Get started

ADAUSDT

What is Going on with ADA?TLDR: • If you are a holder/ long-term investor ADA is in a DCA zone, IMO. • Short- term it is not clear, yet, if ADA has bottomed. • Arguments for and against a bottom are mentioned below. • Possible long trade mentioned below. • ADA is a high-risk asset, at least for now, you need to be aware of it before considering a long. Background: • ADA lost its upward sloping support trendline on May 21st. • ADA failed to reclaim the trendline and the 21D & 50D EMAs on May 28th. • Following the SEC’s legal attack on ADA (among others), ADA’s price dropped more than 40% and made a new bear Market low. • Currently it looks like ADA is Trying to form a bottom structure, but it is not clear if the bottom is in or not. Arguments for a Bottom: 1. ADA is Extremely oversold. 2. ADA formed a Tweezer Bottom on the daily chart. I admit that there is scant evidence of a bottom ATM. However, I don’t think it is wise to short an oversold asset. So, as far as I can see, the best approach is to sit and wait. Arguments Against a Bottom: 1. ADA is below a weekly support level, flipped to resistance. 2. There is no rejection of lower prices. All I see is a consolidation below resistance which could go either way. 3. ADA left a huge wick to the downside (more than 20%). My experience shows that wicks get filled. Until at least 50% of the wick is filled, it is unlikely that the bottom is in. (You probably know who is teaching wick fills. Unfortunately, I cannot mention a name, or provide a link, as it is considered a promotion on the TV platform) In short, there are better trades out there. However, if you are a believer and a long-term investor in ADA this could be an opportunity of a lifetime. Accordingly, I have long trade ideas for ADA. Trade Idea No. 1: • Entry: Between 0.2446 – 0.2168. You must wait for at least a partial wick fill and a clear rejection, with volume, to the upside. • SL: Below the latest daily candle low. • TP: 0.2756, 0.3188, 0.3780. Leave a moon bag. Trade Idea No. 2: • Entry: 0.2756. After retest as support. • SL: below the daily candle. • TP: 0.3188, 0.3780. Leave a moon bag. NFA What is your opinion? Please share in the comments. Best wishes to all.
by NewThoughtCrypto
ADA whales drive Cardano price towards $0.3, Investor optimismADA Whales Propel Cardano Price Closer to $0.3, Inspiring High Investor Expectations Following a significant decline in early June, wherein Cardano experienced a 30% loss in value, the altcoin is now witnessing a remarkable resurgence. The market-wide recovery has contributed to a nearly 6% increase in the past 24 hours. However, the optimism surrounding ADA extends further, as whale holders demonstrate strong bullish sentiment this week. As the broader crypto market rebounds from recent lows, with Bitcoin inching closer to $30,000 and several altcoins experiencing gains, Cardano finds additional support from a crucial group of investors. Cardano Price Reclaims Ground At the time of writing, Cardano's price hovers above $0.28, bridging the gap left by the early June crash. This third-generation cryptocurrency endured a substantial blow when it incurred a loss of over 30% within a week. However, fueled by overall market bullishness, ADA is now approaching the $0.3 milestone. Notably, the altcoin has surged by approximately 7% in the past 24 hours, accompanied by a sudden increase in the interest of whale investors. The influx of these investors is evident in the total inflow of addresses conducting transactions worth over $100,000. They have collectively acquired around 263 million ADA, valued at approximately $71 million presently. Recognizing this favorable trend, it appears to be an opportune moment to accumulate cryptocurrency assets, leading us to consider a strategic long-term investment approach through Buying Deep.
COINBASE:ADAUSDLong
by FOREXN1
2
ADA CARDANO- Support (and patience) 🥱💤Some charts prove me right immediately, some other fail me completely and some just take time to deliver. Cardano is in the third category. Boring as usual, till it becomes exciting; it will. With BTC dominance over 50% major ALTs are not favored (yet). This is still Bitcoin time: Bitcoin needs to rise fast, some alts will over-perform it but the vast majority not. BTC Dominance: News: Cardano Introduces Latest Node Version On Mainnet : To improve the performance and functionality of Cardano, developers are urging stake pool operators (SPOs) to swiftly adopt the latest Node version, 8.1.1., released on Monday. This release aims to optimize operations across the platform by dispersing epoch boundary computations throughout the entire epoch, leading to enhanced efficiency. The upgrade is aimed at improving the user experience and smoothness of the Cardano blockchain network. It focuses on reducing epoch transitions, which are periods on the Cardano blockchain lasting approximately five days. Still, we will need way more news and action than this... it will come Regardless, price on Major support and perhaps great time to add to our bags at thisd stage (again?..no personally will just wait atm) One Love, The FXPROFESSOR 💙
Long
by FX_Professor
6
ADA: Oversold at SupportCardano (ADA) technical analysis: Trade setup : Price broke out (bearish) from trading in a Channel Up pattern and below 200-day moving average ($0.35), confirming a downtrend. However, it’s now very oversold (RSI ~ 25) and near $0.25 support, hence we could see a bounce up near term. It’s a higher risk swing trade setup since overall trend is down. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). 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 $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
Long
by altFINS
Cardano in slow declineHi guys, let's look at the current situaition on Cardano. In my previous update I indicated that Cardano price might go to 0.3 resistance level and from there likely will go back to 0.25 and lower. However, price failed to rise somewhat significant even though BTC and ETH recovered all their losses. It's bad sign for ADA price since if there will be dump on BTC then price likely fall much lower than 0.25, probably testing 0.2. I still will wait and hope for price reaching 0.3 and from there will be looking for a short. If this post is useful to you, you can support me with like/boost and leave comments below.
