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Adausdtrading

ADAUSD: 1W MA50 holding. About to explode parabolically to $5.00Cardano tested last week and held (closed the 1W candle over it) the 1W MA50 for the first time since October 2023. The 1D technical outlook is oversold (RSI = 29.115, MACD = -0.050, ADX = 36.349) and the 1W timeframe bearish (RSI = 44.076). The pattern it is printing though is very much like September 2020, when after successfully holding the 1W MA50, it started rising again until it broke out parabolically above the HH trendline. The Cycle top was formed a little under the 1.236 Fibonacci extension. Consequently we are targeting the same symmetric Fib (TP = 5.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ADAUSDLong
by InvestingScope
1
ADAUSD: Buying not over yet.Cardano has turned overbought on the 1W timeframe (RSI = 79.294, MACD = 0.031, ADX = 45.270) being on the strongest weekly candle since the previous Bull Cycle and the August 9th 2021 week. Despite that, the market doesn't seem to be done buying as the pattern is an Ascending Triangle whose HH top is exactly on the 1D MA200. Those two along with the R2 level (0.6865) of the May 30th 2022 High make a Triple Resistance Zone. Consequently, if the R1 level is crossed, we will buy the breakout and target just under this Triple R Zone (TP = 0.67500). After that, the market may seek potentially a technical relief pullback to at least the 0.236 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ADAUSDLong
by InvestingScope
ADA triangle structure target 0.282h time frame - From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1) Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure. Taking trendline breakout into account, see this triangle as continuation structure is better, and we might see one more test on triangle bottom. TP: 0.28 / 0.29~0.3 SL: 0.2515 - ref.1
by EthanTW
ADA LONG HOLDADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone. Cardano blockchain is in the actions of implementing Vasil Hard Fork in beginning of the summer (June of 2022) we already saw first stages and after every one of them being implemented price risen so as Cardano blockchains TVL. This Hard Fork implementation will allow it to deal with more dApps and improve users experience also NasdaQ has listed Cardano as one of the coins to buy and hold forever, so once this Fork will be launched in the market we should see price sky rocket. Target 2.368 Invalidation: 0.778 Entry: 0.97
COINBASE:ADAUSDLong
by vf_investment
1
Very Cheap CARDANO / ADA 3.05 $Bitcoin and Ethereum are falling, the island does not fall. Let's not neglect to collect Fruits that will appear as Peak to Us when Btc and Eth de fall. Get tp. Stop-loss = 1.96 $ There is a high chance of winning. But it is still affected by the rise and fall of bitcoin. When the time comes, no one can afford to pay $ 3 within 4 hours at most. The money entering Cardano is generally fixed inside, the market does not go below a minimum of $ 35 billion Their investors are solid, so they don't take the act of short selling. A coin is not short-selling, it always increases, albeit slowly. I suggest you read my old articles. I don't think it will go below $ 3 in the future, not investment advice. But be careful when buying for the first $ 3 visit. If he enters full bull, his first goal is $ 4, his next target goes up to $ 12-14. Do not forget to take Tp and set your Stop-loss.
Long
by TraderEtc
ADAUSDT - support level Will support hold up? A break in the trendline will be a signal to open a trade. waited for the level retest. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
39