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ADAUSD trade ideas

ADAUSD | Wave Analysis | Inverted Head & Shoulders Pattern +150%Confluent Wave Analysis with price action and chart pattern trading setup: > The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave. > Entry at B-D downtrend line breakout / WMA50 week > Target 1 @ 161.8% Fibonanci extension +100% upside > Target 2 @ 200% +150% > Indicator: EWO - doubled bullish divergence in TFW
COINBASE:ADAUSDLong
by dukeposh
Ada forming a diagonal pattern in a larger wave degreeGreetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
KRAKEN:ADAUSDLong
by Mehdi_Abbasi_EWP
6
Cardano (ADA) Price Analysis: Bulls Eyeing $1.201 Target Amidst ADA is currently trading within an ascending channel, with the price recently testing the upper boundary. A breakout above the channel resistance, supported by a decline in Bitcoin dominance, could propel ADA towards $1.201. Key support levels lie at $0.618 and $0.578, which could act as launchpads for further upward momentum. Technical Analysis: Cardano (ADA) has been on a bullish run since the beginning of the year, gaining over 50% in value. The price is currently trading within an ascending channel, with the upper boundary acting as a strong resistance level. Ascending Channel: The ascending channel is characterized by two parallel trendlines, one sloping upwards and the other sloping downwards. The price action oscillates between these trendlines, creating a series of higher highs and higher lows. Resistance and Support: The upper boundary of the channel, currently at $0.825, is a key resistance level for ADA. A breakout above this level could signal further gains towards the next target of $1.201. On the downside, the lower boundary of the channel, currently at $0.618, provides support to the price. A breach of this level could lead to a retracement towards the next support level at $0.578. Bitcoin Dominance: The recent decline in Bitcoin dominance has been a tailwind for altcoins, including ADA. A continued decline in Bitcoin dominance could provide further support to ADA's upward trajectory. Conclusion: The technical outlook for ADA remains bullish, with the price poised for a breakout towards $1.201. The ascending channel pattern, coupled with declining Bitcoin dominance, suggests that the bulls are in control. However, investors should exercise caution and practice risk management, as the cryptocurrency market is known for its volatility. Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Please do your own research before making any investment decisions.
BINANCE:ADAUSDLong
by sansoorchi
✴️ Cardano | Long-Term Bullish Potential Revisited (2025 ATH)Cardano (ADAUSD) hit a major low in early July 2023 at $0.23. This level was never visited again. In September and October 2023, a higher low/technical double bottom happened at $0.24. We are now in the bullish zone. Cardano moved and closed weekly above EMA100 but more interestingly and an even stronger signal is EMA300. ADA is trading above this level as well. The current weekly candle/session is trading at the highest price level since May 2022 after closing last week full-green. This whole dynamic depicts a bullish bias so let's consider the targets we have for 2024. 1) $1.20 can happen in the short-term (within 30 days). 2) $1.87 and $2.45 can happen mid-term (within 1-3 months). The remaining targets would be Cardano near to or at new All-Time Highs and this can happen either long-term (within 6 months) or long long-term (6 months+). 1) $2.85 2) $3.90 3) $4.90 4) $8.11 All-Time High potential in 2025. Rough estimate, can be much higher based on how the market action will develop. Thank you for reading. Namaste.
CRYPTO:ADAUSDLong
by MasterAnanda
6
Bullish on ADA - Next Stop at USD 0.80As with the crypto market as a whole, we are optimistic about ADA. There are several indicators that suggest that this altcoin will outperform many others. There is currently a favorable entry opportunity for a long position in ADA. We are setting a tight stop loss and targeting the area just below $0.80 USD. Some Elliott Wavers give USD 0.84 as a price target. We are somewhat conservative in taking profits, as our target range includes a significant order block from May 2022, which is likely to act as resistance. However, this does not change the very bullish sentiment, so we view any Elliott analysis as support for our bullish view on ADA.
