ADA Looks for Support for next Bull RunCRYPTO:ADAUSD I'm looking for ADA to confirm support at 0.58 mark for an entry going to the next resistance at 0.63 in the next weeks, and then pushing further up to new highs in the future.by Archer357Updated 8
ADA Cardano Will Have A Great BullrunI believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion. In the short term I see ADA falling down about 40% percent down to 30 cents before its run up. Not financial advice, just my opinion. Longby Bitgolder2214
UPDATE DOWNTRENDHad a larger bounce than anticipated, but still eyeing .618 retrace and will evaluate from there. SPY looks like a double top, CPI and PPI i'm not sure support a further run from here.Shortby SPYDERMARKET0
ADA → Cardano Gearing up for a Reversal? Let's Answer.ADA has been on a strong bull run since October of this year and we've finally come to the end of a measured move and three legs up. Are we gearing up for a reversal? How do we trade this? 🤔 We don't have enough evidence for a short entry just yet, but we do have some key data points in our favor. We've completed a measured move to the current price, had three pushes up in a bull trend, two failed attempts to break $0.68, and a gap down below the large bull candle. What we're missing are the sell confirmation candles. ADA needs to break below the Daily 30EMA, close a strong bear candle, and possibly test the 30EMA as resistance before we enter a short. The re-test of the 30EMA as resistance isn't required, but would add to the probability of profit if achieved. Once these conditions are met, it's reasonable to enter a 1:1 Risk/Reward Ratio trade around $0.565, placing a protective stop around $0.70, which puts your take profit at $0.43 above the previous high or "Support Zone". This is a conservative trade because we have several areas of support to consider. 💡 Trade Idea 💡 Short Entry: $0.565 🟥 Stop Loss: $0.700 ✅ Take Profit: $0.430 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Potential Double Top after there pushes up. Bias to Short. 2. Large Pin Bar Top on Second Attempt. 3. Wait for break below Daily 30EMA to Enter Short. 4. Large Bull Bar after Breakout, Gap to Close. 5. RSI at 57.00 and below Moving Average. Bias to Short. 💰 Trading Tip 💰 Reversal trading is inherently low probability because you're betting against the trend. The tradeoff is your reward will be much higher if you swing trade it. This kind of trade is the inverse of trend trading, where the probability is higher but the reward is lower. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!Shortby TraderEngineeringUpdated 4410
ADA is in a buy signal. 28 cents is cheapIt seems that 28 cents is cheap. If it can pull back a bit?, it's possible, but it's not impossible that it won't happen. This analysis may help someone. BS OR BBS - Buy signal or big buy signal SPU - Support point up PS Don't forget to SUPPORT the analysis and FOLLOW if you like MoralDisciple more.Longby MoralDiscipleUpdated 222233
ADA BullADA is one atom away from the bull market. I see a gigantic cup and handle pattern here with a target of 140$. A channel with a target of 30$ in early 2025.Longby badblo0dbg4411
ADA might have some wings and is about ready to fly!Not my fav. Don't think we will ever see the $8... Sorry but i am not sorry. I am adding back in and I think it will go low like bad low BUT I see a sucker rally coming soon!! Targets are mapped out and we could break out. Less than a 1% chance we see a new bear market topLongby PolarbearmanUpdated 112
Cardano - Long Idea - Trade #002 - Test EntryTrade #002 "Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase." Proverbs 13:11 (KJV) __________________________________________________________ ADA / USD - CARDANO This is a test entry. I'm gathering data on crypto performance. Entry signals: - Harmonic, bullish butterfly - RSI Divergence in the price reversal zone - Liquidity-based entry - Target 38.2% pattern retrace Stay true, Gio Pasquale "A man's life consisteth not in the abundance of the things which he possesseth."Longby elevatedinvestor5
ADA, DOWNWARD TARJECTORYSpy might be reaching its peak, with a potential $461 area (236 retracement) in sight. Anticipating ADA to maintain its downward trajectory, it's also adhering to these Fibonacci levels from the last run. If history repeats itself and we observe tight liquidity as indicated by the Volume Profile, coupled with aggressive selling, a 50% retracement, or even a 61% retracement, seems plausible. Keeping an eye on these two areas if the upward trend line breaks, which I believe is likely.Shortby SPYDERMARKET2
Any corrective pattern?? Continuation of Bullish MarketHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely, Longby mehdi47abbasi7914
Cardano chart analysisThe price of Cardano followed the movement of other cryptocurrencies yesterday. This led to a pullback to the 0.500 level from the 0.600 level. We are gaining support and moving above the 0.540 level. After that, the price consolidates slightly, recovering to the 0.570 level. We need a continuation of this consolidation in order to go up and reduce yesterday's losses. Potential higher targets are 0.580 and 0.600 levels. We have additional pressure in the zone around the 0.600 level in the EMA50 moving average. We need a negative consolidation and a drop to the 0.540 support level for a bearish scenario. Slipping below it intensifies the bearish pressure and affects further withdrawal and testing of lower support levels. Potential lower targets are 0.520 and 0.500 levels. by Financebroker4
ADAUSDVolume is still low and rice is still consolidating, but in the mid term.by THE_KLASSIC_TRADER1
Just an idea about cardanoHey all this is my personal view on Cardano (ADA) next move Do you own research before taking any trade. Happy Trading!!Longby MrAlaminH4
ADAUSDT. 02/01/2024The chart breaks out. Now the graph has changed from a downtrend character to an uptrend, making a trade-off. it is not a recommendation for investing or trading it is only an explanation of the steps. MM/RR/SL.Longby Panya88449
ADAUSD - 4:1 Sell SetupSimple scalp trade to the upside. 5 and 15 min are confirming on both timeframes. Be sure to follow me for more free premium signals and setups. Link below to First SelShortby Michael_Harding4
Cardano ADA where we potentially standPlease note that what happened in the past may not necessarily resemble the future. I have however seen some notable similarities from the previous bull run to where we are today. Slight differences are there, but nevertheless more similar than not, as we stand. I’m not a professional analyst and this is a simple amateur take.Longby ndp3606
ADAUSD Up - Weekend.ADAUSD Up - On Weekend. Sharp double bottom leaving spikes behind. Divergence present. Lets hope to get a 5x move up.Longby jforex78Updated 1
ADAUSD: The case for one dollar CardanoThis is an Elliott Wave analysis of the ADA token of the Cardano project. Many supporters of the project hype fantastical prices for the coin in the next year or two. I have heard prices of $1, $10, $11, even $32. What is realistic? The Elliott wave principle provides tools for forecasting, based on the existing price record. The first step is the identification of Elliott waves in the appropriate wave degrees. This shows the existing record from this years market bottom. Accordingly, the coin has completed waves one, two, three, and four of the current advance, and appears to be entering wave five for the final leg of this wave. Of course there is no way to know just how far the fifth wave may grow, but given the large extension of the third wave, it appears within the realm of possibility to reach one US dollar in the foreseeable future. Growth beyond that would require substantial correction in a second wave, before anymore appreciation could be expected.by unbeldiUpdated 181825
Big inflection point for Cardano at 38 cents.Twice in history holding 38 cents has lead to big gains, and now it seems like its establishing a nice base right around this price which is where the bull market support now lands.Iexpect a big rally if we turn 38 cents into support once again. Longby riskit101Updated 9
Weekly EMA's on Cardano.As illustrated by the white arrows the price of Cardano has been rejected by the 20 EMA a multitude of times. It seems we are getting close to a bottom but,until,I see the 100 EMA move under the 200 EMA I'm not ready to say for sure. Ideally, we'd like to see price move above and hold and eventually move above the higher time frames.by riskit101Updated 443
Cardano (ADA) is setting up perfectly for the Bull MarketCardano BINANCE:ADAUSD is setting up perfectly for the Bull Market ADA has been consolidating for the major part of 2023 and has been in a significant downtrend since early 2022. We finally have the signs that the downtrend and consolidation is over and a bullish trend can begin. Technical Analysis: 1) Breaking and re-testing the descending triangle 2) Bullish Volume is entering 3) TraderMagz Flagship Indicator - ATR God has triggered a buy after printing a Sell back in 26th Nov 2021 @$1.38. The last Buy was on the 25th May 2020 @ $0.07 4) Bitcoin halving is in April and we are seeing significant bullish momentum in Bitcoin and other Altcoins 5) TraderMagz - Divergence God has printed multiple divergences, Indicating strong probability that the weakness has ended Fundemental Analysis: 1) Cardano has been building throughout the bear market - with significant milestone accomplishments being achieved 2) Total Value Locked (TVL) in both USD value and ADA tokens has soared over the past year and is accelerating 3) Multiple new protocols are launching every week and there are more on the horizon 4) Midnight Airdrop has been announced and is highly anticipated - more details to follow 5) Cardano is one of the most decentralized blockchains and the technology behind Cardano is rapidly improving. (Mithral, Hydra, on chain governance) Price Targets/ Trade Setup: Entry : between $0.25 and $0.4 - Current price is $0.375 Stop-loss : $0.19 Take profit 1: $1 phycological level Take Profit 2: $3 - Previous all time high Take profit 3: Between $4.5 and $5.5 - $5.22 is the 1.618 fib extension targetLongby TraderMagzUpdated 7722
Ada Vs Usd In Long Position 1.82 target Buy & Sell Setup Ada Vs Usd Buy on Dip 0.4000 target 1.82by indusitstore2