ADAUSD BUY/LONG NOW READY (Might still do a restest)Hi All, this is an update based on my previous ADA chart release. You can consider re-entering now already. HOWEVER, note that the market could still fall back to 1.27 - 130.
AGAIN THE OVERALL is still an uptrend yeap.
Technical Analysis
1. Fibonacci Retest to 0.618 (Golden Zone) - Market is bouncing off it already.
2. Retest of Fibonacci Level is also on NEW Horizontal SUPPORT level
Consideration: The market could still fall to 1.27-1.30 range so bear in mind. However, overall and long-term still a strong up all the way to at least 2.00 range.
Adausdtradeidea
ADA - 6h. We expect a test in the range of $1.45-1.5After almost 2 months of torment, buyers managed to take control of $1.45-1.5 . It was from the 4th time that Cardano buyers broke through this liquid zone and continued their journey with an ultimate goal of $2. However, given the nature of the breakdown of this range and the not too vigorous growth of the ADA price, it seems that buyers will have to continue defending the range of $1.45-1.5.
If we look at the hourly timeframe , how sellers started their local downward trend, we see a significant increase in sales below the $ 1.7-1.72 range. Buyers' unsuccessful attempt to maintain this local range allowed sellers to hit stop orders that were below $1.58-1.64:
Buyers managed to get the price back above this local range, but we do not believe that this local range can become a solid support for the continued growth of ADAUSDT.
In addition, we see that the current wave of growth is taking place at low volumes, which indicates a small number of interested buyers in this range. Therefore, our main scenario is the continuation of the fall in the ADAUSD price with the first target at $1.45-1.5.
Alternative scenario. If the BTC price breaks the mark of $48600, we think that the ADA price will again return to the wide consolidation zone $0.91-1.5 with the first stop at $1.2
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ADA/USDT : What is the next targets ?BINANCE:ADAUSDT
Hello everyone 😃
ADA had a breakout from it's accumulation zone ( as we mentioned before 😉 ).
ADA has bounced nicely from it's MA50 and now EMA20 and MA50 are below movement and they will act as a support for ADA.
Now let's discuss about next possible directions and targets !
Now we might see a retest on broken level ( $1.48 - $1.57 ).
After that there will be a enough space for traders to join ADA..
Cause volatility had a bullish crossover and There are two stiff support points which can reversal the movement.
According to FIBBO retracement's levels;
1st targets is located near 2$,
2nd one will be at ~$2.35
And the 3rd is located is above ~$3.2 which is too soon to count it as target !
You can use safe targets if you want to take advantage from it.
Any 1D closes below support zone will invalidate this setup..
Hope you enjoyed our analysis about ADA's possible targets🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Cardano ADA-USD Possible Bullish Flag & PennantPossible scenarios I am looking at:
1. BO of Pennant and test of ATH
2. Break down of pennant and retest of 1.20 area
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
ADA/USDT : Possibility for new ATH ! BINANCE:ADAUSDT
Hello everyone 😃
ADA had a flat movement for a month now; So it could be good for it to have a bullish outlook on it.
Potentially with recent fundamentals it will be bullish more and more.
Now let's talk about chart :
- On first point, Bollinger Bands and Stochastic RSI had a bullish crossover on 21th April.
So I expect a continuation till Bollinger Bands is upper based on BB and stochastic RSI combination !
( This combination is very accurate to use in flat market and as I mentioned earlier ADA has been flat for a month now )
- ADA had a retest on 38.2% FIBBO level and now it seems that ADA starts to rebound from this level for multiple times.
There are two possible scenarios for ADA now;
1️⃣ Continues the growth and retest 0 level on FIBBO, After that if any breakout happened then targeting $2.165 based on FIBBO retracement knowledge !
2️⃣ Rejects to retest ATH's resistance again and follow BTC's ABC correction and go for a reclaimed support at 50% FIBBO level.
📌 It's about ALTs correlation with BTC's movement now ! So any minor rejection BTC can be dangerous for ALTs.
Now let's take a closer view on ADA :
As you can see on chart;
ADA had a bounce from Daily EMA20 and now It's attempting to break current resistance zone above.
Also MACD is trying to have another bullish crossover for a bullish continuation !
🔰 Factors are simply bullish on this chart..
🔴 But on MACRO overview;
ADA surged above the moving averages on 26th April , and the long tail on today’s candlestick suggests traders bought the dip to the EMA20.
This is a positive sign, as it shows that buyers are accumulating on dips.
ADA could now attempt a rally to $1.48 where the bears are likely to mount stiff resistance.
If the price turns down from this level, the pair is likely to drop to the moving averages and remain range-bound for a few more days.
Contrary to this assumption, if the bulls drive the price above the $1.48–$1.55 overhead resistance zone, the pair could start the next leg of the uptrend, which has a target objective of $2.
-Rakesh Upadhyay overview on ADA/USDT !
🔺 Have to mention again that BTC can have a correction in low TF so don't manage your risks ! It's highly recommended to limit your total engaged portfolio lower than 30%.