Short
by Real_CryptoRoy
ADA/USDT ChartReviewHello everyone, I invite you to review the ADA chart in pair to USDT, on a one-day interval. First of all, we will use the blue lines to mark the uptrend channel from which the price has gone down and we are currently moving below the downtrend line. As we can see, the exit from the channel resulted in a decrease in price, similar to the size of the channel itself. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is currently holding a strong support zone from $0.28 to $0.23, however, if the support does not hold the price, we can see the price drop quickly to the next support at $0.10. Looking the other way, we see that the first resistance is at $0.31, when the price breaks it, the second resistance will be at $0.34, then we have a strong resistance zone from $0.37 to $0.40, only when price breaks it, it will move towards the resistance at $0.46 for it to continue rising. Please look at the CHOP index, which indicates that we have touched the end of the range and now we can see the price turnaround, the MACD indicates that we are in a downtrend, while the RSI has a large rebound below the lower limit of the range, which in combination with the CHOP index can give room for growth prices.
by cryptodailyuk
Cardano in free fallHi guys, let's look at the current situaition on Cardano on 1D price chart. In my previous idea I indicated strong support line at 0.3018 but I expected that the price at least will test this line first and only after that will break it. In any case, that support was broke and there is another one at 0.249 which at the moment also seems to be broken but I expect some correction from here. It also important to look at volume on 1D timeframe. Today, there is extremly high volume and for me it's good indicator that from current level will be some correction. But I don't expect big correction though. If this post is useful to you, you can support me with like/boost and advice in comments.
Short
by Real_CryptoRoy
6
$ADA/USDT 2D (#Bybit) Descending trendline breakout and retestCardano is pulling back to 50MA support and seems to be done with the downtrend, let's prepare for mid-term recovery. ⚡️⚡️ #ADA/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.6% Current Price: 0.4051 Entry Zone: 0.4014 - 0.3618 Take-Profit Targets: 1) 0.4798 2) 0.5536 3) 0.6275 Stop Targets: 1) 0.2995 Published By: @Zblaba CRYPTOCAP:ADA #ADAUSDT #Cardano #PoS #L1 Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.5% | +90.1% | +128.9% Possible Loss= -43.0% Estimated Gaintime= 3-4 months cardano.org
Long
by TradingOn
I Cannot Short This !!!The ADAUSDT is in a Bullish phase by strong bullish rejection. The price shows a strong bullish rejection from the PRZ ZONE. ⬆️Long if we break the 0.236 fib level 🌟 Bullish signals are: - strong bullish rejection - PRZ ZONE - Bottom of bollinger band ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7
ADA - CARDANO - in charles we trust ; the neverending story IVADA - CARDANO - in charles we trust ; the neverending story IV Ok, this ship looks to me to be turning. its all there on this blessed chart. which i diligently read the tea leaves for you to succeed in this casino. cardano did 100x+ TWICE. from the same frigin price point in two different cycles. iam pretty sure she goes for a third. does it all play out exactly the same? maybe, prob not, but i bet it will be pretty similar. key points here; check that momentum signature at the bottom there. the same shape. same levels basically. maybe we get that second option for another nuke 40% or so but my money (irl) is on that relief bear market pump first. then some black swan to wipe everyone out again and thats when cycle 3 begins. this will be my last ADA chart for awhile. think ive been over doing it. now we've had some interesting price action it was time to do this last one and sit back and see what happens. I AM ACCUMULATING lfg. take me to the promised land charles.
BINANCE:ADAUSDLong
by Crypto-Quantum-Fox
21
ADAUSDT at weekly support, probability favors longThe price has hit the weekly and monthly combined support and the price has bounced from there. A long is favorable from this support. In case this support is lost, next support levels are weekly support WS2 and monthly support MS2 as marked on the chart. It seems that the current support will hold on the weekly level so probability favors long. But in case in coming days/weeks this level is lost, long will be favorable from the next weekly support WS2.
Long
by angela_altair