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ADAUSD trade ideas

Cardano Struggling?! $ADA has huge potential here!$0.635 resistance level for LSE:ADA is HUGE.... we've failed here 7+ times over the last 80+ days. Once LSE:ADA can close above/rip through this resistance we should see $0.77 quickly. WHY I love this trade is the WEEKLY chart! it has been building under this level for months and the weekly chart basically has a GAP to fill to get back to $0.77 without a lot of major resistance levels Swing Trade: Entry: I've begun an entry into LSE:ADA going long at $0.631 and looking to enter further on confirmation of a breakout. SL: Fails often so I'm looking to stop out around $0.60. **I may hedge/short if $BTC/ CRYPTOCAP:ETH start to pullback today or tomorrow while they hit resistance levels.
KRAKEN:ADAUSDLong
by DOpeTrades
ADA → Cardano Lifetime Analysis Shows $7.50 High!? Let's Answer.ADA has established lifetime trend lines following the conclusion of the 2022/2023 bear run. The bear run low at $0.22, provides us a connecting dot to the 2020 bear run low of $0.018, allowing us to establish a Lifetime Support line. Likewise, the conclusion of the 2021 bull run provided us with a connecting dot for a Lifetime Resistance line. Now that we established a trend, how heavily can we rely on those lines? What about other areas of support and resistance? Will the altcoin market respond to market forces and reach new highs? How do we trade this? 🤔 Let's answer these questions in order and expand upon them: 1. How heavily can we rely on these trend lines? As heavily as any other established trend line. While it's important to remember that altcoin markets are more volatile than higher volume markets such as Bitcoin or especially Forex, these support and resistance areas *are* the data. Our analysis frames the playing field such that we can apply trade management strategies to gain a profit, which means any trade we should consider these price areas to be the boundaries of our trades. 2. What about other areas of support and resistance? Lifetime Support and Resistance frame our macro trend, but we need to zoom into the EMA ribbons and previous areas of support and resistance. After the conclusion of the 2022/2023 bear run, ADA broke through the 30EMA and 200EMA ribbons and established support on both. In my analysis rubric, the 30EMA and 200EMA ribbons are immensely important in determining what price areas are respected by a security. Currently, ADA is following the movements of Bitcoin and the crypto market as a whole. My Bitcoin Lifetime Analysis explains why I believe Bitcoin needs a strong pullback before reaching new all-time highs: If Bitcoin fails to find a new all-time high here, ADA will likely stall and fall with it. The degree to which it falls is up for debate, but I would argue we will see the price fall to $0.50 (Weekly 200EMA) at a minimum, with a worst-case being $0.40 at Lifetime Support, maybe a wick into the $0.35 range. This will likely come in the form of a two-legged pullback on the Weekly chart. Once that pullback concludes alongside Bitcoin, we should see another attempt to find new highs with Bitcoin. If ADA and the altcoin market are going to find strong upward momentum, it will be after Bitcoin and Ethereum find new all-time highs, generating excitement and volume. I'll be honest, what happens with the price from here is difficult to estimate. I believe what is closer to a worst-case scenario is ADA stalls around the 2021 Resistance Zone at the $1.50 range. A best-case scenario is it reaches near the Lifetime Resistance at $7.50. Somewhere in the middle, reaches the previous all-time high of $3.10. We need to see the market reaction to the pullback and Bitcoin reaching new all-time highs to remotely begin estimating where ADA will land. 3. Will the altcoin market respond to market forces and reach new highs There are a variety of arguments for and against the notion that we'll get another "alt season" where the alt market securities find new highs. My position on this is that we don't have nearly enough evidence to conclude that the alt market will be strong during this next bull run. Here are some key points regarding what we do have: 1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe. 2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market. 3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment. 4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat. 5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points. So where does that leave ADA? As previously stated, we have some key events that need to play out before we can have any confidence in where ADA ends up by 2025. Those include the pullback I believe is coming, followed by Bitcoin and Ethereum finding new highs. Once we hit those marks, we can start talking about $1.50, $3.00, and $7.50 price targets. The Trade That being said, we can still construct a reasonable trade based on the data we have. There are two ways to play this chart, wait for the pullback and start buying around $0.50, or start buying now and fade your position in either direction. Personally, I'm going to put weight on my overall crypto analysis and wait for the market to pullback. My ideal buy for ADA would be at $0.57 after we see an established bounce off of the EMA ribbons. I would place a stop loss below the previous bear trend low at $0.18. My take profit targets would be as follows: Take Profit #1 : $0.96. For two reasons, this is a 1:1 Risk/Reward ratio, so if I sell half of my position and move my stop loss to my entry price, profits are locked in, and I can swing the second half of my position. The second reason is there is a minor resistance zone at $1.00 on top of $1.00 being a psychological resistance price. $0.96 allows us to sell before that resistance is met. Take Profit #2 : $1.50. I would sell 25% of my remaining half because this is a major resistance area where a