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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ADAUSDT
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,
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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.
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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