ADAUSDT.P trade ideas
ADA: Descending TriangleTrade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back. Now it’s consolidating in a Descending Triangle pattern. We wait for a breakout in either direction. Bullish breakout could see the price revisit $0.80, while a bearish breakout below $0.57 support could be followed by a dip to $0.46 next.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
Watching the weekly Closures for SupportI think we get another candle closure above this support, with a flush through next week to make another tweezer wick like bottom, confirming this support and then a push towards highs again.
Keep an eye on the lower timeframes, 1h/4h and daily to try and avoid the flush, or play it, and to stay ahead of a major downturn incase my idea is wrong here.
ADA impulse on its way?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Wow, what a mess.
The clearest thing I can see here is a ZZ pointing up and a move that retraced back beyond its origin.
Didn't squirt hard enough, it seems.
An impulse down would be ideal,
or could go sideways.
🚧ADAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:ADAUSDT
✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .also a bullish Divergence (RD+) on MACD which shows Positive Signs for CARDANO.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
🟢 Bullish Divergence
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
CARDANO - Beware of the Zombie 🧟Charles Hoskinson, the visionary founder of Cardano, boldly predicted that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum.
I seriously doubt it will surpass any of the 2 (BTC or ETH) but i do tend to think it will be in the Top-5
At the same time, Cardano’s loss to Base leads to ‘zombie chain’ tag
The disparity in the TVLs highlights how the Base has won the hearts of market participants while the Cardano hasn’t been exactly attractive.
While Hoskinson’s proclamation has garnered admiration and anticipation, dissenting voices within the cryptocurrency community remain.
Evan Van Ness, a prominent member of ConsenSys and an Ethereum advocate, criticized Cardano, labeling it a “zombie chain” due to its position below Base’s TVL (Total Value Locked).
The debate will be on and ADA is facing more and more competitors.. remember the race against SOLANA and POLKADOT? ADA is still ahead of those in total marketcap.
Don't cross out CARDANO..It will strike back
remember Haskell:
remember the Crypto Fable🐢:
Time to look at ADA? Well, a lot depends on the market as such.
One Love,
The FXPROFESSOR
Bitcoin expected price in this downturn As Bitcoin has seen a major correction to the down side, other cryptos has followed suit. In anyway I believe we are still going down to at least touch the 200 moving average for BTC. I expect prices of around $56000. Though it's does not indicate a bear trend, I believe this is a repetition of historical events as BTC has shown time and time again to correct just before it's halving date.
ADA --Is the Head and Shoulders Pattern Activating?ADA ( CARDANO) Potential for a 20% Drop !
We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price.
Key Factors to Consider:
Confirmation of Pattern: The pattern should be confirmed with a break below the neckline and increased volume.
Target Price: The target price for the pattern is calculated by measuring the distance from the head to the neckline and projecting that distance below the neckline.
Risk Management: It is important to use proper risk management techniques when trading this pattern, such as stop-loss orders.
Please note that this is not financial advice and you should always do your own research before making any trading decisions.
Cardano(ADA): Looking For Lower Targets!Cardano has pretty decent rejection from branches of EMAs, forming a smaller resistance zone right there!
We are looking for further movement to lower zones here, as long as we maintain the price below those EMAs.
Swallow Team
Bearish outlook for ADAADA’s outlook is bearish for the following reasons:
1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents.
2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd.
3. ADA is. Below the short EMAs, the 21 and the 50.
Should ADA lose the 58-cent support, It could drop as low as 36 cents.
ADAUSDT #N49ADAUSDT
En: Now 0.6618
Sl: Between Red Lines (1% of your balance)
Tp: Green
(Check the picture or tradingView for Numbers)
Cancel if Tp crossed without opening
#240Min_trade
#N49
ADA - Daily more fallFollowing its robust bullish rally, ADA has been ascending within a channel.
However, the recent loss of crucial support zone could signal a potential decline, taking it to at least the lower boundary of the channel.
Traders may want to keep an eye on this level for possible support and a rebound or a further break indicating continued downside.
ADA: buy in wedge📊Analysis by AhmadArz:
🔍Entry: 0.6453
🛑Stop Loss: 0.3646
🎯Take Profit: 0.6548 - 0.6667
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ADA: Pullback in UptrendTrade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. We would be buyers near $0.57 support, which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52.
Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
Cardano maybe the next move is bullish !ADA made a bullish patterns Inverse Head and Shoulders i see if it broke out from the resistance
Disclaimer:this is not a financial advice
Destiny Of The ADAThere is a lot of similarity compared to the previous cycle, in this range we should only think about buying, in the coming days if you see crazy moves from Cardano, you should not be surprised!
Cardano(ADA) X Right Price for quarter 2, 2024.Cardano (ADA) X Right Price for quarter 2, 2024.
$0.8560 May Touch $0.8699 As Data Moved Outside the Range During June, 2023.
Retest In Between Before the Following:
$0.8995 Follow By $0.9158
$1.0079
$1.0262
$1.1284
$1.1456
$1.2382
$1.2542
Execution Prices = $1.3178 Follow By $1.3019
Distribution Price = $1.3596 Follow By $1.3755
Ada has good potential in 2024🔥Hello, dear friends!☺️
🧐Today, I present to You my chart showcasing the promising potential of the ADA coin (from Cardano). As you all know, Cardano has its own cryptocurrency called ADA, which serves as the primary asset of the platform. They utilize the Proof of Stake (PoS) algorithm to ensure network security and support its decentralization.💻
⚡️It's essential to highlight that the Cardano project adheres to scientific methods in the development and implementation of its technologies, contributing to increased security and stability of the network.
Regarding the price movement of the ADA coin, let's take a look at the chart.👀
In December 2023, the price broke through the resistance line of a parallel channel that had been forming for almost a year (marked in red). The formation of this channel began after a prolonged sharp decline in price following the last bull run. I've labeled this parallel channel as the bottom on the chart!👇
💡It's safe to assume that in the coming months (medium-term perspective), we can expect the price of this coin to rise. By placing several buy orders (orange zone) to catch it at the optimal price, setting the marked levels for selling (take profits) at 0.9, 1.0, and 1.2, and keeping in mind the stop-loss level 🛑 - under 0.38, it could be a very profitable deal!🔥
🚀I believe the potential for this coin is quite good, but significant growth will require more time. So, let's add it to our checklist and keep an eye on it 😉
🧐What do You say, folks? How do You feel about ADA and the Cardano project itself? Do You have any experience trading this coin?
Thanks for Your attention, stay tuned! Subscribe not to miss out. 🫶
Always sincerely yours, Kateryna💋
ADA BULLISH IN 1H TIMEFRAMEADA has just shown the bullish signal in short term (1h) timeframe.
Targets and SL are given in analyzed chart.
ADA Cardano Double TopIf you haven`t bought ADA before the altcoin season rally:
Now, I believe we are going to see a retracement from this Double Top formation, one of the most bearish chart patterns, to $0.53!
ADA (Y24.P1.Video1).Not looking goodHi Traders,
Here are my thoughts on ADA and why I am looking to take my business elsewhere.
All the best,
S.SAri
Destiny 1D ADAThe trend that this cryptocurrency is taking with respect to the 3-point Fibonacci retracements can be considered as such, of course, I will say again that each trader has to go with his own personal strategy and here we are just talking about each other.
