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Cardano Ascending Triangle formationHey Trader! This analysis is based on the Ascending Triangle concept, which is formed by the price of Cardano. In the analysis two support levels are visualized; Strong support at 0.2983 - 0.3290 , allocating back to mid-December, and the support level at 0.3632 . As the drawn triangle shows, the price follows bullish also called an "Ascending Triangle". This triangle combined with the Fibonacci tool can create a true picture of how the price of Cardano may land at the target at 0.5178 . I hope this analysis helped to give an instructive picture of Cardano's evolution and can be taken into consideration for the current situation as well as the future.
Long
by Aksel_Rom
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, 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) rebounded on Thursday, with prices moving to an eleven-week high in the process. Following a low of $0.3537 on Wednesday, ADA/USD rose to an intraday high of $0.3866 earlier today. As a result of this, Cardano rose to its strongest point since November 8, which is the last time prices were above $0.4100. Looking at the chart, ADA has moved lower from earlier gains, as traders appear to have taken profits near a ceiling of $0.3875. As of writing, the token is trading at $0.3774, with the 14-day relative strength index (RSI) near a resistance of its own at 74.00. The index, which is currently tracking at 69.22, will likely need to move past the 74.00 points in order for ADA to jump over the $0.3875 hurdle. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:ADAUSD
by CryptoSanders9563
$ADA Analysis, Bulls need more push!Though $ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, $ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term, Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the chart, breakout above the key resistance is the sweet spot (blue path) which shows a V-bottom pattern with a price target at $0.60, the next resistance. Failure to break can lead to correction below (Yellow path) so timing and patience is the key here, for either way, $ADA is brewing a good entry for both scenarios and due for a nice run off the lows. Thanks for reading, surfin ends….
Long
by e_Surfin4Trades
🔥CARDANO IS MOVING IN WEDGE: OPEN THIS TRADE ON FALSE BREAKOUT🔥 Hi friends! Cardano is moving inside the wedge and going to break it up before the dump. That is what I think to happen with high possibility. 📊 MY TRADING PLAN FOR ADA: 1. false breakout of the $0.44 local highs 2. volume growth+huge whales sell orders at highs 3. bearish BTC (approx. $25-27k) 🚩 I will decline the dump scenario if it becomes to consolidate above the key level of $0.44. In this case, it will be better to find the long entry point. ✅ MY TARGETS FOR ADA: 1. $0.4-0.41 - the value area 2. $0.38 - the key level 3. $0.31-0.32 - the value area Traders, you can open a long trade inside this wedge and wait for reaching the $0.44 key level. You need some preconditions to enter a trade and short sl to maximize profit, of course. Share your trading plans in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
Cardano Moving Average crossHey trader! This analysis is based on a bullish development for Cardano. The analysis uses the EMA Moving Average which indicates that the 50 day moving average (orange line) has just hit the price indicating a current good buying opportunity for Cardano now. With some support levels at 0.2437, 0.3292 , & 0.3637 providing a good safety net where price can potentially pick up support. In addition, the fibonacci indicates that the price can reach the new target at 0.4997 which will give a nice return of 23.93% . I hope this analysis was instructive and that it can be taken into account in future considerations about Cardano.
Long
by Aksel_Rom
Cardano bullish targetHey trader! This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631 , & 0.3262 . The trend progresses with some peaks followed by pullbacks. This development shows that the price is between a support level ( 0.3631 ) and a resistance level ( 0.3807 ). This indicates a so-called "calm before the storm", as it is an opportunity for the price to break the resistance level and create a new support. This development will mean that the price can possibly follow the bullish trend up to the target at 0.4544 and create a nice return of as much as 21.13% . I hope this analysis was instructive and that it can be used for further consideration of Cardano.
Long
by Aksel_Rom
Cardano bullish triangleHey trader! This analysis reviews a bullish breakout for the price of Cardano. Cardano has recently experienced a bearish trend since the all-time high at 3.1059 . However, a triangle formation has emerged which may indicate that the price will rise despite the recent move. The triangle is pointing a lot upwards and with other tools like Fibonacci it can be estimated that the price has the potential to rise to new highs, potentially to the resistance level at 0.5118 , as there are e.g. there are also some support levels at 0.2436 , 0.3043 , 0.3224 , which makes the price potential for a strong development. I hope this analysis was instructive and that it can be used for further consideration of the direction Cardano should take in the future.
Long
by Aksel_Rom
1
Cardano Fibonacci target 0.4271Hey trader! This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ( 0.5117 , & 0.2417 ) can hold back the price and this is also reflected in the Fibonacci target price at 0.4271 . It can therefore be concluded that Cardano has strong potential to reach the previous resistance level ( 0.4217 ) and create a good return of potentially 22.47% for the speculative investor. I hope this analysis was instructive and that it can be used in considering whether Cardano will continue its imposed bullish trend.
Long
by Aksel_Rom
Cardano double top (bearish breakout)Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed which, upon breakout, could trigger a bearish trend down to the target at 0.1989 (as assessed by the Fibonacci ). I hope this analysis was instructive and useful for future consideration of Cardano .
Short
by Aksel_Rom
ADA IS BREAKING OUT !!!Hello Cardano community, I have conducted a simple technical analysis of Cardano and have identified a significant development. The cryptocurrency has recently broken a downtrend line that had been in place for an entire year. This suggests that the market sentiment may be shifting from bearish to bullish, potentially signaling upside momentum for the asset. Is now the perfect time to buy ADA? I would appreciate any feedback or additional insights on this analysis. Let's discuss and stay updated on Cardano's progress.
Long
by murkser
2