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ADA → Cardano Ready to Rip? Or Dip? Maybe $0.72 before Reversal.Cardano has been on a ride along with the entire crypto market for months and with a bull flag playing out, looks like we're going to get a little more upward price action. Should we long here? How do we trade this? 🤔 We need to wait for a pullback to at least the 30EMA, maybe the 200EMA, whenever we see some bullish price action in response. A strong bull signal bar closing near its high and a confirmation candle are preferable. This gives us the necessary probability to enter a long and place a protective stop below the 200EMA around $0.59. Plan to take half profits at 1:1 Risk/Reward around $0.63, move your stop loss up to the entry price to secure profits, then take profits at the next reversal signal or at 1:3 Risk/Reward around $0.727. We need to be aware that on the higher timeframes, Bitcoin and the crypto market is running hot and we should be on the lookout for a trend change. Either to a trading range and/or a reversal to the downside. We need to close a few more weekly candles to get an indication of the next market moves on the higher timeframes. 💡 Trade Ideas 💡 Long Entry: $0.630 🟥 Stop Loss: $0.599 ✅ Take Profit #1: $0.630 ✅ Take Profit #2: $0.727 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Flag after a Bull Run, Bias to Long. 2. Near Flag Resistance, Wait for a Pullback. 3. Gap to 1HR 30EMA and 200EMA, Wait for Pullback. 4. RSI at 64.00, Above Moving Average. Bias to Long. 5. Take half profits at 1:1, Remainder at 1:3. 💰 Trading Tip 💰 Bull flags in the proper context, provide over a 60% probability that a trend will continue. This provides justification to enter a long trade. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDLong
by TraderEngineering
ADA → Cardano Failed to Break Resistance Zone. About to Fall!?Cardano had a failed breakout above the Resistance Zone at $0.62, followed by several failed attempts to break it again. Does this mean we enter a long? How do we trade this? 🤔 Entering a short right now is reasonable if you accept the low probability nature of reversal trading. The number of failures to break the resistance zone are great signals to enter a trade, but additional confirmation to the downside with a strong bear candle is preferable. Due to the current distance to the proper stop loss placement above the Resistance Zone, it's reasonable to take a 1:1 Risk/Reward Ratio trade down to the support zone. Use a smaller position size given the additional risk. 💡 Trade Ideas 💡 Short Entry: $0.575 🟥 Stop Loss: $0.665 ✅ Take Profit: $0.485 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Failed Breakout at Resistance Zone, Sell Signal. 2. Failed three times to break Resistance Zone after Signal, Confirmation. 3. Gap to Daily 30EMA and Support Zone. 4. RSI at 60.00, Below Moving Average. Bias to Short. 5. Watch for Bitcoin Trend Change at $46,000. 💰 Trading Tip 💰 Price seeks balance and will naturally move toward moving averages. Trade with the trend for maximum probability, but also expect gaps between the price and moving averages to close before they widen. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDShort
by TraderEngineering
ADA → Cardano Ascending Wedge Signals a Drop! Will It Happen?Cardano is forming an ascending wedge pattern, a bearish formation that the majority of the time ends in a fall below the support line. For the next few days, we need to consider that the probable outcome. How do we trade this? 🤔 Consider waiting for one more attempt to break resistance at the top of the wedge around the $0.68 area. A rejection at that level creates a reasonable reversal entry for a 1:2 Risk/Reward Ratio trade. Target the $0.52 range where previous support was demonstrated. Don't be too hasty to enter, we're still in a bull trend and ought not bet against the trend until all of the requirements are met. This includes a strong sell signal (large wick on top, price closing near or on its low), followed by a confirmation candle or candles (strong bear candles closing on or near their lows). It's greater probability of profit if that confirmation candle closes below the 1HR 30RMA. 💡 Trade Idea 💡 Short Entry: $0.6400 🟥 Stop Loss: $0.6986 ✅ Take Profit: $0.5230 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Wedge, Bias to Short. 2. Daily Measured Move Complete, Trend Change Probable. 3. Three Pushes Up in a Bull Run, Trend Change Probable. 4. 1HR RSI at 50.00 on Moving Average, Indecision. 5. Bitcoin at Risk of Trend Change, Supports Short Bias. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDShort
