#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.
Cardanoanalysis
#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.
#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.
Cardano: Sleeping Beauty 🪡🛏🌹Just like Sleeping Beauty, Cardano is lying asleep, trapped in a green thicket represented by the green zone between $0.2767 and $0.9355. Here, the altcoin still has to finish wave 2 in green, which it should accomplish no later than the bottom of the green zone. Then, Cardano should get kissed awake and rise from the shrubbery, heading for the resistance at $1.64.
ADA broke out middle line of channel#ADA/USDT
$ADA broke out from middle line of ascending channel.
🐮 so in short-term it can rise to upper line of channel that is the same with resistance zone around $0.495.
🐮🐮 if price breaking out from upper line of channel, it will continue upward move toward $0.53 and even $0.6.
🐻 rejection from upper line of channel may valid last analysis again!!
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 :)
ADA bearish flag in short-term#ADA/USDT
$ADA shaped ascending channel and price is between the middle line and lower line.
🐻 this channel can act as a bearish flag pattern and possible drop price toward long-term support zone around $0.41 which is the same with the broken line of the falling wedge.
🐻🐮 if price holds the support zone then possible to head up again to shape an inverted head and shoulders.
ADA above support#ADA/USDT
$ADA broke out descending trend line, and now in pullback touched the broken line that is the same with support zone and ascending support.
🐮 holding the current support zone can increase the price to break out of the wedge and reach the resistance zone.
🐻 break down from the support zone will drop the price to the lower line of the wedge.
Cardano Reverses from $0.55 but Bulls are UpbeatPast Performance of Cardano
Cardano buyers are still in the driving seat when writing, adding six percent in the past trading week despite losses in early July 25 sessions. Technically, ADA prices have more headroom and could register more gains in the sessions ahead following the reversal of losses posted in the second half of last week. From the daily chart, the July 18 bull bar is defining and a surge above the $0.55 level would confirm gains and trigger more ADA demand.
#Cardano Technical Analysis
Buyers are upbeat and may propel prices higher in a bullish breakout formation. Per the candlestick arrangement in the daily chart, the immediate support level is at around $0.50. The reaction at this round number and the middle BB seems to be anchoring the current state of price action and acting as a loading point from where buyers can ramp up. Going forward, traders may continue finding entries on dips, targeting June 2022 highs at $0.66 in the medium term especially if there is a solid gain above $0.55, or last week’s highs. Conversely, any sharp dump, sustained below $0.50 with rising trading volumes, would shatter bulls' confidence, triggering a sell-off towards $0.45.
What to Expect from #ADA?
ADA prices may likely continue outperforming the markets in the short to medium term, propped by fundamental factors. Therefore, any correction toward $0.50 could provide ideal entry points for aggressive bulls.
Resistance level to watch out for: $0.66
Support level to watch out for: $0.50
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardano can double its valueSince the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value.
However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom.
The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance.
At this moment we can consider a bottom in place and look for more gains.
Important resistance is at 1usd figure with an interim resistance around 0.7
Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
Cardano: Come on!Since January, Cardano has been trailing through the green zone between $0.93 and $0.27 more or less dynamically. Primarily, we expect the altcoin to move deeper into the green zone to finish wave 2 in green. Afterwards, it should develop massive upwards momentum to make it above the resistance at $1.64, which would then augur well for further ascent above the next resistance at $2.46.
ADAUSDT 1D Conditions and price zones to buy CardanoThe cryptocurrency market is at a crossroads. While some are tired of the fall of cryptocurrencies, and FUD only adds fuel to the fire in order to sell off their assets and forget about the crypto, others regularly bribe different crypto at levels.
Today, we created an idea with a fractal of the possible behavior of the BTCUSDT price in 2022.
And as we know, in 90+% of cases, the entire crypto market is oriented precisely on this trading pair, where to move next.
- If the price of ADAUSDT trades above $0.43 in the near future, the consolidation may last all summer. However, already in the fall, growth may begin to the area of a strong mirror level - $1
- Fixing the ADAUSD price below $0.43 will pave the way for a further drop of at least -30% to the $0.28-0.31 area
Therefore, you should carefully monitor the market and trading conditions before entering a position.
Globally, the Cardano token still looks and behaves quite well compared to other altcoins. At the moment, the ADA price is above the global consolidation of $0.03-0.30, where during 2018-2020 buyers accumulated long positions before solid growth in 2021
_______________________________
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 trend lines and fib levels#ADA/USDT
$ADA weekly trend line and fibonacci levels.
price is above 1.272 fib level of last weekly swing high, last support will be 1.414 fib level at $0.158.
and you can see the support levels in between.
this will be the last support zone that price should hold it so we are mostly near the bottom.
there is a green descending resistance that break out from this will be the start on new rally but pullback to this line will be around $0.1587 so don't rush to buy yet.
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
_____________________
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!
ADA Cardano: Monthly ChartHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Cardano (ADAUSD).
The chart is self-explanatory. With the crypto market going through a correction, Cardano may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Lines, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
#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.
ADA bearish flag inside falling wedge#ADA/USDT
$ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame.
🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone.
🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
Has Cardano started a new leg higher?Happy Monday, TradingView community. After a flat weekend, buyers have defiantly hit the new week with a lot more energy. After a hesitant start, buyers came back into the crypto markets during today’s Asian session.
Today’s European session comes online. We’re still seeing strong interest, with many of the top 10 continuing to hit solid gains.
Our focus today is on Cardano. Has today’s rally started to confirm a new leg high? What has our interest is the pattern before today’s action. We can see a clear LL that failed to hold and a new HL in May. We did see one attempt by buyers fail after they tested .6850. After consolidation, today’s move is a breakout with support at .5460 and minor resistance at .6040. We want to see price close above resistance today.
Looking forward, we want to see how buyers handle their latest move back into the last supply area. A break above or firm close, close to .68 would be a good sign buyers are in control of momentum. A close below 0.600 would worry, in our opinion.
Thanks for stopping by, and good trading.