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ADAUSDT trade ideas

ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Long
by altFINS
ADAUSDT.1DThe daily chart for Cardano (ADA/USDT) displays a fluctuating price movement with critical levels outlined. Currently, ADA is trading at $0.4662, having faced significant resistance at the $0.5263 mark (R1). The next major resistance level (R2) is situated at $0.6852, which marks the upper range of the price movement in this period. The support structure includes a primary support level (S1) at $0.3606, with a further support (S2) at $0.2255. Observing ADA's price behavior around these levels could offer valuable insights into potential reactions in future sessions. The RSI indicates a value of 41.63, suggesting a slight bearish bias as it is below the midpoint of 50. This could signify that there might be more room for downward movement unless a reversal signal appears. The MACD is close to the signal line, hovering just below it, indicating a lack of strong momentum but a possible preparation for a direction change if it crosses above the signal line. For trading, watching ADA's interaction with these key support and resistance levels will be crucial: A recovery and sustained movement above R1 could indicate bullish potential, possibly aiming for R2. Continued pressure and a break below S1 could warn of a move towards S2, indicating stronger bearish momentum. Traders might consider entry points for buys near support levels with a tight stop loss if reversal signs appear. Conversely, a break below support might be used as a trigger for short positions, aiming for lower targets while monitoring for any potential reversal signs that could invalidate the bearish outlook.
Long
by MarsSignals
ADA ready for bull run?We have 2 Cardano charts: ADA in 2020 and now. We have very similar formations. The first serious rebound from the bottom and a 50% correction in both cases. The only thing that bothers me is that now we have seen a large volume at local highs. The price has come to the support zone and may stay there for some time after a sharp decline. But I wouldn't be surprised if the same scenario repeats. I'm not rushing to buy, just wanted to share my observation and one of the very likely scenarios. It is possible that the whales will act according to the old scheme.
Long
by razumcapital
✴️ We Are Good Long-Term | Cardano Headed Towards $7.70 - $8Good day my dear friend, how are you doing? See, Cardano has been red for three weeks. Two weeks actually but this week starts red and is likely to end red. Seeing three consecutive red weeks can mean a correction is about to develop, we can deduct this based on multiple signals. This is ok. This projected/potential correction is only a short-term event. It can be a "mid-term" event but this part is hard to predict. The correction can last an entire month just as it can last 3 months. ➖ 1 month = short-term. ➖ 3 months = mid-term. Now, this is great because it allows for profit taking, new entries and better prices. The market always fluctuates... In fact, this is necessary for trading to exist. Straight up or straight down would mean no market and also an impossibility. We know the market cycles because life cycles. Nature is full of cycles indeed and everything goes through cycles in this wonderful reality in which we live. The easiest and most dominant cycles of all is based on the moon and the sun, night and day. Just as we invariable go through these changes, up and down, light and dark, night and day, the market does the same. Once the correction is over we can expect massive growth so that Cardano can complete its bullish phase. 👉 We are looking at a potential target of $8 as the next All-Time High. 👉 It can hit $7.70 and peak there. On the other hand, even beyond $8 is possible. I saw a strong target/resistance around $4.40 but that would be small for Crypto... We need to stay alert and vivid of course because the market can surprise and sometimes the action/energy can move to new projects and some projects can perform worse than projected/expected. So far, everything has been great. Bitcoin went beyond all expectations and the smaller Altcoins and ALTSBTC, which suffered for years, are back on the green. This is all we need. Move up, keep up, step up and grow, while we trade and win. Trade and win. Trade to win! And yes! My dearest of friends... Enjoy the profits! Namaste.
Long
by AlanSantana
12
Cardano (ADA) Market UpdateCardano (ADA) Market Update Currently, we're observing the 15-minute timeframe for ADA as it tests the 200 SMA. We're anticipating a potential bounce off this level, though much depends on Bitcoin's next moves. Market Context Similar to the recent Bitcoin situation where it tested key resistance levels, ADA's performance is closely tied to Bitcoin's market behavior. If Bitcoin experiences a rejection at its current resistance, it could influence ADA to retract rather than bounce. Conversely, a Bitcoin breakthrough could bolster ADA's chances of a successful bounce from the 200 SMA. Possible Scenarios for ADA Bounce: If Bitcoin stabilizes or climbs, ADA could bounce off the 200 SMA, presenting a buying opportunity. Retraction: If Bitcoin faces rejection, ADA may struggle to maintain its position at the 200 SMA and could drop. Trading Strategy Monitor Bitcoin closely as it will provide cues for ADA's next movements. Consider waiting for a clearer signal from Bitcoin's activity before trading ADA. Set appropriate stop losses to manage risks associated with these correlated movements. Note: Stay updated on both cryptocurrencies to make informed decisions.
