Buy low riskset and forget the inverse head and shoulders pattern
My opinion may be completely wrong
ADAUST trade ideas
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle.
It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life.
The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort.
Keep an eye on this trade!
ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
_______________________
BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
Potential Price PumpCardano's price is in a triangle pattern with a resistance at $0.49.
If Cardano breaks the resistance at $0.49, it will likely lead to a price pump.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Cardano ADA Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
ADA One of a Life-time Opportunity investment ADA One of a lifetime opportunity investment
Most investments in this period of all markets are considered a one-of-life-time opportunity investment before markets start rallying.
ADA setting up for a once in a lifetime backtest...ADA looking for major support.
SFP of the low, its also a monthy support orderblock backtest. many level to level trades, but a support confirmation would confirm a major monthly adam & eve bottom with very high fib retracement levels.
Possible W pattern?Just an observation....
Possible W pattern taking it up to 0.60 ... After that who knows.....
Cardano Prepares for 60% CorrectionThere's still something about Cardano that appeals to me, I'm not so sure what it is, but at this point and time, it surely is not the chart. Cardano holders should prepare to see a hefty 60% correction in stock price during 2024.
Best place to buyWe are at the end of wave C from wave 2 and ready to start the big wave 3. I entered the buying position with the specified s.l
This is what I did and it may be 100% wrong, but I accepted the loss.
ADA/USDTBig opportunity is in front of your eyes. In my opinion, wave 2 is completed and I will buy for wave 3 with the targets indicated on the chart. The game of altcoins has just begun.
ADAUSDT.1DThe daily chart for Cardano (ADA/USDT) displays a fluctuating price movement with critical levels outlined. Currently, ADA is trading at $0.4662, having faced significant resistance at the $0.5263 mark (R1). The next major resistance level (R2) is situated at $0.6852, which marks the upper range of the price movement in this period.
The support structure includes a primary support level (S1) at $0.3606, with a further support (S2) at $0.2255. Observing ADA's price behavior around these levels could offer valuable insights into potential reactions in future sessions.
The RSI indicates a value of 41.63, suggesting a slight bearish bias as it is below the midpoint of 50. This could signify that there might be more room for downward movement unless a reversal signal appears. The MACD is close to the signal line, hovering just below it, indicating a lack of strong momentum but a possible preparation for a direction change if it crosses above the signal line.
For trading, watching ADA's interaction with these key support and resistance levels will be crucial:
A recovery and sustained movement above R1 could indicate bullish potential, possibly aiming for R2.
Continued pressure and a break below S1 could warn of a move towards S2, indicating stronger bearish momentum.
Traders might consider entry points for buys near support levels with a tight stop loss if reversal signs appear. Conversely, a break below support might be used as a trigger for short positions, aiming for lower targets while monitoring for any potential reversal signs that could invalidate the bearish outlook.
ADA ready for bull run?We have 2 Cardano charts: ADA in 2020 and now. We have very similar formations. The first serious rebound from the bottom and a 50% correction in both cases. The only thing that bothers me is that now we have seen a large volume at local highs. The price has come to the support zone and may stay there for some time after a sharp decline. But I wouldn't be surprised if the same scenario repeats. I'm not rushing to buy, just wanted to share my observation and one of the very likely scenarios. It is possible that the whales will act according to the old scheme.
✴️ We Are Good Long-Term | Cardano Headed Towards $7.70 - $8Good day my dear friend, how are you doing?
See, Cardano has been red for three weeks. Two weeks actually but this week starts red and is likely to end red.
Seeing three consecutive red weeks can mean a correction is about to develop, we can deduct this based on multiple signals. This is ok.
This projected/potential correction is only a short-term event.
It can be a "mid-term" event but this part is hard to predict.
The correction can last an entire month just as it can last 3 months.
➖ 1 month = short-term.
➖ 3 months = mid-term.
Now, this is great because it allows for profit taking, new entries and better prices.
The market always fluctuates... In fact, this is necessary for trading to exist.
Straight up or straight down would mean no market and also an impossibility.
We know the market cycles because life cycles.
Nature is full of cycles indeed and everything goes through cycles in this wonderful reality in which we live.
The easiest and most dominant cycles of all is based on the moon and the sun, night and day. Just as we invariable go through these changes, up and down, light and dark, night and day, the market does the same.
Once the correction is over we can expect massive growth so that Cardano can complete its bullish phase.
👉 We are looking at a potential target of $8 as the next All-Time High.
👉 It can hit $7.70 and peak there. On the other hand, even beyond $8 is possible.
