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ADAUSDT

ADA experience another downward movementhello guys... today i wanna anlaysis #ADA (ADAUSDT)... after it formed a triangle, touched the target of this pattern. it has formed a QM pattern as well therefore the gray area is a QML and suited for getting a short position until reaches the pink area. always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
17
ADA is going to increase soon!ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.70 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ). The Break out has not Happened yet. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
9
Cardano (ADAUSDT) and its Potential RecoveryCardano (ADA) is a decentralized public blockchain and cryptocurrency project, built on a proof-of-stake consensus algorithm called Ouroboros. Since its all-time high of around $3 in 2021, ADA has experienced a significant downtrend, reaching lows of about 24 cents. The combination of a declining asset and declining Bitcoin (BTC) creates an ideal environment for a potential reversal. I will examine the possibilities of a Cardano recovery within the next few weeks, using technical analysis tools such as support and resistance levels, Fibonacci retracements, and Elliott Wave Theory. Key Levels and Fibonacci Retracement Analyzing historical price data reveals key support and resistance levels that can provide insights into Cardano's potential price movements. The 23.6% and 38.2% Fibonacci retracement levels are noteworthy in this context. While the $1.16 level is a significant resistance point, it is unlikely to be reached this year. The current target for an exit point in Cardano is around 60 cents. Although reaching the $1 mark is possible within 2023, it is more likely to occur towards the end of the year, if at all. It is essential to evaluate the market one day at a time and keep a close eye on Bitcoin dominance. If Bitcoin dominance drops significantly, this could create the perfect storm for altcoins like Cardano. Bitcoin Dominance Support The support level for Bitcoin dominance currently stands at around 40%. If Bitcoin dominance begins to fall to this level or break below, it could signal an opportune moment to stay invested in altcoins such as Cardano, and potentially delay selling until Bitcoin dominance finds support again. This shift in dominance could lead to substantial gains for Cardano and other altcoins. Elliott Wave Theory Perspective From an Elliott Wave Theory standpoint, Cardano's price movement appears to be corrective so far. To confirm an ongoing bullish wave 3, ADA would require a significant push to the upside. Traders and investors should continue to monitor the market's behavior, especially around key dates such as the full moon on April 6th, which could potentially impact market sentiment and price action. The Elliott Wave Theory also offers valuable insights into the potential for a bullish reversal, but it remains crucial to monitor the market and adapt strategies accordingly.
Long
by bitdoctor
4
🔥THE MOST INTERESTING AREA TO OPEN A LONG: 3 POSSIBLE TARGETS🔥Hi, friends! Cardano returns inside the value area. We need the breakout and test the $0.37-0.38 value area as the support to continue the growth. 📊 MY TRADING PLANS FOR ADA: 🔥pullback to $0.32-0.33 value area 🔥volume growth which confirms the bottom for us 🔥bullish BTC 🚩 If ADA will hold the $0.37-0.38 value area, the price will go straight to local highs. This is a second possible scenario. ✅ MY TARGETS FOR ADA: 1. $0.37-0.38 - the value area 2.$0.42 - the local high and key level 3.$0.52 - the key level 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
7
Sell on #ADA Sell entry price: 0.3725 • Stop loss price: 0.3751 • Target price: 0.3443 If you entered this trade and the market price of ADA went down to your target price of 0.3443, you would make a profit of 0.0282 ADA per ADA sold. However, if the market price of ADA goes up and hits your stop loss price of 0.3751, you would exit the trade with a loss of 0.0026 ADA per ADA sold. The risk to reward ratio for this trade is approximately 1:10.85, which means that for every 1 ADA of risk you take on this trade, your potential reward is 10.85 ADA if the trade hits your target. It's important to note that trading cryptocurrencies involves significant risk, including the risk of losing the full amount of your investment. This information is provided for educational purposes only and should not be taken as financial advice. Before making any investment decisions, it is important to do your own research and seek the advice of a licensed financial professional.
Short
by Skinwah
2
ADA : CYCLE VIEWToday, ADA appears to be re-entering a new trend, but the question remains as to what this means for the long term. For day traders, it is essential to monitor the day trading since there are no guarantees for any trend. There is a good chance that ADA could enter into a new cycle, but we have yet to see a sustained increase trend for the coin in the long term. The critical question is whether ADA is going to experience genuine growth that will bring sustained increases over the long term. ADA is a coin that has the potential to reach and exceed the $1 mark. Only time will tell if ADA can continue to build on its past successes and reach new heights coming time. Today it shows interesting, and we will see if it's able to rebuild the trend.
