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Cardano / TetherUS

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ADAUSDT trade ideas

Cardano: How To Approach This Pair? What To Do Now?Cardano is not in the same situation as many of the Crypto-giants, we can clearly see that it is already trading at bottom prices compared to the others, so, how do I approach this pair? Is it too late to sell? Should I just hold? Here is the thing, Cardano is not trading at the same levels at which it traded back in February or March 2024 like Bitcoin or Binance Coin, instead, it is consolidating at the same November 2023 level. The early August 2024 drop wick activated the same prices at which ADAUSDT traded in August, June and July 2023, only the September and October 2023 support levels remain untested. The question to answer is how to approach this pair. The drop is already quite advanced and we can say that 80 to 90% of the correction is already over for this pair. For a really big holder, selling here can be risky. A really big holder would be wiser to enter the accumulation mindset. A new drop on Bitcoin and a major marketwide flush would still push Cardano lower, but this wouldn't be a super strong drop and it would be a super quick drop lasting only a few days or maximum a few weeks, then we would see a long-term recovery. (Even though a wick can pierce the last major low, but this wouldn't change the bigger picture.) So I wouldn't recommend selling here because I already recommended selling, many times, around March 2024. Prices are already pretty low for ADA, we are already in the accumulation zone. For this pair, we would buy always focusing on the long-term. Buy now and hold. If it drops, buy more. Then buy, buy, buy, buy, wait, buy, wait, until the next bull-market enters in full swing. If you didn't sell, I would say it is too late. But a short-term trader can do some risky moves here but there are other pairs in a better situation for a SHORT trade. My map says another drop. Slow recovery action between November-December-January-February and maximum bullish speed in March 2025. So we still have plenty of time. If you held this long, waiting a few more months won't make much of a difference. If you have to buy, you can wait a bit longer and better price might be present in a matter of days. So either bear or bulls are recommended to wait. ➖ Short-term action calls for more consolidation with bearish tendencies. ➖ Mid-term and long-term action calls for sustained growth. Namaste.
by AlanSantana
9
Cardano #ADA: Potential Breakout Alert!In the current daily chart of #ADAUSDT on Binance, we can observe a descending wedge pattern forming over the past few months. The price has been consolidating within this wedge, which is typically considered a bullish continuation pattern. The potential breakout from this pattern could result in a significant upside move, possibly targeting the 0.7876 level, representing a potential 128.23% gain from the current price level of 0.3392 USDT. This setup could indicate a strong buying opportunity as the market anticipates a reversal from the recent downtrend. Keep an eye on the breakout level, as a confirmed breakout with increased volume might signal the beginning of a new bullish trend for Cardano. ⚠️ All trading ideas are published with a time delay. If you want to follow the trading in real-time, please follow the link:
Long
by S_CAPITAL
ADAUSDT / M15 / SHORTADAUSDT may fall from the Bearish Order Block Bearish Order Block: 0.3531 and 0.3520 ADAUSDT is approaching a bearish order block. If the price touches this area, we can anticipate a potential downfall. There is a high probability that the coin will decline after hitting the order block. Let’s monitor what happens next and how the price reacts. I used Smart Money Concepts (SMC) to analyze this chart for a more accurate prediction. Entry Price :- 0.3520 Take Profit :- 0.3461 Stop Loss :- 0.3579
Short
by PraveenTrader1
Cardano updatethe price is overall bullish and last night I shared an update about the previous day and week's highs getting swept. the price will take a while to go and actually reach that zone for possible sales and we can take advantage of this bullish move. the price took external liquidity and currently heading to take the external low as well( E to E sweep). so this a very risky trade due to price can easily run the liquidy and go deeper. but I set a limit after the sweep of the weekly low that has not been yet swept, for a possible bullish momentum toward the upside. targeting 1:2 and stop loss below the previous week's low. this is not a piece of financial advice just my personal opinion. Best of luck traders.
Long
by IEatGreenPaper
Cardano restest to 0.3 till next year and create double bottomCurrent Price: $0.3637 (as of October 22, 2024) Pattern: Potential double bottom formation, indicating a possible trend reversal if confirmed. Key Support: Major support at $0.305 - $0.311, a critical area to prevent further downside. Key Resistance: First resistance at $0.40 (near the descending trendline). A break above this could trigger a bullish move. Further resistance at $0.65 and $0.78. Momentum Outlook: Expected bearish or sideways movement until December 2024. A possible trend reversal in January 2025 if the double bottom plays out and price breaks above $0.40. Bearish Risk: Breaking below $0.305 could invalidate the pattern and push prices lower toward $0.20.
