Cardano
ADA Head & Shoulder PatternHello Guys, Hope you are doing fine.
ADA is making a bearish head and shoulder pattern
We wait for the break-down of the neck-line with high volume for aggressive entry or if with low volume then a conservative entry on retest of the neck-line.
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Cardano non popular chart 💔Update:
Cardano non popular chart 💔
I HODL ADA for long-term
Looking on weekly chart without emotion and bias...
ADA might correct🔻much lower dear Crypto Nation
Even $0.095 or $0.053 would not be the end of future price gains - just Log-Fib
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
ADAUSD Rejected Three Attempts to Break Key Support#ADAUSD bulls holding strong at the $0.38 demand zone after three consecutive attempts to break below. But that's not all, a recent breakout above the downtrend trendline has added fuel to the bullish pattern. This is a clear indication of complete bullish domination, and we're excited to see where it goes from here.
But we're not jumping in just yet. We need to see a daily close above the current resistance before making our move. And when that happens, we'll be on the lookout for a buy trade setup, targeting a potential 10-15% profit.
Stay tuned for updates on #ADA and other exciting coins as we continue to monitor the market for potential trading opportunities. This is a time to be bullish, and we're ready to ride the wave!
ADA analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CARDANO - Catch This BIG Impulse!Cardano is setting up for a big impulse. We've recently seen the completion of wave 2 correction and broken out of that correction. We are now in bullish waters and seeing a nice deep retracement which is great news for us as we've got the bottom in place. This means the lower it goes, the better.
Trade idea:
- Safe entry on break of red trendline
- Stops below the bottom
- Targets: 1, 3, actively manage rest
Goodluck and as always, trade safe!
Cardano is looking for a SHORTHi guys, let's look at 1D price chart for Cardano.
If we look at 1D ADA chart we can see that the price being in big flat for the past 6 months.
There is strong resistance area at 0.4185 and strong support area at 0.3018. Between these two areas price is fluctuating for the past 6 months.
As I see it Cardano price is tending for short up to the support area at 0.3018.
Yesterday price touched another support level at 0.351 and from here correction is possible. But overall I think that price will go down to 0.3018 support area and even lower.
If this post is useful to you, you can support me with like/boost and advice in comments.
Bullish Divergence: ADAUSDT Journey Within the Symmetrical Wedge💎 Ladies and Gentlemen of ParadiseClub, exciting developments are underway for #ADAUSDT within the symmetrical wedge pattern!
💎 Our beloved #Cardano recently experienced an impressive bounce off the 327.2% and 61.8% Fibonacci support levels near the wedge's lower boundary. This precise rebound, accompanied by a bullish MACD divergence, emphasizes the significance of the current support.
💎 A break below this crucial level would have a significant impact on future price action. Conversely, if the support holds, we anticipate a potential move towards the upper boundary of the wedge.
💎 However, let's exercise caution as #Cardano is currently consolidating within this range. We eagerly await the breakout direction to guide our strategic moves. Stay tuned for more updates, Paradisers!
Analyzing the Shift in Sentiment for #ADAUSDT💎 In our previous analysis of #ADAUSDT, we highlighted the short-term upside potential as the price traded near the bottom of the range. Since then, we've witnessed the formation of a double bottom in the bearish zone, followed by a breakthrough to our projected resistance level.
💎 The sentiment has now clearly shifted towards a bullish outlook for #ADA. The price has not only broken above the previous higher high but also rejected our key support level at $0.36. Currently, the resistance level could potentially transform into support, as indicated by the potential rejection of the trendline.
💎 This is a critical moment for #ADA. If the trendline holds, it could mark the beginning of a significant upward swing. However, a break below the trendline may push the price back towards the key support, leading to further consolidation.
💎 It is essential for our ParadiseClub members to monitor this development closely. Should #ADA reenter the bearish zone, the probability of further downside movement will significantly increase. Stay informed and trade wisely, Paradisers! 🌴
ADA Short Time Frame Long SetupADA is looking bullish. Unlike most alts it did not completely lose its bullish structure even during the dips in the market. What I mean is that ADA is holding on to the upward trending line and doesn’t lose it for long on the higher TF. (Please read linked ideas)
On the 4H TF, I see that the 0.38 USD level acts as local resistance and ADA tested it as support on the 1H TF. If it will also clear the 0.386 USD level, it will also be above the diagonal trendline which will give the bullish case more confidence.
In addition, you can see an Inverse Head and Shoulders forming on the 4H TF which further supports the bullish case for ADA, at least short-term.
I have two trading ideas for ADA, an aggressive trade, and a conservative trade:
Aggressive Trade Idea:
• Entry: 0.3793
• SL: 0.3728
• Target: 0.3864, 0.42, 0.46
• R: R is not great if we assume that ADA did not finish the correction. If it has, great entry for continuation to the upside. Risky.
• If this trade is successful, I will not cash out completely because it may go higher.
Conservative Trade Idea:
• Entry: 0.3864 (after retest of trendline)
• SL: 0.3793
• Target: 0.42, 0.46
• R: R 1:5 to first target.
• Eventually I expect ADA to go a lot higher.
NFA
What do you think? Please share in the comments
Best wishes to all.
Trading Opportunities and Positive MomentumDuring the previous week, Cardano's price movements aligned precisely with the analysis. By surpassing the upper boundary of its descending channel within the 4-hour time frame, the price surged towards the resistance level of $0.3863. However, encountering this resistance prompted a corrective phase, leading the price to retrace back to the upper boundary of the breached channel. Notably, the Cardano chart exhibited responsiveness from both ends, allowing for short-term trading opportunities amid upward and downward fluctuations.
