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Cardano

ADA/USDT Bullish Scenario Incoming !!💎 At present, ADA is undergoing a retest within its supply zone, hinting at a potential move downwards towards the demand or Bullish OB region between $0.270 - $0.253. Should the price touch this zone, we could witness a bounce-back, propelling ADA towards an upward trajectory to challenge the resistance trendline and the subsequent supply zone. 💎However, if ADA swiftly breaches the supply zone and firmly establishes above it, it might skip the demand zone altogether, setting its sights directly on the resistance trendline and the supply points at $0.379 and $0.428. 💎On the flip side, should ADA fail to hold the Bullish OB, it's plausible for it to carve a new lower low, indicating a deeper descent. 💎 Paradisers, keep a keen eye on these potential market movements! 🌴
by MyCryptoParadise_Nathan
ADAUSDT Price Dynamics and Potential Bearish Signals💎In recent times, #ADAUSDT has witnessed a significant price spike that caught many sellers off guard. However, it is crucial to delve deeper into the price action to gain a more comprehensive understanding. Could this sudden surge be a stop-loss hunt, designed to shake out the bears before a major price decline ensues? Let's explore the evidence. 💎 One notable aspect is the recent price action, specifically the bounce from the 200 Exponential Moving Average (EMA) on the daily chart. This serves as an intriguing signal, suggesting a potential reversal. Moreover, we observe how the price spiked above the EMA, reaching the supply zone, but was ultimately unable to surpass it. This observation underscores the significance of the $0.38 supply zone, as it continues to maintain the long-term bearish trend for #Cardano. 💎 Additionally, #ADA remains within the confines of a descending channel, providing further validation of the prevailing long-term downtrend. With this in mind, it is prudent to anticipate a minor upside pullback before a substantial drop occurs. This potential pullback could elevate the price to the $0.35 level, which aligns with a double Fibonacci resistance, adding strength to the expected price decline. 💎 Looking ahead, the anticipated drop could be as significant as a 50% decline over the coming weeks or months. The key support level to monitor resides at $0.1767, further reinforced by a double Fibonacci level, as illustrated on the chart. As Paradise Club members, it is crucial to remain attentive to these developments. 💎 In conclusion, the MCP team is diligently monitoring the current pullback, seeking the optimal entry point for a short trend strategy. As always, we are committed to providing timely updates and guiding our Paradisers toward informed decisions amidst the evolving market conditions. Stay tuned for further analysis. 🌴
Short
by MyCryptoParadise
Cardano staying above 0.3 levelHi guys, let's look at the current situaition on Cardano. There is nothing much changed on Cardano since my last idea. ADA price is still fighting to stay above 0.3 support level and it's good sign for the bulls. But the only problem here is that Cardano's price is falling faster than growing. The ADA price is showing that it's unable to rise to 0.35 level and it's keep trading just above 0.3 support level. In case if Bitcoin price drops under 29k level then we surely will see ADA price dropping under 0.3 level. Overall I'm still bearish on Cardano as its price unable to show any signs of life. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
2
Bullish Signals for ADA Amidst Neutral RSIDuring the past days, ADA has reacted positively to its second support in the range of $0.30, and selling pressure has decreased on this support. The RSI level on a daily timeframe is currently at 52, suggesting a relatively balanced state of buying and selling pressures, neither indicating overbought nor oversold conditions. The downtrend line drawn on the chart has been broken, indicating a potential shift in the market sentiment. However, despite this breakthrough, the buying power has not been enough to push the price up significantly, and there is still no strong indication that the price of Cardano is going up. For a more convincing bullish scenario, a strong signal would be to see ADA break the resistance of the $0.32 range again and stabilize the price above this level. In this way, Cardano's higher targets will be in the range of $0.36 and $0.38. But until then, another downward swing from Cardano may be seen, and the RSI at 52 suggests that the market sentiment remains relatively neutral. The fluctuation may continue until the starting range of the last bullish spike candle, i.e., the price of $0.289. If we see a positive reaction from this area, combined with an increase in buying pressure and a potential rise in the RSI, we can expect the growth of Cardano again. In summary, the recent positive reaction from ADA's support levels, the break of the downtrend line, and the RSI at 52 indicate a somewhat balanced market. To confirm a more definite upward movement, breaking the resistance at $0.32 and observing a potential rise in the RSI will be crucial. Until then, caution should be exercised, as the price might experience fluctuations and may retest the starting range of the last bullish spike.
