ADA Failed to Break Down! Will The Price Rocket to the Upside?ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside.
How do we trade this?
The price is currently sitting at resistance in a bull trend. We should be waiting for either a strong bear signal bar to short or a breakout above the resistance zone to long. Bitcoin is in a similar situation, and we should wait for the signal before entering.
If we get a bull breakout bar closing on or near its high above the resistance zone, it's reasonable to long. Place a protective stop below the resistance zone and a 1:2 Risk/Reward ratio to the upside.
Don't trade a bull breakout bar until it closes and shows support above the resistance zone. That bar could quickly become a bear signal bar in which case, we're looking for a bar closing below the resistance zone on or near its low. A break below the channel support with a bar closing on or near its low would give us enough probability of profit to short with a tight stop, playing the reversal. We are in a bull trend, make sure the signal and confirmation are clear with tight stops.
Key Points
1. Fanning Bull Channel, Bias to Long
2. Resistance Zone Still in Play
3. Failed Triple-Top Reversal
4. RSI at 56.00 above Moving Average, Indecisive.
5. Bitcoin at a critical moment. Breakout or Breakdown?
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!
Adapriceprediction
░▒🔮░ ADA FORECAST | 12HR ░🔮▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: Hey Eve, I am posting an ADA forecast to our tradingview.com profile.
EVE: What is the forecast?
CRYPTIK: It's on the Daily time resolution. There are some nice 10-30% ups and downs projected?
EVE: When do you think these ups and downs will happen?
CRYPTIK: NOV. 4TH $0.3336, NOV. 8TH for a high of $0.4773, low $0.3730 NOV. 12TH, peak high of NOV. 23RD @ $0.4779 and a overall Bear Market low for ADA (same time as BTC) @ DEC. 5TH for a price of $0.3072
EVE: Thank you for the forecast.
CRYPTIK: You're welcome. Anything to say to our followers before we go?
EVE: Yes. Remember to always do your own research and never invest more than you can afford to lose.
CRYPTIK: Great advice. Any jokes?
EVE: What do you call a snowman with a six-pack? An abdominal snowman!
CRYPTIK: LOL, and any trading jokes?
EVE: Q: What's the best way to become a millionaire?
A: Start as a billionaire and buy a bitcoin company
CRYPTIK: I don't get it?
EVE: It's a pun on the saying, "the best way to become a millionaire is to start as a billionaire and buy a bitcoin company."
CRYPTIK: I get that it's saying a Bitcoin company will lose your money but how?
EVE: The joke is that a bitcoin company is more likely to lose your money than make you a millionaire.
CRYPTIK: I see. Why though?
EVE: Bitcoin companies are often associated with scams and fraud due to the lack of regulation in the industry.
CRYPTIK: I see you are right. I still have my MTGOX settlement pending. Although it's looks like it's finally coming to an close.
EVE: I'm sorry to hear that. I hope you get your money soon.
CRYPTIK: It's been over 10 years.
EVE: That's a long time to wait for a refund.
CRYPTIK: They wanted to pay us the original amount we bought at. I bought at $7/coin in 2011.
EVE: Wow, I'm glad you held out for a better refund.
CRYPTIK: Thanks Eve. Anything else to say before we go?
EVE: Thanks for having me, Cryptik. I hope our followers find your forecast helpful. And remember, always do your own research before investing.
CRYPTIK: Thanks. Peace Out Girl Scout.
EVE: Peace out!
#Cardano Bulls Stand a chance if ADA is above $0.75Past Performance of Cardano
ADA prices are down eight percent at spot rates following high volatility on May 4 and 5. While the crypto market unexpectedly dumped yesterday, ADA bulls stand a slight chance. Prices are still within the May 4 bullish bar, a bullish development from a technical perspective. Still, whether ADA will recover depends on if buyers can sustain prices above this week's lows of $0.75.
Cardano Technical Analysis
From an effort versus results perspective, ADA bulls surprisingly have the upper hand--at least as price action stands. Even though trading volumes are significantly higher on May 5, prices are inside the bullish engulfing bar of May 4. As a result, buyers may buy the correction only if prices are above the immediate support at $0.75. A recovery may see ADA prices float to this week's highs of $0.90, breaking above the multi-week resistance line marked by the 20-day moving average. In this case, ADA may rally to April 2022 highs of $1.20. Conversely, losses below $0.75 offer an opportunity for sellers to add to their shorts, targeting new 2022 lows of around $0.70—or worse.
