Get started

Adausdtradeidea

ADAUSDADA/USD appears ready to begin the month of May near very troublesome lows, and if current support is proven vulnerable trading may grow more nervous. The month of April started out on an extremely positive note for Cardano. A high of nearly 1.25000000 was tested on the 4th and the high came within shouting distance of early February values. Traders who were bullish in early April could not have been blamed for believing the bearish trend was about to be brushed to the side, and that another strong leg upwards would be demonstrated. Instead ADA/USD appears ready to begin the month of May near very unpleasant lows. The word ‘unpleasant’ is used as a polite way of saying the price of ADA/USD is approaching an ugly price level. As of this writing ADA/USD is traversing near 82 cents and mid-March values are again plainly in sight. Having traded with a healthy dose of strength above the 1.20000000 mark in late March and early April, ADA/USD may have appeared ready to flirt with the solid higher values of early January 2022. But the highs of early April ran out of buying power, and now prices are languishing near crucial support levels which if proven vulnerable may cause more selling for Cardano. The 78 cents mark should be watched. Perhaps speculative bulls will feel that a price of this stature for ADA/USD represents oversold territory. However from a technical viewpoint if ADA/USD were to brush up against this lower support vicinity seen in mid-March, speculative nervous selling could cause ADA/USD to traverse within values it has not seen since February of 2021. As May gets ready to start Cardano is not only at one month lows, but it is testing values not seen since the 16th of March. Day traders may be tempted to look for upside, but the trend has been lower. The push towards highs in early April appears for the moment to be a rally that ran out of power, as risk was taken off the table and perhaps profit taking flourished. ADA/USD can provide traders with plenty of volatility and that may be attractive. Moves of five to seven cents within Cardano are not uncommon within a single day. Speculators need to make sure if they are going to participate in ADA/USD and pursue wagers that risk management needs to be firmly in place. While support levels may appear strong technically because of March lows and the reversals that occurred higher, the broad cryptocurrency market remains under a bearish shadow too. Cardano Outlook for May: Speculative price range for ADA/USD is 0.69000000 to 1.05000000 The current support level of 81 cents needs to be monitored, if this level fails to hold back the tide downwards, traders cannot be blamed for thinking mid-March values will be promptly tested. The 80 cents price may seem like an important psychological value, but there is little reason to think this mark can cause a widespread and sudden burst of buying if it is challenged. Traders cannot be blamed for believing additional downside may be demonstrated by ADA/USD as new lows are created with a high rate of velocity. If the 78 cents level breaks this would be crucial and likely create more downside pressure. A low of 0.74750000 was seen on the 24th of February, if this support is not strong enough to withstand selling, traders will have to pull out long term charts from February of 2021. Speculators who believe ADA/USD has been oversold exist. Day traders looking for reversals higher cannot be blamed, but they should stay realistic about their target prices as long as the bearish trend remains intact. If Cardano were to suddenly see strong buying and the 90 cents level tested and sustained, that could be an indicator another move higher could occur. However, until ADA/USD breaks its current trading range and maintains higher prices, traders may want to look at higher moves as an opportunity to sell into a cryptocurrency market which is still demonstrating nervous sentiment as they look for reversals lower.
BITSTAMP:ADAUSD
by SmoothJB
2
ADA LONG SETUPMarket just finished 1-5 Elliot Wave pattern and we are supposed to get an ABC in the opposite side, we just broke bearish trendline and price started consolidating at 1,216 zone, which is 0,5 fib zone of the last (5) Elliot wave, that's why we are forcasting that this zone is A point of an ABC correction. Entry: 0,976 ( 0,5 fib zone of an A correction wave, institutional candle zone) Invalidation: 0,835 (Recent low below buy zone) Target 1: 1,836 (Bottom of an institutional candle zone which is visible in 4h time frame, 0,5 zone of the whole bearish trend) Target 2: 2,377 ( Liquidity zone formed by a market while moving downwards) R/R Ratio To Target 1: 6 R/R Ratio To Target 2: 10
Long
by SFT_Analysis
1
ADA FIRST RESISTANCE PASSED. WHAT'S NEXT? After we broke the R7 resistance, the S1 support automatically appeared, the R7 resistance is the resistance level from the 4-hour timeframe, the daily resistance coincides with the R6 resistance, which is indicated on the chart, this is a very important and global resistance from the daily timeframe, as I wrote earlier and pointed out that only after breaking and fixing above this resistance there will be an actual trend reversal, but this is already a success and I didn’t think I would say it, but I would very much like the price on the chart to roll back below the broken resistance R7, so that you can buy on the rollback the best price. But things can change quickly and we can make a breakdown at the moment LR1 and go higher. We observe and follow.
