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Adausdlong

There are fantastic possibilities on the ADA chartI will share a few charts with you today. Since hitting the 0.68 resistance point on the ADA chart, we haven't been able to see a positive turn yet. Nevertheless, a formation has emerged on the ADA chart. This formation is called a 'falling wedge,' which generally indicates a potential upward movement. The target for this formation seems to be in the range of 0.63 to 0.65. However, there is still uncertainty about the upward movement for now; indicators are indecisive, and there are only possibilities. These possibilities include our first path (Green arrow), which involves rising from here and breaking the formation resistance. The second path (Red arrow) is gathering strength in the range of 0.44 to 0.45 and then moving upward again. Regardless of the chosen path, it is advisable not to make any purchases until the formation is completed, meaning our resistance point is broken. Otherwise, in the event of a general market downturn, the formation we outlined for ADA will be disrupted, and we will need to chart a new course together. So, no rush. Good day and abundant profits, my friends.
Long
by TonyStellar
8
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
Long
by MindPoison
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈 ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone. This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH ! If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by CryptoCheck-
1
ADA/BTC - CARDANO BREAK OUT WINDOW IS HERE CARDANO - CRYPTOCAP:ADA / BTC On Nov 1st I advised the following: ✅ A breakout in the window between 20th Nov - 29th Jan (could be shortened to the 8th Jan now). ✅ Bull trend confirmation = break above 50 SMA ✅Great risk/reward with stop under diagonal support Folks this could be the beginning of a long running upward move. A close above the 200 DSMA is confirmed and we are on the verge of a close above the 50 week SMA with this large 20% + move that ADA made today. If you were following me here or on TradingView you would have a position in place already that is in profit and with a tight stop under strong support protecting you against the downside. Early November I provided this chart and outlook because a window of opportunity was close. As a long term patient play ADA is still very much an option for new entries. Pull backs to the 200 DSMA or green zone are the most ideal entries, however as we are entering into the "breakout window" and we appear to be breaking out. If you do enter, always, always, always decide on and have a defined stop/get out level and stick too it. Write it down on the chart or a notepad. Stick to it. Protect yourself. For those in the trade since we shared, we are 40%+ in profit thanks to a little patience and good timing, and this is only the beginning of this trade. Don't let idle hands make you trigger happy, the trend might be upon us, don't pull the rug on your position as things are only starting to trend. PUKA
Long
by PukaCharts
5
ADA → Cardano Ready to Rip? Or Dip? Maybe $0.72 before Reversal.Cardano has been on a ride along with the entire crypto market for months and with a bull flag playing out, looks like we're going to get a little more upward price action. Should we long here? How do we trade this? 🤔 We need to wait for a pullback to at least the 30EMA, maybe the 200EMA, whenever we see some bullish price action in response. A strong bull signal bar closing near its high and a confirmation candle are preferable. This gives us the necessary probability to enter a long and place a protective stop below the 200EMA around $0.59. Plan to take half profits at 1:1 Risk/Reward around $0.63, move your stop loss up to the entry price to secure profits, then take profits at the next reversal signal or at 1:3 Risk/Reward around $0.727. We need to be aware that on the higher timeframes, Bitcoin and the crypto market is running hot and we should be on the lookout for a trend change. Either to a trading range and/or a reversal to the downside. We need to close a few more weekly candles to get an indication of the next market moves on the higher timeframes. 💡 Trade Ideas 💡 Long Entry: $0.630 🟥 Stop Loss: $0.599 ✅ Take Profit #1: $0.630 ✅ Take Profit #2: $0.727 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Flag after a Bull Run, Bias to Long. 2. Near Flag Resistance, Wait for a Pullback. 3. Gap to 1HR 30EMA and 200EMA, Wait for Pullback. 4. RSI at 64.00, Above Moving Average. Bias to Long. 5. Take half profits at 1:1, Remainder at 1:3. 💰 Trading Tip 💰 Bull flags in the proper context, provide over a 60% probability that a trend will continue. This provides justification to enter a long trade. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDLong
by TraderEngineering