Hope you enjoyed our analysis about ADA's possible growth🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ADA is ready to move to $ 2 and new ATHHello guys, on 11th April in the Bitex group we came to the conclusion that Cardano is ready to start the move from bottom of trend and record new ATH
As I said in the account management group, the oscillators are ready to reverse and price go higher and reverse from bottom of ascending triangle and the time and price correction is over, and now it is ready to break the resistance and move to the prices of $ 1.5 to $ 2.6.
Buy Step : 1.22~1.30
TP :
1.55
1.82
2.12
2.60
3.0
SL : 0.97
ADAUSDT - Ready to fall to 0.40 USD or hike to 2.25$Looks like ADA is forming a rectangle top.
One of the 2 scenarios will happen:
Short: ADA closes on the daily below 0.96 and falls the technical price target of 0.39$ or
Long: ADA closes on the daily above 1.56$ and takes a hike to technical price target of 2.25$
Personally i tend to a long position since we are in the Altcoin Season and RSI with MACD are in the good levels to buy.
Also at 0.96% we have a strong EMA100 Support.
But i'll wait for the breakout first.
$ADA - keeping this one simpleAscending wedge again similar to BTC 1D, LTC and DOGE LTF setups from yesterday
Safest entry is buying a retest of the cap of the ascending triangle which is 1.488
If no retest pick up a HL after the deviation level has been claimed, as this confirms bullish market structure
Fundamentally this is a more efficient version of ETH, but at this moment less used
Targets shown on screen, for me mainly the 2.0 at $2 and the measure move at $2.3
Cardano - more sumer surveys...Cardano has been stabilizing its price since near the end of February, oscillating between the 0.618 Fibonacci ranges and touching 1 a couple of times.
Right now the average price with volume marks a lower price (about $ 1.00 approx) although the price is still above, just at another important level (0.786)...
What direction do you think the price will take in the next two or three months?
Will the move be strong enough to hit level 1 again, above $ 1.50?
--
Here there are reflected the most relevant levels to take into account, thank you.
ADA 12h There will be growth, but a little bit laterSince the previous short-term idea in the ADAUSDT pair worked out our goal from above, it's time to look globally at the picture.
Globally, ADAUSD has been in consolidation for the second month, preparing for a breakout.
Most likely the breakout will be upwards and the first target from above is around $2
But before that, we would like to ask the market to let us into the long, at least for $1.26 :)
Also, global goals for the possible future price of the Cardano token should be spinning in our head, and this is a range of $4.30-5
Global ADA upside correction will begin if sellers push her below $0.97
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ADA/USDT : Moving above bullish trendline BINANCE:ADAUSDT
Hello everyone 😃
ADA is moving above two bullish lines.
Now there are two important zones !
- Support zone around ~1.1$
- Resistance zone below ~1.3$
Both zone can hold or reject ADA but there is a coming event in August.
The development team behind the CARDANO blockchain is unveiling new details surrounding its smart contract release...
In the wake of its Mary protocol release this March, Charles Hoskinson’s CARDANO is revealing that its Alonzo upgrade will launch this coming August.
IOHK (Input Output Hong Kong), CARDANO's development company, announced this week that the Alonzo upgrade will add support for smart contracts to the CARDANO blockchain.
The update will allow developers to start building on the CARDANO platform – a highly anticipated functionality that the Ethereum network currently possesses.
IOHK notes that the upgrade aims to support businesses and provide support for developers wishing to build decentralized finance (DEFI) DApps.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ADA SHORTERM SELL - LONGTRM BUY Technical Analysis
1. Large Pennant
2. Fibonacci Retracement bounced off 0.786 (Silver Zone) in mid March 2021
3. 1st Take profit will be on Major Resistance Level, expect the market to move downwards for a pullback before rising to 2nd Take Profit level
3. Fibonacci Expansion 1.654 (2nd Take Profit) is mirroring a potential pullback which will allow the market to bounce for previous resistance level now turned support.
4. Final Take Profit is at Fibonacci Expansion Zone of 1.618 (Golden Zone for Expansion Take Profit) in which would also complete our Pennant's Flagpole
How I would approach this:
Let market fall/sell to 1.19109171 then buy till our 1st Take Profit at 1.44765257 .
Wait for the market to fall back to 1.27897369 then re-enter to a buy to our 2nd Take Profit at 1.65572097.
Wait for the market to pullback to levels around 1.44765257 to re-enter for our Final Take Profit at 2.06991149
ADAUSDT realistic predictionADAUSDT just made an attempt to break out from the symmetrical triangle.
But, "Aber leider" (the best phrase to describe this condition) it failed.
So this is my realistic and optimistic prediction for ADAUSDT.
Why i made the prediction optimistic?
Because there's a strong support in 1.20500, made from lower timeframes movement.
I hope phase 1 can happened faster. (hahaha) and continued by phase 2. After that maybe there's another big retracement before making another attempt to break the ATH of ADAUSDT, or ADAUSDT fly directly (small chance).
I hope you can give me your insight about ADAUSDT
~This is only a prediction~
Go go go ADAUSDT!