COINBASE:ADAUSD
by UnknownUnicorn36647227
ADA/USDT TRADE SETUP! READY TO PUMP 100% Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. LONG #ADA/USDT breakout this big descending channel pattern. ENTRY: CMP and add more up to $1.121 SELL- 100% STOP LOSS: $1 This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
1
ADA/USDT 1 DAY UPDATEWelcome to this quick ADA/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-ADA/USDT triangle pattern create Entry:- 1$, 1.11$, Traget:- T1:- 1.67$, T2:- 1.99$ T3:- 2.21$ T4:- 2.69$ T5:- 2.96$ Stoploss:- .70$ Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
ADAUSDADA/USD fell to nearly 91 cents during the past weekend. Although a reversal higher was accomplished and a high of nearly 1.170000 was seen on Sunday, ADA/USD has again fallen under the duress of strong headwinds. Cardano is trading in correlation to the broad cryptocurrency market which continues to show a lot of nervous sentiment. A troubling indicator for ADA/USD is that it is trading below its lower prices seen in June and July of 2021. The technical fact that Cardano is a lower value now, after falling to the values seen during June and July after achieving its highs in mid-May of last year are cause for alarm. The reason for this is that after the over exuberant bubble popped last spring, ADA/USD was able to find a level of support in June and July, and then actually achieve all-time record values in early September of 2021 over 3.000000 per token. The ability of ADA/USD to crash below the June and July support levels, after achieving the record highs of this past September shows the current massive selloff is greater than the selloff seen late last spring and into the summer. As of this writing, ADA/USD is hovering near the 1.000000 mark and this may be considered a strong barometer short term for Cardano. However, the token has traded beneath this depth only a few days ago. If ADA/USD is able to sustain a value below the 1.000000 juncture traders will need to consider the potential that Cardano may be ready to test values not seen since the second week of February of 2021. The current price range that ADA/USD is traversing is dangerous because if the current values are not able to be sustained and February prices from last year are seriously challenged, then ADA/USD could test the electric fast conditions which saw it climb in value from nearly 40 cents at the end of last January until hitting the one dollar per token value in the third week of February 2021. ADA/USD remains stuck in a bad bearish trend. Traders who are tempted to believe ADA/USD has been oversold and remain optimistic about upwards momentum are urged to use stop losses if they want to wager against the prevailing trend and look for upside. Speculators who want to sell ADA/USD cannot be blamed, but they may want to use quick hitting take profit orders so profits do not vanish via reversals which go against their short positions. ADA/USD is volatile and risk management is crucial. Traders who decide to speculate on Cardano under the present conditions need to remain realistic about their price targets.
AShort
by SmoothJB
2
ADA (CARDANO) STILL BEARISHADA (CARDANO) is most probably still in the correction phase as a WXYXZ. It will most probably finish around lower channel support. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #ADA #CARDANO
Short
by anantadhungana
Good Time to Buy ADAUSDT for LongTerm Profit.Please support my work by clicking the LIKE button(If you liked).Thank you! Support and Resistance clearly mentioned on the chart. As you can see that ADAUSDT is breaking a falling wedge , so be ready for a bull move. What about me? Locally, of course, I would like to see this at $2 to $2.6 if it breaks the resistance, it means that we are going to bullish once again and reach its all time high. if not, then there will be another local decline, what option will be - time will tell, im just waiting and holding my positions. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
Long
by zulqurnain312
ADA Flight for Cardano is provided, the only question is whitherWe are analyzing the "first order" from the voting under the idea of ​​"Bitcoin weekend №17" If you look at the ADAUSDT chart, you can see that the price is moving upward in a channel. And if we draw this channel by the highs and lows, we will see that the price moves exactly from border to border. Today the ADAUSD price has stopped at the level of $2.88 so far. The sellers did not even let them approach $3.00, because the channel border is a bit lower. In fact, in two weeks the price of ADAUSDT increased by x2 from $1.44 to $2.88 If you look locally, the breakout of the $1.50 level upwards took place on increased volumes and buyers did not even give a chance to test this level for strength from above. However, if you look at the entire movement of the ADA price in the channel, we will see that trading volumes are fading and over the last month they are just scanty in comparison. Now we would like to see a correction in the price of the Cardano token in the range of $1.73-1.93 , we will take the average price of $1.83 as a basis. And when and if the price reaches this zone, then we will analyze: the nature of the price movement, at what volumes the price movement will be and in general what mood will reign in the crypto market in the future. After this analysis, it will be easier to predict which further variant of the ADAUSDT price movement will be more probable. Since now, theoretically, there are equal chances for the price of ADAUSD to renew the maximum to the $4.30 region or to begin a deep correction to the $0.40-0.50 region. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
115