ADA/USDT Weekly Chart Update.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ADA is currently holding a historical supporting trendline that hasn't been broken since March 2020. A rebound can be expected, potentially allowing the price to test the resistance trendline at $0.58.
The 35EMA can be considered a primary resistance level. A rejection or breakdown below the support line will likely drop the price by 34%, or in the worst case, 60%.
On the higher side, a breakout above the 35EMA and the resistance trendline could trigger bullish sentiment and a rally toward the all-time high.
Key Observations:
~ Primary Support/Entry: $0.3732.
~ Support 1/DCA: $0.2431.
~ Support 2/DCA: $0.1486.
~ Resistance 1: 35EMA ($0.48).
~ Resistance 2: $0.58.
DYOR. NFA.
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Cardano
Bitcoin Weekly TA : Bitcoin Poised for Next Bullish Run (READ)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that, as expected, the price corrected to $58,400 and encountered buying pressure. Currently, Bitcoin is trading around $63,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can expect the start of the next bullish trend. Based on previous analyses, the mid-term targets for Bitcoin are $72,000, $77,000, $85,000, and $100,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart
One question arises :
- Did the ABC correction already end in April at $0.40 in 🟥the red scenario?
- Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario?
The critical level from below is $0.40
The critical level from above is $0.50
Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement.
Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5
_____________________
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GTAI/USDT 4-Hour Chart Analysis : Bull or Bear ? (READ)By checking the GTAI/USDT chart in the 4-hour time frame, we can see that since last week, due to the heavy fall of Bitcoin to $58,000, the entire crypto market began to fall, and GT Protocol was no exception to this. The range of 78 cents is being traded and we will probably see the growth of this crypto again by collecting liquidity below 75 cents! Possible targets will be 0.8150, 0.85 and 0.91 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Cardano is trying to hold it's supportCardano's price is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger a strong upward move, while failure might lead to a decline towards key support levels at $0.3652 and $0.3611. Currently trading around $0.3890, Cardano is trying to hold support after rebounding from the $0.3611 discount area, indicating a short-term upward trend.
ADAUSDT Elliott wave countCardano may find support into 0.618 fib retracement of wave ((1)) ending a complex correction started from 0.8104.
Price must clear 0.49 level before we may declare an end of the correction at 0.3575.
Also oscillators are showing bullish divergence that may signal a potential shift of the trend.
Cardano: Price in Major Resistance AreaTrading Setup:
There is a Trading Signal to Buy in ADAUSDT Cardano
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.375
⭕️SL @ 0.353
🔵TP1 @ 0.444
🔵TP2 @ 0.525
🔵TP3 @ 0.729
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Bitcoin Weekly Analysis: Key Levels and Scenarios (READ CAPTION)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion:
• The price could start rising from this level, with the next targets being $72,000, $77,000, $85,000, and $100,000.
• The price could correct further to the $52,800 to $56,700 range before rallying again to above $70,000.
Which scenario do you think will happen first?
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Strong Bearish Momentum on CardanoHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.3870 zone, Cardano is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.3870 support and resistance area.
Trade safe, Joe.
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below.
And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer.
As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$.
Happy to hear your thoughts
CLEAR AS DAY! ADAWe can look at the chart and see exactly what level needs to be claimed for me to consider this project bullish!
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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Opened ADA UP position at 0.482 price with 5x leverage Hi everyone,
In last 3 days ADA price increased on over 10% and I think that it's just a beginning.
I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform.
First target is 0.52, Second target is 0.62, Stop loss at 0.42
This is a high risk trade but potential reward is worth it.
Please, do not forget to boost this idea & share it with your friends; thanks.
SasanSeifi 💁♂ Daily Price Analysis (ADA)Hi there!✌
As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent range and the EMA. Further correction to the 0.38 cent demand zone and the 0.30 cent zone can be considered. The probable trend is also indicated in the figure above.
