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Cardano ADA Will Outperform Cryptocurrency MarketHello, Skyrexians! Yesterday we considered the Bitcoin analysis where concluded that the potential growth is not going to be insane, bull market will be finished soon. At the same time on the BINANCE:ADAUSDT weekly chart we can see that price is charged for the flight. Let's notice, that Cardano has the specific bear market structure, where the corrective wave C has been finished in October 2023. Growth from the bottom was impulsive, so it could not be the wave B, in our opinion it's wave 1 of the new bull market. Since March 2024 most of crypto assets continued the bear market, but drop on ADA was not so big. It means that wave 2 has been formed already. Look at the green dot on the Bullish/Bearish Reversal Bars Indicator . This is strong bullish signal that this correction is likely to be finished, in conjunction with Elliott waves analysis we can see that the impulsive wave 3 is about to happen soon! Targets can be calculated using Fibonacci Extension. 1.61 and 2.61 corresponds to the area between $1.2 and $1.77. Note that this zone is not likely going to be the end of bull run. This is just wave 3 in this rally. Finally, we expect the new ATH for ADA in 2025. Best regards, Skyrexio Team
Long
by Skyrexio
6
#ADA Breaks Through Key Resistance: Is a Major Rally Ahead?Yello, Paradisers! Could this be the moment #Cardano finally takes off, or are we facing another potential setback? Let's discuss the latest #ADA analysis: 💎After breaking through the descending resistance of its falling wedge pattern, #ADAUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move. 💎Currently, #Cardano is approaching the demand zone around $0.313, a vital support level that could spark a new leg up. If CRYPTOCAP:ADA rallies from here and breaks the $0.417 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets. 💎If CRYPTOCAP:ADA fails to hold this demand zone, it could slip down to test the critical support between $0.274-$0.290. This range, aligning with a previous low, acts as a crucial price floor. For the bullish outlook to stay intact, CRYPTOCAP:ADA must reclaim the $0.313 level with strength. Any sustained move below this level could indicate a breakdown. 💎On the other hand, if a daily close occurs under the $0.274 support, the bullish case would be invalidated, putting CRYPTOCAP:ADA at risk of setting a new lower low. Such a scenario would significantly increase the likelihood of further declines. Always aim for precision and keep a close eye on the critical zones to maximize your trading edge. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
ADA/USDT : More Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Cardano chart in the daily (logarithmic) timeframe, we can see that the price is currently trading around the $0.35 range. If it can stabilize above this key level, we can expect further upward movement. The next targets for ADA are $0.3780, $0.415, and $0.4570. 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
Long
by ArmanShabanTrading
10
ADA, Cardano, 0.5 Fib retrace sets up a 27x Algo targetCan you feel that? the weight has been lifted... With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this. Key Points: The 2020 bull market fully retraced to 0.5 fib A retrace to only 0.5 fib suggests Cardano is very strong 0.5 tested multiple times with a higher low now in Trump won the election - very bullish for crypto The Trade: Entry: anywhere here. this is a monthly chart. Think bigger picture. Buy and hold. Algo Target: $10.33 (27x) Stops: if something weird happens and this starts selling off, I'd be out under that previous low. Range Expansion Target: $38.60 (100x) - less likely but who knows, might be worth keeping a small moon bag. We won't talk about the Elliot wave targets... too high, too much hopium D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
Bullish Reversal for ADA? Key Levels to Watch The ADA/USDT is approaching key levels that may determine its next move. The support level at 2800 is critical for maintaining a bullish outlook; as long as the price holds above it, the bullish trend is likely to continue. The main resistance level to watch is 4100—a breakout above this point could open the path to the next target at 8100, aligning with previous highs. If the 2800 support fails, the price could experience a deeper correction, offering potential accumulation zones at lower levels. Currently, momentum is building, suggesting a possible bullish reversal if key levels hold. Conclusion: ADA is showing promising signs for a bullish breakout, but support at 2800 remains crucial. A breakdown could indicate a return to bearish territory. 👨🏻‍💻💭 Think ADA has what it takes to break resistance? Share your thoughts below! _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
