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ADAUSD trade ideas

Cardano: possible side trading?The Vasil fork has been successfully implemented, but the market reaction was under influence of the macro news during the previous week. Cardano`s price was pushed down to the level of $0.42 at the beginning of the week, but it soon reverted to the upside and to the highest weekly level at $0.48. Resistance line at $0.5 has not been clearly tested. ADA is finishing the week modestly above $0.45 support. RSI had modest moves between 42 and 46. Market is moving in the middle of the road, without a clear picture whether it is heading toward the overbought or oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines with the down trend. Charts are pointing that at this moment ADA does not have enough strength to move to either up nor down side. In this sense, there is a high probability that the coin will continue with its side trading, moving between $0.5 resistance and $0.45 support line.
COINBASE:ADAUSD
by XBTFX
2
posibility key levels. cardano.the dxy is in the resistant levels of month charts. it is only a matter of time before we see a hard fall. the price can't just go up it has to go down too. that is the nature of the market. I see 2 important key levels with cardano. why i want to take this because i see a reversal pattern and such patterns play out really well at the right key levels. if the price comes on the 3rd touch of the channel line with a double bottom support. this is a solid level for buy. if the price does not hold the level then the next level is 0.34/030. for the taller holders this is a great price level. you can't lose in the long run. it's only a matter of time before the dxy falls. it could only rise for another 1/2 months, then it will fall hard and you will get a new great bull run in the crypto.
CAPITALCOM:ADAUSDLong
by wachy
1
Cardano: A Vasil weekCardano`s Vasil fork is scheduled for implementation on September 22nd. This improvement will support Web3 developers with creation of decentralised applications. Cardano`s community is very positive about this network improvement, and it has been lately expressed through the price of ADA. However, latest market sentiment influenced by the macro fundamentals have slowed down the price of ADA during the previous week. Although ADA started the week testing $0.5 resistance line, general market sentiment moved the price to the down side during the week, and lowest weekly level at $0.45. RSI had modest volatility during the week, moving from 56 down to 46. Charts are showing that the market still prefers the overbought side, regardless of the temporary RSI move below the level of 50. Moving averages of 50 and 200 days continue to slow down the convergence, putting the golden cross on a hold. Current charts are pointing that ADA is still not ready to give up on the $0.5 resistance line. Another testing of this resistance will continue to be supported by the forthcoming Vasil fork, at least until the middle of the next week. On the opposite side, there is equal probability for $0.45 support to be tested again in the coming days.
COINBASE:ADAUSD
by XBTFX
ADAUSD Doesn't seem to be able to get out of its bearish trend.Cardano (ADAUSD) got rejected 6 days ago exactly at the top (Lower Highs trend-line) of the long-term Channel Down pattern that it has been trading in since the September 02 2021 market High. This is the 4th Lower High rejection of this structure and when that happened in the past, a strong rejection followed. Cardano has been trading sideways for basically 3 months (since the June 18 low). As you see this has the potential to extend a green Channel if the price breaks above the Lower Highs. Until then, it would be best to sell again only if the 0.400 Support (July 13 Low) breaks and target the 2.0 Fib extension. A break above the Lower Highs though should extend this 3 month neutral trade and test first the 1W MA200 (red trend-line), which has been basically the Resistance during these 3 months, and secondly the 1D MA200 (orange trend-line) for the ultimate long-term trend test. When ADA breaks and closes above the 1D MA200, then and only then we can consider a long-term shift of fortunes from bearish to bullish. The Bullish Cross on the MACD (on the 1W time-frame) could be an early indication of such a move. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ADAUSD
by TradingShot
1