by TraderEngineering
ADA → Cardano Racing Toward Resistance! Will We Reverse!?Cardano is racing toward the Resistance Zone after a successful break to the upside from last week's bull flag, as predicted in our last analysis. We're getting closer to resistance and the big question is, do we short it? How do we trade this? 🤔 If you're still in a long from bull flag breakout, good! Don't exit yet as we have not seen a reversal signal. ADA likely will make it to $0.45, I would take profits around that price area. Once we hit the resistance zone it's reasonable to expect a pullback or even a reversal. If we get a bear signal bar followed by a confirmation bar closing on or near its low, it's reasonable to short. We are in a bullish macro trend, so a short would be playing the reversal where Probability is low, but Risk/Reward is over 1:2. I would take half profits at 1:1 around $0.422, move the stop loss up to your entry price and swing the rest until we see the reversal bar to the upside. 💡 Trade Idea 💡 Short Entry: $0.446 🟥 Stop Loss: $0.468 ✅ Take Profit #1: $0.422 ✅ Take Profit #2: $0.403 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Breakout of 200EMA Followed by Bull Run. 2. Bull Flag Continuation Pattern Playing Out. 3. Resistance Zone Approaching, Look for Sell Signal. 4. Do Not Short Until Sell Signal and Bear Confirmation Candle Close. 5. RSI at 65.00, Above Moving Average. More Up Before Down. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
KRAKEN:ADAUSDShort
by TraderEngineering
19
ADA → Breaking $0.40! This Analysis Shows a Cardano Moon Shot!Cardano is showing great bull strength toward the $0.40 price and has made a few attempts to break it! We're in the midst of a trading range pullback from the previous bull run waiting for the signal to go long. How do we trade this? Our bias for ADA should be bullish! We're fresh off of a bull run and are currently in a pullback. Much of the crypto market is in a similar holding pattern, including Bitcoin which has not yet broken its Weekly Resistance. Before jumping into a long, we likely need another pullback to the 30EMA and a strong bull signal bar followed by a strong confirmation bar closing on or near its high. Once those conditions are met we have a potential run to the next Resistance Zone at $0.45! Always be ready to change your bias. The next attempt to break resistance could result in a bear signal bar, along with Bitcoin, which signals a market reversal. We will consider the chart at that time but for now, watch for the bull signal bar to long! Trade Idea Long Entry : $0.375 Stop Loss: $0.353 Take Profit: $0.440 Risk/Reward Ratio: 1:3 Key Takeaways 1. Bull Breakout of 200EMA Followed by Bull Run. Bias to Long. 2. Bull Flag Continuation Pattern, Bias to Long. 3. Look for Support at 30EMA. 4. Do not Long until Bull Signal and Confirmation Bars Appear. 5. RSI at 55.00, below Moving Average. Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
KRAKEN:ADAUSDLong
by TraderEngineering
2
Cardano Showing signs of 2x rally from hereWhat you see in the chart is a map of Accumulation that has been going on for ADA for over a year and half now. The accumulation matches perfectly with Wyckoff Accumulation models. So far it has made its way to Phase B. This calls for a short-term rally and if the rally follows the model, then it is likely to hit the resistance Lines, which stand at 42 and 47 cents. It's almost 2X from here. From there on we should start dipping and go to new lows to find the Spring to begin the next massive bull run to 7- 10 dollars by last quarter of 2025. Now there is also a possibility that it may not create a new low after hitting the resistance lines, in that case it would be a Wyckoff Model 2 Schematic As shown below. Now, if it does follow Model 1 Accumulation, the following chart shows where ADA can find the spring .