Cardano most passive scenario when Crypto/BTC pops Here a lidle Fib/Waveanalysis of Cardano aka ADA. Just dont forget to mention that this is the most passive wave target with the assumption that we in thie case allready bottomed in WAVE2 Correction, waiting for impulsive start into Wave 3. Wave 3 to 5 are more or less assumptions that only work out when my theory of done wave 1 and 2 has been done allready and validated by a impulsive wave 3. Facts that we can mention is, that after last bullrun WAVE1 is perfectly arrived in Fib range 88.6 to 78.6 thats a detail that makes me really safe about that whole structure i drawed in that chart. At the end i will update Target when we drag a bit from actual price to 0.23$ and my thesis still would be valid. !!! If we go lower then the 0.23$ then my thesis would be invalidate and we are still in correction of the last bullrun. !!! Target of Wafe 5 is when everything runs minmimalistic with elliotwave targets is around 1.19$ Stay tuned folks
Long
by RairyHectum
ADAUSDT LONG TIME SUPPORT HOLDING? Hello, dear HODLers! This is ADAUSDT on the weekly timeframe. The black line has been a significant level since October 2022, shifting between support and resistance for over two years. In 2024, it began acting as support starting in the first week of July. Since then, the wicks below this level have started getting shorter, suggesting that selling pressure might be weakening. This level could mark the beginning of the next bull run. If we see another dip that holds with an even shorter wick, I would consider it a confirmation. Stay safe, and feel free to leave any comments or questions. Thanks for reading!
Long
by vagada
ADA → Bullish Pressure !!!ADA is forming a Triangle on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.41 Stay tuned for more updates, thanks. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
ADA USDT thesis with RAG AI by Titan_KarmaIntraday Scalping Strategy Analysis for Cardano (ADA): Evaluating Long Positions Amid Current Market Conditions Abstract: This thesis examines the viability of initiating a long position in Cardano (ADA) based on current market conditions, using an intraday scalping strategy. The analysis leverages a combination of technical indicators, real-time data, and sentiment analysis to identify optimal entry points and manage risk effectively. The findings are grounded in a comprehensive evaluation of the market's bullish momentum, positive sentiment, and recent trading patterns, with an 85% confidence level supporting the trade recommendation to initiate a LONG position. 1. Introduction This thesis aims to explore the application of intraday scalping strategies to ADA, specifically under current bullish market conditions. With Cardano's price reaching $0.4406 and a significant surge in trading volume (266.96 million), there are indications of continued upward momentum. However, caution is warranted due to overbought technical indicators. This study identifies strategic entry and exit points to optimize returns while minimizing risk. 2. Background on Cardano (ADA) and Scalping Strategy Cardano Overview: A brief overview of Cardano, its role in the blockchain ecosystem, and the factors driving its adoption. Intraday Scalping Strategy: Definition and explanation of scalping, a high-frequency trading strategy that involves capitalizing on small price movements throughout the day. This strategy is particularly effective in moderately volatile markets like ADA. 3. Data Sources and Market Analysis Coinglass Data: Open interest remains healthy, with a favorable funding rate indicating market participants are predominantly taking long positions. The absence of significant liquidations suggests a stable trading environment. Binance Order Book Analysis: The presence of substantial buy walls at $0.4350 suggests strong support, which could act as a buffer if a retracement occurs. The moderate volatility index indicates a conducive environment for scalping. CoinMarketCap Metrics: A robust liquidity score and stable market cap reflect sustained investor interest, with candlestick patterns pointing toward a bullish continuation. Sentiment Analysis (Augmento and CryptoCompare): Predominantly positive sentiment among traders, driven by recent whale activity and institutional interest, reinforces confidence in ADA's short-term bullish outlook. 