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ADA opportunity It has been few days since I haven't update you on ADA. It has to retrace exactly where I was expecting on the breakout of the bearish head n shoulder, touching the 1.9 level. It is now forming a flat triangle. ADA has just breakout a month resistance trendline and I expect it to accelerate to the 2.45 level. I highlighted my Stop Loss which is aggressive. The expected final target of this 4-6 months bull run is around 20 dollars. Short term I expect ADA to find resistance at the 3.1 before the full bull run kick in. The HTF shows we are now in the 5th impulsive wave of the bull cycle. STF shows that we just completed wave 2 of the new primary trend bull run and we are now approaching the 3rd wave, the most aggressive of the 3 impulsive waves. FOLLOW ME, SHARE, LIKE IT AND COMMENT
BINANCE:ADAUSDLong
by CFcryptoTA
ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside. The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls. Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin. Cardano Price Stuck In Wide Range Cardano spears stuck in a wide range, marked by the demand zone in green and the red area in red on the daily chart. Bulls firmly defended the support accentuated by the 100-day Simple Moving Average (SMA), a move that ensured that declines did not stretch to $1.5. The token commenced recovery together with other crypto assets on Friday but lost steam before reaching $2.5. The 50-day SMA added weight to the resistance, cutting short the uptrend eyeing $3. Meanwhile, the Moving Average Convergence Divergence (MACD) highlights a buy signal hints at the trend leaning upward. As the 12-day Exponential Moving Average (SMA) crossed above the 26-day EMA, the odds soared in favor of the bulls. The momentum calculating technical index only needs to rally above the mean line to validate action above $2.5. At the same time, the Relative Strength Index (RSI) confirms that neither buyers nor sellers have the upper hand. This trend following tool also calculates the strength of the bulls and the bears. Currently, the leveling motion implies the prevailing consolidation will last longer. The IOMAP by IntoTheBlock reveals the absence of a robust resistance with the ability to hinder bulls from achieving their goals, at least to $2.5. According to this on-chain metric, the only area of interest runs from $2.22 to $2.28. Here, the slightly more than 101,500 addresses that purchased 2.41 billion ADA will be trying to break even, thus reducing the impact of the buyers. However, if the price slices through, the run-up to $2.5 will be quick. On the downside, Cardano sits on top of robust support spanning from $2.15 to $2.21. Here, around 132,400 addresses previously bought 5.58 billion ADA. It will not be easy for bears to break this support barrier, leaving ADA safely above $2.1.
BINANCE:ADAUSDLong
by CoinGape
2
ADA(CARDANO) , 5th Elliott wave almost 200% gain ahead. hello everyone , how yall doin ? so as yall see , the numbers are showing the elliott waves . Where is the fifth wave going to end ? it's simple (like always) , just have to use Fibonacci Extension . 38.20% , 50% and 61.80% are important percentages , so our first target is the red zone (it's the zone between 38.20% of Fibonacci Extension and 200% of Fibonacci Retracement). "Can it go upper than that ?" ----> we don't know ,just gotta wait and see , but it's possible ... if you liked the idea , give it a like . and if you wanna see more of these , follow , heck of analysis are on the way !
