CARDANO EXPLOSION I think cardano in next weeks can reach higher levels. Volumes are increasing and it's a alert for us
So becareful after breaking structure in lower tf you can enter the long
ADAUST trade ideas
Cardano provides second chance before altseason startsHello traders,
Cardano price declined on over 60% since March and lost almost all gains for the past year.
Currently ADA is trading at very attractive price levels for long term buys.
Considering that there might be new altseason coming soon I think that it's good time to buy ADA in mid or long term as it can repeat recent growth above 0.8 level easily.
The main buying area located at 0.25 price level but I'm not sure if ADA drops there unless BTC will test 50k area again. If this happens then it will be perfect buying opportunity but even current levels are great for long term.
For the bulls it's important ADA to break 0.4 resistance level and hold above.
If this happens then we can expect continuation of the rise.
Please, do not forget to boost this idea and leave your comments below, thanks.
Cardano to $0.50 in the short termBINANCE:ADAUSDT Cardano is breaking the donwtrend from April and targeting $0.50 in the short term.
Adausdt ideaRsi is getting really overbought here . Also touching monthly resistance at 0.62 I expect a retrace at this level . Also long term is bullish this would only be a small correction before moving higher
$ADA Pumped 81% After Breakout!CRYPTOCAP:ADA Pumped 81% After Breakout! 🚀
• CRYPTOCAP:ADA just did an amazing 81% pump after its breakout! 📈🔥
• INDEX:GALA might be next – keep a close eye for similar potential gains!
ADAUSDT on the Rise: What to Expect in the Next 72 HoursFollowing Trump's victory and Bitcoin's rally, ADAUSDT has broken out upwards from a triangle pattern. It’s predicted to grow another 22% over the next three days, and if it successfully surpasses the 0.5702 price level, it could see an additional 17% increase."
#ADAUSDT: SHORTThere is over extension movement from H4 demand zone, we expect aggressive return to this demand, thus it seems proper opportunity for sell.
Cardano's Elliott Wave Analysis: Predicting ADA's Path to $2.80You can see Elliott wave counts at two levels in #Cardano.
At the first level (Minor), this cryptocurrency reached a price of approximately $0.80. Then, as part of an Intermediate wave, it corrected itself down to $0.2752 and is now constructing wave 3 in the Intermediate level. According to wave theory rules and Fibonacci tools, how far can the length of wave 3 extend? I have plotted potential levels at three significant points: 1.618, 2.61, and 4.27 times the length of wave 1 (Intermediate). Therefore, in the medium term (approximately 4-6 months), it can be expected that Cardano will reach a price of about $2.80. Note that this cryptocurrency has previously experienced a price of $3.30, so reaching these prices is not out of reach.
This analysis is approximate and should not be the basis for your decision-making, but it is certain that #ADA is in its Intermediate third wave.
Adausdt Taking profits her at this major resistance in the weekly . Nice run so far expecting a retrace at this level because nothing goes up on a straight line .
How Will the Record-High Value of Cardano's ADA Impact CryptoCardano's native cryptocurrency, ADA, has recently experienced a significant price surge, reaching a 2.5-year high of 90 cents. Factors, including increased institutional interest, growing on-chain activity, and positive developments within the Cardano ecosystem have fueled this impressive rally.
Whale Accumulation and Institutional Interest
One of the key drivers of ADA's price surge has been the accumulation of large amounts of ADA by whales and institutional investors. On-chain data reveals that whale holdings have surpassed $12 billion, indicating significant institutional interest in the project.
These large-scale investors are often attracted to Cardano's unique features, such as its proof-of-stake consensus mechanism, which is more energy-efficient than proof-of-work. Additionally, Cardano's focus on sustainability and its commitment to scientific research and peer-reviewed development have further enhanced its appeal to institutional investors.
Growing On-Chain Activity
Alongside whale accumulation, increased on-chain activity has also contributed to ADA's price rally. The number of active addresses on the Cardano network has been steadily rising, indicating growing adoption and usage of the platform.
This surge in on-chain activity can be attributed to several factors, including the launch of new decentralized applications (dApps) on the Cardano network, the increasing number of projects utilizing Cardano's smart contract functionality, and the growing popularity of Cardano-based non-fungible tokens (NFTs).
Positive Developments Within the Cardano Ecosystem
Several positive developments within the Cardano ecosystem have also contributed to the recent price surge. These include:
• Vasil Hard Fork: The successful implementation of the Vasil hard fork, which introduced significant performance and scalability improvements to the Cardano network, has boosted investor confidence and attracted new developers to the ecosystem.
• DApp Development: The growing number of dApps being built on Cardano, ranging from decentralized exchanges to gaming platforms, has increased the utility of the ADA token and attracted new users to the network.
• NFT Market: The thriving NFT market on Cardano, with projects like CNFTs, has generated significant interest and driven demand for ADA.
