ADA/USDT show a bouncing from the support, potential back to UP💎 The recent market dynamics surrounding #ADA have indeed been quite notable. Currently, ADA is positioned on the support area.
💎 Historically, when ADA has touched this support area, it has exhibited significant upward movement. Therefore, there's potential for ADA to replicate this pattern by bouncing off the support and resuming its upward trajectory, possibly testing the bearish OB area.
💎 However, if ADA fails to sustain the support or bounce effectively, it could signal a loss of momentum and potentially lead to a breakdown below the support level. This would result in continued downward movement, possibly towards the Bullish OB area.
💎 At the Bullish OB area, a bounce and reclamation of price above the support level would be essential to resume the upward trend. If successful, ADA may have an opportunity to reach our target level. Conversely, if ADA fails to hold above the Bullish OB and breaks below it, further downward movement may ensue.
ADAUSDT
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Price is also oversold (RSI < 30) and could bounce up near-term. Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
ADA is gonna Reach $1 One way or another!!!Hi.
BINANCE:ADAUSDT
✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
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.
❗ 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!!
Cardano Update: Growth Since Entering at Wave 4Since entering Cardano at Wave 4, we've seen a 30% increase and anticipate further growth towards the overarching Wave (1). Subsequently, as expected, there should be a Wave (2), which would likely result in a deeper retracement, potentially flushing some participants out of the market. However, there remains a significant upside potential until then. The exact peak of Wave (1) is yet to be determined. We've already secured some profits and have adjusted our stop-loss to our entry price to avoid unnecessary risk. Given our long-term investment in several altcoins, there's no need for greed. Should we surpass Wave 3 significantly, we anticipate a ceiling around $0.90. Rest assured, we'll keep you updated, especially if there's an opportunity to take profits beforehand.
ADA/USDT SPOT BUY SELL ZONES 13.03.2024I am pretty bulish about ADA , it left so much liquidity and few high time frame BPR's (balance price range/ double imbalances) during the last drop.
This BPR's are will be my take profit levels, only about 30% of my spot position will reach the ath (even if it ever will). It is possible target to reach but i am playing it safe.
Green thick bars are places to buy, for quick correction, deeper, and my favourite: correction for the entire upward movement. I will place there my orders waiting for quick wick
#FILUSDWith the news of the war between Iran and Israel, the elephant currency may drop to $4.30. The best point to buy the elephant currency is $4.30. This currency has a short-term target of $16 or even higher and a target of $52. Therefore, investors with Consider the numbers and buy at your own risk.
ADA - Time to Do or Die!Clarification:
1. I am hoping ADA will recover and perform well. However, hope is not a trading strategy; this chart is mega-bearish.
2. The chart is on the weekly TF, but the EMAs are the Daily EMAs.
Analysis:
1. ADA lost the upward-sloping trendline on April 2nd.
2. ADA was unable to reclaim the uptrend on April 8th.
3. As a result, ADA dropped to its initial support level of 45 cents.
4. Should ADA fail to reclaim the trendline, it is in danger of completing a Head and Shoulder Pattern on the weekly TF.
5. The Pattern’s target is 8-cents.
Initial Invalidation:
• Reclaim the trendline and the daily EMAs, whichever comes first.
Final Invalidation:
Make an HH above 82 cents.
Best wishes
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders:That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Stop Loss (SL) level at $0.55.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on 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 $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
ADAUSDT → The bulls are holding the price. Waiting for the rise BINANCE:ADAUSDT is testing the limit support area, which is actively defended by buyers, within the framework of the uptrend. A buyer appears on the market.
Caradno is trading in a very wide channel, in general it indicates to us the actual potential. The price cannot break through the MA-200 yet, but most likely the next attempt may be successful. The coin is lagging behind the growth of the whole market and in general continues to accumulate energy. The price is testing 0.5687 amid the market correction. The area is quite important, behind which there is a huge pool of liquidity, but the bulls continue to actively restrain this area.
Resistance levels: 0.6788
Support levels: 0.5687, 0.4877
Regarding 0.5687, after the false breakdown on April 10, a liquidity grab is formed, buyers appear on the market. High probability of trend continuation and price strengthening to the local maximum
BINANCE:ADAUSD BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2
Regards R. Linda!
