Happy new year ADA on 1H timelineADA(Cardano) seems to come back on the mentioned level its all clear on the chart!
ADABULLUSD trade ideas
Cardano (ADA): Accumulation-time ahead? 13 cents ADA would be a good risk reward ratio in my personal opinion and in line with Fib. retracement 0.168!
Is ADA nearing bear market lows?Hi guys/gals,
Tools I use:
time based fib extension
fib retracement
EMA/MA's
question marks
exclamation marks
faces
In this analysis I go through the ADA chart from the weekly chart to what we see here.
ADA took of on a massive tare to the upside around q1 of '2021 and never came back to back test. This is why we are seeing a sharp drop in price as the value could not be sustained that high for to long.
What I am seeing in my charts is that those who bought ADA prior to '2021 are now questioning their holdings and as you can see I've used faces to show what I believe to be the greed, concerned and upset/angry emotions.
We have recently fallen below the happy holders (the red zone) and they are how questioning their position, for me to see the lows to form in ADA we need to see these holders sell their bags indicating to me we have capitulated.
If price falls lower I'm expecting those questioning their bags to become upset and possibly angry selling at a loss and into the long term holders hands.
How much lower could ADA go it's hard to say but I believe it is not far possibly in a 3-6 month time range.
I could see ADA fall to between $0.20 - $0.10 in reality it could just go to $0.00 but I would not expect that to happen but its not out of the question.
As always Be smart, Invest small & preserve your hard earned capital.
Stay safe,
Crypto Leonard
P.S. This is NOT financial advice please DYOR.
Evening Update: Did ADA bottom?When I started tracking ADA I stated I would not track ADA on a micro level. I still feel the same way, but I reserve the right to change my mind. I have added an additional 10,000 to my original 10,000 and have staked all 20,000 ADA on Kracken.
This s not a position I am trading in and out of. However I will say, the long term chart looks like it's coming into trend line support but would like to see $.33 breached to start to give me confidence we have struck a long term bottom. Sorry, no micros.
Best to all,
Chris
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action.
Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash.
I hope that you enjoy to trade cryptocurrencies to short position.
Good Luck!!!
Cardnao 0.26 | Cycle of Long & Short participantsCharles confidence and spirit is fueled from gain earned at $0.002 cent to $3.0 bull cycle
and with unlimitted cash to buy back at depression prices around 0.10 to 0.03
ADAUSDTThe Cardino is expected to fall to the area specified below, to close the bearish C wave, and thus it will end three historical bearish waves that extend over the five years of correction.
ADA-USD prediction for upcoming 3 daysADA-USD prediction for upcoming 3 days (0.26$, 0.21$, 0.27$)
I used TensorFlow for this forecast.
Cardano(ADA/USDT) Price Projections for 2023The crypto space is witnessing a minute roller coaster ride, with the price undergoing small ups and downs. Besides some of the prices of the tokens like Cardano remained plateaued with an equal brawl between the bulls and the bears. However, the stagnant trend is expected to vanish very soon as the fractal represented a revival of a bullish trend very soon.
Over the past week, the price of ADA fell precipitously, experiencing a double-digit decline of more than 14%. With the drop, sharks increased their accumulation, which spiked to levels not seen since June 2021.
Besides the social dominance of the token has also raised significantly, immediately after the FTX debacle. The levels soared from the lows of around 0.55% during the mid of November to as high as 1.63% by the end.
Additionally, the total weighted sentiments which combine all the positive and negative mentions and compare with the frequency over time also raised very high. This indicates that the market participants are bullish on the asset and hence preparing for a larger move at the earliest.
Besides, the dormant tokens which were not been moved in the past 3 years were moved during the same time marking a gigantic move incoming very soon. The ADA price now appears to be in a decisive phase where-in it may either rebound from the current levels or else experience a minor pullback to test the multi-year trend line and ignite a rebound towards new highs.
Addressing the 17 cent elephant in the rooma year ago ADA was over $1 today its under $0.50. my previous prediction of needing to see 40 cents before we can really take another look is here. even when i look back at my notes from 2021 i wrote down that we would need to address the 17 cent elephant in the room and today i personally dont see how we avoid it and if anything we can build a stronger argument today than we could in 2021... i think at this point its only a matter of time...it might seem like a stretch but my bottom for ada is around 8-10 cents.
*doom and gloom thoughts*
the economy isn't even in recession yet... people are still being hired...jobs are still being created and wages are slow to catch up.... the money is still technically flowing. so i think with this string of thoughts ...what happens to the price of assets when it does get worse? even if we dont fall into recession ...inflation above 3-4% is going to slowly bleed the economy... unless the mean wage is capable of combating against it.