Future Outlook
Given the positive developments within the Cardano ecosystem, the strong institutional interest, and the increasing on-chain activity, many analysts are bullish on the future of ADA. Some experts predict that ADA could reach $1.25 shortly, provided that the current positive momentum continues.
However, it is important to note that the cryptocurrency market is highly volatile, and ADA's price could fluctuate significantly in the short term. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.1
Despite the inherent risks associated with cryptocurrency investments, Cardano's strong fundamentals, growing ecosystem, and increasing institutional interest position it as a promising long-term investment. As the Cardano network continues to evolve and mature, ADA's price could experience further significant growth in the years to come.
WILL ADA BACK TO NOVMBER 2021?Hello,
There is no entry this time, it's just a chart for fun.
We expect BINANCE:ADAUSDT.P to reach the point of November 2021.
And thus, we expect the positivity in the cryptocurrency market to continue.
ADA will experience a short-term correctionADA require a pullback to retest recent support levels before a bullish continuation pattern is complete
Resistance at $0.7459 Could Define the Next Move For ADACardano's BINANCE:ADAUSDT is currently navigating a critical juncture on the 1-hour chart, testing the significant resistance level at $0.7459. Recent analysis indicates mixed signals, with short-term momentum suggesting a potential recovery, yet challenges remain at key resistance zones.
Traders should be aware that ADA has struggled to break through the $0.7459 resistance, with further rejection anticipated at $0.7689 if bullish momentum continues. On the downside, the $0.7216 support zone is under pressure, and deeper support levels at $0.7093 and $0.708 could come into play if selling intensifies.
The 9 EMA is positioned above the 20 EMA, indicating short-term bullish momentum, but the narrowing gap raises caution for long positions. A potential EMA crossover could signal a shift toward bearish sentiment.
The MACD shows diminishing bullish momentum, transitioning from positive to neutral, while the RSI hovers around 50, indicating a lack of clear directional bias. Traders are encouraged to wait for stronger signals before making commitments.
For those considering trading strategies, a confirmed breakout above $0.7459 could present long opportunities targeting $0.7689, with stops placed just below $0.7429. Conversely, a break below $0.7216 may open up attractive short positions, with potential exits near $0.7093 or $0.708.
Monitoring ADA's interaction with these pivotal levels, along with shifts in EMA alignment and MACD momentum, will be crucial for identifying potential trade setups.
Mixed Indicators Signal Turning Point for ADA on the 1-Hour CharIs BINANCE:ADAUSDT at a critical juncture? The latest analysis of the ADA 1-hour chart reveals a blend of bullish and bearish signals, indicating potential market movements. Key support levels are being tested, with the Relative Strength Index (RSI) suggesting overbought conditions and early signs of cooling momentum.
The MACD shows diminishing bullish momentum, while moving averages indicate a short-term bullish trend. However, the convergence of EMAs raises the risk of a bearish crossover, which could trigger short-selling activity.
Traders might want to consider risk management strategies, especially when entering long positions near $0.7216 or monitoring for short opportunities below $0.7248. With mixed indicators at play, caution is essential before making trading decisions.
ADAUSDT LONG TIME SUPPORT HOLDING? Hello, dear HODLers!
This is ADAUSDT on the weekly timeframe. The black line has been a significant level since October 2022, shifting between support and resistance for over two years. In 2024, it began acting as support starting in the first week of July.
Since then, the wicks below this level have started getting shorter, suggesting that selling pressure might be weakening. This level could mark the beginning of the next bull run. If we see another dip that holds with an even shorter wick, I would consider it a confirmation.
Stay safe, and feel free to leave any comments or questions.
Thanks for reading!
ADA Next TargetsThe context tells us that the bull market is just beginning, with a clear bullish coin this week: ADA, breaking resistance at 0.36. Now, the price has encountered rejection at 0.45. We need to find buying opportunities at 0.41 to continue; otherwise, we might see the price testing 0.36, close to the 0.618 Fibonacci level.
ADA getting proof of live with higher high. ADA got some proof of life with a nice pump that made a higher high. This move is a sign that the price is trying to change character suggesting a follow-through upwards. There is a mean reversion that can play out and can be tracked on lower timeframes to get a better entry.
#ADA/USDT#ADA
The price has broken the descending channel on 1 hour upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.3300
Entry price 0.3400
First target 0.3747
Second target 0.949
Third target 0.4200
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom)
Unfortunately or fortunately, these are the realities.
Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up.
God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1.
And for the #Cardano holders and altruists, patience to wait for that time.