After ranging and positive fluctuations, we are expected to see a further correction to the demand zone and the BULLISH BB. Then, we can expect a ranging trend and a positive reaction from the demand zone. In case of positive fluctuations, to better understand the continuation of the price movement, it should be observed how the price will react to the important 0.50 cent range to better understand the continuation of the price movement. The 0.50 cent range is a significant resistance level.
In addition, Expect ranging with potential for further correction followed by a bounce off the demand zone. The key resistance is 0.50 cents. A breakout above 0.50 cents and the 200 EMA could signal growth to 0.55/0.60 cents.
Please note that this is not financial advice and should not be taken as such. Always research and consult with a financial advisor before making investment decisions.
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ADA will crash 90%+ and provide a GREAT entryADA looks to be topping out here along with Bitcoin. In tandem with Bitcoin retracing back to at least 20K, ADA could lose 90%+ from the top and provide an excellent entry. Of course ADA could have a final surge, but it looks fragile and topping in similar manner to Bitcoin. Target for entry is currently around $0.12.
ADA: It is possible that the correction is over or almost overFriday's price action has a couple of very strong confluence. First the double bottom at 0.5 fib level, and second, RSI bullish divergence. EW perspective, this could be an ending diagonal to end wave 5 of C. This could also be wave 1 of 5 of C; so, we wouldn't know for sure unless we see price move above $0.57. We could see a sharp move up for ADA which could go against the general market trend where BTC and others are still correcting and should be correcting for another month or so. ADA might be the one to start the next cycle this time. We should see very bullish price action if that is the case. If price stays choppy and next week we don't see an upward momentum, then probably something else going on. We will find out in a few days.
Diving into ADA: Profits, Sharks, and Technical Targets!Hello community,
The ADA coin has gone through various phases. Initially, whales accumulated below 0.4 USDT for an extended period 🐋. However, after the price surged by 250%, a correction became expected as investors sought to capitalize on their profits 💰. Notably, the key level between USDT is significant due to the presence of sharks 🦈, who are intermediate-term investors. Their strategies rely on real volume profiles , which are not commonly discussed on media platforms like YouTube or Instagram, as they necessitate data analytics and volume studies 📈. The technical price objectives are depicted in the chart 📊.
The first objective stands around 1.14 USDT, reflecting a 150% profit for sharks🦈
The second objective is at 1.6 USDT, indicating a 600% profit for whales 🐳
However, it's crucial to note that these objectives are based on technical analysis and may change depending on market conditions 📉📈.
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Navigating Crypto Bull Run 2024-2025Hello, Skyrexians!
While Bitcoin is locked inside the price range between 60k and 70k, altcoins look dead. While we saw fantastic rally for Bitcoin, Ethereum, Binance coin and other largest altcoins, most of crypto assets are still testing the bottom. This price actions can disappoint even best crypto traders. People usually trading cryptocurrency for profit, but now even if you bought altcoins at the bottom you have a very small profit.
In March 2024 most of crypto trading strategies predicted the further pump, but instead of this we can see -60% drop for most of crypto coins. Even most of trading bot strategies faced with huge losses during last 3 month. During the bullish phase the best decision is to use grid trading bot, but this time price went out from the grid bot trading range, therefore even automated trading bots faced with losses.
In our opinion such shakeout was needed because of excessive optimism on the crypto market. People needs to be disappointed and sell their crypto before the true bull run. Now it’s happening, we will show you our thoughts about crypto market and will try to analyze what is coming next.
Bitcoin analysis
As it usually happens Bitcoin started moving up first. It’s bull run started at the beginning of 2023. We will analyze 1W time frame. Awesome Oscillator and Alligator showing us that Bitcoin is still in global wave 3 because of it’s maximum value. Moreover AO still has not crossed zero line. It means that there are a lot of time before bull market will be finished.
We predict the wave 3 finish in the upcoming 1-2 months with the price target approximately at $80k. Let’s use this target to predict the further scenario. We have the super confident target for the wave 4. It’s inside the range between 0.38 and 0.5 Fibonacci retracement for the wave 3. It’s inside the range $54-61k. Moreover, lower degree wave 4 has been finished there. When price will reach this zone, for bullish reversal bar and AO crosses zero line, it can be the strong sign that global wave 4 is finished.
