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Cardano / TetherUS PERPETUAL CONTRACT

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ADAUSDT.P trade ideas

ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Long
by altFINS
CARDANO WEEKLY BULLISH OUTLOOK ADAUSDT has once again stabilized at a significant key level on the weekly timeframe. Observing historical price movements to the left, there's potential for a reversal in the highlighted zone. Strong rejections and bullish reversals in this region historically support our bullish thesis. The current sell-off is viewed as a substantial retracement, correcting the preceding rally. Notably, the price is holding at the 61.8% level on the Fibonacci retracements, suggesting a potential area of support.
Long
by traderchamp_
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle. It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life. The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort. Keep an eye on this trade!
Long
by FieryTrading
12
ADA - Time For Concern?🤔❕ADA vs BTC ❕ ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed. Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC: Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio. _______________________ BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
Short
by CryptoCheck-
3
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Long
by altFINS
ADAUSDT.1DThe daily chart for Cardano (ADA/USDT) displays a fluctuating price movement with critical levels outlined. Currently, ADA is trading at $0.4662, having faced significant resistance at the $0.5263 mark (R1). The next major resistance level (R2) is situated at $0.6852, which marks the upper range of the price movement in this period. The support structure includes a primary support level (S1) at $0.3606, with a further support (S2) at $0.2255. Observing ADA's price behavior around these levels could offer valuable insights into potential reactions in future sessions. The RSI indicates a value of 41.63, suggesting a slight bearish bias as it is below the midpoint of 50. This could signify that there might be more room for downward movement unless a reversal signal appears. The MACD is close to the signal line, hovering just below it, indicating a lack of strong momentum but a possible preparation for a direction change if it crosses above the signal line. For trading, watching ADA's interaction with these key support and resistance levels will be crucial: A recovery and sustained movement above R1 could indicate bullish potential, possibly aiming for R2. Continued pressure and a break below S1 could warn of a move towards S2, indicating stronger bearish momentum. Traders might consider entry points for buys near support levels with a tight stop loss if reversal signs appear. Conversely, a break below support might be used as a trigger for short positions, aiming for lower targets while monitoring for any potential reversal signs that could invalidate the bearish outlook.
Long
by MarsSignals