Cardano Weekly View - February 2023Hello Guys, Weekly Analysis is on the ADAUSDT Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
ADAUSDT
ADA/USDT PARALLEL CHANNEL - Long and Short setups. #ADA #cryptoADA/USDT is continuing in trend flipping S/R levels and looking to reach resistance high on the higher time frames. Possible long opportunity with tight stops in case it breaks down.
I would be looking into any opportunity to short in the supply zone.
Bearish if it breaks below 0.38 region.
The trend is your friend until it isn't!
ADAUSDTHello Dear friends
happy new year :D
On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend.
The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we can expect the formation of an increasing trend up to the specified limits.
We would be happy to hear your comments
✴️ Cardano | Strength (Name Your Altcoin #18 ✅)Cardano has shown amazing resilience... This pair so far produced no corrections after growing by an astonishing 72% since the 29-December-2022 low was hit, just amazing.
The best we can do is to follow the market and stay strong, the next target is set at $0.4865 but mainly $0.5625 on the next jump.
If a retrace suddenly shows up, we are looking at $0.3755 and $0.3395 as the main and strong support.
The market continues bullish.
The bulls control this chart.
Namaste.
ADAUSDTassalamualikum friends i hope all are good.
market is bullish and follow the dow theory create a higher higher.
and according to Fibonacci market is bounce back on 60 percentage of Fibonacci.
so good luck take trade.
ADA/USDT Analysis in Daily 🌼Hi friends 💰
On the daily time frame, the price resumed its upward trend after supporting at $0.24 and entered an ascending channel, ADA is still testing its $0.42 resistance, if it can break the Break the $0.42 resistance to the upside, the next targets are expected to be $0.44 and $0.46.
If the bottom of the ascending channel is broken, the price will suffer and finally the price is expected to fall to the levels of $0.37 and $0.35 in the short term.
Note: There is a lot of liquidity above the level of $0.44 due to the presence of two peaks (pivot) or the Double Top pattern, and the price is predicted after collecting liquidity above the level of $0.44. bearish zone and enter the price correction phase. (scenario with low probability)
Note: On the 26th of February 1401, at 1:14 am Tehran time, an important hard fork is going to be done on the Cardano network. The actions that are supposed to be done in this hard fork include: quick verification of signatures, reducing the volume of signatures, resistance to certain types of cryptographic attacks and...
According to the Utodi site, this upcoming hard fork is simpler than Wasil's hard fork and has less impact on existing decentralized applications.
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
Trading The Cardano CorrectionIn this update we review the recent price action in Cardano and identify the next high probability trading opportunities and price objectives to target
Short Position for ADA in 4H as we can see the channel has been broken downward and we wait for Last kiss.
your ideas will help me.
TNX
Cardano is undecisive right nowCardano (ADA) is currently experiencing mixed signals in the cryptocurrency market.
ADAUSD Futures ( ADAUSDT ), H4 Potential for Bearish DropTitle: ADAUSD Futures ( ADAUSDT ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 0.41297
Pivot: 0.38410
Support: 0.32956
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 0.32956, which is the overlap support.
Alternative scenario: Price may head back up to retest the resistance at 0.41297 where the recent high is located.
Fundamentals: There are no major news.
Cardano ADA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
We have a -92% drop from the top so far that's in. We might have a possibility of another leg down making it -95% drop from the top. I highly think this will not happen unless the whole crypto market crashes.
R/R ratio from today's price: 18.88
Possible upside: 1200%
Possible downside: -63%
R/R ratio from -95% drop 517
Possible upside: 3310%
Possible downside: None, I believe this would truly be the bottom and not use a stop loss.
If you're the market maker, would you want to give people the opportunity to make an extra 3000% or 1200%?
Another crypto crash down across all these charts would cost the market maker more money. Crashing the market by another -50-60% and giving away 3000%+ doesn't seem like the wise play here.
RSI has been at all time lows and MACD's are starting to curl up. Very unlikely we go lower to -95%.
it's time to falling for ADAUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
be rich...
and
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management)
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if you want to enter in this position:
Enter Price: right here
Target1: 0.347313
Target2: 0.318497
Target3(Final Target): 0.290157
Stoploss: 0.412925
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Cardano target 0.6435Hey Trader!
Is Cardano creating a Wedge that will break down? Or will the price follow the bullish trend all the way to the target according to Fibonacci at 0.6435? critical questions that are profound for a strategy in this situation. However, I am an optimist and see the potential in the bullish trend after months of a bear market.
ADA USDT BINANCEADA following uptrend (white line) (Daily)
Bouncing off RSI Support.
Sell order @ .44 (resistance).
Looking for a bounce and continuation.
This isn't financial advice and you should always DYOR.
Thanks for following.
Like , Comment, and Follow for more ideas.
cardano will touch 0/31 againhi guys.
as you can see cardano is having a trouble breaking the resistants.
dxy(dollar) has started a strong bullish trend on the other hand.
so i am looking for short positions...
OneOne
Harmony
Sl=0.025
Target=0.1
With the failure of the downward trend, the target is active at $0.1
Which a way, ADA?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Doesn't take an Elliottician to see that ADA is a potentially tough, previous support turnt resistance. Looks like the levels have been reacting nice as well. SO, if it decides to retrace, looking to these levels...and confluence with Elliott wave, algos...all that good stuff.
If it breaks above, great! Turn this level back into support!
Cheers!
ADA/USDT 2/5/23Future long for short term but don't forget the FED and Event the effect off market .. hehehe
#DYOR
Do you want sell position in ADAUSDT/Cardanohello
forecast and analyzing the trend in 4h
I think cardano cant reach higher price and trend doesn't have power
I showed you the red box to select sell position and stop loss
ADA: Identifying Local ResistanceHere we are looking at ADAUSD on the 4hr time frame…
In trying to determine what Cardano will do next, let’s take a look at its current price levels. Since January first, Cardano has rallied with the rest of the market. In just the last 5 weeks, Cardano has rallied just under 70%!
The question we must analyze in the short term is where this rally will run into significant resistance, as it has been relatively smooth sailing to this point...
As seen on the chart, the parallel resistance channel seems like a strong zone to watch. Not only has ADA rallied 68% in less than five weeks, but it hadn’t really run into any significant resistance zones until now.
I would expect ADA to continue bouncing between support (blue ascending line) and resistance (channel). I will continue to monitor this chart, and update you when there’s a development in its chart!
Trade safely…
Cheers!
ADAUSD Short Selling SignalLooks like my instincts were right on the money with ADA! I've been keeping a close eye on this one, and it's been in a downward channel since May 22nd. Currently, it's trading near the resistance zone and showing some clear bearish reversal signals on the daily chart - a inverted hammer, baby! I'm putting my faith (and 3% of my trading capital) on the line and shorting from 0.4 to 0.43. Ready to make some moves? Here's my setup for a swing:
📍 Entry: 0.4xx -0.43x
📍 Stop Loss: 0.46xx
📍 Take Profit: 0.2xx
Always trade at your own risk and never risk more than you can afford to lose.