Long
by Goldenbreakout
1
CARDANO C&H☕ - Whales are Awakening 🐋🌞Massive breakout yesterday and 0.356 is now support we can 'build upon'. That means a stop loss under 0.35, yes. News: On-Chain Data Shows Huge Whale Activity – What Do They Know? Despite the chart not looking great compared to others, on-chain data is more optimistic, particularly as it reveals an uptick in the number of “whales” transacting on the Cardano blockchain. Specifically, the number of ADA transactions that exceed $100,000 on the Cardano network is on the rise. 🐋 This trend indicates institutional investors' and $ADA whales' increasing engagement, shedding light on their investment strategies. At the same time, a MASSIVE Cup and Handle shows potential for 14$ ADA by end of 2025. One Love, The FXPROFESSOR PS. At the same time, my buddy Hoskinson seems to be awakening as well. Thumbs UP Charles
Long
by FX_Professor
8
Movements for mid- to long-term trend reversalHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADABTC 1W chart) In order to continue the uptrend, the price needs to be maintained at least above the HA-Low indicator. I think that below 0.0000 1641 is a mid- to long-term investment area. Therefore, the key is whether it can rise above 0.0000 1641 and above the HA-Low indicator. ---------------------------------------- -------------------------------------------- (ADAUSDT 1W Chart) Since the HA-Low indicator is passing around 0.2974, if the price is maintained above this point, it is a mid- to long-term buying period from a trading perspective. However, if it drops below 0.2974, that is, the HA-Low indicator, there is a possibility of renewing the recent low, so you need to think about countermeasures. As the Bollinger Bands begin to contract, being able to keep the price above 0.2974 becomes more important. (1D chart) It can be seen that the highs and lows continued to decline, and the trend was broken after around December 30, 2022. Therefore, if the current trend is maintained, it is expected to turn into an uptrend. To do so, it is important to get support around 0.3206, the point of the HA-Low indicator. If unsupported and falling, 1st: around 0.3032 2nd: 0.2524-0.2772 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. The question is whether it can rise above 0.3448 during the volatility period around March 22nd. Mid-term and long-term trend reversal can take a long breath. Therefore, those who want to buy ADA for next year's bull market can refer to this point and proceed with the purchase. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
✴️ Cardano Also Starts To Recovery | The Chart Speaks!The same as with XRPUSDT published just now, ADAUSDT is moving back above EMA10/21/50. It is now challenging EMA100 and MA200 is a bit further away. We are still in the recovery phase from the recent correction. As soon as prices move above the local resistance, the next leg up can resume with force. What about bears? Yes, the market conditions can change but we have to always take into account the bigger picture. When you are witnessing a bear market, you can say that prices can go up anytime but they don't go up, you get lower highs and lower lows. On the other hand, if you are experiencing a bullish wave you can say that prices can drop anytime but that is not the point, you are supposed to get higher highs and higher lows or else you are not looking at a bullish wave instead a bearish one. The bullish wave confirmed January 2023 and the recent higher low. If the last low 10-March breaks down, the bullish bias remains intact and that's how technical analysis works. The only way for us to turn bearish is if Cardano (ADAUSDT) hits a new low compared to 29-December 2022. That's the bigger picture. If you look at the charts short-term, everything you are reading or anything you see now can change in a matter of hours or days. But if you zoom out and take into account the entire cycle, you can see that Cardano broke its downtrend a while back, hit a multi-year low and started to grow in 2023 and we are within this current growth/recovery phase. The December low is the invalidation point. Any trading above this level and we are 100% bullish, technically speaking. We follow the markets. We read the charts. The chart is saying in plain English, or chart language, be patient we are going up. Buy and hold. Namaste.
Long
by AlanSantana
1
ADA H&S upcoming ?Hello Traders, I guess am seeing ADA forming a head and shoulders pattern.. It may test the neck line soon at 0.6304. In case of a break : I guess 0.6000 will be the first major support that the price can retrace from instead of going to the H&S target. INVALIDATION : Dotted line ( above 6.53 ) - Educational : What is Head and shoulders pattern ? The Head and Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern. If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head and Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart. - Leave a thumb up if you agree ! Follow for more <3 Have a nice day.
Short
by TANcrypt0
4