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ADAUSDT

CARDANO - Beware of the Zombie 🧟Charles Hoskinson, the visionary founder of Cardano, boldly predicted that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. I seriously doubt it will surpass any of the 2 (BTC or ETH) but i do tend to think it will be in the Top-5 At the same time, Cardano’s loss to Base leads to ‘zombie chain’ tag The disparity in the TVLs highlights how the Base has won the hearts of market participants while the Cardano hasn’t been exactly attractive. While Hoskinson’s proclamation has garnered admiration and anticipation, dissenting voices within the cryptocurrency community remain. Evan Van Ness, a prominent member of ConsenSys and an Ethereum advocate, criticized Cardano, labeling it a “zombie chain” due to its position below Base’s TVL (Total Value Locked). The debate will be on and ADA is facing more and more competitors.. remember the race against SOLANA and POLKADOT? ADA is still ahead of those in total marketcap. Don't cross out CARDANO..It will strike back remember Haskell: remember the Crypto Fable🐢: Time to look at ADA? Well, a lot depends on the market as such. One Love, The FXPROFESSOR
Long
by FX_Professor
12
ADA --Is the Head and Shoulders Pattern Activating?ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below the neckline and increased volume. Target Price: The target price for the pattern is calculated by measuring the distance from the head to the neckline and projecting that distance below the neckline. Risk Management: It is important to use proper risk management techniques when trading this pattern, such as stop-loss orders. Please note that this is not financial advice and you should always do your own research before making any trading decisions.
Short
by Crypto-Oracle1
ADA: Pullback in UptrendTrade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. We would be buyers near $0.57 support, which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52. Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
Long
by altFINS
ADAUSDT bullish continuationThe current market analysis suggests that ADA/USDT is experiencing bullish continuation, indicating a favorable environment for considering purchasing ADA with USDT. This assessment is based on technical indicators and possibly fundamental factors, such as positive news or developments surrounding the project. On the daily timeframe, a significant buying zone is identified between $0.56 to $0.58. This range represents an area where substantial buying interest has historically been observed, potentially acting as a support level to prevent further price declines. Additionally, on the 4-hour timeframe, a fresh buying zone is noted between $0.59 to $0.61. This zone not only aligns with the upward trend but also respects the trend line, adding further confluence to the buying opportunity. The identification of these buying zones highlights the importance of technical analysis, particularly in understanding key price levels and trend dynamics. Traders may use tools such as support and resistance levels, trend lines, and chart patterns to identify such zones and make informed trading decisions. Moreover, the alignment of the fresh buying zone with the trend line adds significance to the buying opportunity, as it suggests a confluence of factors supporting upward price movement. This could attract more buying interest from traders looking to capitalize on the continuation of the bullish trend. It's crucial to emphasize that trading decisions should always be accompanied by proper risk management strategies. This includes setting stop-loss orders to limit potential losses and adhering to position sizing principles to manage risk exposure effectively. By incorporating risk management practices, traders aim to protect their capital and minimize the impact of adverse market movements. In conclusion, the analysis suggests a bullish continuation for ADA/USDT, with significant buying zones identified on both daily and 4-hour timeframes. These zones offer potential entry points for traders, with the added confluence of respecting the trend line. However, prudent risk management remains essential to navigate the uncertainties of the market and ensure long-term trading success.
