ADA/USDT Daily: 30% increase is coming?All explanations are clear on the chart
If you have any questions, ask in the comments
Thank you
Cardano
ADA - Long Trade Entry• ADA’s strong move up yesterday left only one demand zone on the 1H timeframe. Therefore, I am basing my entries on a retrace to support. The SL is pretty wide, so I don’t recommend leverage on this trade.
• Please be aware that a retrace to 0.30 USD is on the table, at least on my opinion.
Trade Idea:
• Entry: 0.33
• SL: 0.298
• Target: 0.46
• R: R: 1:5
• TP: 0.345, 0.38, 0.41, 0.46
ADAUSDT LONG IDEA"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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ADA Cardano and the Altcoin Season ThesisIf you haven`t sold ADA here:
Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ADA Cardano, for which my price target is $0.45.
Looking forward to read your opinion about it!
The 0.4080 point is the divergence point of the rise and fallHello?
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(ADAUSDT chart)
This rise did not turn the trend into an uptrend.
Therefore, I think that the movement to switch to an upward trend will begin only when the price rises above the 0.3032-0.3731 section and maintains it.
I would expect the price to hold above 0.4080 to start a full-fledged uptrend.
The timing of purchase is important for investment, that is, trading, but in the end, you must think about the increase compared to the investment period and decide.
In that sense, if it rises above 0.4080, ADA is a good coin to trade from a mid- to long-term perspective.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ADAUSD crossed over the MA200 (1d). Buy signal.ADAUSD crossed over the MA200 (1d) after 5 weeks under it.
The main pattern is a Channel Down and the last time the MA200 broke after a bottom, made the price peak near the 1.382 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.44000 (under the MA200 1d).
Tips:
1. The RSI (1d) is overbought. The other two times it reached that level this year, one was at the start of an uptrend (straight after crossing above the MA50 1d) and the other at the end of the uptrend (but the MA50 1d has been broken much earlier). This time the MA50 (1d) just broke today, so it is more likely that we are still at the start of the uptrend.
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⚠️ Beware of what you invest in ⚠️There is no investor for this coin
just noises
i dont like fundamental, full of lies
ADA Cardano Buy TF H4. TP = 0.3338On the 4-hour chart the trend started on June 10 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.3338
But do not forget about SL = 0.2161
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
⚫ LTC usdt - Weekly ⚫🔵 #LTC usdt
⏰ 1W
⚪ As you can see, the price has broken dynamic resistance and static resistance.
If fixed above $100, $130 is available.
🔴 Support and resistance are shown in the chart.
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📛 Follow the market trend and decide to buy or sell.
⚠️ (This isn't a signal for buy or sell) ⚠️
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👸 Analyzed by : Parisa_Alipoor
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Cardano on a riseHi guys, let's look at the current situaition on Cardano.
Cardano stays in a narrow range of 0.25-0.3 for the past couple weeks. it shows positive dinamics and slowly climbing to 0.3 resistance. Everything is indicateing that ADA at least will try to break this resistance but it might be fake breakout, so need to be careful.
If Bitcoin goes above 32k than we can expect Cardano breaking 0.3 resistance and going up to the next resistance at 0.35.
But mid-term I'm not so optimistic about Cardano. Even that at the moment price goes up and probably there will be breakout, I still think that we'll see Cardano under 0.25 mid-term.
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🔥 ADA Worst Case Scenario: Be Prepared!In this analysis I want to take a look at my personal worst case scenario for Cardano: a parallel channel. Keep in mind that this is not my most likely outcome, but something I'm just watching.
The channel is constructed by taking the top resistance (with three touches) and attaching it directly to the COVID sell-off lows. By doing this we construct a parallel channel with a clear support and resistance structure. The bottom support has not been retested, so we can't guarantee that the market will accept this support. If ADA will actually move towards the bottom support, it would mean that we still have 40%-30% more downside ahead of us.
Still, I'm confident about two things:
- The market will find some kind of support. Whether it will be the definite market lows remains to be seen.
- Buying from this support will offer great long term opportunity, even if it's not the bear market low.
What is your prediction for ADA? Share your thoughts in the comments 🙏
Cardano ADA can show new dipHello, Community!
Let's continue analyze crypto assets using SmartBot. I will remind you, this is an automatic trading strategy which defines the dynamic support and resistance levels, adjusting entry and exit points according to current market state. Today it's time for my favorite altcoin CRYPTOCAP:ADA .
On the ADAUSDT price chart we can see that since start of July SmartBot have already succesfully closed to position in profit. It had two entries at $0.287 and $0.27 using DCA approach. Notice how perfectly the second level corresponds with the local bottom. After that the bounce has ended exactly at the dynamic resistance level which has been defined by the strategy.
After closing the trades script has generated the base, which is pointed out as old base, but this base was not valid becuase we have the current base formed before reaching any support level.
