Get started

Cardanoshort

ADA → Cardano Gearing up for a Reversal? Let's Answer.ADA has been on a strong bull run since October of this year and we've finally come to the end of a measured move and three legs up. Are we gearing up for a reversal? How do we trade this?  🤔 We don't have enough evidence for a short entry just yet, but we do have some key data points in our favor. We've completed a measured move to the current price, had three pushes up in a bull trend, two failed attempts to break $0.68, and a gap down below the large bull candle. What we're missing are the sell confirmation candles. ADA needs to break below the Daily 30EMA, close a strong bear candle, and possibly test the 30EMA as resistance before we enter a short. The re-test of the 30EMA as resistance isn't required, but would add to the probability of profit if achieved. Once these conditions are met, it's reasonable to enter a 1:1 Risk/Reward Ratio trade around $0.565, placing a protective stop around $0.70, which puts your take profit at $0.43 above the previous high or "Support Zone". This is a conservative trade because we have several areas of support to consider. 💡 Trade Idea 💡 Short Entry: $0.565 🟥 Stop Loss: $0.700 ✅ Take Profit: $0.430 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Potential Double Top after there pushes up. Bias to Short. 2. Large Pin Bar Top on Second Attempt. 3. Wait for break below Daily 30EMA to Enter Short. 4. Large Bull Bar after Breakout, Gap to Close. 5. RSI at 57.00 and below Moving Average. Bias to Short. 💰  Trading Tip  💰 Reversal trading is inherently low probability because you're betting against the trend. The tradeoff is your reward will be much higher if you swing trade it. This kind of trade is the inverse of trend trading, where the probability is higher but the reward is lower. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDShort
by TraderEngineering
4
ADA → Cardano Failed to Break Resistance Zone. About to Fall!?Cardano had a failed breakout above the Resistance Zone at $0.62, followed by several failed attempts to break it again. Does this mean we enter a long? How do we trade this? 🤔 Entering a short right now is reasonable if you accept the low probability nature of reversal trading. The number of failures to break the resistance zone are great signals to enter a trade, but additional confirmation to the downside with a strong bear candle is preferable. Due to the current distance to the proper stop loss placement above the Resistance Zone, it's reasonable to take a 1:1 Risk/Reward Ratio trade down to the support zone. Use a smaller position size given the additional risk. 💡 Trade Ideas 💡 Short Entry: $0.575 🟥 Stop Loss: $0.665 ✅ Take Profit: $0.485 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Failed Breakout at Resistance Zone, Sell Signal. 2. Failed three times to break Resistance Zone after Signal, Confirmation. 3. Gap to Daily 30EMA and Support Zone. 4. RSI at 60.00, Below Moving Average. Bias to Short. 5. Watch for Bitcoin Trend Change at $46,000. 💰 Trading Tip 💰 Price seeks balance and will naturally move toward moving averages. Trade with the trend for maximum probability, but also expect gaps between the price and moving averages to close before they widen. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDShort
by TraderEngineering
ADA Going to $0.32? Head and Shoulders Pattern Appearing!ADA is currently in a fanning bull channel, meaning the support and resistance lines "fan out" or widen as the trend continues. The final bull push happened at the head of the head and shoulders pattern, signaling the end of the trend. The right shoulder is currently forming and once the price falls to the channel support, could mean Cardano falls to at least $0.30. How do we trade this? The probability of profit is always greater trading with the trend, but we have a reversal pattern playing out which brings us pause entering in a long. Bitcoin, a leading indicator of the crypto market, is stalling in price and pulling back. My recent 4HR and Weekly analysis depicts Bitcoin's fate, which shows a falling price. This could hinder ADA from climbing in price, so we need to see what happens when it comes in contact with the trend support line around $0.36. If we see a bull signal bar (strong bull bar closing near its high with a tail 1/3 to 1/2 the size of the bar) followed by a strong bull confirmation bar (large bull bar closing on or near its high), then we have a long signal. If ADA has a bear bar closing below the channel support followed by a failed attempt to come back into the channel (confirmation), then it is reasonable to short to the 4HR 200EMA around $0.32. Key Points 1. Fanning Bull Channel: Price swings increase as the trend continues, probability of profit is higher when longing 2. Potential Head and Shoulders Forming, a reversal pattern that should bring pause when wanting to enter a long 3. Bitcoin is a Leading Indicator, the Risk of Pullback, could hinder ADA's ability to climb 4. RSI has Room to Fall. A weak indicator on its own, but supports #2 and #3 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