Long
by MOAZAM1133
Macro HopiumTried to make this line up with fib times. W & Y are about equal in time and degree, this is assuming BTC rallies into the end of the year and bottoms in 2023 and that alts bottom a few months after it. The primary (3) impulse is taken from primary (1), added previous ATH trendline which seemed like it could be significant. Let me know what you think! Definitely not accurate do not invest based on this, especially exact targets!!! Just a general longer time frame idea, I am noob
by jhoeb
1
ADA - Breakout from the Triangle BINANCE:ADAUSDT (4H CHART) Technical Analysis Update ADA is currently trading at $0.5251 and showing overall bullish sentiment. ADA just broke out from descending triangle and showing overall bullish sentiment. If this trend continues, we can expect ADA to new highs soon. Entry level: $0.4980 - 0.5258 Stop loss level $0.4175 Target 1: $ 0.6160 Target 2: $ 0.7738 Target 3: $ 0.9873 Target 4: $1.202 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ADA - A good opportunity for LONG tradeBINANCE:ADAUSDT (1D CHART) Technical Analysis Update ADA is currently trading at $0.6642 and showing overall bullish sentiment. Currently ADA has formed a broadening wedge pattern and now the price is bouncing from the support line. We have a good opportunity a long trade. Use smaller capital than normal Entry level: $ 0.6639 Stop Loss Level: $ 0.5606 TakeProfit 1: $ 0.72 TakeProfit 2: $ 0.79 TakeProfit 3: $ 0.88 TakeProfit 4: $ 0.96 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ADA - Buy now for 2000% profit, forget about BTCTechnical analysis The price of ADA is still very low compared to BTC. While BTC is almost at the previous all-time high from 2022, Cardano is below 0.236 FIB. Whales never pump all coins together, they need to pump it individually to make as much money as possible. ADA is still one of the coin that is waiting for an explosive move, that's why I suggest you to buy ADA as soon as possible. From a technical perspective ADA formed a bullish flag pattern on the weekly chart and this pattern will be confirmed very soon. To confirm it we need to break above the previous swing high of 0.68. My Elliott Wave count suggests that we have a strong bullish nest (1),(1),-1-,-2- and wave (3)-3- is starting! This is a dream of every Elliott Wave trader. We can see that the price broke out of the long lasting accumulation phase on the weekly chart and already made a pullback to the edge of it. The retest was successful and we can start a strong pump! On the chart you can see my profit targets. PT1, PT2 and PT3. Depends on how long you want to hold ADA. You can also long ADA on the futures market with leverage! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Cardano news 4.6 Million Strong: Cardano Network Sees Massive Growth In New Wallets - Cardano (ADA) is making waves in the cryptocurrency market as on-chain data reveals a surge in wallet creation, signaling a growing adoption of the blockchain network. Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Long
by Xanrox
55
ADA bullish continuation.Here's another one, so ADA has been in correction as well, Based on the chart, the correction ended around 0.5800 From the current price, Im expecting for the ADA price to continue with the bullish rally to the new ATHs, for confirmation, if the next 4 hour candle closes above 0.6400 and the next candle after fails to go below this price, then long it without hesitation and set stoploss around 0.5900 If you enter around .06400 when the candle fails to go below this price. Otherwise below this price, around 0.5800 and below theres just liquidity for long orders. In terms on the analysis, count etc, everything has been labelled on the chart. Remembers always its NFA.
Long
by Theofylrx
1
ADA - Be Ready for a SUDDEN PUMP📉Hi Traders, Investors and Speculators of Charts📈 Fundamentally - I'm no fan of Cardano. In a certain sense it gives me XRP2.0 vibes, with the cult following community and all. Over-promise and under-deliver with youtube shillers is XRP style and raises red flags. Ultimately, I believe crypto is bigger than one person , and most definitely bigger than than one industry expert / founder. These are a few reasons as to why fundamentally, I'm not an ADA fan. HOWEVER. As I've said many times before, any coin can and will be traded by whales. Herewith lies opportunity for retail traders, IF you manage to get a good entry. From a chart analysis, Cardano has broken out of accumulation phase by forming a clear bottom. We even start to see glimpses of a new bullish cycle starting as the price makes higher lows. To the left from a weekly outlook, a wick to the purple 200d moving averages is possible. On the right, from a daily perspective, we'd like to see the turquoise 100d moving averages hold: I believe it's possible for the price to continue increasing from here and I even believe a hard and sudden, random pump is possible (likely followed by a sudden dump). I'll be looking for increases 30% and 45% from here, as near term targets. Higher is possible, but I'll leave higher targets for a later post once we have actually achieved these price levels. You may need some patience though: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck KUCOIN:ADAUSDT COINBASE:ADAUSD
by CryptoCheck-
1
ADA: Pullback in UptrendTrade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. Now it’s reached $0.57 support and is getting oversold (RSI ~ 30), which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
Long
by altFINS
Cryptolean Cardano ADA Update Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80. Above $0.80, bulls will take control of the ADA price chart towards $1. A daily candle closure above $0.80 will push ADA price towards $0.90 and higher. Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline. Intraday Chart The ADAUSDT 4-Hour chart is in the bullish territory and holding the key intraday support of $0.736. A reversal from its current price location is likely and a bullish rejection of $0.736 will push Cardano to the key intraday resistance zone of $0.84-$0.88. A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.84-$0.88 and higher. Like once read. Thank you!
Long
by Trade-Lean