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ADAUSDT trade ideas

ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 37 of 58 cases over the following month. The odds of a continued upward trend are 64%. Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 68 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 55%. ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend. Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%. BINANCE:ADAUSDT
Long
by Serhii_Bond
ADA/USDT Primed for an Upward Trajectory from Demand Zone? 👀💎 Paradisers, get ready as #ADAUSDT showcases a promising pattern, operating within a demand zone and preparing for a bullish ascent. 💎 #Cardano has been showing respect for the support level at $0.4671, with the price currently gaining momentum in the demand zone, indicating a high likelihood of an advance towards overcoming the formidable resistance at $0.7337. 💎 However, as strategic traders, it's crucial to consider all outcomes. Should our initial expectations not materialize, a bullish push from the support at $0.4671 remains on the table, with a fall below this point potentially leading to a notable decline
Long
by MyCryptoParadise
3
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. The breakout was successfully retested. Stop Loss at $0.44, just below the prior swing low. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. 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, then $0.75.
Long
by altFINS
Cardano Time? 📊🚀 Cardano's Critical Threshold: Will ADA Soar to New Levels? 🌟💹 Cardano holders, brace for impact! Our analytical journey has led us to a pivotal moment for ADA. Remember when the market was engulfed in fear and we warned of the 'zombie' at $0.25? Now, we're witnessing a remarkable turnaround. The all-time trendline painted in blue never got tested—instead, ADA rebounded with vigor on January 24th, bypassing the critical $0.4962 resistance level. Currently, ADA finds itself with psychological support at the 50-cent mark and strong technical support at $0.495, gearing up for a third and typically decisive test of the $0.679 resistance. What's beyond that? A breakout could send ADA on a parabolic run to $1.19, then $1.47, and even further to a formidable target between $2.7 and $2.9. The odds? A 64% chance of breaking above $0.68 and climbing higher. Yet, we still need to conquer this crucial level. This isn't merely a technical analysis; it's a narrative of Cardano's resilience and potential. As for my position, it remains firmly open. I'm not swayed by quick gains or pressure to close—this trade is a marathon, not a sprint. For those aligned with this analysis, consider this a prime re-entry point into ADA. As always, conduct your due diligence and trade in harmony with your strategy. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
4
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
Long
by MindPoison
ADA.X in downward trendADA.X in downward trend: price dove below 50-day moving average on January 14, 2024 ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend. In 27 of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 68%. Technical Analysis (Indicators) Bearish Trend Analysis The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 86 cases where ADA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%. The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%. Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%. The Aroon Indicator for ADA.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Short
by Serhii_Bond
✴️ How Will Cardano Perform In 2024? Bull-Market Prep, ImportantThe recovery year is over. 2023 is over and now we are entering the next Cryptocurrency bull-market year, 2024. How will Cardano perform? If you are a long-term reader/follower, this post will be easy to understand. If you are new though, some context might be needed... To accommodate everybody, let's add this context before getting started but first... Feel free to boost and follow! How are you feeling today? I am hoping you are feeling great, it is a beautiful morning on this side. The Cryptocurrency market is wide, it is big, we have so many Altcoins now, so many categories, so many options, so many choices... It is not a small niche as it used to be in the past. What one does, the rest follows? Yes? Does this still applies? In some ways, this is part of what I want to discuss (if you use the comments), share with you today (if you only read). The recovery year is the year after the bear market bottom has been set and established, the initial bullish relief rally which normally ends with no new All-Time Highs. For example Bitcoin: A bottom hits November 2022 followed by a strong bullish wave in 2023. Now new ATHs and that's the recovery. In 2024, the bull-market year, no new lower lows compared to November 2022, on the contrary, major growth after the final correction with maximum bullish strength. Based on data that is already in, the main bullish wave for those Altcoins that moved strongly reached as high as the same level these were trading around March/April 2022, some higher some lower of course. Now, here is the thing: Cardano and many other Altcoins failed to move this high... Here is the chart: Notice how the peak and double top in December 2023 ended around the same price level Cardano was trading back in May/June 2022... The recovery year is over, this is the important part. I hope you find this information useful. So Cardano can produce a new bullish wave in the future and hit as high as the other pairs did last year but when this happens if this happens it will only happen when the Cryptocurrency market enters its next bullish phase. What I am trying to say is that the initial rally is over, the recovery year is over and this is just what ADA did, nothing more, while other pairs were stronger and still others weaker. I see you saying: This is obvious Alan, what's the point? Relax my dear friend, you will find this useful and it can help you navigate the Cryptocurrency market in 2024 and 2025 and choose the pairs that will produce the biggest gains. Cardano performed weakly and this is likely to repeat. Other Altcoins such as FetchAI for example, performed strongly and this is likely to repeat. In the past we would make an analysis and consider it a 'one size fits all,' this is not possible anymore. The ones that tend to do good continue to do good. The ones that perform poorly tend to continue in the same vein. I can give you some reasons as to why Cardano did not grow much more and point fingers, but that is not the point of this trade idea, of this analysis, of this chart. Be aware that many Altcoins will move really strong, new All-Time Highs, three to four digits growth within months... Others will stall, stay behind and never grow. How will you know which ones to pick when we have tens of thousands of options now for your trading in 2024 and 2025? Luckily, we have the charts. Those that showed a strong willingness to move; That that did move; Those that have new features, new growth, an active team and of course the price... Those will be the more promising choices when the correction is over, I will be here nonetheless. I am sharing a warning, don't get caught holding something that won't move just because "everything will move," this might no longer be the true. I am saying this based on current data... In 2023 there were many, many great pairs, great growth, strong recoveries, money and fun, but many other stayed behind, they didn't do anything and that is why diversifying is so important or just being wise when making a choice. It will be a combination of data, experience, intuition and I have to say it but even luck. The market continues to evolve. It becomes more complex each time, it becomes harder. If you are in it for the money the only solution will be dedication and hard-work, or maybe trust... But even trusting can be tricky because you have to choose the right person, one that is putting in the hard-work and dedication. It will be fun though, just remain open minded. The bigger pairs/projects can be used for leverage while the smaller pairs can be used for spot. Namaste.
by AlanSantana
14