ADAUSDT trade ideas
#ADA/USDT#ADA
The price has broken the descending channel on 1 hour upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.3300
Entry price 0.3400
First target 0.3747
Second target 0.949
Third target 0.4200
ADA USDTADA has been consolidating within a range for the last few months and has been in a downtrend since March. After a breakout from the trend line we might see a bullish move
All the levels are marked on the chart
ADA USDT thesis with RAG AI by Titan_KarmaIntraday Scalping Strategy Analysis for Cardano (ADA): Evaluating Long Positions Amid Current Market Conditions
Abstract:
This thesis examines the viability of initiating a long position in Cardano (ADA) based on current market conditions, using an intraday scalping strategy. The analysis leverages a combination of technical indicators, real-time data, and sentiment analysis to identify optimal entry points and manage risk effectively. The findings are grounded in a comprehensive evaluation of the market's bullish momentum, positive sentiment, and recent trading patterns, with an 85% confidence level supporting the trade recommendation to initiate a LONG position.
1. Introduction
This thesis aims to explore the application of intraday scalping strategies to ADA, specifically under current bullish market conditions. With Cardano's price reaching $0.4406 and a significant surge in trading volume (266.96 million), there are indications of continued upward momentum. However, caution is warranted due to overbought technical indicators. This study identifies strategic entry and exit points to optimize returns while minimizing risk.
2. Background on Cardano (ADA) and Scalping Strategy
Cardano Overview: A brief overview of Cardano, its role in the blockchain ecosystem, and the factors driving its adoption.
Intraday Scalping Strategy: Definition and explanation of scalping, a high-frequency trading strategy that involves capitalizing on small price movements throughout the day. This strategy is particularly effective in moderately volatile markets like ADA.
3. Data Sources and Market Analysis
Coinglass Data: Open interest remains healthy, with a favorable funding rate indicating market participants are predominantly taking long positions. The absence of significant liquidations suggests a stable trading environment.
Binance Order Book Analysis: The presence of substantial buy walls at $0.4350 suggests strong support, which could act as a buffer if a retracement occurs. The moderate volatility index indicates a conducive environment for scalping.
CoinMarketCap Metrics: A robust liquidity score and stable market cap reflect sustained investor interest, with candlestick patterns pointing toward a bullish continuation.
Sentiment Analysis (Augmento and CryptoCompare): Predominantly positive sentiment among traders, driven by recent whale activity and institutional interest, reinforces confidence in ADA's short-term bullish outlook.
4. Technical Analysis of Current Market Conditions
Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. Historically, this level suggests a potential for short-term pullbacks.
Stochastic Oscillator: High Stochastic readings align with overbought conditions, advising caution for new entries until a retracement is observed.
Bollinger Bands and Moving Averages: The price is near the upper Bollinger Band, suggesting potential resistance, while the price remains above the 50-period moving average, indicating bullish momentum.
MACD: A recent bullish crossover on the MACD supports the continuation of an upward trend, aligning with the current market sentiment.
5. Trade Recommendation and Strategy
Position: Open a LONG position if the price retraces to the support level of $0.4350.
Entry Criteria:
Timeframe: 15-minute intervals to capitalize on intraday movements.
Indicators: RSI above 50, MACD bullish crossover, price near the middle Bollinger Band, and moderate volatility.
Stochastic Oscillator: Monitoring overbought conditions to identify optimal entry points after a pullback.
Exit Strategy:
Take Profit: Target set at $0.4500 to align with the next resistance level.
Stop-Loss: Set at $0.4300 to mitigate downside risk.
Exit Point: Recommended exit around $0.4450 to secure gains while avoiding potential pullbacks.
Confidence Level: 85%
6. Risk Management and Market Dynamics
Support and Resistance Levels: The $0.4350 level serves as a key support zone. A break below this level could signal a shift in sentiment and invalidate the long trade setup.
