ADAUSDC
ADA more pain to comePlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
After two successful Cardano short calls I think we are still not done yet. There is bigger triangle breakout target @ 0.19 which is -27% from current price therefore I'm letting part of my early shorts still in play. As always, don't chase the marke t. Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise.
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ADA another -35%? 😱Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
This looks ugly. Cardano broke down this triangle📐 and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)...
...but setting SELL LIMIT order to previous range low to add another short position on the potential pullback.
ENTRY : local low @ 0.4313
STOPLOSS (SL) : local high @ 0.4825
TARGET (TP) : height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 0.2650
REWARD RISK RATIO (RRR) : 3.25
INVALIDATION : when SL level hit
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ADA Head & ShouldersPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Cardano broke the yellow uptrendline1, backtested it twice and got hammered🔨. During this plunge it broke the uptrendline2 plus neckline (0.4536) of the Head and Shoulders all in one go. I think there is chance for drop to 0.3835 and even lower, but I expect some pullback up first. Setting SELL LIMIT order to catch the retracement somewhere into the area of uptrendline2 & downtrendline confluence (0.4638).
ENTRY : trendlines confluence @ 0.4638
STOPLOSS (SL) : Right Shoulder @ 0.4905
TARGET (TP) : H&S target projection @ 0.3835
REWARD RISK RATIO (RRR) : 2.9
INVALIDATION : when SL level hit
See Head and Shoulders pattern on BTCUSD:
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ADA triangle breakoutCardano seems to be accumulating to break up this triangle📐 and if that is the case then I think there is chance for run to 0.601 and even higher. Setting BUY STOP-LIMIT order to current range high to catch the breakout.
ENTRY : local high @ 0.5476
STOPLOSS (SL) : local low @ 0.5205
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - STOPLOSS) @ 0.601
REWARD RISK RATIO (RRR) : 2
INVALIDATION : when SL level hit
Check the parallel setups on DOGE:
and SHIB:
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ADA possible cup and handle with large upside potentialHello ADA hodlers and traders,
Today I present to you bullish outlook on ADABTC pair. The price is currently sitting on the 21 week SMA. If the price can bounce up from here and get above the 0.00006200 sats there is huge upside potential. As you can see in the chart there is long term cup and handle pattern. If the bulls can confirm a break out above the cups top/neckline then the price can rocket up between 0.00010 and 0.00012 sats. From its currently price that is roughly a 3x and a 2x from the top of the cup. Now this is all contingent on the price being able break above the cups neckline and also on what BTC bulls do in the next month.
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Happy trading and I wish you long bull market.
ADAUSDT All Time High Breaks!ADAUSDT (DAY CHART) Technical Analysis Update
New ATH (all-time high)
ADA/USDT currently trading at $2.59
Buy-level: $2.50 - $2.65
Stop loss: Below $2.20
Target 1: $2.95
Target 2: $3.25
Target 3: $3.50
target 4: $4.00
Max Leverage: 1X or buy it on the spot
ALWAYS KEEP STOP LOSS...
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ADA near term buy cycle is completed. Selloff imminent.Re-entry target zone show at the next retracement level. Buy cycles to resume at 1.5-1.6 zone. Long term buy scenario remains strong with 10$ targets or higher. Will be weighed down by near term bitcoin selloff to 35k target. And ETH down to 2.7-2.8k retracement target. See chart analysis for ETH and BTC for more info.
Cardano Sets Out To Crack Falling Wedge Pattern-ADA is up nearly 7% on the day
-Price is attempting to break through major resistance zone
-RSI sits coiled in a bullish manner
Throughout the past few days, ADA has experienced a decent revival as price has risen nearly 25% of lows. This is a great sign to see for the bulls, but compared to other coins in its class, price is lagging behind a bit. Although, Cardano has printed enormous gains the last year, leading ahead of many other coins in the top 10. Once ADA clears its major resistance zone, price will be free for a large revival not seen in months.
Even though we have covered this recently in past analysis, the current falling wedge ADA has followed is an important mark to clear out of. This falling wedge is shown in light blue and it has held price together for over 2 months. At the time of writing, bulls are attempting to hold price above the top trend of this bullish pattern. If ADA can continue to hold above the major resistance of $1.22 along with the top trend of the falling wedge, we can expect price to follow the given path.
If bulls manage to clear over the major resistance zone, ADA must then break & hold the 200 MA which has held prices down for over a month. In the case that bears take over in the short term, expect ADA to fall back into its falling wedge. This would be a short term bearish scenario which would likely land Cardano back to $1.15. If this support fails to hold, we should expect a sweep to minor support of $1.09.
