ADAUSD 1WADA ~ 1W 📈
#ADA This is a Support Zone that has been successfully retested. It seems quite interesting to make small purchases here with a minimum target of 15%+ 🚀
Cardano
ADA’s Price Spike 8% As Cardano’s Treasury Hits $1.5 BillionThe treasury of Cardano, a decentralized blockchain platform, currently holds a value of $1.5 billion, reflecting a growing confidence and support for the Cardano ( CRYPTOCAP:ADA ) ecosystem. This accumulation of funds is noteworthy due to the upcoming shift in decision-making authority regarding the use of these treasury funds. Unlike traditional centralized systems, which often involve a select few making decisions, Cardano ( CRYPTOCAP:ADA ) has adopted a decentralized approach to empower its community in determining the allocation of these resources.
Despite recent market challenges, Cardano's native cryptocurrency, CRYPTOCAP:ADA , has demonstrated notable resilience by rebounding 8%, indicating strength amidst adverse conditions. The price of CRYPTOCAP:ADA has been volatile lately, with a 20% plunge since April 12, which can be attributed to broader fluctuations observed across the cryptocurrency market. Nonetheless, despite the short-term fluctuations, technical analysis and historical trends indicate CRYPTOCAP:ADA 's potential for sustained growth, fostering optimism.
The current state of CRYPTOCAP:ADA showcases robust trading volume and open interest, indicating growing investor confidence in its future trajectory. Its current price stands at $0.49547, supported by a market cap of $18.2 billion. Additionally, Cardano's open interest has surged by over 7.43%, reaching $167.2 million. Investors are closely monitoring CRYPTOCAP:ADA 's price movements, particularly in light of recent turbulence in the broader cryptocurrency market.
As Cardano ( CRYPTOCAP:ADA ) continues to evolve and expand its ecosystem, the outlook remains positive, with CRYPTOCAP:ADA well-positioned to play a significant role in shaping the future of decentralized finance and blockchain innovation. With a clear focus on scalability, interoperability, and sustainability, Cardano ( CRYPTOCAP:ADA ) is poised to realize its vision of creating a more inclusive and accessible financial system for all.
(ADA) CArdano "green diamond strong long -- signal printed" There is a newly formed green strong long arrow that formed today. I only just now noticed it. Good sign.
4hr ADA is WeakRSI is resetting. Price action continues to drop while RSI climbs and resets. Likely another down turn coming this week. .30 cent ADA looks likely in the coming weeks.
Bitcoin to 110.000$hello guys and not guys.
we crashed days ago, but for me. we are going to touch the MA line that i wrote, and then will Bitcoin touch 100.000$
based on the last 3 halvings.
nothing more for today.
ah yes, use your power, always use your power, think that life is not what they told us.
(ADA) Cardano "Buy?"Some charts look better than others,. Cardano looks like to be dipping too low and should pop up in price, unless you believe Bitcoin is going to lose all of it's money invested after the halving. CCI says the price is primed for buying on most charts including ADA.
ADA/USDT show a bouncing from the support, potential back to UP💎 The recent market dynamics surrounding #ADA have indeed been quite notable. Currently, ADA is positioned on the support area.
💎 Historically, when ADA has touched this support area, it has exhibited significant upward movement. Therefore, there's potential for ADA to replicate this pattern by bouncing off the support and resuming its upward trajectory, possibly testing the bearish OB area.
💎 However, if ADA fails to sustain the support or bounce effectively, it could signal a loss of momentum and potentially lead to a breakdown below the support level. This would result in continued downward movement, possibly towards the Bullish OB area.
💎 At the Bullish OB area, a bounce and reclamation of price above the support level would be essential to resume the upward trend. If successful, ADA may have an opportunity to reach our target level. Conversely, if ADA fails to hold above the Bullish OB and breaks below it, further downward movement may ensue.
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Price is also oversold (RSI < 30) and could bounce up near-term. Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
(ADA) CARDANONext Phase? Could the next trend be even bigger than the three previously? Looks like that could be possible. How long will cardano slip, go sideways? Only time will tell. This picture is an imaginated outcome for the future of Cardano, and quite possibly all other altcoins, unless they don't apply, in example Solana (SOL).
