Get started

Cardano

Movements for mid- to long-term trend reversalHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADABTC 1W chart) In order to continue the uptrend, the price needs to be maintained at least above the HA-Low indicator. I think that below 0.0000 1641 is a mid- to long-term investment area. Therefore, the key is whether it can rise above 0.0000 1641 and above the HA-Low indicator. ---------------------------------------- -------------------------------------------- (ADAUSDT 1W Chart) Since the HA-Low indicator is passing around 0.2974, if the price is maintained above this point, it is a mid- to long-term buying period from a trading perspective. However, if it drops below 0.2974, that is, the HA-Low indicator, there is a possibility of renewing the recent low, so you need to think about countermeasures. As the Bollinger Bands begin to contract, being able to keep the price above 0.2974 becomes more important. (1D chart) It can be seen that the highs and lows continued to decline, and the trend was broken after around December 30, 2022. Therefore, if the current trend is maintained, it is expected to turn into an uptrend. To do so, it is important to get support around 0.3206, the point of the HA-Low indicator. If unsupported and falling, 1st: around 0.3032 2nd: 0.2524-0.2772 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. The question is whether it can rise above 0.3448 during the volatility period around March 22nd. Mid-term and long-term trend reversal can take a long breath. Therefore, those who want to buy ADA for next year's bull market can refer to this point and proceed with the purchase. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
1
✴️ Cardano Also Starts To Recovery | The Chart Speaks!The same as with XRPUSDT published just now, ADAUSDT is moving back above EMA10/21/50. It is now challenging EMA100 and MA200 is a bit further away. We are still in the recovery phase from the recent correction. As soon as prices move above the local resistance, the next leg up can resume with force. What about bears? Yes, the market conditions can change but we have to always take into account the bigger picture. When you are witnessing a bear market, you can say that prices can go up anytime but they don't go up, you get lower highs and lower lows. On the other hand, if you are experiencing a bullish wave you can say that prices can drop anytime but that is not the point, you are supposed to get higher highs and higher lows or else you are not looking at a bullish wave instead a bearish one. The bullish wave confirmed January 2023 and the recent higher low. If the last low 10-March breaks down, the bullish bias remains intact and that's how technical analysis works. The only way for us to turn bearish is if Cardano (ADAUSDT) hits a new low compared to 29-December 2022. That's the bigger picture. If you look at the charts short-term, everything you are reading or anything you see now can change in a matter of hours or days. But if you zoom out and take into account the entire cycle, you can see that Cardano broke its downtrend a while back, hit a multi-year low and started to grow in 2023 and we are within this current growth/recovery phase. The December low is the invalidation point. Any trading above this level and we are 100% bullish, technically speaking. We follow the markets. We read the charts. The chart is saying in plain English, or chart language, be patient we are going up. Buy and hold. Namaste.
Long
by AlanSantana
1
Cardano (ADA): small potentialPrevious week was generally positive for the crypto market, regardless of the fact that very unfortunate events led to this surge in prices. Although the price of ADA did not make some extraordinary jump in value on the weekly level, still, it is positive to see that this coin has its own audience of investors, waiting for the moment to get back into this coin. During the previous week ADA was moving in a range of $0.31 up to $0.36. Still, the coin is finishing the week around the $0.35 resistance line. The RSI was modestly pushed above level of 50, reaching the 55, indicating that the market is just gearing for the overbought side. Interesting development with MA50 and MA 200 is continuing for the last three weeks, as both lines move together as a one line, still missing to provide clear view, if the cross actually occurred or not. With the start of the week ahead, ADA will continue to test the $0.35 resistance line. In case that there is market strength for a move to the higher grounds, then level of $0.37 might be a next target. However, in case of a short reversal, the coin might again look at the $0.32 level.
COINBASE:ADAUSD
by XBTFX
✴️ Cardano's Full Potential Revealed (240% to 345%)We always have so much data to look at that it is easy to predict where the market is going. It is easy to find the end of a correction and also the start of the next wave. It is not easy to predict exact timing or targets but the direction should be enough if you are here to trade. Last week we closed with a hammer, this is repeated across the entire market, many are moving ahead. We see this week green for Cardano, volume going higher. Green volume moves up, red volume tends to be low. We've been looking at it up close and thus the potential small. We are active with 10x although we do not recommend leveraged trades, only experts should do it. Beginners should trade spot and once successful can decide to upgrade. If you look at FETUSDT, it already hit its January 2022 price and is consolidating for more. What one does, the rest follows... So, if we match ADAUSDT January 2022 price that would be around $1.33. We like to be conservative, just not to get greedy and thus let's say that the next target is $1.17. Sell portions at each target, always leave something behind in case it goes higher... If you are playing the game, you know what I mean. Buy and hold long-term, yes, I know you are also around... I just decided that I will hold through the next bear market, in fact, I will buy to support the market. That's in late 2025 and 2026. I will buy everything you guys sell and hold for years until the next wave... Somebody has to do it. Namaste.
