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Adausdtradeidea

ADAUSDT 🔥 Ascending Triangle Reversal Pattern As you can see price has been in a downtrend for a while but for now we can clearly see an ascending triangle pattern that oftentimes lead to a trend reversal. My trading plan is laid out clearly in the chart. You can see TPs and SL as well as the best entry point. You can either wait for the breakout of this pattern or even a breakout and re-test approach whichever your style is. The most important thing, NEVER risk more than 3% of your entire capital on a single trade. Master risk management and become profitable this way in the long run. Happy Trading! Kina 🔥
Long
by KinaStar
ADAUSDT at weekly support, probability favors longThe price has hit the weekly and monthly combined support and the price has bounced from there. A long is favorable from this support. In case this support is lost, next support levels are weekly support WS2 and monthly support MS2 as marked on the chart. It seems that the current support will hold on the weekly level so probability favors long. But in case in coming days/weeks this level is lost, long will be favorable from the next weekly support WS2.
Long
by angela_altair
ADAUSD BUYWelcome . Cardano is positive despite the market downturn. The currency has breached the bearish pennant with. Re-test the area. It also formed a very positive candle on the daily chart. There is a lot of pressure from the buyers to push the market higher. to 0.4000 in the first stage. And level 0.5000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. And click "Like" so that everyone can reach the post and benefit from it and get free content. Thank you
Long
by inv_market09
12
adausdt are you rdy ?🧨😉Well, well, well We are analyzing my favorite cryptocurrency, but I don't like its creator at all, because in my view, he is nothing more than a fool. First of all, I must say that from the point I marked, there should be a drop to the price of $0.1858, then when it reaches this price, it will be the entry point for taking a long position. Now I will tell you how far. The first target is $0.5866, then the second target is $1.2248. Now, whether you want to accept it or not, this is what you see.
by ManochehrAzar
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May. So far, ADA has seen two price rejections at this level in the past two days. A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470. At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April. Entry: $0.3700 Target: $0.3470 Stop-Loss: $0.3811 (above the resistance zone) RR: 2
Short
by AMBCrypto_TA
ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day. We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above. I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought. I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here. I think this move is the move i was expecting from the BEARISH DIVERGENCE. From that, we should look at our indicators and how the move. RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support. MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this. CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info). Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree. I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out! DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanks
BITFINEX:ADAUSD
by SafofAllTrades
#ADA/USDT Long Term Price Targets. $9 Possible by 2025!Welcome to this quick update everyone. ADA has been trading below the resistance since October 2022 and broke out in the last weekly candle. This is a nice development in the price action. Technically ADA can go for a run of 40x in the next bull Run. Is it possible? Well, I don't know but what I can see in the chart is it went 167x in the last Bull Run. Considering the worst-case scenario I think 10X would be a decent target in the next 2 years. The best Accumulation Zone would be $.34 to $.44. Target:- $0.94 in the short term. Long-Term Targets:- $3.6 TO $9.22 What are your thoughts on this? Let me know in the comment section and do hit the like button, it motivates me to post more often. Thank you #PEACE
Long
by Cryptorphic
9
Cardano / ADAUSD - Outlook Long term Bullish, Short term BearishHi guys. Welcome to my TA analysis on Cardano. Compared to some cryptos im liking how the charts have been for ADA. Just FYI this is purely Technical Analysis, i do not dive into FA at all and base my trading discussions strictly on TA. That being said, i do use FA to determine which projects are likely to have strong company dynamics and actual use case when trading cryptos as ive been burned heavy before. I will also be looking to chart more cryptos moving forward as i believe we are at the beginning stages of the crypto bull market. Make sure to tune in for more info on that in my future analysis. Lets dive in: First lets look at PRICE ACTION: Look at the numbered trend lines i have drawn. #1 line = Is this major resistance downtrend or "bear market" resistance line that formed from ADA HKEX:3 top back in August 2021. \ We have BROKEN OUT and tested it as SUPPORT along with covergence of support forming line #2 this intermediate support trend from Jan 2023. THIS IS GREAT TO SEE as this means we have have broken the downtrend we were in since 08-2021. Now does this mean the bottom has formed? Its possible, YES at $0.23 but do notice we can still technically test line #1 and go below $0.23 cents or near it at the least for double bottom even. But that depends on ADA BTC pair relation and how the bull move shapes up in terms of BTC dominance. #2 line - this is an intermediate support line formed from Jan this year. If we cant stay above line #4 , the red resistance line we can test it at any point as support, im in the camp that maybe thewhite circled area where the 200 Day moving average intersects line #2 is a potential area to look at. line 2 along with orange arrow forms a upward channel. Notice here how Orange arrow is acting as resistance and todays candle is looking bearish with upper wick. #3 line - This line is a short term support line where in the coming days we can test, especially if the price action is pushed down by orange arrow. #4 line - This line was major support back in May 2022, then acted as major resistance recently in Feb. We have to now see how price action acts as we come down to test it. We want to STAY ABOVE. In the short term i believe we will DEFINITELY test where Lines #3 & 4 MEET. If we can stay above, act as support and bounce up. solid area to Buy in. But remember this could be a temporary fake out to the upside, meaning we are bound to come down. I would need solid confirmation that we stay above these 2 lines. BUT a major area i would look to enter more positions will be the 200 DMA and line #2. That seems like it would be major support. INDICATORS: 1. Purple line is the 200 day moving average (dma). Notice how we are above the 200 DMA this is also a great sign as long as we stay above it. The thing to pay attention is how and if/when we react again with this in the near future. We need it to be SUPPORT. I would like it also to start curving upwards, which it may do as we are starting to flatten out. 2. RSI - Important to note we maybe forming a lower high. But price action formed a higher high. This is bearish divergence. Which could push price down, causing price action to interact with drawn lines. Todays close is important, as we created a peak and are pointed down. 3. ADX and DI - Also shaping up to be bearish divergence. Where bullish momentum is decreasing but price action seems to form higher high recently. Notice the white circled area, the green line is pointing down, showing a decline in bullish momentum BEARISH DIVERGENCE is when price action is moving up forming higher high shown by the ORANGE arrow but indicators are pointing down forming lower highs also shown by arrow. Price tends to move down over time. CONCLUSION: I think overall ADA seems more bullish than other ALTS but remember that doesnt mean we can't see lower prices than 0.23 cents and still be in a bull market especially if BTC dominance is strong. It is therefore important to gauge at BTC dominance and BTCADA pairings when going for longer term trades. There are loads of positives for ADA, like breaking the major resistance that was formed during downtrend from HKEX:3 and testing it as support. There are also alot of support if ADA does move down which just means more buying opportunity especially since i believe we are in the makings of the new bull run. A MAJOR WARNING however and something to watch carefully is the BEARISH DIVERGENCE and if and when it plays out. That could mean short term price drops. Look to the support lines drawn and the 200 DMA. But overall i believe Cardano is starting its bullish run and am long ADA until proven otherwise. Hope this helped. If you likes what i put out, Please boost, follow and comment. Let me know if you agree or disagree. Stay tuned for updates and more charts on crypto and other assets as well. Look below for related charts especially chart on BTC and recent analysis on another ALT> DISCLAIMER: This is by no means financial advice. I am not a fiancial advisor. The info expressed here are only my opinion and for educational purposes. When trading please maintain your risk management and protect yourselves with stop loss.
BITFINEX:ADAUSDLong
by SafofAllTrades
2