Get started

Cardanoanalysis

Cardano Slows Down after 70% Gain, Support at $0.38Past Performance of Cardano Cardano prices are up 16% from last week's low and over 70% from Q4 2022 lows. Even though the primary trend is upward, the consolidation of the past few days within the February 15 bar can be a concern. The immediate resistance level is $0.42, while the support is $0.38. For the uptrend to resume, buyers must break above $0.42 with rising volumes, paving the way for more gains in the short term. Cardano Technical Analysis Cardano is bullish, as mentioned earlier. However, ADA prices are inside the February 15 and 16 trade range. The February 16 bar has higher trading volumes and reversed losses of the February 15. Since ADA prices are inside this bar's range, traders must have a clear definition before committing. If bears flow back, confirming losses of February 16, ADA may drop to $0.35 in a welcomed retracement. The uptrend remains valid as long as prices are above December lows at $0.23. Conversely, if there is demand today, ADA may roar above $0.42 and November highs, setting a new trend that may see it retest $0.52, or September 2022 highs. What to Expect from ADA? ADA holders are optimistic after the performance of the better part of February. Even so, trend definition in the short term is critical. That means Cardano bulls must clear $0.42 if ADA has bottomed up. Resistance level to watch out for: $0.42 Support level to watch out for: $0.38 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Cardano Breaks Above $0.40 as Trend ShiftsPast Performance of Cardano Cardano is firm, printing higher after finding support on February 14. There are hints of strengths as buyers look to build on recent gains. ADA prices broke above the recent $0.05 range turning the previous upper limit at $0.40 to support, reading from the formation in the daily chart. For bulls to sustain this, today’s close must be above the recent range, building the foundation for even more gains going forward. #Cardano Technical Analysis The cardano trend remains bullish. Despite the blip of February, the rejection of lower prices is massive for buyers. Therefore, as it is, ADA must build on recent gains, and strive to float above $0.40 to validate the breakout formation of February 15 and confirm buyers of last month. Notice that the February 14 bar has significantly higher trading volumes than that of February 9. Also, losses have been reversed. Aggressive traders can, therefore, search for entries on dips, ramping up with targets at $0.50. This preview will only be nullified if ADA bears flow back, pushing prices below $0.40 with higher participation levels. What to Expect from #ADA? Cardano traders are confident. The rejection of lower prices indicates strength. However, this will be confirmed if ADA prices stay above $0.40 by today’s close. In that case, ADA may rally to $0.50, or better, in a bullish continuation formation. Resistance level to watch out for: $0.50 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ADA/EUR 06/02/2023 Trade idea 10amUTC-5Hello everyone, Im of opinion that unless we close above 0.3654xx EUR followed with confidence move above, it would be smarter to short market considering where we was at January. So I would expect next move to at least 0.342xxx cents and then reconsidered possibilities of further falling or reversing. IDEA would be invalid if we move above 0.3654xx and close there with confidence, it would be smart have Stop Loss above that price depending on your risk tolerance. My is @ 0.370500€. Best regards Joe
Short
by cryptocapitaltrading
ADA ; update ; looks like a full blown turdADA ; update ; looks like a full blown turd that double bottom i was looking for fell to pieces. s and p etc looks to be wanting to at least double bottom, sweep the lows as well. they are gonna darth maul this shit while everyone is getting christmas drunk and eating too much. hard to think when your in a carb coma. knife catching the potential capitulation wick would be sick; make sure you do it on low enough leverage that you don't get blown out when it tripple wicks on the lower time frames. 15-18c ish looks like the sweet spot if history repeats. so far its looking pretty friggin similar. i think you will have time to buy that dip, no need to go full degen and watch this shitshow of an asset class every second. gl to you gentleman and ladies. have a good christmas/new years with your families/friends.
