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Cardano / TetherUS PERPETUAL CONTRACT

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ADAUSDT.P trade ideas

ADA Surges and Now Attempts to Break Above a Key Resistance The Cardano price has been exhibiting intriguing movements, showcasing potential bullish momentum in recent sessions. Closing prices on the 4-hour chart over the past 24 hours have displayed a steady uptrend. This upward trajectory suggests growing investor interest and positive sentiment surrounding ADA. Examining the Exponential Moving Averages (EMA), the 9 EMA has consistently been above the 20 EMA, indicating bullish momentum. Specifically, the 9 EMA values have been progressively increasing, surpassing the 20 EMA values, which further reinforces the bullish sentiment. The Moving Average Convergence Divergence (MACD) indicator also supports the bullish outlook. The MACD line has been consistently above the signal line, with increasing values over the past 48 hours. The histogram, representing the difference between the MACD and signal line, has also been consistently positive, indicating strengthening bullish momentum. Furthermore, the Relative Strength Index (RSI) has been hovering in the overbought territory, indicating strong buying pressure. RSI values have steadily increased, reflecting growing bullish momentum and potential continuation of the uptrend. However, traders will want to keep an eye on this indicator on the 4-hour chart as traders generally see a crypto in overbought territory as a sell opportunity. This is due to the fact that the crypto’s downside is greater than its upside potential.
by StevenWalgenbach
Cardano(ADA) Bull continuation Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change. Will keep on updating on this, but for now, at the Current Price we are expecting a bullish move. I have indicated the chart so you can be able to see my sentiment clear. REMEMBER..NFA
Long
by Theofylrx
1
ADAUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Until we above 0.44 still wanna see 0.7 - 0.75$ zone. Entry: Market and lower Targets: 0.62 - 0.68 - 0.73 Stop: ~0.44 (depending of ur risk). RR: 1 to 5 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
3
ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA. After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883. Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance. We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
by Rick_SimpleSwap
EMA 200 Test expected on Daily at Golden Ratio (40 cent)The price came below EMA 50 and bounced off it to go lower. There might be a test of the EMA 200 on the daily chart which might end up bouncing from the golden ratio around 40 cent to reach higher than 69 cent. If Bitcoin retraces lower pre halving (like 32 - 35 K) it is likely that the price reaches 35 - 37 cent before rallying higher. I am also expecting Bitoin to see lower prices before halving. RSI is below 50 showing a bearish trend.
Short
by ShortyShort78
3
ADA - Time For a Bearish CorrectionADA - Time For a Bearish Correction Cardano broke down from an "Ascending Channel" pattern and it is pointing down for a possible bearish move. Price found a strong resistance zone near 0.6000 and it is like to test that zone again before the bearish wave begins. A strong support zone will be found near 0.5600 and near 0.5350 A move below the support zones above should push Cardano down even more. This can be also a small movement compared to what can really happen. However, let's see how the price will develop these days. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
Looks good in the long run.Cardano currency broke its 900-day downward trend in daily time and increased the possibility of growth. For friends who are looking for mid-term and long-term investments in digital currencies, this currency can be a good option that has the possibility of growing up to 90% and also 300%. But such growth requires a little patience because we have to wait for the breaking of the important resistance range and the stabilization of this breaking in the daily time. The important range of resistance in the daily time for this currency is specified in this analysis. Also, in the time of 4 hours, a corner pattern is forming, which can cause the correction of this currency. In this analysis, we went into a lot of detail about the future and support and resistance for this currency
Long
by karaco2022