Long
by zakoraio
ADA - I KNOW IT'S FRUSTRATING BUT...First off I'd like to give a shout out to the REAL ADA BULLS... Not the ones who just come and go to "ride the wave". This is for the ones who BELIEVE IN THE PROJECTS FUTURE! For all of you who have done the research and aren't worried about parabolic gains over night because YOU KNOW as time passes SOME WILL RISE and SOME WILL FALL... As the SEC and governments put out regulations, as mass adoption demands more SECURITY, more SCALABILITY, and even more STABILITY (yeah lets here those "stable-coin" jokes then), It all comes down to WHO WILL BE THE LAST MAN STANDING? Lets take a minute and think about it. Don't get me misunderstood, I DO BELIEVE there are many worthy projects out there Including ETHERIUM, SOLANA , POLKADOT, and even some newcomers like AVAX, and LUNA (I like both of them a lot). Then there's ETH 2.0 which IS GOING TO BE A GAME CHANGER when it comes out, no doubt! ETH 2.0 will definitely SHAKE THE MARKET UP! Some will argue that it's all about SPEED (that's the MAIN reason for the ADA haters), BUT I would argue that it's all about STAMINA! I don't care how fast you can build your projects and how fast your coin pumps overnight. WHAT I CARE ABOUT is when the WAR ON CRYPTO comes (BELIEVE ME, IT'S COMING!), and thing's get really ugly for a long while, WHO WILL BE ABLE TO WITHSTAND THE STORM? That's why I always tell you guys ADA is a long term HODL! Sometimes I even feel silly making charts forecasting the next 2 weeks LOL. It's not about that with ADA. If you're like a surfer and you're trying to catch these pumps like a surfer catches waves then just look and see which meme-coin is trending on Google and get on board before it pumps. Just don't forget to have targets set and PROFIT ORDERS SET AHEAD OF TIME because just like a big wave comes crashing down, meme-coins will crash 50%-70% after they pump as well. Now lets talk about the chart and what I think is possible in the short term. ADA is just under the 20 WEEK EMA... HISTORICALLY, If you look on the chart and even if you pull up a chart yourself and see all of the times ADA has been below the 20 WEEK EMA have generally been very good BUYING OPPORTUNITIES! Well HERE WE ARE! "HISTORY DOESN'T REPEAT ITSELF, BUT IT OFTEN DOES RHYME" - MARK TWAIN It's been well established that the cryptocurrency market is much like the "WILD WILD WEST" right now because It is such a new market and over time, as the market grows, it will stabilize and it will require much more for "whales" to move the market. In several of my published ideas I have mentioned that I study, and use "Wyckoffian Theory" when analyzing charts and making forecasts for future price movements. I TRUELY BELIEVE understanding this can be one of the most important things to know when trying to predict future price movements for cryptocurrencies in general because of what I just explained above. It IS like the wild wild west out here. Some regulation WILL HELP, although there are people who fear regulation or believe that it goes against the idea of why cryptocurrencies were created to begin with. I DO SEE VALID ARGUEMENTS for both sides here but ultimately I believe they will CO-EXIST together and there will be a fine line drawn for what is and what isn't regulated. Lets not forget there will be many cryptocurrencies that exist and some can be strictly un-regulated and some can be partially-regulated. Many new cryptocurrencies like ADA are multi-layered blockchains. This allows certain parts to be regulated and other parts completely unregulated and anonymous. I believe Charles Hoskinson, (founder of CARDANO, Co-Founder of ETHERIUM) understands that WHEN THE TIME COMES FOR CRYPTO, "this" will need fixing or "that" will need to change because of whatever reason arises! I REALLY encourage you to check out some videos Charles has posted YEARS ago about CARDANO and why cryptocurrencies need to be ready for these situations that could potentially come in the future. In one video he even mentions the scenario of "what if a pandemic comes" and explores the possible scenarios of what will change and what will governments do in certain situations. IT HITS HOME. My point is this... I get people who ask all the time where is this or that crypto heading or say why is this or that dropping. The answer ALWAYS depends on your timeframe. ARE YOU INVESTING FOR 10 YEARS? or ARE YOU TRYING TO JUST "RIDE THE WAVE"? Before you make an investment/trade YOU SHOULD ALREADY KNOW HOW LONG you want to hold that investment. You can't get emotional and feel the urge to pull out or jump in... that is how you get wrecked! Before investing, you need to know your timeframe! Your take-profit and stop-loss targets should be set