ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
ADAUSD trade ideas
#9 TA only.What I think will happen:
I think I've found the exact point you would want to buy/long ADA at.
Idea '#8 TA only.' is still viable but its wrong about the buy/long entry point.
This idea is about 'the right spot' to buy the dip @0.996 (somewhere inside the white highlighted box, that is where ADA will be going this month for a few second/minutes at most). I'm placing buy limit orders just in case it does happen.
Lets see what happens!
Cardano: searching path to $0.40Cardano is a network with so much potential and so little market support. But its struggle to sustain its market position is certainly something for respect. During the previous week, the price of ADA was supported by the announcement of Cardano`s EVM company Milkomeda of forthcoming network`s upgrade, by which, all users of the Cardano network will be able to access smart contracts on Ethereum virtual Machine, through ADA wallets. This is a significant improvement, which pushed the price of ADA again toward the $0.40 resistance line, from $0.35 support line. However, there has not been enough buying orders to push the price above the resistance level, so the price of ADA is finishing the week with prevailing selling orders around $0.39 level.
RSI continues to move above level of 50, which means that the market is still eyeing the overbought side. This might support the price of ADA further. Moving averages of 50 and 200 days are still in the gray zone, without a clear sign whether the Golden cross is coming or not.
The positive sentiment around ADA and the upgrade of Cardano's network still holds. This is positive for the coin, regardless of the negative impact on the price coming from generally higher market uncertainty. As per current charts, it might be expected for the price of the coin to revert a bit to the downside, at least to the level of $0.35 support line. On the opposite side, there is equal probability for $0.40 resistance to be tested for one more time.
Bearish short term, ADA IS PRIMED TO TAKEOFF AFTERcurrently, we are in a bearish flag pattern, ada is going to go down, as the rest of the crypto market might, be as well, but it is shown we want to push in the downward direction, set to drop to 0.364, consolidate, and then probably fly down to 0.29-0.31$, onwards we will blast off to the moon!
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update:
$ADA currently trading at $0.3919
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23)
We have potentially a Profit Point coming at the end of the day (5,5% Profit).
There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before
But we have broken the descending channel.
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
if ADA holds, we could see a massive gain (183%).
What do you think ?
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Cadrado (ADAUSD): Bearish Signal Explained
ADAUSD reached a solid horizontal daily structure resistance.
Approaching that, the price formed a double top pattern on 1H time frame.
Its neckline was broken then.
I will expect a retracement from the underlined blue zone.
Goals will be 0.365 / 0.355
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ADA Trendbreak and retest of the support levelsYou can See that ADA(Cardano) Broke the downwardtrend and retestet the so established Support Zone,after Passing this longterm baerish downtrend.
This is a confirmation, that a Trend change is coming in.
usually this Trendbreak is followed by a V-Shape Retracement to the 50-61. Fibonacci Levels, where i put the Lines.
I think we will reach the Target Zone pretty fast.
CARDANO BULLISH DIVERGENCE ABCD INCOMING, THE MOMENT IS HEREPulling back from pulling back off the pullbacks.
Short term - as we've pulled back from the recent short starting on the 22nd, we are going to enter a bearish divergence, via market sentiment and incoming Core CPE, we're looking more bullish then ever, but for the next 3 days, were seeing something bearish, but in long term bullish
Mid term - we are in a current pullback from March 10th, in the little buy boxes i have, the range is very inaccurate, the lower you go the riskier you get. given the more larger trend line that has existed as resistance, buying anywhere inside is safe. but currently, as we pull back, we are bound to hit that line again, and as everyone has anticipated for weeks and months, we are about to hit the jackpot and goto the moon!
Long term - using our Fibonacci Retracement Tool, we've previously retested this larger trend line, midway above the 786 line, i think once we confirm this 618 line, even if it breaks through the larger trend line and tests it, we should see massive, possibly and probably big gains!
chances of ADA going under 0.30 are improbable because that would in turn give a bearish divergence and idek what goes on there, but that would mean crypto goes down and theres no way thats possible anymore
4.
Cardano (ADA): is $0.4 next?A positive sentiment on the crypto market continued for a second consecutive week, which also supported the price of ADA. The coin started the previous week around $0.33 level, and during the week was gradually building its road to the higher grounds, till the level of $0.38. For some reason, the $0.40 resistance line is still a hard task for ADA at current turbulent times on financial markets. But, on the other hand, the increase in price shows that investors still have confidence in this coin.
During the week the RSI crossed the 50 line and moved to the highest level at 57. This could be treated as a positive signal, considering that the investors are still more oriented toward the upside, and overbought market side. Moving averages of 50 and 200 days for the last three weeks are moving side by side as one line, which is quite rarely seen on the charts. It is currently quite hard to say if the cross will occur or not.
ADA is gradually building its higher grounds, but still missing the $0.40 resistance line. If markets continue with a positive mood, this might be a target of ADA for the week ahead. On the opposite side, the coin could also modestly revert to $0.35 support, to test it for one more time.