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Adausdforecast

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
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
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
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. Please, leave a follow and a like, if you enjoy this analysis check out my other content. Best wishes, 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?
Short
by HONEYITSGONE
10
A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode. In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout. Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets. 1.272 - $3.19 1.414 - $3.65 1.618 - $4.44 2.272 - $8.29 Good luck and happy trading! Disclaimer: Not financial advice just merely an idea.
KRAKEN:ADAUSDLong
by Bob_Van_Horne
💥ADAUSD - TO FALL TO $1, THEN RISE TO $1.40 & $1.80Please support this idea with a LIKE👍 if you find it useful🥳 CARDANO has been in consolidation since 26th February, 2021. Currently, price is in a triangular zone, making effort to breakout and leave. Therefore, I expect short down to the support at $1, pump, breakout of the triangle and pump to the neckline at $1.40. If it breaks the neckline upward, then another rise to $1.80 What do you think? Share your opinion in the comment section✍️ Happy Trading💰🥳🤗
BINANCE:ADAUSD
by PetrockFxTrading
5
Cardano Price Analysis: ADA Has Two PathsCardano (ADA) is in the process of developing a symmetrical triangle, but moving forward there are two likely paths that can come to fruition. Currently, ADA's price is trading near the lower end of the symmetrical triangle pattern and above the 100-day simple moving average. If a breakout occurs to the downside, we can expect a move towards the $0.94 support level, below the significant round number of $1.00. On the other hand, if the upper end of the symmetrical triangle pattern is broken, bullish traders might aim at the all-time high of $2.46. 100-day SMA Acting as Support The 100-day simple moving average acts as a dynamic support. The fact that we had multiple attempts to break below the 100-SMA and all failed is a sign that the bears had their shot. As of June 10th, the 100-day SMA comes at $1.38 near the bottom of the symmetrical triangle pattern. RSI Momentum Readings One of the basic principles of technical analysis is that momentum precedes prices. Right now, the RSI momentum reading is located in a sideways channel near the mid-level 50. This tells us that as of now there is equilibrium between the buyers and sellers. However, moving forward, any breakout above or below this RSI consolidation can give us clues as to which direction the ADA price may break.
A
by cryptohopper
1
ADA Potential Buy entering Buy Zone 1ADA entering Buy Zone 1. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08. Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
KRAKEN:ADAUSDLong
by CryptocurrencyMagnet
1