COINBASE:ADAUSDLong
by Ochlokrat
1
Cardano weekly chart update👀👍Cardano weekly chart update We have a beautiful bullish break above the important volume POC at 0.45 dear #CardanoCommunity 👀👍 Here are my TP levels based on FIB retracements and please consider the lack of volume on the way up TP1 at FIB 38.2% 🟢 0.60 TP2 at FIB 50.0% 🟢 0.825 TP3 = $1 mark⚪️ TP4 at FIB Golden Pocket 🟢 1.20 Of course a bearish scenario always has to be considered - visit 0.23 again after a fakeout Less likely IMO😎 Comments💭, Likes♥️ & Follow🔗 appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:ADAUSDLong
by Crypto4Everybody
ADAUSD: Changing my EW count. Slightly more bullishThe price action between June and October last year as minor wave 1 and 2 bugged me a lot. The move between June 8 and July 14 looks like an obvious 3 waves. I tried to make it fit with 5 waves, but it was a stretch. The current price action is also an obvious impulse move. The leading diagonal idea is not valid any longer since the current price action moved up too high and in 5 waves. So, I had to go back and start to decompose the previous correction. If we go back to April 14, 2023, high and make that wave X correction high, then things fall into place with a much more prevalent triangle from April 14th to October 19th. So, the start of impulse is on October 19th, rather than on June 10th. In this count we can also assume minor degree waves 1 and 2 are also complete and the very powerful wave 3 of 3 of 3 should be under way. If this holds true, then my previous idea for loading up at $0.45 will not happen any longer. There should be a slight correction, but it cannot break $0.448. This will also mean price should go at the previous all time high in the next 3 to 6 months before any meaningful correction. In grand scheme of things, price will put in some kind of a cup and handle pattern in the macro timeframe. I was bullish before, but this count make me more bullish and with slightly higher targets. As long as price does not break below $0.448 between now and the end of this new 5 wave sequence, things are good to run wild!
BINANCE:ADAUSDLong
by mukit1
ADAUSD: Game on!!!ADA has made an unexpected move upward that has confirmed the next bull market. In my last analysis, I was keeping a leading diagonal count as the primary count. That also meant some serious corrections before the move up. However, ADA is making some great strides and the coin price is responding accordingly. If the June to July 2023 price action can be fit in a 5 wave structure, the rest fits in a very nice looking impulse. With this weeks price action, we have a full 5 waves structure on minor degree. It is extremely constructive price action for ADA and pretty much confirms a new ATH within the next 12 to 18 months. The pattern since June 2023 is looking like a raising wedge and most likely there will be a correction soon. But, there could be another 20-30% move before that happens. Depending on when the correction starts some re-entry targets can be set. I will be buying anytime price goes below $0.45. Once the current bullish sequence is complete, I will mark that as the intermediate degree wave 1 of primary degree wave 3. The next correction would be intermediate degree wave 2 which can last up to 6 months or about half the time taken for wave 1 (which has been almost one year). This will be last buying opportunity for ADA at the cheap in my opinion, because wave 3 of 3 will begin and we should see the most insane rise for ADA in its history. For now, i am prepared to hang tight and not worry until $0.22 is broken. That is the most critical level to watch.
BINANCE:ADAUSDLong
by mukit1
ADA Elliot Wave Count: Wave 5 almost in!!!!!-ADA is in the Process of printing a high time frame (HTF) wave 1 (W1) -medium time frame (MTF) is in the final stages of printing its W5 -The 1-1 targets for price and time have both been broken. The next target is the 1.618, which is $1 by march 18. -On the LTF in order to reach $1 we would need to see a 5th wave extension to the 3-1 fib in time and price. -Price is currently interacting here with the 1.618. Additional TA -untapped monthly open/close + Log 0.618 at $1.14 -monthly naked point of control at $0.96 -Log 0.5 at $0.84 and 0.236 at $0.90 Put it all together and these are the targets
COINBASE:ADAUSD
by peytonfin2
1