ADAUSDT trade ideas
ADAUSDT:05/04/2024Following a sustained period of bullish rallies in the cryptocurrency market, we are currently witnessing significant corrections. It is anticipated that prices may decline further. At present, the market is consolidating. However, we anticipate a minor correction over the weekend to fill the existing liquidity gap. Once the price reaches our target zone, we recommend executing a substantial swing sell.
Wishing you the best of luck and safe trading.
ADA/USDT show a bouncing from the support, potential back to UP💎 The recent market dynamics surrounding #ADA have indeed been quite notable. Currently, ADA is positioned on the support area.
💎 Historically, when ADA has touched this support area, it has exhibited significant upward movement. Therefore, there's potential for ADA to replicate this pattern by bouncing off the support and resuming its upward trajectory, possibly testing the bearish OB area.
💎 However, if ADA fails to sustain the support or bounce effectively, it could signal a loss of momentum and potentially lead to a breakdown below the support level. This would result in continued downward movement, possibly towards the Bullish OB area.
💎 At the Bullish OB area, a bounce and reclamation of price above the support level would be essential to resume the upward trend. If successful, ADA may have an opportunity to reach our target level. Conversely, if ADA fails to hold above the Bullish OB and breaks below it, further downward movement may ensue.
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Price is also oversold (RSI < 30) and could bounce up near-term. Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
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.
ADA Possible Breakdown I think ADA will break down trendline
After retest will be looking for short.
Cardano(ADA): Looking For Smaller Recovery / Then Drop!Cardano is showing some decent movement to the upper zones upon the new weekly opening.
Although we see a recovery, we are looking overall for further drops to happen here, as we had a clean breakdown of the trend and also 200EMA (which were broken without any struggle).
So we look forward to DCA-ing this one!
Swallow Team
ADA Long Trade Idea🔔 BUY Signal Alert! 🔔
🔗 Ticker: ADA / USDT
🌐 Market: Crypto
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 0.4557
🛑 Stop Loss: 0.425
🥇 First Profit Target: 0.496
🏆 Final Profit Target: 0.5128
The CHAMLEO FORGE model is managed by experienced traders to identify potential movers for each day.
The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the asset to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
[ADAUSDT] - bearish wave incomingIn 2 D chart ada looks bearish as consolidation of the H&S pattern.
Price now trading below 50Ema which confluence with 0.5 Fibonacci resistance...that's a pure bearish sign ...we expect 20% bearish wave from here.
Thank u and for more ideas hit "like" , "follow"!🎯
Lingrid | ADAUSDT broke Through the KEY LevelThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ADAUSDT went straight down, breaking through the support level. It broke and closed below the key level at 0.50. This opens the door to lower levels. I think the market might move down to retest the recent support level. If the market makes a retracement toward resistance around the 0.50 zone and forms a fake breakout, then we can expect lower prices. My goal is the support level at 0.3638
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
ADA price holding at $0.45. Bounce or breakdownFib 0.618 support is holding at $0.45 for the moment.
If it holds price should bounce to the $0.5236 target
If that support level breaks down, then we will be heading to the buy zone.
ADAUSDT 1h time frame analysishi traders
ADAUSDT looks ugly
Head and shoulders formed and looks like it's ready for a break down.
Enter short once the price breaks the neckline.
Target: 0,40 - 0,39 $
Good luck
ADAUSDT swing long - where to buyhi Traders,
Today we published ADAUST 1h time frame analysis:
Mid-term it may get ugly too.
ADAUSDT on the weekly time frame dosesn't looks good either.
The price is approaching 0,236 fib level so we may get a temporary bounce but overall the trend is bearish now.
If you want to buy for the next swing trade, accummulate longs at the buy zone shown on the chart (0.2950 - 0,2422).
Stop loss below 0,22
Good luck
ADA retracement approaching the buy zone 🐂⏩ADA retracement approaching the buy zone 🐂⏩🎯. Would you be a buyer? 🤔 Price target 🎯 for the buy zone is 36 cents. Would you be buying this dip?
Is Cardano bearish in the short term?📊 According to the selling pressure in the market, if the range of 0.440 units is broken and the price stabilizes below it, the price may fall to the range of 0.420 🎯and in the case of the strength of the range of 0.400 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 0.500 units.
ADA is gonna Reach $1 One way or another!!!Hi.
BINANCE:ADAUSDT
✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA/USDT SPOT BUY SELL ZONES 13.03.2024I am pretty bulish about ADA , it left so much liquidity and few high time frame BPR's (balance price range/ double imbalances) during the last drop.
This BPR's are will be my take profit levels, only about 30% of my spot position will reach the ath (even if it ever will). It is possible target to reach but i am playing it safe.
Green thick bars are places to buy, for quick correction, deeper, and my favourite: correction for the entire upward movement. I will place there my orders waiting for quick wick
Cardano to continue its decline?If we do see a larger crypto correction, Cardano may continue to see lower prices
200 day moving average and previous support acting as resistance for price at the moment
Short ADA down to 0.30 or 0.25 may offer a good hedge to the crypto correction
ADA/USDT 🪙Saw a sell opportunity here but missed it due to a weak down trend.
Expecting a break here to the upside. Basically buying aggressively any buy opportunity.
ADA$ Waiting to reach the demand areaAs you can see, we have a demand area for
This area is very reactive and we expect the start of an upward movement
So get purchase confirmation in the time trigger
The price goes up with your likes
Bearish continuationChart description:
- Double three (flat, zigzag).
- Target boxes laid out in chart.
SPOT ENTRY READY!We had a strong pullback since Friday's session. I expect an upside correction from levels below.
CMP 0.42
E1 - 0.41
E2 - 0.39
E3 - 0.37
TARGET - 0.60+
The Market Trend Has Recently Shifted DownwardIn the 4-hour timeframe of ADA, we previously observed an upward trend, which warranted the drawing of an ascending trendline.
However, the market trend has recently shifted downward, confirmed by the breaking of the first significant support, known as the blue box.
This area, previously recognized as the main support, has failed to prevent a price drop, resulting in a significant decrease in Cardano's price.
Given these conditions, the downtrend is expected to continue, and any price increases should be considered temporary and minor.
