ADAUSD ( cardano) price action weekly analysishi every body checkout my last price action analysis , today i want to share the most important area for cardano crypto currency in the easy way to understand.
cardano is testing the 1$ price zone area ,
as you can see in my chart this support zone is the monthly and weekly support area which is so powerful , and bulls gonna push price up until price is on the top of this zone ,
and the fundamental shows that cardano have a lots of potentials to rise
but if price break out this powerful price zone , i think bears can push price down to the 0.40 cent prices
Cardanoanalysis
Cardano: “The Long and Winding Road”“… that leads to your door will never disappear…”
Quite similar to the road in the famous Beatles-song, Cardano’s development has also been a long and winding road in the last few months. Now that it has finished its extended wave as well as its shorter wave in magenta, we see Cardano heading through the support at $0.92258 and to the green door between $0.93552 and $0.27674. In this door frame, the price should turn around and rise up again.
Still, there remains a 25% chance that Cardano does not make it into the green door frame, but instead rises above the resistance at $1.63781. If it has managed to get this far, the price could also reach further destinations at $2.4574 and $3.1000.
Cardano(ADAUSD) IN IRREGULAR CORRECTION SHORT TO $0.8Macro-level
Looks like we are still in Wave 3 of the 5 wave series for Cardano(ADAUSD)
The Wave 1 was completed in 2018 at $1.3
Wave 2 ran for a very long period till end of 2021
We are now in wave 3 for the bigger wave cycle
Wave 3 is an impulse wave with 5 sub-waves (1-2-3-4-5)
In the bigger Wave 3 we are in sub-wave (2)
Looks like Sub-wave 2 is making an irregular correction (A-B-C)
Micro level
In a complex A-B-C irregular correction the waves are subdivided into 3-3-5
W(A) is a 3 wave ended at $1
W(B) is a 3 wave structure and ended above the start of wave(A) at 1.38% extension of W(A)
Wave(C) is a 5 wave and drastically drops to the end of W(B) or even a little lower to 1.618% of Wave(A)
We are now in the 5 wave series of Wave(C) - its at sub-wave(4)
If we are in the downward cycle with the whole crypto market going down, my guess is this might end at 1.618% at
$0.81 in the next few weeks
Please comment and appreciate your feedback
ADA Flight for Cardano is provided, the only question is whitherWe are analyzing the "first order" from the voting under the idea of "Bitcoin weekend №17"
If you look at the ADAUSDT chart, you can see that the price is moving upward in a channel.
And if we draw this channel by the highs and lows, we will see that the price moves exactly from border to border.
Today the ADAUSD price has stopped at the level of $2.88 so far. The sellers did not even let them approach $3.00, because the channel border is a bit lower.
In fact, in two weeks the price of ADAUSDT increased by x2 from $1.44 to $2.88
If you look locally, the breakout of the $1.50 level upwards took place on increased volumes and buyers did not even give a chance to test this level for strength from above.
However, if you look at the entire movement of the ADA price in the channel, we will see that trading volumes are fading and over the last month they are just scanty in comparison.
Now we would like to see a correction in the price of the Cardano token in the range of $1.73-1.93 , we will take the average price of $1.83 as a basis.
And when and if the price reaches this zone, then we will analyze: the nature of the price movement, at what volumes the price movement will be and in general what mood will reign in the crypto market in the future.
After this analysis, it will be easier to predict which further variant of the ADAUSDT price movement will be more probable. Since now, theoretically, there are equal chances for the price of ADAUSD to renew the maximum to the $4.30 region or to begin a deep correction to the $0.40-0.50 region.
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CARDANO BULLISH?Cardano pullback at strong support. Make reversal, above EMA 20, EMA 50 TF Daily. Also break Resistant Area around 1.454 -1.500
Target price around 2.325 at Area Fibonacci 0.618 also Resistance Area with Stop Loss at Support Area 0.986 - 1.062
Looks previous idea here:
note: only take position after confirmation and do your own research before trading.
Cardano: Tie Your Hiking Boots 🥾🥾Cardano has tied its hiking boots and packed its backpack for the long trek uphill. It has left the valley where wave in magenta ended and has begun the new ascent. Thus, Cardano is sufficiently warmed up for the continuing climb and should reach a first target at $2.4574. From there, it can already see the next summit cross at $3.1000.
However, there is a not too small 45% chance that Cardano might need to go down again – to get its shoes repaired or to grab some more food supply or because it has forgotten to pack its rain gear, which is much needed in alpine terrain…
CARDANO (ADA) TO THE DOWN SIDECardano is going to make make a new low around $0.90 to finish the correction as a WXY complex correction on the 4th wave. We are currently on the 3rd wave of the C of (Y) of ((4)). Most probably we can see the bounce from trend-line support and for now no buy position.
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.
#cardano #ada #adausdt
Cardano The 5th Wave Of Growth, Dec 27This chart is my view of ADA
This is my most possible scenario
In my scenario 4th wave was a running flat correction which ended and now I imagine 5th wave of Cardano.
