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Cardano / TetherUS PERPETUAL CONTRACT

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ADAUSDT.P trade ideas

ADA/USDT intraday analysisADA/USDT is currently showing a strong sell-off from the price point of 0.6055, accompanied by a significant volume area. This indicates a substantial accumulation of contracts. It's likely that sellers active in this area will defend their short positions. Should the price revisit this zone, we can expect these strong sellers to exert further downward pressure on the market. The combination of a downtrend and a strong volume area forms the primary basis for my short trading decision. Happy trading, Matty
Short
by mightymatty
Cardano ($ADA) Gains Momentum as Next Big ETF Candidate Cardano ( CRYPTOCAP:ADA ), the renowned blockchain platform, is gaining significant attention as a potential candidate for future exchange-traded funds (ETFs) in the U.S. With the cryptocurrency community actively discussing the approval of altcoin-based ETFs following the green light for Bitcoin ETFs, Cardano has emerged as a front-runner in this new wave of investment products. Cardano’s Stability Attracts ETF and Investor Focus With the introduction of ETFs, an institutional interest in cryptocurrencies is anticipated. Cardano, known for its unique technological approach and solid community support, is a promising option for these investors. A recent thread by a prominent Cardano blogger, @cardano_whale, addressed to his 143,300 followers, highlights the reasons for this growing interest. Cardano’s peer-reviewed, stable, and lightweight protocol, combined with a unique blend of UTXO and PoS in its consensus mechanism, sets it apart in distinctly solving the blockchain trilemma. The protocol’s resistance to centralization, evidenced by its inclusive and transparent ADA distribution, makes it an attractive option for investors wary of manipulation. Unlike many other cryptocurrencies, founding entities control only about 10% of the CRYPTOCAP:ADA supply. Moreover, Cardano’s staking design is touted as one of the most decentralized, with many validator nodes enhancing the network’s security against potential attacks. Cryptocurrency ETFs Pave Way for Broader Adoption Cardano’s appeal is not limited to its robust security and decentralized nature. The platform’s ongoing developments in scalability and functionality position it as a rapidly evolving and feature-rich blockchain. This evolution is crucial for supporting a diverse range of decentralized applications (dApps), a sector that has seen exponential growth. The adaptability of Cardano is further enhanced by its support for multiple programming languages, which broadens its appeal to a wider developer community. The recent onboarding of hundreds of native tokens and DeFi applications underscores the ecosystem’s dynamic nature. Combining these factors and programmable ADA scarcity cements Cardano’s status as a leading dApp ecosystem with solid organic growth. The conversation around Cardano ETFs is taking place against the backdrop of an evolving regulatory landscape for cryptocurrency investment products. The approval of Bitcoin ETFs in the U.S. has allowed other cryptocurrencies to follow suit. Industry experts, such as Valkyrie’s co-founder Steve McClurg, have expressed optimism about the potential approval of ETFs for other major cryptocurrencies like Ethereum ( CRYPTOCAP:ETH ) and XRP. Cardano is already making strides in this direction, backing the Swiss-registered 21Shares Cardano ETF and participating in the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio. The establishment of such ETFs could significantly enhance the accessibility and attractiveness of Cardano to a broader range of investors, particularly those from traditional finance sectors looking to diversify their portfolios with digital assets.
Long
by DEXWireNews
1
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). 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 $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
ADA Readying Itself for a Strong MoveThe Cardano price was able to break above a medium-term falling wedge that had formed on its charts over the past couple of weeks. This led to the altcoin overcoming the $0.5380 and the $0.5830 resistance levels. In the last 24 hours, however, ADA has fallen below the $0.5830 mark. This recent pullback has resulted in the formation of a symmetrical triangle pattern on ADA’s 4-hour chart. Should this pattern be validated, the Cardano price may soon enter into a strong move. If this move is towards the upside, the crypto may attempt to reclaim a position above $0.5830. A 4-hour candle close above this level could then lead to ADA rising to as high as $0.6510 in the following 48 hours. twitter.com Conversely, a negative breakout may lead to the Cardano price falling to the aforementioned $0.5380 support level. Continued sell pressure should ADA retest this level may force the crypto’s value all the way down to $0.4915. Technicals in Favor of Bulls The Moving Average Convergence Divergence (MACD) suggested that ADA’s bullish trend may be cooling off and that it could undergo a bearish reversal soon. This was evident by the MACD line closing in on the MACD Signal line. The Relative Strength Index (RSI), however, showed that bulls still had the majority of the strength on ADA’s 4-hour chart. Not only was the RSI positioned above its Simple Moving Average (SMA), the prior was also breaking away above the latter. This technical flag may be indicative of an uptick in bulls’ strength.
