ADA/USDT Trade Alert: Bullish Butterfly Pattern Indicates PotentThis report provides a detailed technical analysis of the ADA/USDT pair, focusing on the formation of a Bullish Butterfly Harmonic Pattern at a key support area. Based on the analysis, we propose entry, stop loss, and multiple take profit levels to maximize potential returns while managing risk effectively.
Bullish Butterfly Harmonic Pattern
Pattern Formation
The ADA/USDT pair is currently exhibiting a Bullish Butterfly Harmonic Pattern. This pattern is characterized by specific Fibonacci retracement levels which indicate a potential reversal from the current bearish trend to a bullish trend. The completion of this pattern suggests a high probability of an upward price movement from the identified support area.
Key Support Area
The key support area has been identified at 0.385. This level has historically shown strong support, making it a strategic entry point for initiating a long position.
Trade Recommendations
Entry Point
Entry Price: 0.385
The entry point is set at 0.385, aligning with the completion of the Bullish Butterfly pattern and the key support level. This entry ensures that the trade is positioned to capitalize on the anticipated bullish reversal.
Stop Loss
Stop Loss: 0.358
A stop loss is placed at 0.358 to limit potential downside risk. This level is strategically chosen below the support area, ensuring that only a confirmed breakdown below the support will trigger the stop loss.
Take Profit Levels
To manage profits effectively, multiple take profit levels are set as follows:
TP-1: 0.41200
TP-2: 0.43900
TP-3: 0.46600
TP-1: 0.41200
Conclusion
The formation of the Bullish Butterfly Harmonic Pattern at the key support area suggests a high probability of a bullish reversal for ADA/USDT. The recommended trade setup, with an entry at 0.385, stop loss at 0.358, and tiered take profit levels, offers a balanced approach to risk and reward. Traders should monitor price action closely to adjust the trade plan as needed based on market conditions.
Please ensure to conduct your own analysis and consider current market conditions before executing any trades.
ADAUSDT
ADA Swing long idea The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as technical confluence, reinforces confidence in the long bias.
In navigating the upward trajectory, traders should identify and monitor key horizontal levels, which may serve as profit-taking opportunities. Concurrently, the implementation of risk management is imperative to mitigate downside exposure.
Opened ADA UP position at 0.482 price with 5x leverage Hi everyone,
In last 3 days ADA price increased on over 10% and I think that it's just a beginning.
I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform.
First target is 0.52, Second target is 0.62, Stop loss at 0.42
This is a high risk trade but potential reward is worth it.
Please, do not forget to boost this idea & share it with your friends; thanks.
SasanSeifi 💁♂ Daily Price Analysis (ADA)Hi there!✌
As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent range and the EMA. Further correction to the 0.38 cent demand zone and the 0.30 cent zone can be considered. The probable trend is also indicated in the figure above.
After ranging and positive fluctuations, we are expected to see a further correction to the demand zone and the BULLISH BB. Then, we can expect a ranging trend and a positive reaction from the demand zone. In case of positive fluctuations, to better understand the continuation of the price movement, it should be observed how the price will react to the important 0.50 cent range to better understand the continuation of the price movement. The 0.50 cent range is a significant resistance level.
In addition, Expect ranging with potential for further correction followed by a bounce off the demand zone. The key resistance is 0.50 cents. A breakout above 0.50 cents and the 200 EMA could signal growth to 0.55/0.60 cents.
Please note that this is not financial advice and should not be taken as such. Always research and consult with a financial advisor before making investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise.
I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment.
1) HBAR
Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects.
2) XRP
Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset.
3) LTC
I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon.
Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices.
4) ADA
I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool.
5) ALGO
I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either.
You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this:
Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading.
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BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD
Diving into ADA: Profits, Sharks, and Technical Targets!Hello community,
The ADA coin has gone through various phases. Initially, whales accumulated below 0.4 USDT for an extended period 🐋. However, after the price surged by 250%, a correction became expected as investors sought to capitalize on their profits 💰. Notably, the key level between USDT is significant due to the presence of sharks 🦈, who are intermediate-term investors. Their strategies rely on real volume profiles , which are not commonly discussed on media platforms like YouTube or Instagram, as they necessitate data analytics and volume studies 📈. The technical price objectives are depicted in the chart 📊.
The first objective stands around 1.14 USDT, reflecting a 150% profit for sharks🦈
The second objective is at 1.6 USDT, indicating a 600% profit for whales 🐳
However, it's crucial to note that these objectives are based on technical analysis and may change depending on market conditions 📉📈.
🚨 Attention Traders: Beware of Imitations!
