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ADAUSD trade ideas

ADAUSD: Buying not over yet.Cardano has turned overbought on the 1W timeframe (RSI = 79.294, MACD = 0.031, ADX = 45.270) being on the strongest weekly candle since the previous Bull Cycle and the August 9th 2021 week. Despite that, the market doesn't seem to be done buying as the pattern is an Ascending Triangle whose HH top is exactly on the 1D MA200. Those two along with the R2 level (0.6865) of the May 30th 2022 High make a Triple Resistance Zone. Consequently, if the R1 level is crossed, we will buy the breakout and target just under this Triple R Zone (TP = 0.67500). After that, the market may seek potentially a technical relief pullback to at least the 0.236 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ADAUSDLong
by InvestingScope
ADA December Outlook Price targets of ADA for December. We have broken out of the threshold range and are approaching PH2. PL1 is is the bottom of the threshold range and thus has been omitted. I have been long on ADA for a couple months and continue to be. Looking for a move to PH2 and will see. If we see rejection, we likely will come to the threshold range and bounce again. Else we may see some consolidation in this area and a continuation to the top of the range. Not advice, Safe trades!
BINANCE:ADAUSD
by Steversteves
2
ADA → Cardano Racing Toward Resistance! Will We Reverse!?Cardano is racing toward the Resistance Zone after a successful break to the upside from last week's bull flag, as predicted in our last analysis. We're getting closer to resistance and the big question is, do we short it? How do we trade this? 🤔 If you're still in a long from bull flag breakout, good! Don't exit yet as we have not seen a reversal signal. ADA likely will make it to $0.45, I would take profits around that price area. Once we hit the resistance zone it's reasonable to expect a pullback or even a reversal. If we get a bear signal bar followed by a confirmation bar closing on or near its low, it's reasonable to short. We are in a bullish macro trend, so a short would be playing the reversal where Probability is low, but Risk/Reward is over 1:2. I would take half profits at 1:1 around $0.422, move the stop loss up to your entry price and swing the rest until we see the reversal bar to the upside. 💡 Trade Idea 💡 Short Entry: $0.446 🟥 Stop Loss: $0.468 ✅ Take Profit #1: $0.422 ✅ Take Profit #2: $0.403 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Breakout of 200EMA Followed by Bull Run. 2. Bull Flag Continuation Pattern Playing Out. 3. Resistance Zone Approaching, Look for Sell Signal. 4. Do Not Short Until Sell Signal and Bear Confirmation Candle Close. 5. RSI at 65.00, Above Moving Average. More Up Before Down. ⚠️ 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!
KRAKEN:ADAUSDShort
by TraderEngineering
19
Cardano is in an uptrend rallyHello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions. To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis will be helpful in your trading journey and wish you all the best. Sincerely,
KRAKEN:ADAUSDLong
by mehdi47abbasi79
5
ADA → Breaking $0.40! This Analysis Shows a Cardano Moon Shot!Cardano is showing great bull strength toward the $0.40 price and has made a few attempts to break it! We're in the midst of a trading range pullback from the previous bull run waiting for the signal to go long. How do we trade this? Our bias for ADA should be bullish! We're fresh off of a bull run and are currently in a pullback. Much of the crypto market is in a similar holding pattern, including Bitcoin which has not yet broken its Weekly Resistance. Before jumping into a long, we likely need another pullback to the 30EMA and a strong bull signal bar followed by a strong confirmation bar closing on or near its high. Once those conditions are met we have a potential run to the next Resistance Zone at $0.45! Always be ready to change your bias. The next attempt to break resistance could result in a bear signal bar, along with Bitcoin, which signals a market reversal. We will consider the chart at that time but for now, watch for the bull signal bar to long! Trade Idea Long Entry : $0.375 Stop Loss: $0.353 Take Profit: $0.440 Risk/Reward Ratio: 1:3 Key Takeaways 1. Bull Breakout of 200EMA Followed by Bull Run. Bias to Long. 2. Bull Flag Continuation Pattern, Bias to Long. 3. Look for Support at 30EMA. 4. Do not Long until Bull Signal and Confirmation Bars Appear. 5. RSI at 55.00, below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
