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ADABULLUSD trade ideas

Cardano (ADA): on a road to $0.6?During the previous week the market tried to push ADA to higher grounds, however, this move was a modest one from $0.45 up to $0.55. Still, it is a positive move for ADA, considering that the coin spent a lot of previous time side trading. Coin is ending the week by testing the $0.50 support line. The Relative Strength Index made a modest move from 50 up to 59. It is an indication that the market is still looking at the overbought side of the market, however, it might take some time until the coin actually reaches this level. Moving average of 50 days stopped with its divergence from MA200 counterpart, where indicators continue to move as two parallel lines. Current charts are suggesting an increased probability for ADA to test the $0.60 resistance line in the coming period. However, there is also an equal probability that the coin will first revert a bit to the down side, at the support line at $0.45, before it reverts back toward resistance lines.
COINBASE:ADAUSD
by XBTFX
ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents. But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
6
Cardano can double its valueSince the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value. However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom. The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance. At this moment we can consider a bottom in place and look for more gains. Important resistance is at 1usd figure with an interim resistance around 0.7 Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
COINBASE:ADAUSDLong
by Mihai_Iacob
16
Cardano in a tight .40 and .50 rangeLooking at the daily chart on Cardano it is easy to see the tight range between the support at .40 and the resistance at .50. In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this crypto as its been almost 30 days in this tiny range. .55 will be the next target as that was the most recent highs made on June 16th. .65 .70 are the last important areas to bust as those were the highs on May 31st and June 8th. I am leaning more bullish as some major cryptos seem to be looking a bit better the last few days but I will wait for .50 to get taken out first to be safe.
KRAKEN:ADAUSDLong
by Dancharles
1
ADAUSD | Wave Projection | Downtrend Double ZZ Channel BreakoutReady for long entry: Price action and chart pattern long entry trading setup > Elliott Wave double ZZ combination correction WXY with EMA200 as key dynamic resistance for major B-wave and EMA50 as key resistance for minor 2-wave and 4-wave > Downtrend channel sideway breakout - possible sideway continuation > Long entry @ EMA50 breakout > TP @ EMA200 for medium term trade > SL @ the lowest position wave 5 > RRR: 3:1 Indicator: MACD bullish divergence golden cross signal line merely below 0 Always trade with affordable risk and respect your stoploss
COINBASE:ADAUSDLong
by dukeposh
Cardano: still no strength for higher groundsSide trading continues for ADA. It seems like the market is looking for a certain end of the bearish market in order to push this coin to the higher grounds. On a positive side, the support line at $0.40 is holding strongly, while during the week, the coin managed to reach its highest level at $0.45. Daily trading volumes continue to be decreased, on a positive side, previous week buying orders were the dominant one on the market. Relative Strength Index continues to reflect market`s side trading. During the week the indicator moved from 35 up to 45, still not indicating that the market is ready to head toward the overbought side. Moving averages continue to move as two parallel lines, without any indication that they might start with convergence toward each other in order to make a cross. As daily trading volumes continue to be significantly decreased, it could not be expected that ADA will make some significant moves to any side, in which sense, side trading might continue for some time in the future. In this sense, it could be expected for the $0.40 support line to be tested one more time. On the opposite side, a move toward $0.5 resistance would require for ADA to make a break from the $0.45 resistance line.
COINBASE:ADAUSD
by XBTFX
Cardano's Path to $0.55 (21% Short-Term Target)We had some drawdowns with Cardano before but this is part of the game. You can have a good trade do bad just as a bad trade can do good. This is a good setup and the previous ones but the market can turn that's why we define our risk and use a stop-loss. One can only lose a maximum of 100% on a trade. The upside potential (the profits potential) is unlimited... If we use a 10-20% stop, we improve the odds in our favor and that is what technical analysis is for... For us to put the odds in our favor and be able to make better decisions as to when to sell, when to hold. You can find the targets on the chart. The black arrow is for illustations purposes only. It rises, corrects in higher low and continues rising... The last low is always the stop. Spot trading is basically risk-free as we are bottomed out/near support. Leverage is high risk but also high potential rewards. Namaste.