Volatility and Market Sentiment: Given moderate volatility and high bullish sentiment, traders should remain agile, adapting quickly to changing conditions. Overbought indicators suggest monitoring for potential pullbacks before entering new positions.
Correlation with Broader Market Trends: ADA’s price movement remains correlated with Bitcoin (BTC), which also shows bullish signals. Any significant shifts in BTC’s performance could impact ADA’s trajectory.
7. Conclusion
The current technical and sentiment indicators provide a favorable setup for initiating a long position in Cardano (ADA). However, the overbought conditions identified by RSI and Stochastic indicators warrant caution. The recommendation is to wait for a retracement to the support level of $0.4350 before entering a long position. The exit strategy, stop-loss settings, and profit targets are designed to optimize returns while managing risk effectively.
8. Future Research
Further research could explore the impact of macroeconomic factors on ADA’s price, the influence of whale activity on market sentiment, and a comparative analysis of ADA’s performance relative to other Layer-1 blockchain projects. Additionally, studying the correlation between ADA’s market movements and those of Bitcoin could yield insights for improved predictive models.
This thesis provides a comprehensive analysis tailored for traders leveraging intraday scalping strategies, focusing on optimizing entry and exit points in a moderately bullish market environment.
Cardano (ADA): Possible Upward Movement of 10%Cardano has made a good upward movement, breaking the local resistance zone, which might result in a good movement to the upper zones (towards the next resistance zone, where we also can see a smaller CME gap).
More in-depth info is in the video—enjoy!
Swallow Team
Cardano (ADA) technical analysisCurrently, ADA is correcting in a downtrend channel; wave (4). Keep an eye for the channel's upper line break; if successful, a pullback will probably follow. Also, buying volume is crucial too, so don't forget to check.
ADA Preparing for the flight💸 #ADA LONG:
➕ The purchase price: 0.35 - 0.34
📈 Take-Profit: 0.39
📈 Take-Profit: 0.43
📈 Take-Profit: 0.48
⛔️ 📉 Stop-Loss: 0.31
🔥 Risk-reward ratio: 1/4
🆘 Recommended trading volume: 5% of your deposit amount.❗️
ADA, Cardano, 0.5 Fib retrace sets up a 27x Algo targetCan you feel that? the weight has been lifted...
With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this.
Key Points:
The 2020 bull market fully retraced to 0.5 fib
A retrace to only 0.5 fib suggests Cardano is very strong
0.5 tested multiple times with a higher low now in
Trump won the election - very bullish for crypto
The Trade:
Entry: anywhere here. this is a monthly chart. Think bigger picture. Buy and hold.
Algo Target: $10.33 (27x)
Stops: if something weird happens and this starts selling off, I'd be out under that previous low.
Range Expansion Target: $38.60 (100x) - less likely but who knows, might be worth keeping a small moon bag.
We won't talk about the Elliot wave targets... too high, too much hopium
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
ADAUSDTADAUSDT is in a huge ascending parallel channel on the logarithmic chart 📈. I consider that we are at the bottom, and I’m not sure if it will reach the top of this channel in this bull run cycle, but we have a bullish cross between MA55 and MA144 on the weekly chart 🐂. I am extremely bullish and it seems the market might allow a considerable increase 🚀. I'm curious to see how it unfolds.
Bullish Reversal for ADA? Key Levels to Watch
The ADA/USDT is approaching key levels that may determine its next move. The support level at 2800 is critical for maintaining a bullish outlook; as long as the price holds above it, the bullish trend is likely to continue. The main resistance level to watch is 4100—a breakout above this point could open the path to the next target at 8100, aligning with previous highs.
If the 2800 support fails, the price could experience a deeper correction, offering potential accumulation zones at lower levels. Currently, momentum is building, suggesting a possible bullish reversal if key levels hold.
Conclusion: ADA is showing promising signs for a bullish breakout, but support at 2800 remains crucial. A breakdown could indicate a return to bearish territory.
👨🏻💻💭 Think ADA has what it takes to break resistance? Share your thoughts below!