KRAKEN:ADAUSDLong
by TraderEngineering
2
Exciting Cardano Rallies with New Resistance Targets! Cardano (ADA) is on fire, and we have some thrilling updates to share with you. Get ready to long ADA and ride the wave of Cardano's incredible rally! Cardano has been making some serious waves in the market, and we couldn't be more thrilled. The recent rallies have been nothing short of extraordinary, with ADA showing remarkable strength and resilience. We're excited to announce that our expert analysts have set new resistance targets for Cardano, ranging from 0.38 to 0.41. Yes, you read that right - Cardano is aiming high, and it's time for us to join the party! Why should you consider long positions on Cardano? Well, let's take a moment to appreciate the immense potential this cryptocurrency holds. Cardano has been making significant strides in the blockchain space, with its innovative technology and commitment to scalability and sustainability. The recent launch of the much-anticipated Alonzo hard fork brings smart contract capabilities to Cardano, opening doors to a world of exciting opportunities. With the introduction of smart contracts, Cardano is poised to become a leading platform for decentralized applications (DApps) and DeFi projects. The market sentiment is overwhelmingly positive, with investors and developers alike flocking to Cardano's ecosystem. This surge in interest is fueling the ongoing rally, and we firmly believe that the momentum will only continue to grow. So, what's the call-to-action here? It's time to seize the moment and take advantage of Cardano's upward trajectory. Don't miss out on this thrilling opportunity to long ADA and potentially reap substantial profits. Our team of experts has carefully analyzed the market dynamics and set the resistance targets at 0.39 to 0.41. Now is the time to act, and we encourage you to consider opening long positions on Cardano. Remember, trading always carries risks, and it's essential to conduct your own research and make informed decisions. However, with Cardano's recent developments and the market sentiment in its favor, the potential rewards are simply too enticing to ignore. If you're ready to embark on this exciting journey with Cardano, we're here to support you every step of the way. Our team of experienced traders and analysts is available to provide you with valuable insights, market updates, and trading strategies to help you navigate the Cardano rally successfully. Don't let this opportunity pass you by! Long Cardano (ADA) now and join the ranks of traders who are capitalizing on this thrilling rally. Together, let's ride the wave of Cardano's success!
BINANCE:ADAUSDLong
by bryandowningqln
ADA/USD Signals by SS7Trader! 🚀Dive into the world of crypto trading with exclusive ADA/USD signals by SS7Trader on TradingView! 📊 Our expert analysis reveals strategic entry points and includes Take Profit levels (TP1 and TP2), as well as a meticulously calculated Stop Loss (SL) for effective risk management. Follow SS7Trader's insights and ride the waves of success in the cryptocurrency market. Don't miss out on potential gains – start trading confidently today! 🌐💹 #CryptoSignals #SS7Trader #ADAUSD #TradingViewAnalysis
COINBASE:ADAUSDShort
by ss7trader
ADA Failed to Break Down! Will The Price Rocket to the Upside?ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside. How do we trade this? The price is currently sitting at resistance in a bull trend. We should be waiting for either a strong bear signal bar to short or a breakout above the resistance zone to long. Bitcoin is in a similar situation, and we should wait for the signal before entering. If we get a bull breakout bar closing on or near its high above the resistance zone, it's reasonable to long. Place a protective stop below the resistance zone and a 1:2 Risk/Reward ratio to the upside. Don't trade a bull breakout bar until it closes and shows support above the resistance zone. That bar could quickly become a bear signal bar in which case, we're looking for a bar closing below the resistance zone on or near its low. A break below the channel support with a bar closing on or near its low would give us enough probability of profit to short with a tight stop, playing the reversal. We are in a bull trend, make sure the signal and confirmation are clear with tight stops. Key Points 1. Fanning Bull Channel, Bias to Long 2. Resistance Zone Still in Play 3. Failed Triple-Top Reversal 4. RSI at 56.00 above Moving Average, Indecisive. 5. Bitcoin at a critical moment. Breakout or Breakdown? You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
