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Cardano (ADA) - 6h. Even a strong beast is weakFor almost 2 weeks, after a powerful fall, the cryptocurrency market has not been able to recover. A prime example of this is the Cardano Project (ADA) . This coin proved to be quite strong on the strait. Of course, this market did not escape a powerful wave of decline. A powerful rebound in the price to $2 per day gave a lot of hope to investors in the ADAUSDT market. However, after this emotional upward movement of the price, the interest and confidence of the buyers plummeted. This is clearly seen in the volumes and the lazy movement of the ADA price over the past 2 weeks. In fact, the price is still moving in a broad consolidation of $1.22-1.9 . Our previous idea showed that now buyers have not yet succeeded in building a trend movement. Sellers easily broke the buying trend and made it clear that at the moment it is not yet clear who dominates the market. Therefore, we will buy this coin in 3 cases: 1. During an easy test, the mark of $1.5 2.during the test of the black trend line of the triangle in the range of $1.2-1.25 3. After fixing the price above $2 While the price is within the triangle, we can more than once witness a sharp upward or downward impulse of the ADAUSD price without logical explanation and support by volumes. Therefore, in such a situation, we expect critical points and only they make decisions. To be more convincing, we show you the ADABTC chart: Such a chart does not at all hint at the strength of the market and should discourage buying this coin at current prices. ________________________ 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!
by P_S_trade
38
Cardano (ADA) - June 1Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ADAUSD 1W Chart) (1D chart) We should see support at the 1.72836357 point and see if we can move higher. If it goes down, you should check to see if it finds support at the 1.62533538-1.72836357 zone. If it falls from the 1.62533538 point, you need a short-term Stop Loss. However, careful trading is required as it can touch the 1.31605953 point and rise. If it falls from the 1.31625079 point, a Stop Loss is required to preserve the profit. However, it may follow an uptrend line, so you need to trade cautiously. To say that the short-term stop loss point and the stop loss point for profit and loss are nearing means that the uptrend is slowing down or going sideways. For some, it may be an opportunity to realize profits, for others, it may be an opportunity for new entrants. However, it is recommended to make a careful decision according to the overall flow of the coin market. ------------------------------------- (ADABTC 1W chart) (1D chart) It remains to be seen if the 4580 Satoshi-4789 Satoshi section can support and rise. If it goes down, we should see if it finds support at the 4163 Satoshi point. If it falls in the 3536 Satoshi-3745 Satoshi section, a short-term Stop Loss is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:ADAUSD
by readCrypto
Cardano is on track to complete elliot wave cycle to $3+Big pump before BTC crash - ADA holders are unfazed. Technology is finally catching up to the $1 hype from 2017. It was funny seeing crypto twitter buy the dip all the way down to $.05 during crypto winter, but the strong hands prevailed and was handsomely rewarded. I expect NVDA stock split stock to save ETH and carry BTC back to $50k (BTC is currently at $38k). Elon and friends had a fun time stop loss hunting and grabbing cheap coins. Energy consumption attack on BTC was a nice way to pump ADA to create higher support before they dumped the BTC. We should see overall crypto market higher next month as May BTC future contracts come to an end this week. final target of full elliot wave cycle on ADA with BTC at $50k should take ADA to $3+. Let's take profits after NVDA splits in July.
Long
by FleurdelisFX
1
Cardano price pace sets recovery for altcoinsCardano plunged from highs around $2.4 amid the broad-based cryptocurrency declines. The losses extended below $2 before the bulls regained balanced at $1.4. Like Bitcoin, ADA immediately started a reflex recovery where the gap to $2 was almost closed on Thursday. Despite leading altcoins in recovery, Cardano stalled under $2 and, more specifically, at the 50 Simple Moving Average (SMA) on the four-hour chart. A correction ensued, allowing bears to come into play. At the time of writing, ADA is doddering at $1.75 after losing the key support at $1.8, provided by the 50 SMA. Higher support is needed for the bulls to concentrate on recovery fully. However, all is not lost because short-term technical levels appear steady. Cardano rejected at the 50 SMA, but bulls focus on $2.4 The Moving Average Convergence Divergence (MACD) on the four-hour chart has a bullish impulse. For instance, the MACD line (blue) has crossed above the signal line, insinuating that it was time to buy into Cardano. Note that the MACD is a chart overlay indicator tracking the trend of an asset and measuring its momentum. Although it does not suggest whether an asset is overbought or oversold, the MACD helps identify positions to buy the dip or sell the bottom. A confirmed break above the 50 SMA will assist in guaranteeing the journey above $2 and toward the all-time high at $2.4. However, the Relative Strength Index (RSI) has a bearish outlook, hinting at a more extended correction. As the RSI drops under the midline, overhead pressure rises; thus, jeopardizing support levels at $1.6 and $1.4. Cardano intraday levels Spot rate: $1.75 Trend: Bearish Volatility: Low Support: $1.6 and $1.4 Resistance: $1.8 and $2
BINANCE:ADAUSDLong
by CoinGape
2
Cardano (ADA) - May 17Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ADAUSD 1W chart) The important support zone is 1.31605953-1.54665122. You have to watch to see if it rises along the uptrend line. (1D chart) We have to see if we can get support at 2.24350456 and climb above 2.55258915. If it falls, you need to make sure you get support at 2.14047637-2.24350456 If you fall from 1.62533538-1.72836357, you need a short stop loss. The next volatility period is around May 20th. ------------------------------------- (ADABTC 1W chart) (1D chart) We have to see if we can get support at the 4789 Satoshi point and climb above the 5700 Satoshi point. If it falls, you need to make sure you get support in the 4580 Satoshi-4789 Satoshi section. If you fall in the 3536 Satoshi-3745 Satoshi section, a short stop loss is required. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BINANCE:ADAUSD
by readCrypto
1
1 ada = 2.48 Is valid. Island is an island. Btc is of course affected by the Eth drop. But Ada is a coin that has not experienced its full explosion yet. There is a goal of 12-14 dollars in the future. The most important issue is that the people who enter the island are generally corporate and far from short selling. Since the sale is made while the price increases, the money inside always stays the same or increases. I always tactic the ruler of the island. We took the island from the bottom. We are increasing the number of islands. Not investment advice. The reason I wrote this is because you buy and sell investments at your own discretion. If you are in Germany, we can get 1 year investment with the contract.
Long
by TraderEtc
5