BEFORE YOU BUY!!! Then... NEVER DEVIATE FROM THE ORIGINAL PLAN! Absolutely do not make emotional decisions with your investment. THAT is how people get "FOMO'D" in or make other reckless decisions in the market! THE CHANCES ARE, If you're too emotional with your investment it's because you're risking more than you can afford to lose! I know there's a lot of newcomers here and WE ALL want to get rich over night...but , instead, LETS BETTER OUR CHANCES by making LOGICAL decisions and sticking to the PLAN! ***** THE BIGGEST ADVANTAGE/SECRET I COULD EVER TELL YOU ALL IS THIS... STUDY CRYPTOCURRENCY. STUDY IT MORE. and STUDY IT MORE. Study blockchain technology and understand how it is different than any system we current use in the world today. Understand POW and POS Blockchains as well as others that are emerging! KNOW that every cryptocurrency uses a certain type for example BITCOIN uses POW (proof of work) which requires MUCH more energy where ADA uses POS (proof of stake) which is "GREENER" and less energy intensive. THERE WILL COME A POINT IN YOUR STUDIES AND RESEARCH WHERE SUDDENLY IT WILL HIT YOU!!! WHEN YOU TRULY UNDERSTAND THE POTENTIAL OF CRYPTOCURRENCIES, YOU WILL STOP WONDERING what "this coin" or "that coin" is going to do over the next 2 weeks. You'll stop trying to catch the meme-wave. YOU'LL REALIZE NONE OF THAT MATTERS. IT WILL NO LONGER BECOME IMPORTANT TO YOU. YOU WILL SEE THE BIGGER PICTURE!!! ***** That is TRULY the best advice I could EVER GIVE ANYONE who asks about investing in cryptocurrencies! I HOPE you guys take that information and use it. ONE OF THE BIGGEST PROBLEMS facing cryptocurrencies today is LACK OF UNDERSTANDING. There are SO MANY people who are just near-sighted and THINK they understand it. Chances are, If you "THINK" you understand cryptocurrencies, YOU NEED TO UNDERSTAND MORE... ONCE YOU REACH A CERTAIN LEVEL OF UNDERSTANDING, you won't THINK anything anymore... YOU'LL KNOW! I truly hope you guys enjoyed this read as I took A LOT of time to write it and honestly it just all came off of the top of my head in the moment but it really shows why the bigger picture is so much more important. If you enjoyed this please LIKE, FOLLOW, and SHARE. Spreading the word is much appreciated and it helps the bigger picture! Thank you all! More charts and content coming soon. **As always, I AM NOT A FINANCIAL ADVISOR and this is NOT FINANCIAL ADVICE. I ALWAYS RECOMMEND doing your own research or seeking advice from a your financial advisor. This is just data and speculation based off of my experience and research with cryptocurrencies**
by Mboersma0324
6
ADA - RUNNING OUT OF TIME. WHAT I SEEOk guys so ADA is STILL in a squeeze! ITS NOT SURPRISING THOUGH! When you think of MANIPULATORS MANIPULATING THE MARKET, You know ALOT of people are holding ADA and THE MANIPULATORS WANT A LOW BUY, so they try to get YOU to panic sell to them! There' s a few indicators here including MACD and BBWP which if you look, I've identified similarities from earlier to now. There's also a volume profile which goes back 1000 bars which I think fits the situation. I wanted it to extend further back to include the volume from then! So MY PREVIOUS IDEAS STATE That ADA is FORMING A STRONG SUPPORT BASE which is still true however we need to break above the 2.12 area and hold it soon or else I imagine we could head lower to the $2.00 area and even a quick wick down to the 1.90 area which I've identified on the charts because it acted as a strong resistance in MAY and we got a strong bounce off of it in August and September. ASK YOURSELF, IF YOU WERE THE MANIPULATING WHALE, WHAT WOULD YOU DO??? I ALWAYS ASK MYSELF THIS and honestly I think it gives me the edge SO MANY TIMES! I really do study Wyckoffian theory a bit and in this YOUNG CRYPTO MARKET, IT'S ONE OF THE BEST THINGS YOU COULD UNDERSTAND I.M.O. It's really a good read! I recommend giving it a Google! haha So here in this situation, IF YOU WERE THE "COMPOSITE MAN" (MANIPULATOR) MANIPULATING THE MARKET, WHAT WOULD YOU REALLY DO? I personally would create A SCARE before BUYING and LETTING BULLS PUMP THE PRICE. I imagine A LOT of people are putting in LONGS with HIGH LEVERAGE at the 2.00 area... It looks like a great support on the charts with low risk BUT WHAT IF WE BROUGHT IT DOWN TO 1.90? How many of those longs would get liquidated with high leverage? (ALOT) How many would rethink their LONG and either SHORT or just close their position? (ALOT) HOW MANY PEOPLE HAVE A STOP LOSS JUST UNDER THAT NICE EVEN $2.00 NUMBER??? ALOT! Maybe you do as well! SO IF I WERE THE COMPOSITE MAN that's what I would be thinking! It's a way of wiping out all the LONGS, and tricking people into shorting the market! It's a way to make people