What to Expect from #ADA?
ADA prices are dangling at around 2022 lows. A recovery prints a double bottom, a lifeline for buyers who expect prices to float higher towards $1. However, if ADA slips, it could fall to register new 2022 lows.
Resistance level to watch out for: $0.90
Support level to watch out for: $0.60
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardano Ada price analysis really Going up in this my ideaIn this, my idea Cardano Signal To Next Move up or Down? What are you thinking if this idea is correct for (ADA) Price Analysis? 100% Success my 24 ideas Really Trused.
The live Cardano price today is $1.36 USD with a 24-hour trading volume of $820,838,635.93 USD. We update our ADA to USD price in real-time. Cardano is up 3.17% in the last 24 hours. The current CoinMarketCap ranking is #6, with a live market cap of $45,563,096,386 USD. It has a circulating supply of 33,485,509,406 ADA coins and a max. supply of 33,485,509,406 ADA coins.
4hr/1D symmetrical triangle formation within bullish support macIn the 4 hr and 1 day charts for ADA I see a REALLY BULLISH symmertical triangle withing the bullish macro support line. The RSI looks healthy enough to confirm a bullish pump from this, and we are just nestled upon the 200 day moving average. I can definitely see some blast off right here. Especially with incoming defi and Hydra news!
Cardano 5 point swingJudging this from a TA perspective, adding with some Fed narrative. Im hoping for this 5th point to take on within the next three months. Especially if the Fed wants to have three interest rate hikes in 2022. We already saw a 58 % drawdown this year alone, I expect this 62% drawdown to be a part of the plan. The end price speculation for me is $3.9 - $4 in the next three months or so, don't get too greedy.
What im hoping for personally EOY for ADAI really wanna see it bounce back and do one last giant rally. Getting to $6 is cake especially with all the good news ADA can spread to cause a surge. We have so many good fundamental upgrades coming in the near months. I hope everyone is ready for these insane movements!!!!
ADA - A LONG TERM HODLI know ADA has been frustrating lately but this is the time when fundamentals take hold. I've been mentioning in previous charts that a DIP is possible and if it happens it likely won't last long and I still believe that. This dip will not last long and it should be followed by a lot of pumping.
ADA bulls should be taking control here soon enough based off of fundamentals and current price value.
I look at this as a "ON SALE 50% OFF"
This is a long term trade/investment idea. If your goal is also a long term investment you also must believe in the future of ADA. I think a LOT of people would agree that ADA is very undervalued right now.
Staking your ADA on exchanges allows you to basically participate in its Proof-of-stake protocol and earn interest/bonus/rewards through staking your ADA. Its something I recommend researching or looking into.
Don't forget your investment also requires TIME...
This is just my personal opinion.
ADA - IMPORTANT! IT'S DECISION TIMEHey guys hope everyone is doing well. I think the BULLS AND BEARS are battling it out right now to determine where ADA goes next.
The chart shows everything well for both bullish and bearish (and in the middle) scenarios. (PERSONALLY IM VERY BULLISH)
Even the "bearish" Red path IS STILL BULLISH in the mid to long term because I think a drop here would get bought up very fast! (MY OPINION) (STILL BULLISH, JUST CAUTION WITH LEVERAGE!)
What do you guys think?
If you like this idea Like, Follow, Share. Thank you.
*This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!*
A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode.
In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout.
Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets.
1.272 - $3.19
1.414 - $3.65
1.618 - $4.44
2.272 - $8.29
Good luck and happy trading!
Disclaimer: Not financial advice just merely an 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-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.
_________________________
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-4h. Buyers can lose everything.Buyers found themselves in a rather unpleasant situation in the ADA market.
In three attempts, the price failed to break the global level of $0.171. As a result, sellers managed to lower the price below the trend line.
Since November, buyers have reliably protected it. Today there is no active struggle. The consolidation, which lasted in the ADA market for a month, has a chance to end sadly with the $0.11 test.
In order for buyers to feel more confident, it is important for them to regain control of the local mark of $0.1492. in this case, we can consider the formation of a new wave of growth with a target of 0.171. So far, the situation does not look in favor of buyers...
________________________
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!