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ADAUSDT

ADA: Approaching ResistanceCardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern with robust volume, price has completed a trend reversal and reached our target $0.40 horizontal resistance zone (also 200-day moving average). Wait for price to either 1) break above $0.40 to resume uptrend, or 2) pull back near $0.30 support for a swing entry. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
ADAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ADAUSDT Here we have R1 and R2 as the resistance areas that express the price was not able to rise at different points. And S1 and S2 are our support areas in this chart containing the support of price even since the past. At the present, we have the price fluctuating over S1 area and we expect it to rise and reach R1; like its past behavior. Then by receiving some rising or falling up there, we would wait for an increase or a fall. So if we receive some confirmation candles to rise, an increase would take place for the price to reach upward and more rise to R2 is even expected for it. Also it happens that there will be some signs for a decline and when the price is not supported anymore, a fall is predicted there for it to touch lower amounts and move down to S1 or S2. Please bear in mind to wait for some confirmation candles in order to make sure what will happen next and act precisely and well. 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
by MarsSignals
Are Cardano whales gearing up for ADA price recovery rally?Large wallet investors in the Cardano network have boosted their participation in the altcoin. Since the FTX exchange crash, whale and shark addresses owning 10,000 to 10 million ADA have scooped up a greater volume of Cardano. Based on on-chain measures and whale activity, the outlook for the ADA price is optimistic. Cardano whales are positive on ADA, as evidenced by an increase in activity. With the FTX exchange failure in November 2022, the Cardano network's major wallet investors have bought up significant sums of ADA currency. According to Santiment statistics, there is a surge in the volume of ADA held by sharks and whales who own between 10,000 and 10 million Cardano tokens. During November 2022, whales have purchased 659.53 million ADA tokens worth almost $235.5 million. Because huge wallet investors are major Cardano stakeholders, this turnaround is regarded positive for the Ethereum-killer altcoin. Why is it a good time to acquire ADA given Cardano's track record? Traders typically purchase a cryptocurrency when its price is low. Cardano has yet to regain the $0.41 level from February 4 due to a recent four-week market decline. Because the altcoin is selling at less than half its price in 2022, there is less risk in purchasing ADA today vs an average point in Cardano's history. Cardano is presently trading at $0.35, which is close to its weekly high of $0.36. Since February 13, the Ethereum-killer altcoin has resulted in a 1.2% loss for investors.
BINANCE:ADAUSDLong
by FOREXN1
18
Cardano (ADA) Entry alert. 183% potential profit#ADA /USD TA Update:- $ADA currently trading at $0.40 According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.40 There is a resistance at the 200EMA at $0.41. Cardano broke out the descending channel as expecting. Entry : 0.40$ Target point at $1.09 (183% potential profit) What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) If you want it or my SL indicator or My Liquidity Support and Resistance Indicator, let me know. Thank you.
BITFINEX:ADAUSDLong
by Coinlion_TT
1
Cardano Slows Down after 70% Gain, Support at $0.38Past Performance of Cardano Cardano prices are up 16% from last week's low and over 70% from Q4 2022 lows. Even though the primary trend is upward, the consolidation of the past few days within the February 15 bar can be a concern. The immediate resistance level is $0.42, while the support is $0.38. For the uptrend to resume, buyers must break above $0.42 with rising volumes, paving the way for more gains in the short term. Cardano Technical Analysis Cardano is bullish, as mentioned earlier. However, ADA prices are inside the February 15 and 16 trade range. The February 16 bar has higher trading volumes and reversed losses of the February 15. Since ADA prices are inside this bar's range, traders must have a clear definition before committing. If bears flow back, confirming losses of February 16, ADA may drop to $0.35 in a welcomed retracement. The uptrend remains valid as long as prices are above December lows at $0.23. Conversely, if there is demand today, ADA may roar above $0.42 and November highs, setting a new trend that may see it retest $0.52, or September 2022 highs. What to Expect from ADA? ADA holders are optimistic after the performance of the better part of February. Even so, trend definition in the short term is critical. That means Cardano bulls must clear $0.42 if ADA has bottomed up. Resistance level to watch out for: $0.42 Support level to watch out for: $0.38 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ADA.ETH (Y23.P1.E1). Likely scenarioHi Traders, Looked at a few charts, ADA vs ETH, VET vs ETH and ETH vs BTC. The most scary one is ETH vs BTC. Next post. Looking at ADA vs ETH, I see this rising wedge and key fib level as resistance so I'm expect a Wyckoff accumulation type of setup with the Secondary Test to be played out. Looking at the Macro, past results don't help. Please give me a like and share, follow my YT for updates, All the best, S.SAri FYI. I did ADA.ETH back in Y21. Link below.
Short
by ssari
1
Cardano at a critical pointI gave a pretty vague outlook on Cardano the other day so I figure I should probably fess up a bit and let you all know exactly how I feel about it. Right now, it looks like we're in an inverted head and shoulder pattern. It looks like it wants to explode out of here and o straight for the target which is $0.75 but not so fast. Lets discuss a few things here. First, do you actually know how to trade a head and shoulders pattern? Pattern trading can be pretty decent as long as you do it right. Ideally, we'll break out of the current pattern and do a nice solid retest of the neckline. Your stop loss should be the low of the right shoulder and your target should be 100% of the size of the head to the neckline. That puts us at right below 75 cents. To compare, ADA is trading at 40 cents now. That's a pretty good reward, but what is the risk? Currently a 13% risk. That's not insignificant. Play your cards right and you'll be okay but don't do anything dumb. Wait for a breakout and get a retest of this level we're at now (around 40 cents) and you'll be ok. Just keep that stop loss to make sure you survive another day.
Long
by bitdoctor
4