Cardano / ADA FIB targetsThis is a log chart for Cardano if this plays out, we are looking at about a 7x from current levels, with a high somtime mid 2025. Then pullback/cooloff and go to next crypto bull run.
ADAUSD trade ideas
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)
Break down or break out?There is a higher chance of breaking down with a bearish MACD cross on the daily chart. What do you think?
CARDANO D1 Trading idea for Cardano in D1:
- Wait the price pullback to mayor OB zone
- Looking for 2:1 ratio
Cardano- Polkadot, Cardano, or any other major cryptocurrencies all feel alike.
- Only the price is different.
- Find Resistance.
- Find Support.
- Master your emotions, learn and gamble at the good time.
Happy Tr4Ding !
40% pullback possibleWe are at the 0.5 fib retracement.
As in 2020 cycle i see us drop 40 - 50% from here. Would shake out the weak hands at the right time. EVERYONE is bullish... Are you?
CARDANO D1Please see what happen here, beyond we followed the plan yesterday a deep sweep liquitidy was made and taken out our trades from the market. That is why it is very important to alway do a very good risk managemente to avoid big losses and keep playing the game
Possible head and shoulders. My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market followed this. I think ADA is showing strength in the RSI. Key support is 1.15, I think ADA does have the strength to reach this and hold it. Only time will tell, market is neutral in my eyes right now.
Cardano Trading ideaCardano Trading idea
New idea for cardano im thinking that it could drop by alot
ADA could increase its price in (+90%)ADA is looking very strong to keep climbing up, if it can manage to close a weekly candle above $1.212 would suggest good momentum to reach the $2 region. It tested the anchored vwap at $0,95 and held it. The target is between fibonacci retracement levels, point of control and value area low from the last bull run highs.
TARGET: $1.976 to $2.152 up to (+90%)
Where does ADA stand currently?From the point where we placed the red arrow on the chart, Cardano's correction began, and from the point where we placed the green arrow, Cardano's bullish pattern started.
The correction appears to be a symmetrical one, while the new bullish pattern seems to form an expanding triangle.
From the green zone, Cardano may potentially move upward again to complete wave E.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
update on adawe are still in a channel to take us down to c-wave if ada goes over 1.15 pattern has failed
CARDANO H4Trading setup for H4.
We know a mayor OB zone is a little more down, at there it is more probable price react looking for liquidity.
A little more risky entry could be at this H4 zone
Exploring the Factors Driving Cardano's Bullish TrajectoryCardano (ADA), a blockchain platform known for its robust security and energy efficiency, has been steadily gaining traction in the cryptocurrency market. Analysts are increasingly bullish on ADA's future price movements, with some predicting that the token could reach as high as $9+ in the coming months. This optimistic outlook is fueled by a combination of strong fundamentals, positive market sentiment, and historical price patterns.
Strong Fundamentals Powering ADA's Rise
Cardano's underlying technology, Ouroboros, is a proof-of-stake (PoS) consensus mechanism that offers several advantages over traditional proof-of-work (PoW) systems, including lower energy consumption and improved scalability. Additionally, Cardano's layered architecture enables the platform to handle complex smart contracts and decentralized applications (dApps).
The Cardano community is actively developing a diverse range of projects, including decentralized finance (DeFi) protocols, non-fungible token (NFT) marketplaces, and supply chain solutions. As the ecosystem continues to grow and mature, the demand for ADA is likely to increase.
Positive Market Sentiment Boosts ADA's Prospects
The broader cryptocurrency market is currently experiencing a bullish phase, with Bitcoin and Ethereum leading the charge. This positive market sentiment has spilled over into altcoins like Cardano, driving increased investor interest and capital inflows.
Moreover, the recent surge in interest in blockchain technology and decentralized applications has further fueled the bullish sentiment surrounding ADA. As more and more people become aware of the potential benefits of blockchain, the demand for ADA is likely to rise.
Technical Analysis: A Bullish Outlook
A technical analysis of ADA's price chart suggests that the token may be on the cusp of a significant breakout. Historical price patterns indicate that ADA tends to form support and resistance levels. By breaking through these levels, ADA can enter a new uptrend and potentially reach higher price targets.
Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum. The RSI, which measures the speed and change of price movements, is currently in the overbought territory, suggesting strong buying pressure. The MACD, which compares two moving averages, is also trending upwards, indicating a bullish crossover.
Potential Challenges and Risks
While the outlook for ADA is positive, it's important to acknowledge potential challenges and risks. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Regulatory uncertainty, economic downturns, and negative market sentiment can all impact ADA's price.
Additionally, Cardano's network performance and scalability will be crucial factors in determining its future success. As the number of users and transactions on the network increases, it will be essential for Cardano to maintain its performance and avoid congestion.
