ADAUSD trade ideas
ADA Cardano price prediction for JulyFrom this triangle formation I can only guess that we will see one more upward swing before heading down towards $0.30 support. If we back out to the monthly view it still has a lot of downward movement to go before the climb back to the top. It takes crypto several months to recover after a bear market like this, but ADA is a solid investment and will be stronger once the bulls come to play.
Cardano Update on The 4H Timeframe (Questions & Answers)You asked me to share an update for Cardano (ADAUSD) and here it is...
Questions:
What do you see coming?
What happens next?
Are we still bullish?
Answers:
We are still within the same range/setup/bias as before.
We are strongly bullish above the 18-June low regardless of what happens short-term.
We see a bullish wave coming but patience is key.
Any additional questions share in the comments below.
We should see things pick up by the end of the week...
That's when we grow.
First half of the week shaky, second half gets better.
Namaste.
Cardano's Desending Wedge Setup, will it shrug off macro woes?Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside?
Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the potential for a significant bounce in the major cryptocurrencies.
A potential bounce could see a 50-100% upside for major Altcoins that are down over >75% from all time highs. With Bitcoin and Equity index spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Game plan for ADA _ Update _ Inverted Cup and Handle Pattern
ADA Cardano possible formation of a small inverted cup and handle pattern.
If there is no novelty or manipulation on the market that could turn the direction upwards, the game plan is still valid.
Not the financial board.
Just for fun.
ada 15m tf0.618 bounce
expecting an abc correction wave
to form the head for HnS prediction chart pattern
Cardano Price Analysis — June 27As the days go by, a bearish flag pattern becomes clearer for Cardano, which currently trades a few points below the $0.500 level. That said, a bearish dump could materialize in the coming days or when ADA taps the $0.535 top.
In the meantime, we should see a 10% bullish move play out in the coming hours or days, creating a bullish window for buyers as well as a sell entry for bears. That said, this bearish flag setup becomes invalid if ADA bodies a sustained bullish push above the $0.550 mark.
Meanwhile, our resistance levels are $0.500, $0.535, and $0.550 and our support levels are $0.450, $0.400, and $0.350.
Total Market Capitalization: $933.8 billion
Cardano Market Capitalization: $16.4 billion
Cardano Dominance: 1.76%
Market Rank: #8
Buy buyThe long tail candle with high trading volume in the last drop, and therefore I expect the price to reverse upwards, I recommend buying
Cardano: side trading might continueDuring the previous week ADA managed to regain some of the value compared to the week before. However, it was such a shy move, which shows that ADA is still missing market strength to make real rebound and erase losses from the previous period. ADA started the week testing resistance line at $0.50, then reverted to the downside and $0.45 level, in order to finish the week slightly below $0.50 resistance.
The Relative Strength Index made a modest move from level 41 up to 46. Currently there is no indication that the market is on the clear move toward the overbought territory. Moving averages of 50 and 200 days are continuing to move as two parallel lines, for some time now, and following a down trend.
Current charts are indicating that side trading might continue during the following days. It is clear that the coin does not have market strength to move above $0.50 resistance, but there are also not enough selling orders to push the price below $0.40. These two levels are current boundaries for ADA and will probably stay as long as ADA`s trading volumes are decreased, with equal participation of both buying and selling orders.
adausd ideawe see this candles have not closes below 48 cents for the past 5 weeks, it is very critical support, any close below chances are it hits 0.32 cents , note that it can wick below it like it has done it, remmeber the daily support at 0.45 cents as well, i will surely close the position if it shows any signs of weakness if bulls cant move higher the longer its at this support chances are it can break down , so set the stop loss
4HR Ascending Triangle on CardanoWe have an Ascending Triangle visible on the 4 Hour Timeframe for ADA that could be enough to take us back up near 60 cents atleast.
Cardano forming a symetric triangle to overview now!!!Cardano price forming a symmetric triangle in 3 Daily timeframe and it's in this clearly consolidation that could to up to $0.61 cents again to watch this smart price to sell this cryptocurrency, and also entry in the smart point to sell and following the trend always.
So, I will closed up my short now because crypto could to up a little ,but it's not to the moon and always following the trend it's a key to learn very good.
In Daily timeframe, we formed a demand zone over here around $0.47 cents and price continue climb to see now a possible chartist pattern in formation.
So guys, I have this perspective shorting ADA in 3 Daily timeframe. I expect that the price climb to $0.61 cents approx. and then wait to entry in short position in that zone to sell Cardan toward my new point $0.20 cents. This it's a crash of almost 70%
I hope that this idea support you
ADA breaks above $0.500, gaining 4.29 percent.The Cardano price analysis is displaying bullish progress today. After yesterday’s sluggish bullish price movement, bulls got some momentum today as the price break-out was upwards, and bulls uplifted the price significantly to $0.519 in a swift move. Overall market sentiment is in favor of ADA/USD today, and a further increase in price is also expected if the buyers remain persistent.
Overall the broader cryptocurrency market started to recover just four hours back after correcting at the start of today’s trading session, including Bitcoin and Ethereum, and most top altcoins observed a positive market sentiment in the last 24 hours and reported gains, with SAND and Apecoin topping the charts, with 11 percent and 13 percent gains respectfully.
Cardano Long-Term (385% Potential Mid-Term Target & More)Let's review together the long-term chart for Cardano (ADAUSD) on Coinbase.
It is the same ADAUSD on all exchanges and valid as well for the stable coins, USDT, USDC, etc.
Cardano (ADAUSD) Weekly Chart Analysis
@alansantana
We can clearly notice the bear market that started right after the August 2021 price peak.
It is a long/strong bear market.
How do we know if the bottom is in?
Or better yet, how do we know that we will have a bullish wave/relief rally?
Easy.
Notice that we have a low set on the 9-May candle (this is marked on the chart - the candle closed as a hammer which signals a potential low).
One month later, on the week of 13-June, also marked on the chart, you can notice a perfect Doji with a -9 count on the TD Sequential that ended in a higher low.
That's all the information we need.
The 9-May hammer set the low and this is confirmed by the higher low on the -9 Doji 13-June.
The high volume is also a giveaway.
Such strong volume yet prices remain the same.
Accumulation I should say.
From this point forward we can expect a relief rally based on the signals mentioned above.
This rally can last several months and then boom, out of nowhere comes a sudden crash and then another low...
Let's focus on the present moment...
Cardano is getting ready to grow!
Hit like if you enjoy the content.
Thanks a lot for your continued support.
Namaste.
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Cardano Wider Perspective | Easy 15% (10X Lev. = 150%) & More...We've been looking closely at Cardano (ADAUSD) and when looking too close one can get lost.
It is always good to have the bigger picture at hand at all times to better protect ourselves from any sudden move that may show up.
The low was hit for Cardano on 12-May, exactly like the rest/entire cryptocurrency market.
Prices just now are moving above EMA10, which finally switches the short-term potential to the bulls.
We were looking at early signals when in the short-term timeframes and so far things are looking good.
The RSI is strong at 47 on the daily timeframe.
The RSI is never strong when prices or dropping or near support with the exception of now.
When a pair has bottomed, when support is very likely to hold, we see very low prices but with a strong RSI.
This takes us to our first target which is EMA50 at 0.5820 for 15%.
Since we are on 10X on this pair, that is a nice 150% potential price jump.
This one is an easy target.
Since we already had multiple rejections and a higher low, after we see any type of small recovery this is the resistance that will be visited first and foremost.
But I don't think that Cardano will stop at 0.58, I think it can do much more.
Additional details on the chart.
Namaste.
