ADA looking for short entranceThere is nice diagonal down, which implies second part of down movement. But for now it is unclear if the correction is over.
ADAUST trade ideas
ADAUSDT ADAUSDT falling wedge pattern retest
From another perspective in the sk system It was in a selling target area and was in the process of forming a positive sequence to return again to the whole correction level areas
ADA on the way to 58 centsPerfect breakout towards the 0.618 🚀
I expect it to hit the 0.58 levels and possibly have a immediate correction.
ADAUSDT 1D#ADA has broke out the Bullish flag on daily chart. Now it is moving inside the Ichimoku and above the MA50.
Structure is bullish for now. Here are the targets:
$0.6116 $0.6611 $0.7325 $0.7760 and $0.8535
ADA/USDT Primed for an Upward Trajectory from Demand Zone? 👀💎 Paradisers, get ready as #ADAUSDT showcases a promising pattern, operating within a demand zone and preparing for a bullish ascent.
💎 #Cardano has been showing respect for the support level at $0.4671, with the price currently gaining momentum in the demand zone, indicating a high likelihood of an advance towards overcoming the formidable resistance at $0.7337.
💎 However, as strategic traders, it's crucial to consider all outcomes. Should our initial expectations not materialize, a bullish push from the support at $0.4671 remains on the table, with a fall below this point potentially leading to a notable decline
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. The breakout was successfully retested. Stop Loss at $0.44, just below the prior swing low.
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.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
ITS JUST MY MINDhello there
im just wondering how it gonna be
cause it seems that break its valid and the pre high have to see the price one again.
and if the high breaks, im gonna buy more for the higher price that i marked.
Cardano will rise after completing its C-wave Leg Wait till C-Wave correction of primary 1 wave ended, and the previous ending diagonal becomes completed.
There are 2 choices to buy: 1- Wait for upper border of ending-diaonal to break, or , 2- BUY THE DIPP OF C-WAVE.
Expect sideways momentumI would expect more sideways momentum until close to having before we see the next big move.
🔥 ADA Triangle Break OutAfter 6 weeks of bearish price action, ADA has broken out of a bearish triangle pattern. Boosted by Bitcoin's bullish move, investors are flocking to ADA and are potentially pushing it back to the December 2023 highs.
In order to optimize the risk-reward, we're keeping the SL relatively close.
Cardano Time? 📊🚀 Cardano's Critical Threshold: Will ADA Soar to New Levels? 🌟💹
Cardano holders, brace for impact! Our analytical journey has led us to a pivotal moment for ADA. Remember when the market was engulfed in fear and we warned of the 'zombie' at $0.25? Now, we're witnessing a remarkable turnaround.
The all-time trendline painted in blue never got tested—instead, ADA rebounded with vigor on January 24th, bypassing the critical $0.4962 resistance level. Currently, ADA finds itself with psychological support at the 50-cent mark and strong technical support at $0.495, gearing up for a third and typically decisive test of the $0.679 resistance.
What's beyond that? A breakout could send ADA on a parabolic run to $1.19, then $1.47, and even further to a formidable target between $2.7 and $2.9. The odds? A 64% chance of breaking above $0.68 and climbing higher. Yet, we still need to conquer this crucial level.
This isn't merely a technical analysis; it's a narrative of Cardano's resilience and potential. As for my position, it remains firmly open. I'm not swayed by quick gains or pressure to close—this trade is a marathon, not a sprint.
For those aligned with this analysis, consider this a prime re-entry point into ADA. As always, conduct your due diligence and trade in harmony with your strategy.
One Love,
The FXPROFESSOR 💙
ada/usdt short selling 4 hour time frame resistence area
big liquidation area downside: high potential to grab downside liquidation
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process.
It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support.
If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
ADA/USDTi willl go long on it with easy trade idea we all can see this pattern i will follow my risk management rule on it
ADA.X in downward trendADA.X in downward trend: price dove below 50-day moving average on January 14, 2024
ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend. In 27 of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 68%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 86 cases where ADA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
The Aroon Indicator for ADA.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
✴️ How Will Cardano Perform In 2024? Bull-Market Prep, ImportantThe recovery year is over. 2023 is over and now we are entering the next Cryptocurrency bull-market year, 2024.
How will Cardano perform?
If you are a long-term reader/follower, this post will be easy to understand.
If you are new though, some context might be needed...
To accommodate everybody, let's add this context before getting started but first...
Feel free to boost and follow!
How are you feeling today?
I am hoping you are feeling great, it is a beautiful morning on this side.
The Cryptocurrency market is wide, it is big, we have so many Altcoins now, so many categories, so many options, so many choices... It is not a small niche as it used to be in the past.
What one does, the rest follows?
Yes?
Does this still applies?
In some ways, this is part of what I want to discuss (if you use the comments), share with you today (if you only read).
The recovery year is the year after the bear market bottom has been set and established, the initial bullish relief rally which normally ends with no new All-Time Highs. For example Bitcoin: A bottom hits November 2022 followed by a strong bullish wave in 2023. Now new ATHs and that's the recovery.
In 2024, the bull-market year, no new lower lows compared to November 2022, on the contrary, major growth after the final correction with maximum bullish strength.
Based on data that is already in, the main bullish wave for those Altcoins that moved strongly reached as high as the same level these were trading around March/April 2022, some higher some lower of course.
Now, here is the thing: Cardano and many other Altcoins failed to move this high...
Here is the chart:
Notice how the peak and double top in December 2023 ended around the same price level Cardano was trading back in May/June 2022... The recovery year is over, this is the important part.
I hope you find this information useful.
So Cardano can produce a new bullish wave in the future and hit as high as the other pairs did last year but when this happens if this happens it will only happen when the Cryptocurrency market enters its next bullish phase. What I am trying to say is that the initial rally is over, the recovery year is over and this is just what ADA did, nothing more, while other pairs were stronger and still others weaker.
