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ADAUSDT trade ideas

Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart One question arises : - Did the ABC correction already end in April at $0.40 in 🟥the red scenario? - Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario? The critical level from below is $0.40 The critical level from above is $0.50 Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement. Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
Honestly, I don't feel like explaining, the chart says it all !!The price is at the bottom of the megaphone and at the same time it is in an ascending wedge, and after the wedge is broken, the price can grow well. Also, divergence in MACD makes this signal stronger. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1
ADA to $1.20I believe it's possible ADA has now bottomed, as we can see the bright green dot indicator on Vumanchu B has been a reliable indication of a bottom. Short term or long term bottom depending on the broader trend. Besides the obviously large dump, and also large deviation from many moving averages (not shown in chart) - combined with the fact that ADA is amongst the most shorted cryptocurrencies right now. I believe it's possible we will see another uptrend towards $1.20 the coming months, given that BTC also acts accordingly.
Long
by xprojoepzz
ADAUSDT.1DIn this technical analysis of the ADA/USDT daily chart, I'll delve into the current price trends, identify key technical levels, and analyze the implications of the observed indicators to project potential future price movements. Key Observations: Current Price and Movement: ADA/USDT is currently trading at $0.3876, marking an increase of 3.09% today. This movement indicates a positive sentiment in the short term. Support and Resistance Levels: R1 (Resistance Level 1): $0.3606 - This level has just been surpassed, suggesting it might now act as a support if ADA maintains above it. R2 (Resistance Level 2): $0.5263 - Represents the next significant resistance, a breach of which could confirm a bullish trend. S1 (Support Level 1): $0.2255 - This is a critical support level, providing a floor for the current price. S2 (Support Level 2): Not specifically marked but would be relevant if S1 fails to hold. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating a bullish momentum, though the proximity of the lines suggests caution as momentum is not strongly bullish. RSI (Relative Strength Index): At 37.52, the RSI is approaching the lower bound of the neutral zone, indicating that ADA is neither overbought nor oversold but is moving towards potentially being undervalued. Analysis and Conclusion: The recent price increase in ADA/USDT, alongside the MACD positioning above the signal line, points towards a growing bullish sentiment. Having surpassed R1 at $0.3606, maintaining this level will be crucial for ADA to attempt a rally towards the higher resistance at R2 ($0.5263). The slight rise in RSI also supports the possibility of further upward movement, provided that ADA remains stable or grows in buying volume. Investors and traders should watch how ADA behaves around the newly established support at R1. A failure to hold above this level could see ADA retracing towards S1 at $0.2255, especially if broader market conditions turn unfavorable. Conversely, sustained positive momentum could see ADA targeting R2 in the upcoming sessions. In summary, ADA/USDT shows signs of recovery and bullish potential, with critical watch points at R1 for potential support and R2 for resistance. As always, traders should employ prudent risk management strategies, keeping an eye on broader market trends and news that could impact the cryptocurrency's price dynamics.
Long
by MarsSignals
✴️ Cardano (ADA) Lower Low 25-50% Drop Before Bullish WaveWe have an interesting situation with Cardano, one of the pairs that we've been trading for many years (ADAUSDT). Have you been trading ADA for a long time as well? See this bearish harmonic pattern: This is a common pattern and easy to spot and it is also quite accurate, it tends to be successful most of the time. The interesting situation here is that we have two main levels: ➖ One is equal to a 25% drop and the other one a 50% drop. I would love to say that the first level would be the correction low based on a long-term bullish bias for the entire market and, hope, but, that is not what I am saying. 👉 Going through past experiences, it always end up being the worst possible when it comes to these Crypto pairs. Meaning, we have to prepare for the lower level to be tested before the major bullish wave. Both levels can be easily spotted on the chart. ➖ One can profit from the down-wave through a SHORT. ➖ Or one can wait for a support level to be established and once this happens buy and hold spot, or go LONG. ➖ We can also do both but this requires a huge amount of patience, focus and mind control. Can you do it? Daily trading volume, bear or bull, has been decreasing since early December 2023; more than five months, as prices move lower and lower but still a lower low is likely on the way. Thank you for reading. You can show your support, if you want to see more trade ideas, by boosting and leaving a comment. You are appreciated... Now & Always. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
5
ADA Swing long idea The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as technical confluence, reinforces confidence in the long bias. In navigating the upward trajectory, traders should identify and monitor key horizontal levels, which may serve as profit-taking opportunities. Concurrently, the implementation of risk management is imperative to mitigate downside exposure.
Long
by DepecheGST