by MonoCoinSignal
6
Thoughts on CardanoHi guys, let's look at the current situaition on Cardano. After recent price spike on Cardano its price went for correction phase testing 0.3 support. It seems like 0.35 level will be unbreakable for Cardano price in the near future. I expect that ADA will try to break it several times, sometimes even make fake breakouts but overall I don't think that Cardano price will manage to stay above this level. Anyway I'm pretty much sure that ADA will stay above 0.3 mid-term and will be trading within 0.3-0.35 price range. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
6
✏️ $BTC : Big PUMP or DUMP ? (READ THE CAPTION)By analyzing Bitcoin in the daily time frame, we see that the price has been trading in a netural zone in $30,000 for the past 3 weeks! This area was one of the important supply zones that we expected to react to and this happened several times, now the price will probably start its next movement between 3 and 7 days and this movement will probably be powerful! The first scenario is maintaining the support of $30,000 and moving and stabilizing above $32,000. If this happens, I believe that the price will grow to $37,600 to fill the liquidity viod (LV) that was created a year ago! Otherwise, the next scenario will happen when the price loses the $30,000 support, and in this case, the price will probably fall to $26,700 as the first target! Consider these scenarios! This analysis will be updated! The Main Analysis in 5120*1440 Resolution (8K) Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
COINBASE:BTCUSD
by ArmanShabanTrading
30
Cardano ADA price at a crossroadsAt the beginning of the year, ADA holders rejoiced that their coin was one of the first to break the long downward trend and that its price was expected to grow strongly. However, there were 5 attempts to break above the strong mirror level of $0.42-0.43 and all failed, so it turns out that "someone" was selling out. Did "they" know in advance that in early June, the SEC would say that Cardano's ADA is a security and that the ADAUSDT price would strong fall on the negative news? I would like to believe that this is a coincidence, but the crypto market is currently unregulated and anything can happen. We're keeping our "fingers crossed" that ADAUSD buyers will manage to break through and gain a foothold above $0.295. This will open the way for them to reach at least $0.36, and if they are lucky, the notorious $0.42-0.43. However, we must also admit that if you look at the global chart, you can see that the ADAUSDT price still has room to fall. For example, to $0.17-0.18. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
34
#ADAUSDT's Remarkable Bounce off Support and its Implications💎Yesterday, #ADAUSDT exhibited a precise bounce off the 227.2% Fibonacci retracement level, instilling strong hopes of an imminent trend reversal. However, caution is warranted as the price approaches a supply zone and remains below the downtrend trendline. At present, the market does not present the most secure buying opportunity, and sellers should remain vigilant. 💎In light of these factors, #Cardano needs to surmount the current obstacles to solidify its bullish intentions. Until then, we should anticipate range trading and a volatile price action. Nevertheless, it is only a matter of time before the price breaks, either below the support or above the resistance, signaling the opportune moment for MCP to take action. Stay prepared, Paradisers, as we navigate the path ahead. 🌴
Long
by MyCryptoParadise
ArmanShabanTrading |🟢 XRP/USDT : bull or bear ? Let's See !!!The important supports of the #Ripple are 0.4140 to 0.4440 and 0.37 to 0.3920, respectively, and the second level has a higher strength, now if the first support keeps the price, We can expect growth up to 0.5090 as the first target and then 0.5850 as the second target! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.27.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
12
ADA Trading Plan, July 16th – 22nd, 2023• ADA is one of the big winners following XRP’s legal victory. The chances of ADA being deemed a security are reduced. The probability of a new bear market low is diminished as well. • On July 13th and 14th, ADA had a massive price increase of over 30%. Currently, it is retracing to the liquidity pool it left behind. • The closest support level is the previous range high, at 0.305 USD. • The closest resistance is at 0.33 USD. Weekly Bias: • My weekly bias is bullish. IMO, ADA’s price was suppressed for a long time. It has a solid base between 0.27 – 0.30 USD. I do not think it will go lower than 0.285 USD. • My preferred scenario is for ADA to fully retrace the liquidity pool, find support on the previous range high, and continue to the upside. Regardless, most of the liquidity pool is already taken. ADA could continue up from this point. A long trade from the previous range high has a better chance of success (IMO) and a better R: R. Trade Idea No. 1: • Entry: 0.33 (S/R flip). • SL: 0.3169 (Daily low). • Target: 0.38 • R: R: 1:4 Trade Idea No. 2: • Entry: 0.305 (S/R flip). • SL: 0.291 (Demand zone). • Target: 0.38 • R: R: 1:5 NFA. What do you think? Please share in the comments. Best Wishes.
