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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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
34
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 ForexCryptoNews441
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