lot of trading happened. This is also about 1:2.5 Risk/Reward, which is reasonable to take more profit. Take Profit #3 : $2.95. Take another 25% of the second half of the position off the table just before the previous all-time high is met. This will be a major resistance area and the likelihood of it breaking is far less than the $1.50 resistance area. This is also a 1:6 Risk/Reward area, absolutely reasonable to take profits this late in the game. Take Profit #4 : $6.85. The final 50% of the second half of my position (25% of my original position), will be taken off the table before we get close to the Lifetime Resistance price of $7.50. $7.00 will be a psychological barrier and close enough to $7.50, where if we hit that price, it will be a very low probability compared to just under $7.00. $6.85 is 1:16 Risk/Reward, a massively successful trade at this stage and completely reasonable to close the entire trade and be very satisfied with the results. 💡 Trade Idea 💡 Long Entry: $0.57 🟥 Stop Loss: $0.18 ✅ Take Profit #1: $0.96 ✅ Take Profit #2: $1.50 ✅ Take Profit #3: $2.95 ✅ Take Profit #4: $6.85 ⚖️ Risk/Reward Ratio: 1:16 🔑 Key Takeaways 🔑 1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe. 2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market. 3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment. 4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat. 5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
13
Cardano: Breakthrough! ⛓️‍💥ADA has managed to surpass the resistance at $0.64 with a pronounced upward candle. This should now provide further important bullish momentum. We primarily expect the blue wave (v) to continue before it completes the superordinate wave (4) in turquoise further up in the chart. Subsequently, a final sell-off should occur to complete the green wave (2). However, our new alternative scenario (40% likely) should not be disregarded: it considers the low of the green wave alt.(2) as already set. In this scenario, the altcoin is currently in the turquoise wave alt.(3) and will far exceed the anticipated top for the regular wave (4).
BINANCE:ADAUSDLong
by MarketIntel
2
Ada bullish patterns.Falling Wedge: As Ive mentioned, a falling wedge can be a bullish continuation or reversal pattern. It forms when price action creates a descending channel with converging trendlines, suggesting decreasing selling pressure and potential for an upward breakout. On the daily chart, the consolidation period between January 12th and February 3rd could be interpreted as a falling wedge, especially considering the recent breakout above the upper trendline. Bull Flag (Revised): While the previous interpretation considered the entire consolidation period as the flag, a narrower view could identify a smaller flag within the wedge itself. This would be formed by the recent consolidation between January 27th and February 3rd, with the breakout occurring today. However, the volume during this smaller consolidation isn't significantly lower than the preceding upward move, weakening the bull flag argument. Observations: Both interpretations suggest potential bullishness, but the falling wedge provides a wider support and resistance range compared to the smaller bull flag. Technical indicators remain mostly neutral, with the MACD crossover offering some positive momentum. Possible Future Movement: Watch for price action around key resistance levels: Falling wedge: $0.60, $0.65, and $0.70. Bull flag (if applicable): $0.55 and $0.60. Volume plays a crucial role. Increasing volume alongside breakouts strengthens the bullish case. Confirmation from technical indicators like sustained RSI/Stochastic movement away from neutral and continued MACD momentum would be beneficial. Overall: The ADA/USD daily chart presents mixed signals. While both falling wedge and a potential bull flag suggest bullish possibilities, further confirmation is needed. Monitor price action, volume, and technical indicators for a clearer picture before making any investment decisions.
BINANCE:ADAUSDLong
by ParabolicP
2
ADA/USDT Breakout AlertBreaking Horizontal Resistance. Potentialy New High ! .................................................................................................................. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing.
KRAKEN:ADAUSD
by CryptoTrend-Alerts
ADA price set to achieve $1 shortlyRecent Surge: ADA experiences a 7.31% jump, indicating a bullish momentum. Breakout Potential: Teasing a breakout above the $0.68 mark, aiming for $1. Bitcoin and Crypto Market Boom: As Bitcoin hits $64,000, the crypto market exceeds $2.30 trillion, boosting altcoins including ADA. Recovery and Retest Success: Following a successful retest at $0.57, ADA is on track for a new 52-week high. Current Trading Position: Trading at $0.675 with a notable 7.31% intraday growth and a 134% surge in trading volume. Market Cap Ranking: ADA holds the #8 spot with a $24.25 billion market cap. Technical Indicators: The MACD indicates a bullish crossover, signaling a potential price trend reversal. Breakout Rally to $1: The ADA price is positioned for a breakout rally, with a close above $0.70 signaling an entry for traders.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone! In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA : Short-term: ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025. Midterm: There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed: (1) Basing with a double bottom at 0.262-0.219c (2) Rounding bottom (half blue circle) Long-term: ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier. So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025. Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH). Closing Notes: This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly. Please give a like and follow to this chart if you appreciate this chart and the work put behind it. Best of luck and happy trading! Carl M.
