Get started

Cardano

📈Cardano (ADA): Bullish Breakout & Potential Targets💸💎🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65 zone before entering a trade. 🚀The next resistance level for ADA is between $1.1 and $1.2. We can expect the price to at least touch this level, making it our first target. The next resistance level is at $3, which is the coin's all-time high (ATH). This level is likely to hold the price for some time and could be a good area to take profits. 📊On the positive side, volume has been perfectly in line with the trend since October 2023, confirming the uptrend. There is no bearish divergence on the volume indicator. The breakout candle also had high volume, which could be the start of a new uptrend. 🗯The RSI oscillator has recently entered overbought territory, which could lead to increased market volatility. The RSI could rise to a resistance level of 81.99, in which case our first target is likely to be hit. 🛑I recommend placing a stop-loss below the previous low of $0.45. This would give you a slightly tighter risk tolerance compared to the previous recommendation, while still maintaining a reasonable risk-to-reward ratio. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
Cardano weekly chart update👀👍Cardano weekly chart update We have a beautiful bullish break above the important volume POC at 0.45 dear #CardanoCommunity 👀👍 Here are my TP levels based on FIB retracements and please consider the lack of volume on the way up TP1 at FIB 38.2% 🟢 0.60 TP2 at FIB 50.0% 🟢 0.825 TP3 = $1 mark⚪️ TP4 at FIB Golden Pocket 🟢 1.20 Of course a bearish scenario always has to be considered - visit 0.23 again after a fakeout Less likely IMO😎 Comments💭, Likes♥️ & Follow🔗 appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:ADAUSDLong
by Crypto4Everybody
ADAUSD: Changing my EW count. Slightly more bullishThe price action between June and October last year as minor wave 1 and 2 bugged me a lot. The move between June 8 and July 14 looks like an obvious 3 waves. I tried to make it fit with 5 waves, but it was a stretch. The current price action is also an obvious impulse move. The leading diagonal idea is not valid any longer since the current price action moved up too high and in 5 waves. So, I had to go back and start to decompose the previous correction. If we go back to April 14, 2023, high and make that wave X correction high, then things fall into place with a much more prevalent triangle from April 14th to October 19th. So, the start of impulse is on October 19th, rather than on June 10th. In this count we can also assume minor degree waves 1 and 2 are also complete and the very powerful wave 3 of 3 of 3 should be under way. If this holds true, then my previous idea for loading up at $0.45 will not happen any longer. There should be a slight correction, but it cannot break $0.448. This will also mean price should go at the previous all time high in the next 3 to 6 months before any meaningful correction. In grand scheme of things, price will put in some kind of a cup and handle pattern in the macro timeframe. I was bullish before, but this count make me more bullish and with slightly higher targets. As long as price does not break below $0.448 between now and the end of this new 5 wave sequence, things are good to run wild!
BINANCE:ADAUSDLong
by mukit1
ADA/USDT Could ADA back to continue Upward or Go for downward ??💎 ADA's recent market performance is making waves, evidenced by a robust bullish candle on the daily close. This pattern suggests a potential resurgence in its upward trajectory, aiming for a significant resistance target. Investors and traders are closely watching this development, as a sustained upward movement could signal a strong bullish phase for ADA. 💎 However, if ADA stumbles in its ascent and fails to maintain its upward momentum, a shift in market dynamics could be imminent. Such a scenario probability would likely lead ADA to revisit and retest its support levels, a critical juncture for the asset. 💎 The support zone thus becomes a key area of focus. ADA needs to demonstrate resilience by bouncing back from this level to keep the bullish trend alive. A strong recovery from the support area would reinforce investor confidence and could reignite upward momentum. 💎 Conversely, if ADA is unable to hold above this support level and breaks down, it may trigger a slide towards lower support regions. This could lead to a more pronounced bearish trend, pushing ADA towards the next significant demand area. Therefore, the response of ADA at this support level is crucial and could dictate its short to medium-term market trajectory.
