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$ADAUSD - Descending channel, triangle and LagardeHi guys! 👋🏻 🔔 Cardano is one of the coins to watch as there are signs of a bullish continuation. As seen on a 4H chart ADA/USD has established a descending channel and is proceeding within its support and resistance levels. As seen on the chart the current setup, support from EMA50 and MACD demonstrate a bullish run up to a resistance near $0.322270. 🔔 However to do so, Cardano has to overtake another short-term dynamic resistance. 🔔 The bet on an uptrend could be higher as Cardano cleared off the upper edge of a triangle on the same chart. 🔔 The alternative to the uptrend scenario is, if Cardano does not close above the dynamic resistance, it will drop to test $0.261400 support which is a Fibo 0.618 level of the last impulse and to $0.244000 below that. 🔔 The week is full of economic data announcements, so get prepared for a roller-coaster. The CPI and Core CPI data didn't effect the market much, waiting for the FED members speech. Tomorrow, January 14 - Initial Jobless Claims and FED Chairman Mr. Powell speech. Friday, January 14 - Core Retail Sales, Retail Sales and PPI. 🔔 Almost all of the forecasts for each economic data announcement signal the recovery of the US Dollar, although the unrest in the market due to the Impeachment and possible riots remain. BONUS: ECB President - Christine Lagarde said today that the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed. Not very optimistic. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
KRAKEN:ADAUSD
by azizelliott
2
ADA long term playI threw the tea leaves, I drew some lines and a cup. Lets see how this one plays out over the longer term. Its just for fun really. IMO ADA bags are for long term HODL. I've roughly modeled it on other past moves from big caps as they matured. If you look at the dominance graph with ADA and ETH. It looks like ADA has just completed its first 'shelf'. coinmarketcap.com Just turn on ADA and ETH. Set to overlapping. ETH completed two of these shelves before going for its home run hit. I expect ADA to do the same over time. Interestingly March 2021 seems to be an important line up date on a lot of other graphs I am seeing. I am expecting some fireworks around then, and some maybe difficult decisions.
BINANCE:ADAUSDLong
by Crypto-Quantum-Fox
21
Might see a correction to the mean for ADA/USDAfter all the long-awaited green days for most of the alts it might be time for a short correction towards the yellow dotted 20 MA of the bollingerbands or at least the upper white. The situation on the indicators in the 12 and 24-hour chart of today looks very similar to the situation on November 24, 2020. However, in full bullish mode, the market is in right now it could also be possible the correction remains to the upper white of the bollingerbands and move sideways for a while. Either way, don't be greedy when you do decide to short in current market conditions.
BINANCE:ADAUSDShort
by JoeMaan
9
The Long Game with Cardano I don't really post much anymore as I am not actively trading. For this bull cycle I plan on just buying as much as I can now and riding it out for the next year. Cardano is a long time favorite and I've been accumulating this one for a while. In July, Coinbase announced that Coinbase Custody would support Cardano staking. Around March 2021 Cardano plans on releasing Goguen which enables Smart Contracts and DApps to be made with the addition of expanding decentralization capabilities. Upon a successful release I expect Coinbase to announce that regular users will be able to buy and stake Cardano. At that point, I expect a retest of the previous high, $1.40, some time after. (Not saying ADA will get there but Tezos is a popular staking token on Coinbase and peaked at $4.44 back in August) That, coupled with Bitcoin just getting started on this next cycle, is why I'm posting this today. If you want to make one buy and hold trade then Cardano is poised to perform well. You can also start staking as well and earn rewards. Price Target: $1 by September References www.coindesk.com roadmap.cardano.org
BINANCE:ADAUSDLong
by tired_man_willis
CRYPTO Cardano ADA - Weekly Yearly IdeaAs seen from the trading idea, the price is uptrend trend & expected pull back will happen once it reach the rejection blue zone before continuing long. If the trend keep going uptrend then it's easily reach to the 0.39533. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
BINANCE:ADAUSD
by Carta_aPau
4