panic sell AND THEY NEED SELLERS... WHY? BECAUSE THEY'RE THE ONES BUYING YOUR BAGS! Remember there IS NO FREE MONEY IN THIS MARKET. Someone has to LOSE in order for others to GAIN! It all equals itself out! So with that said, you'll see I copied the bars pattern from august and pasted it right where we are heading. It shows a dip to the 1.90 area and I DO THINK IT IS POSSIBLE. Nothing is guaranteed of course. Maybe we'll turn up right now and not head below 2.10 again. Maybe we'll bounce off 2.00 (that would be too easy though right?), OR MAYBE... We'll scare A lot of people into selling us their bags by PUSHING THE PRICE DOWN TO 1.90. The important thing here is to not put your stop loss too high! it would be messed up if your stop loss was @ $1.94 and ADA quick wick bounces off of $1.90 and blasts to $2.40 - $2-50 while you're sleeping right? OF COURSE THAT IS IF YOU BELIEVE ADA IS WORTH MORE THAN $2.00 Which I DO! I believe ADA is undervalued right now big time. I THINK THE FUTURE WILL BRING MORE for Cardano than these times when NFT's and are blowing up and meme coins and others! Cardano is just more suited for those type of deals with GOVERNMENTS and BANKS and INSTITUTIONS that a sick of seeing the FLAWS of the competition! Imagine a DeFi coin gets hacked and the media blows it up! Well there's Cardano, yeah the TPS is slower than this or that but the tradeoff is for HIGHER SECURITY. You really have to BALANCE THESE THINGS all the way around and all the ADA HATERS don't realize that Charles realized that MANY MANY MOONS AGO! With a coin like this, analyzing charts and talking about the price almost becomes meaningless because YOU BUY BECAUSE YOU BELIEVE IN IT. NO MATTER THE PRICE, YOU KNOW IT'LL GO UP, Yeah it's taken a while and been slower to produce smart contracts BUT THAT IS SO MUCH BETTER THAN jumping the gun and making a little security flaw that gets hacked and makes the whole thing come crashing down! ITS LIKE MAKING A SOLID FOUNDATION for your house so no matter what storm blows through, YOU KNOW it's not falling down! It helps you sleep easy at night!
KRAKEN:ADAUSD
by Mboersma0324
3
Cardano (ADA) - 6h. Positive scenario - growth to $2.5-2.7A display of character is a good sign of strength. This is what has distinguished the ADA market over the past week. Having broken through the global consolidation upwards, the ADAUSDT price successfully survived all the turbulence of the cryptocurrency market, which was provoked by BTC. In addition, our previous idea worked: If before May 8, the ADA market confidently followed the rise in the price of BTC, then since May 9, the markets have parted ways. On the daily timeframe, we see that the Cardano (ADA) market experienced a fall in the price of BTC by more than 20% in consolidation above the broken range of $1.45-1.5. Given that the dominance of BTC continues to fall further and may soon be below 40% , the continuation of the independent movement of the ADA price is quite likely. For the final confirmation of the strength of buyers, we want to see a retest of the local range of $1.66-1.69 . This range is not quite noticeable as a powerful liquid zone: As you can see on the hourly timeframe , the ADA price calmly crossed it both up and down. However, it was this range that stopped the ADA price when it broke through the upper line of global consolidation. Confirmation by buyers of control over the range of $1.66-1.69 will be a bright signal for the continuation of the upward trend with the target of $2.5-2.7. An alternative scenario in the ADA market will come below $1.66-1.69. In this case, the white trend channel of growth, which buyers form from April 23rd, will become invalid. Then we will wait for the ADA price to buy in the range of $1.17-1.21. __________________________________ 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
48
ADA ANOTHER OPPORTUNITY!ADA/BTC LETS GO 0.00003 BTC!Ada has been one of the easiest top altcoins to make short time profit lately it has been playing between its supports and resistance every other day where we can make our short-term 5-10 % profit. However after the spike to 0.000026 BTC price level we have been seeing Ada getting dumped and dumped and we had retracement trend which we broke by making a reversal from a support and know we are fighting our resistances. We can see that twist in Stoch going to oversold area this are short term resistances and may be targets for some but my targets are higher than this. I will start short term targets or resistances too on my trades for alts it is just that for me and my members we have long term HODL targets due to where the market is now. Thank you and peace! Ashanti! Good Luck, Traders! #moon #mooncommunity
by farhadjafarov7