Long
by StevenWalgenbach
ADA Bullish Pennant, but does that matter?Bullish pennant on daily. You can clearly see the pole and the volume dropping, both indicating a valid bullish pennant. We would need to see volume surge and for it to break to the upside for validation. Here's the thing, It needs to break above the previous high of .68 cents and that's really the bottom line. Also needs to confirm above that resistance on re-test. Bullish pennants are unreliable with success at around 54% with limited upside if they do break positive, like 6-7% from what I've read. Really IMHO you should be looking at the price action resistance and making a new higher high before trading it. I would look for a bounce off of support in red above the .68 cents previous high. If it fails to do that or breaks down out of the triangle, it's invalid, which happens a lot and can signal a lower low below .54 cents.
by mapes2751
3
it's time to going down for ADAUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: here Target1: 0.5906 Target2: 0.5850 Target3(Final Target): 0.5731 Stoploss: 0.6078 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Short
by MakingMoney444
2
Cardano's Race to Breakout: Will the Turtle go 1-2-3 Fly ? 🐢🚀 Hello everyone! The crypto sphere is buzzing with the recent approval of the Bitcoin ETF, sparking a surge in altcoins. Among them, Cardano has been stealing the show. We've seen some successful entries with Cardano, including a notable one at $0.25. However, the critical level to watch now is $0.6863. Cardano must break this to signal a major breakout. This could be the third and pivotal attempt, following previous rejections in June and December 2022. If you are laughing at my ''1-2-3' better check some examples here (click on play) and here So, what's the probability of Cardano breaking higher? I estimate a 64% chance. But remember, there's still a 36% possibility of a rejection, and we must be prepared for that. No FOMO – we only make moves once it's over that crucial level. Delving into the Cardano vs. Solana debate, Cardano, with its Haskell programming base, is like the turtle in the ancient fable – slow but steady. In contrast, Solana is fast and furious, akin to the rabbit. But as the fable goes, it's often the turtle that wins the race. Cardano's emphasis on safety, while leading to slower developments, has its advantages. On the charts, we're seeing new support levels forming. After our successful entry yesterday, Cardano shows new support at $0.5925. Our target is to go long up to $0.6865 for the critical third test. Below this level, we have support at $0.58 and $0.52, but we're hoping not to see these levels tested. With the recent discussions about ETFs, attention has been mainly on Ethereum and Ripple. However, I anticipate a shift where Cardano could also enter the ETF conversation. Given its American roots and unique approach, it's plausible we might hear rumors of a Cardano ETF soon. This development could significantly impact its market performance, similar to Ethereum's recent rise. In conclusion, the chart is our guide. We buy over $0.6865, being aware of the 36% chance of rejection. Under this level, we remain cautious, ready to adjust our positions. Will Cardano, the turtle, prove its resilience and win this race? Let's watch and find out. One Love, The FXPROFESSOR 💙 Altcoins Surging After SEC Approval Are Cardano, Avalanche, and Others Spot ETFs Coming? Cardano: The Next Solana? Some Haskell criticism
Long
by FX_Professor
Cardano (ADA)There are very few coins in the market with limitless potential, and Cardano (ADA) stands out as one of them. I have spent a considerable amount of time studying this project, and I believe in its mathematical algorithms. It's a project set to compete with Ethereum, and it's already showcasing its strength. On the chart, we observe a corrective wave structure (abc), concluding a five-wave structure of wave (c). I foresee further growth, although this ascent is constrained as the final impulsive wave five may conclude at the global Fibonacci grid of 0.5.
Long
by MillenniumM
💎 ADA/USDT - First Long , Then SHORT ! But ? (READ THE CAPTION)By checking the Cardano chart in the weekly time frame (logarithmic), we see that the price fell after reaching the supply range of 0.67 and corrected to $0.46! If the price stabilizes below the supply range of $0.56 to $0.68, I will have a higher probability of falling from Cardano in the medium term! Only if the price breaks the $0.68 resistance and stabilizes above it, we can expect another Bull Run from Cardano! The efficiency of this cryptocurrency has been more than 150% so far ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
4
ADA/USDT 1D ChartPrice is declining below the pivot point. The cause behind the downtrend is that the price has been making lower highs and lower lows at the resistance line at $0.6267 and breached the pivot point. Price may consolidate after rebounding from the first support at $0.4809 and may rally again by forming a new demand zone at the support line. A bullish divergence is formed by the RSI and may help the price rally above the pivot point and continue to surge. Confirmation is needed above the pivot point
Long
by rayjcbassil
Cardano - ADAUSDT - 15x to 20x in the Upcoming Bull CycleGreetings, Cardano has been one of the strongest projects in cryptosphere with ADA performing tremendously in last two bull runs. - The top of last bull cycle was $3.03 which was 170x of the bottom. - The bottom of this cycle (~0.23) is more than 10x above the bottom of the previous cycle (~0.018). - Being realistic and reasonable human being, we do not expect that ADA will be 170x of this cycle's bottom ($38.72) nor will it be 10x of the previous cycle's top ($30.3) - But we do expect that it has the potential to reach somewhere around $7 to $10 per coin at the peak of the upcoming bull cycle. This will be about 30x to 40x of this cycle's bottom or 15x to 20x of current price levels. We expect these targets to be hit over the next 18 months In the shorter term (next two to 4 months) though, we are showing some key levels In case of a breakdown - Immediate support is around $0.45 - if that fails, next support is around $0.37 - if that fails, the strongest support will at $0.23 which we don't expect to fail In case of break out above, - The next resistance is around $0.67 - if we break above it with BTC ETF approval, $1.00 will be a strong resistence based on past history (zoom out) If the BTC ETF gets approved, all coins will have substantial gains but it will be followed by a retrace. For ADA, we expect that it will retrace in the 30 cents range probably around $0.37 prior to BTC halving before going up again and making new ATHs. Please SUBSCRIBE to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Long
by figuring_out_the_dream