Cardano(ADA): Fakout Has HappenedCardano has made a nice fakeout where the price got rejected near 100EAM.
We are seeing a good chance of upward movement here toward the upper resistance zone, so let's see.
Swallow Team
ADAUSDT.PS trade ideas
LONG ADAUSDTAfter all the support and rising trends and targets that the rest of the currencies hit, now it's Cardano's turn, and I think it will move up like you can see in the picture.
Let's see what happens
What do you think?
Anyway the wind blows... :)
ADA/USDT 1W chartbreakout.................................
support $ 0.234
TARGETS ARE GIVEN IN THE CHART
A potential head and shoulders arrangement on CardanoThe formation of the formation will be confirmed by a decline confirmed by a large trading volume. The minimum range of decline, measuring the height of the formation from the neck line down, is ~ 0.35. However, it should be remembered that such a movement may occur in an interval of 4 hours or 1 day - so the movement may last a week and a long time...
In this situation, breaking the local downtrend line may result in a break of the formation and three ranges of an upward movement.
Ada long for scalpDear Ada, after breaking the static zone and breaking the ascending triangle, it is suitable for longing, it is possible to return to the level and make a pullback lower
ADAUSDTAccording to the waves analysis we can expect that price rise again to the green zone. follow me for more ideas
ADA, WHICH FLOOR WILL BE PROCEEDING NEXT ?Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ADA, WHICH FLOOR WILL BE PROCEEDING NEXT?
👉As we can see price is moving and taking into consideration our (floors/rejection zones), where the price is quite respecting these zones.
👉Meanwhile, price is sitting around our floor (2) right now, then for the price to reject our zone, we need a break above the marked zone on H1 time frame, then a movement higher would be expected.
👉Unless price managed to break below our floor (2) on H4 time frame, then a movement lower would be expected to the next floor (1).
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Wave structure of ADA coin at 4-hour time frame4H is swing bullish => current is pullback dow
M15 is swing bearish => Currently giving a bullish CHOCH signal but we need a confirmation candle
We will buy when there is a confirmation signal for CHOCH in the 15 minute time frame
Cardano, mid term tradingHappy Sunday everyone,
this analysis is a medium term analysis, which closes the position in the next two or three months.
In this analysis, I used a daily time frame, because if I used 4 hours, it wouldn't fit on 1 chart.
Cardano has touched channel up support that was formed since early November last year, and this pattern is still very strong and persists to this day.
We can take bullish steps now around the 0.5878 level, or wait to touch support again at the 0.5692 level, by pursuing the 52% profit projection at the up resistance channel at the 0.8710 level as profit target.
However, this time I recommend using a small margin, because it is not only the up channel that is formed, but also the head and shoulders pattern.
and if the up channel pattern breaks down, then what will happen is that bears will pursue the target of 0.3411 with a decline of -40%
My money management is simple in this trading,
I use 1% of equity without a stop loss and if the price falls to 0.3411, I make a buyback (martingale) with a volume of 2% or 3% of equity.
Hopefully this analysis is useful,
Don't forget to support and share this analysis.
Happy trading
Cardano Tumbles 10% Friday As Grayscale Dumps Its HoldingsCardano ( CRYPTOCAP:ADA ), a cryptocurrency, experienced a 10% decline in value over the week. This was due to Grayscale Fund's announcement that it would be removing the token from its portfolio. The decision has raised concerns among analysts that Cardano ( CRYPTOCAP:ADA ) may face further price consolidation or a drop in value.
Grayscale Digital Large Cap Fund manages $579 million in assets and previously had 1.62% of its portfolio, worth $9.4 million, invested in Cardano ( CRYPTOCAP:ADA ). However, the fund liquidated all of its CRYPTOCAP:ADA holdings and invested in Avalanche instead.
Cardano ( CRYPTOCAP:ADA ) may face a price consolidation or an impending drop following a lull in activity. Despite a 12% price drop, 48% of Cardano ( CRYPTOCAP:ADA ) holders remain profitable, while 49% are currently out of profit. The token has a Relative Strength Index (RSI) of 40.19 indicating a weak buying momentum.
Essential Cardano's weekly development report highlights a significant milestone for the project, having completed 88.6 million transactions. The report also mentions 164 launched projects, 1,353 projects under development, and over 9.86 million native tokens.
ADAUSDT SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
ADA Price AnalysisADA, is currently trading within a range of prices, specifically between 0.5588 and 0.5988. There are two scenarios to consider:
If ADA maintains its price above a certain level, marked in green, and then breaks above another specific price point at 0.5934, we might see a significant upward movement of about 24%. The target price for this potential move is 0.7414. In this case, we might consider entering the market after ADA surpasses the 0.5934 level. To manage risk, they could set a stop-loss order below the green zone.
