Cardano shortCardano is bouncing off the resistance zone and the Fibonacci 0.5 level. Bearish movement to resistance level at 0.3565 is possible.
CARDANOADA
ADAUSDT Now BEARISH🐻Future PARABOLIC🚀Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A detailed video update on Cardano / ADAUSDT with 4 confirmations why I am leaning towards the bears SHORT-TERM :
🐻 Technical Indicator Phoenix Ascending which contains the LSMA , EMA and RSI ,
🐻 The Candlestick Analysis ,
🐻 Support zone and Resistance zone analysis,
🐻 The Bollinger Bands.
Considering that these four methods of speculating short term price action are all pointing bearish, we also take a look at the next possible bounce/ support zone for ADA.
NOTE that even though I am bearish short term, I do still believe that this makes for an excellent accumulation phase price . From these levels, the price can likely go PARABOLIC after after finding a bottom as it has previously after reaching lows.
Some altcoins do rally untimely during a bearish market, but it is usually the smaller market cap coins / micro caps that have mini rallies whilst BTC trades lower. Here are a few that I'm watching :
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ADAUSDT 1D Effect of the Vasil hard fork on the Cardano priceOn Thursday, Sept. 22 , the Cardano blockchain will carry out its much-anticipated Vasil hard fork, a backward-incompatible upgrade taking place on the main network that is intended to enrich smart contract capabilities, increase the chain’s throughput and reduce costs.
The crypto community is very optimistic about the upgrade and expects the price of Cardano to rise. Previously, hard forks have been a catalyst for ADA prices to rise. After two updates, the price of ADA has grown almost 40 times (look at the chart). But after the last Alonzo hard fork in 2021, the price of Cardano fell by -80%. But it will also be true that in the same period, the bear period began in the cryptocurrency market.
Probably, now they want to launch the Vasil hardfork at the "right time" , so that the ADAUSDT price would immediately start to rise, since it was originally postponed from June to July, and now to September.
You can try to take a good medium-term deal:
Entrance - $0.45
Stop below $0.422 (-6.2%)
TP1 - $0.74 (+64%)
TP2 - $1 (+122%)
R/L ratio 20/1
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Cardano (ADA) and whole crypto going to retrace 50% from here !Hello traders .
in my opinion 21 September will be important day for whole markets exclusively for crypto !
it sounds logical that FED interest rate hike can push down ADA to fill the gap between ( 0.23 $ - 0.19 $ ) and the day after rising interest rate is CARDANO Vasil upgrade which can reverse price and push it to the upside ( 0.6 $ - 1 $ )
if you agree BOOST the post ,thank you ♥
ADA long @ .461 10x leverageEthereum has entered a channel and I am adding this to my positions.
We are in a major support area and the macro environment is starting to bottom as well.
I may add onto this position as the day goes on.
I believe we will retest the 50-day EMA. This may be a scalp trade.
Cardano shortCardano broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.426 is possible.
Cardano longCardano broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.59 is expected to happen.
Cardano shortCardano broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.4275 is possible.
ADAUSDT 1D Medium-term trade. ADA price target ~ $0.73The ADAUSDT price for more than 4 months is traded in the range of $0.40-0.69
The minimum of 0.40 cents was still set during the May drop.
During the next wave of the crypto market decline in June 2022, when most cryptocurrencies including Bitcoin updated their lows, Ada buyers were able to hold the price.
And this is not surprising, because below $0.40 there is emptiness and room for a drop of at least -25-30%. We wrote about this in our previous idea:
A good potential medium-term trade within the trade range is now emerging.
Entrance - $0.46
Stop - $0.3999
Take profit - $0.71-0.76
Profit/loss ratio - 4.5/1
It would be ideal if ADAUSD buyers were able to break through the black trend line up and tear off the stops of the shorts hiding above $0.69
Our global goal for the increase in the price of the Cardano token is in the region of $1 per ADA. But we will talk about this in our next ideas.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Cardano Bullish W Pettern If Ada (Cardano) W Pettern Restest If Long Next Resistense Take Profit In 1st Red Line And 2nd Next In 2nd Red Line Stop Loss In Lower Yellow Line
Ada trying to break down the $0.56 support lineAda's correcting. its potential bearish targets have been shown on the chart.:
a zone ranged from $0.53 to $0.54 and
in case of losing this zone, the strong support line of $0.52 is one view
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🔴 ADA at Resistance - Short EnteredADA looking tired here and unable to break this resistance numerous times.
I have taken a short position here.
TP 1 - $0.515616
TP 2 - $0.503289
TP 3 - $0.490962
SL - $0.555522
Cardano shortCardano broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.4633 is possible.
Buy Cardano @ 0.80 and Hold for LifeThe last chance to buy ADA under $1.00 will come when price drops near $0.80 for Wave 4 of its first defined impulsive wave!