I see you saying: This is obvious Alan, what's the point?
Relax my dear friend, you will find this useful and it can help you navigate the Cryptocurrency market in 2024 and 2025 and choose the pairs that will produce the biggest gains.
Cardano performed weakly and this is likely to repeat.
Other Altcoins such as FetchAI for example, performed strongly and this is likely to repeat.
In the past we would make an analysis and consider it a 'one size fits all,' this is not possible anymore.
The ones that tend to do good continue to do good.
The ones that perform poorly tend to continue in the same vein.
I can give you some reasons as to why Cardano did not grow much more and point fingers, but that is not the point of this trade idea, of this analysis, of this chart.
Be aware that many Altcoins will move really strong, new All-Time Highs, three to four digits growth within months... Others will stall, stay behind and never grow.
How will you know which ones to pick when we have tens of thousands of options now for your trading in 2024 and 2025? Luckily, we have the charts.
Those that showed a strong willingness to move;
That that did move;
Those that have new features, new growth, an active team and of course the price...
Those will be the more promising choices when the correction is over, I will be here nonetheless.
I am sharing a warning, don't get caught holding something that won't move just because "everything will move," this might no longer be the true.
I am saying this based on current data... In 2023 there were many, many great pairs, great growth, strong recoveries, money and fun, but many other stayed behind, they didn't do anything and that is why diversifying is so important or just being wise when making a choice.
It will be a combination of data, experience, intuition and I have to say it but even luck.
The market continues to evolve.
It becomes more complex each time, it becomes harder.
If you are in it for the money the only solution will be dedication and hard-work, or maybe trust... But even trusting can be tricky because you have to choose the right person, one that is putting in the hard-work and dedication.
It will be fun though, just remain open minded.
The bigger pairs/projects can be used for leverage while the smaller pairs can be used for spot.
Namaste.
Cardano(ADA): Triangle Formation Might Breakdown SoonADA caught our attention with a nice potential downward movement to happen soon.
With prices forming lower highs here, we are looking for a potential downward movement to happen (a breakdown of the lower blue zone).
If everything plays out nicely, we might see a nice play toward the lower dotted line.
Swallow Team
Forecast For CardanoHello everyone.
All the numbers on the chart : the Entry , Take profit areas and Stop loss are specified.
It seems that the price indicated by the star symbol will be touched before the price indicated by the no entry sign.
CARDANO LONG WARNINGHello traders. As you see in the chart in this moment ada broken last HL of upward structure in minor scale. So becareful about your longs and i am more bearish on it now. So getting short position with confirmation is better
Cardano DownCardano is having downward pressure, and we like to trade with the trend.
bearish divergence confirmed on the 4 hour
Taking it to the next supply demand zone at the bottom of $44 and $45
⬇️ SHORT #ADAUSDT ⬇️SHORT #ADAUSDT from $0.4862
1h TF. The ADA coin forms a bearish design with decreasing extremes under an inclined line. Our daily volume has been increased (180 million) and horizontal support levels have been formed, beyond which I expect to see a liquidity pool.
I am observing consolidation above the levels and a continuation of the downward movement to the lower support levels on the volume of sellers in the order glass.
ADA Bearish ☁️ - Downside Trend On the 3-Day & 1-Week HorizonsThe prices of cryptocurrencies were little changed over the past 24 hours as investors digested the past days’ signals that the expected US rate cuts will be delayed until May or later.
Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Polkadot facing bearish clouds, according to ATTMO. As for Ether, Binance Coin and Ripple’s XRP, they should all profit from a bullish sun.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Polygon and Chainlink, while the other altcoins covered by ATTMO are set to face clouds and downside risks.
Follow us for more crypto weather reports!
CARDANO - Liquidity MasterCardano (ADA) exhibits a dynamic pattern of moving strategically between liquidity levels within a range. The cryptocurrency consistently capitalizes on liquidity shifts, alternating between shorting at the high range and going long at the low range. Utilizing manipulative tactics, ADA positions itself to align with market movements. The current expectation is for another liquidity sweep at the 4-hour timeframe level of $0.48, followed by a potential ascent to $0.60.
🔄 Range-Bound Behavior:
ADA's price action is characterized by a recurring pattern of navigating within a range, tapping into liquidity levels for strategic positioning. The cryptocurrency adeptly maneuvers between short and long positions, taking advantage of market dynamics within the established range.
🚀 Strategic Use of Manipulations:
ADA employs manipulative tactics to align itself with prevailing market sentiment. The deliberate execution of short positions at the higher range and long positions at the lower range demonstrates a strategic approach to leverage liquidity shifts for optimal trading opportunities.
🔍 Anticipating the Next Liquidity Sweep:
The anticipation is for ADA to execute another liquidity sweep on the 4-hour timeframe, targeting the level of $0.48. This maneuver sets the stage for potential upward momentum, aiming for a subsequent rise to $0.60. The strategic use of liquidity sweeps is a key element in ADA's trading strategy.
💡 Trading Strategy:
Traders observing ADA should be vigilant for the anticipated liquidity sweep at $0.48 on the 4-hour timeframe. Confirmation of successful execution and subsequent upward momentum could present favorable conditions for entering long positions. Implementing risk management strategies, such as setting stop-loss orders, is essential in navigating market volatility.
🔮 Future Outlook:
The technical analysis suggests that ADA is actively utilizing liquidity shifts within its established range for strategic positioning. Traders should closely monitor the execution of the anticipated liquidity sweep at $0.48, as it may serve as a precursor to a potential rise to $0.60. The dynamic nature of the cryptocurrency market underscores the importance of adaptability and risk management in trading decisions.
