e, as the IOMAP reveals.
Cardano is up nearly 9% and has reclaimed ground above $3. The token is the first among major cryptocurrencies to hit a new all-time high. ADA is on a path to hitting another milestone at $3.5, while investors believe that it is just a matter of time before it rises to $5.
Cardano Once Again In Price Discovery Mode
According to IntoTheBlock’s IOMAP on-chain metric, the newest smart contracts token is back in price discovery after testing support at $ in August. All the addresses that previously bought ADA are in profit.
At the same time, Cardano has no defined resistance as it advances. Hence, a slight push above $3 will quickly bolster the token toward $3.5.
On the downside, ADA sits on top of immense support areas, as observed by the on-chain metric. The region running from $2.81 to $2.84 is the most substantial buyer concentration zone, hosting around 94,300 addresses that scooped up 3.42 billion ADA. This support assures investors that ADA is well supported and the least resistance path is upward.
In the meantime, Cardano is seeking support above $3 to enhance the bulls’ presence in the market. A real break above this area of interest will set ADA on a $3.5-bound journey. Notice the Relative Strength Index (RSI) gaining traction into the overbought territory. A break above 70 may trigger more buy orders as bulls tighten their grip around the price.
The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook based on its position relative to the mean line. A sell signal that had come into the picture is in the process of being canceled. As soon as the 12-day EMA crosses above the 26-day EMA, the odds for another swing north will come into the picture. Besides $3, Cardano is kept in place by an ascending trend line since the beginning of August.
ADA/USDTAlways read/ check for update comments as I might change (no Obama) something in the idea.
We broke out of a consolidation phase, had a backtest, and broke resistance. The question now is, can we hold support?
I am accumulating a short position within the rectangle "building a short position in this rectangle" and attempt to build a leverage position. ADA is currently pure hype and doesn't offer a helpful case as there are superior blockchains(no doubt Charles Hoskinson will pave the way to success, but it's too soon). The BB widens, which means we might continue higher, ranging between the middle and upper bands. There is also the possibility that the BB gap is overextended. Seeing the BB%B (blue highlight) time frame shows us when the BB has widened and corrected.
Looking at the MACD, we can potentially identify wealth cycles. The blue highlighted areas suggest a change in trend where a bearish cross occurred. Also, the MACD shows a potential cross in the future. Lastly, we are placing bids in a plausible dead cat bounce zone for a long.
I hope you all have a great morning.
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HONEYITSGONE!
Now that the vital info is over with let me hit you with some facts.
Firstly, who even buys ADA, I have been involved with crypto for a few years now, and I don't know anyone who purchases it. Secondly, did they find someone who wants to build on their network yet? lastly, how is the market cap larger than BNB?
ADA's Target if Falling Wedge is BrokenIf ADA is able to successfully break the falling wedge resistance we're looking at a huge target at approximately $2.02.
There will definitely be resistance along the way, so I've drawn out the potential scenarios and resistance lines that could impact the price action on the way up.
ADAUSDT Seems Creating Demand Once AgainOn the daily time frame ADAUSD, we can see the price rejection few times from the same support zone and creating demands each time. After Elon's last live comment, the Crypto market seems again bullish to me. ADAUSD will meet its higher high once again and the conformation we found by technical perspective in this chart.
ADAUSD 4h SHORT Entry and Target!ADAUSD 4h SHORT Entry and Target! - Using Market Structure, Price Action and everything else into account this would be a very good scenario that might play out, I will be taking profits at our previous low since we also have a 2.618 Fibonacci Extension right below it that doesn't necessarily have to be broken but I would love to come down to the 3-1 Fibonacci Extension since we also have a Weekly there. GOOD LUCK! AND REMEMBER, THIS ISN'T A GUARANTEE BUT RATHER AN IDEA, DO YOUR OWN RESEARCH AND TECHINICAL ANALYSIS BEFORE ENTRING TRADES!
ADA.....4h###Update to previous analysis.
### China has dealt a very strong blow to Bitcoin and cryptocurrency, resulting in huge losses for the crypto business. Bitcoin was able to withstand and compensate for some losses.
This led Cardano to achieve the selling objective in the previous analysis.