Conclusion
Cardano's strong fundamentals, positive market sentiment, and bullish technical indicators suggest that the token has the potential to reach new heights. However, investors should approach ADA with a long-term perspective and be prepared for short-term volatility. By carefully considering the risks and rewards, investors can make informed decisions about their ADA investments.
Cardano in a C wave?Tell me, are we in a bullmarket or still correcting. Could be backtesting super low. Let me know what you think
CRYPTO: ADAUSD trading plan. This is a trade I am currently looking at. I would be taking a LONG position if the price breakthrough the upper rectangular box and a SHORT position if the price breakthrough the lower rectangular box . Currently, I am more interested on the Long position. However, this is only a plan. Please take note that trading is about dealing and respecting the market trend. I do not make predictions.
Cardano Long -Potential long on Cardano, price has been moving up on a solid up trend seen on the 1H and 4H, price likes to dip back in the 20/50ema on the 4h (Price is currently testing the 4h 50ema) and create some pattern we can capitalize on to get an entry point. I recently took one that was a H&S on Saturday for profit.
-price is in a decent descending channel so I may look to enter if we possibly get a H&S pattern that looks to be developing inside the channel, OR wait for a break of the channel and entry once we start breaking OR you can also wait for price to fully break out and possibly have a pull back to the 1h 20/50ema's as seen in my previous trade I took.
- If you take a look at DODGE on the 1h I just got out of a trade for profit today, some of these crypto's have very similar similar patterns like this one so keep an eye on these as they can be quick 6-12% profit
Cardano ADAUSD Periodic Analysis (Issue 50)The analyst forecasts a rise in ADAUSD's price over the next 24 days, based on a quantitative analysis of recent price trends
CHART ADA/USDThis is going to happen. BTC still in 100k. Altcoin's are goin to dip onemore then BTC Holders change their opinion to Altcoins.
TP-1.1100
ADA/USD:Profitable Buy and Sell Strategies with Key ConfirmationAlexGoldHunter BINANCE:ADAUSD Current Market Overview:
Price Movement: Cardano is currently trading at 1.185 USD.
Bollinger Bands: The price is moving within the Bollinger Bands, indicating medium volatility.
Volume: The trading volume is relatively stable at 133.31K.
Relative Strength Index (RSI): RSI is at 26.94, which is in the oversold territory suggesting a potential buying opportunity.
MACD: MACD is slightly positive at 0.020 with a signal line at -0.015, indicating possible upward momentum.
Stochastic RSI: It shows values of 55.69 and 44.50, suggesting that it is neither overbought nor oversold.
Buy Strategy:
Confirmation for Entry:
RSI Oversold: An RSI below 30 suggests that ADA is oversold. Currently, RSI is at 26.94.
MACD Crossover: Look for a bullish crossover where the MACD line crosses above the signal line.
Support Level: The 1.161 USD level appears to be a significant support level. If the price holds above this, it could be a good entry point.
Strategy:
Entry Point: Consider entering a buy position if ADA remains above 1.161 USD and if the RSI stays below 30 while the MACD shows a bullish crossover.
Stop Loss: Set a stop loss below the support level at around 1.150 USD to minimize potential losses.
Target: Look for a price target near the next resistance level at 1.245 USD, providing a favorable risk-reward ratio.
Sell Strategy:
Confirmation for Exit:
RSI Overbought: An RSI above 70 suggests that ADA might be overbought.
MACD Divergence: Look for bearish divergence where the MACD line falls below the signal line.
Resistance Level: The 1.245 USD level appears to be a significant resistance level. If the price struggles to break this level, it could signal a good selling opportunity.
Strategy:
Entry Point: Consider entering a sell position if ADA reaches the resistance level at 1.245 USD and the RSI is above 70 while the MACD shows a bearish divergence.
Stop Loss: Set a stop loss above the resistance level at around 1.260 USD to minimize potential losses.
Target: Look for a price target near the next support level at 1.187 USD.
Summary:
Buy Signal: At 1.161 USD with RSI below 30 and MACD bullish crossover.
Sell Signal: At 1.245 USD with RSI above 70 and MACD bearish divergence.
By considering these technical indicators and key price levels, you can form a more informed trading strategy. Remember to adjust your risk management parameters according to your risk tolerance.
CARDANO - Sell Idea (Short-term)The pullback below 1.2150 is a strong indication that price action is gearing up for a downside reversal on the short-term scale at the very minimum. A quick move south towards the local key-level support at 0.9400 is very likely at this stage. We're firing off a new short position. Stay tuned...
ADA Bearish SharkI am so torn on ADA. I believe we are completing or have completed the crash. If we go a little lower I will add to my bag. I believe we follow the pattern in the next bull market. Please do you research as this is not a financial advice