It's come to my notice that many are adopting my ideas and even discussing them on their channels. But here's the deal: stick with me for the real deal, no services for sale! Boost to encourage more unique insights and ideas to flow. Together, we can navigate the markets with authenticity and success! 💡💪
Happy trading !
Honestly, I don't feel like explaining, the chart says it all !!Hi.
BINANCE:ADAUSDT
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
✨Targets are:
🎯$0.52
🎯$0.57
🎯$0.62
🎯$0.685
🎯$0.73
🎯$0.775
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADAUSDT Elliott Waves (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Entry: market and lower
Targets: 0.53 and 0.6
after first target reached move ur stop to breakeven
Stop: 0.4, if agreesive - under last low (depending of ur risk).
RR: 1 to 2.5
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
ADA: Support Zone Detected, Potential Price Increase! ($ADA)ADA may have found support above $0.42! Price is setting higher lows and retesting the 50-day MA (resistance) for the third time.
Bullish on ADA? Consider entering a trade between $0.46 and $0.48 with Take Profit targets at $0.58-$0.60 (first resistance) and potentially $0.6650-$0.6870 (next resistance).
Stop Loss: $0.40 (daily close below invalidates the trade). Consider adding to your position if price closes above the 50-day MA.
RSI reset on daily and weekly charts suggests price might be finding a low.
#ADA #Crypto #TechnicalAnalysis #SupportZone #BuyZone
ADA TM : 1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
ADA/USDT Gaining Momentum For a Rally From a Key Support💎#ADAUSDT has impressively surged above the descending channel and it's now in a critical phase to retest resistance turned support. The Point of Control (POC) of the VRVP Channel provides additional backing and boosts the likelihood of maintaining this bullish trend.
💎If #Cardano successfully maintains the retested support at $0.425, we expect a robust rally fueled by the built-up momentum at this level.
💎However, if CRYPTOCAP:ADA loses strength and slips back within the channel, dropping below the new support, this might suggest a reversal to a downward trajectory. The next crucial demand zone stands at $0.387, a level known for its significant bullish responses owing to strong liquidity.
💎On the other hand, if #ADA revisits this demand zone, it is imperative that the price firmly rebounds from this point to sustain the support. Failure to do so could intensify bearish pressures, deteriorate market sentiment, and potentially prompt further price declines.
💎Stay sharp and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and prepared to navigate you through the evolving dynamics of the #Cardano market.
MyCryptoParadise
iFeel the success
Testing the support level at the bottom of the triangleCardano is currently testing the support level at the bottom of the triangle. This key point can play a crucial role in determining the future price direction. If this support level holds, there is a possibility of an upward movement and a price rebound to higher levels. However, if this support is broken, a continuation of the downward trend and further price decline can be expected.
ADA Daily Chart Analysis - Long Target $0.62, Short Target $0.26NOT FINANCIAL ADVICE
TL;DR Bear Pennant / symmetrical triangle, No Trade Zone, wait for breakout. Long target is $0.62, short target is $0.26
BITGET:ADAUSDT has been trading in a symmetrical triangle (potential Bear Pennant) since April 13th. For me it's a No Trade Zone now, a breakout is needed to determine the direction of the next trend
Fairly respected fibonacci retracement levels highlight potential areas of interest
Disclaimer: The targets will change if a breakout does not happen soon, as they need to be measured starting from the breakout point
🟢 Bull Case
The target of a breakout from the resistance trendline 🟠 is $0.62, which is also where the breakout that led to the last leg down happened
Watch $0.58 (0.718 fib) as it is a previous key area and a High Volume Node which could offer some resistance
🔴 Bear Case
The Pennant target for a break below the support trendline 🔵 is $0.26, which is a previous key area and inverted 1.618 fib of the last leg down
ADAUSDT Short Term Roadmap 28-MayHello my friends
Cardano is getting squeezed to start a new move up.
The red lines indicate the range of the daily price range
According to the chart, I am looking for a suitable setup for a long position in the specified range
The confirmation will be done in 15 minutes
This post will be updated, please let me know what you think about it
ADA long setupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA - Cardano - The Charles ArmyADA - Cardano - The Charles Army
Been awhile. I've pivoted to more rewarding chains. Ie. SOL and its smaller shitcoin prodigies. This one will go properly eventually; but I think your looking at about a 5x from here. Things like RAY, ORCA, JOE etc will probably do better.
Might be wrong and the ADA market makers are instructed to pump this puppy like they used to. ie 100x from bottom.
If Charles pivots this ship to be more developer friendly and .. cooler then maybe it goes bananas.
This is for my old Cardano homies. keep your head up.
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT
Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully.
A few other altcoins that call for concern include the following:
Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account.
You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief).
Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following:
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