Honestly, I don't feel like explaining, the chart says it all !!Hi.
COINEX:ADAUSDT
Chart is Speaking It Self!!!
Simple analysis...
The price has found the ascending channel support,Expect move up and reach the $0.80 level as the next target.
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!!
🐳Cardano will Go Up Again🐳Hi.
BINANCE:ADAUSDT
✅Today, I want to analyze ADA for you in a 12h time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
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 .also a bullish Divergence (RD+) on MACD which shows Positive Signs for CARDANO.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
🟢 Bullish Divergence
❗ 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!!
ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈
In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes!
Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain.
This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle.
According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution.
The aim is to conduct elections with increased transparency.
It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes.
At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely.
The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting.
Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano.
But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum.
The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:ADAUSDT
ADA: trade by breakout📊Analysis by AhmadArz:
🔍Entry: 0.571
🛑Stop Loss: 0.553
🎯Take Profit: 0.588-0.604-0.622-0.632
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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ADA: Descending Triangle BreakoutTrade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. Bullish breakout from a Descending Triangle pattern could see price swing up to $0.65-$0.68 near term and possibly $0.80 thereafter. Stop Loss (SL) level at $0.55.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short-Term basis, Neutral on 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.
A potential head and shoulders arrangement on CardanoThe formation of the formation will be confirmed by a decline confirmed by a large trading volume. The minimum range of decline, measuring the height of the formation from the neck line down, is ~ 0.35. However, it should be remembered that such a movement may occur in an interval of 4 hours or 1 day - so the movement may last a week and a long time...
In this situation, breaking the local downtrend line may result in a break of the formation and three ranges of an upward movement.
Cardano, mid term tradingHappy Sunday everyone,
this analysis is a medium term analysis, which closes the position in the next two or three months.
In this analysis, I used a daily time frame, because if I used 4 hours, it wouldn't fit on 1 chart.
Cardano has touched channel up support that was formed since early November last year, and this pattern is still very strong and persists to this day.
We can take bullish steps now around the 0.5878 level, or wait to touch support again at the 0.5692 level, by pursuing the 52% profit projection at the up resistance channel at the 0.8710 level as profit target.
However, this time I recommend using a small margin, because it is not only the up channel that is formed, but also the head and shoulders pattern.
and if the up channel pattern breaks down, then what will happen is that bears will pursue the target of 0.3411 with a decline of -40%
My money management is simple in this trading,
I use 1% of equity without a stop loss and if the price falls to 0.3411, I make a buyback (martingale) with a volume of 2% or 3% of equity.
Hopefully this analysis is useful,
Don't forget to support and share this analysis.
Happy trading
ADA Price AnalysisADA, is currently trading within a range of prices, specifically between 0.5588 and 0.5988. There are two scenarios to consider:
If ADA maintains its price above a certain level, marked in green, and then breaks above another specific price point at 0.5934, we might see a significant upward movement of about 24%. The target price for this potential move is 0.7414. In this case, we might consider entering the market after ADA surpasses the 0.5934 level. To manage risk, they could set a stop-loss order below the green zone.
Alternatively, if ADA's price drops below the green zone, particularly at 0.5695, the next target price would be around 0.4620. This lower price level could present another opportunity for us to enter the market.
ADA +70% LONG OPPORTUNITY | CONFIRMED BREAKOUT +$1 SOONCRYPTOCAP:ADA has formed a year-long cup and handle pattern. Traditionally, this pattern is a bullish indicator of continued upward movement. The cup and handle have played out perfectly, and we have broken out of the resistance at ~0.68. This move confirms our pattern and makes this a well calculated long entry position.
I expect a 70% increase in the price of CRYPTOCAP:ADA in the short term, which would put the price above $1 (~$1.15). This is potentially a great entry to a long or large spot position before a swift upward movement.
The altcoin market cap, including ETH ( CRYPTOCAP:TOTAL2 ), is already front-running the altcoin market cap, excluding ETH ( CRYPTOCAP:TOTAL3 ). This is another bullish indicator that the alt coin market may be ready for another leg up, helping out patterns play out.
I personally added to a spot position here, but I think its a great long entry as well if you have more powder.
DYOR and bring home those gains.