Cardano (ADAUSDT) Elliott WaveHello friends
In Cardano digital currency (ADAUSDT) after a bearish impulse wave that was predicted in the previous analysis, we expected price growth, both of which were realized.
Now we see a 5 wave and a complex correction in the dominant WXY.
We call these 5 waves micro wave 1 and the corrective wave a complex zigzag.
Of course, maybe these 5 microwaves are wave A and zigzag wave B, but in both cases, the price should grow.
Now another small wave and another small zigzag can be seen, which I call waves 1 of 3 or C and zigzag as wave B.
In both cases, the price should increase and a buy trade can be planned.
Stop loss can be the range of $0.38, the first target is the range of $0.45, and the second target is $0.52.
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ADAUSDT trade ideas
Cardano (ADA) Elliott WaveHello friends
In digital currency Cardano(ADA) we are witnessing the formation of a 5-wave Elliott pattern.
Waves 1, 2 and 3 have been formed and completed.
Wave 4 is forming.
According to the formed pattern, we are probably facing a triangle, which is very common in wave 4.
Therefore, to complete this pattern, we expect to have a growth up to the range of 05000 in the dominant wave... and then wave 5 will start.
At the moment, you can enter a buy trade and reach 0.4140 with a stop loss, and consider the profit limit at 0.4980.
Then, when the price reaches the range of 0.5000, we can enter the sell trade with a loss limit of 0.5250 and a profit limit of 0.3500.
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Be successful and profitable.
How bright is the future of #ADA ?CRYPTOCAP:ADA 1W chart;
If I were a big investment company and I wanted to invest in the Layer1 space, which one would it be and why?
* Technology and Innovation
* Ecosystem and Community
* Application Areas
* Governance Model
* Reliability and Transparency
The Cardano CRYPTOCAP:ADA , which holds it all and has yet to shine this year
Cardano (ADA): Back At Entry / Possible Rejection?Cardano is back at our original sell zone after showing us a nice small correctional movement.
As of now, we are looking for small sideways movements or slight bullish moves, which would end up with a further correction to fill those bullish ladder zones near our target zones so eyes open!
Swallow Team
ADA update (Buy Setup)This analysis is an update of the analysis you see in the "Related Ideas" section
The price did not reach the red range of the previous analysis to enter the sell/short position.
If the price reaches the red range again before reaching the green range, we can look for sell/short positions.
Now we have prepared an update for ADA.
A trigger line has been broken and a support zone has formed at the bottom of the chart.
On this range, you can look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Cardano to Rekt City. 0.3950 Likely todayCardano is currently bearish from weekly all the way down to 1hr timeframe.
Therefore probability for further selling is quite high since everyone is selling.
I'm waiting to get an entry confirmation in this area around $0.415
My target is $0.3950. Depending how structure develops in the next hr or so might be able to get a 4.5-5RR trade setup.
This trade aligns with my trade plan which is profitable and average at least 60% hit rate when followed fully.
I trade based on market structure, candlestick analysis, trend, support and resistance, specific times of day and volume analysis with occasional chart patterns,fib, and 50 sma confluence.
The goal is to short Lhs and long HLs. This ensure the odds are in my favor always with good risk to reward and fixed risk % for consistent profitability.
I'll post here in the comment when I enter the trade if it's still valid.
ADA/USD secondary trend. Wedge. Mirror level.Local trading situation. A wedge is being formed. The price is at its resistance. Local targets in case of a breakout, as well as in case of further formation of a wedge in the zone of previous accumulation (redistribution is more correct).
It is also worth noting that the price is also near the accumulation - redistribution range (the average price of the set is highlighted in green).
This redistribution zone is accumulation on a larger scale of the chart
Main trend. 1 month
ADA/USD Main trend
ADA/USD Main trendThe main trend (to understand where the price is and what is the general trend). Logarithm. Timeframe 1 month. Price in a secondary downtrend is approaching a mirror support level (marked in yellow, former resistance).
