1D: Cardano/ADA - 30% Upside! Wya Bulls?Just some lovely ADA action on the daily. Beautiful confirmation low and now we await for the follow through price action. Crypto looking reallllly good.
Here comes the FOMO crowd again
ADABEARUSD trade ideas
Ada heikin ashi reversalif you know how heikein ashi works, well this is kinda bullish, the down trend is slowing down, and we could easily see a green heikin ashi bar path come up, a V shape return is very possible in my opinion too. And unlike the other currencies, ada dropped like 50%+ in the past couple weeks, and it's hitting major support, macd is ready for a cross and rsi is ready for a return, I really don't think it can go any further down. Bitcoin going back up definitely helps too.
ADA Price Eyes Channel Break For A Run To $1 Channel Breakout Event: ADA price is nearing a channel breakout event, indicating a bullish turnaround.
Crossing the 50-Day EMA: Cardano's price has crossed the 50-day EMA, setting the stage for a potential bull run.
Potential to Reach $0.66: If ADA sustains above the 38.20% Fibonacci level, it could shortly reach the $0.66 mark.
Trend Reversal Rally: A bullish reversal rally in the daily chart suggests ADA is gearing up for significant recovery.
Bitcoin's Influence on Cardano: Bitcoin's sustained recovery momentum positively impacts Cardano's market outlook.
Anticipation of "Post-Halving Rally": The upcoming Bitcoin halving event raises expectations for a broader market bull run, benefiting ADA.
Question of Reaching $10: Speculation about ADA potentially reaching the $10 mark.
Sharp Trend Reversal: The ADA price has shown a sharp reversal from overhead resistance in a falling channel pattern.
Current Trading Price: ADA is currently trading at $0.514, with a notable increase in intraday trading volume.
Technical Indicators - RSI: The daily RSI line indicates a growing demand, supporting the uptrend's momentum.
Cardano Network's Surge in Health: The increase in active users and transaction counts boosts network health and ADA's price potential.
Risk of Testing Lower Support: A drop below the current support trendline could lead ADA to test the $0.40 level.
ADA/USD Weekly: Examining Potential Wyckoff Reaccumulation
On the ADA/USD weekly chart, we've observed price action and volume changes that share characteristics with a Wyckoff reaccumulation pattern. While not definitive, let's explore these elements:
Selling Climax: A sharp price drop accompanied by high volume, potentially signifying selling exhaustion
Automatic Rally: A subsequent price increase without significant buying volume, possibly indicating weak hands exiting.
Spring: A brief price dip followed by a quick reversal, potentially testing support and attracting new buyers.
Signs of Strength: Recent higher closes and increasing volume, suggesting potential buying pressure.
However, remember:
Technical analysis alone shouldn't guide investment decisions.
This pattern interpretation is for educational purposes only.
Always conduct your own research, consider other factors, and consult a financial advisor before investing.
Discussion questions:
Do you see the same characteristics of a Wyckoff reaccumulation pattern?
How might this pattern evolve in the coming weeks?
What other factors should be considered before making investment decisions based on this analysis?
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research and consult a financial advisor before making investment decisions
Easy 10R Trade on CardanoCardano is experiencing incredibly on-chain metrics.
Energy use is a massive case factor with regards to the WEF and the next ETF for consideration.
I believe the bull hammer in convergence with the daily MACD cross alongside the bullish sentiment on crypto in the lead up to the halving event on BTC and, obviously, the institutional engagement post-ETF will lead us back to >$1 and potentially new all-time highs over the next few years.
ADA flag formationThe dynamics between buyers and sellers have shifted in ADA. Cardano has transitioned from establishing Lower Low (LL) and Lower High (LH) to establishing Higher High (HH) and Higher Low (HL).
We witnessed a breakthrough on December 8, 2023, with high volume, resulting in ADA establishing a double bottom formation. This is a reversing pattern, indicating further upward movement.
Currently, we are in the midst of a classic pullback towards the support level, previously acting as resistance. This pullback is within a flag formation, and a confirmed breakthrough of this pattern would signal a buying opportunity.
With the Bitcoin halving imminent, we are entering an exciting phase in the cryptocurrency market.