Long
by AlanSantana
7
#ADAETH - Rejection Off Top Trend Line Incoming?It looks to us like #CARDANO is about to hit some resistance and reject to the downside against #ETHEREUM. Price has been caught in this closing wedge for some time and we're going Short once again off this top trend line. There is one layer of support going through this wedge which could be a good place to take some profits, but we'd also like to keep some of the trade open for further drops to the lower edge of this wedge. If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster
Short
by theCrypster
3
✴️ Cardano Next Target Mapped Series ($0.59 Next)The introduction has been given in the Solana trade idea. This is a new series called "Next Target Mapped" where I will share the potential target for this new up-leg that is developing now. We called the bullish breakout. ✔️ We called the end of the correction. ✔️ We are now calling the next target. ✔️ Please make sure to read all the trade ideas I published and this way you can get the whole/bigger picture. Cardano broke the local downtrend and is now aiming at $0.5900. Can be a bit lower or much higher... That's the next target based on one the systems I use which is not described here. This analysis remains valid as long as Cardano (ADAUSDT) trades above its late December 2022 low. Namaste.
Long
by AlanSantana
1
The hilarious tale of CardanoKnock, knock! Who's there? Cardano. Cardano who? Cardano, the financial asset that's creating an inverted head and shoulders pattern. It's currently struggling to break 42 cents, but if it does, it could quickly approach 60 cents! Wow, that's impressive. But why is it called Cardano? Well, apparently the creator of the cryptocurrency was a big fan of the Italian mathematician Gerolamo Cardano. And just like Cardano's mathematical formulas, this asset's price movements are pretty complex too! Haha, sounds like a real brain-teaser. You got that right. But here's the thing - if Cardano can break 42 cents, it'll be smooth sailing all the way to 60 cents. And that just happens to be where a previous area of resistance was back in August of 2022. So, Cardano is not just a financial asset, it's also a history buff? You could say that. But hey, who cares about the past when you've got such a bright future ahead? Once Cardano hits 60 cents, it'll be party time for everyone who invested in it. Well, count me in! I'm ready to ride this Cardano train all the way to the bank. Just don't forget to sell when it's time to cash out. Otherwise, you might end up with a bunch of worthless digital coins and a broken heart. Note: It's best to wait for the 42 cent area to break before getting heavily involved. A nice bounce here, but we're not out of the woods yet.
Long
by bitdoctor
WHATS NEXT FOR CARDANO?Hello traders! Today we are going to take a look at ADA's movement these past few days. As i mentioned in my last post: It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050. On the 4 hour and also the 1 hour time frame we can see that ADA has made a solid descending channel and is aiming downwards towards the last demand zone at the 0,30-0,3050 and potentially heading towards a more and more likely target at 0,27. If the last demand zone is met we can then begin fill our long positions with a potential 30-40% upside (longterm). All take profits is specified. On the smaller timeframes like the 15-5min i would start to look at a short position towards the last demand zone (swingtrade). Don't forget to fill up your long positions, this is a huge discount. Enjoyed the analysis? Like! Want to see more? Follow! Let me know what you guys think! Let me know in the comments! -The Stallion REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
Long
by TheStallion_
Cardano Shows Bullish Signs on 4-Hour ChartCardano is currently trading at $0.3290, and the 4-hour chart indicates that it's in a bullish trend. The Relative Strength Index (RSI) is hovering above 50, suggesting that buyers are currently controlling the market. Moreover, the Fibonacci levels on the 4-hour chart show strong support at 0.3228 and 0.3102, indicating that buyers are willing to step in and purchase Cardano at these levels. The upper Bollinger band is currently at 0.3379, the lower Bollinger band is at 0.2904, and the middle Bollinger band is at 0.3141. The current price is trading near the upper range, which suggests some resistance may be at this level. However, this doesn't necessarily mean that the price will experience a significant pullback anytime soon. Moving onto the volume oscillator, it's currently at -4.68%, which indicates that the volume is lower than average. This may suggest that traders must show more interest in Cardano, which could result in a lack of momentum. However, this can change at any moment if there's an increase in volume. The Moving Average Convergence Divergence (MACD) is currently at 0.0031, a bullish signal. Furthermore, the stochastic oscillator is 66.58, which is neither overbought nor oversold. This indicates that there's still room for the price to increase, and buyers can continue to push the price higher. Lastly, the 4-hour Exponential Moving Average (EMA) 50 is at 0.3232, which is currently above the current price. This indicates that the short-term trend is bullish, and buyers will likely continue pushing the price higher soon. Overall, Cardano is in a good spot right now. The bullish trend, strong support levels, and positive MACD signal suggest that the price could continue to increase in the short term. However, traders should still be cautious and closely monitor the upper Bollinger band and volume oscillator to identify any potential resistance and changes in market interest.
by MonoCoinSignal
4
Cardano (ADA): short reversal?ADA was losing strength for the last three weeks. Events during the previous week around Silvergate Bank, Silicon Valley Bank and FED Chair Powell testimony, only pushed the market to move price to the downside at a higher pace. ADA`s price reached a minimum weekly level at $0.30, which is a support line for this coin. Around this level the coin is also finishing the week. During the time of general sell-off, the RSI indicator moved to the downside, reaching level of 30. This is an indication of a clear oversold side of the market, from where, short reversal might be expected. Moving averages of 50 and 200 days are moving a bit strangely during the last two weeks. Namely, they are moving together as one line, still not providing a clear view, whether a cross actually occurred or not. Charts are pointing that ADA is currently at sort of a cross-road. Namely, the support line at $0.30 is currently tested, but in case that this level is breached further to the downside, then the next target of ADA will be a $0.26 level from the end of December last year. This might occur only in case of further negative news on the market. Otherwise, RSI is pointing on potential for a short reversal, in which sense, ADA might revert to $0.34-$0.35 levels.
COINBASE:ADAUSD
by XBTFX
1