Alternatively, if ADA's price drops below the green zone, particularly at 0.5695, the next target price would be around 0.4620. This lower price level could present another opportunity for us to enter the market.
ADA +70% LONG OPPORTUNITY | CONFIRMED BREAKOUT +$1 SOONCRYPTOCAP:ADA has formed a year-long cup and handle pattern. Traditionally, this pattern is a bullish indicator of continued upward movement. The cup and handle have played out perfectly, and we have broken out of the resistance at ~0.68. This move confirms our pattern and makes this a well calculated long entry position.
I expect a 70% increase in the price of CRYPTOCAP:ADA in the short term, which would put the price above $1 (~$1.15). This is potentially a great entry to a long or large spot position before a swift upward movement.
The altcoin market cap, including ETH ( CRYPTOCAP:TOTAL2 ), is already front-running the altcoin market cap, excluding ETH ( CRYPTOCAP:TOTAL3 ). This is another bullish indicator that the alt coin market may be ready for another leg up, helping out patterns play out.
I personally added to a spot position here, but I think its a great long entry as well if you have more powder.
DYOR and bring home those gains.
ADA approaching massive resistance zone!ADA is approaching a significant resistance zone. If it can break through, a move to $1.15 is expected! If you're currently looking to trade ADA, here's a quick setup that you might find helpful!
The idea is to buy when the price breaks above 0.91$ and take profits at the levels shown in the chart.
Targets:
1. 1$
2. 1.15$
-------------------------------------------
About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
new scenarios for Cardano Only two options for going up 1st now goes to 0.75 or with one decrease goes up to 0.85.
ADA/USDT should price respect key support? 👀🚀Cardano💎 Greetings, paradisers, #ADAUSDT currently, it is meticulously maintaining momentum at a critical support level of $0.5596. This level holds immense significance, and its ability to transition from a mere retest to a robust support could be the harbinger of a potential bullish surge.
💎 Despite failing to break the previous high, short-term bearish sentiments persist for #ADA. However, there’s hope on the horizon. As of now, the price approaches the key support level at $0.5596. If it maintains this momentum, we may witness a delightful bullish reversal—a phoenix rising from the ashes.
💎 But remember, my friends, markets are fickle. Should $CARDANO dip below this pivotal zone, our strategy must adapt. Brace yourselves! We anticipate a bullish rebound from the secondary support level at $0.5024. Failing to reclaim ground here could spell further declines. So, stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision
ADA's bull run has begunCardano has completed a large symmetric weekly.
The movement after this pattern was important for us, with this sharp movement it was confirmed that we are not facing an X wave, but a large bullish branch is forming.
After hitting the supply area and correction for several weeks, we expect a strong bull run from Cardano above ATH!
📈ADA: Potential Short Opportunity on 4-Hour Timeframe✂️🔍Today, let's analyze Cardano (ADA) on the 4-hour timeframe. After encountering rejection twice at $0.7971, the price experienced a downward leg, retracing to the 0.5 Fibonacci level of the previous wave before resuming its descent to the 0.618 Fibonacci extension, where it currently consolidates.
📉This level coincides with support at $0.5633, and a breakout below it could signal further downward movement, with targets at the 0.786 Fibonacci level and subsequently at the 1 Fibonacci extension.
⚡️The SMA25 indicator has converged with the price, potentially exerting downward pressure. Failure of SMA25 to push the price lower could indicate a ranging market.
📊Candle volume has been range-bound since reaching $0.5633, indicating ongoing buyer presence and a lack of significant selling pressure.
📈For long positions, entry above $0.5886 could be considered, although it carries inherent risks.
📝Overall, Cardano presents a potential short opportunity, contingent upon a breakdown below $0.5633, with various technical indicators suggesting downward momentum.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
ADA/USDT 4hInterval Chart ReviewHello everyone, let's take a look at the 4H ADA to USDT chart as we can see that the price has broken out of the pattern trendline and is struggling to stay just below it.
Let's start by setting goals for the near future that we can include:
T1 = $0.69
T2 = $0.78
AND
T3 = $0.93
Now let's move on to the stop-loss in case of further market declines:
SL1 = $0.57
SL2 = $0.52
AND
SL3 = $0.43
Looking at the RSI indicator, it looks like an upward break from the local downward trend line, while the STOCH indicator has room for further decline, which creates more and more room for a potential rebound.
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.
