ADA 4H. Good entry point. 12/12/24At the moment, the asset is in local accumulation, but it faced horizontal resistance (with sales at a certain level) and went into correction, where the formation of “symmetrical triangle” pattern is clearly traced.
I am considering opening a long position. Entry can be sought in the range of $1.0401 - $0.9042. The target is swing-high at $1.3264.
DYOR.
ADAUSDT trade ideas
right now just dcaing the dip from yesterdayright now just dcaing the dip from yesterday to average out price. I hope for a downwards wedge but could easily break out for the new year high again. But honestly if you're spot trader just hold until new all time highs hit bigger this time, hoping for January or Feb. and remember to take profits otherwise you will be diamond handing all the way down like 2021-2022 years. We must learn from mistakes. For the newbies here, once you made a 2x or 3x just withdraw your initial investment so you can almost become emotionally detached. Do not wanna see anyone complaining about losses in this space.
ADA Head & Shoulder bounce off pivot point to confluence targetsADA Head & Shoulder bounce off pivot point to confluence targets. We got the 4 hr green dot confirmed so momentum is to the up side. Nice head & shoulder pattern here and a breakout to the up side lines up perfectly with the measured move and R1/R2 levels.
Cardano (ADA) is below $1 first time in weeksCardano (ADA) price is currently trading below $1 for the first time since November 26, reflecting its ongoing downtrend. The ADX has risen to 41.2, confirming the strength of this bearish trend, as ADA continues to face pressure with a D- at 33.2 and D+ at 6.2.
Cardano price is currently in a strong bearish trend, with its EMA lines aligning to confirm the downward momentum. The ADX reading supports this view, indicating that the trend is gaining strength. If the bearish movement persists, ADA could first test the nearest support level at $0.87.
Should this support fail, ADA may continue its descent toward more critical levels at $0.65 and $0.519, where further price action will be critical in determining whether the downtrend continues.
On the other hand, if ADA price manages to reverse the current bearish trend and regain positive momentum, it could challenge the resistance at $1.11.
If this resistance is overcome, ADA price might continue its ascent, potentially reaching higher levels at $1.24 and $1.32.
Long on ADAUSDT Hi traders,
ADAUSDT cryptocurrency pair is currently undergoing a pullback. Expecting the trend to continue facing a downturn for a little longer, we presume the price will give as a reversal pattern such as reversal double bottom. We also expect the price to form the bullish divergence before the reversal begins.
The price is expected to rise after a while giving as the opportunity to buy once the reversal begins.
The last bullish chance of CARDANO in short term!The ADAUSDT has broken the wedge, which is a bearish sign in the short term. The price can correct down to the 0.618 Fibonacci level and then potentially shoot back up.
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ADA Cardano bounce off 4hr 200EMA with deep green dot printingADA Cardano bounce off 4hr 200EMA with deep green dot printing. Congrats to anyone that got ADA under $1 on the flash crash. We now got a great bounce off the 4hr EMA and a very deep green dot printing on market cipher. This will confirm in about 15 minutes. I think we'll get back up to test the $1.16 daily level very quickly from here.
Cardano ($ADA) Dips 8% After Foundation’s X Account HackCardano ( CRYPTOCAP:ADA ), one of the largest cryptocurrencies by market cap, faced significant turbulence after the Cardano Foundation’s X account (@Cardano_CF) was compromised on Sunday. This breach resulted in false promotions and market concerns, triggering an 8% drop in ADA’s price. Here’s a comprehensive analysis of the incident and the technical and fundamental outlook for the coin.
The Hack and Market Sentiment
The compromised X account propagated false information, including:
- Promotion of a fake token, ADAsol: Claimed as a partnership between Cardano and Solana.
- False claims of ADA withdrawal halts: Allegedly tied to SEC actions, further amplifying market fears.
The Cardano Foundation promptly addressed the issue, urging users to disregard any posts from the hacked account. Despite this, the damage to market sentiment was palpable, as fear and uncertainty gripped traders.
Broader Implications
This incident underscores the vulnerability of social media platforms to cyberattacks, even for established blockchain entities. It also raises critical questions about the need for enhanced cybersecurity in the crypto ecosystem.
However, amidst the chaos, optimism persists. Whale activity has shown signs of accumulation, suggesting that large investors still hold faith in ADA’s long-term prospects. Additionally, Cardano’s strong monthly performance—166% gains—indicates the potential for recovery.
Technical Analysis
At the time of writing, CRYPTOCAP:ADA trades at $1.115, reflecting a 6.79% drop intraday. The coin’s immediate range shows:
- Intraday low/high: $1.15–$1.22
- RSI (Relative Strength Index): 49, indicating weak momentum but a potential buy zone for opportunistic traders.
Market Outlook
While the hack triggered bearish sentiment, ADA’s price action aligns with broader market trends. Bulls will need to reclaim $1.22 to resume the upward trajectory seen earlier in Q4. Meanwhile, sellers may dominate if ADA fails to hold above the 38.2% Fib retracement level.
The Road Ahead
The X account hack could continue to weigh on ADA’s price in the short term. Negative sentiment might lead to increased selling pressure, especially if there are delays in restoring the compromised account.
Long-Term Prospects
Despite this setback, ADA’s bullish fundamentals remain intact:
- Whale Accumulation: Signals strong institutional confidence.
- Q4 Market Optimism: Renewed interest in cryptocurrencies positions ADA for potential gains.
Conclusion
The Cardano Foundation’s X account hack has undeniably shaken market confidence, resulting in an 8% dip in ADA’s price. However, with strong fundamentals and signs of whale accumulation, the coin still holds promise for recovery.
Traders should closely monitor technical levels and broader market trends to navigate this volatile period. For long-term holders, ADA remains a compelling investment, backed by its ecosystem and community support.
ADAUSDT Long Setup Setting / Futures TradeBINANCE:ADAUSDT
COINBASE:ADAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
1.1726
1.2265
🔴SL:
1.0301
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
$ADA movement This chart shows that ADA is moving in an uptrend. Higher highs (HH) and higher lows (HL) indicate the continuation of this trend.
Stop Loss: If the price drops below 1.0466, the analysis is invalid.
Take Profit: The price may reach 1.3383.
Key Level: Resistance at 1.1604, where the price might pull back before continuing upward.
Overall, as long as the price stays above the ascending trendline, the chances of further growth are high.
Update on ADAhello everybody.
tonight we have an update on Cardano and the price base on structure looks very bullish and could potentially go higher.
the price broke the recent structure and the green dots indicate our current range I also marked the liquidity above the demand zone and as soon as the price comes to the demand we will look at the price in the lower time frame and look for confirmation and if we saw one we can set an order and target the high of the range and catch a pretty good RR.
for now, we have to analyze the behavior of the price and see if it reaches our demand zone or not and be patient.
I will keep you updated.
tnx for reading <3
ADA Update and possible trendlines (4h)ADA performed as of now as expected and touched the 161.8 fib extension of the uptrend + touched the trendline and respected it several times.
Given the CCI I don't necessarily see a downtrend shortterm but we might prepare for a possible , short lived, dump to the 161.8 fib extension of the high time frame view, before regaining momentum. I've drawn in two possible scenarios that, in my eyes, could play out - altho I favor the continuous uptrend.
after the touch of 161.8 extension, BINANCE:ADAUSDT consollidated for a bit bellow it until it touched the trendline again. now it's slightly above the trendline and bellow 161.8. to me that indicates the 5th "wave" (not refering to elliot wave here) of the consollidation and breakout movement we saw previously 4 times in a row. so basically, if the momentum still gives, we can see another break upwards and above the 161.8 in the next days.
if it falls bellow, the next poi would be the VAH since the upmove. I've adjusted it to the current volumes so it's at 1.07. I'd see this one hold and form support, IF ADA breaks the trendline. but time will tell.
Cardano Primed for 2025 ATH: Don’t Miss Out!Cardano (ADA) has been performing well, but its price hasn’t seen a major jump yet. It’s currently trading within its previous range, showing signs of stability. Based on the chart, the $0.9799 level looks like an ideal zone for a swing trade entry. This area offers a good balance of risk and reward for those looking to capitalize on potential upward movement.
Looking ahead, I’m optimistic about Cardano’s long-term growth, especially as we move toward 2025. The ecosystem has strong fundamentals and continued development, which could drive it toward a new all-time high (ATH). For traders and investors, this makes current levels a promising opportunity to position for the future rally.