COINBASE:ADAUSDLong
by AlanSantana
ADA retesting bottom, trangle is tight!ADA has been retesting the same bottom at 0.45 for the last 3 months, and it has held every time. ADA is one of the Alts with the strongest fundementals, with a large fork upcomming, and has been seeing strong accumulation. I would put my money on a break up in the next week, assuming FED policy fits market expectations, but i would still accumulate more in spot for the near future. It has often been somewhat out of sync with the BTC macro cycle, however it is not immune to its weight, as such in case of BTC break down the test could go lower. If it does break up, and reach previous supports, we could claim trend reversal in play!
KRAKEN:ADAUSD
by JokerMate
1
ADA/USD - 1 day chart analysisHere is a closer look at this ADA/USD 1 day chart: ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term Momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) The Ichimoku Cloud Base Line (Kijun Sen) is indication that the Mid-Point of the Mid-Term Momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indication that Momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still under the past price. Note that ADA is still in the Bearish Zone of the Ichimoku Cloud. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for the 1 day timeframe. Note that the Upper and Lower Bands are Pinching inwards at the moment. At the moment of typing this, ADA has dropped below its Least Squares Moving Average (LSMA). A daily candle close below the LSMA would be considered a Sell Signal for this indicator on this 1 day timeframe. ADA is still well below its Longterm Upwards Pitchfork Pattern Median Line and is also below its Lower Yellow Pitchfork Resistance Line. Looking at the entire ADA Chart we can see that the Volume Profile Visible Range Point of Control (VPVR POC) is at $0.041 and we can see the previous huge Volume Cluster from $0.096 to $0.033. This represents the area where the most volume was traded. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 13.988 still below its 9 Period EMA (Black Line) which is at 15.181. Negative Momentum has dropped with the -DI (Red Line) at 19.976 and Positive Momentum has also dropped with the +DI (Green Line) at 17.218. Looking at the Relative Strength Index (RSI) we can see that momentum is downwards at the moment. Note that the RSI (Purple Line) is below its 9 Period EMA (Orange Line) which is a sign of negative momentum strength. Note that the RSI still has plenty of room to drop before entering the Oversold Zone on this 1 day timeframe. If ADA breaks below its P Wave and its 38.20% ($0.431) Fib Retracement level then we may see an eventual drop to its 50% ($0.233) Fib Retracement Level. For the upside, we need ADA to stay above its LSMA and to eventually get back ABOVE and CLOSE a daily candle ABOVE its BB Middle Band with a successful re-test as support on this 1 day timeframe. Looking at this ADA 1 day chart really puts things in perspective, as you can see, ADA spent from March 2018 to March 2019 in the BEARISH ZONE of the Ichimoku Cloud which was then followed by about a year or so of a few rises and falls until March 2020 when ADA rose from $0.017 to an eventual new ATH of $3.143 in Sept 2021. Once this world wide recession and financial/crypto bear market is over be it in a year, 2, 5 or 10 years, eventually the Market Makers will decided that the Path of Least Resistance to Profit is…… upwards! So you have to position yourself ready so you can take advantage of the next parabolic rise up, not just in crypto but also stocks, commodities and indices. This is all my opinion so please do your own research because its you money. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
ADAUSD needs to break the 1D MA50 in order to avoid 0.200.Cardano (ADAUSD) has had repetitive rejections (4 in total) on the 1D MA50 (blue trend-line) since May 31. In fact the last time we saw so many rejections within a long-term Channel Down, was during the previous Bear Cycle of 2018. The inability to sustain a break-out above the 1D MA50, led Cardano to the final hyper aggressive flush of November 2018 that ultimately formed the bottom of the Cycle. Based on 1D RSI terms we also seem to be on the third (3) and final leg below the collapse, so if ADA holders want to avoid this, they need to see the price break above the 1D MA50 and sustain trading above it for a week at least. Otherwise the completion of a -93% drop from the top is possible at around 0.200. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ADAUSD
by TradingShot
3