ADAUSDT's situation+next targets and expected movements.🤑The ADAUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- The Bottom of the Wedge area
- Falling Wedge Pattern
❗and the Upward signals of market momentum are:
- Divergence in MACD
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , 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.
ADAUSDT
CARDANO (ADA) SHORT | BEARISH BREAKDOWN Cardano cryptocurrency or ADA Coin had formed and broken down the Head and Shoulder Pattern on Daily TimeFrame.
The pattern is a bearish pattern and hence I believe price will drop.
Targets
1- 0.35
2- 0.30-0.31
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May.
So far, ADA has seen two price rejections at this level in the past two days.
A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470.
At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April.
Entry: $0.3700
Target: $0.3470
Stop-Loss: $0.3811 (above the resistance zone)
RR: 2
Cardano ADA price has a ray of hope for continued growth The last time we came up with an idea for ADAUSDT was 5 months ago, and it's been working out great. The value of the Cardano token has doubled during this time.
The positive thing is that the ADA price has broken out of the falling trend channel.
However, there was one "But" during this time - buyers were unable to break through and gain a foothold above the powerful liquid level of $ 0.43
On yesterday's market decline, buyers of ADAUSD managed to keep the price in an uptrend, above the local purple trend line. That is, buyers don't want to give up easily, which is good and gives a ray of hope.
Given that, in the coming days, BTC sellers may try to drop the price below $ 26600-27000 to break the stops of long positions that are hiding there. The ADAUSDT price may also squeeze down, but it shouldn't be able to stay below $ 0.327-0.34. Fixing the price below this level could trigger an extension of the price drop to $ 0.27 and below.
A positive scenario is difficult in the current realities but possible.
It is necessary to break through to $ 0.55, then consolidate above $ 0.43, and only then will the path to $ 0.80 open up, and maybe even to the first "non-burning price" $ 1 (not million)))
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
ADAUSDT Daily Hi Guys, Hope you well,
As you can see, we are in a good uptrend channel. We can move up again from the bottom of the channel, but a good buying point in the lower support is a very good move for the purpose of the ceiling of the channel and also to collect liquidity.
SecondChanceCrypto
⏰09/May/23
⛔️(DYOR)
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.
SasanSeifi 💁♂️ADA/USDT 3DHI TRADERS ✌The possible scenario of ADAUSDT is specified.
▪️By examining the ADA chart in the 3-day time frame. As you can see, the price has been accompanied by selling pressure from the supply zone. It is currently trading in the range of 0.38.
📈In the long term scenario that we can consider if the price penetrates below the range of 0.37, we will see further correction up to the range of 0.34 / 0.33. We have to see how the price will react to the support ranges. The possibility of a positive reaction can be considered from the range of 0.34/0.33.❗️
🔸The important resistance range in the 3-day time frame is 0.43⚠️
🔘Keep in mind that long-term maintenance of the HL range of 0.30 is very important to continue the positive trend.‼️
The current price : 0.3790💲
TF : 3-day
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
Cardano: chasing oversold sideDuring the previous week ADA clearly started its reversal move. The support line at $0.40 had been clearly broken at the beginning of the week, and the coin continued its road down to its minimum weekly level at $0.37. Selling orders are prevalent at the end of the week, in which sense, it might leave some space for further drop in price until a clear oversold side is reached.
During the whole week, RSI was moving below level of 50, finishing the week around 42. This is another indication that the market is chasing an oversold side. Moving average of 50 days is slowing down its divergence from MA200, putting into question the formation of the Golden cross.
Current charts are clearly pointing that ADA is on the road toward the oversold side. Current price fall stopped shortly around $0.38 level; however, it should be treated as only a short term stop for ADA, on a road toward the $0.35 support line. There is some probability that this level might be reached during the week ahead. On the opposite side, there is a low probability that $0.40 resistance might be tested.
ADAUSDT "head and shoulders"Hello everyone. According to BINANCE:ADAUSDT thoughts are not very positive, based on the graph. The story began with the fact that the coin was in the ascending channel from March to April 2023. But something went wrong and now we are drawing a "head and shoulders" figure, squeezing the resistance level at 0.38. So the price is likely to go to 0.345.
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano formed a bearish head and shoulders formation, which is about to resolve soon. If confirmed, that would mean the price could break lower. ADA also lost 5.4% of its valuation this past week.
The key support at 38 cents is critical for this cryptocurrency as it will determine the price action in the weeks to come. The Bears appear to have the upper hand right now, but things could still go either way.
Looking ahead, expect volatility to increase as the price approaches the key support. If buyers cannot defend this critical level, then ADA could fall towards 35 cents next. The key resistance is at 41 cents should buyers suddenly return.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ada short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ArmanShabanTrading |🟢 CARDANO : BULL or BEAR ? Let's See !!!By checking the #Cardano's chart in the daily time frame, we can see that it is trading above the Institutional Support level + POC Line , I expect that if it maintains the support of the range of 0.37 to 0.39, it can move again to 0.46 as the first target and 50 cents as the second target!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.27.2023
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
#Cardano Retracement after 50% Rally, Support at $0.37Past Performance of Cardano
The uptrend might still be valid, and ADA is up over 50% from mid-March, but the coin could further correct from recent peaks. Notice that the coin is lower, pulling back from last week's highs. The resistance line remains at $0.41, while support is at $0.37. Any comprehensive close above those lines will shape the immediate to medium-term formation.
#Cardano Technical Analysis
Trading volumes are decent, but ADA buyers still need to build on recent gains and edge above April 26 highs of $0.42. The current rejection of higher prices means bears of April 16 to 22 may flow back, forcing the coin towards $0.37 and even $0.30 in the sessions ahead. Traders may wait for a solid close, with expanding volumes, below $0.37 before engaging. This means they are aware that more gains above $0.41 may see ADA float back to $0.45 in a bull trend continuation formation.
What to Expect from #ADA?
ADA is in an uptrend but correcting after a solid performance from mid-March. As a bear flag prints in a short-term correction printed within a broader bull trend, traders should watch how prices react at $0.37. Losses may dent Cardano bulls' sentiment.
Resistance level to watch out for: $0.41
Support level to watch out for: $0.37
Disclaimer: Opinions expressed are not investment advice. Do your research.
ADAUSDT - Breakout Ceiling of Falling Trend Channel- ADAUSDT has broken through the ceiling of a falling trend channel in the medium long term.
- ADAUSDT has reacted back after a possible false break of the inverse head and shoulders formation.
- A decisive break up through 0.40 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal.
- ADAUSDT has broken down through support at 0.42.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️