4. Technical Analysis of Current Market Conditions Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. Historically, this level suggests a potential for short-term pullbacks. Stochastic Oscillator: High Stochastic readings align with overbought conditions, advising caution for new entries until a retracement is observed. Bollinger Bands and Moving Averages: The price is near the upper Bollinger Band, suggesting potential resistance, while the price remains above the 50-period moving average, indicating bullish momentum. MACD: A recent bullish crossover on the MACD supports the continuation of an upward trend, aligning with the current market sentiment. 5. Trade Recommendation and Strategy Position: Open a LONG position if the price retraces to the support level of $0.4350. Entry Criteria: Timeframe: 15-minute intervals to capitalize on intraday movements. Indicators: RSI above 50, MACD bullish crossover, price near the middle Bollinger Band, and moderate volatility. Stochastic Oscillator: Monitoring overbought conditions to identify optimal entry points after a pullback. Exit Strategy: Take Profit: Target set at $0.4500 to align with the next resistance level. Stop-Loss: Set at $0.4300 to mitigate downside risk. Exit Point: Recommended exit around $0.4450 to secure gains while avoiding potential pullbacks. Confidence Level: 85% 6. Risk Management and Market Dynamics Support and Resistance Levels: The $0.4350 level serves as a key support zone. A break below this level could signal a shift in sentiment and invalidate the long trade setup. Volatility and Market Sentiment: Given moderate volatility and high bullish sentiment, traders should remain agile, adapting quickly to changing conditions. Overbought indicators suggest monitoring for potential pullbacks before entering new positions. Correlation with Broader Market Trends: ADA’s price movement remains correlated with Bitcoin (BTC), which also shows bullish signals. Any significant shifts in BTC’s performance could impact ADA’s trajectory. 7. Conclusion The current technical and sentiment indicators provide a favorable setup for initiating a long position in Cardano (ADA). However, the overbought conditions identified by RSI and Stochastic indicators warrant caution. The recommendation is to wait for a retracement to the support level of $0.4350 before entering a long position. The exit strategy, stop-loss settings, and profit targets are designed to optimize returns while managing risk effectively. 8. Future Research Further research could explore the impact of macroeconomic factors on ADA’s price, the influence of whale activity on market sentiment, and a comparative analysis of ADA’s performance relative to other Layer-1 blockchain projects. Additionally, studying the correlation between ADA’s market movements and those of Bitcoin could yield insights for improved predictive models. This thesis provides a comprehensive analysis tailored for traders leveraging intraday scalping strategies, focusing on optimizing entry and exit points in a moderately bullish market environment.
Long
by titankarma
1
Cardano (ADA): Looking For Another Fill of CMECardano has nicely filled the previous CME, which we caught in a 1-hour timeframe. Now we are looking again at the ADA coin, where we see another CME has formed. With that being said, we are looking for this CME to be filled one way or another. Ideally we should see a claim of the upper FVG zone, from where we should see the dominance of sellers and a further movement to the lower zones, but if we fail to break from 200EMA, we will see an early claim of CME! Swallow Team
by SwallowPremium
2
ADA updatehello to everybody and hope you are doing well. today we have a potential short setup for ADA and new analysis. as you guys can see and shown in the chart the bias(the higher time frame order flow) is bearish and after days of ranging and pulling back that M15 and bias finally realigned and this means that the price is finally pulled back and is ready to take us lower potentially. the M15 trend that you see is in a 4H supply right now and the red and green marks are the swing points that I marked for a better view of the market structure. after tapping into the 4H supply the market slightly taped into it and it means it can potentially go back to it one more time first to sweep it and second to gather more orders at least in the 50% of the zone. in the big picture, there were lots of high liquidity pools that the price swept on its way to this 4H supply. so after mitigation and breaking the structure of M15, it was confirmed for me that the price is about to make its move and I opened a short position targeting the lows on the downside and stop loss slightly above the strong high. so this is a very high-quality trade and hopefully, the price tags us in and potentially see a sell-off to the downside . remember to manage your risk and avoid over-leveraging. thank you for reading and bb.
