Expecting a pull backBINANCE:ADAPERP .We can see a pullback as we have a breakdown in trendline and the targets are marked in the chart with the sl. No Leverage or >3x lev is reccomended.
#dyor #nfa #pov BINANCE:ADAPERP
ADABULLUSD trade ideas
Long on ADA/USDLooking for a nice push back to new supply zone as well to clear some recent liquidity built up on our SHORT trip.
*trade at own risk*
ADA LongADA be breaking out of that bullflag hopefully. i wanna see it bounce back into the triangle after a little dip before conitnuation to target around 48
Are Cardano whales gearing up for ADA price recovery rally?Large wallet investors in the Cardano network have boosted their participation in the altcoin. Since the FTX exchange crash, whale and shark addresses owning 10,000 to 10 million ADA have scooped up a greater volume of Cardano.
Based on on-chain measures and whale activity, the outlook for the ADA price is optimistic.
Cardano whales are positive on ADA, as evidenced by an increase in activity.
With the FTX exchange failure in November 2022, the Cardano network's major wallet investors have bought up significant sums of ADA currency. According to Santiment statistics, there is a surge in the volume of ADA held by sharks and whales who own between 10,000 and 10 million Cardano tokens.
During November 2022, whales have purchased 659.53 million ADA tokens worth almost $235.5 million. Because huge wallet investors are major Cardano stakeholders, this turnaround is regarded positive for the Ethereum-killer altcoin.
Why is it a good time to acquire ADA given Cardano's track record?
Traders typically purchase a cryptocurrency when its price is low. Cardano has yet to regain the $0.41 level from February 4 due to a recent four-week market decline. Because the altcoin is selling at less than half its price in 2022, there is less risk in purchasing ADA today vs an average point in Cardano's history.
Cardano is presently trading at $0.35, which is close to its weekly high of $0.36. Since February 13, the Ethereum-killer altcoin has resulted in a 1.2% loss for investors.
Cardano (ADA) Entry alert. 183% potential profit#ADA /USD TA Update:-
$ADA currently trading at $0.40
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.40
There is a resistance at the 200EMA at $0.41.
Cardano broke out the descending channel as expecting.
Entry : 0.40$
Target point at $1.09 (183% potential profit)
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Cardano (ADA): strength is back It was a very good week for ADA. Investors' confidence is back and it has been clearly seen through the price of the coin and its moves since the beginning of this year. In addition, on Valentine's day, the Cardano network successfully implemented another hard fork, which will increase Cardano`s interoperability with other major blockchains, i.e. bitcoin and ethereum. ADA`s price reached level of $0,42 as of the end of the week, still, it ended the week around $0,40.
RSI indicator reached level of 63, during the week, still, it is ending a bit lower, around 54. It still shows that market participants are still not ready to leave the coin to head toward the oversold side. Moving averages of 50 and 200 days are slowly converging toward each other, which is a quite positive sign, and indicates a potential cross in the near future.
During the previous week, ADA managed to clearly pass the $0,40 resistance line. Coin is still moving around this level, which indicates the probability that this line will be tested in the coming days. In case that it is not clearly breached, then ADA might revert to the upside, slowly toward the $0,45 next resistance. However, charts are pointing to the probability of short testing of $0,38 level for one more time.
Retest for 0.43 and 0.44 ranges creates bullish signal for ADAVery clear demand for ADA in conjunction with Bitcoin trying to breakout is creating optimism for ADA to leave the upper 0.30 range behind it.
Cardano (ADA): weakness is holdingA positive market sentiment from the beginning of this year has slowed down a bit during the previous week, influenced primarily by the SEC`s moves toward the staking crypto products. A call from SEC Chair Gensler to crypto businesses is to follow regulation on all products with “lend, yield or earn” words and register them with the SEC. During the previous few weeks, ADA made progress toward the $0.40 resistance line, however, during the previous week, the coin reverted a bit to the downside and level of $0.36, where the coin is finishing the week.
The RSI indicator was pushed to the down side and below the level of 50, reaching 47, which might be an indication that the market is slowly starting to look at the oversold side. Moving averages of 50 and 200 days continue to slowly converge toward each other, with still some distance between the lines, in which sense, the potential cross is still on a longer road.
Moves from the previous week are just small market corrections. Current charts are still not clearly pointing that the $0.40 resistance has lost its momentum. Support line at $0.35 might be tested during the week ahead, but there is no indication on charts that this line might be breached to the downside. On the opposite side, resistance at $0.40 might easily be tested again.
Cardano (ADA) EXIT alert ! 15% profit#ADA /USD TA Update:-
$ADA currently trading at $0.367
Our CTT (Coinlion Trend Trader) told us to exit ADA at $0.36 which is currently trading above the 50EMA.
Cardano did not break out the descending channel as expecting. So we follow the indicator and took a 15% profit (entry at 0.29$ on Monday 09th of January)
Entry : 0.29$
Exit : 0.36$
Let's see if ADA decide to break out around 0.40$, if it's the case, next possible target will be at 1.10$ with a 179% profit.
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ADA support ZonesGeneral ADA support zones facing the SEC regulation onto Kraken Staking. Kraken appears to have a yield-staking product, not a yield-based staking product.
Regulation is always bearish but strong trees survive the storms.