Long
by Fermented_Crypto
Alikze »» ADA | The scenario of wave 3 or C rising super cyclesAccording to the analysis of the previous post that was presented in the 8h time, according to the cup pattern, it made a growth as high as the height of the pattern valley, after which it encountered supply. 💎 But in the weekly time, due to the fact that it created a reliable floor in the golden zone of the previous wave, it faced demand. 💎 Currently, this return wave can be a pullback to a broken structure and a swing, which should meet good demand in the 39 cents area. 💎 First scenario: Therefore, according to the structure and movement behavior, it can have the first target of 0.8789 to 0.9766 by maintaining the green box area. 💎 Alternative scenario: if the range of 39 cents is broken, it can retest the floor of the range of 23 cents again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
ADA will create a chance to turn your life aroundHello friends, did you have a good day? I'm going to show you a shocking and amazing chart today It's a log-chart. There's a way to read the ideas of the forces by applying a little bit of technology in the Fibonacci extension. It's the SECRET of 0.1 and 0.236 0.1 and 0.236 are places where there is a fight between selling and buying, and have consolidation. When it breaks out 0.236 upward, it can reach 0.618 (5.3135) and If it succeed in retesting beyond that, it can reach the 1 value of 38.3173. If you take a long position at a 10x from the current point and chart goes to 1 value,
Long
by EAGLE_S_S
ADA: Channel Down EmergingTrade setup : Price is in downtrend, trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Long
by altFINS
🐳Cardano will Go Up Again🐳Hi. BINANCE:ADAUSD ✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves . ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. ✨Targets are: 🎯$0.52 🎯$0.57 🎯$0.62 🎯$0.685 🎯$0.73 🎯$0.775 ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2
ADA (CARDANO) 500% EXPLOSIVE MOVE IS GOT A DEADLINE DATE First it was all downtrend since September 2021 till October 2023 (over 2 years) with a drop of over 90% then created a temporary support before breaking down. Ever since price tried to recover several times but got rejected even after breaking out of the Descending Channel and then we saw the retest of the channel exactly a year ago before flipping the resistance December last (which is clearly a Change of Character) year and ever since price have been finding support on the previous resistance. The important part is that the switch in trend has created a complete Elliott Wave Impulse cycle and obviously we are currently in wave 2 which should end around the 60 - 70% Fibonacci zone (an extension to 90% is possible) creating what a Classical Analyst will call a Truncated Head & Shoulder Pattern. I have already aped in BINANCE:ADAUSDT and already set a limit order below to DCA around the 60 - 80% Fib. This whole idea is invalidated one price retrace 100% from the last low created on the 10th of June 2023 which serves as the stop order. If average entry be $0.45, ADA should print at least 500% coming Alt Season. OTHER ANALYSIS
Long
by DewyCandles
✴️ Cardano | Correction UpdateThis is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart. Here we have Cardano on the weekly timeframe, five weeks going down. ➖ The five weeks going down can tell us that a bearish move happened and a reversal is about to take place. It can also tell us that a bearish move is developing and in the making. ➖ The fact that the same low has been working as support, around 0.5800, for five weeks and is now breaking gives us a bearish signal. How far down can a correction go? Will there be a correction? So far we have five weeks red and a total decline of thirty percent from recent peak prices. This might as well just be it, the correction. I looked at around 150 charts, many more; not now but a month or so ago. I measured the size of the correction for all the Altcoins that already grew 2-3X beyond 100%. All these Altcoins without exception that ended their correction moved to test a price range between 0.618 and 0.786 Fib. retracement for the entire move since the 2023 low (2022 in some cases but that is beyond the point). It is the same method we used to project targets for the bullish wave but in reverse. It is not exact and can't be but it gives us a map that we can use to navigate and update when new data comes in. Ok, for Cardano, ADAUSDT; this support range would be between 0.4444 and 0.3450. Now, can it continue growing or move higher before going lower? Yes! Absolutely but, Cardano has been lagging behind so it is possible to assume that it will continue do so rather than to think it will catch up. We can always diversify and have many and varied choices but some move fasters and others move higher while in some cycles others will stall. The weekly chart right now is producing a break below EMA10 with a very strong bearish candle as the RSI turns red. We can speculate but the only wise decision is to remain bearish until the chart and market conditions change. Once support is found and established, we become bullish again. Namaste.
Short
by AlanSantana
8