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Ada into bull runAda has been hated, let me tell it hasnt done nothing different from other bull runs so far, it takes a bit longer to pump but when start its gonna be quick
ADA updatehello to everybody and hope you are doing well.
today we have a potential short setup for ADA and new analysis.
as you guys can see and shown in the chart the bias(the higher time frame order flow) is bearish and after days of ranging and pulling back that M15 and bias finally realigned and this means that the price is finally pulled back and is ready to take us lower potentially.
the M15 trend that you see is in a 4H supply right now and the red and green marks are the swing points that I marked for a better view of the market structure.
after tapping into the 4H supply the market slightly taped into it and it means it can potentially go back to it one more time first to sweep it and second to gather more orders at least in the 50% of the zone.
in the big picture, there were lots of high liquidity pools that the price swept on its way to this 4H supply.
so after mitigation and breaking the structure of M15, it was confirmed for me that the price is about to make its move and I opened a short position targeting the lows on the downside and stop loss slightly above the strong high.
so this is a very high-quality trade and hopefully, the price tags us in and potentially see a sell-off to the downside .
remember to manage your risk and avoid over-leveraging.
thank you for reading and bb.
#Cardano Update:#Cardano Update:
The market remains stable after BTC's recent pump, supporting the expectation that large-cap altcoins, including ADA, may follow suit. Targets for #ADA remain unchanged from the previous analysis, with potential for upward movement if market conditions persist.
Technical Analysis of ADA/USDTIntroduction
In this blog post, we will analyze the trading chart of ADA/USDT to identify potential buying or selling opportunities. Technical analysis is a crucial tool for traders, helping to predict future price movements based on historical data and market patterns.
Chart Analysis
Trendlines
The chart shows two primary trendlines:
A descending trendline starting from the peak in April and extending to the current date, indicating a long-term downtrend.
An ascending trendline starting from the low in June and extending to the current date, indicating a short-term uptrend.
These trendlines form a symmetrical triangle pattern, suggesting a potential breakout or breakdown in the near future.
Support and Resistance Levels
Immediate Support: $0.3200, aligning with the lower boundary of the ascending trendline.
Secondary Support: $0.3000, a psychological level and previous support zone.
Strong Support: $0.2800, corresponding with a significant historical support zone.
Immediate Resistance: $0.3600, the upper boundary of the current consolidation range.
Secondary Resistance: $0.4000, near previous highs and a potential breakout target.
Strong Resistance: $0.4400, a major psychological level and potential profit-taking zone.
Anomalies and Divergences
Volume Analysis: The volume bars show a significant spike in July, indicating strong buying interest at that time. However, the volume has been relatively low since then, suggesting a lack of strong conviction in the current price movements.
Potential Breakout/Breakdown Points: The intersection of the descending and ascending trendlines suggests a potential breakout above $0.3600 or a breakdown below $0.3200.
Risk and Reward Scenarios
Bullish Scenario
Entry Point: On a breakout above $0.3600 with strong volume.
Stop Loss: $0.3400, just below recent support to limit downside risk.
Profit Target: $0.4000, aligning with the next major resistance.
Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.04.
Bearish Scenario
Entry Point: On a breakdown below $0.3200 with increased volume.
Stop Loss: $0.3400, to protect against a false breakdown.
Profit Target: $0.3000, the next support level.
Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.02.
Conclusion
The analysis of ADA/USDT reveals several key points for traders to consider. The identified trendlines, support, and resistance levels provide a framework for setting entry and exit points. The anomalies and divergences highlight potential risks and opportunities. By understanding these elements, traders can make more informed decisions and optimize their trading strategies.
ADAUSDT.1DAnalyzing the ADA/USDT daily chart, I can discern several pivotal elements that guide the current trading scenario and could influence future price movements.
Key Observations:
Resistance Levels: Clearly marked on the chart, 'R1' at $0.3696 stands out as the immediate hurdle for ADA's price. Above this, 'R2' at $0.4188 and 'R3' at $0.4645 are subsequent targets that may act as significant resistance zones should the price continue its upward momentum.
