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Cardano / TetherUS

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ADAUSDT trade ideas

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
EMA 200 Test expected on Daily at Golden Ratio (40 cent)The price came below EMA 50 and bounced off it to go lower. There might be a test of the EMA 200 on the daily chart which might end up bouncing from the golden ratio around 40 cent to reach higher than 69 cent. If Bitcoin retraces lower pre halving (like 32 - 35 K) it is likely that the price reaches 35 - 37 cent before rallying higher. I am also expecting Bitoin to see lower prices before halving. RSI is below 50 showing a bearish trend.
Short
by ShortyShort78
3
ADA - Time For a Bearish CorrectionADA - Time For a Bearish Correction Cardano broke down from an "Ascending Channel" pattern and it is pointing down for a possible bearish move. Price found a strong resistance zone near 0.6000 and it is like to test that zone again before the bearish wave begins. A strong support zone will be found near 0.5600 and near 0.5350 A move below the support zones above should push Cardano down even more. This can be also a small movement compared to what can really happen. However, let's see how the price will develop these days. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
Looks good in the long run.Cardano currency broke its 900-day downward trend in daily time and increased the possibility of growth. For friends who are looking for mid-term and long-term investments in digital currencies, this currency can be a good option that has the possibility of growing up to 90% and also 300%. But such growth requires a little patience because we have to wait for the breaking of the important resistance range and the stabilization of this breaking in the daily time. The important range of resistance in the daily time for this currency is specified in this analysis. Also, in the time of 4 hours, a corner pattern is forming, which can cause the correction of this currency. In this analysis, we went into a lot of detail about the future and support and resistance for this currency
Long
by karaco2022
Cardano | Lower High Or Straight Up Bullish?Let's dig out the truth and ask the chart... My question is the same as yours, "Will Cardano proceed to hit a higher high and continue higher in the coming weeks and months?" It is a fair question and to be honest, it is impossible to say for sure. All we can do is read the chart and the market and make an educated guess based on available data. Here is the daily chart: ➖ We have a peak 14-December 2023. ➖ Trading volume was rising daily until this peak hit. ➖ After 14-Dec. we have decreasing volume. We interpret this decreasing volume as a bearish signal. ➖ After the decreasing volume, 20-Feb. we have a lower high. Well, maybe tomorrow it will move higher and hit new highs; this is a possibility but we have a lower high followed by a bearish candle that broke below EMA10; again, with decreasing volume. We interpret this as bearish. ➖ After the 14-Dec. peak there was another attempt at resistance, 28-Dec.; another lower high. The RSI peaked 19-Feb. and is trending lower: This is all happening after ADAUSDT hit its May 2022 resistance. We can say: "If this happens, that happens and if such happens this happens... And we have a set of useless speculation." Hold on, I'll do it. If Cardano manages to break daily above its 14-Dec. peak and stay there, we can expect higher right away. This would negate the bearish bias and growth is possible... You see? But instead I prefer to read the chart. What I wrote above as "we" is a translation of the chart. Even if I want to consider the bullish potential all the signals are pointing lower. Even if Cardano moves up the potential is bearish. We have a bullish trend based on the early June 2023 low with bearish potential. The bearish potential remains open (valid) as long as Cardano trades below its mid-December peak. And as long as it stays below this level, we look for a second drop; a lower low before considering a new high and thus the "C" wave of a classic EW ABC correction. Namaste.
by AlanSantana