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CARDANO Trendline Breakout Long Trade to $1.50Cardano has been trading under an extended resistance trendline that has kept prices down. It has just formed a bullish RSI divergence on the 1H timeframe, suggesting that bearish momentum could be taking a pause. If price is able to break above the resistance trendline at 1.42, we can see a rally to the critical $1.50 level. The 1.50 is an important level for Cardano as it has served as support and resistance multiple times. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
1
CARDANO:DOWNTREND|NEW OPPORTUNITY TO GO SHORT|SETUP 🔔New Opportunity after our previous Take profit Idea.... Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
COINBASE:ADAUSDShort
by FOREXN1
13
ADA/USD 6hrHi. Hope everyone is having a great day : ) ADA continues to make higher lows inside an ascending triangle. ADA appears to have just started a bounce off the bottom trend line which is an area of heavy support as seen by the thick green kumo cloud. However, the buy to sell ratio at this price level is $32.8M:$32.1M which looks like price will move sideways, maybe even a small dip. If you go back to April 22nd on the ADA chart youll see a fairly large dip before price took off. Dont be surprised if similar happens. If I had to guess where the breakout is to take place, either up or down, I would assume somewhere in the square. In ascending triangles, breakouts occur 64% of the way to the apex. The conversion line (thin blue line) is starting to shoot upwards which is a great sign if it can get above the red base line then price movement follows suit. Even looking 26 periods ahead you can see the kumo twist initiating that indicates potential future price increase. As far as MACD and the SRSI, its fairly boring and moving sideways / slight downwards for now. Overall I am still bullish on cryptocurrency. I dont believe we're in the start of a bear market but we will see what happens with this pattern. Of course this is not trading advice. Mostly so, I hope I am able to provide you with hopium. Cheers!
BINANCE:ADAUSD
by TheRektSaga
ADAUSD 4h Trading SIDEWAYS Range LONG On a 4H chart it seems like there is a double bottom in the forming on the lower band of the channel, that holds the price for the past 3 weeks. On a larger scale we can see an attempt of inverted H&S that failed at the now upper channel resistance level. Full double bottom formation would most likely mean retest of a channel resistance - with RSI and MACD levels low, there could be a breakout if the overall crypto market starts gaining strength. For now ADAs price stills correlates to BTC movement. Past few days it seems like a market could be forming a local bottom, opening a potential for a slow climb towards previous highs. PERSONAL TRADE: Enter trade at: 1.45 TP: half at 1.75, half keep for chance of a breakout SL: 1.30 Risk reward ratio: 2:1 + (depends on second half Profit taking) Would re-enter the trade if price comes to retest pre resistance in case of a successful breakout. Check my MACD Histogram Script. You can get it for free if you click on my profile and check scripts section ;).
KRAKEN:ADAUSDLong
by zArtac
1
ADA, Cardano - 2️⃣ scenarios for long positionPrice formed a clear resistance line. I see 2 scenarios for buying. 1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest) 2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32 This idea not for people who want to buy and hold. It's idea for everyone who understands how to trade. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8
ADAUSD - LONG TO $2.30 (40% ROI FROM ENTRY)We have an ascending triangle with three credible support trendline on the chart. Price retested the trendine and resulted into a bullish pin bar which indicates a long position incoming. Therefore, I expect price to break the neckline upward and to continue in that direction. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.
BINANCE:ADAUSDLong
by PetrockFxTrading
2
Cardano consolidating 4hrCardano could be considered one of the hottest crypto's on the market. Over the last few months it's hit a few milestones. Staking went live along with full decentralization Coinbase and Coinbase Pro added it thus giving it more mainstream exposure The Ethiopia deal was confirmed (www.coindesk.com) SundaeSwap ISO is getting a date and time for their "Initial Pool Offering" where users can stake their ADA for Sundaetokens to power their Defi Exchange (similar to Uniswap) Knowing this we've seen Cardano remain resilient throughout these recent market sell-offs. We continue to see higher low's on the 4hr chart along with some sideways action and low volume (Accumulation). I do not have a particular target date for when Cardano will break up but I will be monitoring the Sundaeswap ISO announcement (supposed to be within the next day) and see if there is any correlation between their announcemet and ADA price action.
BINANCE:ADAUSDLong
by tired_man_willis
2
ADA on the brink of explosive move to $2.4Cardano has been nurturing an uptrend since the initial downswing to $1 in May. The first recovery attempt almost brushed shoulders with $2, but another correction ensued almost immediately. The cat and mouse game continued between the bears and the bulls, with the resistance at $1.8 capping movement. On the downside, bulls have kept growing more assertive, explaining the higher low pattern on the four-hour chart. Cardano draws nigh to an ascending triangle breakout The upcoming smart contract token has kept investors’ interest on the roof, particularly with all the developments on the network. Note that the horizontal resistance at $1.8 formed the ascending triangle’s x-axis. Similarly, the higher lows formed the hypotenuse, implying that bulls are gaining traction. An ascending triangle is a highly bullish pattern in technical analysis. Eventually, a breakout occurs before the trend lines converge. Low volumes characterize the period of consolidation within the triangle. However, a surge in trading volume marks the breakout, as bulls take advantage of the expected upswing toward $2.4. Cardano’s uptrend has been affirmed by short-term bullish signals from the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The former recently returned to the positive region while the MACD line maintains the divergence above the signal line. Subsequently, the RSI almost hits the overbought region, hinting at an intense bullish grip. Therefore, a break above $1.8 (triangle’s x-axis) may catapult Cardano toward the target of $2.4. Cardano intraday levels Spot rate: $1.75 Trend: Bullish Volatility: High Support: $1.6, $1.3 and $1.3 Resistance: $1.8 and $2.2
COINBASE:ADAUSDLong
by CoinGape
1