ADAUSDT's situation+next targets and expected movements.🤑The ADAUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- The Bottom of the Wedge area
- Falling Wedge Pattern
❗and the Upward signals of market momentum are:
- Divergence in MACD
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed.
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Adausd
CARDANO (ADA) SHORT | BEARISH BREAKDOWN Cardano cryptocurrency or ADA Coin had formed and broken down the Head and Shoulder Pattern on Daily TimeFrame.
The pattern is a bearish pattern and hence I believe price will drop.
Targets
1- 0.35
2- 0.30-0.31
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May.
So far, ADA has seen two price rejections at this level in the past two days.
A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470.
At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April.
Entry: $0.3700
Target: $0.3470
Stop-Loss: $0.3811 (above the resistance zone)
RR: 2
#ADA doomsday scenario cast!Inherent in the risk of buying your favourite #crypto
is to watch fade into non- relevance
coupled with a non event #BITCOIN halvening which will happen one day!
Just throwing out a what if scenario for #cardano
those levels yielded a wonderful opportunity twice before,
could it be a third time?
CARDANO (ADAUSD): Very Bearish Setup Explained
ADAUSD formed a huge head & shoulders pattern on a daily.
Forming the right shoulder, the price also made a descending triangle pattern.
Both the triangle and the h&s had the same neckline.
It was broken yesterday and a daily candle closed below that.
I believe that the coin may drop lower now.
Goals: 0.346 / 0.325
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Cardano ADA price has a ray of hope for continued growth The last time we came up with an idea for ADAUSDT was 5 months ago, and it's been working out great. The value of the Cardano token has doubled during this time.
The positive thing is that the ADA price has broken out of the falling trend channel.
However, there was one "But" during this time - buyers were unable to break through and gain a foothold above the powerful liquid level of $ 0.43
On yesterday's market decline, buyers of ADAUSD managed to keep the price in an uptrend, above the local purple trend line. That is, buyers don't want to give up easily, which is good and gives a ray of hope.
Given that, in the coming days, BTC sellers may try to drop the price below $ 26600-27000 to break the stops of long positions that are hiding there. The ADAUSDT price may also squeeze down, but it shouldn't be able to stay below $ 0.327-0.34. Fixing the price below this level could trigger an extension of the price drop to $ 0.27 and below.
A positive scenario is difficult in the current realities but possible.
It is necessary to break through to $ 0.55, then consolidate above $ 0.43, and only then will the path to $ 0.80 open up, and maybe even to the first "non-burning price" $ 1 (not million)))
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano formed a bearish head and shoulders formation, which is about to resolve soon. If confirmed, that would mean the price could break lower. ADA also lost 5.4% of its valuation this past week.
The key support at 38 cents is critical for this cryptocurrency as it will determine the price action in the weeks to come. The Bears appear to have the upper hand right now, but things could still go either way.
Looking ahead, expect volatility to increase as the price approaches the key support. If buyers cannot defend this critical level, then ADA could fall towards 35 cents next. The key resistance is at 41 cents should buyers suddenly return.
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ada short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ADAUSDT → Recovery on the back of market growth ADAUSDT forms a support base on the background of a technical pullback in the area of 0.3750-0.3800. An uptrend is forming after breaking the previous one.
Bitcoin recovered most of its fall yesterday. One of the main reasons is again related to the banking sector.
Cardano also reacts to the growth of the flagship. The price makes a retest of the key resistance area of 0.4000. If the bulls can take control of this area, the cryptocurrency may reach the previously mentioned targets in the near future
Moving averages act as a support area, an uptrend is formed.
Strong support: 0.3800
Strong resistance: 0.4000, 0.4600
I expect, that on the base of cryptocurrency market recovery cardano can overcome important resistance and will continue its growth in the direction of 0.5500-0.6000
Sincerely R. Linda!
ADA/USDT 1DAY UPDATEHello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Cardano managed to hold onto a price above 40 cents, despite the most recent correction that saw it test the support at 38 cents. This also allowed ADA to book a minor increase in the price of 1.4% this week.
The biggest challenge for ADA is to move above 40 cents which is the key resistance at this time. If the overall market remains bullish, then this cryptocurrency could explore higher levels.
Looking ahead, Cardano is found in an uptrend, and so far, buyers have the upper hand. As long as they can defend the support at 38 cents, the price has a good chance to move higher over time.
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ADA could rise at 0.5 and aboveAfter the high in the middle of April, AdaUsd started to correct and found support at 0.38.
With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable.
0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above.
As long as 0.38 is intact, I'm bullish
✅TS ❕ ADAUSD: broke an upward structure✅✅ ADAUSD has fallen below the resistance area.
The chart has broken the upward structure.
We believe that the asset will continue to decline. ✅
🚀 SELL scenario: short to 0.3829 🚀
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Remember, there is no place for luck in trading - only strategy!
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ADAUSDTADAUSDT
Thoughts
An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation).
Here are some sample thoughts for those who want to enter a position on futures:
ADA long
Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line)
🔘Position addition: 0.4005
Shoulder: 5-10X
🟢Take-Profit: 0.4960 - 0.5552
🚫Stop: 0.3736
Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -...
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Cardano: ending a reversal ?The price of ADA was strongly supported by the news about Milkomeda`s EVM project during the previous period, which pushed the price to the higher grounds and level of $0.46. Still, due to generally negative market sentiment, the price could not hold at this level, so it entered into a bit higher reversal down to $0.37 on Friday. Still, the coin is finishing the week by testing the $0.40 resistance line.
Two weeks ago RSI reached a clear overbought side, which was an indication of forthcoming short reversal. Cycle of reaching the oversold side is still not over, as the indicator finished the week around level of 44. On a positive side is that the MA50 is still diverging from its MA200 counterpart and is still supporting the Golden cross.
As of the weekend, buying orders emerged, which is generally positive for the coin. It means that the price could be supported at current levels during the week ahead. The market will continue to test the $0.40 resistance line, with lower probability that it might be clearly breached to the upside. On the opposite side, there is a weak probability that $0.35 support might be tested in the week ahead.
[cardano] by elo.Good 4vening anon,
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Cardano ascended through a quintet of waves,
originating at 0.0185 and culminating at the zenith of 3.0996,
before gracefully descending in an impeccable five-wave pattern.
A series of five downward waves often signifies either the commencement or the conclusion of a phenomenon -
in this particular instance,
I postulate that it merely represents the onset.
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Anticipated Wave B target: 0.86
Projected Wave C objective: 0.07
ADAUSDT Long ideaCardano broke the lower channel a few days ago and entered a higher channel. But with the decrease in the price of Bitcoin, I think there is a great opportunity to buy again in the retest to touch the top of the channel.
⚠️Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR