ADAUSDT trade ideas
new Flag pattern?As observed, there were three flag breakouts in November 2024. However, the failure of the fourth flag breakout in December 2024 led to a correction.
The $0.85 level appears to be well-supported, creating a flagpole, and it seems to be forming a flag pattern now, awaiting a breakout.
Once the breakout occurs, it is expected to rise above $1.25
ADA: Bullish continuation is imminent! Previously, the price breached the descending triangle to the upside and is currently encountering some resistance. A decisive break above this resistance will signify the commencement of a bullish continuation. Therefore, it is advisable to closely monitor this setup if one is seeking a secure entry point into the market.
The idea is to buy when the price breaks above 1.12$ and take profits at the levels shown in the chart.
Targets:
1. 1.17$
2. 1.24$
3. 1.3$
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Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
ADA/USDT: Potential Reversal with SMC and ICT StrategiesBINANCE:ADAUSDT ADA/USDT: Potential Reversal with SMC and ICT Strategies
Analysis:
The chart shows the ADA/USDT pair on a 4-hour timeframe, published on TradingView. The chart is rich with technical indicators and annotations, including price action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies.
Price Action and SMC Analysis:
Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure.
Change of Character (ChoCH): Several ChoCH points are noted, suggesting potential reversals or shifts in trend.
Volume Profile: The volume profile on the right shows high trading activity around the 1.0736 level, indicating strong support/resistance.
ICT Elliott Wave Analysis:
The chart shows a descending channel with multiple touchpoints, suggesting a corrective wave pattern.
The price appears to be breaking out of the descending channel, indicating a potential bullish reversal.
Indicators:
RSI: The RSI is currently at 74.65, indicating overbought conditions but also suggesting strong bullish momentum.
Volume Oscillator: The volume oscillator shows a recent spike in buying volume, supporting the bullish breakout.
Buy Strategy:
Entry: Enter a long position at 1.0736, which is a key support level and the point of breakout from the descending channel.
Take Profit (TP1): Set the first take profit at 1.1194, where there is significant resistance as indicated by the volume profile.
Take Profit (TP2): Set the second take profit at 1.1542, the next major resistance level.
Stop Loss (SL): Place the stop loss at 1.0736 to minimize risk in case of a false breakout.
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Sell Strategy:
If the price fails to hold above 1.0736 and breaks back into the descending channel, consider shorting with a target back to the lower boundary of the channel.
This analysis combines price action, SMC, and ICT Elliott Wave strategies to provide a comprehensive trading plan for ADA/USDT.
Cardano Could See $1.5 Price Target: More Gains AheadHello and greetings to all the crypto enthusiasts, ✌
I aim to provide you with a comprehensive overview of the future price potential for Cardano , 📚💡
Cardano, once in the spotlight during its peak, has built a strong, engaged community on social media, attracting interest from major players like institutional investors and influencers. From a technical perspective, I remain optimistic about its future, expecting a potential upside of at least 41%. 📚✨
With strong momentum and an active following, Cardano seems poised to outperform in the near to medium term. It's also likely that the price will test support before making its next upward move. Given the current market trends, this presents a good opportunity for further gains. 📚🎇
🧨 Our team's main opinion is: 🧨
Cardano, with its strong community and momentum, looks set for a 41% upside, likely testing support before its next move, offering a solid opportunity for gains.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
Be careful with ADAUSDT !!!As I mentioned, the price finally managed to break the bullish wedge and reach the targets I mentioned. Now, technically, since the price has reached the important 0.618 line, it might correct slightly and then break this line with strength to reach higher targets.
PREVIOUS ANALYSIS
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA - Time to buy again!Possibly due to Bitcoin's price rising above $100,000 and an increase in money injection into Bitcoin, the price may correct slightly in a few days, drop to the support line, and then rise to $1.25 .
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 update and current levels (D)BINANCE:ADAUSDT bounced or rather moved around the 2018 support and managed to break above it decisively around 4 days ago. now it again knocks at the 161.8 fib extension on which it may find resistance again .
question now is if it manages to push above it and finally find continuous support around that level (or the VAH it currently resides at perfectly) OR if it retraces once more towards the 2018 support before attemtping a break out.
I guess, given the whole market, that everything will be kind of uncedided until the inarguration of Trump on 20th January. Noted, this can also mean another small dump (sell the news event) but let's hope that won't be the case. mid/long term I see cardano show some strength again and successfully find support around the previous high area between 1.35 and 1.30. IF it then retraces again towards a support zone I think it'll bounce from the 1.15 area and aim higher towards 1.70 within the next weeks.
ADA on high time frame
"Regarding ADA on the high timeframe, in line with my recent analysis, the price is advancing towards higher levels. If you decide to join me in buying for holding or trading, now presents a favorable opportunity to increase your volume near $1. Please ensure to prioritize risk management in your decisions."