While looking at the RSI, we can see a wedge type pattern has formed. A breakout to ether side of this pattern will likely have price following it. As long as strength continues to stay above the 50 value, higher prices should be seen soon. The MACD has been in bullish territory for the last couple days. The histogram must stay green along with the MA’s above the 0 value for ADA to stay in a bullish position in the short term.
ADA intraday levels
Spot rate: $1.21
Trend: Short term bullish
Volatility: Medium
Support: $1.19
Resistance: $1.22
Cardano Falls But Bulls Keep Falling Wedge In Tact-ADA falls -25% the last week
-Price currently sits at major support zone
-50 MA has held price down the last 2 weeks
Cardano has been one of the strongest coins the last few months as the market has tumbled. Price is still up nearly 5000% from its low in March of 2020. The majority of alt coins are only still up 1000%-2500%. This is very impressive as ADA continues to make strides towards becoming a better version of Ethereum. Once the market turns bullish again, ADA will likely see a large rise past $2.
Throughout the last few months, Cardano has formed a bullish falling wedge pattern. Even with the large drop the last week, ADA is still within this pattern. ADA must break over its current resistances of $1.09 & $1.15. If bulls manage to pull this off, ADA must then break over its 50 MA. This MA has held ADA down for a few weeks and a break above will likely set the stage for a clear path out of its falling wedge pattern.
At the time of writing, ADA is sitting on its major support zone found at $0.98-$1.03. If bears continue controlling price & push ADA below this zone, it will likely be in for a large fall under $1. If this occurs, ADA will then be out of its falling wedge pattern in a bearish manner. We can expect price to bounce at $0.90 or $0.84.
While looking at the RSI, we can see strength just had a sweep into the oversold territory below the 30 value. Strength has created a descending channel formation and it must break its top trend line to experience a large pump. The Stochastic RSI has just bounced out of oversold territory which shows some bulls are still buying up the dip.
ADA intraday levels
Spot rate: $1.05
Trend: Bearish
Volatility: High
Support: $1.03
Resistance: $1.09
Cardano ADA is Heading for 7$Hello,
Cardano has just entered into the price discovery so i might have to use technical tools more than the historical data cause its printing it right now so i am unable to anticipate based on delta data.
but here you can see based on fib and Elliot theory price is perfectly heading towards wave 5
i choose kraken as it has a perfect full chart for ada.
Cheers.
Possible levels of outcome for ADAUSD short term.Right now we are in a smaller range(.786 and .618 of blue fib retrace) within a bigger range(1 and .618 of blue fib). Prices have been consolidating in form of a wedge for the past 2 weeks. There are possible levels it can test if we break to either the upside or downside from the wedge. Oscillators(RSI, STOCH) are neutral for Daily and 4hr time frame.
ADAUSD Showing bad signals.We could be in a downward channel after breaking our green trendline that has been holding support for the past month. A bearish EMA crossover has formed on our 4 hour chart. We are hitting oversold on our RSI and MFI but only on the hourly timeframes. Going to the Daily timeframe, we still have room to go lower. I expect next support to be near 0.5 of our fib retracement; after that, we could have a chance to test support on 81 EMA on our Daily Timeframe.
ADAUSD testing support. Could this be our trend reversal?We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.
$ADA - Hit my bids pls ADA has now breached its 2018 ATH from binance and created a new ATH for this exchange
Not its ATH on all exchanges though as it was a it $1.2 in the peak of the 2017-2018 bullrun
On the 29th Jan I posted this set-up and now we have breached the key levels
Will likely set bids for just above the blue line - around 0.37 - and hope Aisa session gets me in over night - where hopefully we hold the key levels
Don't enjoy setting bids overnight as BTC could take a shit overnight, but very bullish on ADA as it is very similar to Ether and has been said today it would of saved millions in gas fees and transfers
That fundamental boost likely gave it enough to get over the line
Hopefully I can get in and it continues to the 1.618!
Lets go Cardano
ADA - Breakout Imminent?ADA - Cardano - one of the highly regarded coins fundamentally, providing similar services to that of Ether - Ethereum
The chart setup looks awsome too
I'd would expect a break of 0.375
Struggle in the 0.39's and back down to retest the initial breakout, if successful it will push on to the 1.618 at 0.435
Then we reevaluate what interaction we expect at this level, with some profit taking for sure!
Lets go ADA