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✴️ Cardano | Correction UpdateThis is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart. Here we have Cardano on the weekly timeframe, five weeks going down. ➖ The five weeks going down can tell us that a bearish move happened and a reversal is about to take place. It can also tell us that a bearish move is developing and in the making. ➖ The fact that the same low has been working as support, around 0.5800, for five weeks and is now breaking gives us a bearish signal. How far down can a correction go? Will there be a correction? So far we have five weeks red and a total decline of thirty percent from recent peak prices. This might as well just be it, the correction. I looked at around 150 charts, many more; not now but a month or so ago. I measured the size of the correction for all the Altcoins that already grew 2-3X beyond 100%. All these Altcoins without exception that ended their correction moved to test a price range between 0.618 and 0.786 Fib. retracement for the entire move since the 2023 low (2022 in some cases but that is beyond the point). It is the same method we used to project targets for the bullish wave but in reverse. It is not exact and can't be but it gives us a map that we can use to navigate and update when new data comes in. Ok, for Cardano, ADAUSDT; this support range would be between 0.4444 and 0.3450. Now, can it continue growing or move higher before going lower? Yes! Absolutely but, Cardano has been lagging behind so it is possible to assume that it will continue do so rather than to think it will catch up. We can always diversify and have many and varied choices but some move fasters and others move higher while in some cycles others will stall. The weekly chart right now is producing a break below EMA10 with a very strong bearish candle as the RSI turns red. We can speculate but the only wise decision is to remain bearish until the chart and market conditions change. Once support is found and established, we become bullish again. Namaste.
Short
by AlanSantana
8
Buy/Sell Stop vs Buy/Sell LimitDifference between order types explained Buy and Sell Stop vs Buy and Sell Limit When trading in the market, understanding different order types is crucial for maximizing your potential and managing risk. This guide will delve into the key differences between Buy/Sell Stop and Buy/Sell Limit orders, helping you decide which order type best suits your trading strategy. Buy and Sell Stop Orders: Function: Stop orders are designed to automatically trigger a buy or sell order once the market price reaches a predetermined level. This level is known as the "stop price." Buy Stop: This order is placed above the current market price for a security. When the market price rises and touches the stop price, the order automatically converts into a market buy order, aiming to purchase the security at the best available price. Sell Stop: This order is placed below the current market price for a security. When the market price falls and touches the stop price, the order automatically converts into a market sell order, aiming to sell the security at the best available price. Use Cases: Stop orders are primarily used to: Limit losses: By placing a stop-loss order below your purchase price, you can automatically sell the security if the price falls to a certain level, minimizing potential losses. Capture profits: By placing a stop-loss order above your purchase price, you can automatically sell the security if the price rises to a certain level, locking in profits. Enter a trade automatically: Stop orders can be used to enter a trade automatically when the price reaches a specific level, eliminating the need for constant market monitoring. Buy and Sell Limit Orders: Function: Limit orders allow you to specify the maximum price you are willing to pay when buying (Buy Limit) or the minimum price you are willing to accept when selling (Sell Limit). Buy Limit: This order is placed below the current market price for a security. It will only be executed if the market price falls to your specified limit price or lower. Sell Limit: This order is placed above the current market price for a security. It will only be executed if the market price rises to your specified limit price or higher. Use Cases: Limit orders are primarily used to: Buy or sell at a specific price: This allows you to control the price you pay or receive for the security, ensuring you achieve your desired outcome. Avoid market fluctuations: By placing a limit order, you can avoid paying inflated prices during periods of high demand or selling at deflated prices during periods of low demand. Set a target price: Limit orders can be used to set a target price for selling your security, automatically triggering a sale when the price reaches your desired level. Key Differences: Execution: Stop orders are guaranteed to be executed once the stop price is reached, while limit orders are only executed if the market price reaches the specified limit price. Price: Stop orders are market orders, meaning they are executed at the best available price after the stop price is triggered. Limit orders specify the maximum price you are willing to pay or the minimum price you are willing to accept. Risk: Stop-loss orders can help limit losses, while limit orders can help control the price you pay or receive for the security. Choosing the Right Order Type: The best order type for you will depend on your individual trading strategy and risk tolerance. Consider the following factors when choosing between stop and limit orders: Market volatility: In volatile markets, stop orders may be preferable to limit orders, as they guarantee execution once the stop price is reached. Desired price: If you have a specific price in mind for buying or selling a security, a limit order is the best choice. Risk tolerance: Stop-loss orders can help limit losses, while limit orders can help control the price you pay or receive for the security. By understanding the key differences between stop and limit orders, you can make informed decisions about which order type best suits your trading needs and helps you achieve your desired outcomes.