Short
by IEatGreenPaper
Technical Analysis of ADA/USDTIntroduction In this blog post, we will analyze the trading chart of ADA/USDT to identify potential buying or selling opportunities. Technical analysis is a crucial tool for traders, helping to predict future price movements based on historical data and market patterns. Chart Analysis Trendlines The chart shows two primary trendlines: A descending trendline starting from the peak in April and extending to the current date, indicating a long-term downtrend. An ascending trendline starting from the low in June and extending to the current date, indicating a short-term uptrend. These trendlines form a symmetrical triangle pattern, suggesting a potential breakout or breakdown in the near future. Support and Resistance Levels Immediate Support: $0.3200, aligning with the lower boundary of the ascending trendline. Secondary Support: $0.3000, a psychological level and previous support zone. Strong Support: $0.2800, corresponding with a significant historical support zone. Immediate Resistance: $0.3600, the upper boundary of the current consolidation range. Secondary Resistance: $0.4000, near previous highs and a potential breakout target. Strong Resistance: $0.4400, a major psychological level and potential profit-taking zone. Anomalies and Divergences Volume Analysis: The volume bars show a significant spike in July, indicating strong buying interest at that time. However, the volume has been relatively low since then, suggesting a lack of strong conviction in the current price movements. Potential Breakout/Breakdown Points: The intersection of the descending and ascending trendlines suggests a potential breakout above $0.3600 or a breakdown below $0.3200. Risk and Reward Scenarios Bullish Scenario Entry Point: On a breakout above $0.3600 with strong volume. Stop Loss: $0.3400, just below recent support to limit downside risk. Profit Target: $0.4000, aligning with the next major resistance. Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.04. Bearish Scenario Entry Point: On a breakdown below $0.3200 with increased volume. Stop Loss: $0.3400, to protect against a false breakdown. Profit Target: $0.3000, the next support level. Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.02. Conclusion The analysis of ADA/USDT reveals several key points for traders to consider. The identified trendlines, support, and resistance levels provide a framework for setting entry and exit points. The anomalies and divergences highlight potential risks and opportunities. By understanding these elements, traders can make more informed decisions and optimize their trading strategies.
by stocktechbot
Cardano: How To Approach This Pair? What To Do Now?Cardano is not in the same situation as many of the Crypto-giants, we can clearly see that it is already trading at bottom prices compared to the others, so, how do I approach this pair? Is it too late to sell? Should I just hold? Here is the thing, Cardano is not trading at the same levels at which it traded back in February or March 2024 like Bitcoin or Binance Coin, instead, it is consolidating at the same November 2023 level. The early August 2024 drop wick activated the same prices at which ADAUSDT traded in August, June and July 2023, only the September and October 2023 support levels remain untested. The question to answer is how to approach this pair. The drop is already quite advanced and we can say that 80 to 90% of the correction is already over for this pair. For a really big holder, selling here can be risky. A really big holder would be wiser to enter the accumulation mindset. A new drop on Bitcoin and a major marketwide flush would still push Cardano lower, but this wouldn't be a super strong drop and it would be a super quick drop lasting only a few days or maximum a few weeks, then we would see a long-term recovery. (Even though a wick can pierce the last major low, but this wouldn't change the bigger picture.) So I wouldn't recommend selling here because I already recommended selling, many times, around March 2024. Prices are already pretty low for ADA, we are already in the accumulation zone. For this pair, we would buy always focusing on the long-term. Buy now and hold. If it drops, buy more. Then buy, buy, buy, buy, wait, buy, wait, until the next bull-market enters in full swing. If you didn't sell, I would say it is too late. But a short-term trader can do some risky moves here but there are other pairs in a better situation for a SHORT trade. My map says another drop. Slow recovery action between November-December-January-February and maximum bullish speed in March 2025. So we still have plenty of time. If you held this long, waiting a few more months won't make much of a difference. If you have to buy, you can wait a bit longer and better price might be present in a matter of days. So either bear or bulls are recommended to wait. ➖ Short-term action calls for more consolidation with bearish tendencies. ➖ Mid-term and long-term action calls for sustained growth. Namaste.
by AlanSantana
8