#Cardano Slides 11%, #ADA Bears Targeting $0.75
Past Performance of #Cardano
ADA is down to 9th on the market capitalization leaderboard and down 34 percent from April 2022 peaks. It is also flat-lining in the past 24 hours but down 11 percent versus the USDT week-to-date. Currently, ADA bears may see the coin retest March 2022 lows of around $0.75.
Cardano Technical Analysis
#ADA is free-falling at spot rates, under-performing the USDT, as bears dominate. Every high within the April 26 bear bar and $0.90 could be entries for traders expecting more losses in the immediate term from an effort versus result analysis. ADA prices are below the 78.6 percent Fibonacci retracement level at spot rates. Considering sharp losses and bear momentum from April 6, sellers may reverse gains posted in March 2022.
What to Expect from ADA?
#Cardano's ecosystem is developing, and more dApps in DeFi are launching. In the medium term, this is bullish. While ADA may be weak at spot rates, it may recover, especially if $0.75 holds.
Resistance level to watch out for: $0.90
Support level to watch out for: $0.75
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardanoanalysis
ADA Long ScenarioBINANCE:ADAUSD Signal
Entry - $0.5
Target - $2
Invalidation - $0.1
Risk to reward ratio - 3.6
Technical confirmations
Price already reached 0.618 Fib zone and continue to decline.
We expect price to reach 0.786 and maybe 0.886 zones.
There's liquidity at $0.77 so it is a good target for price to continue falling.
Aroon indicator shows a strong bearish momentum on a daily timeframe and losing it's momentum on a weekly timeframe which indicates that the price is going to reverse soon.
Fundamental confirmations
Why should price reach Entry level?
ADA TVL fell from 323 to 199 million in one month.
Why should price reach Target level?
Cardano increased block size to enhance Dapp performance.
1 of top 3 coins to buy and hold for ever according to "Investorplace".
NFT and DeFi projects being built on the net.
Vasil Hardfork launch in June, 2022.
TVL rise from 822k million to 199 million since January 1, 2022.
During the Basho development phase, the ledger continues to optimize and scale for the growing demand. Along with parameter adjustments and node upgrades, Plutus capability continues to develop at a steady pace.
Disclaimer: We are expecting price to rise after the Vasil Hardfork launch.
ADA Cardano: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Cardano (ADAUSD).
Cardano price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud resistance ahead. On a positive side, the price may be forming a bull flag as well which would bring the price back to $1.00. The RSI was rejected by the resistance trend line so a greater possibility for price to come back down.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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
ADA - Cardano - Its been awhile baby ; bull continuation optionsADA - Cardano - Its been awhile baby ; bull continuation options
If she continues on up I expect one of these fractals to play out. Zoom out and check the where the RSI is repeating patterns from.
Im looking for macro RSI / momentum patterns that seem very similar then I'll build my strategy for exit etc around that.
We can of course re-enter goblin town.
Let us pray that is not the case because I am long ADA spot and SOL perp right now. @@
*check the attached analysis when this run was all starting.
Cardano: Eager Beaver 🦫🦫Cardano is an eager beaver and reaches for the resistance at $1.63781. There is a 35% chance that it could climb above it already and continue the ascent to the next resistance at $2.4574. However, we rather expect Cardano to dive into the green zone between $0.93552 and $0.27674 once more to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v in magenta before moving upwards again.
Cardano - Update ✅I closed my previous trades on CARDANO in PROFIT, for now the coin made the shift in the market strucutre from bearish in to bullish breaking the previous high from the bearish strucutre. The long term target that i have on this coin is 1.35 - 1.40. To take a LONG entry i would like to see a retracement into 1.0$ institutional figure d1 imbalance or bullish orderblock on d1 around 0.90$ price area.
What do you think ? Comment bellow..
ADA Cardano: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Cardano (ADAUSD).
Cardano price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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: TarzanA call which makes the trees tremble resounds through the jungle. It is Cardano, swinging along the support at $0.92258 like Tarzan on a liana. As it is currently very close to the support line, Cardano could decide that is has finished wave v in magenta and continue the ascent. However, as it has dipped into the green zone between $0.27674 and $0.93352 only shallowly so far, it could still rope down to complete wave v in magenta a bit deeper, before climbing up again.
ADA Cardano: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Cardano ( ADAUSD ).
Cardano price has been on a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 and 0.382 Fibonacci Retracement areas with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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: Spa 💆🧖♀️Cardano is on vacation and has gotten comfortable in a spa. There, it has eased into the nice warm mud bath between $0.93552 and $0.27674, closing its eyes and sighing contentedly. We expect Cardano to sink even deeper into the green sludge, ideally until $0.52409, to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v in magenta. It could also extend its relaxing bath until $0.27674, though, if it is not afraid of getting prune fingers and toes. Afterwards, Cardano should be refreshed and bursting with energy, readying itself for a new ascent.
Cardano fluctuates future prospectsHey Trader!
In this analysis I will show why Cardano has the potential to make another bullish trend and finish with a target of 1.263 . By picking up support at strong support level 0.748 , Cardano can rely on a bullish trend and other levels.