Elliott Wave View Suggests Cardano can See Further Correction LoCycle from 12.30.2022 low ended in wave (1) at 0.414 as a 5 waves. Up from 12.30.2022, wave 1 ended at 0.281 and pullback in wave 2 ended at 0.272. The crypto-currency extends higher in wave 3 towards 0.37 and dips in wave 4 ended at 0.325. Final leg higher ended wave 5 at 0.414 which completed wave (1) in higher degree as the chart below shows. Internal subdivision of wave 5 unfolded as a 5 waves diagonal. Up from wave 4, Wave ((i)) ended at 0.387 and pullback in wave ((ii)) ended at 0.347. The crypto-currency extends higher again in wave ((iii)) towards 0.399, wave ((iv)) pullback ended at 0.367, and final leg higher wave ((v)) ended at 0.414 which completed wave 5 and (1) in higher degree.
Wave (2) pullback is in progress to correct cycle from 12.30.2022 low with internal subdivision as a zigzag. Down from wave (1) peak, wave ((i)) ended at 0.393 and wave ((ii)) ended at 0.407. The crypto extends lower again in wave ((iii)) towards 0.383, wave ((iv)) ended at 0.403, and final wave ((v)) ended at 0.38 which completed wave A. Expect wave B rally to fail below 0.414 for another leg lower in wave C to complete wave (2). Near term, as far as pivot at 0.414 high stays intact, expect the crypto currency's rally to fail in 3, 7, or 11 swing for further downside.
Trading The Cardano CorrectionIn this update we review the recent price action in Cardano and identify the next high probability trading opportunities and price objectives to target
ADAUSD Potential for Bearish Drop | 7th February 2023Looking at the H4 chart, my overall bias for ADAUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a sell stop entry at 0.3820, where the recent minor low is to ride the bearish momentum. Stop loss will be at 0.4137, where the recent high is. Take profit will be at 0.3294, where the overlap support is.
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Cardano ADA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
We have a -92% drop from the top so far that's in. We might have a possibility of another leg down making it -95% drop from the top. I highly think this will not happen unless the whole crypto market crashes.
R/R ratio from today's price: 18.88
Possible upside: 1200%
Possible downside: -63%
R/R ratio from -95% drop 517
Possible upside: 3310%
Possible downside: None, I believe this would truly be the bottom and not use a stop loss.
If you're the market maker, would you want to give people the opportunity to make an extra 3000% or 1200%?
Another crypto crash down across all these charts would cost the market maker more money. Crashing the market by another -50-60% and giving away 3000%+ doesn't seem like the wise play here.
RSI has been at all time lows and MACD's are starting to curl up. Very unlikely we go lower to -95%.
Cardano (ADA): ready for higher grounds?Positive market sentiment for ADA continues since the start of this year. During the previous week the coin was moving within a range of $0.36 up to $0.41, still testing the $0.40 resistance line. Although the daily trading volumes have decreased, on a positive side is that the buying orders are prevailing.
Although ADA made short moves during the week, RSI reached level of 67, moving closer to the overbought side of the market. Another positive development on the charts is that the MA50 line started its stronger divergence toward the MA200 counterpart, indicating on possibility for the Golden cross to occur in the coming period. There is still space between lines which needs to be crossed, but at least the moves are in a positive direction.
The $0.40 support line continues to be the current major focus of ADA. The coin will start the week ahead by testing this level to the upside. In case that it is clearly breached, then the next short term stop might be around level of $0.43, on the road toward the $0.45 resistance line. On the opposite side, there is a possibility for a short reversal, where the first stop might be level of $0.37.
ADA shows weakness Price action is getting weaker with smaller bodied candles along with reducing volume. Resistance above where a large supply would dampen any momentum and absorb all demand easily! The 200 EMA being a resistance doesn’t not support the bullish narrative! A drop will probably take us back to the lows of December for a potential double bottom, but I think this maybe the last of Cardano bear before proper accumulation starts!
ADA: Identifying Local ResistanceHere we are looking at ADAUSD on the 4hr time frame…
In trying to determine what Cardano will do next, let’s take a look at its current price levels. Since January first, Cardano has rallied with the rest of the market. In just the last 5 weeks, Cardano has rallied just under 70%!
The question we must analyze in the short term is where this rally will run into significant resistance, as it has been relatively smooth sailing to this point...
As seen on the chart, the parallel resistance channel seems like a strong zone to watch. Not only has ADA rallied 68% in less than five weeks, but it hadn’t really run into any significant resistance zones until now.
I would expect ADA to continue bouncing between support (blue ascending line) and resistance (channel). I will continue to monitor this chart, and update you when there’s a development in its chart!
Trade safely…
Cheers!
Cardano (ADA) holders, be ready to a potential huge profit !#ADA /USD TA Update:-
$ADA currently trading at $0.38
ADA is currently bullish since January 9 according to our MTT Indicator (entry at 0.29$)
He is currently on the resistance at $o.395 on the 200SMA and on the descending channel (from sept 21)
The next possible target if it breaks this channel is 1.10$ with a 179% profit
What do you think ?
Please click LIKE button and Appreciate my work.
I have created this trade indicator that tells me when to go short or long, when to exit and when to take profit
Thank you.
Morning Update: ADA Count UpdateADA has extended in it's wave 5 of primary 1. This over lapping grind higher appears to be an ending diagonal for completion of wave 1. If my count is correct our retrace should come into the area of origination which is .27. However, I prefer to wait to see how price behaves over the course of this upcoming weekend.
Best to all,
Chris
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Drawing supply and demand areas and possible scenarioDrawing supply and demand areas and possible scenario