KRAKEN:ADAUSDShort
by TraderEngineering
2
Cardano(ADA) Long Term Analysis Hello my friends, How are you doing? It's a new day and I want to talk about Cardano to you. Actually, I really like this asset. But at this price, it's so dangerous to buy. I want to show you where is the best place to buy and Hold and what's the Final target. As you understand it's a big scale about Cardano. So don't forget to Like 👍, share with your friends 🤝, and then Follow ✌️ me to be able to see my next analysis. Did you do that? So, let's go. Here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Ladies and gentlemen, let me introduce Cardano and the best zone to buy 😍😍 I want to analyze Cardano in Weekly Time Frame. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Everything changed when we lost 0.33 USD in Cardano 🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️ As seen on the chart The price is so close to the first Support zone in 15-17 Cent and I expect the price to react to this support. But it's not the End of the movement. I expect the price to go up and then drop again. because the main correction has not ended. The Second zone is between 8-9 Cent and it's the best zone to buy and hold Cardan for a long time 🧞‍♂️ Everybody who buys in this zone will be rich. Because from 0.09 To 10 USD. It would happen around April 2024. There is too much distance and I want to tell you and huge profit is coming. I mean it's more than 10000%. Such a wow. As I told you my final target for Cardano is 10 USD 😍😍 So, don’t miss this chance. We will enter into the depression zone soon. Please be patient and put your order carefully. We will never see this price anymore. Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments. Wish you health and wealth 💶 I hope you will fulfill your ambitions. Sincerely Yours Ho3ein.mnD ❤️
BINANCE:ADAUSDShort
by Sticky-Stock
13
#ADAETH - Rejection Off Top Trend Line Incoming?It looks to us like #CARDANO is about to hit some resistance and reject to the downside against #ETHEREUM. Price has been caught in this closing wedge for some time and we're going Short once again off this top trend line. There is one layer of support going through this wedge which could be a good place to take some profits, but we'd also like to keep some of the trade open for further drops to the lower edge of this wedge. If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster
Short
by theCrypster
3
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 | SHORT 1HR ░▒💀▒░COINBASE:ADAUSD THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".) CRYPTIK-ONE: OK, Evie. Back again. I am posting a Short Play for ADA. EVE: Great! What are you shorting it against and why? CRYPTIK-ONE: USD. Technically I am not shorting. Only posting the short play for others. It's a 13/1 risk/reward ratio. EVE: When do you think this play could be in the green? CRYPTIK-ONE: It's congruent with my forecast so 1-3 days for this to play out on the 1 HR chart. EVE: That's all I have for you today. I think that wraps it up. It's been great having you and thank you again for the predictions and the great work that you do for our community. Take care and I'll talk to you soon! CRYPTIK-ONE: Thanks Eve. Peace Out Girl Scout. EVE: Peace out, Cryptik One.
COINBASE:ADAUSDShort
by CRYPTIK1
1
#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.
Short
by Bitcoin_Analyzer
1
ADA Crash Time - SHORT ADA for 61% Gain - No Support Until $0.30Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! ADA/USDT has recently fallen, retested and bounced back off the LAST LEVEL OF SUPPORT until the $0.30 range. The recent price action shows that ADA is likely to trend down to the next level of support which is all the way down at $0.30. As there is literally no support on the Daily or Weekly candle until $0.30, there is a possibility of a 61% Shorting opportunity. This ADAUSD trade is inline with my overall Bitcoin thesis where I believe that Bitcoin will trend down to the $20,000 range over the next 6-9 months. Entry: CMP (Current Market Price) Profit Target 1: $0.69 Profit Target 2: $0.43 Profit Target 3: $0.30 LEVERAGE: 3X TO 10X Stop Loss: $0.85
BITFINEX:ADAUSDShort
by TheUnbounded
8
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.
BITTREX:ADAUSDShort
by MarketIntel
1
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 $0.92258 again.