Two things that makes me more sure about it are:
1) Prices remain above the white trend line
2) Price break the red trend line
" I had also two other scenario, in one of them it says also that this is the end of wave 4th and beginning of wave 5th, the other says this is the beginning of wave B of wave 4th but both are saying we expect a grow! "
CARDANO ALMOST ON THE LAST SUPPORT AREA.Cardano almost on the last support area.
Price around 0.986 - 1.062
Price previously reversal there, just wait and see before take position because for now still too risky.
Wait for confirmation before take any position.
note: only take position after confirmation and do your own research before trading.
ADA USD ENTRY LEVELS LONGADA - Cardano depreciated a lot to USD. However, there is no turning signal yet. I think we could test eve n $1 support. Market Volume is still low.
The actual price could be interesting for long-term investors. So if you think about the long hold, you can start slowly building your position.
ADAUSD Fib Dump ScenarioPrice can be seen to rise along fib circle (1)
Applying this same action, we can assume a dump along 2.618 as price passes vertically against the 2.618 fib circle line
If this occurs, price will likely recover at the .382 fib retracement line, which has been a previous place of support
A pretty radical idea, but not impossible
ADAUSDTCardano, is the time to buy a new dip?
Above is a technical overview on ADAUSDT and the most important zones to take in consideration!
Cardano currently is at a very important zone based on the bullish trend on Daily frame in combination with the supply and demand zone and moreover we have an important Fibo Level.
i would love to consider current level a good dip to invest more in this project!
This is not a financial advice.
Trade safe, Joe!
ADA Cardano: Downside Support AreasHello friends, today I am completing a technical analysis on the 1D linear scale chart for Cardano ( ADAUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines.
#CryptoPickk notes the following:
1) The Cardano price has been falling since reaching an all time high in September 2021.
2) Due to the weakness in the crypto and financial markets, Cardano price recently saw a major drop on top of the existing drop it was experiencing. The price may fall further so keep an eye on the support lines noted.
3) A Trend-Based Fibonacci Retracement is shown with the Support 3 line in the same area as the 0.382 fib level.
4) This is also in the same area as the multi-month bottom support trendline.
5) Cardano price has potential to regain momentum if it breaks outside of the resistance line shown on the chart.
What are your opinions on this?
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 is so valuable at these prices ✔Hello dear Traders. I hope you are having a great day.
Today I am looking at the large picture of ADA chart. As you can see price is moving a ascending channel long term and in the descending channel
short term. In my opinion correction will finish once price touches the bottom of the ascending channel around 1.4$. But I would start buying ADA if
I were you at the current prices. You can DCA until 1.4$. Short term targets are shown on the chart and long term target of ADA can be when it touches
the top of the ascending channel.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on ADA and don`t forget to comment what you think. ✌
Cardano Coin on its strategic supportHi my friends
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The Cardano coin has gained significant support in its correction process after a great flight.
My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days
Appropriate entry points, goals and stops are marked on the chart
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Be rich and generous
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ADA/USDT (CARDANO) HAS FINISHED 2nd WAVEADA/USDT ( CARDANO ) has finished 2nd wave as a preferred count but we can have an alternative scenario also which is where level as a red degree, If we see more downside and go below $1 then we can go more downside for making 2nd degree of a bigger degree.
#ElliottWave #Cardano #ADA
A Bearish Idea for ADAUSDPrice can be seen in the larger circle to stick to the outer side of the circle, and eventually get rejected.
This pattern can repeat within a smaller circle (blue) and eventually lead to a complete breakdown in price. (along the white line)
Attached is a bullish Idea on the same chart, choose your destiny.
adausdt 2 posible rissing up!this analysis's free
so enjoy it...
we know CARDANO is so strong
so we need to be carefull to be a good buyer!
we had a sweaped flag limit when price rechead 1.895
so this flag must hold the price at the MPL but this mpl is ENGULFED resently! it means we have a RETRACEMENT! not moving up and up..!!
so this these are two STONG POSSIBLE STORIES :
STORY 1 (orange line)= there is a MPL between 2.161 _ 2.192 (green box)
if the price can ENGULFE this mpl it means it will go up and up by higher lows until it can engulf the next mpl between 2.590 _ 2.712 (white box) and little retrace and move up to 3.000 and higher!
we are buyer here about the 1.850
STORY 2 (red line)= I like this one because we can buy at a lower price and its more POSSIBLE! cardano is taking every bullish mpl and it might NOT be the last one why? because it engulfed the last one! so it means cardano still wants to see the prices!!! so there is a very good flaglimit at 1.501 _ 1.458 by the way its a WEEKLY ORDER BLOCK there! we want to see price go the UPPER MPL and NOT ENGULFE this mpl and go right to this area (about 1.500) and BOOM!!!!
we are buyer here about 1.496!!!
helped by priceaction and RTM & ICT METHODS & ORDERFLOW & SMARTMONEY CONCEPT
sincerely BEARBOURSE