ADA short signalA historical pattern from November/ December 2022 might be repeating in real time. place your stops, and lets wait and see what will happen.by moesalamaPublished 0
Cardano: chasing oversold sideDuring the previous week ADA clearly started its reversal move. The support line at $0.40 had been clearly broken at the beginning of the week, and the coin continued its road down to its minimum weekly level at $0.37. Selling orders are prevalent at the end of the week, in which sense, it might leave some space for further drop in price until a clear oversold side is reached. During the whole week, RSI was moving below level of 50, finishing the week around 42. This is another indication that the market is chasing an oversold side. Moving average of 50 days is slowing down its divergence from MA200, putting into question the formation of the Golden cross. Current charts are clearly pointing that ADA is on the road toward the oversold side. Current price fall stopped shortly around $0.38 level; however, it should be treated as only a short term stop for ADA, on a road toward the $0.35 support line. There is some probability that this level might be reached during the week ahead. On the opposite side, there is a low probability that $0.40 resistance might be tested. by XBTFXPublished 226
ADAUSD 7May2023with prices that are quite cheap now and supported by analysis which illustrates that prices tend to fall again due to corrections, there's nothing wrong with waiting for an opportunity to be able to take even cheaper prices in the next few daysby Hokusai_FXPublished 3
BTC, ETH ADA, XTZ and NEO price forecasting and possible entriesWe are approcaching the time to get some entries preparing for crypto bull run as we are approaching Bitcoin halving that normally moves the market a lot. This is just my analysis and not a financial adviceLong18:32by MoemenAwadallaPublished 443
ADAUSD (Daily) - Bearish reversalHi Traders ADAUSD (Daily Timeframe) Waiting for the downward break of 0.377 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.419 would cancel the bearish scenario. Trade details Entry: 0.377 Stop loss: 0.439 Take profit 1: 0.350 Take profit 2: 0.307 Score: 7 Strategy: Bearish reversal Shortby AvramisPublished 334
ADAUSD - BULLISH DIVERGENCENo new lower low was formed and breaks the previous lower high as indication of trend change and secondly bullish divergence was also foundLongby umerishtiaquePublished 1
ADAUSD H4 Two Way Trading Opportunities In this update we review the recent price action in #ADAUSD and identify the next high probability trading opportunities and price objectives to target *Past performance is not indicative of future results* 01:06by TickmillPublished 4
Cardano: emerging selling orders ADA had a relatively solid week. Although its price was suppressed to the downside and the lowest weekly level at $0.37, still the coin managed to make another move toward the $0.40 resistance line as of the end of the week. Highest weekly level was $0.41. Still, as of the weekend, selling orders started to emerge, which might impact the price of the coin at the start of the week ahead. Three weeks ago RSI was in overbought territory, so it was expected that the indicator will take the road to the downside. During the previous week, RSI was still weakly holding above the level of 50, with indication that there is no strength for the upside. Positive development is that MA50 continues to diverge from its MA200 counterpart, and supports the Golden cross. After reaching a clear overbought side, ADA entered into a cycle of short reversal. Current charts are indicating lower probability that the coin will be able to clearly break the $0.40 resistance line in the coming week. There is a higher probability that the price will shortly revert to the downside, at least till the $0.37 level, with lower probability that the support line at $0.35 might be tested. by XBTFXPublished 9
ADAUSDThere has been a break in structure for ADAUSD. A retracement has occurred, and a new high is immanent. A buy trade is opened. Longby EM_Trading_CompanyUpdated 4
ADAUSDADAUSD has been on a downward slope for some days now. It has found a resistance and I expect price to continue the move downward and make a new low. Shortby EM_Trading_CompanyUpdated 7
ADA could rise at 0.5 and aboveAfter the high in the middle of April, AdaUsd started to correct and found support at 0.38. With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable. 0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above. As long as 0.38 is intact, I'm bullishby Mihai_IacobPublished 8818
ADA Cup and Handle - above $0.42 👀 = $0.60ADA is gearing up for an overdo power move to $0.60 Monitor the $0.42 price level to complete the cup and handle but also liquidate the short's stop losses above that area. Good LuckLongby peterbhcUpdated 222232
W9.1-28 ADA BEARISH IDEA (RISING EDGE)Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of Rising wedge coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.Shortby khabeerkhalidPublished 4