Financial Wave. ADA(Cardano)Our priority scenario in Cardano is the completion of the fall in a small wave (5), we assume that the price of ADA may fall to $0.2406, after which a rise to $0.28-0.30 looks most likely. If ADA falls below $0.240, this scenario will correct.
ADA Cardano Possible PathADA is very likely to touch the narrow channel shown in the chart. For this, two path is possible, first, giving up the price and second, wasting our precious time. If you are going to buy and hold ADA, you can buy it in several steps. Do not risk all in current prices. please be aware that the channel can also be breached so watch the reaction carefully.
Notice:
This is just a personal view.
Okay but hear me out...ADAUSD hasn't seen anything OTHER than flash crashes due to the hype for years now. Why is it so hard for people to assume this couldn't be heading into a bear market if BTCUSD actually reverse after hitting it's .618 fib extension which would cause the hype to die down and other alts to head into bear markets as well. Honestly this idea doesn't seem too farfetched for me considering BTC and seeing the divergence on the weekly RSI for ADAUSD. Now i'm not saying the .886 will be hit, that's more of a wish, but the .5 or .618 which coincides with where it last consolidated, sure. That seems like a fair outlook for where ADA could be heading for the coming weeks/month(s). Ready for all the haters down below. All criticism is welcome though and i'll reply to you all. Honestly wanted to publish this for my records to come back and say oh hey it played out or hey it didn't let me improve on this or I should've taken this into consideration. Anyway, best of luck and set those STOPLOSSES.
No, Cardano is not bullish. It will crash another 92% to $0.01No, Cardano is not bullish. It will crash another 92% to $0.01
Anyone who bought cardano above $0.33 will never break even.
Charles is selling ada relentlessly and the drop will not stop until literally everyone who ever touched cardano has been wiped out.
Do not be fooled. Just because ada is a shitcoin that's already down 94%, doesn't mean it can't drop another 100%.
ADA ADA reached two targets and might hit the third one or might not anyways I will wait for the confirmation for entry to get wither B wave or wave 3
ALSO we are getting a big divergence in daily frame in MACD which is a good signal for LONG
peace :)
Your only going to get one chance for the low. What happens next will affect the future of ADA.
The low is coming and the long term holders will be wealthy.
Examine for transparency. You only get once chance so buy what
your going to buy when it happens and remember to hold long term.
Long term is 3 to 5 years.
Cardano (ADA): new lows again ADA`s struggle to sustain its price at historically lowest levels did not give results during the previous week. Negative market sentiment over the macroeconomic prospectus and FTX contingencies, pushed the price of ADA to new historically lowest level at $0.26 on Friday`s trading session. The whole year was a pretty tough time for ADA. The current question is for how long the coin will be able to sustain price in case of further market shocks?
With the latest price moves, RSI was pushed to the clear oversold side of the market. It implies that short term reversal could be expected. Moving averages of 50 and 200 days continue their downtrend as two parallel lines. There is not even a single sign that a potential cross might occur anytime soon.
Even before the latest market shocks, ADA was struggling hard to sustain its price at higher levels. At this point, it is clear that investors lost significant confidence in this coin. As RSI reached the oversold side, some short reversal might be expected in the coming days. However, considering extremely low daily trading volumes, and general insecurity of investors, it could not be expected any significant move to the upside. It is possible for the price to try to reach $0.30 resistance for one more time, with a low probability that the price might go higher from this level.
ADA - cardano update ; an alternate bottom theoryADA - cardano update ; an alternate bottom theory
Yellow fractal is the same as the other one but stretched out. The momentum signature fits quite well. Zoom out on the chart to see the momentum similarities.
Would mean the bottom is very close and quite soon. Double tap then up only.
That bigger drop option, the momentum doesn't feel right.
note the chart i did back in december i think it was; attached.
macro is pretty darn bad still, everything is still melting, inflation still high, dxy looks like it wants to pump again, at least double top imo, soooo not sure how a bottom could be close. but maybe huh, the financial world is a big irrational casino right now. anything could happen.
going to keep a close eye on this. imo ada is the perfect 'market signaler'.
Cardano is officially dead. Decline won't stop until $0.02.Cardano is officially dead. Decline won't stop until $0.02.
ADA Accumulation I am watching this area for accumulation and the price to run back up to +$0.30
I also am expecting a bullish crypto weekend that may continue into early next week, we will see.
Good Luck
