Cardano shows bullish signCardano (ADA) shows similar bullish sign along with other altcoins, i would prefer to buy and aim for upper trendline located at 0.53 centsLongby CryptoKampungUpdated 11
Ada possible flag pattern.Supporting the bull flag: Price action: Following a strong upward move, ADA consolidated within a relatively defined channel, resembling a flag formation. Flagpole height: Based on the flagpole (vertical distance of the initial breakout), a potential target around $0.80-$0.85 could be envisioned if the pattern breaks upwards. Increased volume: A breakout accompanied by higher trading volume would strengthen the signal. Cautious considerations: Technical indicators: While some indicators like RSI suggest room for further growth, others like MACD are neutral or slightly bearish. False breakouts: Not all flags lead to successful breakouts. False breakouts, where the price briefly surpasses the upper trendline but then falls back, are also possible. Broader market: Cardano's performance is also influenced by the overall cryptocurrency market sentiment and potential external factors. Overall: The potential bull flag on the ADA/USD 3-day chart presents an interesting opportunity, but cautiousness is warranted. Consider these factors before making any investment decisions: Confirmation of breakout: Wait for a decisive break above the upper trendline with strong volume to confirm the pattern's validity. Risk management: Use stop-loss orders to limit potential losses and diversify your portfolio to mitigate risk. Fundamental analysis: Consider Cardano's underlying fundamentals and long-term prospects beyond Longby ParabolicP4
ADA bull market cycle target $23!This can be potential target for ADA in the next bull market cycle. We are still so early. Think bigger. Longby tommyelltom12
ADA → Cardano Threatening to Fall to Support. Should We Short?ADA closed the large bull gap from our previous analysis and found support at the large bull candle open. We did not get a higher high and Bitcoin is showing signs of a pullback. Should we short here? How do we trade this? 🤔 We should not short ADA on the Daily timeframe. The time to short was after the double top reversal near the $0.60 price range, we're too far away from the proper stop loss placement relative to Support Zone #1. You can find short trades on the 1HR timeframe or lower but for the Daily/4HR timeframe, we need to look for long entries. We can wait for a bounce on Support Zone #1 to enter a long, but the crypto market may be looking at a more significant pullback. It's difficult to tell how the alt coin market will react to say, a 30% Bitcoin pullback. The point is, don't think that Support Zone #2 isn't a probable target. Either zone is reasonably to long, but we need to wait for the buy signal and confirmation bars before entering. A good buy signal is one with a long wick on the bottom at least 1/3 the size of the body closing on or near its high. A confirmation candle will be a strong bull candle closing on or near its low following the buy signal buy 1 to a few bars. Until then, it's best to trade a different currency pair and wait for a good long opportunity here on ADA. 💡 Trade Idea 💡 Long Entry: $0.4210 🟥 Stop Loss: $0.3734 ✅ Take Profit #1: $0.4690 ✅ Take Profit #2: $0.5640 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Large Bull Bar Gap Closed. 2. Strong Support on the Daily 30EMA. 3. Lower High after the 30EMA bounce. 4. Bad Risk/Reward Ratio for a short, wait for a long setup at Support Zone #1 or Support Zone #2 5. Bitcoin Showing Strong Reversal Signals, Impacts Market Sentiment. 💰 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 PsychologyLongby TraderEngineeringUpdated 10
Bearish Bat and double top Bearish Bat confirms double top. Short it! Idea was created for education & entertainment and this is not a trading adviceShortby SpiderwebbUpdated 6
UPDATE - downward ADATaking a little linger than anticipated, again will re evaluate at 618 retrace. target still remains.Shortby SPYDERMARKET221
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. Follow us for more crypto weather reports!by ATTMO4
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.Shortby TREND-TITAN1
0.618 golden Fibonacci Uptrend. Correction. bear trap for now. long at 0.409. Simple and clear. Thank me later. Please like and comment Longby Algerianprince1116
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.Longby babychesterUpdated 12
ADA - LongLooking for long positions, 0.47 is a good level for buying, and then manage the position alongside the diferent targetsLongby FITINTRADE3
ADA Fib RetraceCharting ADA Fib Retracement on multiple levels extended into 2025by electronicTuna553450
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"! Longby melikatrader94Updated 131131297
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