Ada, the biggest shitcoin ever madeLadies and gentlemen, I'm proud to introduce you to the shittiest coin ever, Ada.
Market goes down, it goes down. Market goes up, it stays down.
No news, no fundamental changes, and no signs of positive future. 👎
ADABTC
ADA monthly chart can we have cup and handle#ADA/BTC
ADA price is at 0.618 fib level of whole swing high.
if price hold this level as support, it will head up to resistance zone around 4000sats.
if bulls success to break out from this resistance price can increase to 8460sats and maybe 12060sats in long term.
but if bears success to reject the price from resistance zone, it will drop to 1656sats that is the 0.786 fib level.
ADA (Update)On a 4-hour TF, the trend is still negative, and the $ 1.5 price range is still prevented from rising. If the negative trend line breaks, you can enter. But if the correction occurs, enter in the $ 1.24 and $ 1.1 levels.
ADA Wyckoff upthrust?No entirely sure if Mr. Whyckoff would agree with upper resistance lines so far apart but let's see how this plays out..
The Volume Of Cardano's Transactions Has Increased A Lot!On a daily timeframe, the $ 1.5 range strongly supports a fall; with this modification, the volume of Cardano's transactions has increased a lot. This range can be a price floor. If it is faced with a price correction, enter for the $ 1.5 range, But if it increases, enter by breaking the negative trend line.
ADA - Everything Depends On The Negative Trend LineOn a 4-hour timeframe, the trend is still negative and is a pullback to the $ 1.5 range. Only enter the $ 1.75 range if the negative trend line is broken. If the negative trend line does not break, we will fall again to the range of $ 1.3.
ADA on Double-Edged SwordAny weekly close below $1.2 gives a potential dump to $0.4 in the coming year.
*Not a financial advice.
Cardano Channel, Nov 9It seems that ADA correction is over
ADA price is moving in a ascending channel and it has the midline support of this channel
I expect it to hits ATH.
ADA/USD - On life support. If $3 falls, $1 follows... 😲Cardano’s native token has seen a downtrend correction since early September, following hitting the current all-time high at $3.09.
Unfortunately for ADA’s holders, the most recent market crash drove it below the key support level at $1.5 down to $1.3. Price is currently struggling to maintain the critical support, and ADA may continue to fall to $1 if the current level isn’t able to hold.
ADA has been in a steep and aggressive bearish trend that started months before this market crash. Therefore, the bears are in control of the market. In order to start seeing a bullish reversal, the price needs to reclaim the $1.5 level, which has turned into resistance following the weekend crash.
Trading Volume: Increasing volume as price declines is a bearish sign. Best to stay away from ADA until there are signs of a possible reversal, followed by a massive amount of volume.
RSI: The daily RSI has been hovering just above 30 points or above the oversold territory since the correction started in September. This puts ADA in a clear bearish trend. However, this latest drop in price did not make a lower low on RSI, indicating that bears may become exhausted. In addition, the oversold area is nearby.
MACD: The MACD on the daily timeframe is bearish with expanding moving averages and a negative histogram. This has to reverse quickly; otherwise, the $1.3 support level may be under significant pressure.
The current Cardano (ADA) bias is bearish. Since launching smart contracts on Cardano, the trend has been bearish for over three months, and this latest market crash even made it more difficult for ADA to find a way out of this downtrend.
If ADA cannot stop the downtrend at $1.3, the price will most likely drop to retest the next significant support around $1. The bears dominate the market as of now.
Keeping in mind the current market conditions, it’s hard to see how ADA can reverse course at this time. In the best-case scenario, ADA can consolidate here and attempt a breakout later in December.
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Cardano Hints At Growing vs BitcoinWe have a strong green candle today on the ADABTC pair.
This candle just happen to show up at the same level which worked as resistance back in May before prices peaked.
This candle is also pushing prices above EMA10 and EMA21 in just one hit.
This can be good if today Cardano (ADABTC) closes above 0.00003000. But if it moves back down, it can just be a short bounce before additional drop.
The volume has been low and the correction long.
It is possible to see a reversal here, the conditions are there.
The rest is for the market to decide.
Namaste.
ADA/BTCThe chart shows Cardano 'TO bitcoin, which responds well to the drawn trends. If the currency breaks the long-term downtrend line of this currency, we can expect a good profit.
As it turned out, the failure of the downtrend in the RSI occurred.
Strong bullish on ADAWe have three crucial support at these prices on ADA; the bottom line of the rising channel, an important trend line, and the 1.4-1.5 support zone.
And you know that the logarithmic chart is more important than the arithmetic chart.
Cardano Coin on its strategic supportHi my friends
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The Cardano coin has gained significant support in its correction process after a great flight.
My idea is that if the volume trend increases, we can hope for the end of the ADA reform in the coming days
Appropriate entry points, goals and stops are marked on the chart
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Be rich and generous
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$ADA multiple scenarios aheadThat's why trading is so interesting, right ?
$ADA could form an inverse Head and shoulders on 4h.
It could make it's last down leg if the overall market will correct a little, as we can see it right now. Last leg could go around WEEKLY DEMAND at BROWN Channel.
Still a cup and handle in play if H&S will form.
I personally believe that crypto market will see it's final leg up untill spring/summer 2022 and ADA will be one of the main stable coins around there.
Everyone will hype on shitcoins but real investors will try to secure their investments in stable coins.
Im watching ADA very closely and jump in it when its ready.
ADA - Trend is still negativeIn a 4-hour timeframe, the trend is still negative, but in the $ 1.5 range, there is a lot of demand. If the negative trend line breaks, enter for $ 1.75 and $ 1.9.
Cardano ADA looking one more time bullish on the weeklyCardano ADA might start having a bullish reversal on the ADA/BTC weekly. Very soon Cardano dApps will start working on the Cardano mainnet and this will affect the ADA price action in a great deal. One of the first dApps might be SundaeSwap: Cardano DEX, and then after this release many other dApps will be released, making the ADA price action very bullish.
Whatever BTC say I believe that if BTC continue to its downtrend till 52~52.5k price range,
Ada can touch prices between 1.15~1.22
& that would be a Nice and warm welcome to get into ADA again
Stay Tuned.
ADAUSDT-LONGThere is a long position in ADAUSDT Cardano
ADAUSDT Cardano
🔵Long Now or set on Key Level 1.525
🟢Target 1 1.725
🟢Target 2 1.915
🟢Target 3 2.080
❌Stop loss 1.400
#K_Level
ADA - Daily Chart ✅ADA is very close to its solid support areas.
There is one support level, which can hold the price up in case of sudden crashes. There are two resistance areas on the way up, which we need to break before making any moves to form a bullish channel.
There are Sell Volumes in the market for Bitcoin, which shows that the price might go lower or consolidate before pumping back up. So we need more buy volumes to open long positions.
There are no other short-term support levels for Cardano, so watch out it's very risky.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.493
Let me know your ideas.
Good luck.
ADA/USDT Hello''ADA reaches its long-term uptrend. We have a 61% Fibonacci that can be the best support for the price. After dealing with our uptrend, we expect a new uptrend for ADA.
