Cardano testing Crucial Area Formed & Breaking Falling Wedge In h4 Timeframe Incase Of breakout expecting Move towards 0.50$ Keep Eyes On Ada For Breakout
ADAUSDT
Cardano (ADA) is about to break down the support!Hello, everyone!
As you know, sometimes I can take the trade on BINANCE:ADAUSDT instead of Bitcoin. Today I am going to show you my thoughts about this asset, what we can wait in the nearest future.
ADA demonstrated the bounce in the first half of 2023, formed the bearish divergence with the Awesome Oscillator. This is the clear sign, that it was just a correction to the downtrend impulse. I consider the final bearish wave which should be ended with the 5 waves cycle. If we suppose that wave 1 has been already formed, ended just at the support trend line, now we can expect the reactive wave 2. It has the target at 0.61 Fibonacci retracement, $0.41 .
This potential bounce could be the nice bull trap. The wave 3 which is going to follow this bounce can easily break the support line. It has two targets: $0.29 and $0.22 . My plan is to wait this bounce to open short trade.
Best regards, Ivan
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ADA ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA possible elliot wave countFor ADA we have an simillar count as for bitcoin, below you can see a link to BTC idea
Both waves 2 ended on the 0.618 Fibonacci inside a rising wedge
At the beginnning of an uptrend, bearish patterns has a higher chance to break to the upside
2 great targets are:
- the 1.618 fib extension/previous support and the 0.786 fib of the downtrend around 80 cents
- the 2.618 fib extension/ 0.618 Fib of the downtrend and the yearly close of 2021 around 1 dollar 30 cents
This is gonna take some while to develop but it could form al larger cup and handle for a breakout after the bitcoin halving
Crypto Update: ADA gearing up for new push higher?Today's focus ADA
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play.
Thanks for stopping by. Good trading, and have a great day.
Hi, I see A very good Swing trade opportunityHi,
I see A very good Swing trade opportunity
Risk to reward is very convenient
Good luck Every one
ADAUSDT BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
Entry, SL & TP Levels are defined.
if can break confirm go to targetWe are waiting to receive for long or short, but the reviews give more possibility of growth, so let's be optimistic.
CARDANO's movement in Coming Days!!!🤑The ADAUSDT Broken the Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- Falling Wedge Pattern
- Bullish SAR dots
❗and the Upward signals of market momentum are:
- Divergence in MACD
✅The price has been able to break this pattern upwardly. This means the price will be flying for now and we shall expect it to reach even higher levels.
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
🤑The rich invest in time, the poor invest in money.
🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹
✅Warren Buffett
✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them.
⏮️Previous Analysis:
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
BTC, ETH, XRP 🌤️ ADA: Ready for a Bullish Surge? 🚀🌟Sunny weather with a few scattered clouds lies ahead for the global crypto market🌤️, including Bitcoin, Ethereum, and Ripple in the next 24 hours, according to ATTMO. This means that a slightly bullish market with upside potential is likely. ☁️⚡️
The weather is however tropical – very bullish with some upside potential – for Cardano today. 🌴🚀
Over a one-week horizon, ATTMO expects cloudy weather with some sun for both major cryptocurrencies – Bitcoin, Ripple, and Binance Coin. This forecast can be translated into a slightly bearish market with downside risk. ☁️⛅️
Follow us for valuable insights and stay ahead of the market trends. 📈🌐
Cardano to register further gains following range breakout?The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.
The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.
Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.
Entry: $0.372 (retest of range highs)
Take-profit: $0.383 (small imbalance and short-term resistance)
Stop-loss: $0.368 (below FVG)
ADA short it and aim to 0.2921h time frame
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ADA retesting HS structure currently, and also creating a small rising wedge.
This plan is a short trade with great RR.
Try it with tolerated loss!
Cardano forecast: decline and growthA price decline for Cardano is expected, followed by growth. The potential entry point is indicated on the chart.
Please note that this is merely a model-based prediction and not financial advice. Market conditions can change rapidly, and actual outcomes may differ from the forecast. Always perform your own research before making any investment decisions.
ADAUSDT breaking the trendHello everyone. According to ADAUSDT, an interesting graph is obtained. The last idea for this coin was about the "head and shoulders" pattern. Now the coin has won back this idea and broke the trend short line, like many other coins. Locally, we have drawn the bottom and already with a new trend line we are pressing the level of 0.377. Therefore, the idea is to go long with a goal of 0.4152. Stop over the line at 0.37.
Cardano bulls likely to falter at $0.375 againPossible short-term range formation after a strong ADA move downward from $0.42 that began in late April.
Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well.
A sweep of liquidity just above $0.375 was a possibility that bears must be careful of.
Entry: $0.369 (aggressive, more cautious traders can wait for rejection from $0.373)
Take-profit: $0.349 (just above range lows)
Stop-loss: $0.3777 (a wider stop-loss at $0.38 can also be considered)
R:R- 2.45
