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Cardano

ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. The breakout was successfully retested. Stop Loss at $0.44, just below the prior swing low. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. 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, then $0.75.
Long
by altFINS
💎 BTC/USDT - $47,000 Reached , What's Next ? (READ THE CAPTION) Bitcoin reached $47,700 ! As you can see, according to our expectation, Bitcoin finally managed to start growing from $42,000 and hit all the targets we had set for it! The price has already reached its highest price in a month and we have to see how the price will react to this important supply range (from $47,700 to $49,000)! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! The Main Analysis : 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
by ArmanShabanTrading
7
BTCUSDT|Support important demand areaHello friends, I hope you are well. Today, we were able to identify the market trend very well with forex analysis, I hope you have used it. Have a new update of Bitcoin. In the previous analysis, we expected to see a drop in our supply area, but the second scenario happened and our target supply area broke up. In the continuation of the updates that I posted, I specified a new demand area, which we saw upward movements with a drop in this demand area. Now we expect that it will continue to grow and reach the supply area that I specified, which is the area (45760-46360) . On the way up, there is also the FVG area, where it is possible to return from this area.
Long
by Golden_Star1994
6
Cardano Time? 📊🚀 Cardano's Critical Threshold: Will ADA Soar to New Levels? 🌟💹 Cardano holders, brace for impact! Our analytical journey has led us to a pivotal moment for ADA. Remember when the market was engulfed in fear and we warned of the 'zombie' at $0.25? Now, we're witnessing a remarkable turnaround. The all-time trendline painted in blue never got tested—instead, ADA rebounded with vigor on January 24th, bypassing the critical $0.4962 resistance level. Currently, ADA finds itself with psychological support at the 50-cent mark and strong technical support at $0.495, gearing up for a third and typically decisive test of the $0.679 resistance. What's beyond that? A breakout could send ADA on a parabolic run to $1.19, then $1.47, and even further to a formidable target between $2.7 and $2.9. The odds? A 64% chance of breaking above $0.68 and climbing higher. Yet, we still need to conquer this crucial level. This isn't merely a technical analysis; it's a narrative of Cardano's resilience and potential. As for my position, it remains firmly open. I'm not swayed by quick gains or pressure to close—this trade is a marathon, not a sprint. For those aligned with this analysis, consider this a prime re-entry point into ADA. As always, conduct your due diligence and trade in harmony with your strategy. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
4
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
Long
by MindPoison
CARDANO - Liquidity MasterCardano (ADA) exhibits a dynamic pattern of moving strategically between liquidity levels within a range. The cryptocurrency consistently capitalizes on liquidity shifts, alternating between shorting at the high range and going long at the low range. Utilizing manipulative tactics, ADA positions itself to align with market movements. The current expectation is for another liquidity sweep at the 4-hour timeframe level of $0.48, followed by a potential ascent to $0.60. 🔄 Range-Bound Behavior: ADA's price action is characterized by a recurring pattern of navigating within a range, tapping into liquidity levels for strategic positioning. The cryptocurrency adeptly maneuvers between short and long positions, taking advantage of market dynamics within the established range. 🚀 Strategic Use of Manipulations: ADA employs manipulative tactics to align itself with prevailing market sentiment. The deliberate execution of short positions at the higher range and long positions at the lower range demonstrates a strategic approach to leverage liquidity shifts for optimal trading opportunities. 🔍 Anticipating the Next Liquidity Sweep: The anticipation is for ADA to execute another liquidity sweep on the 4-hour timeframe, targeting the level of $0.48. This maneuver sets the stage for potential upward momentum, aiming for a subsequent rise to $0.60. The strategic use of liquidity sweeps is a key element in ADA's trading strategy. 💡 Trading Strategy: Traders observing ADA should be vigilant for the anticipated liquidity sweep at $0.48 on the 4-hour timeframe. Confirmation of successful execution and subsequent upward momentum could present favorable conditions for entering long positions. Implementing risk management strategies, such as setting stop-loss orders, is essential in navigating market volatility. 🔮 Future Outlook: The technical analysis suggests that ADA is actively utilizing liquidity shifts within its established range for strategic positioning. Traders should closely monitor the execution of the anticipated liquidity sweep at $0.48, as it may serve as a precursor to a potential rise to $0.60. The dynamic nature of the cryptocurrency market underscores the importance of adaptability and risk management in trading decisions.
Long
by AlexWhale
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. Stop Loss at $0.44, just below the prior swing low. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
Cardano (ADA) Bullish EW Count-In this EW count ADA is currently in a high time frame 5wave impulsive structure. -ADA has just put in its W4 at the log 0.382. -Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction. -Currently looking for W5 to take out $0.70. -Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1. -Could see an extended W5 that pushes up to $1 as this is the 1.618 extension from W1 -Once W5 has been put in, expect a bigger W2 to be put in. -I expect W2 to retrace between 0.5 - 0.786 ($0.45 - $0.30) -I expect W2 to last until Q3 - Q4
COINBASE:ADAUSD
by peytonfin2
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈 ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone. This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH ! If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by CryptoCheck-
1
ADAUSDT Close Examination of Precise Fibonacci Support BounceYesterday ADAUSDT price found a steadfast support at $0.4925, offering a front-row seat to a precise bounce off the 261.8% Fibonacci level. However, the plot thickened as the price briefly broke lower, only to stage a recovery and resume trading above the crucial support level. The unfolding narrative places a spotlight on today's daily closing price—a pivotal moment that could shape Cardano's trajectory. If today's closing price holds above the current support, we may be on the brink of witnessing a substantial rally. This isn't just about numbers; it's a tale of Cardano's ability to weather storms, find support in unexpected places, and defy downward pressures. The next chapters hinge on the closing price today, as Cardano enthusiasts eagerly anticipate a resurgence. Stay tuned, as the daily chart holds the key to unveiling ADAUSDT's next move in this gripping market saga.
