ADA/USDT 1DAY UPDATEHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano managed to hold onto a price above 40 cents, despite the most recent correction that saw it test the support at 38 cents. This also allowed ADA to book a minor increase in the price of 1.4% this week.
The biggest challenge for ADA is to move above 40 cents which is the key resistance at this time. If the overall market remains bullish, then this cryptocurrency could explore higher levels.
Looking ahead, Cardano is found in an uptrend, and so far, buyers have the upper hand. As long as they can defend the support at 38 cents, the price has a good chance to move higher over time.
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ADAUSDT
ADA: Channel UpCardano (ADA) technical analysis:
Trade setup : Price is in an Uptrend, trading in a Channel Up pattern. Likely to revisit the channel resistance trendline around $0.50, which also lines up the horizontal resistance zone. After 3x failed attempts, price finally broke above $0.40, indicating that buyers have soaked up all the supply from sellers and price could resume its Uptrend with upside to $0.50.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
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 $0.40, then $0.30. The nearest Resistance Zone is $0.50, then $0.60.
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Cardano (ADA) rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets.
Following a low of 0.38 on Tuesday, ADA/USD raced to an intraday high of 0.4166 earlier in today’s session.
Today’s surge in price saw Cardano climb to its highest point in six days since the token was trading above a ceiling at 0.4200.
Looking at the chart, Wednesday’s move came as the relative strength index (RSI) broke free of a resistance level at 53.00.
At the time of writing, the index is now tracking at 55.12, with an upcoming ceiling of 58.00 a potential target for bulls.
Should this point be hit, it is possible that ADA will move back above its point above resistance.
This is not a piece of financial advice.
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ADA could rise at 0.5 and aboveAfter the high in the middle of April, AdaUsd started to correct and found support at 0.38.
With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable.
0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above.
As long as 0.38 is intact, I'm bullish
✴️ Cardano: Look Closer, The Potential is Huge | #OKXideasLet's go back to Cardano because this is one chart, one Altcoin, one pair that looks really good... Let's focus on the bigger picture and not just the short-term.
Notice on the left side of this chart, the black downtrend line... It has been broken.
When a trend is over, ends, a new trend develops.
As the bearish trend is over, a new bullish trend takes place.
Now, a bullish trend is not just one high or some growth for a few weeks or months... A bullish trend is defined by sustained higher highs and higher lows.
What this means is that we are set for growth.
Once we hit bottom, the only place left to go is up.
Cardano did hit bottom... We are very happy to see it recover and grow.
Namaste.
time to buy ADA🔸ADA looks great as it breaks the 200 ema resistance and make it as a support
🔸now ADA breaks out the neckline of the inversal H&S pattern
🔸i think price might retest the neckline before hitting 1 $
Dont forget to support us with ur like, comment and follow me for more ideas like this🎯
[cardano] by elo.Good 4vening anon,
---
Cardano ascended through a quintet of waves,
originating at 0.0185 and culminating at the zenith of 3.0996,
before gracefully descending in an impeccable five-wave pattern.
A series of five downward waves often signifies either the commencement or the conclusion of a phenomenon -
in this particular instance,
I postulate that it merely represents the onset.
---
Anticipated Wave B target: 0.86
Projected Wave C objective: 0.07
IH&S on ADA dailyADA / USD (trading view) on daily chart.
Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart.
Good luck! NFA
ADAUSDT Long ideaCardano broke the lower channel a few days ago and entered a higher channel. But with the decrease in the price of Bitcoin, I think there is a great opportunity to buy again in the retest to touch the top of the channel.
⚠️Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
ADAUSDT is a good time to take a positionHello everyone. While the coins sat down to take a break from growth, there were good ideas for entering ADAUSDT, which has been in the ascending channel for a month and looks clearly better than the market. And now we have reached the lower border of the channel. Stop at 0.4072- for the last minimum. And the target for the upper limit is 0.4642. In general, it seems to me that the long movement is still preserved, so after a little respite, we should go to the ADAUSDT goal.
#ADA/USDT Long Term Price Targets. $9 Possible by 2025!Welcome to this quick update everyone.
ADA has been trading below the resistance since October 2022 and broke out in the last weekly candle.
This is a nice development in the price action.
Technically ADA can go for a run of 40x in the next bull Run.
Is it possible? Well, I don't know but what I can see in the chart is it went 167x in the last Bull Run.
Considering the worst-case scenario I think 10X would be a decent target in the next 2 years.
The best Accumulation Zone would be $.34 to $.44.
Target:- $0.94 in the short term.
Long-Term Targets:- $3.6 TO $9.22
What are your thoughts on this?
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#PEACE
ADA's situation+next targets and expected movements.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 0.7 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 occurred . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for ADA will be around 0.7.
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
ADAUSDT 1HADAUSDT 1H
Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought.
• There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I believe will continue the bullish pattern imposed in recent hours.
Here are the supports and resistances:
Supports 0.4370 / 0.4296
Resistances: 0.4462 / 0.4505
RSI : Seller
MACD: Buyer
MM200: 0.4267
EMAS : Neutral, which may indicate an accumulation period
ADAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ADAUSDT
Based on our last analysis on April 10, we predicted a rising trend to happen and at the moment we see the price had a great rise. R1 is a long-term resistance area in the current chart with its presentation of the disability of the price to rise at several points. S1 and S2 used to be resistance areas. And S3 is a support area at the bottom that shows the support of price at different points. Thus, the price has a fluctuation in S1 area and we observe that it fell into this area after being in a rise. We predict it to experience two options. One of them is a rise over S1 and we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1. So by having more fixation over S1, more rise is expected for the price to higher amounts. It is even possible that the price loses the support and falls below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. S3 is considered a perfect point for putting trade orders but we should wait for the price to move toward it and then in our future updates, we will provide specific details for you. Please be cautious about various points and details and remember that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ADA Oversold but eyeing $0.60Cardano lost market sentiment in SEO search results to other trendy coins like doge and shiba.
However, technically speaking from the charts, ADA has broken a nice resistance line on the daily.
It is eyeing the $0.63 zone on the LOG chart according to the FIB levels.
This is a heavy resistance zone, and I don't expect the price to stay here long.
For short term traders, RSI on the weekly and RSI with a 14 day average (in red) are both +70 and signifying a decline in price shortly. Indicator wise its slightly bearish, and pattern wise it's neutral-to-bullish.
I would suggest waiting for a nice clear reversal pattern on the WEEKLY chart before buying in
LIKELY SHORT TERM TARGET: $0.54
LIKELY LONG TERM TARGET: $0.64 (by long I mean a few months max)