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Cardanousdt

ADA: Overbought at ResistanceTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend and broke above $0.46 resistance as well. However, price is now very overbought (RSI > 80!) just as it reached that $0.60 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $0.40 - $0.42 (previous resistance), then $0.30. The nearest Resistance Zone is $0.46, which it broke, then $0.60.
Long
by altFINS
Cardano Enters Buy with Strong Upward Channel - Time to Long ADAToday, I am thrilled to bring your attention to Cardano (ADA), as it enters a compelling buy phase with a strong upward channel. This is an exciting moment to seize, and I strongly encourage you to consider going long on Cardano. Let's dive into the details! Cardano, the third-largest cryptocurrency by market capitalization, has been displaying impressive bullish momentum recently. Its price has been steadily climbing within a well-defined upward channel, indicating a positive trend that traders like us simply cannot afford to miss. The consistently higher highs and higher lows demonstrate the market's confidence in Cardano's potential for further growth. The technical indicators for Cardano are also painting a promising picture. The Relative Strength Index (RSI) is comfortably positioned within the bullish zone, suggesting that there is still room for ADA to rally. Additionally, the Moving Average Convergence Divergence (MACD) indicator is showing a bullish crossover, further supporting the notion of an upward movement in the near future. Considering these factors, it is evident that Cardano has tremendous potential for significant gains. As traders, we must identify and capitalize on such opportunities, and Cardano's current market conditions provide an ideal chance to do so. Now, it's time for the call-to-action! I encourage you to take advantage of this bullish momentum and consider going long on Cardano. By opening a long position on ADA, you position yourself to benefit from the anticipated upward movement in its price. This could potentially yield substantial profits, allowing you to further solidify your trading success. Remember, successful trading requires seizing opportunities when they present themselves. Cardano's upward channel and positive technical indicators indicate a highly favorable environment for long positions. Don't let this opportunity slip away! As always, it is essential to conduct your own analysis and risk management before making any trading decisions. Keep a close eye on the market, set appropriate stop-loss orders, and continuously reassess your positions based on market developments. So, are you ready to embark on this Cardano trading journey with me? Let's make the most of this bullish trend and aim for remarkable profits! Wishing you a successful and prosperous trading experience!
Long
by bryandowningqln
ADA: Ascending Triangle BreakoutCardano (ADA) technical analysis: Trade setup : Bullish breakout from Ascending Triangle pattern, above $0.40 resistance, could signal continuation of uptrend, with near-term upside to $0.46. Previously, price broke above 200-day moving average ($0.30), which confirmed a bullish trend reversal to an Uptrend. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.040 – $0.42, then $0.46.
Long
by altFINS
Get Ahead of the Game with Cardano: Target Predicted to Hit $0.5As we've witnessed Cardano's consistent growth and development in the crypto market, now is the perfect time to make a move and consider going long on ADA. With such a promising target in sight, this is the opportunity you can't afford to miss out on! 🌟 Cardano's impressive fundamentals, including its advanced smart contract capabilities and sustainable proof-of-stake mechanism, have attracted a significant number of enthusiasts and investors. The Cardano community is thriving, and the project continues to show remarkable progress under the guidance of its visionary team led by Charles Hoskinson. By getting in now, you not only seize the chance to potentially profit from Cardano's upward trajectory but also become part of an innovative ecosystem that aims to revolutionize the way we build and utilize blockchain technology. With its continuous advancements and partnerships, Cardano is shaping up to be a game-changer in the crypto landscape. So, are you ready to embark on this exciting journey with us? Take action today and consider going long on Cardano (ADA)! Keep a close eye on the market developments, leverage market analysis tools, and consult with fellow traders to make an informed decision. Remember, in the world of trading, opportunities come and go, but a carefully calculated move can set you apart from the rest. Make the most of this moment and position yourself strategically. Together, let's ride the wave of success with Cardano! Don't wait for the target price of $0.50 to become a reality without you!
Long
by bryandowningqln
ADA is underrated nowBINANCE:ADAUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️Now we are in 0.27 Zone by Fib since April ➡️Target for this correction is 0.618 level on fib ➡️Perfect signal to buy on TradeON indicator ➡️Signal on Direction indicator. (big investors came in to Cardano) ➡️After 0.618 we will test above downtrend global line since May 2021 Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
COINBASE:ADAUSDLong
by Crypto4light
3
Cardano (ADA) long before the breakIf ADA retrace to 0.275 (FIB-level 0.38) - I think it's in a good position for a spot trade. I predict the ADA-bottom is in and we can aspect some big fast move as soon as ADA break the trend-line. ADA have been tanking for years now and I believe that there are a lot of hungry bulls that will show up to find an entry for a long time hold. I don't think we will get any good opportunities to buy the retest after a potential trend break. So my idea here is to front run the potential big move :)
Long
by TaTaTaCrypto
Cardano- i read many peoples complain about ADA on Twitter. - Like the project is bad and going to nowhere. - As Trader my job is only to do the Math and check pourcentages. - i care about what peoples speak but i verify and deduct. ----------------------------------------------------------------------------------------------------- So let me do Little Math for Cardano : ----------------------------------------------------------------------------------------------------- - in 2018 if u bought ADA at Bottom ( 0.017$) you could have made +6500% -- So if u invested 10k$ you could have returned $660,000 ----------------------------------------------------------------------------------------------------- - in 2020 ADA returned the same bottom level ( 0.017$) then made +16160% -- So if u invested 10k$ you could have returned $1,626,000 ----------------------------------------------------------------------------------------------------- - So Now i don't think we gonna see again 0.017$ in entire Cardano Life. - So haters gonna hate but Cardano made the Job. - Just have to buy at the good time and be patient. - if you bought the TOP, it's not Cardano fault, but your own fault! - Next Target could be around 7.5$ (+3000%) Happy Tr4Ding !