In contrast, the all-coin has a hefty predicament, on the occasion of sanctions. If Cardano breaks the bottom support level, Cardano as well as other Coins risk encountering hefty deep falls.
Happy trading trader!
Cardano: Limbo DanceLimbo cool, limbo fine,
Ev'rybody gets a chance.
Clap your hands, it's party time,
Do the limbo dance!
Cardano seems to have taken David Hasselhoff at his word and is currently doing the limbo dance below the support line at $0.92258. As long as Cardano manages to stay below this limbo bar, we expect it to go deeper still into the green zone between $0.93552 and $0.2767 to finish wave v in magenta – ideally at about $0.52409. Then, the limbo dance should be over, and Cardano should stretch its limbs above $0.92258 again.
ADA volatility great for day trades - I try to get these little bounces 10 to 20 cents per. you can play 1k and make 1 to 2 hundred per bounce. It's time and time is money. So i do this when i am charting and now i am trying to find the best way to explain it, in hopes of learning more myself. Here i marked with vertical green lines buy points, I watch the TDi-Trader 248, here it's green crossing up on red buy, crossing down on red sell. (With collected picture of information)
My chart provides me a guide to areas of possible path change.
As long as it is bouncing below resistance 0 i look for this low play, above O i look for long play.
HOW LOW CAN CARDANO GOThe favourite coin of majority in the crypto space looks to be having a hard time.
Here is What you need to know for a reversal to take place.
We either have a Running flat correction or a Expanded Flat correction in play.
Depending on which fib level we get that reversal, it's uncertain to say where the bottom is for now.
However, we know that if price fails to get a bounce here, we have the 123.6 fib region next to find support, and if that fails we have the 161.8 fib support to get a reversal next.
Worst case scenario is the 1.618 fib support.
Pls like and share your thoughts in the comments section.
Check out similar ideas below.
ADA (CARDANO) STILL BEARISHADA (Cardano) will go around 50% or 61.8% for finishing the 1st wave and after that, we will bounce to the upside for finishing the 2nd wave. For 2nd wave correction, we will most probably go to the previous 4th, which is 50% and 61.8% area of fibo. After that, we will see now low on ADA.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ADA #CARDANO
ADA Cardano: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD).
The chart is self-explanatory. The price is sitting at a major support area. It is below the EMA Ribbons, 200 SMA, 50 SMA, Ichimoku Clouds and still within a Descending Wedge Pattern. Volume has been low but steady. RSI and MFI are below the Support and Resistance line. Keep a close eye on the RSI re-test of the S/R line.
Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI ( Money Flow Index), Descending Wedge, EMA Ribbons, and 50 and 200 Simple Moving Average.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments 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: Last Twitch 🐟 If Cardano were a fish and the bears were hunting for it, it would have made its last twitch by now. Last month, the furry predators had already caught the Cardano-fish at the resistance at $1.63781 and subsequently had dragged it down in the direction of the support at $0.92258. Last week, Cardano made a first attempt to escape, but the bears clamped down hard on it. Now, they seem to be ready to enjoy their prey. We expect them to take Cardano with them below the support at $0.92258 and into the green zone between $0.93552 and $0.27674 to finish wave v in magenta . There, Cardano’s second attempt to escape should be successful and help it back to $0.92258.
If the Cardano-fish is too slippery though, there is a 30% chance that it could slip from the bears’ paws earlier already and jump above the resistance at $1.63781. From there, its adrenalin rush should be strong enough to lead it above $2.4574 and $3.1000 as well.
Cardano: Skydive🪂After Cardano has parachuted down form the resistance at $1.63781, it has pulled the ripcord shortly before the support at $0.92258 and has been gliding along it for some time now, experiencing a little bit of updraft lately. However, we expect the volplane to reach the $0.92258 support line soon, where it should gain drive for further downward movement. Cardano should then ideally land at about $0.52409 in the green zone between $0.93552 and $0.27674, where the flight should end with the magenta wave . Then, Cardano should fold up and pack its parachute and make its way back above $0.92258.
As long as Cardano has not reached the support at $0.92258, though, there remains a 25% chance that there is too much updraft for it to land properly. If the wind then carries Cardano back above the resistance at $1.63781, its power should suffice to blow the price further upwards above $2.4574 and from there, even above $3.100.
Cardano ADA 3.28 is valid.They are messing with our minds.
www.coingecko.com
The total transaction volume is 90 million dollars.
It's no joke, a stock market candidate with a total volume of all cryptocurrencies of $ 90 million and refuses to list trx.
We don't need to tell you which coins will increase.
www.forbes.com
www.coindesk.com
markets.businessinsider.com
How many times have we experienced similar things in the past? Let me tell you something by accident. they all broke records.
Don't be afraid to read. Don't be afraid to argue.
Make an emergency exit from the etoro exchange. I think it's a scam. ETORO= THODEX
Not investment Advice.
ADA hold or break long term support#ADA/USDT
$ADA is at long term support zone, holding this support will increase price to resistance zone between $1.57 and $1.76.
break out from resistance zone will head up price to touch upper trend lines.
break down from support zone and ascending trend line can drop price to support zone around $0.4.