#ADAUSD 1DAYADAUSD (Cardano vs US Dollar)
Timeframe: 1 Day (Daily Chart)
Pattern: Uptrend Channel
Description:
The ADAUSD pair is currently exhibiting a well-established **uptrend channel** on the daily chart. This pattern is defined by a series of higher highs and higher lows, with the price consistently moving within two parallel ascending trendlines. The lower trendline serves as dynamic support, while the upper trendline acts as resistance. The price action within this channel indicates that buyers are in control, with bullish momentum driving prices higher over time.
Forecast:
The recommendation is to take a **buy** position, as the price is expected to continue moving upward within the channel. The trend shows strong bullish signals, and unless there is a break below the lower support line, the uptrend should persist. If the price approaches the upper resistance line, it may face some temporary consolidation or correction before continuing higher.
Entry Point: A buy entry is suggested near the lower support of the channel for optimal risk-reward.
Stop-Loss: Place a stop-loss slightly below the lower support line of the channel to mitigate risks in case of a downward breakout.
Take-Profit: The take-profit target should be set near the upper resistance line of the channel, or you may trail your stop-loss to lock in profits as the price advances. A breakout above the resistance line could signal further upside potential.
ADAUSDTPERP
Cardano ADA price slowly turning aroundProbably shouldn't have high hopes for #Cardano CRYPTOCAP:ADA , as it is an old, heavy, and clumsy coin.
However, recently, the information field around the project has been stirring up, to the point where there will be memes on #ADA)
It would be nice to see OKX:ADAUSDT at $0.80 by the end of 2024, following the blue route, w hat do you think?
#ADA/USDT#ADA
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 0.3600
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.3800
The first target is 0.4138
The second target is 0.4407
The third goal is 0.4736
Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart
One question arises :
- Did the ABC correction already end in April at $0.40 in 🟥the red scenario?
- Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario?
The critical level from below is $0.40
The critical level from above is $0.50
Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement.
Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5
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#ADA/USDT#ADA
The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside
The price rebounded well from the lower border of the channel at the green support level of 0.400
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price 0.4500
The first target is 0.5080
The second target is 0.6000
The third target is 0.6870
ADA will create a chance to turn your life aroundHello friends, did you have a good day?
I'm going to show you a shocking and amazing chart today
It's a log-chart.
There's a way to read the ideas of the forces by applying a little bit of technology in the Fibonacci extension.
It's the SECRET of 0.1 and 0.236
0.1 and 0.236 are places where there is a fight between selling and buying, and have consolidation.
When it breaks out 0.236 upward, it can reach 0.618 (5.3135) and If it succeed in retesting beyond that, it can reach the 1 value of 38.3173.
If you take a long position at a 10x from the current point and chart goes to 1 value,
ADA - Time to Do or Die!Clarification:
1. I am hoping ADA will recover and perform well. However, hope is not a trading strategy; this chart is mega-bearish.
2. The chart is on the weekly TF, but the EMAs are the Daily EMAs.
Analysis:
1. ADA lost the upward-sloping trendline on April 2nd.
2. ADA was unable to reclaim the uptrend on April 8th.
3. As a result, ADA dropped to its initial support level of 45 cents.
4. Should ADA fail to reclaim the trendline, it is in danger of completing a Head and Shoulder Pattern on the weekly TF.
5. The Pattern’s target is 8-cents.
Initial Invalidation:
• Reclaim the trendline and the daily EMAs, whichever comes first.
Final Invalidation:
Make an HH above 82 cents.
Best wishes
Bearish outlook for ADAADA’s outlook is bearish for the following reasons:
1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents.
2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd.
3. ADA is. Below the short EMAs, the 21 and the 50.
Should ADA lose the 58-cent support, It could drop as low as 36 cents.
Cardano(ADA) is Ready to Fall at least 🚨➖10%🚨🏃♂️ Cardano(ADA) is moving near 🔴 Heavy Resistance zone($1.053-$0.746) 🔴 and Resistance line .
🌊According to Elliott wave theory , Cardano(ADA) seems to have completed Zigzag correction(ABC/5-3-5) .