Now we have the new base at $0.283 which is about to be broken. In case of breakdown it's likely to see the dip to the four support levels. Support 1 is located at $0.276, support 2 at $0.268, support 3 at $0.255, support 4 at $0.233. When one of this support will be reached the resistance level is gonna be generated as well.
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Fluctuations, Resistance, and Potential Price LevelsOver the past week, Cardano experienced fluctuations within a specific range and demonstrated a consistent response to levels that were identified as support and resistance. The resistance level at $0.3050 continues to elicit negative reactions, but if market conditions remain favorable, it is possible for this resistance to be surpassed, leading to a potential increase in ADA's price towards the next range at $0.232. It is worth noting that the subsequent resistance range is expected to trigger a stronger negative reaction compared to the $0.30 range. Consequently, there is a possibility of further price decline, potentially testing support levels at $0.24 and $0.23.
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparisonUSD vs CRYPTO : macro look, usdt.d in the mix, alt comparison
wow lot here but some clear ish macro trends.
seems either 1 of 2 spots, once again. see the flags.
1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off.
2. dxy is done, loses this key support and rolls over giving risk on assets like btc a huge pump. in this case a % comparison for ADA (i think a good example of 'ave top alt performance') against btc is shown from that bottom. choose your alt wisely, hodl, and ye shall be rewarded.
looking like 2. to me tbh but iam obviously biased.
would love to also see what macro patterns you see here? seeing something different?
gl
Cardano reached very important resistanceHi guys, let's look at the current situaition on Cardano.
Cardano just reached very important resistance level at 0.3 but so far didn't manage to break it or stay above. As I indicated earlier it's good spot to look for a short but considering ovarall situation on crypto market I would wait and see what's gonna happen next. Bitcoin just broke all resistance levels and it's difficult to predict what move will be next. Considering that all altcoins follow Bitcoin I will be very careful with shorts at the moment.
Unlike Bitcoin and Ethereim, Cardano didn't manage to recover its recent losses and that's why I even more pessimistic about it. As soon as Bitcoin starts its fall, Cardano will run ahead. It will be good if Cardano manage to climb to 0.35 but it depends on Bitcoin. If Bitcoin won't manage to go higher than 31k than it's unlikely that we see Cardano at 0.35.
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ADA: Ascending TriangleCardano (ADA) technical analysis:
Trade setup : After a big drawdown to $0.25 support, price has been steadily recovering in an Ascending Triangle pattern. We wait for a breakout from the pattern, above $0.30 resistance, with upside to $0.35 (200-day MA) or even $0.40.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
adabunch of lines on this, waiting to see if this "double bottom" can form.
looking like could go, but from the start we have always thought about seeing .14 again. would be surprised if we didnt but if btc doesnt retest prev highs than i could see this skipping as well.
Cardano ADA potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ADA/USDT long
Entry Range: $0.26 - 0.29
Take Profit 1: $0.34
Take Profit 2: $0.40
Take Profit 3: $0.43
Stop Loss: $0.22
ADAUSDT - Bottoms In, Bullish EngulfingHi Traders, Investors and Speculators of Charts 📈📉
ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe.
After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in the weekly timeframe which is extremely bullish for Cardano.
We also observe a similar pattern playing out back in Feb 2020, when another long wick formed followed by a strong v-shaped recovery. This was the start of the next major bull run for Cardano.
Is the bullish price action on Cardano as a result of the recent Hydra update? 🤔
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CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD.P COINBASE:ADAUSD BINANCE:ADAUSD OKX:ADAUSDT.P KRAKEN:ADAUSD BINANCE:ADABTC
ADA – New Trading Range• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
BTC/USDT 1W TA: Bull or Bear?In case of breaking the current resistance level, which has had a lot of credibility in the past, and stabilizing the price above $33,000, we can hope to continue the upward trend and reach $45,000.
On the other side, with the increase in supply by sellers and the breaking of the upward trend line, there is a possibility of retesting the $20,000-$22,000 range.
This analysis will be updated...
Jun 26, 2023
ADAUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for ADAUSDT After hitting its first support line, the price was able to move towards its first resistance line. We are currently considering two scenarios. Scenario one: If the price is unable to break above the first resistance line and we see weakness in the trend, there is a possibility of a price correction. Scenario two: If the price is able to break above the resistance line and move higher, it is not expected to reach the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
CARDANO, The ADAUSDT analysisHello, traders!
My analysis of this chart is that; The price of Cardano has reached the supply price range in the market for the second time now, and market resistances (daily moving averages, 100 and 200) give us a signal of price correction.
my opinion is the minimum initial price increase in the next 24 hours is $0.3500 and then we have to wait for the behavior and reaction of the price to resistances.
I entered the market with a long trade.
Please note that investing in cryptocurrencies can be risky and you should always do your own research before making any investment decisions.
#ADAUSD #ADAUSDT #CARDANO
