Get started

Adausdlong

ADA Digs Into Crucial Support, Is The Rally Over? Cardano loses ground within the confines of a descending parallel channel. The recovery from $2 support is a daunting task for the bulls, especially with the resistance highlighted by the IOMAP metric. Cardano continues to bite into the key support at $2 amid a highly challenging recovery journey. In early September, ADA climbed above $3 and traded an all-time high at $3.1. The correction that comes into the picture has not slowed down since, forcing the recently upgraded token to stay closer to the primary support. At writing, ADA trades at $2.15 while dealing with growing selling pressure at the descending channel’s upper boundary. This pattern has been in place since Cardano retreated from $3.1. If broken, the third-largest cryptocurrency might find new lifeblood for gains toward $2.5 and later $3. Cardano Price Recovery To $3 In Jeopardy From a short-term technical perspective, it is clear that buyers are having considerable difficulty sustaining the uptrend. On the downside, the smart contract token is in danger of dropping under the demand zone in green, a move that could trigger massive losses. If support at $2 is lost, panic will grip investors while lower levels like $2 and $1 beckon. Traders must keep in mind that the Moving Average Convergence Divergence (MACD) has a bearish outlook based on its position below the mean line on the daily chart. A sell signal from early September has been sustained and continues to encourage sellers to increase their positions. The Relative Strength Index (RSI) adds credence to the ongoing downtrend. Its position below the midline emphasizes the bearish grip on ADA. Similarly, the channel’s middle boundary is a key support line that must be defended if Cardano wants to close the gap to the supply zone in red. Otherwise, the least resistance path would keep to the south. Meanwhile, data by IntoTheBlock suggests that sellers have the upper hand. The IOMAP model highlights immense resistance at $2.23 and $2.44. Cracking these zones will not be easy because investors will be trying to break even, thus reducing the effectiveness of the tail force. On the downside, Cardano is sitting on top of relatively weak support areas, which means with a slight push, the token will start exploring the levels below $2. Cardano Intraday Levels Spot rate: $2.15 Trend: Short-bearish bias Volatility: Low Support: $2 Resistance: $2.23 and $2.44
COINBASE:ADAUSDLong
by CoinGape
1
ADA update ADA has reached the target from my previous chart completing the previously discussed HnS, and I have entered around 2. It is now attempting a break through the 50-day VWMA, which was previous resistance. I suspect this will fail as ADA is not showing great momentum yet, and the stochRSI start to look weak in the intraday frame. However, if 2.42 is broken with great momentum, ADA will reach 2.79 to steam off before completing an inverse HnS and reaching a new high at 3.8. My loading zone is at 2.05 right now. If the 2.42 will get violated, then I will buy on the retest. I am happy with my ADA bag. However, it is never enough.
BINANCE:ADAUSDLong
by CFcryptoTA
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 2.202 (stop at 2.132) Daily signals are mildly bullish. We are trading at oversold extremes. Posted a Double Bottom formation. A break of bespoke resistance at 2.200, and the move higher is already underway. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. Our profit targets will be 2.398 and 2.448 Resistance: 2.200 / 2.300 / 2.400 Support: 2.100 / 2.000 / 1.900
KRAKEN:ADAUSDLong
by Signal_Centre1
2
ADA is primeADA had a pretty drawdown following the BTC flash crush. This has created new great opportunities. I entered this baby on the daily 50 MA support at 2.34. However, I didn't share this trade as it was a high risk. Now ADA is hovering at 2.62 after a strong reaction yesterday which brought it to 2.81 at the peak. ADA is bullish right now. Why? - strong bullish engulfing - Reaction of the previous resistance (reclaimed) turned support (old ATH) - High volume on the engulfing - great fundamental Now the first resistance to break is the diagonal trendline. A good entry will be on the breakout of the resistance or the retest. Entering now is too risky as there is not a clear direction yet. My stop loss is set at 2.40 below the strong support. I see ADA break out on the next day or 2 and walk its way up to 3.1. The final target is 4.13 for this trade, with partial profit-taking on the way up. However, I believe ADA will reach $19 in this bull cycle if BTC reaches my target of 185k. So enjoy the ride
BINANCE:ADAUSDLong
by CFcryptoTA
4
ADA explosion comingIf you are not in this baby...madness. In few days cardano is going to explode and reach 4.1 at least. it has succesfully break out the ATH and has held amazingly well above it. Now the 50 VWMA is approaching the prize to create support and also extreme volatility. ADA also painted a pennant which is slowly reaching an end. The target was taken by measuring the pole of the pennant and also depth of the cup. also the last time the stoch rsi on the daily was this oversold was at the bottom of this last correction. The BB bands are narrowing, squeezing the price forecasting high volatility in the short term. The volume increased on the ATH break out to then dry up while creating the pattern, this suggest a profit taking for the last 2 weeks. Now ADA is ready to push. Be ready guys is gonna be a fun ride. This is a follow up from the previous post on ADA. FOLLOW ME, SHARE, LIKE AND COMMENT.
BINANCE:ADAUSDLong
by CFcryptoTA
2
ADA weak breakoutADA has pushed hard in the last month, and it is now looking feeble. It is now breaking out from a channel to retest the new ATH resistance. I expect ADA to break out to reach 3.07, a new ATH, before retracing a little and then push to 3.4 short terms. However, the underline structure starts weakening with a bearish divergence between price and volume, which is a warning. It will be a warning until confirmed, so the trend, for now, remains bullish, especially with Alonzo coming online soon. Be ready for a possible turnaround for a healthy retracement anytime soon.
BINANCE:ADAUSDLong
by CFcryptoTA
6
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.
BINANCE:ADAUSDLong
by CoinGape
1