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).
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ADA is gonna Reach $1 One way or another!!!Hi.
BINANCE:ADAUSDT
✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano Update: Growth Since Entering at Wave 4Since entering Cardano at Wave 4, we've seen a 30% increase and anticipate further growth towards the overarching Wave (1). Subsequently, as expected, there should be a Wave (2), which would likely result in a deeper retracement, potentially flushing some participants out of the market. However, there remains a significant upside potential until then. The exact peak of Wave (1) is yet to be determined. We've already secured some profits and have adjusted our stop-loss to our entry price to avoid unnecessary risk. Given our long-term investment in several altcoins, there's no need for greed. Should we surpass Wave 3 significantly, we anticipate a ceiling around $0.90. Rest assured, we'll keep you updated, especially if there's an opportunity to take profits beforehand.
ADA/USDT SPOT BUY SELL ZONES 13.03.2024I am pretty bulish about ADA , it left so much liquidity and few high time frame BPR's (balance price range/ double imbalances) during the last drop.
This BPR's are will be my take profit levels, only about 30% of my spot position will reach the ath (even if it ever will). It is possible target to reach but i am playing it safe.
Green thick bars are places to buy, for quick correction, deeper, and my favourite: correction for the entire upward movement. I will place there my orders waiting for quick wick
Bunching of Moving AveragesTypically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing on a 5day (can also be seen on a weekly).
Examples of this same bunching of moving averages can be seen on ETH, DOGE, BTC, etc. if you go back in time. Currently, Cardano is one of the only ones that is in this position.
ADA/USD: Wave 2 correction or something more sinister going on?For what it was looking like a very bullish 1/2, 1/2 setup last week, now has invalidated after price broke down below $0.45 today. However, it is still within the parameters of an expanded B wave and now a C wave for minor wave 2. The wave 3 of 3 of C has been incredibly strong as it should, and we should see a relief rally for wave 4 shortly. An incredible re-buying opportunity will present itself at the golden zone $0.35-$0.34 area but it must be with some caution. If price falls below $0.3, then the bearish scenario of this entire rally since last Oct being a 3 waves move becomes more probable and a more price breakdown may ensue to continue the intermediate Y wave toward $0.15. For now, I am sticking with the bull case and have some fiat ready to convert.
The Market Trend Has Recently Shifted DownwardIn the 4-hour timeframe of ADA, we previously observed an upward trend, which warranted the drawing of an ascending trendline.
However, the market trend has recently shifted downward, confirmed by the breaking of the first significant support, known as the blue box.
This area, previously recognized as the main support, has failed to prevent a price drop, resulting in a significant decrease in Cardano's price.
Given these conditions, the downtrend is expected to continue, and any price increases should be considered temporary and minor.
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders:That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Stop Loss (SL) level at $0.55.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Honestly, I don't feel like explaining, the chart says it all !!Hi.
COINEX:ADAUSDT
Chart is Speaking It Self!!!
Simple analysis...
The price has found the ascending channel support,Expect move up and reach the $0.80 level as the next target.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🐳Cardano will Go Up Again🐳Hi.
BINANCE:ADAUSDT
✅Today, I want to analyze ADA for you in a 12h time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .also a bullish Divergence (RD+) on MACD which shows Positive Signs for CARDANO.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
🟢 Bullish Divergence
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano about to explode - The last downside moveADA is getting the first time test since 120 days of breaking out of the downtrend that lasted for 690 days, all eyes on ADA, a clear reversal on the daily chart:
ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈
In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes!
Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain.
This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle.
According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution.
The aim is to conduct elections with increased transparency.
It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes.
At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely.
The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting.
Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano.
But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum.
The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime.
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CryptoCheck
BINANCE:ADAUSDT
ADA: trade by breakout📊Analysis by AhmadArz:
🔍Entry: 0.571
🛑Stop Loss: 0.553
🎯Take Profit: 0.588-0.604-0.622-0.632
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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ADA: Descending Triangle BreakoutTrade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. Bullish breakout from a Descending Triangle pattern could see price swing up to $0.65-$0.68 near term and possibly $0.80 thereafter. Stop Loss (SL) level at $0.55.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