Education
by TheGreatR00T
1
📈ADA Market Analysis: Navigating the Current Trends🎯🔍et's embark on our daily market analysis journey. The market witnessed another minor downturn recently. Bitcoin's dominant bullish candles may have overshadowed, causing altcoins like ADA to experience further decline. Among these altcoins, ADA, which we previously analyzed, remains under our scrutiny. 🔄First and foremost, let's review the trading triggers provided in the previous analysis. For long positions, as previously mentioned, a breakout and consolidation above $0.5886 could have initiated a long position, offering a commendable 5% profit with a modest 2% stop loss. However, it's crucial to acknowledge that for long positions, the risk should have been lower. Therefore, if you've earned more than 0.25% to 0.5% profit, a reassessment of your risk management strategy is warranted. For short positions, our trigger was at $0.5633, offering an attractive risk-to-reward ratio of 2 to 3%. Hopefully, you've leveraged these insights for profitable trading endeavors. If not, fret not; every day presents new opportunities in the market. 🔔Now, let's delve into the chart analysis. A cursory glance reveals a predominantly bearish trend on the 4-hour timeframe. While weekly and monthly trends are influential, for day trading, we primarily focus on the 4-hour timeframe, followed by the 1-hour and 15-minute timeframes. Currently, the daily trend is transitioning from bullish to bearish, with a potential confirmation upon breaking and consolidating below $0.43. However, until then, the bullish trend persists, albeit with weakening momentum. Given these interpretations, it's prudent to prioritize short positions and manage risk accordingly, with a greater percentage of risk allocated to short positions. 📈As for the long positions, exercise patience! The first obstacle is the trendline resistance, which has been a steadfast resistance since the beginning of the downtrend, continuing to exert its influence on price. Therefore, await a definitive breakthrough of this trendline and subsequent consolidation above it. The box trigger is at $0.5198, suggesting patience until this level is breached for long positions. 📊Regarding indicators, the recent surge in volume triggered a sharp downward movement, indicating selling pressure. The RSI's oversold optimized level is at 26.99, suggesting that significant downward momentum may initiate below this threshold. ✅Lastly, SMA25 and SMA99 act as significant resistance levels above the price, reinforcing the bearish sentiment. 📝In conclusion, as we navigate the currents of the ADA market, exercise caution, patience, and strategic risk management. Remember, each day offers new opportunities, so maintain composure and seize them wisely.
Short
by itsparham96
ADA/USDT WEEKLY CHART UPDATE !!Hello friends, welcome to this ADA/USDT update from Crypto Sanders. Chart Analysis Everyone, what are your thoughts on the charts? Please share your comments regarding the ADA Weekly Update. Earlier this month, ADA found robust support at 46 cents, culminating in a 2.6% weekly price rise. With the key support intact, buyers may strive to reassert dominance over price movements. Presently, ADA faces resistance at 61 cents, a level yet untested. A potential relief rally could ensue if support remains unbroken, potentially leading to a challenge of key resistance. Looking forward, if buyers successfully halt the downtrend, they could endeavor to steer ADA back onto an upward trajectory in the forthcoming month. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
ADA: Channel Down PatternTrade setup : Trends are mixed. Price is 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 on Short- and Medium-Term basis and Uptrend on Long-Term basis. 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.
Long
by altFINS
📈Cardano 2D Long Scenario / It's time for ADA📉BINANCE:ADAUSDT COINBASE:ADAUSD Hello dear traders. ⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr. 📈 What to Expect Next? 💡As long as ADA is above the $0.5682 level, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. 🔑Key Insights: 📈If the bulls stabilize the price above the 0.5682 area, the accumulated volume will activate the green scenario. 📉On the other hand, if the price fails to stabilize above the $0.61, second scenario is going to happen.
Long
by CrazyS
1
ADA: Channel DownTrade setup : Trends are mixed. Price is 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 on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. 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.
Long
by altFINS
Honestly, I don't feel like explaining, the chart says it all !!Hi. COINEX:ADAUSDT ✅Today, I want to analyze ADA for you in a 12H 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!!
Long
by CobraVanguard
1
Cardano provides probably last opportunity before pumpHi everyone, After reaching local high at 0.8 which was indicated in my previous idea Cardano started to decline falling up to 0.57 support level. Few times ADA price bounced from this support and again trading around it. Since halving is coming and usually real altseason starts after this event I think that ADA price is placed in very good spot to enter in to position. Cardano price already showed its willingness for rise and it's obvious that price will start pumping very soon. There is 0.46 support level to consider up to which price can continue to fall before and after the halving but I doubt that we'll see ADA price lower than that. Overall current ADA price provide rare opportunity to enter a position but downward move up to 0.46 is possible. Please, do not forget to boost this idea & share it with your friends; thanks.
by Real_CryptoRoy
12
04/21/2024 - News, Stocks, Commodities, Crypto - Video IdeaNews, Stocks, Indexes, ETFs, Commodities, Bitcoin, Crypto TA Charts by @NoFomoCharts 00:22 Part 1 - News and Watchlist 03:32 Part 2 - Stock Indexes, Metals, Commodities 10:58 Part 3 - Crypto market, Bitcoin, Altcoins Watchlist, SPY, QQQ, DIA, IWM, GLD, SLV, USO. TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt. 04/21/2024, 09:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
by NoFomoCharts
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. 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.
Long
by altFINS