BINANCE:ADAUSDLong
by BitcoinGuru
1
Start of a new begining for CARDANO?you can tell I tend to lean on large time frames based on my last 2-3 posts. This isnt any different. ADAUSD has been beaten down bad from highs in Aug 2021, with no trend reversal in sight. Just straight blood bath. Fortunately for us, now, reading this post... there is still time to buy or DCA into ADAUSD and reap the rewards of a possible upside reversal. this upside reversal is known as Wycoff Accumulation Phase . It's part of price action where: price of an asset sells off, finds a bottom and consolidate, to then later break out of consolidation and trend UP. Google it and come back to the 1W chart on the right hand side. Crazy. 3M: I like to understand where money is being poured into the last 3 months, or quarter. Last quarter we see some money being pumped into ADA based on candlestick and volume bar. 1W: not much to say that i didnt already. Google wycoff accumulation phase, come back and compare it to the weekly chart. If pattern plays out, I think cardano can hit 1.60-1.80. Im pretty excited for the next 3-6months. DCA and chill fam.
COINBASE:ADAUSDLong
by NCEJ_LL
ADA → Cardano Pullback Followed by New Highs? Let's Answer.ADA completed its measured move to $0.68 and has now completed two legs down in a pullback to Support Zone #1. Should we long here? How do we trade this?  🤔 Support Zone #1 has held through two failed attempts to break down. We have a strong bull bar leading into the Daily 30EMA where we are now seeing some resistance. The RSI is around 50 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio, which requires the price pullback a bit more before we can enter the market. We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $0.68. Target the $0.487 area for an entry and place a stop loss below Support Zone #1 around $0.44, the first Take Profit at $0.535, and the final Take Profit around $0.63 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits. 💡 Trade Idea 💡 Long Entry: $0.4875 🟥 Stop Loss: $0.440 ✅ Take Profit #1: $0.535 ✅ Take Profit #2: $0.630 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two-legged pullback after a bull run 2. Two failed attempts to break Support Zone #1 3. Strong bull bar after pullback into the Daily 30EMA 4. Wait for the price to pullback to the $0.487 area for an entry 5. RSI at 50.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
Uptrend | Cup and Handle Overall Trend: The chart shows a general uptrend, as indicated by the higher lows and higher highs, especially noticeable from November to early December. This suggests that Cardano has been experiencing bullish momentum during this period. Potential Patterns: Cup and Handle: From the start of the chart up to November, there appears to be a rounding bottom, or a "cup," followed by a smaller dip that could represent the "handle" part of a cup and handle pattern. However, the handle typically shows a slight downward trend, whereas the chart shows more of a sideways movement. This pattern is usually a bullish continuation signal. Resistance Break: In December, there appears to be a sharp upward movement that breaks past previous resistance levels, which may signal a strong bullish sentiment. This could have been an optimal entry point for a long position. Consolidation: After the sharp rise in December, the chart shows a period of consolidation, with the price moving sideways with slight fluctuations. This consolidation period can sometimes precede a continuation of the prior trend or a reversal. Volatility: There was a spike in volatility in December, as indicated by the sharp rise and subsequent falls. The price seems to have stabilized somewhat after that period, with fewer sharp rises or drops. Current Position: As of the last visible part of the chart, the price appears to be on an uptrend, making higher lows, which could indicate bullish sentiment in the market.
BINANCE:ADAUSDLong
by esav
Uptrend | Cup and HandleOverall Trend: The chart shows a general uptrend, as indicated by the higher lows and higher highs, especially noticeable from November to early December. This suggests that Cardano has been experiencing bullish momentum during this period. Potential Patterns: Cup and Handle: From the start of the chart up to November, there appears to be a rounding bottom, or a "cup," followed by a smaller dip that could represent the "handle" part of a cup and handle pattern. However, the handle typically shows a slight downward trend, whereas the chart shows more of a sideways movement. This pattern is usually a bullish continuation signal. Resistance Break: In December, there appears to be a sharp upward movement that breaks past previous resistance levels, which may signal a strong bullish sentiment. This could have been an optimal entry point for a long position. Consolidation: After the sharp rise in December, the chart shows a period of consolidation, with the price moving sideways with slight fluctuations. This consolidation period can sometimes precede a continuation of the prior trend or a reversal. Volatility: There was a spike in volatility in December, as indicated by the sharp rise and subsequent falls. The price seems to have stabilized somewhat after that period, with fewer sharp rises or drops. Current Position: As of the last visible part of the chart, the price appears to be on an uptrend, making higher lows, which could indicate bullish sentiment in the market.
BITFINEX:ADAUSDLong
by esav