Long
by ArminChiani
2
ADA Digs Into Crucial Support, Is The Rally Over? Cardano loses ground within the confines of a descending parallel channel. The recovery from $2 support is a daunting task for the bulls, especially with the resistance highlighted by the IOMAP metric. Cardano continues to bite into the key support at $2 amid a highly challenging recovery journey. In early September, ADA climbed above $3 and traded an all-time high at $3.1. The correction that comes into the picture has not slowed down since, forcing the recently upgraded token to stay closer to the primary support. At writing, ADA trades at $2.15 while dealing with growing selling pressure at the descending channel’s upper boundary. This pattern has been in place since Cardano retreated from $3.1. If broken, the third-largest cryptocurrency might find new lifeblood for gains toward $2.5 and later $3. Cardano Price Recovery To $3 In Jeopardy From a short-term technical perspective, it is clear that buyers are having considerable difficulty sustaining the uptrend. On the downside, the smart contract token is in danger of dropping under the demand zone in green, a move that could trigger massive losses. If support at $2 is lost, panic will grip investors while lower levels like $2 and $1 beckon. Traders must keep in mind that the Moving Average Convergence Divergence (MACD) has a bearish outlook based on its position below the mean line on the daily chart. A sell signal from early September has been sustained and continues to encourage sellers to increase their positions. The Relative Strength Index (RSI) adds credence to the ongoing downtrend. Its position below the midline emphasizes the bearish grip on ADA. Similarly, the channel’s middle boundary is a key support line that must be defended if Cardano wants to close the gap to the supply zone in red. Otherwise, the least resistance path would keep to the south. Meanwhile, data by IntoTheBlock suggests that sellers have the upper hand. The IOMAP model highlights immense resistance at $2.23 and $2.44. Cracking these zones will not be easy because investors will be trying to break even, thus reducing the effectiveness of the tail force. On the downside, Cardano is sitting on top of relatively weak support areas, which means with a slight push, the token will start exploring the levels below $2. Cardano Intraday Levels Spot rate: $2.15 Trend: Short-bearish bias Volatility: Low Support: $2 Resistance: $2.23 and $2.44
COINBASE:ADAUSDLong
by CoinGape
1
ADA update ADA has reached the target from my previous chart completing the previously discussed HnS, and I have entered around 2. It is now attempting a break through the 50-day VWMA, which was previous resistance. I suspect this will fail as ADA is not showing great momentum yet, and the stochRSI start to look weak in the intraday frame. However, if 2.42 is broken with great momentum, ADA will reach 2.79 to steam off before completing an inverse HnS and reaching a new high at 3.8. My loading zone is at 2.05 right now. If the 2.42 will get violated, then I will buy on the retest. I am happy with my ADA bag. However, it is never enough.
BINANCE:ADAUSDLong
by CFcryptoTA
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 2.202 (stop at 2.132) Daily signals are mildly bullish. We are trading at oversold extremes. Posted a Double Bottom formation. A break of bespoke resistance at 2.200, and the move higher is already underway. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. Our profit targets will be 2.398 and 2.448 Resistance: 2.200 / 2.300 / 2.400 Support: 2.100 / 2.000 / 1.900
KRAKEN:ADAUSDLong
by Signal_Centre1
2
Cardano is heading for a new peak.Cardano is currently in a tame rising state, whereupon it slowly manages to process its longer descending transitions. Cardano is super flexible and it has super much potential when it first seeks the green direction. The approach of the analysis I have drawn up shows strong progressive signs of gradual increases in Cardano's price levels. It regulates between 2.1 to 2.5, subsequently 2.5 to 3.0. There is a probability that the crypto will reach a new height by November. Happy Trading!
Long
by MrBrunoBang-Christensen
4
Cardano (ADA) Where Are We Now??Looking at the Cardano (ADA) 4hr chart you will see we broke out to the downside, but have not yet reached the target level of $1.64 (This could still play out with a further downward move), however we have strong support at the $2.00 level, which for now is holding up, having been retested it twice (20th Sep and 21st Sep). Currently the price sits at $2.15 with a trend to the upside. Our next resistance zone is sitting around the $3.34 level. Should we break that level then then next resistance would be around the $2.78. If we fail to break the $2.34 level I expect a move back down to the $2.00 level which would provide another buy the dip opportunity. *Note the more we test the $2.00 support level, the more likely we are to break it and move further down. I expect with chatter of the upcoming Cardano Summit on the 25th/26th Sept that we could see an upward move in anticipation of potential partnerships.
KRAKEN:ADAUSDLong
by DJCoope
Cardano essential uptrend!As Cardano investors, you have to be persistent and hold your position until a green solution emerges. We need to be patient and less demanding, the market is red and we need to HOLD! Cardano possesses a red downward trend, which is reversed at a bullish unknown time. After this reversal, some high economic conditions will emerge, which will benefit our green numbers. My best advice is to follow the analysis, and pay attention to the state of the crypto state.
Long
by MrBrunoBang-Christensen
1