Long
by NewThoughtCrypto
2
0.3 intact is a must for bullsAfter the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a new local low. However, XRP news brought optimism also for Cardano and the coin rose strongly and unconquered 0.3, resistance at that moment. After the spike in the middle of the range, the coin has started to correct and is trading, at the time of writing, at 0.32. 0.3 is a very important figure now and is acting as support at this moment. Considering that, after the recent low, AdaUsdt formed an ascending triangle pattern on our chart and the recent break above the resistance of the triangle, things are technically bullish. A test of 0.3 could offer a nice entry for bulls with a 1:2 risk: reward if we consider a test of the upper boundary of the range and a stop loss at 0.25. However, a daily close under 0.3 would make the recent up break a false one and could lead to a drop, even to a new low.
Long
by Mihai_Iacob
SasanSeifi 💁‍♂️ADA/USDT👉1D 0.32 / 0.34 Hey there!✌ ◼In the daily timeframe, as you can see, the price is still moving between the range of 0.26 and 0.30 and remains within a consolidation phase. The scenario to consider in the daily timeframe is as follows: after the price range, if the price establishes itself above the resistance level, there is a potential for further price growth towards the supply zone at 0.32 and the resistance level at 0.35, potentially forming a new high above the previous high of 0.30.💹 For a positive trend in the medium term, it is crucial to observe the price's ability to sustain above the resistance level at 0.30. Otherwise, if the price fails to sustain and confirms lower in lower timeframes, we may once again face a correction towards the support zone at 0.26 and 0.25. In the case of a correction, for a better understanding of the continuation of the price movement, it is important to see how the price reacts to the support levels.💹 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ 🔶Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
Maintaining Support, Price Surge, and Potential GrowthADA has successfully maintained the lower boundary of its short-term ascending channel, leading to a significant price increase within the specified resistance levels. This upward movement exhibited rapid and substantial gains within a single daily candle. However, the resistance at the $0.38 range triggered a strong negative reaction, causing Cardano's price to decline to the $0.32 support level. Remarkably, the demand for Cardano surged once again in this area. These developments indicate that Cardano is now operating within a broader range trend, demonstrating positive and bullish momentum in shorter time frames. Upon analyzing the chart's resistance and support levels, two key support levels have been identified for Cardano at $0.32 and $0.30. By effectively maintaining these support levels, Cardano has the potential for further growth and a more comprehensive approach towards the $0.38 resistance level.
by MonoCoinSignal
8
Cardano is breaking all levelsHi guys, let's look at the current situaition on Cardano. Cardano finally managed to break 0.3 resistance on the news that Ripple partialy win in its court battle with the SEC. Cardano price almost reached 0.38 which is important for the price rise continuation. After such big rise there is some correction is expected after which there should be continue of rise. At this moment it's important for Cardano price stay above 0.35 in order to continue its rice. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy