UPDATE - downward ADATaking a little linger than anticipated, again will re evaluate at 618 retrace. target still remains.
ADAUSD.P trade ideas
ADA Faces ☁️ - Time to Short? Most altcoins face bearish trading conditions in the next 24 hours, ADA included. Over a one-week horizon, these bearish and cloudy trading conditions will spill over to Bitcoin which is likely to face downside risk, just as Ether, Ripple’s XRP and Cardano.
“The Cardano network has no meaningful use or any credible track to get it,“ according to K33 Research, singling out the fact that there are no stablecoins issued using the Cardano blockchain.
“No USDT or USDC in a network generally means that no meaningful decentralized finance (DeFi) occurs, and that Tether and Circle attest to this because if something went on, they would issue stablecoins there,” the crypto research consultancy said.
“All price signals also point to Ada gradually disappearing from the crypto map. Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved, which is a strong indicator of a dying coin,” K33 Research warns.
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ADAUSDThis Week FORECAST
Opportunity for ADAUSD. Waiting for price action first before we take entry on this zone>> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
0.618 golden Fibonacci Uptrend.
Correction.
bear trap for now.
long at 0.409.
Simple and clear.
Thank me later.
Please like and comment
ADA/usd Weekly - Big Moves AheadCardano (ADA) just closed above its descending channel.
This week we need to watch for it to close above the channel again to confirm this breakout.
Closing October 8th above 25 cents is the key.
In the orange circles in September 2023, the rsi and stoch rsi may hold clues for an upcoming bullish move.
The rsi broke above its moving average, and the stoch crossed above the 20 level.
Looking in the past , when rsi and stoch had these moves, price had large gains.
In January of 2023 (red circles) price broke above its descending channel, the rsi crossed above its moving average and the stoch broke above the 20 level.
When these 3 moves occurred, price rose 40%.
And looking further back into March and July of 2022, there were similar clues in the rsi and stoch rsi. (White and blue circles)
Even though prices were in the lower half of the descending triangle, the 2 oscillators indicated price was about to rise.
When the rsi crossed above its moving average, and stoch crossed above the 20 level, these two moves resulted in 57% and 34% increases in price.
ADA - LongLooking for long positions, 0.47 is a good level for buying, and then manage the position alongside the diferent targets
Crazy analysis of Cardano #ADAHello guys!
adausd has formed a cup and handle pattern and its handle will continue to touch FL zone i mean $0.22 and after that this cryptocurrency can break out handle and touch main target for sure (final target $19)
i know this is crazy but what is not!!!
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
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.
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.
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.
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: $0.430
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Potential Double Top after there pushes up. Bias to Short.
2. Large Pin Bar Top on Second Attempt.
3. Wait for break below Daily 30EMA to Enter Short.
4. Large Bull Bar after Breakout, Gap to Close.
5. RSI at 57.00 and below Moving Average. Bias to Short.
💰 Trading Tip 💰
Reversal trading is inherently low probability because you're betting against the trend. The tradeoff is your reward will be much higher if you swing trade it. This kind of trade is the inverse of trend trading, where the probability is higher but the reward is lower.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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ADA is in a buy signal. 28 cents is cheapIt seems that 28 cents is cheap. If it can pull back a bit?, it's possible, but it's not impossible that it won't happen.
This analysis may help someone.
BS OR BBS - Buy signal or big buy signal
SPU - Support point up
PS Don't forget to SUPPORT the analysis and FOLLOW if you like MoralDisciple more.
ADA BullADA is one atom away from the bull market. I see a gigantic cup and handle pattern here with a target of 140$. A channel with a target of 30$ in early 2025.
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 top
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."
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.
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,
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.
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!!