Based on current logarithmic fib levels, there’s a great chance that primary Wave 5 will reach near the $250 price point in the years ahead.
Still my favorite crypto coin by far.
$ADA - Is it time to buy?$ADA - Is it time to buy?
Beautiful pattern brewing of triangle formation, a break above the bulls are in control and the next area of interest would be the channel we are in towards resistance area of 200 EMA and then taking it towards the area next resistance zone 2 and this follows same if bears get in control bounce below 21 EMA then there marks the support areas 1 & 2.
TJ
ADAUSDT 12H Future of Cardano price will be decided at weekendIt has been 3 weeks since the publication of our previous idea for ADAUSDT, but in fact, almost nothing has changed on the schedule.
The ADAUSD price is further traded in consolidation. Although the rebound of the price of ADA from the bottom for the past week was 30+%, it still looks weak in the context of consolidation. So it can be not to said with confidence that the buyers have won.
So, the main task for the weekend for Cardano buyers is not to allow the ADAUSDT price to fall below $0,43-0,45. Completing this task activates the price movement along the blue route, with the first target $0.66
Force majeure, panic hysteria and a fall in the cryptocurrency market, or the banal lack of Ada buyers - these are factors that can help the ADAUSDT price to be below $0,40.
Fixation of the price below $0,40 may provoke a further fall in the $0,28-0,31 zone. This should be remembered
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ADA Trade SetupCrypto Market is in consolidation phase lately, as we know during this consolidation phase more likely assets form either continuation patterns or trend reversal patterns !
Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work.
But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Cardano cryptocurrency - is it time to buy ADA ?The last time we made a global ADAUSDT forecast 5 months ago and as it turned out on the absolute price highs and roughly speaking all this time the price of ADA was fallen from $3 to $1
We tweaked the dynamic channels a bit from the previous idea and this is what we get:
On the one hand, the ADAUSD price has bought back up for the eighth time from the powerful $1-1.10 liquidity zone and organized a 50% bounce because buyers understand that this zone is critical for a global trend reversal.
On the other hand - the dynamic trend line was able to break through downwards with the 5th time and in the last days/weeks there were two retests from below for strength of this trend line and the sellers have not let the price go higher yet.
There are some rough estimates of possible price movements on the chart.
At the moment, crypto market move in flat till this time, and they will squeeze out all the juices from small participants with anarchic moves up and down, knocking out stops.
Only if the price of ADAUSDT rises above $1.75, it will be possible to buy carefully long.
In the meantime, the only thing we can say with certainty is that below $1 for Cardano token a real rapid super plunge may begin, because the chart below is empty, with no support, down to $0.35-0.40 . Of course, no one wants this development for sure, but we don't control the market. Forewarned is forearmed
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Cardano: Indecisive 🤔So far, Cardano has apparently refused to drop deeper into the green zone between $0.9355 and $0.2767 and has not fallen below its last low. This could imply that the altcoin’s preparation for the coming ascent have already begun. However, we rather expect Cardano to make further use of the green zone to finish wave 2 in green at its bottom before moving upwards, confirming the ascent by crossing the resistance at $1.6378. The altcoin should be careful, though, not to drop below the green zone!
#Cardano Bulls Reject Bears, will ADA Float above $0.45?Past Performance of Cardano
Cardano prices are relatively firm versus the BTC and ETH at spot rates. While the crypto market is down, ADA prices remain inside a $0.25 range, with support at $0.45 and resistance at $0.65. Besides, there is an M-formation, with ADA retracing from the double top. Currently, ADA is down 12 percent week-to-date, but buyers stand a chance above $0.45.
#Cardano Technical Analysis
ADA traders are confident. As the crypto market falls, Cardano bulls have been holding the line above $0.45, the immediate support. Additionally, there are hints of strength with the June 13 bear bar closing with a long lower wick pointing to demand in the NY session. Nonetheless, risk-averse traders can wait for trend definition. Losses below $0.45 may see ADA fall to as low as $0.30 in the medium term. A welcomed recovery above $0.65 may offer relief, allowing prices to retest $0.80—March 2022 lows.
What to Expect from #ADA?
Cardano prices are propped by bulls' expectations of enhanced network performance in the upcoming hard fork. Still, from a technical angle, prices must first pierce $0.65 to buy trend resumption.
Resistance level to watch out for: $0.65
Support level to watch out for: $0.45
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardano ADA short Entry Range, Take Profits and Stop Losspreviews price target reached
ADA/USDT short
Entry Range: $0.45 - 0.49
Take Profit 1: $0.40
Take Profit 2: $0.37
Take Profit 3: $0.26
Stop Loss: $0.57
ADA SHORT - MA 50 rejectionShorting here - Rejected at MA 50 on 6/8. Should the rejection continue with a nice profit. Use stop losses and take profits when you are ready.