Support Levels: The chart indicates 'S1' at $0.2786 as the primary support level, which is crucial for maintaining the current bullish outlook. This level should serve as a strong base, preventing any significant downside.
Price Trend: The current trend is upwards, suggesting a bullish sentiment as the price moves towards testing 'R1'.
Technical Indicators:
Stochastic RSI: This is currently in the upper region, signaling that ADA might be overbought. This can often precede a potential pullback or consolidation phase.
MACD: The MACD is below the signal line but is showing a narrowing gap, hinting at a possible bullish crossover in the near future. This could strengthen the case for continued upward movement if confirmed.
Strategic Approach: Given the current bullish trajectory and approaching resistance at 'R1', my strategy would be to monitor for a solid breakout above this level with increased volume, which would confirm continued bullish momentum. Should ADA break above 'R1', I would look to target 'R2' while managing risks by moving up stop-loss levels appropriately.
Conversely, should the Stochastic RSI's overbought signal lead to a price correction, 'S1' will be critical to watch. A bounce from 'S1' could offer a buying opportunity, while a break below it might necessitate reevaluating the bullish stance for potential shifts to bearish scenarios.
Conclusion: The ADA/USDT pair shows promising bullish signs but faces immediate resistance at 'R1'. The strategy should involve readiness for both potential breakout and pullback scenarios, with close monitoring of volume changes and MACD signals to time entries and exits effectively. As always, employing a disciplined approach with predefined risk management tactics is advisable to navigate the potential price swings effectively.
Ada usdt idea Ada spent 17 weeks without breaking the 0.32 support I expect it to move up to the area of 0.40 cents 0.45 cents . Stop loss should be placed below support . I think money will start flowing to alt coins soon as btc dominance starts to go down
DreamAnalysis | Identifying Key Triggers For ADA✨ Welcome to Today's Analysis!
Today, I’ll be analyzing ADA/USDT and identifying key triggers for trading opportunities in both spot and futures markets.
📅 Daily Timeframe Analysis
In the daily timeframe, ADA/USDT has been in a prolonged downtrend since reaching a high near the resistance level at $0.6660. After about 200 days of decline, the price has now reached the significant support level of $0.3150. This level has proven to be a crucial area of support, experiencing numerous interactions with candlesticks over time, which has slightly weakened its strength.
🔽 If ADA/USDT breaks below this level, it may drop further to the next support level around $0.2770. This area serves as the last stronghold, and a breakdown here could trigger sharper declines. Conversely, a rebound from the support level could lead to bullish triggers at $0.4041 and $0.4649, though these setups carry higher risk. I will use volume and RSI confirmations for entry to mitigate this risk.
🔼 Currently, the volume appears to be consolidating, indicating limited momentum in the market. A confirmed volume spike alongside a support break would suggest a strong bearish move, while a volume increase on a rebound would signal a potential bullish reversal. The primary bullish trigger would be a breakout above $0.4041 for spot trades, with potential targets at $0.4900 and $0.5700.
⏳ 4-Hour Timeframe Analysis
Moving to the 4-hour chart, we can see that the $0.3150 support aligns closely with $0.3286 in this timeframe. The price has recently bounced off this level and is currently attempting a pullback. If the pullback establishes a lower high, it will validate the breakdown and we can target $0.2770 next.
📉 In the event of a fake-out (where the price breaks support and then re-enters the range), a recovery above $0.3500 would indicate that buyers are stepping in to push the price higher. In this case, we could anticipate a move toward the upper range, with a long position triggered upon a break of $0.3669. A higher high, confirmed by an RSI move above 50, would strengthen the long setup.
📈 If momentum picks up, we can also aim for the key resistance at $0.4123, offering a solid opportunity for an extended long position.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Ready for the Big Altcoin Pump? Check out Cardano (ADA)Bitcoin is currently soaring above 71k, what altcoins should you buy in preparation of the bull-run?
