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ADAUSD trade ideas

ADAUSD Is targeting 0.850 by the end of the year.Cardano (ADAUSD) is currently trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) for most of May. This consolidation is most likely the new Accumulation Phase for the next price jump and the reason is an old chart that we published last year, comparing the 2022/23 Cycle with 2018/19. So far it has been remarkably similar, with the Bear Cycle being a decline of around -93% on both occasions, within a Channel Down pattern that bottomed on an Inverse Head and Shoulders. The first significant upside target in 2019 was the 0.5 Fibonacci retracement level. That is currently a little over 0.850 and since the Cycle has been following the previous one so closely so far, we see no reason not to continue to do so. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ADAUSDLong
by TradingShot
5
Crypto Update: ADA gearing up for new push higher?Today's focus ADA Pattern – HL support hold Possible targets – .3550 Support – .3550 Resistance – .3665 - .3770 Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:ADAUSDLong
by Eightcap
Identifying Trends on CardanoHello Everyone, I have always had a passion for the markets (especially crypto) and I have decided to make it my career. I was a meteorologist in the military, which believe it or not, is very similar to chart analysis. I am producing charts in a learning series that I would really like to receive feedback on from the pros here, and I hope I can also assist those who are also new to trading! This chart will be identifying trends on Cardano. Feedback is greatly appreciated. Thank you everyone!
CAPITALCOM:ADAUSD
by theskrillagorilla
3
Cardano: Winnie the Pooh 🍯Like the honey-loving bear Winnie the Pooh, Cardano should grab deeper into the orange-golden honeypot between $0.39 and $0.31 to finish wave (ii) in blue. Although the main requirements to conclude the current movement have already been fulfilled by touching at the orange zone and Cardano could thus take off anytime, we rather expect the altcoin to advance ideally until the 100.00%-retracement at $0.34 before turning upwards. As soon as wave (ii) in blue is indeed complete, our crypto-friend should expand wave (iii) northwards.
BINANCE:ADAUSD
by MarketIntel
1
ADA (Cardano) lets take some profit on short for now.#ADA /USD TA Update: CRYPTOCAP:ADA currently trading at $0.3594 According to Coinlion Trend Trader Indicator, we got en Exit Point Alert for ADA at $0.4 (04/21) Coinlion Trend Trader Indicator entered short at 0.3864 the 4th of may. Then takes 2 times Profit : 1) $0.365 (20% exit position) 2) $0.362 (10% exit position) (6,5% Profit). There is a strong resistance at the 200EMA. The same which has rejected ADA many times before But we have broken the descending channel. Now we have a support on the 200SMA at $0.352 and a liquidity zone support between $0.2986 and $0.30 Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357 + we can see that ADA is oversold. The trend might change soon as whales are accumulating a lot ADA. Lets see what happens and follow the indicator instead of our emotions. What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) - Now CTT comes with the new RSI and Stochastic indicator IF YOU WANT we can give you the link to our free indicators : - Stop Loss indicator - Liquidity Support and Resistance Indicator - Buy and Sell signal - Automatic Fibonacci Levels with Higher and Lower Lows Thank you.
BITFINEX:ADAUSDShort
by Coinlion_TT
2
Trade ADA/USDTCryptocurrency traders have been keeping a close eye on the dominance of altcoins in the market. However, recent trends indicate that altcoins dominance is decreasing due to vertical and horizontal resistance. This has been coupled with the continued bleeding in the market, which is creating a perfect opportunity for traders to short ADA. BTC dominance is experiencing a bullish retest, which is an indicator of a bullish market trend for Bitcoin. This trend is likely to have a significant impact on the value of other cryptocurrencies, including ADA. As altcoins continue to experience decreasing dominance, it is becoming increasingly clear that traders should be cautious when investing in these assets. Shorting ADA at this time presents an excellent opportunity for traders to profit from the current market conditions. With the dominance of altcoins on the decline, it is becoming increasingly challenging for these assets to gain value in the market. As such, a short position on ADA could yield substantial returns for traders. In conclusion, with the current market trends indicating a decrease in altcoin dominance, coupled with the continued bleeding and bullish retest of BTC dominance, shorting ADA presents a viable trading opportunity. Traders should take advantage of this opportunity to profit from the current market conditions and maximize their returns.
BITFINEX:ADAUSDShort
by Quotum_consultancy