Cardano's Explosive Potential: Targeting $1 and Beyond Cardano (ADA) is about to explode with potential, aiming for a target of $1 and beyond! Cardano, the blockchain platform that has been captivating the crypto community, is making significant strides towards becoming a force to be reckoned with. With its unique approach to scalability, sustainability, and security, Cardano has been gaining momentum, and the time to act is now. Why should you be excited? Here's why: 1. Unleashing the Power of Proof-of-Stake: Cardano's innovative proof-of-stake (PoS) consensus mechanism sets it apart from other cryptocurrencies. PoS offers scalability, energy efficiency, and reduced environmental impact, making it an attractive alternative to the energy-intensive proof-of-work systems. 2. Smart Contracts on the Horizon: Cardano is on the verge of releasing its much-anticipated smart contract functionality through the Alonzo upgrade. This development will enable developers to create decentralized applications (dApps) on the Cardano blockchain, opening up a world of possibilities for innovation and growth. 3. Embracing Sustainability and Regulatory Compliance: Cardano takes a responsible approach by prioritizing sustainability and regulatory compliance. Cardano aims to foster trust and attract institutional investors by ensuring compliance with global regulations, further driving its growth potential. Now, let's get down to business. It's time to take action and seize this incredible opportunity. Here's your call-to-action: Long ADA now and position yourself for the Cardano revolution! With all the exciting developments in the pipeline, Cardano is set to soar to new heights. By taking a long position on ADA, you can potentially ride the wave of success and reap the rewards. Remember, timing is crucial in the world of trading. As Cardano continues to gain traction and its value surges, you don't want to be left behind. Act now and join the ranks of forward-thinking traders who recognize Cardano's potential. So, what are you waiting for? Open your trading platform, place your long position on ADA, and get ready to witness the explosive growth of Cardano firsthand. Get ready to embark on an exhilarating trading adventure with Cardano!
Long
by bryandowningqln
1
ADAUSDT - WHALES Prefer a Lower Entry🐳Hi Traders, Investors and Speculators of the Charts 📈📉 A quick look at the Fractal that played out on Cardano during Jan - Feb 2021. A Big demand zone lies a little lower towards the support, and if we take a quick look at Phoenix Ascending (EMA, RSI, LSMA and Momentum) more downward price action seems the most likely for the near future. However, trying to catch the exact bottom is a dangerous game, and I am happy with this entry and perhaps a little lower towards the lower support zone as pointed out on the chart. If you like Fractals; you'll probably love this idea on BTC: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
32
Cardano Enters Buy with Strong Upward Channel - Time to Long ADAToday, I am thrilled to bring your attention to Cardano (ADA), as it enters a compelling buy phase with a strong upward channel. This is an exciting moment to seize, and I strongly encourage you to consider going long on Cardano. Let's dive into the details! Cardano, the third-largest cryptocurrency by market capitalization, has been displaying impressive bullish momentum recently. Its price has been steadily climbing within a well-defined upward channel, indicating a positive trend that traders like us simply cannot afford to miss. The consistently higher highs and higher lows demonstrate the market's confidence in Cardano's potential for further growth. The technical indicators for Cardano are also painting a promising picture. The Relative Strength Index (RSI) is comfortably positioned within the bullish zone, suggesting that there is still room for ADA to rally. Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing a bullish crossover, further supporting the notion of an upward movement in the near future. Considering these factors, it is evident that Cardano has tremendous potential for significant gains. As traders, we must identify and capitalize on such opportunities, and Cardano's current market conditions provide an ideal chance to do so. Now, it's time for the call-to-action! I encourage you to take advantage of this bullish momentum and consider going long on Cardano. By opening a long position on ADA, you position yourself to benefit from the anticipated upward movement in its price. This could potentially yield substantial profits, allowing you to further solidify your trading success. Remember, successful trading requires seizing opportunities when they present themselves. Cardano's upward channel and positive technical indicators indicate a highly favorable environment for long positions. Don't let this opportunity slip away! As always, it is essential to conduct your own analysis and risk management before making any trading decisions. Keep a close eye on the market, set appropriate stop-loss orders, and continuously reassess your positions based on market developments. So, are you ready to embark on this Cardano trading journey with me? Let's make the most of this bullish trend and aim for remarkable profits! Wishing you a successful and prosperous trading experience!
Long
by bryandowningqln