ADA , potential bottoming?Cardano (ADA) is forming a potential bottom, with $0.31 having been tested twice and holding strong. A breakout above $0.40 is awaited, with the next resistance at $0.45, which coincides with the 200-day moving averageLongby EL_STOCKTROOPERPublished 0
Cardano (ADA) — Worth WatchingAfter months of a downtrend, ADA seems to have found a bottom. Finally, slightly above the $0.30 level. Moreover, ADA printed a higher low on the daily timeframe, signaling buyers are stepping in at this level. However, it's definitely not time to rush into a trade yet. In this post, I will explain everything you need to know to set up a proper trade. So, let's dive in! 1️⃣ Key Resistances to Watch Let's start with the most important: ADA is approaching three critical resistances converging in the same region. ‣ EMA 200: ADA has been trading below the 200 EMA for months, with multiple failed attempts to break through. ‣ Upper Trendline of the Descending Channel: This trendline has been ADA's primary resistance during its downtrend. Breaking out of this channel could trigger a significant move. ‣ Recent High: ADA’s previous high aligns closely with these levels. 2️⃣ Trade Setup If ADA can break above these three key levels, it could spark a massive rally. But until that happens, it’s too early to enter. ‣ Entry: Wait for a break and close above $0.42. This level will confirm the breakout from the EMA, the descending channel trendline, and the previous high. ‣ Target 1: $0.50 — First logical resistance after the breakout. Offers a potential ~20% gain. ‣ Target 2: Slightly below $0.60 — Stronger resistance and a potential 40% gain from the $0.42 entry. ‣ Stop Loss: To manage downside risk, a safe stop could be placed below $0.38, just under the recent higher low. 3️⃣ Volume Insight The volume will be crucial in confirming any breakout. If ADA can push through these resistances with a significant increase in volume, it could trigger a longer-term trend reversal. However, without volume support, the chances of a false breakout increase. In summary, the technical setup is compelling, but patience is key. Wait for a confirmed breakout before entering. If ADA can push through $0.42, it could signal the start of a strong rally.Longby ben_waltherPublished 5
ADAUSDT potential drop from the Resistance zoneADAUSDT shows a bearish trend on the daily chart, though it currently appears to be in a consolidation phase, similar to the broader sideways movement in the crypto market. The price has formed a range below the 0.35 resistance level, suggesting a potential decline to retest the support areas. The appearance of a doji candle on the daily timeframe indicates a pause in the recent upward movement, even with the overall bearish sentiment. The price could drop into a consolidation zone between 0.30 and 0.34 as the market looks for stability. The target is the support level at 0.3250Shortby RTED_InvestingUpdated 1
Cardano (ADA): Possible Huge Selling OpportunityWe had so far a nice successful re-test of broken 200EMA, which might turn into another re-test and then an upward movement of 14%. The bigger goal is, of course, the rejection from major zones so let's see how it will develop!Short03:59by SwallowPremiumPublished 9915
Cardano in high time frame Hi traders, It's my opinion based on SMARTMONEY concept. Next level is 0/5$ for price. Through this level consider price more and will decided for next level .Longby somayehbasiriPublished 1
ADA USDTADA is a breakout from the descending trend line. All the levels are marked on the chart take your entries accordinglyLongby TheCryptoCityPublished 2211
ADA 1H - 4H Area to watchADA 1H - 4H Area to watch Possible pullback in this area to 0.33 - 0.36 to gain momentum and definitively break the current bearish channel that has been marking the evolution of the price since May 20. As always in these cases, we have to analyze what the price does. If it breaks upwards we will position ourselves bullish, but if it breaks downwards, we can buy ADA at the support of the triangulation waiting for an impulse that breaks the resistance. In case of losing the base of the triangulation, we will be out of the value waiting for new signals. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in development and will soon be ready for BETA testing. FOLLOW ME, and I will keep you informed of the progress we make.Longby DeuXfiPublished 1
ADA historical comparisonIf this is the truth, today's abc pump was poorer and bear c is coming. September can be painful. Only a historical comparison and the possibility of bearish market psychology. Can be wrong MDShortby MoralDiscipleUpdated 227
Adausdt trading opportunityADAUSDT corrective phase persists, with the price having recently emerged from a falling wedge pattern. Subsequent to this breakout, the price has entered a phase of consolidation. It is anticipated that there will be a retest of the designated BUY BACK ZONE. Achieving this zone sets the stage for the price to ascend and challenge the established strong supply zone. Vigilance is advised regarding the primary trendline depicted on the chart, as a price descent through this trendline could trigger a shift towards the critical demand zone. Further updates will be disseminated as the price action unfolds. Your engagement through comments and appreciation of our work via likes is welcomed and appreciated. Thank you.Longby wesladUpdated 6661
ADA/USDT Price PredictionTrend Prediction - ADA/USDT Forecasting Resistance and Support Lines **** Yousef Sharafi **** Follow me here for more analysisby TraderAI2050Published 16
Target 0.43Following daily and weekly chart and got a long signal. TP1 0.367 TP2 0.43 SL Stop under 0.33 candle closeLongby omurdenPublished 4
!!! Cardano New Update !!!Here is new update on my favorite ( Cardano ). The structure and the market condition illustrates a bullish move for the whole market, especially Cardano that had a massive correction. ...... Weekly Chart: Longby OmidBK2003Published 16