I expect that China has now exhausted the strength of its attack on Bitcoin and others, and that it is time to compensate for the losses
# Analysis on the 4-hour chart.
# Analysis is based on trends and Wyckoff's strategy.
# It is below a red downtrend.
# At the end of the Wyckoff compilation phase (in blue), to the top.
---------
# strong probability:
*** It crossed the red downtrend to 1.8395.
*** Exceeding 1.8395 goes to 2.3733.
ADAUSD......4h# Analysis on the 4h chart.
# Analysis is based on trends and Wyckoff's strategy.
# It is below a red downtrend.
# At the end of the Wyckoff assembly phase (blue), upwards.
---------
# Very low probability:
**** Breaking 1.26747, a drop to the uptrend (dark blue).
# strong probability:
***Passing the red falling trend goes to 1.8395.
*** Exceeding 1.8395 goes to 2.3733.
Cardano- strongly bearish under 1.5Like a lot of coins, also Cardano is trading at an important juncture.
At this point, AdaUsd is trading just above 1.5 very important support and if bulls can't manage to hold the price above a new wave of selling could bring the price at 1usd.
In my opinion, this will be the case and I'm looking to sell rallies
ADA .... 4h# Four hour chart.
# Inside a main ascending parallel channel.
# Inside an ascending sub-parallel channel.
# Bypassing a downtrend..blue.
# Stochastic oscillates upwards.
---------
= Targets are:
* 2.0666.
*2.2052.
* 2.4519
--------
# It fails if it breaks the level of 1.6588
# It is now in the buying zone.
200% ready for ADA ... $4 ADA straightway after correction 🚀
Till now $1 is seems to be holding well for ADA after testing it many times.
Most likely we gonna see a pullback from a double top resistance.
Look at the channel on the chart, u will get that we r in a bullish uptrend.
An estimated pullback from $2.40 to $1.40 between within June. ( about 45% down)
On short-term n Mid-term we r bullish.
If we moved as expected on the chart, it will good indicator to make lower lows after the pullback
After we gonna break $2.40 resistance we will see $4 straightway.
I think we gonna break the $2.40 resistance after the third trial.
If u r holding now don't sell n wait to add more at $1.40 region.
DONT LEVERAGE N USE A PROPER RISK MANAGEMENT STRATEGY !!
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💡Don't miss the great buy opportunity in ADAUSD @Cardano
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6461).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60
Take Profits:
TP1= @ 1.8731
TP2= @ 2.0190
TP3= @ 2.1452
TP4= @ 2.2635
TP5= @ 2.4377
SL= Break below S2
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ADA on the brink of explosive move to $2.4Cardano has been nurturing an uptrend since the initial downswing to $1 in May. The first recovery attempt almost brushed shoulders with $2, but another correction ensued almost immediately. The cat and mouse game continued between the bears and the bulls, with the resistance at $1.8 capping movement. On the downside, bulls have kept growing more assertive, explaining the higher low pattern on the four-hour chart.
Cardano draws nigh to an ascending triangle breakout
The upcoming smart contract token has kept investors’ interest on the roof, particularly with all the developments on the network. Note that the horizontal resistance at $1.8 formed the ascending triangle’s x-axis. Similarly, the higher lows formed the hypotenuse, implying that bulls are gaining traction.
An ascending triangle is a highly bullish pattern in technical analysis. Eventually, a breakout occurs before the trend lines converge. Low volumes characterize the period of consolidation within the triangle. However, a surge in trading volume marks the breakout, as bulls take advantage of the expected upswing toward $2.4.
Cardano’s uptrend has been affirmed by short-term bullish signals from the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The former recently returned to the positive region while the MACD line maintains the divergence above the signal line.
Subsequently, the RSI almost hits the overbought region, hinting at an intense bullish grip. Therefore, a break above $1.8 (triangle’s x-axis) may catapult Cardano toward the target of $2.4.
Cardano intraday levels
Spot rate: $1.75
Trend: Bullish
Volatility: High
Support: $1.6, $1.3 and $1.3
Resistance: $1.8 and $2.2
ADAUSDT ..... 4h# Analysis of the four-hour chart.
# Crossing the moving average 86
# A price channel has been crossed at 1.6474, the target is 1.9115 - 2.1081.
# A head and shoulders pattern is forming, waiting to cross the neckline to target 2.2409.
-----------
= Analysis fails if 1.6065 is broken.
= The #area 1.7600--1.7923 is a difficult and dangerous area
=#new update