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ADAUSDT trade ideas

ADA Daily Chart Analysis - Long Target $0.62, Short Target $0.26NOT FINANCIAL ADVICE TL;DR Bear Pennant / symmetrical triangle, No Trade Zone, wait for breakout. Long target is $0.62, short target is $0.26 BITGET:ADAUSDT has been trading in a symmetrical triangle (potential Bear Pennant) since April 13th. For me it's a No Trade Zone now, a breakout is needed to determine the direction of the next trend Fairly respected fibonacci retracement levels highlight potential areas of interest Disclaimer: The targets will change if a breakout does not happen soon, as they need to be measured starting from the breakout point 🟢 Bull Case The target of a breakout from the resistance trendline 🟠 is $0.62, which is also where the breakout that led to the last leg down happened Watch $0.58 (0.718 fib) as it is a previous key area and a High Volume Node which could offer some resistance 🔴 Bear Case The Pennant target for a break below the support trendline 🔵 is $0.26, which is a previous key area and inverted 1.618 fib of the last leg down
by AliferCrypto
Technical Analysis of ADA/USDT Chart (Cardano/Tether) Key Levels in the Chart: 1. **Support Area (Green Zone):** - This zone is near the $0.30 level and acts as a strong support. The price has reacted to this area several times. 2. **Resistance Area (Red Zone):** - This zone is near the $0.80 level and acts as a strong resistance. The price has touched this area multiple times but failed to break through. 3. **Weekly Liquidity Levels (LIQ):** - At the top of the chart, the $1.038 level is marked as a weekly liquidity area. This zone likely has a high volume of sell orders. - At the bottom of the chart, the $0.1276 level is marked as another weekly liquidity area. This zone likely has a high volume of buy orders. Other Key Points: - **Change of Character (Choch):** - Points indicating significant changes in price trends. - The first Choch occurred near the support area around $0.30, indicating a trend change from bearish to bullish. - The second Choch occurred near the $0.65 level, indicating a trend change from bullish to bearish. - **Break of Structure (Bos):** - Points indicating the breaking of support or resistance and trend changes. - The first Bos occurred near the $0.50 level, indicating a break of support and the start of a bearish trend. - The second Bos is near the $0.45 level, indicating a potential break of the bearish structure. Technical Pattern: - **Symmetrical Triangle Pattern:** - The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern usually precedes a significant move. - The peaks and troughs of the pattern are converging, and a breakout is expected soon. Trend Analysis: 1. **Bullish Scenario:** - If the price breaks out of the triangle pattern upwards and breaks the $0.80 resistance, it may move towards the $1.038 liquidity level. - Target levels in this scenario: - $0.80 (Resistance Area) - $1.038 (Weekly Liquidity Level) 2. **Bearish Scenario:** - If the price breaks out of the triangle pattern downwards and breaks the $0.30 support area, it may move towards the $0.1276 liquidity level. - Target levels in this scenario: - $0.30 (Support Area) - $0.1276 (Weekly Liquidity Level) Volume Analysis: - **Volume:** - Decreasing volume during the formation of the triangle pattern indicates declining trader interest. A sudden increase in volume may signal a breakout and the start of a new move. Conclusion: The ADA/USDT chart indicates a consolidation phase in a symmetrical triangle pattern, likely leading to a strong move soon. Traders should watch for potential breakouts from the pattern and make decisions accordingly. Support and resistance levels are crucial, as their breakage can signify important trend changes in the market.
by Hooman_Badiefar
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully. A few other altcoins that call for concern include the following: Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account. You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief). Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following: ______________________________
Short
by CryptoCheck-
1
LONG ADAUSDTLast time, I believed with considerable certainty that Cardano would go up, but the very strong support it had formed broke down and we got more evidence of a fall. Now, considering the favorable conditions of the market and the recently formed support line, I expect it to move upwards and touch the specified targets. It is possible to make a good profit from Cardano, considering the rise of other currencies in the previous months, but Cardano did not move significantly. Let's see what happens this time
Long
by VistaMental
#ADA/USDT#ADA The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside The price rebounded well from the lower border of the channel at the green support level of 0.400 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price 0.4500 The first target is 0.5080 The second target is 0.6000 The third target is 0.6870
Long
by CryptoAnalystSignal