ADAUSDTRisky short since Crypto is pumping Bearish pattern breakout Retest on major resistance Rejection on resistance Still on bearish ZoneShortby FFxGrahamsPublished 2
ADAUSDT - Long TradeOn Monday (manipulation day) price swept previous week low (PWL) with a great sign of strength - market structure break (MSB). As a target, I prefer the opposite liquidity pool (equal highs) to the previous week high (PWH). Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!Longby Maks_KlimenkoUpdated 11
Inverse Head and Shoulders ?The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a similar height. If ADA/USDT forms this pattern, a breakout above the neckline—drawn through the peaks of the two shoulders—would increase the probability of a bullish move. Traders often wait for a confirmed breakout with significant volume to gauge the strength of the reversal, with the pattern's target price typically being the distance from the head to the neckline projected upwards from the breakout point. However, external market factors and overall cryptocurrency sentiment should also be considered before concluding the likelihood of a strong upward move.Longby afktradersPublished 1113
Ada almost thereLast one was stopped. Crazy times ahead but I will make full risk position soon.Longby wratislavianPublished 112
ADA BEARISH PATTERN Hi dear traders ADA has formed bearish pattern. If pattern confirmed, we expect to reach the specified targets. Let's see what happens This is not financial advice ( DYOR ) Good luck 👍Shortby Th57TraderUpdated 7
Short / Sell ADAUSDTPossible Entry: 0.3397-0.3344 TP1: 0.3277 TP2: 0.3210-0.3076 SL: 0.3478 i always move SL to BE after profit more than 20%-50% Chart pattern look nice for me, possible up to 0.3397, then continue to fall, overall look bearish for meShortby AzsaefPublished 222
Could Cardano price go to USDT1.9840 in 2024?Current Cardano or ADA price is USDT0.6813 as per 29 Feb 2024. Currently the price of all Cryptocurrency is going up due to the approval of Bitcoin spot ETF in the US and the anticipation rally of the Bitcoin Halving in some time around April 2024. These are the current strong tailwind driving the Cryptocurrency market higher before the Bitcoin Halving. If there is no Strong Headwind coming into play on the FED's FOMC in 20th March 2024 and all the FOMC meeting this year. Then there could be a most likely case for a Bitcoin Halving rally this year. If FED's FOMC decision to cut rate remain as per the January 2024 meeting with 2 to 3 rate cut this year around 50 basis to 75 basis point. Then FED will decision on FOMC will not be a strong headwind. However, there might be others coming event will be a strong headwind for cryptocurrency market example like more wars in the world or geopolitical tension involving the USA. The potential mild recession in the USA (not very likely due to current Data in Jan 2024). I am waiting for a bad PCE number today for this price of Cardano to drop to around USDT 0.5711. The price might also go lower to USDT 0.4584 if the Feb 2024 CPI, PPI and PCE numbers are hotter than expected. There might be potential some pull back even when the Fed's FOMC direction remain unchanged of 2 to 3 rate cuts. A dip. This year peak could be at USDT1.9840 if not strong headwind appears in Q1, Q2 or Q3 but appears in Q4. If no strong headwind appears the price could even breach the previous record high at USD3.10 (roughly around there). Trader should by the dip for Cardano from March 01, 2024 to March 20, 2024. If no bad PCE news then just buy now and keep the token for Bitcoin Halving rally.Longby juntech8Updated 8
ada bullish ideabottom hit accumulation done then breakout happened now retesting the accum range . if alt rally happens conservative target is on the chart by Furicane4123Published 2
ADA - It will happen, but not yetADA is not ready for lift up but it should happen starting 2025. However, 0.22 should not be broken under any circumstances, otherwise ADA could visit 61.8% at 0.13. The structure looks good for a rounded bottom with the tipically Mount Everest in the middle.by MafeoFerrariPublished 14
ADAUSDT.1DExamining the daily chart for ADA/USDT, it’s apparent that Cardano has undergone a period of considerable decline followed by stabilization. The chart reveals a clear descending trendline, with price peaks progressively lowering, indicative of a strong bearish trend. The price currently hovers near $0.3530, with evident support around the $0.2786 level, marked as S1. This support is critical as it has previously prevented further declines. The resistance levels are defined, with the primary resistance R1 at $0.4634. The price action around these levels suggests consolidation with a potential for either an upward breakout or further downside if the support fails. The Moving Average Convergence Divergence (MACD) shows the MACD line below the signal line and close to crossing back, which can often suggest a potential shift in momentum. However, the negative values imply bearish pressure remains. The Relative Strength Index (RSI) is around 45, indicating neither overbought nor oversold conditions, suggesting a lack of strong momentum to drive price significantly in either direction. In summary, ADA/USDT is in a critical phase, consolidating within a bearish trend. A decisive movement beyond the established resistance at $0.4634 could signal a reversal and potential bullish upturn, while a break below the support at $0.2786 may extend the bearish trend. Given the current market conditions, my strategy would involve closely monitoring these levels for signs of a breakout or breakdown, allowing for tactical entries based on confirmed movements beyond these key thresholds.Longby MarsSignalsPublished 111
ADA Ending DiagonalADA Ending Diagonal Back to the drawing board with ADA, since the downtrend simply doesn't give up. I'm considering that we are in an ending diagonal, which would take us to another lower low beyond green wave III (at 0.2756). The lack of RSI divergence of wave III supports this view.Shortby Stoic-TraderPublished 2