ADAUST trade ideas
TradeCityPro | Cardano : On the Way to a New ATH👋 Welcome to TradeCityPro!
In this analysis, I will review the ADA coin for you. The Cardano project is one of the major projects in the crypto space and has been among the top 10 coins by market cap for a long time.
📅 Weekly Timeframe: Moving Towards ATH
In recent weeks, ADA has shown a strong upward trend, forming significant lows that serve as support levels for the price.
📈 Currently, the price is struggling with the resistance level at 1.2046, and if this level is broken, the next major resistance will be the ATH.
🧩 The RSI oscillator entered the overbought zone during the price pump, reaching 82.87, and is now in a corrective phase, moving below the overbought level.
📊 The buying volume in recent candles has been substantial, supporting the trend and showing convergence.
🔽 In case of a correction, the first support level is at 0.7683, which the price has already reacted to once. If a deeper correction occurs, the last support for this bullish leg is at 0.4322.
✅ The primary support levels are 0.3166 and 0.2427, which are critical and unlikely to be easily lost.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ADA. Spot Entry Alert: Perfect Fibonacci Reversal! 12/24/24BINANCE:ADAUSDT
The market experienced a pullback, with the price returning to the lower boundary of the range. After breaking its support, it moved to a high-volume level, where strong buyers were present. Additionally, a proper Fibonacci correction was achieved, which might signal a potential reversal and an attractive spot entry point.
The $0.9388–$0.9088 range appears appealing for purchases, with targets at $1.2350–$1.3264.
DYOR.
Ada the fastest blockchain in the world.Ada recently demonstrated a whopping 1 million TPS. I’ve always been a fan of Cardano for its reliability. With unlimited potential and adoption Ada can see a significant rise against usd in the coming years. I don’t believe in EOY predictions simply because manny obstacles stand in the way of crypto adoption. DYOR!
Cardano (ADA): Possible 10% Drop Coming!!!Cardano coin has a good possibility to break a local resistance on smaller timeframes and move to the major support zone on the daily timeframe, which would result in a nice 12-15% of market price movement!
More in-depth info is in the video—enjoy!
Swallow Team
ADA - Gearing Up for a Breakout?After an impressive rebound from the trend-based Fibonacci extension 1:1 at $0.7655, ADA has been consolidating between $0.92 and $0.85 for the past two days. As the new week begins, today's wOpen at $0.8834 is a critical support level, perfectly aligning with the key level at $0.8806. Holding above these levels reinforces a bullish outlook.
Key Insights and Trade Setups:
Support Zones to Watch:
$0.8834 (wOpen) and $0.8806 (Key Level).
Maintaining above these levels keeps the bullish structure intact.
Long Setup Options:
A great long opportunity was from today’s wOpen ($0.8834).
Alternatively, wait for a retracement to the golden pocket at $0.8877 of this current wave.
R:R: 2.5, a solid potential reward for the risk taken.
Target for Long Trades:
Aim for the Fibonacci 0.618 level at $0.9448, which aligns with the daily resistance level.
This zone also represents a high-liquidity area where short sellers may be forced to exit positions.
Pattern Confirmation:
The potential formation of an Adam and Eve pattern strengthens the bullish case. Confirmation comes above $0.9155, suggesting further upside.
ADA/USDT Trading Scenario UpdateThe asset has shown a strong upward trend, rising from $0.3190 to $1.3264, indicating increased market interest. This growth was accompanied by higher trading volumes, which confirms its strength. Currently, ADA is in a correction phase, which has already retraced over 40% from its peak.
The key POC (Point of Control) level of the current local uptrend cycle is at $0.5979. This volume-based level could serve as support and potentially mark the beginning of a reversal. For investors, this represents a good entry point to purchase the asset at a more favorable price before a potential altseason.
It’s important to monitor the price action near this level, as its reaction could determine the further direction of movement.
ADA - Time to buy again!As I mentioned in previous analyses, ADA finally broke the wedge and the price turned bearish. However, now if the price can break the 0.618 Fibonacci line, it can rise up to $1.
previous analyses
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA. Correction Opportunity: Don’t Miss This Entry! 12/20/24BYBIT:ADAUSDT
The market experienced a pullback, and the price returned to the lower boundary of the range before breaking through its support and moving toward a high-volume level, where a strong buyer was present. We also saw a proper Fibonacci correction, which might indicate a potential reversal and a good entry point for a spot position.
I'm entering with 0.5% of my deposit and will add another 0.5% in case of further correction.
DYOR.
CARDANO: Re-EntryTo those who did not catch the first entry I have shared with you, I show you new possible entry. It is between two green lines, with possible SL approximately 5-7% (depends on level of buying).
This level also stands as a 50% FIB line from bottom to the top. Which signals great potential of stepping into the crypto market.
For those, who like this idea, set your SL! Bellow purple box, and TP? As high, as you want.. Naah.. smart move is gonna be setting your TP at level around 1.01 (safe spot) and after reaching that level, move your SL to break-even.
Then sell ADA at new ATH next year.
BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
ADA Update after recent selloff (1D)BINANCE:ADAUSDT in the daily chart saw, as almost everything (stocks, cryptos etc.) a selloff after the FOMC meeting. I personally find it hilarious that, after all these bullish news, there only needs to be ONE bad or slightly negative news and boom, everyone panics. but here we go again:
ADA didn't find support (as of now) on the Trendline since 2018. The most important part is now it HAS to find support above it again otherwise it can turn into resistance yet again and we just managed to push through it at the end of november.
it kind of found support on the major resistance/support flip line (red) even tho it pushed through, if it holds/closes above it is just a liquidity grab but not a real weakness.
same goes with the trendline of 2018. if we manage to get up to around 87cents before the day closes, we can assume the trendline to be still in tact (kind of) altho weakened.. so another clear bounce from that area would be nice to see before attempting higher.
the CCI shows we are way oversold now (but it's not a reliable indicator in of itself).
so since it couldn't attempt a push through the 161.8 fib extension (as I thought) before everything crashed, I think for now we can see a little consolidation before the uncertainty subsides. somehow I could imagine that the market will consolidate until 20th of january, just because the "uncertainty" of the trump effect will then be a fact or fiction. but we will see.
in the greater picture of the crypto market, we saw a 31.78% correction with ADA before rebounding. the next days will tell if it goes down further to the POC (which is at 59 cents) or find support at either 80 or 87 cents (80 is red line, 87 is trendline).
PS: if you'd draw fib levels from the recent high to the currently established low, our 50% fib level is at around 1.04 $ and the golden pocket coincides with the 161.8 fib extension level.