Cardano (ADA) to $3.50So many messages on ADA. Buy / Sell?? “I saw you’re short from $3 and dismissed it - he’s mad”, “I saw the 50 cents idea, always spreading FUD” etc etc. lots of anger, lots of emotion. Folks emotion is a money killer. When I publish those short ideas they are not without study. And for free! Is ADA a buy? Of course it is. Why? Real real simple.. On the above 3-day chart the RSI is highlighted with two thick orange lines. You see RSI below 33, it’s a buy. Above 77 (on 3-day chart remember), it is time to consider managing risk. Right now RSI is at the same level as it was in December 2018 around 2-3 cents. This is a fantastic buying opportunity at this time. A buy from 37 cents is amazing if you can get it. On the 3-day ADA / BTC pair (below) a ‘incredible buy’ signal prints within the falling wedge, a breakout would result in a 500% increase. Is it possible price action falls further? For sure. Is it probable? No. Good luck! Ww Type: Trade Risk: <=6% of portfolio Timeframe: 1-4 months Return: 10x Longby without_worriesUpdated 177177154
Cardano Elliott Wave AnalysisComplex correction can be in play on Cardano as price breaks the lower side of a channel. Ideally, that's going to be a flat correction, but can be a triangle as well if drop from wave B high will be only in three legs. Support is at 0.35 then 0.3. by ew-forecastPublished 5518
Cardano: ending a reversal ?The price of ADA was strongly supported by the news about Milkomeda`s EVM project during the previous period, which pushed the price to the higher grounds and level of $0.46. Still, due to generally negative market sentiment, the price could not hold at this level, so it entered into a bit higher reversal down to $0.37 on Friday. Still, the coin is finishing the week by testing the $0.40 resistance line. Two weeks ago RSI reached a clear overbought side, which was an indication of forthcoming short reversal. Cycle of reaching the oversold side is still not over, as the indicator finished the week around level of 44. On a positive side is that the MA50 is still diverging from its MA200 counterpart and is still supporting the Golden cross. As of the weekend, buying orders emerged, which is generally positive for the coin. It means that the price could be supported at current levels during the week ahead. The market will continue to test the $0.40 resistance line, with lower probability that it might be clearly breached to the upside. On the opposite side, there is a weak probability that $0.35 support might be tested in the week ahead. by XBTFXPublished 4
[cardano] by elo.Good 4vening anon, --- Cardano ascended through a quintet of waves, originating at 0.0185 and culminating at the zenith of 3.0996, before gracefully descending in an impeccable five-wave pattern. A series of five downward waves often signifies either the commencement or the conclusion of a phenomenon - in this particular instance, I postulate that it merely represents the onset. --- Anticipated Wave B target: 0.86 Projected Wave C objective: 0.07 by EloquentPublished 7718
IH&S on ADA dailyADA / USD (trading view) on daily chart. Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart. Good luck! NFALongby ChartswithChipUpdated 4
Symmetrical Triangle ADAUSD 1 Hour3.2. Symmetrical triangle ADAUSD 1 Hour. Shows bullish breakout.by jamoncadacPublished 0
Bitcoin Pulling Back. And Altcoins depend on this ONE thing.Traders, Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can. Stew20:07by stewdamusPublished 113
ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day. We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above. I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought. I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here. I think this move is the move i was expecting from the BEARISH DIVERGENCE. From that, we should look at our indicators and how the move. RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support. MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this. CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info). Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree. I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out! DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanksby SafofAllTradesPublished 2
ADAUSD - BULLISH FLAGADAUSD is exhibiting a bullish flag pattern on the 4-hour chart, indicating a potential continuation of the uptrend. Furthermore, the absence of any divergence on the RSI may signify that the current momentum could persist. Traders may interpret this as a favorable opportunity to hold or open long positions.Longby sunnytrader07Updated 7
ADAUSD Bearish Bat Harmonic PatternADAUSD is showing a Bearish Bat Harmonic Pattern. The pattern's D point has been confirmed and there has already been a reversal from that point. ADAUSD is now creating lower highs and lower lows, indicating a bearish trend. Additionally, there is a divergence on RSI, further indicating potential downward movement.Shortby sunnytrader07Updated 0