ADA (Cardano) lets take some profit on short for now.#ADA /USD TA Update:
CRYPTOCAP:ADA currently trading at $0.3594
According to Coinlion Trend Trader Indicator, we got en Exit Point Alert for ADA at $0.4 (04/21)
Coinlion Trend Trader Indicator entered short at 0.3864 the 4th of may.
Then takes 2 times Profit :
1) $0.365 (20% exit position)
2) $0.362 (10% exit position)
(6,5% Profit).
There is a strong resistance at the 200EMA. The same which has rejected ADA many times before
But we have broken the descending channel.
Now we have a support on the 200SMA at $0.352 and a liquidity zone support between $0.2986 and $0.30
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
+ we can see that ADA is oversold. The trend might change soon as whales are accumulating a lot ADA.
Lets see what happens and follow the indicator instead of our emotions.
What do you think ?
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Cardano
ADAUSDT's situation+next targets and expected movements.🤑The ADAUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- The Bottom of the Wedge area
- Falling Wedge Pattern
❗and the Upward signals of market momentum are:
- Divergence in MACD
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed.
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Have a nice day and Good luck.
CARDANO (ADA) SHORT | BEARISH BREAKDOWN Cardano cryptocurrency or ADA Coin had formed and broken down the Head and Shoulder Pattern on Daily TimeFrame.
The pattern is a bearish pattern and hence I believe price will drop.
Targets
1- 0.35
2- 0.30-0.31
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May.
So far, ADA has seen two price rejections at this level in the past two days.
A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470.
At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April.
Entry: $0.3700
Target: $0.3470
Stop-Loss: $0.3811 (above the resistance zone)
RR: 2
#ADA doomsday scenario cast!Inherent in the risk of buying your favourite #crypto
is to watch fade into non- relevance
coupled with a non event #BITCOIN halvening which will happen one day!
Just throwing out a what if scenario for #cardano
those levels yielded a wonderful opportunity twice before,
could it be a third time?
ADA Cardano - The Whales WhispererCardano (ADA) Whales on Radical Move as Network Activity Heats Up: Details
The chart:
ADABTC on valid support and structure looking to be gaining momentum.
Slightly Descending channel on support (the dark blue channel on the chart), backed by reliable support (green trend line) and we want to be early on this trade.
Targets:
- The mid of channel is more than 83% likely to be met and it does confluence with the 0.382 level at roughly 52% higher (ADABTC value).
- The upper level of the channel just over 0.618 offers a 101-124% rise on ADABTC and i see this over 53% likely to be happening this summer.
- Finally the most optimistic target is still 42% likely and it lies on the white trend-line..follow the 'bubbles' they are ascending in a perfectly linear manner as Support and Resistance. If this line is met we would be selling.
Let me know if you like this chart and thumbs up to OKX for an amazing idea to host the OKXIDEAS Contest.
#GOLD : First LONG 📈 , Then SHORT 📉 On this chart, attractive zones for the SELL and BUY position are specified, you can enter with the right trigger !
Important Demand Zone : 1999 to 2006$
Important Supply Zones : 2033.3, 2035.5 to 2038.5
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
📅 05.09.2023
⚠️(DYOR)
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LTC & ADA Will Crash 90% – Bear Market Has Not Even Begun Yet!The bear market has not even begun yet for 99% of altcoins, such as Litecoin (LTC) and Cardano (ADA).
I expect these coins to crash at least another 90% from where they currently are.
I agree with people such as Big Cheds, Bob Loukas, Benjamin Cowen, and others that altcoins are far from having bottomed and in fact that the bear market has not even begun yet.
Anyone using leverage of 1.01x or higher and who is long will surely get liquidated within the next 1-3 months.
Bitcoin will crash to sub $10k as well.
CARDANO (ADAUSD): Very Bearish Setup Explained
ADAUSD formed a huge head & shoulders pattern on a daily.
Forming the right shoulder, the price also made a descending triangle pattern.
Both the triangle and the h&s had the same neckline.
It was broken yesterday and a daily candle closed below that.
I believe that the coin may drop lower now.
