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Cardano

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.
Long
by NewThoughtCrypto
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.
by MonoCoinSignal
2
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.
Long
by NewThoughtCrypto
1
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
Long
by BuySellMarketMaker
2
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.
by HamdanAlmasri
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
CME:BTC1!
by konhow
✏️ 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
by ArmanShabanTrading
15
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 $18 million on Tuesday, data from Minswap shows. Link: www.coindesk.com ⏰Cardano's transaction fees have hit record high since August 2022, marking notable rise in network activity and demand Link: u.today 💹Chart says: Ascending channel on support 0.356 and price over 0.375 (secondary support). Targets are 0.440 and 0.519 Let's go there and then see if we can break higher. One Love, The FXPROFESSOR 🌅
Long
by FX_Professor
Cardano- i read many peoples complain about ADA on Twitter. - Like the project is bad and going to nowhere. - As Trader my job is only to do the Math and check pourcentages. - i care about what peoples speak but i verify and deduct. ----------------------------------------------------------------------------------------------------- So let me do Little Math for Cardano : ----------------------------------------------------------------------------------------------------- - in 2018 if u bought ADA at Bottom ( 0.017$) you could have made +6500% -- So if u invested 10k$ you could have returned $660,000 ----------------------------------------------------------------------------------------------------- - in 2020 ADA returned the same bottom level ( 0.017$) then made +16160% -- So if u invested 10k$ you could have returned $1,626,000 ----------------------------------------------------------------------------------------------------- - So Now i don't think we gonna see again 0.017$ 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 !
KRAKEN:ADAUSDLong
by thecryer
25
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
Long
by inv_market09
12
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