ADA at heavy resistance areaADA is now at the heavy resistance area and also at the downtrend line. This is no trade zone for ADA, wait for a clear breakout and retest or for rejection. The support, for now, is around $1.7-$1.2 area and the heavy demand zone is near $1. This is not a good time to enter in ADA.
Adausdlong
CARDANO/ADA ViewOn the weekly ADA can be seen to be briefly touching the 2.618 fib, a level it has overcome but has dipped back down to retest
On the Monthly a Bullflag can be distinguished from the low volatility in the past weeks, which is also a good sign for the bulls
Personal bias is neutral on ADA, but this does look very bullish
Above is a chart showing the tight trading range that has been established in the past weeks
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.
ADA Tight Trading Range, Breakout ??On the USD pair ADA can be seen to be moving in a very tight range, I notice this a lot prior to massive breakouts upwards, which is very possible in this case
Just touching the 100MA
On the BTC pair another retest of the 50MA is in progress, each time this has occurred a bullish rejection was the result, likely another rejection upwards
I do not hold ADA but this looks great
#ADA pushing too $1.54 in the morningUtilizing the Fib Ret along with the trending line you see we just touched the trending line which indicates we may see a nice push towards the $1.53 resistance.
I do believe we may break the resistance & have a pretty solid day above $1.50! If we hit the resistance we may have a slight dip to retest the trend line then be back on our way up. If we do dip below the trending line we may see $1.34.
*Not Financial Advice
ADA no trade zone, Wait for breakout ADA Analysis:
ADA broke the downtrend line and trying to break the major resistance area of $1.6-$1.63 but rejected from there. We may see a bounce from the local support zone of $1.47-$1.5. If ADA is unable to hold the $1.47 support area we will see $1.35 or below. ADA is now in no trade zone, either buy after the breakout of the resistance zone or near the support zone. Altcoins are waiting for BTC to make a clear breakout before turning bullish.
💥CARDANO BUY SETUP - TO LONG TO $1.80We have three (3) main setup here and a very good buy confirmation on this chart to go long to $1.80.
First, we have an uptrend (trend continuation). We also have a bullish pennant breakout and price in a ranging zone testing the demand zone back to the supply zone.
The trendline breakout confirms this three (3) setups for price to go long to $1.80.
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ADAUSD 4h Trading SIDEWAYS Range LONG On a 4H chart it seems like there is a double bottom in the forming on the lower band of the channel, that holds the price for the past 3 weeks. On a larger scale we can see an attempt of inverted H&S that failed at the now upper channel resistance level.
Full double bottom formation would most likely mean retest of a channel resistance - with RSI and MACD levels low, there could be a breakout if the overall crypto market starts gaining strength.
For now ADAs price stills correlates to BTC movement. Past few days it seems like a market could be forming a local bottom, opening a potential for a slow climb towards previous highs.
PERSONAL TRADE:
Enter trade at: 1.45
TP: half at 1.75, half keep for chance of a breakout
SL: 1.30
Risk reward ratio: 2:1 + (depends on second half Profit taking)
Would re-enter the trade if price comes to retest pre resistance in case of a successful breakout.
Check my MACD Histogram Script. You can get it for free if you click on my profile and check scripts section ;).
ADAUSD - LONG TO $2.30 (40% ROI FROM ENTRY)We have an ascending triangle with three credible support trendline on the chart.
Price retested the trendine and resulted into a bullish pin bar which indicates a long position incoming.
Therefore, I expect price to break the neckline upward and to continue in that direction.
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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.
ADA Buy the dip.ADAUSDT - Intraday - We look to Buy at 1.531 (stop at 1.439)
Daily signals are bullish.
Pivot support is at 1.500.
We look to buy dips.
Dips continue to attract buyers.
We look for a temporary move lower.
Short term bias is mildly bearish.
Our profit targets will be 1.821 and 1.861
Resistance: 1.700 / 1.750 / 1.830
Support: 1.600 / 1.550 / 1.500
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.
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Cardano consolidating 4hrCardano could be considered one of the hottest crypto's on the market. Over the last few months it's hit a few milestones.
Staking went live along with full decentralization
Coinbase and Coinbase Pro added it thus giving it more mainstream exposure
The Ethiopia deal was confirmed (www.coindesk.com)
SundaeSwap ISO is getting a date and time for their "Initial Pool Offering" where users can stake their ADA for Sundaetokens to power their Defi Exchange (similar to Uniswap)
Knowing this we've seen Cardano remain resilient throughout these recent market sell-offs. We continue to see higher low's on the 4hr chart along with some sideways action and low volume (Accumulation).
I do not have a particular target date for when Cardano will break up but I will be monitoring the Sundaeswap ISO announcement (supposed to be within the next day) and see if there is any correlation between their announcemet and ADA price action.
💡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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💡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 64
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
ADA Buy the dip!ADAUSDT - Intraday - We look to Buy at 1.415 (stop at 1.315)
Daily signals are mildly bullish.
Dips continue to attract buyers.
We look to buy dips.
Support is located at 1.400 and should stem dips to this area.
Our profit targets will be 1.692 and 1.792
Resistance: 1.600 / 1.700 / 1.830
Support: 1.450 / 1.400 / 1.320