Adaanalysis
ADA, Cardano - price has a great picture. Look when I'll buy...More than 5 days price is over a big range. The price managed to form a local key level of 1.82. A wonderful entry point will be after squeezing to this level, breakout, and retest. Generally, the coin looks so powerful for growth. I set the alert.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ADA/USDTADAUSDT
If the double top pattern wants to be complete, it must be priced
Advance to the bottom of the midline with capital management
You can get a pair of shorts after the midline defeat
And to buy you have to wait until the roof break is complete or
That the price is back from the midline
ADA - 12h. The main positions of buyers were given below $1For the second week in the cryptocurrency market , a local downward trend continues, provoked by the weakness of the BTCUSDT price. Despite the negative sentiment of investors, now is the perfect time to test the strength of various crypto projects. It is the strong projects that will give a new wave of growth in the medium term. Weak projects will, at best, remain in consolidation.
Today we'll talk about one of the strongest cryptocurrency projects - Cardano (ADA) . In the previous idea , we expected the continuation of the ADA price movement in the consolidation in the form of a triangle:
However, the charismatic ADA decided to expand its consolidation range to 50%. The sharp drop in the ADAUSD price on February 23 to the mark of $0.92 and the same sharp buy-back of the price tell us about two facts:
1) there were many buyers in the ADA market, who banally prevented the price from continuing to grow.
2) In the range of $0.93-1 there is an aggressive buyer who is ready to absorb large volumes and keep the price above this range.
Another proof of these facts is the chart on a 3-minute timeframe:
As you can see, when the lower trend line of the triangle was broken, a small number of buy stop orders were triggered. The main volumes and active purchases occurred precisely after the breakdown of the range of $0.96-0.98. In fact, the breakdown of the liquid range of $0.96-0.98 has selected the positions of all buyers who have been buying ADA since the end of February. Thus, the buyers did not fix their profit at the local highs in the range of $1.4-1.5 , but fixed it below $0.96.
This situation increases the likelihood of breaking the current consolidation upwards and testing the global mark $2.
The main condition for this scenario is the price fixing above the range of $1.15-1.18. Retention of this range will confirm that the new wave of growth is unfinished.
The return of the ADA price to $1 will be a bad sign for buyers and means the likely continuation of the global correction in the ADA market.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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Cardano - more sumer surveys...Cardano has been stabilizing its price since near the end of February, oscillating between the 0.618 Fibonacci ranges and touching 1 a couple of times.
Right now the average price with volume marks a lower price (about $ 1.00 approx) although the price is still above, just at another important level (0.786)...
What direction do you think the price will take in the next two or three months?
Will the move be strong enough to hit level 1 again, above $ 1.50?
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Here there are reflected the most relevant levels to take into account, thank you.
ADA - 6h. only after fixing above $1.2 we expect $1.5Sellers in the ADA market managed to organize a fairly deep correction. After the triumphant break of the black trend line on March 16, the price retraced by 78.6% . A rather deep correction broke through the liquid range of $1.17-1.2, however, it did not take away the buyers' high chances for the continuation of the upward trend. Our previous idea worked well and on March 18, buyers were able to test the previous all-time high, but they could not gain a foothold above it.
It is for this reason that we saw such a dramatic crash in the ADA market.
At the moment, the ADAUSDT price is in an incomprehensible position. In order to buy ADA with confidence, you need to wait for either the price to fall to $1 , or the breakout and consolidation above $1.2. We have assumed one scenario on the chart, but we will control two variants of the development of events.
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ADA - 6h. Buyers are preparing local growth to $ 1.24The active growth of the ADA price at the end of February predicted for many investors the continuation of a strong trend and a significant improvement in the condition of their deposits. It was the test of $0.99 on February 26 that gave buyers a good signal for a strong wave of growth. During the day, the price of ADA rose by 36% . However, buyers could not keep the important range of $1.15-1.19 for continued growth. As you can see in the chart, the struggle for this range lasted until March 13.
The main problem in the ADAUSDT market is a significant decrease in buyer interest. This is clearly seen in the volume of trades. On March 5 and 13, buyers launched a counterattack and attempted to break through the range of $1.15-1.19 . However, looking at the volume, these counterattacks were doomed even before the start. Thus, the Sellers managed to lower the price to the mark where the last aggressive rise in the ADA price began.
Now the price of ADA is in uncertainty. On the one hand, the range of $0.97-0.99 is still under the control of buyers. As the nature of the ADA price increase was much more aggressive than the current local downward trend, this can be seen as a correction before the new growth momentum. In this scenario, the first critical point will be $ 1.08. It is in this mark that the trend line of sellers now passes. In this case, we expect the ADA price to rise to 1.24 to begin with. Our global idea for ADA has much higher goals:
An alternative scenario is to continue falling to the range $0.83-0.85 . The trend line of buyers is broken down. Also, below $0.97-0.99 there is no interest in this coin. Given the probability of deep correction of BTC
The probability of continuing to increase the price of ADA at the moment is significantly higher than its alternative scenario. Therefore, we expect a firm fixation above 0.97-0.99 to buy this coin with less risk.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
ADA: Targets On The FibGood day to all profit makers!
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- ADA watchlist for both up and down movements
- BTC will be a big deciding factor in the trend that will follow
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
ADA: WatchlistGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- ADA watchlist for both up and down movements
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
ADA: Target A ReachedGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- First target: A (Reached)
- Second target: B
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
Based on the previous idea:
ADA: TargetsGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- First target: A
- Second target: B
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
ADA: Possible Descending Triangle FormingGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- Possible descending triangle forming.
- General consensus: still bullish in the long term
- Short term might treat us for some ups and downs as per usual.
- Corrections like these are healthy
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
ADA: Desicion TimeGood day to all profit makers!
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
ADA - 4h. Buyers are preparing to attack $0.38-0.4.Two days of falling in the ADA market did not change buyers' plans to continue growing. The ADA price tested the price range of $0.295-0.308, which we defined in the previous idea :
The test of this range took place at high volume s, which proves buyers' interest in the coin.
As you can see from the previous idea, the price went according to the second scenario, breaking the local trend line of buyers, which they controlled from January 1.
However, we can't announce the end of the growth trend. The ADA price stopped its aggressive growth before the strong liquidity range of $0.38-0.4.
Given that buyers have the strength to keep the price - the first short-term target is a second attempt by buyers to break the range of $0.38-0.4.
The critical point of this scenario is the mark of $0.33 . If buyers can not keep this mark - buyers will again have to defend in the range of $0.295-0.308
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!