Adausdtanalysis
ADAUSDADA/USD appears ready to begin the month of May near very troublesome lows, and if current support is proven vulnerable trading may grow more nervous.
The month of April started out on an extremely positive note for Cardano. A high of nearly 1.25000000 was tested on the 4th and the high came within shouting distance of early February values. Traders who were bullish in early April could not have been blamed for believing the bearish trend was about to be brushed to the side, and that another strong leg upwards would be demonstrated.
Instead ADA/USD appears ready to begin the month of May near very unpleasant lows. The word ‘unpleasant’ is used as a polite way of saying the price of ADA/USD is approaching an ugly price level. As of this writing ADA/USD is traversing near 82 cents and mid-March values are again plainly in sight.
Having traded with a healthy dose of strength above the 1.20000000 mark in late March and early April, ADA/USD may have appeared ready to flirt with the solid higher values of early January 2022. But the highs of early April ran out of buying power, and now prices are languishing near crucial support levels which if proven vulnerable may cause more selling for Cardano. The 78 cents mark should be watched. Perhaps speculative bulls will feel that a price of this stature for ADA/USD represents oversold territory.
However from a technical viewpoint if ADA/USD were to brush up against this lower support vicinity seen in mid-March, speculative nervous selling could cause ADA/USD to traverse within values it has not seen since February of 2021. As May gets ready to start Cardano is not only at one month lows, but it is testing values not seen since the 16th of March. Day traders may be tempted to look for upside, but the trend has been lower. The push towards highs in early April appears for the moment to be a rally that ran out of power, as risk was taken off the table and perhaps profit taking flourished.
ADA/USD can provide traders with plenty of volatility and that may be attractive. Moves of five to seven cents within Cardano are not uncommon within a single day. Speculators need to make sure if they are going to participate in ADA/USD and pursue wagers that risk management needs to be firmly in place. While support levels may appear strong technically because of March lows and the reversals that occurred higher, the broad cryptocurrency market remains under a bearish shadow too.
Cardano Outlook for May:
Speculative price range for ADA/USD is 0.69000000 to 1.05000000
The current support level of 81 cents needs to be monitored, if this level fails to hold back the tide downwards, traders cannot be blamed for thinking mid-March values will be promptly tested. The 80 cents price may seem like an important psychological value, but there is little reason to think this mark can cause a widespread and sudden burst of buying if it is challenged.
Traders cannot be blamed for believing additional downside may be demonstrated by ADA/USD as new lows are created with a high rate of velocity. If the 78 cents level breaks this would be crucial and likely create more downside pressure. A low of 0.74750000 was seen on the 24th of February, if this support is not strong enough to withstand selling, traders will have to pull out long term charts from February of 2021.
Speculators who believe ADA/USD has been oversold exist. Day traders looking for reversals higher cannot be blamed, but they should stay realistic about their target prices as long as the bearish trend remains intact. If Cardano were to suddenly see strong buying and the 90 cents level tested and sustained, that could be an indicator another move higher could occur. However, until ADA/USD breaks its current trading range and maintains higher prices, traders may want to look at higher moves as an opportunity to sell into a cryptocurrency market which is still demonstrating nervous sentiment as they look for reversals lower.
ADAUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 1 and 1.4
Stop: (depending of ur risk). ALWAYS follow ur RM .
after first target reached move ur stop to breakeven
risk is justified
Good luck everyone!
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It's not financial advice.
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ADA LONG SETUPMarket just finished 1-5 Elliot Wave pattern and we are supposed to get an ABC in the opposite side, we just broke bearish trendline and price started consolidating at 1,216 zone, which is 0,5 fib zone of the last (5) Elliot wave, that's why we are forcasting that this zone is A point of an ABC correction.
Entry: 0,976 ( 0,5 fib zone of an A correction wave, institutional candle zone)
Invalidation: 0,835 (Recent low below buy zone)
Target 1: 1,836 (Bottom of an institutional candle zone which is visible in 4h time frame, 0,5 zone of the whole bearish trend)
Target 2: 2,377 ( Liquidity zone formed by a market while moving downwards)
R/R Ratio To Target 1: 6
R/R Ratio To Target 2: 10
ADA/USDT TRADE SETUP! READY TO PUMP 100% Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #ADA/USDT breakout this big descending channel pattern.
ENTRY: CMP and add more up to $1.121
SELL- 100%
STOP LOSS: $1
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
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probably effect of VASIL hard fork on ADA price In this post, I have tried to show the impact of each of Cardano's previous hard forks on its price. According to the chart, Cardano has a 1.60 two-month target. But in the short term(next week), decrease of Cardano TVL could make it bearish. pullback to 1.020 is possible. We have the Vasil hard fork ahead in Jun.
CARDANO BROKE MAJOR SUPPORT, WHAT NEXT?Please support this idea with a LIKE👍 if you find it useful🥳
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We have the major support/demand zone within $0.925 - $1.051.
As seen here, Cardano broke this range and it’s heading back to the pool of consolidation at $0.388.
The question now is Will Cardano retest this consolidation breakout or dive into the consolation pool?
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💥CARDANO 1HR CONSOLIDATION - BREAKOUT OR FALL BACK TO $1??🤔Please support this idea with a LIKE👍 if you find it useful🥳
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Cardano has been in consolidation since 21st January 2022 on the 1hr timeframe within the support at 1 & the resistance at $1.16.
Price is currently at the resistance zone.
Do you think price will fall back to support or break out of consolidation?
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ADAUSDT Analysis (LONGTERM)Hello friends.
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Everything on the chart.
open pos: market and lower
target: 4 - 5 - 6
after first target reached move ur stop to breakeven
stop: under 1.1 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 8
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
ADA/USDT TRIES TO BE A GOOD BULL Hello guys, here I will share an idea about ADA/USDT technical analysis.
I do not recommend trading using high leverage for this trade. max use x3 leverage (DWYOR).
From the reversal price of crypto assets that occurred a few days ago, ADA has certainly suffered a deserved impact. For those of you who have confidence in this coin, there is good news to start buying in the area that I have marked.
ADA/USDT will most likely go to Fibonacci level 1.0 ($1,204), so you can buy ADA/USDT coin in the price range of $1,082 - $1,223 and sell in the Fibonacci area of 0.618 ($1,883) or if you want to sell at a safe level in the price range $1,748
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0x94bD70a85147A9f2588994854617987D980acED2
ADAUSDT , Buy zone activated , Did you bought ?Hello everyone
According to the previous analysis we shown on chart a buy zone area (green box) and tonight that box is activated and we expect that the price can rise up to reach the first target , and if it can break the first target the other targets is on way of price because when it can break the first target the trend is change to upward and we exit from the wave of correction-downward and the more high target is on our way .
Dont forget use stop loss and attention to money management
Previous analysis :
Good Luck
Abtin
ADAUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 2.5 - 2.8 - 3.2
after first target reached move ur stop to breakeven
stop: ~under 1.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
ADAUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.38 - 2.6 - 2.77
after first target reached move ur stop to breakeven
stop: ~2.05(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Will be very appreciate for ur donat/coins :)
Open to your questions or suggestions(Looking for investors!).