Adausdtrade
Cardano Ada Descending TriangleRange of ada of 2.5$ to 2.9-3$ as of 1d time frame
On intermediate Its forming a descending triangle support of = 2.7$
Two possible ways for further move can be
Illustrated in the picture
A bullish candel with wick on 2.7 lvls
Or breakout of descending trend line retest and enter
ADAUSDT BROADENING TRIANGLE - $3.8 NEXTAdausdt price movement has been intense since the btc surge from 29k and ada is also a major coin that has reached its ($2.55) since btc dump from its ATH(65k). Ada could make a new ath($3.8) from its current position since bitcoin is yet to reach the final. Wait for breakout of the key resistance level before taking a long position.
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A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode.
In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout.
Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets.
1.272 - $3.19
1.414 - $3.65
1.618 - $4.44
2.272 - $8.29
Good luck and happy trading!
Disclaimer: Not financial advice just merely an idea.
ADAUSDT (Update) Cardano 1D TFAs we can see, the price is close to its Highest High . After breaking this range, the next Targets marked on the chart can be imagined for it.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
(DYOR)
ADAA beautiful Golden Cross with 22% profit in 2 days
In the analysis of 9 August, I had announced that the Golden Cross would happen soon
Easily reached the first Target
The price range of 1.69 Cent to be good for buying in case of pullback
Maybe stay in this area for a while without worrying
And continue to raise prices again
It will soon exceed $ 2
ADA 1D Careful with Longs, on Cardano Chart Positive FadingThe last time we made a global idea for the ADAUSDT pair was 3.5 months ago.
We wrote that there will still be an increase in ADA to $2, but for this we need to wait a bit. You can check the result below.
But now, looking at the global ADAUSD chart, we no longer like it.
The most positive scenario that is currently visible on the chart is an increase to $1.50 . There we would recommend covering the longs and looking around. If sellers will be able to gain a foothold above $1.50 , then super, you can re-enter the position with them and continue to hold a long.
But if the price drops to $1.20, then buyers will have to sweat a lot in order to raise the price up, and this will be the first sign of danger for longs.
If sellers push the price down to $1.10, this will be the second warning signa l and will mean that buyers are losing control of the situation.
In this case, sellers will seize control over the ADAUSD market, and then the red scenario will fully activate.
The target of working off the fall , according to the red scenario, will be around $0.40.
Someone will say that this is a terrible and unrealistic scenario, while someone, on the contrary, will gladly rub their hands, because there may be a good opportunity to buy ADA cheaply again in their investment portfolio.
There is no 100% correct statement, but we must remember that everything is possible in crypto and only time will judge who was right and who was not)
Have a nice weekend everyone, which is coming)
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
ADA CARDANO - 1,3980 is a Major Resistance (still)You guys ask why I don't post on Cardano lately.
Well here is the updated chart which clearly shows that unlike Bitcoin we are still under (below) major resistance.
The news remain good with Portfolio Strategist Expecting Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether
All tis while 'Smart Contracts One Step Closer to Hitting the Cardano Network'
All this until the 1,3980 is breached over and we can buy again.
One Love,
the FXPROFESSOR
ADA's Target if Falling Wedge is BrokenIf ADA is able to successfully break the falling wedge resistance we're looking at a huge target at approximately $2.02.
There will definitely be resistance along the way, so I've drawn out the potential scenarios and resistance lines that could impact the price action on the way up.
ADAUSDT Seems Creating Demand Once AgainOn the daily time frame ADAUSD, we can see the price rejection few times from the same support zone and creating demands each time. After Elon's last live comment, the Crypto market seems again bullish to me. ADAUSD will meet its higher high once again and the conformation we found by technical perspective in this chart.