Short
by cryptoholic1010
1
ADAUSDT: Trend in weekly time frameThe condition of Cardano (ADA) coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for Cardano. Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas. So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive. Be careful BEST MT
by MT_T
1
Alikze »» ADA | Upward wave 3 scenario - 12H🔍 Technical analysis: Upward wave 3 scenario - 12H - In the analysis presented earlier in the weekly time frame, after the correction in the green box, it is currently in the range of the green box, which can continue its upward trend if it stabilizes above the green box. - In the 12-hour time frame, it is moving in an ascending channel, so far it has reacted positively to the dynamic trigger of the bottom of the channel several times. - Currently, a motivational wave has been created in the area of ​​the bottom of the channel, which can continue its advance until the middle of the channel and the supply area. 💎 According to the previous zigzag movements, the recent correction in the bottom of the channel has been a response to the AB=CD movement cycle. ⚠️In addition, if the Invalidation LVL area is touched, the ascending scenario is invalidated and must be updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ADAUSDT
Long
by alikze
Cardano / ADA Cardano price today is $0.37with a 24hour trading volume of 610 million dollar. ADA price is up 3% in the last 24 hours and 45% up since last month what is cardano? well, cardano is a proof of stake blockchain cryptocurrency founded in 2017 by Charles Hoskinson, who also co-founded Ethereum. The Cardano blockchain was created for decentralized application distribution and it hopes to solve issues such as scalability, interoperability, and sustainability. Smart contracts are also adapted in the design of Cardano to ensure the blockchain platform can run independently without the need for any professional or third party oversight. now lets talk about ada price as you can see Ada stuck in a blue channel and bulls trying to break it and back to 0.41 which is another important resistance, if ada breaks it then 0.45 and 0.49 are next targets
Long
by moonypto
21
When everyone is busy on other alts, ADA cooking its own MOVE!↑↑I'll simplify on this one -- reflective of ADA's non complicated nature. KEY NOTE: WEEKLY Price Yearlong standing price support -- currently bouncing off it with accuracy. WEEKLY NET VOLUME surge. Weekly Histogram Higher Lows. Thinning movements on the lower price range -- HUGE HINT. Currently sitting just above 1.0 FIB level -- beyond bargain / discount. THIS IS RIPE for BIG MOVES. A bottom fish opportunity that doesn't come very often. Previous ATH target will not be far-fetched. Spotted at 0.29 TAYOR Safeguard Capital always.
Long
by JSAL
7
Descending TriangleThe Cardano (ADA) chart currently shows consolidating within a compressed descending triangle, characterized by lower highs and higher lows. Recently, there was a false breakout on the upside, but the price failed to hold above and returned to the range. Given the current market conditions, a confirmed breakout above the triangle could signal strong buying momentum, leading to a significant upward move. This bullish movement could occur as buyers accumulate the necessary liquidity to push the price higher. If this breakout is confirmed, we could anticipate further upward targets. However, if the breakout is not confirmed and the price continues to range within the triangle, we should expect more price fluctuations and potential consolidation.
by MonoCoinSignal
Cardano Faces Resistance, Will It Follow Bitcoin?Today we saw Bitcoin producing a strong move upward. Is this move a bull-trap or the start of a major bullish wave? When Bitcoin goes bullish, the Altcoins turn bullish. If Bitcoin is set to move up for weeks and months and hit a new All-Time High, the Altcoins market, projects such as Cardano, would respond with maximum bullish momentum and growth. Maximum growth is not present on this chart. Cardano (ADAUSDT) is right now facing resistance below EMA144 as the day turns red. Trading volume is really low and there is no significant bullish action. We saw something similar with XRPUSDT, PEPEUSDT, SOLUSDT, TRXUSDT, TONUSDT and other major Cryptocurrency trading pairs. If Bitcoin was set to hit a new All-Time High next, we would see these pairs breaking resistance and closing full green. Seeing these pairs producing a red candle today with no volume is a warning signal. Bitcoin can be producing a bull-trap, a false breakout before one major drop. This is revealed by the fact that the Altcoins market is not responding to Bitcoin's growth. Cardano seems bearish below resistance. Thanks a lot for your support. Namaste.
by AlanSantana
Ada / Usdt BINANCE:ADAUSDT In the ever-evolving world of cryptocurrencies, Cardano (ADA) found itself at a pivotal juncture. Traders were keenly watching as ADA respected its support level around 0.3454, a vital threshold that suggested a strong underlying interest. As the price oscillated, the next resistance level loomed at 0.3654. If ADA could break through this barrier, it could ignite a rally toward the next targets at 0.3893 and even 0.4200. But the market is full of surprises. If ADA failed to hold its support, traders were aware of the potential risks. As always, the community reminded each other: “This is not financial advice; make sure to do your own research and tread carefully.” And so, the journey of ADA continued, filled with hope and uncertainty in the dynamic realm of crypto trading. Remember, this is not financial advice. Always do your own research before making any investment decisions!
Long
by Wolftrader1337