BITTREX:ADAUSDShort
by MarketIntel
1
CARDANO 364 days range BREAKDOWN? Here we can see that Cardano is breaking out of 364 days! range and starts losing 1$ support level on the daily timeframe. Give it a few more closes below and things can get really ugly. Bearish case: Now we almost have the first daily close below 1$ level in 364 days, which indicates that bullish trend might change. The problem is that there are no strong support levels below 1$ because the pump before was very fast and unstoppable forming a huge "price inefficiency" gap (price didn't trade enough at those levels). So the first strong support is 0.4$, which is almost 60% below current price. I'm not saying we will get there straight line, sure there will be bounces, but levels of support are more like psychological (0.75$, 0.5$ etc.). So keep that in mind. Bullish case would be Sharp reversal above 1$, it should be very fast, anything slow is not ok, because price starts forming bearish momentum which tends to accelerate after breakouts of critical levels (cascade liquidations, price inefficiency gap fills). Manage your risk, like this idea, wish you all the best!
Short
by hello_hello
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.
BITTREX:ADAUSDShort
by MarketIntel
1
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.
BITTREX:ADAUSDShort
by MarketIntel
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.
BITTREX:ADAUSDShort
by MarketIntel
1
25th Sep 2021: Cardano On The Road to $1.550Cardano. A promises, yet stable coin and humble founder. This is the promising coins after Monero, Solana and XRP. Yet no one will believe this coins when many people fund their money to XRP while in the chaos of struggling on SEC that never ending. Cardano with the smart contract for a greener blockchain has been announce recently but failed to tackle the situation to bring the trust, hope, promise and momentum to the coin. Since all the blockchain sharing the same 'chain', it is difficult for any crypto under the dominance of 15% to conquer the energy of momentum. Either Bitcoin crash, and all other crypto also crash due to the same environment system. In order for one coin to survive the domino effect, they have to create the new system environment of the Blockchain 2.0 OR with other coding of blockchain which unique code system. That is why all the trader putting their money on Bitcoin because the popularity, the momentum and trust. Either microstrategy or Elon musk traded the bitcoin and not Cardano. Why? That answer is simple. Leader. Whoever once control the bitcoin, will control other coins. Satoshi Nakamoto once in a paper wrote its first journal towards the operation system and thesis for the calculation in the algorithm of the energy currency with the help of system on the AI. Long time ago when I made a research towards Elon Musk thesis, I found out that he once saying AI is the worst things human ever created. Since I am not relating Satoshi with Elon but the conclusion made me thinking on the other thesis in the system works for altcoins. Wiping $344 billion off the market in a single 24 hours after panicked buyers sold off their tokens. Meaning some of the institution make their liquidation before the times end. Every thing that has been created, will has its own time to end. We are survice the second phase of the variant and crashed is a common things to happen in investment industry nowdays. In my calculation of the century, Cardano once again will visit the key value of $1.550. Every thing that do not had a base, will visit again the base. It is same like we constructed a house with a proper base founding. What goes up, will comes down. All the madness and craziness in the rich quick scheme is not there where none of cryptocurrency gone through a major success. A drastic drop is a burden to other cryptocurrency holder. Many institution has liquidated their fund to enjoy the benefit but a holder has never enjoy their benefit of holding and some of them thinking to holder for a 10 years period but as soon as it gets to withdraw, it find most of it in a major catastrophic scene. We believe in cryptocurrency is the new system that can develop a very good finding in transparency world of finance. The top cryptos — bitcoin, ethereum and cardano, binance as well as the emerging Solana — all fell by as much as 12 per cent in this recent wild swings. We learn something that even a believer holder once a panic attacked will withdraw their funding. The market capitalisation of the combined world‘s cryptocurrencies dropped by $2.62 trillion, more than 10 per cent For the time being, Cardano is looking towards its market caps, dominance, bitcoin health and miner environment. The success of Cardano is dependant. But Bitcoin is otherwise - undependable As Cardano is believe firm onto the $2.00 value, this will be shaken and will losing its level as it does like other coins. Evergrande’s is the blame to the crypto after the Microstrategy but we will soon findings many bad news in this Q4 before the end of the 2021. All the agenda will be revealed one by one. Zezu Zaza 2048
Short
by Zezu_Zaza
3