Testing the support level at the bottom of the triangleCardano is currently testing the support level at the bottom of the triangle. This key point can play a crucial role in determining the future price direction. If this support level holds, there is a possibility of an upward movement and a price rebound to higher levels. However, if this support is broken, a continuation of the downward trend and further price decline can be expected.
ADAUSDT trade ideas
Does Cardano have the potential to rise?📊 According to the buying pressure in the market, if the range of 0.470 units is broken and the price stabilizes above it, the price may increase to the range of 0.485🎯, and in the case of the strength of the range of 0.520 units🎯🎯.
📊 Otherwise, the price may drop to the range of 0.440 units.
Cardano (ADA): Rejected by 100&200EMA + Bollinger BandsCardano has had another successful rejection from 100&200 EMA and Bollinger Bands in a daily timeframe.
We are now at the middle line of Bollinger Bands, which was a logical move after a sign of overbought from the BB indicator.
Now that we are at that middle line, we are looking for a breakdown to happen, which would result in a movement back to lower support and a potential bounce from there!
Swallow Team
ADA Daily Chart Analysis - Long Target $0.62, Short Target $0.26NOT FINANCIAL ADVICE
TL;DR Bear Pennant / symmetrical triangle, No Trade Zone, wait for breakout. Long target is $0.62, short target is $0.26
BITGET:ADAUSDT has been trading in a symmetrical triangle (potential Bear Pennant) since April 13th. For me it's a No Trade Zone now, a breakout is needed to determine the direction of the next trend
Fairly respected fibonacci retracement levels highlight potential areas of interest
Disclaimer: The targets will change if a breakout does not happen soon, as they need to be measured starting from the breakout point
🟢 Bull Case
The target of a breakout from the resistance trendline 🟠 is $0.62, which is also where the breakout that led to the last leg down happened
Watch $0.58 (0.718 fib) as it is a previous key area and a High Volume Node which could offer some resistance
🔴 Bear Case
The Pennant target for a break below the support trendline 🔵 is $0.26, which is a previous key area and inverted 1.618 fib of the last leg down
ADAUSDT Short Term Roadmap 28-MayHello my friends
Cardano is getting squeezed to start a new move up.
The red lines indicate the range of the daily price range
According to the chart, I am looking for a suitable setup for a long position in the specified range
The confirmation will be done in 15 minutes
This post will be updated, please let me know what you think about it
ADA long setupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADAUSDT - Possible breakout of resistence on 1h TFIf we close bullish candle above resistance, then successfully rest our resistend we can expect higher bullish movement, who can give us good opportunity to long position with reasonable RRR. But for this idea we need wait little bit for multiple confirmations as mentioned.