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Cardano

ADAUSD Is targeting 0.850 by the end of the year.Cardano (ADAUSD) is currently trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) for most of May. This consolidation is most likely the new Accumulation Phase for the next price jump and the reason is an old chart that we published last year, comparing the 2022/23 Cycle with 2018/19. So far it has been remarkably similar, with the Bear Cycle being a decline of around -93% on both occasions, within a Channel Down pattern that bottomed on an Inverse Head and Shoulders. The first significant upside target in 2019 was the 0.5 Fibonacci retracement level. That is currently a little over 0.850 and since the Cycle has been following the previous one so closely so far, we see no reason not to continue to do so. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ADAUSDLong
by TradingShot
5
Cardano (ADA) is about to break down the support!Hello, everyone! As you know, sometimes I can take the trade on BINANCE:ADAUSDT instead of Bitcoin. Today I am going to show you my thoughts about this asset, what we can wait in the nearest future. ADA demonstrated the bounce in the first half of 2023, formed the bearish divergence with the Awesome Oscillator. This is the clear sign, that it was just a correction to the downtrend impulse. I consider the final bearish wave which should be ended with the 5 waves cycle. If we suppose that wave 1 has been already formed, ended just at the support trend line, now we can expect the reactive wave 2. It has the target at 0.61 Fibonacci retracement, $0.41 . This potential bounce could be the nice bull trap. The wave 3 which is going to follow this bounce can easily break the support line. It has two targets: $0.29 and $0.22 . My plan is to wait this bounce to open short trade. Best regards, Ivan _____________________________________ ❤️Follow me and never miss the update❤️
Short
by Skyrexio
1
Crypto Update: ADA gearing up for new push higher?Today's focus ADA Pattern – HL support hold Possible targets – .3550 Support – .3550 Resistance – .3665 - .3770 Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:ADAUSDLong
by Eightcap
Potential Trend Reversal at Crucial Support LevelLast week, ADA exhibited a range-bound pattern, and its price experienced a downward movement, reaching the lower resistance level of the previously broken range channel. Currently, there is a notable correction in the price of Cardano. Nevertheless, it is noteworthy that Cardano's price has shown a positive response of 9% upon reaching one of the recognized support levels, accompanied by an attempt to establish an upward trend within the daily timeframe. This suggests the potential for a favorable reaction within this support range. However, it is essential to consider the possibility that the previous support level may have been falsely breached. Specifically, the critical support level at $0.34 holds significant importance for Cardano. A positive reaction originating from this range could potentially lead to a shift in trend within the shorter timeframes and mark the conclusion of the correction within the longer timeframes. The chart provides indications for short-term and medium-term targets.
by MonoCoinSignal
11
CARDANO's movement in Coming Days!!!🤑The ADAUSDT Broken the Falling Wedge Pattern. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot S1 weekly - Falling Wedge Pattern - Bullish SAR dots ❗and the Upward signals of market momentum are: - Divergence in MACD ✅The price has been able to break this pattern upwardly. This means the price will be flying for now and we shall expect it to reach even higher levels. ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. 🤑The rich invest in time, the poor invest in money. 🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹 ✅Warren Buffett ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. ⏮️Previous Analysis: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
8
Cardano to register further gains following range breakout?The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin. The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone. Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away. Entry: $0.372 (retest of range highs) Take-profit: $0.383 (small imbalance and short-term resistance) Stop-loss: $0.368 (below FVG)
Long
by AMBCrypto_TA
ADAUSDT , changing the channel and key zones to watch📈 updateHello guys, Everything is explained on the chart for you like always. In pervious analysis we said that the price has broken the descending channel although is still below the base band resistance and after that we usually expect the pullback as a retest to enter buy position at 0.34$, next point to buy will be after break the resistance base and at pullback to 0.42$. The targets will be 0.51 and 0.57$. And now price at our desire point to buy. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me . Salam doostan aziz, hame chiz rooye chart moshakhas shode. dar tahlile ghabl goftim ke gheymat kanale nozooli khod ro shekaste ast agarche hanuz zire moghavemate base band hast va ma entezare pullback be line baraye kharid ro darim dar 0.34$ va noghte kharide baadi ham baad az shekaste base band va pullback be 0.42$ hast. ahdaf ham 0.51va 0.57$ hastand. va alan gheyat dar noghte morede nazar ma hast baraye kharid. lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid. moafagh bashid. like va follow faramoosh nashe :)
Long
by ArashBanakar
1
🔥CARDANO (ADA): SHOW YOU THE BEST ENTRY POINT TO LONG🔥Hi, friends! Cardano falls to the $0.38-0.39 value area and the price still holds inside it. If the price fall below this value area and returns inside, it will be a strong bullish signal. 📊 TRADING PLAN FOR ADA: 🔥 liquidity collection below the $0.38-0.39 value area 🔥 false breakout 🔥 volume growth 🔥 bullish BTC is a must-have for altcoin's growth ✅ MY TARGETS FOR ADA: 1. $0.42 - the key level 2. $0.46 - the key level and local high 3. $0.5 - the trendline 4th point 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
Cardano: Winnie the Pooh 🍯Like the honey-loving bear Winnie the Pooh, Cardano should grab deeper into the orange-golden honeypot between $0.39 and $0.31 to finish wave (ii) in blue. Although the main requirements to conclude the current movement have already been fulfilled by touching at the orange zone and Cardano could thus take off anytime, we rather expect the altcoin to advance ideally until the 100.00%-retracement at $0.34 before turning upwards. As soon as wave (ii) in blue is indeed complete, our crypto-friend should expand wave (iii) northwards.
BINANCE:ADAUSD
by MarketIntel
1