BINANCE:ADAUSD
by Crypto-Quantum-Fox
2
Cardano (ADA/USDT) Price May Not reach $1 So SoonAfter a long period of decline, the Cardano price trend is showing signs of becoming bullish. The ADA token has been falling for over a year without any indication of recovery. The price dropped into a liquidity zone, where buyers were scarce, hindering growth in 2020-2021. However, with the new trade set-up, the ADA price is trying to break out of the bearish pattern and increase significantly. Many believe that 2023 will mark a change in trend and that the Cardano token price will increase at least slightly this year. Since reaching new highs and failing to sustain a significant upward trend, the ADA price has been largely bearish. However, the price has been trading within a narrow range during H2 2022 and is expected to experience a strong bull run soon. After breaking out of the inner parallel channel, the ADA price is predicted to rise beyond $0.40 to $0.42, which is the first target for the upcoming rally. The second potential target for growth is around $0.80, which is expected to be reached by the end of 2023. However, bears have a strong grip around the $0.9 region and a significant rejection could cause the price to drop as low as $0.23. It is expected that the Cardano (ADA) price will remain bearish for an extended period, possibly even falling to $0.12 in 2023.
by Coinpedia-Market-Insight
1
Cardano ADA can be the hidden gemToday it’s time to talk about Cardano, my last trade on it was quite successful I was able to catch the countertrend trade. You can watch it here👇 I also consider now that ADA has found it’s local bottom and we can use this opportunity to trade. I have tried a lot of different technical analysis approaches and found that best way to trade crypto is the Elliott waves confirmed by trading chaos tools. On the 1D time frame of the ADAUSDT chart of the WhiteBit exchange I have drawn the considered waves structure. Cardano is printing the last global bearish wave 5 like the entire crypto market. I suppose that the wave 3 inside last bearish wave have been already finished and now the price set the local bottom. I concluded it because of the reaching the target level 1.61 Fibonacci extension, which is a natural level for the wave 3. Moreover wave 3 has the clear internal structure. Awesome oscillator showing us the wave 3-3 bottom because it corresponds to the minimal value. Wave 3-5 I suppose has been already ended. The wave is extended and longer than wave 3-3, but trading chaos approach helps us understand that. We can trade the corrective wave 4. I suppose it is going to print the flat or irregular correction because the wave 2 was represented as a zigzag. Waves 2 and 4 usually have the different structure. I have already opened long trade with the target at $0.34 because the 0.38 Fibonacci retracement is located there. This is the natural target for the flat correction. After that I expect the last wave 5 inside wave 5 and the end of the bear market. I think ADA can form it’s bottom even earlier than Bitcoin and it has much more potential to grow in the new bull run. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
17
ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022 This week, we will stick to the 4-hour time frame to analyze the price action in detail! The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday. Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34. The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit! Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance. The important price levels for this week are $0.34 and $0.38!
by CoinMarketCap
1
#Cardano Remains Bullish, ADA May Retest Sep Highs at $0.52Past Performance of Cardano Cardano fell over 80 percent from 2021 peaks, bottoming up in October. At spot rates, the coin is up 24 percent in less than two weeks, per the formation in the daily chart. Presently, ADA buyers have the upper hand and remain in a bullish breakout formation, trending above the middle BB. Even though bulls might be in control, ideally, there should be a strong upswing above $0.52 and $0.60. #Cardano Technical Analysis ADA buyers are in control in the short term. After worrying falls despite positive fundamental developments on Vasil, prices are stable and bullish when writing. Notably, ADA bulls have continued to sustain prices above the middle BB and $0.37. The 20-day moving average was a resistance line. However, the breakout on October 25 swung price action to favor buyers in the short term. For every retracement, traders should find opportunities to add to their longs, targeting $0.52 and September highs. Any drop below $0.37 with high trading volumes rewinding losses of October 25 will cancel this bullish preview. What to Expect from #ADA? The Cardano uptrend could continue in the short term. Buyers have rejected attempts for lower lows and are resilient above the middle BB and October 25. If prices exceed $0.37, ADA could tear higher to retest critical resistance levels in Q3 2022. Resistance level to watch out for: $0.52 Support level to watch out for: $0.37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
Cardano : repeating bear market shape UPDATE Cardano : repeating bear market shape UPDATE just an update to the last idea (attached), things have become a bit clearer, adjusted the fractal to suit. only thing that is unclear with that idea is whether we get one more fake bounce for a bit or not.. its obviously following the last macro bear moves. question is does it diverge, and when? if it does stop following this i'd expect it to around this price point pivot. gl
