ADA-4h. Are buyers ready to continue to grow to $0.6?Due to the slowdown of the BTC price and the decrease in trading volumes, the uncertainty in the ADA market is growing. Our previous idea for ADA worked out perfectly and the price reached the target . However, now the situation is becoming tense. The last wave of ADA growth from January 11 looks weaker than the previous one. Also, trading volumes are much lower. The local high, which the price updated on January 17, provoked the formation of consolidation in the range of $0.38-0.4.
In the larger timeframe, it is noticeable that the ADA price has hit the top trend line. Therefore, continued growth is possible only with an increase in trading volumes and a breakdown of the range of $ 0.38-0.4.
The situation will worsen significantly if buyers do not keep the mark of $0.34. In this case, the breakout of the range $0.38-0.4 will have to forget and the price will confidently continue to fall to $ 0.29.
In this trading situation, to maintain risk management, we would consider a short-term trade or from $ 0.34, or a medium-term trade after fixing above $0.4.
The ADABTC schedule gives us a good hint:
As we can see, the price has broken the critical price zone and now buyers are trying to keep it. The probability of continued growth is currently higher. However, in such an indefinite time it is better to be without a position.
Adaanalysis
ADA-4h. Buyers held a critical point of $0.25. What's next?The sharp change in the mood of the BTC market did not allow ADA buyers to reach our target of $0.4. In our previous idea , we noted that the critical point for continued growth is around $0.25 .
Sellers tried to reverse the trend of buyers, but were able to leave behind only the wrong breakdown. Trading volumes increased during the fall in prices. However, the rebound from the mark of $0.25 began at the same volume.
The strength of the ADA market has leveled off. While the price is below the range of $0.296-0.302 to buy the coin is dangerous from current prices. If the current attempt of buyers to break through and consolidate above $0.296-0.302 is unsuccessful - the price of ADA will easily re-test the mark of $0.25.
The situation in the ADA market is negative. if you look at the 12-hour timeframe .
Buyers were unable to reverse the market situation within 24 hours. The next candle can start with a new wave of fall. So now it is better to wait for the breakthrough of critical points and join the stronger side.
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ADA Analyze by Daniyaldaraei CryptoCurrency master analyzerhello everyone , please like it and follow to reach more and gain more ;)
Cardano , after my last analyze that get two target reached and made a huge bullish rally
The bulls attempted to extend the uptrend on Jan. 7, but the bears aggressively sold above $0.340 that made a good correction to 0.2627
now we have ada cardano on 0.33-0.34 .
cardano have 0.354 resistance , and if bull could break it, we can simply reach 0.40 and 0.50 (psychological price action resistance )
and if bears could push it more down , of course with participating with BTC! we can reach to full retracement level at 0.2390
this analyze will get update soon
keep calm and hodl ADA
ADA-6h. The next target is $0.25.A good trading situation has emerged in the ADA market . Buyers managed to break the global critical level of $0.171 . 6 weeks of struggle for this mark gave the result.
On large volumes, the ADA set a new local high of $0.197 . Now sellers are testing the strength range of $0.171-0.18 . Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free .
We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171 . Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario.
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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!
ADAUSD in 4 month ascending channel!ADAUSD has been the post COVID crypto all-star- currently in a 4 month ascending channel since the COVID sell off. Still looking bullish!
-21 day EMA acting as price support
-50 day EMA following lower end of channel
In case of pullback- .08267 is looking like a key level to watch based on volume profile
ADAUSD - Which side are you on?--- Please if you find this informative and/or agree with the idea don't forget to give a like. Thank you! ---
It seems that after again testing recent highs in early May, Cardano is sort of waiting for a big move, as other coins are as well. It is just matter of strenght!
It is slightly looking for the resistance level formed by the highs of June 2019 and February of this year.
To be honest, it would take a couple of days in green to reach the 0.786 level and consolidate that area for more growth. On the other side you already know what there is. ;)
In a two-hour view we can see how right now it is trying to return to the highs of April 30, with rising RSI and without being oversold. So far, so good.
We leave this analysis before the imminent supposed golden cross in a few days is completed and thus be able to see the result.
And which side are you on?
Thanks for your appreciation.
ADABTC Daily chart analysis ☑️ADA Daily chart update-
We are on a supply zone now. Buying volume has declined and looks like sellers have taken control. We might have topped out, we are not sure on this as we don't have any strong downside move on 4 hourly chart so market makers can make any more upside move to trap the more excited buyers. We have a rejection and hidden Bearish div. On RSI which is a bearish sign. As BTC this week is really volatile and mostly moving upside, ada mostly tends to go downward.
We have near important level as a support 520-525. We will have to see reaction at this before the level 450 our final Target.
This Analysis is based on mid term, not for scalping or short term. Plz manage your risk and stay safe !!
CARDANO Bears Overcoming BullsCurrent Status of Cardano (ADA): Currently, the money is exchanging at an estimation of $0.037975 and its worth is diminishing by 3.23%. The estimation of the ADA against Bitcoin is at 0.00000461 BTC and its worth is diminishing by 2.06%. The market capitalization of the Cardano is $999,836,109 and the 24-hour volume of the cash is $45,727,156. The coursing supply of the cash is 25,927,070,538 ADA and the ROI of the money is 77.89%.
Recently likewise, the money was exchanging around the scope of $0.038765 and the market top of the cash is $1,005,070,222. The ROI of the money is additionally diminished today as it was around 78.82% yesterday. The most recent week, Cardano likewise experience the bearish rectification in its worth. On the past Monday, 23rd September the money was exchanging at the estimation of $0.048098 at 11:44 UTC. The amendment began from Tuesday and on Wednesday the bears' turned out to be relentless and the worth reaches up to $0.037962.
News Source : TheCoinRepublic