Cardano bull cycle will be repeated?I hope so🍀
I'm a big fan of Ada and it's rational to see a massive pump for ADA against usdt in coming months.
Is Cardano about to go up 1600%?Fundamental Analysis: Cardano seems to be working in a cyclical manner, where it has a bull run for a year, then a bear run for a year. Every bitcoin halving year is when the bull run happens. We had the bitcoin halving in 2020, and we will have another halving in April 2024 making me believe that we are in a bull market.
Technical Analysis: The Stochastics RSI does not seem to be reliable during a bear market as it reached oversold, but price continued to go down. However, during the bull market, every single time the Stochastics RSI reaches zero, it was a great buy. Currently the Stochastics RSI is at 11, meaning that price needs to go down slightly more in order for the Stochastics RSI to reach zero. The 34 SMA (the green line) has proven to be a great moving average to buy on during the bull market and it is currently at $0.375.
Summary: The bitcoin halving cycles indicate that we are currently in a bull market. During a bull market if the Stochastics RSI is zero and if we fall to the 34 SMA, that has historically been an great buying opportunity, that would equate to a price of $0.375. Assuming it breaches all time highs, it could reach a price of $6(according to Fibonacci retracement)which would mean Cardano may go up 1600%.
What i think will happen to ADAusdWat i think will happen to ADAusd. This analysis is based on the previous ADA bull run. I also see us being in the SOS phase on the wyckoff accumulation pattern.
ADAUSDThis Month FORECAST
Opportunity for ADAUSD. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Cardano (ADA) Awaits Bullish Breakout Amid Market CalmnessResistance Challenge: ADA is currently in a tug-of-war with its falling channel's resistance, hinting at a possible breakout struggle.
Reversal to $0.50: A recent pullback from the channel's upper boundary has nudged ADA back to the pivotal $0.50 level, signaling a decisive moment for its next move.
Bull Run Potential: A successful channel escape could propel ADA towards a new upward trajectory, eyeing significant milestones ahead.
Market Anticipation: The crypto sphere buzzes with anticipation of a pre-halving rally, potentially igniting an altcoin season that Cardano could lead.
Bullish Sentiments on the Horizon: With the market sentiment gradually tilting bullish, Cardano’s prospects of reaching new heights, possibly the $10 mark, grow stronger.
50D EMA Hurdle: The 50-day EMA poses a significant barrier, reflecting the ongoing bearish pressure and challenging ADA's upward ambitions.
Double Top Concern: A recent double top pattern exacerbates the bearish outlook, underscoring the hurdles ADA faces in its recovery path.
Technical Indicators Lean Bullish: The RSI's bullish divergence hints at underlying strength, possibly forecasting a breakout from the current consolidation.
Critical Support Watch: The $0.454 level emerges as a crucial juncture for ADA, potentially offering a springboard for a bullish reversal.
Bearish vs. Bullish Scenario: While a drop below the channel's support could see ADA testing lower supports, a channel breakout holds the promise of propelling ADA towards $0.668 and beyond.
Possible conformation low at .786ADA looking very interesting, trying to confirm a bottom at the .786 easy to mange risk here
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation
ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook.
Understanding ADA Cardano
ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology.
The Double Bottom Cup and Handle Formation
A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move.
Short-Term Support and Recent Lows
In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects.
Bullish Outlook
The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects.
Conclusion
In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
Cardano (ADA) Bullish EW Count-In this EW count ADA is currently in a high time frame 5wave impulsive structure.
-ADA has just put in its W4 at the log 0.382.
-Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction.
-Currently looking for W5 to take out $0.70.
-Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1.
-Could see an extended W5 that pushes up to $1 as this is the 1.618 extension from W1
-Once W5 has been put in, expect a bigger W2 to be put in.
-I expect W2 to retrace between 0.5 - 0.786 ($0.45 - $0.30)
-I expect W2 to last until Q3 - Q4
ADAUSDADA is still moving under a descending trend still not showing any form of bullish attempt to breakout or above trend as you can see in my Daily Timeframe (Green line) and Hourly Timeframes (Ash Line), so I'm still bearish for now.
Although would wait for price to test the Hourly Timeframe and see how price reacts at that level and change if need be, but I'm expecting a rejection from both the order zone and trendline.
