CARDANO - Lower Timeframe Overview On the lower timeframe, we can see that we have 2 entry trendlines in place.
The orange trendline = Risk entry
The red trendline = Safe entry
Trade idea:
- watch for break of either trendline for entry
- once trendline broken, stop loss goes below price
- Targets: 0.38, 0.4, 0.46
Goodluck and as always, trade safe!
Cardano
ADAUSD Analysis 3Sep2023This analysis sees from the market structure that occurs. After Choch the price returns to bearish and there is a fake out. At present the price has not returned bullish, still in the correction stage. There is a possibility that the price touches the fake out area before continuing bullish. Take long when the price approaches the fake out area.
Short-Term ProspectsAfter breaking out of the triangle pattern, Cardano rallied to the $0.28 range with the support of its buyers and temporarily broke the $0.27 resistance. However, the lack of stabilization of the high price within this area resulted in diminished demand, halting the continuation of the upward movement. This retracement led the price to revert back to the range channel, and it now approaches the bottom of this channel.
Taking into consideration the current Relative Strength Index (RSI) level, which stands at 37, we observe a moderate but not extreme level of downward momentum. This RSI reading adds a layer of context to the price movement.
Looking ahead in the short term, there is potential for price growth to reach the resistance range of $0.27 before retracing towards the support range at the channel's bottom, around $0.24. The subsequent phase of movement depends on the favorability of general market conditions. If these conditions remain conducive, we can anticipate an eventual exit from the range channel, potentially marking a period of short-term growth for Cardano.
Once the range channel is exited, the short-term price targets encompass $0.30, $0.32, and $0.35, assuming continued positive market conditions.
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 ❤️
Cardano (ADA) - Breaking support towards a major zone?Cardano is at the bottom of its range, on important support. In the same way as other current assets, such as the Binance Coin, losing this zone could send ADA back into a lower zone down to $0.14-$0.17. This would appear to be a very attractive area for accumulation.
ADA - Excellent Zone to Accumulate NOWHi Traders, Investors and Speculators of Charts📈📉
A quick look at Cardano. First, let's establish the Macro Market Phase that we're current trading in. This helps manage realistic price action. ADA is currently in pre-bull market phase / accumulation phase, in other words it is a great time to accumulate for the rally to come with scattered buying orders.
However, this doesn't rule out the possibility of another shakeout or bear trap, where the price drops as low as 20c before starting a new bullish phase.
A look at the technical indictor confirms this for the short term, where we see a very bearish scenario on the daily in terms of Technical Indicator.
Worried about the recent drop in price across crypto markets🤔? Check out this idea :
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CRYPTOCAP:ADA BINANCE:ADAUSDT BYBIT:ADAUSDT.P OKX:ADAUSDT.P COINBASE:ADAUSD BINANCE:ADAUSD
✏️ $BTC : Bitcoin will see 27K again ?By examining Bitcoin in the daily time frame, we see that finally, according to our initial expectation, the price started to fall and has corrected up to $29200! If the price stabilizes below the $29400 low swing , we can expect further fall to lower levels! If this drop continues, its next targets will be $28,500, $27,100 and $26,100 respectively!
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Trend and Potential SwingsCardano exhibited a consistent overall trend last week, which suggests the possibility of this trend persisting. The price range of Cardano shows it has been moving between a resistance level of $0.27 and a support level of $0.24. The chart's dynamic resistance remains robust, with buyers unable to breach it. This increases the likelihood of a potential test of the lower boundary of the price channel.
In the context of the 4-hour timeframe, buyers have made few attempts to overcome the previous peak during the downward trend. As a result, price ranges below $0.25 are seen as areas where significant market participants are active, aiming to preserve liquidity. This makes it highly probable that the price will reach these levels.
A more specific support area, known as a reaction zone, is identified around the $0.234 mark. It is anticipated that Cardano could experience a positive upswing from this zone, potentially reaching the upper boundary of the range channel.
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.
ADA: Strong Sun ☀️, Market Shift Ahead ⛅️☔ Bearish Signs Cardano's current market stance is under the influence of a strong sun ☀️, hinting at potential changes ahead. According to ATTMO, an AI-powered crypto weather forecasting tool, this solar presence could signal a forthcoming market correction.☔
Investors and traders are advised to keep a watchful eye on Cardano's movements as it navigates these uncertain skies.
Follow us for more reports!
ADAUSDTThis is a 1D frame analysis for ADAUSDT The price of Bitcoin has tested its static support band for some time and is currently above the support line. The candle has started to move upwards with a shadow a few days ago, and we can expect a price increase, but keep in mind that as long as the price is above the support line, we can expect a price increase. If the price can maintain itself above the support line, it can experience higher prices for a long time. But don't be fooled, it is possible for the price to go slightly higher and be pushed back by selling pressure and experience more volatility. We have mapped out support and resistance areas for you dear friends so that you can use them in different situations.