Against the dollar on the monthly timeframe, there is now a large bowl with a handle, which I have displayed on this chart.
Pump/dump news.
Cardano's developers have activated the Vasil hard fork on the testnet. The Vasil hard fork was successfully completed on the Cardano testnet.
Vasil will enable faster block generation and increase the scalability of decentralized applications (DApps) powered by Cardano.
Vasil is expected to launch on the mainnet in about a month.
In other words, if the market allows, then in about 1 month a local pumping (trend reversal) is planned, if the market is sluggish, then Vasil will be canceled for some far-fetched reasons or the event will not be widely advertised.
Remember when the US congressional elections.
The same parameters on the line graph.
Secondary trend. Downlink zone. Timeframe 3 days.
ADA/USD Secondary trend.
Local trading situation Timeframe 1 days.
ADA/USD Local trading situation
ADA /USD Main trend. 07 2024Logarithm. Linear chart to remove market noise. Main trend to understand the zone for work.
The asset is at a huge percentage of pumping from the last cycle, but the decline occurred from the peak at -91% and there was re-accumulation. Locally, a descending wedge is formed.
Secondary trend for work.
ADA/USD secondary trend. Wedge. Mirror level.
ADA 60% Price Increase On The Horizon#Cardano has had lazy price action compared to other layer 1s.
Right now it's still struggling to stay above key support. Once we can trade above the support and maintain it, my target will be the top of the range 60% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
ADAUSDT - In Bullish Trend (ABCD Bearish Harmonic Reversal)ADAUSDT can be seen in a bullish trend. Also an ABCD bearish harmonic reversal has been plotted to determine the possible range of the bull run till it reached PRZ. A pending order of buy stop is placed with expectation of hitting TP1 and TP2 (green horizontal lines).
The Signal is:
EP: 0.4303
SL: 0.4111
TP1: 0.4495
TP2: 0.4687
RR: 1%
Lots: 47.19
This is lovely to see As I mentioned earlier BINANCE:ADAUSDT showed a great impulse and is waiting for an opportunity to enter a long-term Long position either Spot or Futures. I think the time has come and the signs are obvious.
1. Break of Structure ( made higher high ) in a daily timeframe
2. MACD divergence.
3. Volume is decent and looking good.
4. In early March made a higher high in a weekly timeframe ( BOS )
If you don't know where to take profits I suggest you look up my last idea on BINANCE:ADAUSDT
ADA Buy Trade Idea: Leveraging Cardano's Strong FundamentalsDescription
Cardano (ADA) offers a strategic buy opportunity, driven by its robust fundamental strengths. Cardano is a third-generation blockchain platform that emphasizes security, scalability, and sustainability. Utilizing a unique proof-of-stake consensus mechanism known as Ouroboros, Cardano provides energy-efficient and highly secure transaction processing. The platform's multi-layer architecture separates the ledger of account values from the reason why values are moved, enhancing flexibility and security. Cardano's commitment to rigorous academic research and peer-reviewed development ensures a solid foundation for innovative applications, particularly in the realms of decentralized finance (DeFi) and smart contracts. These attributes highlight ADA's potential for growth and long-term value.
Disclaimer
Trading and investing in cryptocurrencies involve significant risks and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Cardano (ADA): Keep An Eye On 100 EMACardano is next on our watchlist, where the price has made a nice bullish movement, and afterwards we have been stopped below 100EMA, seeing struggles to break this zone there.
We are now looking for a possible rejection to happen, which would result in a movement to lower zones here, but if we manage to break EMAs, we will be looking at a completely different movement on Cardano!
Swallow Team
ADA FINAL TECHNICAL ANALYSIS [ SWEET ZONE FOR BUY ]What a huge dump from the Market but we are going to look the over all move of Market in Macro view we are in the bottom point of wave 2 and the beginning point of wave 3 which is a high probability of rally we are expecting a 7 dollar price hit in year 2025