#ADA #Cardano down retesting #Wyckoff accumulation zone#ADA #Cardano at 0.45-0.47 (50% #fibonacci retrace) just down to retest upper bound of #Wyckoff accumulation-zone at a moment, it has a potential to rebound up higher, depends on #BTC . If BTC is dump hard, next support zone could be at POC volume profile level, at 0.38 USD.
ADA.X in +8.01% Uptrend, growing for three consecutive days on JMoving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ADA.X advanced for three days, in 269 of 441 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
BINANCE:ADAUSDT
Price Prediction Chart
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 42 of 76 cases where ADA.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 55%.
The Momentum Indicator moved above the 0 level on January 29, 2024. You may want to consider a long position or call options on ADA.X as a result. In 67 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 54%.
The Moving Average Convergence Divergence (MACD) for ADA.X just turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 34 of 59 cases over the following month. The odds of a continued upward trend are 58%.
ADA.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 65%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
The Aroon Indicator for ADA.X entered a downward trend on January 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Cardano (ADA) Eyes 25% Surge Amid Bullish Reversal Bullish Reversal in Falling Wedge: ADA exhibits a bullish reversal within a falling wedge pattern, hinting at a potential uptrend.
7% Overnight Surge: Cardano's impressive 7% overnight jump leads to a bullish engulfing candle formation, signifying strong buying interest.
Breakout Potential: If ADA successfully breaches the overhead trendline, it could reclaim the crucial $0.65 level.
Market-Wide Recovery Fuels ADA: The broader crypto market's bullish path bolsters ADA's prospects for a decisive breakout.
25% Upside Anticipation: With current momentum, ADA is poised for a significant 25% run in the coming week.
Long-Term Bullish View: Despite short-term volatility, the long-term outlook for ADA remains positive.
50% Fibonacci Level Rebound: ADA's bounce off the key 50% Fibonacci level and support trendline strengthens the case for further gains.
Volume and Sentiment Support: Rising trading volumes and positive market sentiment are pivotal in driving ADA's potential breakout.
50-Day EMA Reclaimed: ADA's recovery streak successfully surpasses the 50-day EMA, solidifying its bullish stance.
Current Trading Position: Cardano is trading at $0.527, near the resistance trendline, indicating a crucial juncture for future direction.
MACD Indicator Optimism: A bullish crossover in the MACD and signal lines suggests growing positive momentum for ADA.
Downside Risk Management: While an upside break seems likely, a reversal could lead ADA back to the 50% Fibonacci retracement level for support.
ADAUSD Cardano Bullish Flag $0.9-1.2 TargetBullish flag setup, has not completed yet, early warning;
otherwise $0.9-1.2 range
Cardano shows bullish signCardano (ADA) shows similar bullish sign along with other altcoins, i would prefer to buy and aim for upper trendline located at 0.53 cents
Ada possible flag pattern.Supporting the bull flag:
Price action: Following a strong upward move, ADA consolidated within a relatively defined channel, resembling a flag formation.
Flagpole height: Based on the flagpole (vertical distance of the initial breakout), a potential target around $0.80-$0.85 could be envisioned if the pattern breaks upwards.
Increased volume: A breakout accompanied by higher trading volume would strengthen the signal.
Cautious considerations:
Technical indicators: While some indicators like RSI suggest room for further growth, others like MACD are neutral or slightly bearish.
False breakouts: Not all flags lead to successful breakouts. False breakouts, where the price briefly surpasses the upper trendline but then falls back, are also possible.
Broader market: Cardano's performance is also influenced by the overall cryptocurrency market sentiment and potential external factors.
Overall:
The potential bull flag on the ADA/USD 3-day chart presents an interesting opportunity, but cautiousness is warranted. Consider these factors before making any investment decisions:
Confirmation of breakout: Wait for a decisive break above the upper trendline with strong volume to confirm the pattern's validity.
Risk management: Use stop-loss orders to limit potential losses and diversify your portfolio to mitigate risk.
Fundamental analysis: Consider Cardano's underlying fundamentals and long-term prospects beyond
ADA bull market cycle target $23!This can be potential target for ADA in the next bull market cycle. We are still so early. Think bigger.
