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ADAUSDT

ADAUSDTThis is a 1D frame analysis for ADAUSDT The price of Bitcoin has tested its static support band for some time and is currently above the support line. The candle has started to move upwards with a shadow a few days ago, and we can expect a price increase, but keep in mind that as long as the price is above the support line, we can expect a price increase. If the price can maintain itself above the support line, it can experience higher prices for a long time. But don't be fooled, it is possible for the price to go slightly higher and be pushed back by selling pressure and experience more volatility. We have mapped out support and resistance areas for you dear friends so that you can use them in different situations.
by MarsSignals
FIL/USDT 4H: ready for short positionIn the daily time frame, we can see that after breaking the trendline, it could not cross the static resistance (flip zone) and take back the last top Weakness in price stabilization is evident In the 4H time frame, we have an upward trend line that the price has penetrated twice and is currently moving tangentially with it. There is also a support zone that has prevented the price from falling If the trendline and the support zone are broken, we can enter the short position in this area in pullback (according to the drawn scenario)
Short
by Dealerify_HUNTER
8
ADAUSDT (Cardano) Potential Bottom Formation Explored💎Attention, Paradisers! An imperative update on #ADAUSDT is here. We've pinpointed another pivotal bounce off the support for #Cardano. Following a verified daily dip below the 61.8% Fibonacci support, the trend persisted in its descent, aligning with our preliminary predictions. 💎With this support breached, our gaze is set on #ADA approaching our lower target at the dual Fibonacci support. Yet, the previous day's decline halted precisely at the 88.6% Fibonacci support, casting shadows on the prospects of a further downward trajectory. 💎If this support remains unyielding, it could herald an optimistic turn in #ADAUSDT's price movement, possibly marking the nadir of the prevailing downtrend. However, for a trend reversal to gain our stamp of approval, we're keenly awaiting a breach and subsequent closure above the resistance thresholds of $0.35 and $0.38. 💎Such a move would amplify the chances of a medium to long-term bullish wave. For the time being, our focus remains unwavering on the current support, which might just be the linchpin for long-term stability. Stay vigilant, Ladies and Gentlemen of ParadiseClub!
Long
by MyCryptoParadise
Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN) VC's continue to try sell Bitcoin to "prop" up their token to keep interest going. Its not working and at the same time they're losing the only assets that matters, Bitcoin. "BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT. Ethereum also mimicking the BNB sell cycle. Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over. I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery. There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero. We're in the final period where the market caps consolidate to the winner, Bitcoin. ------------------------------------------------------------------------------------------------------------------- "Today #Tether announces the ending of the support of 3 blockchains CRYPTOCAP:USDT : OmniLayer, BCH-SLP and Kusama. Customers will be able to continue to redeem and swap CRYPTOCAP:USDT tokens (to another of the many supported blockchains), but Tether won't issue any new additional CRYPTOCAP:USDT on those 3 blockchains." "Yet we want to emphasize that Tether's team is rooted in the belief of leveraging the most secure, audited, and decentralized blockchain ever built: #Bitcoin . In fact, we are actively contributing to developing RGB, alongside to @bitfinex and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem. RGB has been postulated and boostrapped by @peterktodd and @giacomozucco . You can find more info here: rgb.info RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once CRYPTOCAP:USDT on RGB goes live, the world will witness CRYPTOCAP:USDT on another super-powerful and scalable #Bitcoin layer. If you didn't take a look at RGB yet, I strongly recommend you to do it. It's community driven, fully open source, developed and maintaned by super talented minds. RGB does not require any other token. Simply secured by #Bitcoin built by bitcoiners ♥️" Paolo Ardoino TO @tether_to + CTO @bitfinex twitter.com
COINBASE:BTCUSD
by FederalXBT
DOW THEORY APPLIEDADA is showing one of the tenets of the DOW Theory. According to Dow, the market has three phases: 1) An accumulation phase 2) A public participation phase 3) A distribution phase The accumulation phase represents informed buying of the investors. The public participation phase is where the prices advance rapidly along with great news. In the distribution phase, the same "informed investors" who "accumulated" near the bottom begin to "distribute". Right now, we might expect a couple of months-long Accumulation Phase before any rally due to Public Participation. For more information on Dow Theory, you can read "Technical Analysis of Financial Markets" by Johny J. Murphy
Education
by Mr_Banker
ADA/USDT Bullish Scenario Incoming !!💎 At present, ADA is undergoing a retest within its supply zone, hinting at a potential move downwards towards the demand or Bullish OB region between $0.270 - $0.253. Should the price touch this zone, we could witness a bounce-back, propelling ADA towards an upward trajectory to challenge the resistance trendline and the subsequent supply zone. 💎However, if ADA swiftly breaches the supply zone and firmly establishes above it, it might skip the demand zone altogether, setting its sights directly on the resistance trendline and the supply points at $0.379 and $0.428. 💎On the flip side, should ADA fail to hold the Bullish OB, it's plausible for it to carve a new lower low, indicating a deeper descent. 💎 Paradisers, keep a keen eye on these potential market movements! 🌴
by MyCryptoParadise_Nathan
ADAUSDT Price Dynamics and Potential Bearish Signals💎In recent times, #ADAUSDT has witnessed a significant price spike that caught many sellers off guard. However, it is crucial to delve deeper into the price action to gain a more comprehensive understanding. Could this sudden surge be a stop-loss hunt, designed to shake out the bears before a major price decline ensues? Let's explore the evidence. 💎 One notable aspect is the recent price action, specifically the bounce from the 200 Exponential Moving Average (EMA) on the daily chart. This serves as an intriguing signal, suggesting a potential reversal. Moreover, we observe how the price spiked above the EMA, reaching the supply zone, but was ultimately unable to surpass it. This observation underscores the significance of the $0.38 supply zone, as it continues to maintain the long-term bearish trend for #Cardano. 💎 Additionally, #ADA remains within the confines of a descending channel, providing further validation of the prevailing long-term downtrend. With this in mind, it is prudent to anticipate a minor upside pullback before a substantial drop occurs. This potential pullback could elevate the price to the $0.35 level, which aligns with a double Fibonacci resistance, adding strength to the expected price decline. 💎 Looking ahead, the anticipated drop could be as significant as a 50% decline over the coming weeks or months. The key support level to monitor resides at $0.1767, further reinforced by a double Fibonacci level, as illustrated on the chart. As Paradise Club members, it is crucial to remain attentive to these developments. 💎 In conclusion, the MCP team is diligently monitoring the current pullback, seeking the optimal entry point for a short trend strategy. As always, we are committed to providing timely updates and guiding our Paradisers toward informed decisions amidst the evolving market conditions. Stay tuned for further analysis. 🌴
Short
by MyCryptoParadise
Cardano staying above 0.3 levelHi guys, let's look at the current situaition on Cardano. There is nothing much changed on Cardano since my last idea. ADA price is still fighting to stay above 0.3 support level and it's good sign for the bulls. But the only problem here is that Cardano's price is falling faster than growing. The ADA price is showing that it's unable to rise to 0.35 level and it's keep trading just above 0.3 support level. In case if Bitcoin price drops under 29k level then we surely will see ADA price dropping under 0.3 level. Overall I'm still bearish on Cardano as its price unable to show any signs of life. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
2