KRAKEN:ADAUSD
by TraderEngineering
Is Cardano Ready For A New BUll RUn!Consolidation Breakout: Cardano's price has broken out of consolidation, surpassing the $0.385 mark. Momentum Following Golden Crossover: Following a golden crossover, the ADA price trend is gaining momentum, with the MACD hinting at a bullish crossover. Potential to Reach $0.45: If ADA exceeds $0.410, the bullish trend could potentially reach $0.45. Bullish Phase and Market Value Growth: ADA has maintained a bullish phase for over a month, driving its market value closer to $0.40 and hinting at a run to $0.450. Significant Price Jump Prediction: Cardano price predictions suggest a potential jump to $0.50 in 2023. Triangle Breakout and Resistances: ADA has shown a triangle breakout and surpassed multiple resistances, with a year-to-date growth rate of 61%. Consolidation Range Formation: The price formed a consolidation range between $0.35 and $0.385 before breaking out. Current Trading Price: ADA is trading at $0.393 with an intraday gain of 1.55%, sustaining above $0.385. Technical Indicators - MACD and EMA: The MACD indicates a potential bullish alignment, while the golden crossover in the EMA supports uptrend continuation. Importance of $0.41 Breakout: The breakout past $0.41 is crucial for confirming the bull run towards $0.45. Downside Risks: A reversal from $0.41 could lead to a retest of the $0.385 breakout level.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
ADA: buying opportunities comingIf we assume crypto markets overall are out of the bear market, then June 2023 low should be it for ADA. Since then, it seems to be forming some kind of a leading diagonal. Leading diagonal structures are painfully corrective and designed to keep people out of accumulation phase. So, if it is in fact, a leading diagonal structure, then we should see some heavy downturns for Minute wave 4 and then the minor wave 2 back to mid to low 20 cent range. And like always most will stay out of buying, as they will think it is going sub 10 cents. For me, the math is pretty straight forward. I will buy the dips every time it is sub 30 cents with a stop loss at 23 cents. Because if the leading diagonal is invalid, breaching 23 cents will confirm it and price would head back sub 10 cents. For me, this will be a good risk/reward long term play for now.
BINANCE:ADAUSDLong
by mukit1
ADA Going to $0.32? Head and Shoulders Pattern Appearing!ADA is currently in a fanning bull channel, meaning the support and resistance lines "fan out" or widen as the trend continues. The final bull push happened at the head of the head and shoulders pattern, signaling the end of the trend. The right shoulder is currently forming and once the price falls to the channel support, could mean Cardano falls to at least $0.30. How do we trade this? The probability of profit is always greater trading with the trend, but we have a reversal pattern playing out which brings us pause entering in a long. Bitcoin, a leading indicator of the crypto market, is stalling in price and pulling back. My recent 4HR and Weekly analysis depicts Bitcoin's fate, which shows a falling price. This could hinder ADA from climbing in price, so we need to see what happens when it comes in contact with the trend support line around $0.36. If we see a bull signal bar (strong bull bar closing near its high with a tail 1/3 to 1/2 the size of the bar) followed by a strong bull confirmation bar (large bull bar closing on or near its high), then we have a long signal. If ADA has a bear bar closing below the channel support followed by a failed attempt to come back into the channel (confirmation), then it is reasonable to short to the 4HR 200EMA around $0.32. Key Points 1. Fanning Bull Channel: Price swings increase as the trend continues, probability of profit is higher when longing 2. Potential Head and Shoulders Forming, a reversal pattern that should bring pause when wanting to enter a long 3. Bitcoin is a Leading Indicator, the Risk of Pullback, could hinder ADA's ability to climb 4. RSI has Room to Fall. A weak indicator on its own, but supports #2 and #3 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
KRAKEN:ADAUSDShort
by TraderEngineering
2