Long
by CryptoPAMM
💎 BTC/USDT - Bullish or Bearish ? (READ THE CAPTION) By checking the Bitcoin chart in the 4-hour time frame, we can see that based on the previous analysis, the price grew up to the range of $42,200, and then faced a heavy fall and corrected up to $38,500! After that, the price started to grow again and now it has entered an important range of supply in the $42500 zone! If the price stabilizes below this supply range , we will probably see a further drop in Bitcoin! The second (Bullish) scenario becomes valid if the price penetrates above $43,500 and stabilizes, in this case, Bitcoin will reach higher levels such as $45,500, $45,900 and $46,790! 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
Short
by ArmanShabanTrading
7
When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions. It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465) If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher. As always, we are waiting for your thoughts in the comments below the idea.
Long
by P_S_trade
18
ADA's Descending ChannelCardano has exited the bottom of its trading range and entered a downtrend. This inference is made from the formation of lower highs and lows compared to previous ones, as well as the formation of a descending channel. Additionally, it is expected that the price within this channel will experience fluctuations. The blue box area is considered as a significant and credible support. If the price falls below this area and stabilizes under it, a considerable drop in ADA's price is expected. On the other hand, if this support area is maintained and an upward pattern is observed, it could indicate the potential for minor price growth up to the channel's ceiling. In conclusion, Cardano is generally in a bearish phase, but with the preservation of the key support area, there is a possibility for temporary growth.
by MonoCoinSignal
Can Cardano (ADA) Return to Its Upward Trajectory?CRYPTOCAP:ADA , like many other altcoins, is currently in a downward trend. The asset has recently broken through another support level, reaching a local low of $0.450. Given its strong correlation with CRYPTOCAP:BTC , a further decline in CRYPTOCAP:ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417. For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( CRYPTOCAP:ADA ). In such a scenario, CRYPTOCAP:ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
Short
by DEXWireNews
💎 ADA/USDT - Bullish Target Reached, What's NXT? (READ CAPTION)By checking the Cardano chart in the weekly time frame, we can see that the price entered the specified supply range based on our analysis and started to fall from 0.6140 and fell to 0.4866! This fall will continue if we stabilize the weekly candle below the price of 0.4650, in which case we can expect more fall from Cardano! Otherwise, targets above 1 dollar are not far from expected! 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
Short
by ArmanShabanTrading
3
Cardano: Resistance, Fibonacci Levels, and Potential BreakoutsCardano (ADAUSDT) has been a standout in the ever-evolving world of digital assets over the last several years. As I dig into its current analysis, we'll focus on key Fibonacci levels, resistance points, and potential breakout scenarios based on recent price movements. The insights discussed here should help you better understand the current state of ADA's market. Fibonacci Levels and Resistance One of the fundamental tools in technical analysis is the Fibonacci retracement, which helps identify potential support and resistance levels based on key price swings. In the context of Cardano's recent price action, we'll analyze the Fibonacci pull from the high to the low in June 2023. 1. Resistance at Around 60 Cents : Based on the Fibonacci retracement, there's significant resistance at approximately 60 cents. This level aligns closely with the 200-weekly moving average (200EMA), which often serves as a strong indicator of long-term support or resistance. A breach above 60 cents could signal a notable bullish breakout. 2. Confluence of Resistance : At present, Cardano faces multiple layers of resistance. These include the 200EMA, the 200-simple moving average (200SMA), and a downtrend resistance line, marked in orange on the chart. Such confluence of resistance levels often creates a formidable barrier for price appreciation. Overcoming these resistance zones will be a critical test for ADA's bullish potential. Potential Breakout Scenarios Cardano's price action, like many other altcoins, is influenced by broader market dynamics, especially the performance of Bitcoin (BTC). Here are potential breakout scenarios to consider: 1. Breaking 32 Cents : A breakout above 32 cents could pave the way for further gains, with 43 cents becoming a likely target. However, it's important to monitor the stability of this breakout, as a swift reversal could lead to renewed bearish sentiment. 2. Challenging 43 Cents : If Cardano manages to breach the 43-cent resistance level and hold it, this could indicate a stronger bullish momentum. At this point, reaching the crucial 60-cent mark becomes a more likely scenario, as overcoming 43 cents often acts as a catalyst for further gains. 3. Cautious Optimism : While a potential move to 60 cents is on the radar, it's prudent to exercise caution before speculating on higher targets like 82 cents. Market dynamics can change rapidly, and the cryptocurrency space is known for its volatility. Keeping a close eye on price movements, market sentiment, and broader economic factors is essential. --- Cardano's technical analysis reveals a dynamic landscape with significant resistance levels, particularly around 60 cents, where the Fibonacci retracement and the weekly 200EMA intersect. ADA's ability to overcome these hurdles will be closely watched. The cryptocurrency market is highly influenced by Bitcoin's performance, and any developments in BTC could have ripple effects on ADA's price. As you navigate this space, it's crucial to remain adaptable, conduct thorough research, and have a well-defined risk management strategy in place. While the prospect of reaching 82 cents may seem distant for now, market conditions can change rapidly, and Cardano's journey continues to be one worth monitoring closely. Stay informed and prepared for potential breakout opportunities, all while keeping an eye on the ever-evolving cryptocurrency landscape.
Long
by bitdoctor
2