Significantly, a notable bullish candle emerged yesterday, demonstrating a 3.80% price increase and forming an Engulfing candlestick pattern on a support level. This development bodes well for Cardano's outlook. Nevertheless, a more substantial price growth is expected upon a complete breach of the aforementioned resistance. The potential for such a breakthrough remains intact as long as the lower boundary of the channel, situated around the $0.3485 range, remains intact.
ADA About to Reclaim the Trendline – Long TargetsIn my previous TV idea, I posted my concern that ADA is losing the upward sloping trendline support. Although ADA did lose the trendline, it is stubbornly clawing it’s way back. The fact that ADA did not lose its bullish structure is a good sign for a possible future price increase.
ATM, it is not yet clear if the overall correction in the crypto market is over. It is better to wait for confirmation before committing yourself to a trade. However, I wanted to share my long trade Idea. This idea can be activated once ADA reclaims the trendline but remember to keep an eye out on Bitcoin. I find it hard to believe that ADA will start moving forward if Bitcoin doesn’t.
Trade Idea:
• Entry:
0.38 USDT. Reclamation of the trendline. Best if you wait for retest or a candle close above the trendline.
• SL:
0.354 USDT. Local support after losing the trendline on May 26th.
• Targets:
ADA has two daily resistance levels: 0.42 USDT & 0.46 USDT. I think it is prudent to take some profit at these levels because none of us knows what the future holds in store for ADA. However, if this is really a resumption of the uptrend, I am expecting at least the 0.486 USDT level which is the 0.786 fib extension. Possibly more, but we’ll cross that bridge when we come to it.
TP1: 0.42 USDT
TP2: 0.46 USDT
TP3: 0.4866 USDT
You can activate this idea whenever ADA reclaims the trendline. Just be careful. One hot day doesn’t mean summer has arrived. Keep an eye on Bitcoin.
NFA.
Feedback will be appreciated.
Best wishes to all.
Cardano ADA and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
ADA/USDT short
Entry Range: $0.35 - 0.37
Take Profit 1: $0.40
Take Profit 2: $0.43
Take Profit 3: $0.46
Stop Loss: $0.32
Ada is starting to moveThe vertical lines show important dates according to Gann
- The next date is expected to be January 23rd
The nearest support zone is $0.33. The chart is unlikely to reach that far.
The target prices are:
$0.39 - An 5% increase
$0.41 - An 11% increase
$0.45 - An 22% increase
$0.58 - A 57% increase
In summary, the chart shows a potential uptrend with target prices ranging from 5% to 57% above the current price of $0.37. The vertical lines indicate dates where interesting price action may occur. The nearest support level provides a basis from which an upward move may launch.
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks.
Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all.
Reference of Bitcoin Trading:
CME Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
CME Micro Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
✏️ CARDANO (ADA) : First SHORT then LONGAs you can see, after stabilizing in the range of 36 cents, the price of Cardano was accompanied by price growth and was able to increase the price up to 38 cents! Now, the range of 38 to 40 cents is an important supply zone , And in order to reach higher targets, breaking and stabilizing above this level is of great importance! 2 possible scenarios have been specified on the chart, and it is recommended that you monitor the mentioned zones !
Don't Forghet To Push The Boost (Like) Button and Follow me for More TA !
Best Regards , Arman Shaban
Cardano Time- Updated chart and Levels ⏰💹Market could be up for a nice Pump next:
Cardano being the 'slow sleeping beauty' tends to awaken at the right times so here we go with some news:
⏰Binance Expands Support For Cardano (ADA) : The world’s largest crypto exchange Binance on Tuesday said it will add Cardano (ADA) and Litecoin (LTC) trading pairs against TUSD stablecoin.
Link: coingape.com
⏰Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
Link: www.coindesk.com
⏰Cardano's transaction fees have hit record high since August 2022, marking notable rise in network activity and demand
Link: u.today
💹Chart says:
Ascending channel on support 0.356 and price over 0.375 (secondary support).
Targets are 0.440 and 0.519
Let's go there and then see if we can break higher.
One Love,
The FXPROFESSOR 🌅
Cardano- i read many peoples complain about ADA on Twitter.
- Like the project is bad and going to nowhere.
- As Trader my job is only to do the Math and check pourcentages.
- i care about what peoples speak but i verify and deduct.
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So let me do Little Math for Cardano :
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- in 2018 if u bought ADA at Bottom ( 0.017$) you could have made +6500%
-- So if u invested 10k$ you could have returned $660,000
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- in 2020 ADA returned the same bottom level ( 0.017$) then made +16160%
-- So if u invested 10k$ you could have returned $1,626,000
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- So Now i don't think we gonna see again 0.017$ in entire Cardano Life.
- So haters gonna hate but Cardano made the Job.
- Just have to buy at the good time and be patient.
- if you bought the TOP, it's not Cardano fault, but your own fault!
- Next Target could be around 7.5$ (+3000%)
Happy Tr4Ding !
Ada going as predicted on 29 April last ideaAda price came down to 0.34 from 0.40 as predicted in last idea 29 April. Now its going up by following our arrow. If it keep following this arrow and rising channel then Target is 0.50
If any daily candle closed below 0.36 then price will not pump soon. It will keep dumping…
ADAUSD BUYWelcome . Cardano is positive despite the market downturn. The currency has breached the bearish pennant with. Re-test the area. It also formed a very positive candle on the daily chart. There is a lot of pressure from the buyers to push the market higher. to 0.4000 in the first stage. And level 0.5000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. And click "Like" so that everyone can reach the post and benefit from it and get free content. Thank you