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ADAUSDT trade ideas

When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions. It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465) If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher. As always, we are waiting for your thoughts in the comments below the idea.
Long
by P_S_trade
18
ADA: 54 and a Half to 55 Cents Current Ceiling of ResistanceHi EVeryone! Cardano's current Ceiling of Resistance < According to the 2-Day and 3-Day time frames is the Yellow B-Band Basis in the 2-Day and 3-Day. Which is currently at $0.5450 to $0.55 Cents. The reason I say this is because the level of the Red Line in the 2-Day and 3-Day is still well below Yellow Level 50. Which means the probability is rather low to justify us going above the Yellow B-Band Basis for a sustained period of time. We're not ready to go above the Yellow B-Band Basis for a sustained period of time just yet. There is a low probability of continuing over-extending above the Yellow B-Band Basis but we must say the probability of that occurring is low due to the current level of the Red Line in the 2-Day and 3-Day time frames. 2-Day is bottom right of center and 3-Day is bottom right corner in the chart below: Hope this publication was helpful. Happy Trading and Stay Awesome! David
by WyckoffMode
6
ADAUSDT POSSIBLE WAVE 1/A COMPLETION Possible wave 1/A is almost completed There is divergence between wave 3 and wave 5 so this gives us a high probability of wave 5 completion but it is still possible for wave 5 to go lower . if the white trendline is broken , wave 5 will probably go as low as 0.4017. currently RSI is below 50 and momentum is bearish . price needs to break wave 4 high and RSi should read above 50 to confirm bullish momentum in order to confirm wave 5 completion. This idea will be invalid if price breaks 0.4017 and close below it . Good LUck
Long
by Alpha_54321
Long-Term Trade 120% Potential No LeverageTLDR: ADA finished its correction. The target for the next impulse is between 1.17 and 1.25 Dollars. Background: Between ADA October 18th and December 12th, 2023, ADA’s price rose 186% to 68 cents. Following this impulsive PA, ADA entered a correction that lasted 42 days with an overall correction of 35%. The proportion between the impulse and the correction from the time and price perspectives is ideal. ChoCh: ADA is about to cross above the 52-cent level, the last LH. If ADA crosses above the 52-cent level and retests it as support, I will consider it a bullish ChoCh and an early indication that the trend will likely change to an uptrend. S/R Levels: Resistance: 0.62, 0.68, 78-90, 1.25 Targets: The 1:1 extension is the Minimum Target. However, I expect ADA to achieve the 1.618 extension at least because I consider this a wave 3. Trade Idea: Entry: 0.52 SL: 0.48 Target: 1.15 TP: 0.68, 0.78, 0.90, 1, 1.15 R: R: 1: 4.23 to first TP NFA What do you think? Please share in the comments Best Wishes
Long
by NewThoughtCrypto
2
ADA's Descending ChannelCardano has exited the bottom of its trading range and entered a downtrend. This inference is made from the formation of lower highs and lows compared to previous ones, as well as the formation of a descending channel. Additionally, it is expected that the price within this channel will experience fluctuations. The blue box area is considered as a significant and credible support. If the price falls below this area and stabilizes under it, a considerable drop in ADA's price is expected. On the other hand, if this support area is maintained and an upward pattern is observed, it could indicate the potential for minor price growth up to the channel's ceiling. In conclusion, Cardano is generally in a bearish phase, but with the preservation of the key support area, there is a possibility for temporary growth.
by MonoCoinSignal