by MyCryptoParadise_Nathan
1
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide. February's Fantastic Performance: Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory. Surpassing Expectations: Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone. Challenges and Opportunities: However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA. Looking Ahead: As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance. Why It Matters: Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years. In Conclusion: Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
Long
by DEXWireNews
ADAUSD: Game on!!!ADA has made an unexpected move upward that has confirmed the next bull market. In my last analysis, I was keeping a leading diagonal count as the primary count. That also meant some serious corrections before the move up. However, ADA is making some great strides and the coin price is responding accordingly. If the June to July 2023 price action can be fit in a 5 wave structure, the rest fits in a very nice looking impulse. With this weeks price action, we have a full 5 waves structure on minor degree. It is extremely constructive price action for ADA and pretty much confirms a new ATH within the next 12 to 18 months. The pattern since June 2023 is looking like a raising wedge and most likely there will be a correction soon. But, there could be another 20-30% move before that happens. Depending on when the correction starts some re-entry targets can be set. I will be buying anytime price goes below $0.45. Once the current bullish sequence is complete, I will mark that as the intermediate degree wave 1 of primary degree wave 3. The next correction would be intermediate degree wave 2 which can last up to 6 months or about half the time taken for wave 1 (which has been almost one year). This will be last buying opportunity for ADA at the cheap in my opinion, because wave 3 of 3 will begin and we should see the most insane rise for ADA in its history. For now, i am prepared to hang tight and not worry until $0.22 is broken. That is the most critical level to watch.
BINANCE:ADAUSDLong
by mukit1
ADA/USDT Break Alert! Keep an eye on the support, Bullish Moment💎ADA has recently undergone significant market dynamics, breaking out of a key resistance level area. There's potential for the price to undergo a retesting phase, initially testing support around $0.68, before resuming its upward movement, potentially reaching our target area. 💎 However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout. 💎 In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area. 💎 ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.
by MyCryptoParadise
10
Cardano price might drop up to 0.3 price levelHi everyone, Cardano price didn't manage to break its local high at 0.68 and went in to a correction phase. ADA price already lost almost 30% from its local high and probably this number will continue to increase. At the moment the main support located at 0.46 price level but most likely this support won't withstand for long. In the near future I expect ADA price to drop at least to 0.4 support level but if we see dump on Bitcoin then most likely ADA price will drop even lower. Overall I expect slow downfall on ADA until Bitcoin halving happens and real bull market starts. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
10
ADA Elliot Wave Count: Wave 5 almost in!!!!!-ADA is in the Process of printing a high time frame (HTF) wave 1 (W1) -medium time frame (MTF) is in the final stages of printing its W5 -The 1-1 targets for price and time have both been broken. The next target is the 1.618, which is $1 by march 18. -On the LTF in order to reach $1 we would need to see a 5th wave extension to the 3-1 fib in time and price. -Price is currently interacting here with the 1.618. Additional TA -untapped monthly open/close + Log 0.618 at $1.14 -monthly naked point of control at $0.96 -Log 0.5 at $0.84 and 0.236 at $0.90 Put it all together and these are the targets
COINBASE:ADAUSD
by peytonfin2
1
Cardano Struggling?! $ADA has huge potential here!$0.635 resistance level for LSE:ADA is HUGE.... we've failed here 7+ times over the last 80+ days. Once LSE:ADA can close above/rip through this resistance we should see $0.77 quickly. WHY I love this trade is the WEEKLY chart! it has been building under this level for months and the weekly chart basically has a GAP to fill to get back to $0.77 without a lot of major resistance levels Swing Trade: Entry: I've begun an entry into LSE:ADA going long at $0.631 and looking to enter further on confirmation of a breakout. SL: Fails often so I'm looking to stop out around $0.60. **I may hedge/short if $BTC/ CRYPTOCAP:ETH start to pullback today or tomorrow while they hit resistance levels.
KRAKEN:ADAUSDLong
by DOpeTrades
ADA: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. That’s a resistance zone where it got rejected in late 2023. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, with +47% upside potential to $1.00 next, or 2) pull back near $0.46 support for another swing entry in Uptrend with +17% upside potential back to $0.65. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $1.00.
Long
by altFINS
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
4
ADAUSDT,🟢Still bullish...?!🟢(Details on caption) By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend. In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target. Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone. What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency. 💡Wait for the update! 🗓️25/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1