ADAUSDT → Let's take a look togetherhello guys...
let's check this coin together.
in 4h time frame, this coin engulfed the last higher high but it is on the descending channel so it is risky for getting a long position now.
we can wait until the breakout happens.
what this coin is doing in the upper time frame?!
the bearish trend in a daily time frame:
the bearish trend in the weekly time frame:
what do you think about this coin?!
hold it?!
ADAUSD: Looking to buy again.I am a big fan of Cardano/ADA. I was fortunate enough to get in at the absolute low a couple of years back and ride a spectacular 15-18x wave before getting rid of a big chunk of it. Now at a 90% discount I am buying chunks whenever it is below $0.25. Right now, the probability is to break that floor for one last flush down. I will have some limit orders setup on the trendline and fib level on hope those will hit. I am willing to not set a stop loss on this as I will be holding for a really long time. I am putting back less than half of what I made in the last run (well, after the tax I paid, maybe just putting back the original to add to a still profitable bag), so I can afford sit out the turbulence. I have high hopes this will bear fruit eventually.
ADA - Short Entry TriggerI entered a short here on Cardano. Showing signs of weakness after a solid pump. A healthy retracement seems like a higher probability outcome.
Looking to take profit right above the #GoldenPocket
1.5% Risk on trade
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Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
ADAUSDT (Cardano) Potential Bottom Formation Explored💎Attention, Paradisers! An imperative update on #ADAUSDT is here. We've pinpointed another pivotal bounce off the support for #Cardano. Following a verified daily dip below the 61.8% Fibonacci support, the trend persisted in its descent, aligning with our preliminary predictions.
💎With this support breached, our gaze is set on #ADA approaching our lower target at the dual Fibonacci support. Yet, the previous day's decline halted precisely at the 88.6% Fibonacci support, casting shadows on the prospects of a further downward trajectory.
💎If this support remains unyielding, it could herald an optimistic turn in #ADAUSDT's price movement, possibly marking the nadir of the prevailing downtrend. However, for a trend reversal to gain our stamp of approval, we're keenly awaiting a breach and subsequent closure above the resistance thresholds of $0.35 and $0.38.
💎Such a move would amplify the chances of a medium to long-term bullish wave. For the time being, our focus remains unwavering on the current support, which might just be the linchpin for long-term stability. Stay vigilant, Ladies and Gentlemen of ParadiseClub!
Cardano just broke 0.3 levelHi guys, let's look at the current situaition on Cardano.
So, Cardano finally broke 0.3 support level and this was expected. Now there is only one path to 0.25 support level. Probably, ADA price will stay around 0.3 level for a while and then will slowly drop to 0.25 level. One way or another 0.25 is the next big stop for Cardano.
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Many thanks.
BITCOIN SHORT TECHNICAL POINT OF VIEW
From technical analysis point of view I would say that in next couple of weeks we can expect that price will reach 33.000$. Everything above 33.000$ is my area for placing sell orders.
There are gaps which has to be filled.
Every trendline should have at least 3 touches.
From my analysis I can see that gap fill, perfectly connects with the 3rd touch of upper trend line.
These gaps fills are also at 18.380$ ,14.280$ and 12.480$.
12.480$ is my target for next next couple of months.
PSYCHOLOGICAL POINT OF VIEW
Put yourself in head of other investors.
Ask yourself:
How are they thinking at this moment?
Where they are placing their orders?
Are they placing buy orders or sell orders?
Are they expecting lower prices or higher prices?
.
.
.
I would say that currently we are in the phase of uncertainty. We need big push to the upside or big push to the downside to "trick" investors aka. create manipulation of the market which will cause placing more orders on false short term pump or dump which will reverse in much bigger move in right direction.
FUNDAMENTAL POINT OF VIEW
Regulation of cryptocurrencies will definitely affect markets. A lot of crypto projects will die through regulation process. I think we will hear a lot of bad news coming out before we start a new bull run.
We need capitulation (big fall of prices) which usually is more than 30% in a single month.
This capitulation will be the answer of bad news coming out.
This is only my opinion what we can expect in next couple of months before new bull run. Nothing in this post should be used as financial advice.
ADA USD ideaDude, it's a wild ride out there with options aplenty and crazy potential for gains. But check it: before we ride those bullish crypto waves, we're waiting for the dollar and equity market showdown to unfold. Once that's in the bag, crypto's gonna be the ultimate epic mover, catching those waves like a pro surfer carving up a perfect swell. So hang tight, keep your eyes peeled, and get ready to shred those crypto gains once the stars align, man! 🌊🏄♂️🚀