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ADAUSDT trade ideas

AdA after Giving us a Hhuge Profit in Last Trade. Is Ready Again## ADA Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Cardano (ADA):** A proof-of-stake blockchain platform for decentralized applications (dApps) and smart contracts. * **Launched:** September 2017. * **Market Cap:** ~$28 billion (as of Feb 23, 2024). * **Rank:** #7 on CoinGecko. * **Unique Features:** * **Plutus smart contracts:** Allow for the creation of secure and scalable dApps. * **Layered architecture:** Separates transaction settlement from computation, improving scalability. * **Proof-of-stake consensus mechanism:** More energy-efficient than proof-of-work. **Recent News:** * **Feb 24, 2024:** IOG announces the Alonzo mainnet upgrade is now live on Cardano. * **Feb 16, 2024:** Cardano successfully completes its hard fork combinator (HFC) event. * **Feb 14, 2024:** Input Output Global (IOG) releases roadmap for scaling Cardano. * **Feb 9, 2024:** Cardano announces partnership with Dish Network to explore blockchain solutions. **Disclaimer:** * This information is for educational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Do your own research before making any investment decisions. **Additional Notes:** * ADA price has been following broader market trends recently. * The recent news highlights Cardano's progress in development and adoption. * It's important to be aware of the risks involved in cryptocurrency investments before making any decisions. I hope this information is helpful! Please let me know if you have any other questions.
Long
by MoonTradingForecast
ADA: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. That’s a resistance zone where it got rejected in late 2023. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, with +47% upside potential to $1.00 next, or 2) pull back near $0.46 support for another swing entry in Uptrend with +17% upside potential back to $0.65. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $1.00.
Long
by altFINS
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
4
ADAUSDT,🟢Still bullish...?!🟢(Details on caption) By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend. In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target. Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone. What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency. 💡Wait for the update! 🗓️25/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
ADA Surges and Now Attempts to Break Above a Key Resistance The Cardano price has been exhibiting intriguing movements, showcasing potential bullish momentum in recent sessions. Closing prices on the 4-hour chart over the past 24 hours have displayed a steady uptrend. This upward trajectory suggests growing investor interest and positive sentiment surrounding ADA. Examining the Exponential Moving Averages (EMA), the 9 EMA has consistently been above the 20 EMA, indicating bullish momentum. Specifically, the 9 EMA values have been progressively increasing, surpassing the 20 EMA values, which further reinforces the bullish sentiment. The Moving Average Convergence Divergence (MACD) indicator also supports the bullish outlook. The MACD line has been consistently above the signal line, with increasing values over the past 48 hours. The histogram, representing the difference between the MACD and signal line, has also been consistently positive, indicating strengthening bullish momentum. Furthermore, the Relative Strength Index (RSI) has been hovering in the overbought territory, indicating strong buying pressure. RSI values have steadily increased, reflecting growing bullish momentum and potential continuation of the uptrend. However, traders will want to keep an eye on this indicator on the 4-hour chart as traders generally see a crypto in overbought territory as a sell opportunity. This is due to the fact that the crypto’s downside is greater than its upside potential.
by StevenWalgenbach
Cardano(ADA) Bull continuation Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change. Will keep on updating on this, but for now, at the Current Price we are expecting a bullish move. I have indicated the chart so you can be able to see my sentiment clear. REMEMBER..NFA
Long
by Theofylrx
1
ADAUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Until we above 0.44 still wanna see 0.7 - 0.75$ zone. Entry: Market and lower Targets: 0.62 - 0.68 - 0.73 Stop: ~0.44 (depending of ur risk). RR: 1 to 5 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
3
ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA. After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883. Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance. We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
by Rick_SimpleSwap