Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT
On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend.
To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control.
Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384.
This technical outlook remains valid as long as the price stays above the support area at 0.4158.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano.
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Adausdtshort
Altcoin Season Cancelled? Cardano Faces 30%+ CrashHonestly, most altcoins are stuck in a bearish rut. We haven’t seen any of them making new highs instead, they're hitting fresh lows. BINANCE:ADAUSDT is no exception, staying stubbornly below the EMA200 line. So, the talk of an alt season? We’re not buying it. Let’s zoom in on Cardano and see what’s really going on.
On the daily chart, Cardano is digging in below the EMA200 line and the bearish trendline, reinforcing the strong bearish trend. A rising wedge pattern had formed, but instead of breaking out, it got hit with a series of heavy bearish candlesticks. And just to keep things interesting, the MACD has thrown in a bearish crossover for good measure.
Recently, Cardano took a nosedive, breaking out of the rising wedge with a surge in trading volume, not exactly what the bulls were hoping for. To add insult to injury, the MACD line slipped below the signal line, signaling that the bears were tightening their grip.
With all these bearish signals lining up, we’re eyeing a possible slide toward Target Area 1 at 0.2506 or even a deeper dip to Target Area 2 at 0.2197. These targets are mapped out using the Fibonacci ratios of 1.272 and 1.618.
However, there might be some hope for the bulls if the price breaks above the resistance level at 0.3815.
Disclaimer: "This analysis is purely for educational purposes and shouldn’t be taken as a recommendation to go long or short on Cardano."
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ADA will create a chance to turn your life aroundHello friends, did you have a good day?
I'm going to show you a shocking and amazing chart today
It's a log-chart.
There's a way to read the ideas of the forces by applying a little bit of technology in the Fibonacci extension.
It's the SECRET of 0.1 and 0.236
0.1 and 0.236 are places where there is a fight between selling and buying, and have consolidation.
When it breaks out 0.236 upward, it can reach 0.618 (5.3135) and If it succeed in retesting beyond that, it can reach the 1 value of 38.3173.
If you take a long position at a 10x from the current point and chart goes to 1 value,
ADA Faces ☁️ - Time to Short? Most altcoins face bearish trading conditions in the next 24 hours, ADA included. Over a one-week horizon, these bearish and cloudy trading conditions will spill over to Bitcoin which is likely to face downside risk, just as Ether, Ripple’s XRP and Cardano.
“The Cardano network has no meaningful use or any credible track to get it,“ according to K33 Research, singling out the fact that there are no stablecoins issued using the Cardano blockchain.
“No USDT or USDC in a network generally means that no meaningful decentralized finance (DeFi) occurs, and that Tether and Circle attest to this because if something went on, they would issue stablecoins there,” the crypto research consultancy said.
“All price signals also point to Ada gradually disappearing from the crypto map. Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved, which is a strong indicator of a dying coin,” K33 Research warns.
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#ADAIn the supply area, it has entered the corrective phase with a retest, which can return up to 100% of the wave. Currently, if there is a negative reaction to the second box, it will turn red until the specified areas enter the sell position. In addition, this analysis will be invalidated if the upper red box of the bullish candle closes.
Sell on resistance (ADA)📊Analysis by AhmadArz:
🔍Entry: 0.522
🛑Stop Loss: 0.532
🎯Take Profit: 0.512
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Cardano(ADA) Long Term Analysis Hello my friends, How are you doing?
It's a new day and I want to talk about Cardano to you.
Actually, I really like this asset. But at this price, it's so dangerous to buy.
I want to show you where is the best place to buy and Hold and what's the Final target.
As you understand it's a big scale about Cardano.
So don't forget to Like 👍, share with your friends 🤝, and then Follow ✌️ me to be able to see my next analysis.
Did you do that? So, let's go.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied.
Ladies and gentlemen, let me introduce Cardano and the best zone to buy 😍😍
I want to analyze Cardano in Weekly Time Frame.