🔔I expect Cardano(ADA) to start falling again from the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least fall to the 🟢 Support zone($0.661_$0.633) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Cardano Analyze (ADAUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#ADA/USDT#ADA
The price is moving in a descending channel on a 4-hour frame
We now have a successful penetration of that channel upward
We have oversold conditions on the MACD indicator
We also have a higher stability moving average of 100
Entry price is 0.5230
First target 0.5443
Second target 0.5852
Third goal 0.6391
ADAUSDT.P Aggressive Trend TradeAggressive Trend Trade 2R
- long impulse
+ biggest volume T1 level
+ biggest volume 2Ut-
+ weak test
+ better the the first closed bearish bar entry level
Calculated affordable stop loss
1 to 2 R/R take profit
Daily chart context
+ short balance
+ CREEK level
+ resistance level
When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions.
It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465)
If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher.
As always, we are waiting for your thoughts in the comments below the idea.
Long-Term Trade 120% Potential No LeverageTLDR:
ADA finished its correction.
The target for the next impulse is between 1.17 and 1.25 Dollars.
Background:
Between ADA October 18th and December 12th, 2023, ADA’s price rose 186% to 68 cents.
Following this impulsive PA, ADA entered a correction that lasted 42 days with an overall correction of 35%.
The proportion between the impulse and the correction from the time and price perspectives is ideal.
ChoCh:
ADA is about to cross above the 52-cent level, the last LH. If ADA crosses above the 52-cent level and retests it as support, I will consider it a bullish ChoCh and an early indication that the trend will likely change to an uptrend.
S/R Levels:
Resistance: 0.62, 0.68, 78-90, 1.25
Targets:
The 1:1 extension is the Minimum Target. However, I expect ADA to achieve the 1.618 extension at least because I consider this a wave 3.
Trade Idea:
Entry: 0.52
SL: 0.48
Target: 1.15
TP: 0.68, 0.78, 0.90, 1, 1.15
R: R: 1: 4.23 to first TP
NFA
What do you think? Please share in the comments
Best Wishes
ADA/USDT Looking BullishTRADE ALERT! Ada
Ticker: ada/USDT
Entry:0.51-0.53
Take Profit: 0.6180-0.6385
Stop Loss: 0.4739
Risk to reward: 1:2
Technical Thesis:
Price saw a correction upto 0.618 fib ratio
The area of 0.5 fib and 0.618 fib is where price is holding and is expected to bounce.
Keep an eye on 0.53$ to 0.51$ area for long position.
Below 0.2441 : Entering the bottom sectionHello?
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(ADAUSDT chart)
The key is whether the price can be maintained above 0.1720 and rise above 0.2974.
(1D chart)
Falling from the current position could mean falling to the bottom, so a countermeasure is needed.
Accordingly, the key is whether it can receive support and rise in the box range of 0.2441-0.2580.
If this is not possible and the price falls and shows resistance, a stop loss is necessary.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ADAUSDT - Buy Setup ADAUSDT (1D Chart) Technical analysis
ADAUSDT (1D Chart) Currently trading at $0.261
Buy level: Above $0.257
Stop loss: Below $0.24
TP1: $0.273
TP2: $0.3
TP3: $0.33
TP4: $0.35
Max Leverage 3x
Always keep Stop loss
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Cardano ADA price at a crossroadsAt the beginning of the year, ADA holders rejoiced that their coin was one of the first to break the long downward trend and that its price was expected to grow strongly.
However, there were 5 attempts to break above the strong mirror level of $0.42-0.43 and all failed, so it turns out that "someone" was selling out.
Did "they" know in advance that in early June, the SEC would say that Cardano's ADA is a security and that the ADAUSDT price would strong fall on the negative news?
I would like to believe that this is a coincidence, but the crypto market is currently unregulated and anything can happen.
We're keeping our "fingers crossed" that ADAUSD buyers will manage to break through and gain a foothold above $0.295. This will open the way for them to reach at least $0.36, and if they are lucky, the notorious $0.42-0.43.
However, we must also admit that if you look at the global chart, you can see that the ADAUSDT price still has room to fall. For example, to $0.17-0.18.
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