_____________________
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ADA USDTADA has been consolidating within a range for the last few months and has been in a downtrend since March. After a breakout from the trend line we might see a bullish move
All the levels are marked on the chart
ADA USDT thesis with RAG AI by Titan_KarmaIntraday Scalping Strategy Analysis for Cardano (ADA): Evaluating Long Positions Amid Current Market Conditions
Abstract:
This thesis examines the viability of initiating a long position in Cardano (ADA) based on current market conditions, using an intraday scalping strategy. The analysis leverages a combination of technical indicators, real-time data, and sentiment analysis to identify optimal entry points and manage risk effectively. The findings are grounded in a comprehensive evaluation of the market's bullish momentum, positive sentiment, and recent trading patterns, with an 85% confidence level supporting the trade recommendation to initiate a LONG position.
1. Introduction
This thesis aims to explore the application of intraday scalping strategies to ADA, specifically under current bullish market conditions. With Cardano's price reaching $0.4406 and a significant surge in trading volume (266.96 million), there are indications of continued upward momentum. However, caution is warranted due to overbought technical indicators. This study identifies strategic entry and exit points to optimize returns while minimizing risk.
2. Background on Cardano (ADA) and Scalping Strategy
Cardano Overview: A brief overview of Cardano, its role in the blockchain ecosystem, and the factors driving its adoption.
Intraday Scalping Strategy: Definition and explanation of scalping, a high-frequency trading strategy that involves capitalizing on small price movements throughout the day. This strategy is particularly effective in moderately volatile markets like ADA.
3. Data Sources and Market Analysis
Coinglass Data: Open interest remains healthy, with a favorable funding rate indicating market participants are predominantly taking long positions. The absence of significant liquidations suggests a stable trading environment.
Binance Order Book Analysis: The presence of substantial buy walls at $0.4350 suggests strong support, which could act as a buffer if a retracement occurs. The moderate volatility index indicates a conducive environment for scalping.
CoinMarketCap Metrics: A robust liquidity score and stable market cap reflect sustained investor interest, with candlestick patterns pointing toward a bullish continuation.
Sentiment Analysis (Augmento and CryptoCompare): Predominantly positive sentiment among traders, driven by recent whale activity and institutional interest, reinforces confidence in ADA's short-term bullish outlook.
4. Technical Analysis of Current Market Conditions
Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. Historically, this level suggests a potential for short-term pullbacks.
Stochastic Oscillator: High Stochastic readings align with overbought conditions, advising caution for new entries until a retracement is observed.
Bollinger Bands and Moving Averages: The price is near the upper Bollinger Band, suggesting potential resistance, while the price remains above the 50-period moving average, indicating bullish momentum.
MACD: A recent bullish crossover on the MACD supports the continuation of an upward trend, aligning with the current market sentiment.
5. Trade Recommendation and Strategy
Position: Open a LONG position if the price retraces to the support level of $0.4350.
Entry Criteria:
Timeframe: 15-minute intervals to capitalize on intraday movements.
Indicators: RSI above 50, MACD bullish crossover, price near the middle Bollinger Band, and moderate volatility.
Stochastic Oscillator: Monitoring overbought conditions to identify optimal entry points after a pullback.
Exit Strategy:
Take Profit: Target set at $0.4500 to align with the next resistance level.
Stop-Loss: Set at $0.4300 to mitigate downside risk.
Exit Point: Recommended exit around $0.4450 to secure gains while avoiding potential pullbacks.
Confidence Level: 85%
6. Risk Management and Market Dynamics
Support and Resistance Levels: The $0.4350 level serves as a key support zone. A break below this level could signal a shift in sentiment and invalidate the long trade setup.
Volatility and Market Sentiment: Given moderate volatility and high bullish sentiment, traders should remain agile, adapting quickly to changing conditions. Overbought indicators suggest monitoring for potential pullbacks before entering new positions.
Correlation with Broader Market Trends: ADA’s price movement remains correlated with Bitcoin (BTC), which also shows bullish signals. Any significant shifts in BTC’s performance could impact ADA’s trajectory.
7. Conclusion
The current technical and sentiment indicators provide a favorable setup for initiating a long position in Cardano (ADA). However, the overbought conditions identified by RSI and Stochastic indicators warrant caution. The recommendation is to wait for a retracement to the support level of $0.4350 before entering a long position. The exit strategy, stop-loss settings, and profit targets are designed to optimize returns while managing risk effectively.
8. Future Research
Further research could explore the impact of macroeconomic factors on ADA’s price, the influence of whale activity on market sentiment, and a comparative analysis of ADA’s performance relative to other Layer-1 blockchain projects. Additionally, studying the correlation between ADA’s market movements and those of Bitcoin could yield insights for improved predictive models.
This thesis provides a comprehensive analysis tailored for traders leveraging intraday scalping strategies, focusing on optimizing entry and exit points in a moderately bullish market environment.
Cardano (ADA): Possible Upward Movement of 10%Cardano has made a good upward movement, breaking the local resistance zone, which might result in a good movement to the upper zones (towards the next resistance zone, where we also can see a smaller CME gap).
More in-depth info is in the video—enjoy!
Swallow Team