Before that, I want to remember It's not financial advice. so, just see and think about it.
I'm just sharing my view and opinion of the chart. Please do your own research.
Everything changed when we lost 0.33 USD in Cardano 🤷🏻♂️🤷🏻♂️🤷🏻♂️
As seen on the chart The price is so close to the first Support zone in 15-17 Cent and I expect the price to react to this support. But it's not the End of the movement. I expect the price to go up and then drop again. because the main correction has not ended.
The Second zone is between 8-9 Cent and it's the best zone to buy and hold Cardan for a long time 🧞♂️
Everybody who buys in this zone will be rich. Because from 0.09 To 10 USD.
It would happen around April 2024.
There is too much distance and I want to tell you and huge profit is coming. I mean it's more than 10000%. Such a wow.
As I told you my final target for Cardano is 10 USD 😍😍
So, don’t miss this chance.
We will enter into the depression zone soon.
Please be patient and put your order carefully.
We will never see this price anymore.
Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments.
Wish you health and wealth 💶
I hope you will fulfill your ambitions.
Sincerely Yours
Ho3ein.mnD ❤️
ADA SCALP SHORT SIGNAL Hello dear friends,
In the 15-minute time frame, Cardano has shown a potential setup for a suitable short position.
I am in a hurry to share this post since it is a scalp position, and there is no time for detailed explanations.
Wishing you success and profitability.
Be sure to consider risk management and capital preservation.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3043
TP: 0.2829
SL: 0.3226
Bias: Short
The value example of these instruments is getting more reach bound and offering less degree to take a greater or striking directional advances. The cost levels are scarcely getting broken because of absence of enthusiasm on the lookout. We want to look for open doors from the failures that exist on the market.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3502
TP: 0.3381
SL: 0.3592
Bias: Short
The value example of ADAUSDT has a sign for a short exchange. Taking into account the unique opposition that go on north of half a month, we plainly see that we can get a high likelihood short trade from the ongoing cost projections.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2925
TP: 0.2836
SL: 0.3006
Bias: Short
The cost is blocked and merged in a zone. The selling pressure is likewise high. We can expect a short exchange from the ongoing cost setting considering different value levels and backing and opposition investigation, we are for a short trade.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2917
TP: 0.2830
SL: 0.2987
Bias: Short
This is one more intriguing instrument with regards to the crypto vertical. Presently the cost is wavering at a help level and hanging tight for a leap up. Given the ongoing setting, the likelihood of getting a beneficial exchange is self-evident. As we see the normal move is approaching . Also, the move will be emphatically upheld by the cost dismissal at help level .
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2870
TP: 0.2709
SL: 0.3014
Bias: Short
The cost is clogged and solidified in a zone. The selling pressure is likewise high. We can expect a short exchange from the ongoing cost setting considering different value levels and backing and opposition investigation, we are for a short trade.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2963
TP: 0.2817
SL: 0.3098
Bias: Short
Our bias is short for this pair. We are not confident about any lengthy open door as of now. The ongoing value course will be twisted towards short inclination soon. For this instrument our inclination is short. We see no vertical or bullish positive thinking from the ongoing cost activity continuation. So we project a bearish opportunity.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2749
TP: 0.2489
SL: 0.2937
Bias: Short
Giving continuous or future estimates for monetary markets is troublesome. It is critical to take note of that monetary business sectors are exceptionally unique and dependent upon a large number of variables that can influence their developments. Therefore, it is preposterous to foresee their future exhibition with assurance precisely. We have given our all to extend plausible heading on the diagram
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.2834
TP: 0.2554
SL: 0.3058
Bias: Short
Right now the crypto matches are attempting to take a directional predisposition . However the strength of the matches don't appear to be furnished with sufficient solidarity to slide away to a specific divert in up or down course, our projection depends on current investigation of dynamic help and opposition .