BINANCE:ADAUSDShort
by Crypto-Quantum-Fox
9
📈✌Cardano Daily Long Position: Spot✌📉BINANCE:ADAUSDT COINBASE:ADAUSD 💥Triangle pattern💥 First, please take a look at my previous analysis and positions. between now and the red area, you can open a long position in two steps. If the price rises and reaches the risk-free level, you can risk-free the position. TP1-2-3 are on the chart. The optimum stop-loss is below the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Long
by CrazyS
3
#Cardano Reversal Positive, will ADA Reclaim $0.50?Past Performance of Cardano Cardano is up three percent on the last trading day as ADA turns around after the discouraging rout of late September. Even though the primary trend remains bearish and technical indicators blinking red, pointing to sellers, ADA may be turning the corner if recent gains are anything to go by. The immediate support line is around $0.40, while the resistance level is at $0.50. #Cardano Technical Analysis ADA is up in green at spot rates. The recovery follows recent losses at the back of decreasing trading volumes. While encouraging, how ADA performs in the short term depends on whether traders believe the bottoms are in. Therefore, confirmation of the past two day's rejection of lower prices may signal bottoms. Conservative traders may look to accumulate once there is a high volume close above the middle BB, lifting prices above the $0.47 and $0.50 zone, targeting $0.55 and later $0.60. This expansion will convincingly reverse the losses of September 18, whose bar continues to shape the current trend. Unexpected losses below $0.40 and last week's lows may fast-track the liquidation towards $0.30 in a bear continuation formation. What to Expect from #ADA? Cardano activated Vasil, and the network is now more performant and scalable. Although this may catalyze demand, ADA appears to be sinking as the broader market performs dismally. Gains above $0.50 may lift traders' confidence, triggering another wave of demand, powering ADA towards $0.55 and even $0.60. Resistance level to watch out for: $0.50 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Cardano Sells Off, will ADA Crash below $0.40?Past Performance of Cardano ADA prices remain within a bear formation and below September 2022 highs at $0.52. Technically, Cardano sellers are in control, aligned with the bear bars of August 19 and September 13. In the past six trading days, despite optimism among traders, bulls have failed to unwind losses and prices remain trapped below $0.52 but ADA is holding up at around $0.45. #Cardano Technical Analysis From the daily chart, ADA bears have confirmed the September 13 and August 19 bear bars, and are trading in a bear formation, breaking out below last week’s lows. Even though there were encouraging attempts by buyers to soak in the wave of selling pressure last week, the accompanying trading volumes were relatively low. Therefore, it wasn’t surprising prices cratered earlier today in a bear formation. Even so, with ADA volatility expected to rise in the next few days, traders can wait for a break above $0.52 or further losses strongly below $0.45 before initiating trades. If buyers take charge, ADA may easily float to $0.58 and later $0.66 in a bull trend continuation formation. Conversely, bears will dominate if there are cracks below $0.45, confirming today’s losses. In that case, ADA may dump below $0.40, printing new 2022 lows in a bear continuation formation. What to Expect from #ADA? Cardano's Vasil is on September 22. Ahead of this major upgrade, ADA may likely find support considering the prevailing sentiment. Before then, aggressive traders can short on pullbacks, targeting $0.40. Meanwhile, conservative traders can wait for a clear trend to form either, solidly below $0.45--aligning with September 19 losses, or above $0.52, changing the fortunes for ADA bulls. Resistance level to watch out for: $0.52 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Cardano Bulls Upbeat, ADA Prices Could Recover Above $0.50Past Performance of Cardano Cardano prices rose on September 7, bouncing back after posting sharp losses on Tuesday. Currently, ADA prices may likely recover because of fundamental factors, allowing traders to double down and reversing the losses of September 6. As per the formation in the daily chart, traders may watch out for how prices react at $0.50, marking last week's high. Any surge breaking sellers' resilience could be the base for a leg up towards August 2022 highs. #Cardano Technical Analysis Moving forward, ADA may find support and print higher towards August 2022 highs because of optimism surrounding Vasil. Nonetheless, whether there is demand and determination from Cardano traders depends on whether ADA bulls soar above $0.50, nullifying the three-bar bear formation of September 4 through to 6. Any reversal below $0.45 may quickly dent bulls' hopes, allowing the coin to drop back to July 2022 lows at around $0.42. Conversely, if buyers build on September 7 gains, a break above $0.50 will allow traders to redouble, targeting $0.60. What to Expect from #ADA? Traders are upbeat, but bear pressure will be diminished if prices surge above $0.50, adding to the gains of September 6. If not, losses below $0.45 will align the dominant trend with losses of September 6 in a bear continuation formation. Resistance level to watch out for: $0.50 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
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. _______________________________ 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 :)
by P_S_trade
26