ADA USDTADA is a breakout from the descending trend line. All the levels are marked on the chart take your entries accordingly
ADAUSDT.P trade ideas
ADA 1H - 4H Area to watchADA 1H - 4H Area to watch
Possible pullback in this area to 0.33 - 0.36 to gain momentum and definitively break the current bearish channel that has been marking the evolution of the price since May 20.
As always in these cases, we have to analyze what the price does. If it breaks upwards we will position ourselves bullish, but if it breaks downwards, we can buy ADA at the support of the triangulation waiting for an impulse that breaks the resistance. In case of losing the base of the triangulation, we will be out of the value waiting for new signals.
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ADA historical comparisonIf this is the truth, today's abc pump was poorer and bear c is coming.
September can be painful.
Only a historical comparison and the possibility of bearish market psychology. Can be wrong
MD
Adausdt trading opportunityADAUSDT corrective phase persists, with the price having recently emerged from a falling wedge pattern. Subsequent to this breakout, the price has entered a phase of consolidation.
It is anticipated that there will be a retest of the designated BUY BACK ZONE. Achieving this zone sets the stage for the price to ascend and challenge the established strong supply zone.
Vigilance is advised regarding the primary trendline depicted on the chart, as a price descent through this trendline could trigger a shift towards the critical demand zone.
Further updates will be disseminated as the price action unfolds.
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ADA/USDT Price PredictionTrend Prediction - ADA/USDT Forecasting
Resistance and Support Lines
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Target 0.43Following daily and weekly chart and got a long signal.
TP1 0.367
TP2 0.43
SL Stop under 0.33 candle close
!!! Cardano New Update !!!Here is new update on my favorite ( Cardano ). The structure and the market condition illustrates a bullish move for the whole market, especially Cardano that had a massive correction.
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Weekly Chart:
ADAUSDTRisky short since Crypto is pumping
Bearish pattern breakout
Retest on major resistance
Rejection on resistance
Still on bearish Zone
ADAUSDT - Long TradeOn Monday (manipulation day) price swept previous week low (PWL) with a great sign of strength - market structure break (MSB).
As a target, I prefer the opposite liquidity pool (equal highs) to the previous week high (PWH).
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Inverse Head and Shoulders ?The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a similar height. If ADA/USDT forms this pattern, a breakout above the neckline—drawn through the peaks of the two shoulders—would increase the probability of a bullish move. Traders often wait for a confirmed breakout with significant volume to gauge the strength of the reversal, with the pattern's target price typically being the distance from the head to the neckline projected upwards from the breakout point. However, external market factors and overall cryptocurrency sentiment should also be considered before concluding the likelihood of a strong upward move.
ADA BEARISH PATTERN Hi dear traders
ADA has formed bearish pattern.
If pattern confirmed, we expect to reach the specified targets.
Let's see what happens
This is not financial advice ( DYOR )
Good luck 👍
Short / Sell ADAUSDTPossible Entry: 0.3397-0.3344
TP1: 0.3277
TP2: 0.3210-0.3076
SL: 0.3478
i always move SL to BE after profit more than 20%-50%
Chart pattern look nice for me, possible up to 0.3397, then continue to fall, overall look bearish for me
Could Cardano price go to USDT1.9840 in 2024?Current Cardano or ADA price is USDT0.6813 as per 29 Feb 2024. Currently the price of all Cryptocurrency is going up due to the approval of Bitcoin spot ETF in the US and the anticipation rally of the Bitcoin Halving in some time around April 2024. These are the current strong tailwind driving the Cryptocurrency market higher before the Bitcoin Halving.
If there is no Strong Headwind coming into play on the FED's FOMC in 20th March 2024 and all the FOMC meeting this year. Then there could be a most likely case for a Bitcoin Halving rally this year. If FED's FOMC decision to cut rate remain as per the January 2024 meeting with 2 to 3 rate cut this year around 50 basis to 75 basis point. Then FED will decision on FOMC will not be a strong headwind.
However, there might be others coming event will be a strong headwind for cryptocurrency market example like more wars in the world or geopolitical tension involving the USA. The potential mild recession in the USA (not very likely due to current Data in Jan 2024).