KRAKEN:ADAUSDLong
by thecryer
25
Cardano (ADA) is about to break down the support!Hello, everyone! As you know, sometimes I can take the trade on BINANCE:ADAUSDT instead of Bitcoin. Today I am going to show you my thoughts about this asset, what we can wait in the nearest future. ADA demonstrated the bounce in the first half of 2023, formed the bearish divergence with the Awesome Oscillator. This is the clear sign, that it was just a correction to the downtrend impulse. I consider the final bearish wave which should be ended with the 5 waves cycle. If we suppose that wave 1 has been already formed, ended just at the support trend line, now we can expect the reactive wave 2. It has the target at 0.61 Fibonacci retracement, $0.41 . This potential bounce could be the nice bull trap. The wave 3 which is going to follow this bounce can easily break the support line. It has two targets: $0.29 and $0.22 . My plan is to wait this bounce to open short trade. Best regards, Ivan _____________________________________ ❤️Follow me and never miss the update❤️
Short
by Skyrexio
1
Cardano ADA. No desire to buy, but there is a chance for growthFor more than a year, the ADAUSDT price has been falling, without any hints of a possible rebound. The ADA price fell to the liquidity zone, below which buyers did not allow to adjust during the rapid growth in 2020-2021. In general, we believe that 2023 will be the starting point in changing the trend to grow. We described it in more detail here: So, we can assume that the Cardano token price may grow at least a little in its value. The first resistance from above and the first target for growth is $0.40-0.42 The second target for growth is around $0.80 . It can be reached by the end of spring 2023. But of course, there is always someone who can put a fly in the ointment and spoil the whole "pleasure" If the sellers manage to fix the ADAUSD price below $0.23 , then few people will be able to prevent the price of ADA from falling by half again, to the region of $0.12 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45
ADA: Approaching ResistanceCardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern with robust volume, price has completed a trend reversal and reached our target $0.40 horizontal resistance zone (also 200-day moving average). Wait for price to either 1) break above $0.40 to resume uptrend, or 2) pull back near $0.30 support for a swing entry. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
ADA: Approaching ResistanceCardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern with robust volume, price has completed a trend reversal and reached our target $0.40 horizontal resistance zone (also 200-day moving average). Wait for price to either 1) break above $0.40 to resume uptrend, or 2) pull back near $0.30 support for a swing entry. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.30 (previous resistance), then $0.25. The nearest Resistance Zone is $0.40, which it broke, then $0.50.
Long
by altFINS
1
Cardano(ADA/USDT) Price May reach $0.5 Very soon! Crypto markets go green within the beginning of the fresh weekly trade as Bitcoin price successfully sustains above $17,000 for more than 24 hours. Cardano's price also received a significant bullish push that assisted the price to rebound from the lower bottom and raised beyond $0.34 since the beginning of 2023. It appears that the bulls again entered the ring as the trading volume soared more than 100% in just a couple of hours. With the massive upswing, the ADA price remained in the spotlight as it breached several short-term indicators and previous resistance zones. Trading currently at around $0.315 after rebounding finely from the bottom at around $0.24. The bulls managed to break above the 8-day EMA and 21 -day EMA, indicating the revival of the bullish trend as they have collected several liquidity barriers. The price due to the market crash in the last few days of 2022, plunged below the support levels of the descending parallel channel. The token hovered below the channel for a short time frame as the recent bullish push raise the levels back above the channel. However, the price is witnessing significant bearish pressure at the moment with an intention of lowering the price levels below $0.3. However, the bulls appear to be pre-determined as the price levels are held tightly above $0.31. If Cardano successfully maintains the day’s close above $0.3 and the weekly close above $0.35, then the path towards $0.5 may be validated. The price may maintain a notable upswing regardless of the bearish interference which is expected at frequent intervals. The bulls after a certain period may get exhausted and allow the bears to jump in. This may slightly impact the progress of the rally aiming for a price slash towards the 21-day MA level at $0.26.
by Coinpedia-Market-Insight
1