Cardano (ADA) is currently at its lows and recently started memecoin buying on its blockchain. Its also no secret that memecoins have been a huge catalyst in the crypto space,just take a look at Solana!
I believe ADA should be part of your portfolio this bull-run; brace yourselves!
Cardano (ADA): Looking For Another Fill of CMECardano has nicely filled the previous CME, which we caught in a 1-hour timeframe.
Now we are looking again at the ADA coin, where we see another CME has formed. With that being said, we are looking for this CME to be filled one way or another.
Ideally we should see a claim of the upper FVG zone, from where we should see the dominance of sellers and a further movement to the lower zones, but if we fail to break from 200EMA, we will see an early claim of CME!
Swallow Team
Cardano (ADA) 70% macro correction to 15 cents?On the “Alt-coin market preparing for a 10x move” idea from July 2023 (below) it was written:
“A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective.”
Legacy token holders are slowly coming to the realisation this was not hyperbole. LTC, MATIC, ALGO, you name it, legacy tokens are underperforming. ADA is now added to the list of tokens set to show significant underperformance for the remainder of this bull market.
On the above weekly chart ADA price action has confirmed significant negative divergence across 8 oscillators as measured over a 2 month period. Just as it was in March 2021. Look left!!
In addition to the divergence price action has confirmed legacy support as resistance. It does not get much more bearish than this. But it does… The ADA / Bitcoin ratio..
The ADA.btc pair has confirmed resistance following a confirmed break of market structure. This is not indicative of other tokens currently over performing in the space.
Is it possible price action see higher highs? For sure.
Is it probable? No.
Ww
Alt-coin market preparing for a 10x move
ADA.btc monthly
ADA Beautiful Range. Lower First!?Currently rejecting from the local POC. IMO it would make sense to test the untested daily level, VAL, GP below before attempting to move higher into September highs, untested monthly level and channel highs. #Cardano
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This is not financial advice. This is for educational purposes only.
Cardano: How To Approach This Pair? What To Do Now?Cardano is not in the same situation as many of the Crypto-giants, we can clearly see that it is already trading at bottom prices compared to the others, so, how do I approach this pair? Is it too late to sell? Should I just hold?
Here is the thing, Cardano is not trading at the same levels at which it traded back in February or March 2024 like Bitcoin or Binance Coin, instead, it is consolidating at the same November 2023 level. The early August 2024 drop wick activated the same prices at which ADAUSDT traded in August, June and July 2023, only the September and October 2023 support levels remain untested.
The question to answer is how to approach this pair.
The drop is already quite advanced and we can say that 80 to 90% of the correction is already over for this pair.
For a really big holder, selling here can be risky. A really big holder would be wiser to enter the accumulation mindset.
A new drop on Bitcoin and a major marketwide flush would still push Cardano lower, but this wouldn't be a super strong drop and it would be a super quick drop lasting only a few days or maximum a few weeks, then we would see a long-term recovery. (Even though a wick can pierce the last major low, but this wouldn't change the bigger picture.)
So I wouldn't recommend selling here because I already recommended selling, many times, around March 2024. Prices are already pretty low for ADA, we are already in the accumulation zone. For this pair, we would buy always focusing on the long-term. Buy now and hold. If it drops, buy more. Then buy, buy, buy, buy, wait, buy, wait, until the next bull-market enters in full swing. If you didn't sell, I would say it is too late. But a short-term trader can do some risky moves here but there are other pairs in a better situation for a SHORT trade.
My map says another drop. Slow recovery action between November-December-January-February and maximum bullish speed in March 2025. So we still have plenty of time.
If you held this long, waiting a few more months won't make much of a difference. If you have to buy, you can wait a bit longer and better price might be present in a matter of days. So either bear or bulls are recommended to wait.
➖ Short-term action calls for more consolidation with bearish tendencies.
➖ Mid-term and long-term action calls for sustained growth.
Namaste.