I saw a strong target/resistance around $4.40 but that would be small for Crypto... We need to stay alert and vivid of course because the market can surprise and sometimes the action/energy can move to new projects and some projects can perform worse than projected/expected.
So far, everything has been great.
Bitcoin went beyond all expectations and the smaller Altcoins and ALTSBTC, which suffered for years, are back on the green.
This is all we need.
Move up, keep up, step up and grow, while we trade and win.
Trade and win.
Trade to win!
And yes! My dearest of friends...
Enjoy the profits!
Namaste.
Cardano (ADA) Market UpdateCardano (ADA) Market Update
Currently, we're observing the 15-minute timeframe for ADA as it tests the 200 SMA. We're anticipating a potential bounce off this level, though much depends on Bitcoin's next moves.
Market Context
Similar to the recent Bitcoin situation where it tested key resistance levels, ADA's performance is closely tied to Bitcoin's market behavior. If Bitcoin experiences a rejection at its current resistance, it could influence ADA to retract rather than bounce. Conversely, a Bitcoin breakthrough could bolster ADA's chances of a successful bounce from the 200 SMA.
Possible Scenarios for ADA
Bounce: If Bitcoin stabilizes or climbs, ADA could bounce off the 200 SMA, presenting a buying opportunity.
Retraction: If Bitcoin faces rejection, ADA may struggle to maintain its position at the 200 SMA and could drop.
Trading Strategy
Monitor Bitcoin closely as it will provide cues for ADA's next movements. Consider waiting for a clearer signal from Bitcoin's activity before trading ADA. Set appropriate stop losses to manage risks associated with these correlated movements.
Note: Stay updated on both cryptocurrencies to make informed decisions.
ada need donors to develop right shoulder in this chart i observe ada is forming right shoulder
what do you think ? let me know in comments
Alikze »» ADA | The scenario of wave 3 or C rising super cyclesAccording to the analysis of the previous post that was presented in the 8h time, according to the cup pattern, it made a growth as high as the height of the pattern valley, after which it encountered supply.
💎 But in the weekly time, due to the fact that it created a reliable floor in the golden zone of the previous wave, it faced demand.
💎 Currently, this return wave can be a pullback to a broken structure and a swing, which should meet good demand in the 39 cents area.
💎 First scenario: Therefore, according to the structure and movement behavior, it can have the first target of 0.8789 to 0.9766 by maintaining the green box area.
💎 Alternative scenario: if the range of 39 cents is broken, it can retest the floor of the range of 23 cents 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.
Sincerely.❤️
»»»«««»»»«««»»»«««
ADA will create a chance to turn your life aroundHello friends, did you have a good day?
I'm going to show you a shocking and amazing chart today
It's a log-chart.
There's a way to read the ideas of the forces by applying a little bit of technology in the Fibonacci extension.
It's the SECRET of 0.1 and 0.236
0.1 and 0.236 are places where there is a fight between selling and buying, and have consolidation.
When it breaks out 0.236 upward, it can reach 0.618 (5.3135) and If it succeed in retesting beyond that, it can reach the 1 value of 38.3173.
If you take a long position at a 10x from the current point and chart goes to 1 value,
ADA: Channel Down EmergingTrade setup : Price is in downtrend, trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
🐳Cardano will Go Up Again🐳Hi.
BINANCE:ADAUSD
✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Starting 5th waves.
✨Targets are:
🎯$0.52
🎯$0.57
🎯$0.62
🎯$0.685
🎯$0.73
🎯$0.775
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA (CARDANO) 500% EXPLOSIVE MOVE IS GOT A DEADLINE DATE
First it was all downtrend since September 2021 till October 2023 (over 2 years) with a drop of over 90% then created a temporary support before breaking down. Ever since price tried to recover several times but got rejected even after breaking out of the Descending Channel and then we saw the retest of the channel exactly a year ago before flipping the resistance December last (which is clearly a Change of Character) year and ever since price have been finding support on the previous resistance.
The important part is that the switch in trend has created a complete Elliott Wave Impulse cycle and obviously we are currently in wave 2 which should end around the 60 - 70% Fibonacci zone (an extension to 90% is possible) creating what a Classical Analyst will call a Truncated Head & Shoulder Pattern.
I have already aped in BINANCE:ADAUSDT and already set a limit order below to DCA around the 60 - 80% Fib. This whole idea is invalidated one price retrace 100% from the last low created on the 10th of June 2023 which serves as the stop order. If average entry be $0.45, ADA should print at least 500% coming Alt Season.
OTHER ANALYSIS