ADA 12h still can shoot wellAlmost a month has passed since the publication of the previous ADAUSDT global idea. Since that time, the critical level of $0.17150 has withstood a hit from the bottom for the third time, and a low of the trade was $0.12630 with the forecasted $0.12000. ADA has not yet responded to the phenomenal BTC growth like altcoins can, and it looks like ADAUSDT rapid growth is included in buyers' plan soon. Fixing the price above still unbreakable level of $0.17150 will give a green signal for massive purchases, and accordingly, growth to $0.25400 and maybe to $0.34600. However, it is worth mentioning that BTC closed yesterday's daily candle with a bearish pinbar. It is not yet known for sure how Bitcoin will be fixed: in fiat or they will start transfer it into altcoins. Therefore, one more the ADA price decline to the level of $0.13400 should not be overlooked. Below this level, a breakthrough to $0.09300 may happen. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
13
$ADAUSD - Heading towards December's highHi guys! 👋🏻 Sorry for being away for a long time, I'm on a head to head with Covid-19. 🔔 December didn’t go well for ADA, as the token’s value against the US Dollar dropped by nearly 10%. Yet today, ADAUSD is showing some strength and is looking towards the test of December’s highs at $0.172480. 🔔 Currently the price is above the dynamic resistance of November 24 and looks very bullish 🔔 There is an important resistance up ahead at $0.16000 before ADA can reach the $0.17200 target and December's high. 🔔 Though looks very achievable as both MA's 100 & 200 and EMA55 show a strong support. 🔔The continuation of the bullish trend might be supported by a running on weakening of the US Dollar Index. The Dollar Index is yet under pressure as Covid-19 new cases and daily deaths in the US hit new highs and governors of some states such as NY are closing businesses they had reopened after spring lockdowns. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITTREX:ADAUSDLong
by azizelliott
ADAUSD formed Gartley | Upto 45% move expectedOn daily chart, the price action of Cardano has completed bullish Gartley pattern and spiked in the potential reversal zone. It may give another chance to catch it from the PRZ level. There are also 100 simple moving average support below the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Potential reversal or buying zone: $0.13099 to $0.11672 Fibonacci projection or sell zone: $0.14221 to $0.169436 Stop Loss: The potential reversal zone area that is up to $0.11672 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 45% and as per the above-mentioned stop loss, the loss possibility is 11%. Note: Above idea is for educational purpose only.
KRAKEN:ADAUSDLong
by moon333
Cardano| A possible move upto $0.20Previously we have seen, on weekly chart, the priceline was at the support of an up trend line and now finally it has spiked from $0.10 to $0.18. Up channel on long term chart: Now on the weekly chart, the priceline has started its move in an up channel. At the moment it is at the resistance of this channel. There is also 25 simple moving average support above the support of channel and 50 SMA is also moving up to the support. Wedge formation and a possible move to $0.20: On 4 hour chart, the price action is moving in a wedge and rejected by the resistance. In case of breakout the price action of Cardano can reach at $0.20. Down channel: The priceline has also formed a down channel within the above wedge pattern. There is also 100 SMA at the support of this channel. Harmonic Shark formaton: On 2 hour chart, the priceline is also forming a bullish Shark. Now the potential reversal zone of this harmonic move starts from $0.1479 and ends up to $0.1440. This is the same level where we have the supports of wedge and channel on 4 hour chart. Conclusion: There is a strong possibility that the priceline will retest the supports of wedge and channel on 4 hour chart and then move up for breakout to hit $0.20 very soon. But if the price acton of ADA will break down these supports then it may re-test the support of an up channel on weekly chart that is at $0.10.
KRAKEN:ADAUSDLong
by moon333
1
ADA 12h Buyers still keep control of the level $0.17150The previous idea worked out very quickly, so it's worth updating and complementing it. The critical level of $0.17150 withstood the blow from the bottom for the second time. Fixing the price above it will open the way up for buyers to $0.255 . If the euphoria becomes strong, then the growth may continue to $0.345. But for now, it is likely that the price will lower to the level $0.12, where the mid-term future of the ADA price will be decided. Below this level, there is still a level $0.115 , which withstood the previous flow. And even lower, we have a liquidity zone of longs accumulation with the critical levels $0.092 and $0.072.
by P_S_trade
1