Goals: 0.346 / 0.325
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Cardano ADA price has a ray of hope for continued growth The last time we came up with an idea for ADAUSDT was 5 months ago, and it's been working out great. The value of the Cardano token has doubled during this time.
The positive thing is that the ADA price has broken out of the falling trend channel.
However, there was one "But" during this time - buyers were unable to break through and gain a foothold above the powerful liquid level of $ 0.43
On yesterday's market decline, buyers of ADAUSD managed to keep the price in an uptrend, above the local purple trend line. That is, buyers don't want to give up easily, which is good and gives a ray of hope.
Given that, in the coming days, BTC sellers may try to drop the price below $ 26600-27000 to break the stops of long positions that are hiding there. The ADAUSDT price may also squeeze down, but it shouldn't be able to stay below $ 0.327-0.34. Fixing the price below this level could trigger an extension of the price drop to $ 0.27 and below.
A positive scenario is difficult in the current realities but possible.
It is necessary to break through to $ 0.55, then consolidate above $ 0.43, and only then will the path to $ 0.80 open up, and maybe even to the first "non-burning price" $ 1 (not million)))
_____________________
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ADAUSDT Daily Hi Guys, Hope you well,
As you can see, we are in a good uptrend channel. We can move up again from the bottom of the channel, but a good buying point in the lower support is a very good move for the purpose of the ceiling of the channel and also to collect liquidity.
SecondChanceCrypto
⏰09/May/23
⛔️(DYOR)
always do your research.
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ADAUSDT, changing the channel and key zones to watch📈 CARDANOHello guys, Everything is explained on the chart for you like always. 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$.
Good luck.
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Write your comment and opinion below to me
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Salam doostan aziz, hame chiz rooye chart moshakhas shode. gheymat kanale nozooli khod ro shekaste ast agarche hanuz zire moghavemate base band hast va ma entezare pullback be line baraye kharid ro darim dar 0.34$ va noghte kharide baadi ham baad az shekaste base band va pullback be 0.42$ hast. ahdaf ham 0.51va 0.57$ hastand.
lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid.
moafagh bashid.
like va follow faramoosh nashe :)
ADA USDT LONG SWING | ADAUSDT | LONG @ 0.36 - 0.38 | TP @ 0.39, 0.4, 0.41, 0.42, 0.43 | SL @ 0.33 | PATTERN = BULLISH MACD CROSSOVER | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ADAUSDT BYBIT:ADAUSDT.P BINANCE:ADAPERP COINBASE:ADAUSD BINANCE:ADAUSD BINANCE:ADAUSDTPERP
SasanSeifi 💁♂️ADA/USDT 3DHI TRADERS ✌The possible scenario of ADAUSDT is specified.
▪️By examining the ADA chart in the 3-day time frame. As you can see, the price has been accompanied by selling pressure from the supply zone. It is currently trading in the range of 0.38.
📈In the long term scenario that we can consider if the price penetrates below the range of 0.37, we will see further correction up to the range of 0.34 / 0.33. We have to see how the price will react to the support ranges. The possibility of a positive reaction can be considered from the range of 0.34/0.33.❗️
🔸The important resistance range in the 3-day time frame is 0.43⚠️
🔘Keep in mind that long-term maintenance of the HL range of 0.30 is very important to continue the positive trend.‼️
The current price : 0.3790💲
TF : 3-day
❎ (DYOR)...⚠⚜
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Cardano: chasing oversold sideDuring the previous week ADA clearly started its reversal move. The support line at $0.40 had been clearly broken at the beginning of the week, and the coin continued its road down to its minimum weekly level at $0.37. Selling orders are prevalent at the end of the week, in which sense, it might leave some space for further drop in price until a clear oversold side is reached.
During the whole week, RSI was moving below level of 50, finishing the week around 42. This is another indication that the market is chasing an oversold side. Moving average of 50 days is slowing down its divergence from MA200, putting into question the formation of the Golden cross.
Current charts are clearly pointing that ADA is on the road toward the oversold side. Current price fall stopped shortly around $0.38 level; however, it should be treated as only a short term stop for ADA, on a road toward the $0.35 support line. There is some probability that this level might be reached during the week ahead. On the opposite side, there is a low probability that $0.40 resistance might be tested.