I am waiting for a bad PCE number today for this price of Cardano to drop to around USDT 0.5711. The price might also go lower to USDT 0.4584 if the Feb 2024 CPI, PPI and PCE numbers are hotter than expected. There might be potential some pull back even when the Fed's FOMC direction remain unchanged of 2 to 3 rate cuts. A dip.
This year peak could be at USDT1.9840 if not strong headwind appears in Q1, Q2 or Q3 but appears in Q4. If no strong headwind appears the price could even breach the previous record high at USD3.10 (roughly around there).
Trader should by the dip for Cardano from March 01, 2024 to March 20, 2024. If no bad PCE news then just buy now and keep the token for Bitcoin Halving rally.
ada bullish ideabottom hit accumulation done then breakout happened now retesting the accum range .
if alt rally happens conservative target is on the chart
ADA - It will happen, but not yetADA is not ready for lift up but it should happen starting 2025. However, 0.22 should not be broken under any circumstances, otherwise ADA could visit 61.8% at 0.13. The structure looks good for a rounded bottom with the tipically Mount Everest in the middle.
ADAUSDT.1DExamining the daily chart for ADA/USDT, it’s apparent that Cardano has undergone a period of considerable decline followed by stabilization. The chart reveals a clear descending trendline, with price peaks progressively lowering, indicative of a strong bearish trend.
The price currently hovers near $0.3530, with evident support around the $0.2786 level, marked as S1. This support is critical as it has previously prevented further declines. The resistance levels are defined, with the primary resistance R1 at $0.4634. The price action around these levels suggests consolidation with a potential for either an upward breakout or further downside if the support fails.
The Moving Average Convergence Divergence (MACD) shows the MACD line below the signal line and close to crossing back, which can often suggest a potential shift in momentum. However, the negative values imply bearish pressure remains. The Relative Strength Index (RSI) is around 45, indicating neither overbought nor oversold conditions, suggesting a lack of strong momentum to drive price significantly in either direction.
In summary, ADA/USDT is in a critical phase, consolidating within a bearish trend. A decisive movement beyond the established resistance at $0.4634 could signal a reversal and potential bullish upturn, while a break below the support at $0.2786 may extend the bearish trend. Given the current market conditions, my strategy would involve closely monitoring these levels for signs of a breakout or breakdown, allowing for tactical entries based on confirmed movements beyond these key thresholds.
ADA Ending DiagonalADA Ending Diagonal
Back to the drawing board with ADA, since the downtrend simply doesn't give up.
I'm considering that we are in an ending diagonal, which would take us to another lower low beyond green wave III (at 0.2756).
The lack of RSI divergence of wave III supports this view.
ADA: The Rally Awaits!Hello traders, I hope you're all doing well.
Here's a technical analysis of Cardano (ADA) on the weekly timeframe.
ADA is currently forming a symmetrical triangle pattern and is holding the support trendline at $0.28. It must maintain this support and break above the resistance trendline. If it fails, the price could drop as low as $0.087.
In the long term, ADA aims to reach its all-time high of $3.1 again, which would represent a 10x gain from the current market price.
I hope this analysis helps. Please remember to conduct your own research before investing.
Regards,
Team Dexter.
ADAUSDT Buy We have buy setup on ADA H1 chart. After the impulsive uptrend we see a little correction and bullish FVG. Risk reward 1:3
Ada is over priceUsa PPI is more than cons... so... baer is coming back
In rsi ada is over price
Many green candles need big red candle😇😇
Potential Cardano Short Trade Cardano is currently in a descending wedge on the daily timeframe. This zone has had nice tight, and compact movement. (respecting the trend, and reacting accordingly)
The pattern is bullish, but the price action has been bearish. While everyone has turned bullish, it feels prime for a great opportunity to go short.
I would like to see a drop back to the lower support for a decent short trade.
(This is just an idea, and not financial advise.)
Lingrid | ADAUSDT short from the RESISTANCE zoneOverall, BINANCE:ADAUSDT appears bearish on the daily timeframe. However, it seems to be in a consolidation phase as the entire crypto market moves sideways. The price has established a range below the 0.35 resistance level, and I believe it may decline to retest the support areas. Additionally, the formation of a doji candle on the daily chart indicates a pause in the upward movement, despite the prevailing bearish trend. I expect the price to drop and enter a consolidation zone between 0.30 and 0.34, as the market seeks to find its footing. My target is support level at 0.3250
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