Assuming that wave 4 will be finished in this zone we can predict the target for the wave 5. We have to take the distance from wave 1 bottom the wave 3 top and measure it from wave 4 bottom. This is the maximum target for the wave 5 and the entire bull run, at $115k. The minimal target is 0.61 from this distance, approximately at $92k. Anyway, this wave shall be printed in conjunction with the AO bearish divergence to kill this bull trend.
Taking into account that wave 4 can be very long in terms of time this bull run will be finished in the middle of 2025.
Bitcoin Dominance
Bitcoin is moving clear, but what with altcoins? The key chart for altcoins is the BTC Dominance chart. Every time we see huge drop on it, massive alt seasons happen.
You can say that this is not a real asset and it’s impossible to predict it’s value, but all these movements is the trader’s psychology. Therefore we can use classical TA tools here. BTC Dominance now is inside the target area 0.5-0.61 Fibonacci. There is a high chance that massive dump will start from here. This time it can break 40% and finally reach 24%. We believe that this time this decrease can be on the real Bitcoin’s dump. Large players have a huge gains on Bitcoin and they need to distribute liquidity to take profit, that’s why alt seasons usually happens. We predict the altseason start in the upcoming 2 months.
Cardano (ADA) analysis
Let’s move on to altcoins analysis and start with the old assets ADA. It has enough history to make a price prediction. Previous bear market bottom was at $0.02, this time it has reached $0.2. You can say it’s 10x from the bottom, how it will go up?
We can conclude that ADA is the uptrend crypto asset because it’s making higher lows from cycle to cycle. Therefore the previous bull run could be just the wave 1. Global wave 2 finished with the bullish divergence with AO on the weekly time frame and after that we have seen this local rally. This rally is just the wave 1 of the new bull run and current dump is just a correction to it. For sure we need more disappointment, that’s why we expect more sideways in the current range. When everybody will be disappointed the huge wave 3 starts. It has two targets: $3.3 and $5.2 if this bull run will be extended.
Cosmos (ATOM) analysis
The main question of the day is why such fundamentally strong asset like ATOM is still at the bottom, while meme coins made 10x. For sure it was a huge mistake, but as we can see now people hate such assets like ATOM. They want to buy Solana or PEPE instead and it’s good sign for ATOM holders. We make our predictions based only on charts and this chart is also telling us about bull run is coming.
ATOM is also making higher lows from cycle to cycle. The main difference with ADA is that Cosmos has printed shortened wave 5. First bullish wave finished in March and now price is finishing wave 2. Wave 3 will start suddenly when nobody believe it that. We suppose in September will be huge gains on fundamental projects. Minimal target is $49, maximum one is $77 according to 1 and 1.61 Fibonacci extensions.
Polkadot (DOT) analysis
The last crypto asset for today is DOT. It has almost the same pattern like previous two assets. Wave 5 of bear market was not shortened here that’s why we have seen rally more than for ATOM.
Previous bear market bottom has been reached much lower that in the current cycle. In our opinion the first wave of the new bull run has been already printed ad current disappointing wave 2 is trying to persuade people to sell their assets.
After 1-2 month of consolidation and may be making lower lows locally we will see the huge push the the upside. The minimal target is $56, maximum equals $89.
Conclusion
Most of altcoins are in the huge accumulation which lasts for almost two years. In the previous bear market was almost the same time before significant gains. For sure this time can be different and may be it’s time to die for altcoins, but Elliott Waves analysis reflects perfectly the crowd’s mood. If now we can see still a lot of optimism, if price will continue sideways they disappoint.
Overall, we can see now two groups of traders. The first one is still bullish, the second one is waiting for new lows below the current consolidation to enter the market. We suppose that both major groups shall be fooled, market maker will not allow assets to dump that much, but at the same time he will not pump it before most of bulls sell their assets.
Best regards,
Skyrex Team