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ADA: Identifying Local ResistanceHere we are looking at ADAUSD on the 4hr time frame… In trying to determine what Cardano will do next, let’s take a look at its current price levels. Since January first, Cardano has rallied with the rest of the market. In just the last 5 weeks, Cardano has rallied just under 70%! The question we must analyze in the short term is where this rally will run into significant resistance, as it has been relatively smooth sailing to this point... As seen on the chart, the parallel resistance channel seems like a strong zone to watch. Not only has ADA rallied 68% in less than five weeks, but it hadn’t really run into any significant resistance zones until now. I would expect ADA to continue bouncing between support (blue ascending line) and resistance (channel). I will continue to monitor this chart, and update you when there’s a development in its chart! Trade safely… Cheers!
BINANCE:ADAUSD
by GarethSolowayOfficial
6
ADAUSD Short Selling SignalLooks like my instincts were right on the money with ADA! I've been keeping a close eye on this one, and it's been in a downward channel since May 22nd. Currently, it's trading near the resistance zone and showing some clear bearish reversal signals on the daily chart - a inverted hammer, baby! I'm putting my faith (and 3% of my trading capital) on the line and shorting from 0.4 to 0.43. Ready to make some moves? Here's my setup for a swing: 📍 Entry: 0.4xx -0.43x 📍 Stop Loss: 0.46xx 📍 Take Profit: 0.2xx Always trade at your own risk and never risk more than you can afford to lose.
Short
by Chainslab_Analytics
2
Is it possible to start a move to continue the upward trend...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (ADABTC 1W chart) The question is whether it can move above the 0.0000 1641 to 0.0000 1786 and break out of the downtrend line. ------------------------------------- ---------------------------------------- (ADAUSDT 1W Chart) It is necessary to check whether there is a movement of shaking up and down based on the 0.3448 point. (1D chart) The question is whether it can sustain the price above 0.3819 and rise above 0.4380. If not, 1st: 0.3306-0.3448 2nd: 0.2772-0.3032 You need to make sure that it is supported in the 1st and 2nd. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
AW Cardano Analysis - Making Sense of This Deep Wave E...It's kind of hard to look at this Wave E as a weak 5-Wave because of its depth however I believe it's the only way to look at this. Of course, this is based on my recently updated view for the EURUSD, AUDUSD, Dow Jones, and ASX. We are looking for the last move down in Wave 5 across the board and Cardano is no different. After this move down, I see a large 5-Wave move to the upside that will extend well beyond all-time-highs. I expect Wave E of Wave 4 to not exceed the .59 cent level before the move lower. This does not mean that it will reach that level, it's just a guide to max length potential. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
BINANCE:ADAUSD
by AriasWave
Cardano Fibonacci target 0.4271Hey trader! This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ( 0.5117 , & 0.2417 ) can hold back the price and this is also reflected in the Fibonacci target price at 0.4271 . It can therefore be concluded that Cardano has strong potential to reach the previous resistance level ( 0.4217 ) and create a good return of potentially 22.47% for the speculative investor. I hope this analysis was instructive and that it can be used in considering whether Cardano will continue its imposed bullish trend.
Long
by Aksel_Rom
Cardano double top (bearish breakout)Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed which, upon breakout, could trigger a bearish trend down to the target at 0.1989 (as assessed by the Fibonacci ). I hope this analysis was instructive and useful for future consideration of Cardano .
Short
by Aksel_Rom
ADA IS BREAKING OUT !!!Hello Cardano community, I have conducted a simple technical analysis of Cardano and have identified a significant development. The cryptocurrency has recently broken a downtrend line that had been in place for an entire year. This suggests that the market sentiment may be shifting from bearish to bullish, potentially signaling upside momentum for the asset. Is now the perfect time to buy ADA? I would appreciate any feedback or additional insights on this analysis. Let's discuss and stay updated on Cardano's progress.
Long
by murkser
2
Morning Update: OMH for ADA should do itADA has extended nicely off the bottom. However we are coming into the 2.618 and 3.0 Fib Extension areas. Here I would expect a reaction that could start our retracement in wave 2. Again, I'll reiterate...wave 2's can be shallow, so to get cute and try to sell with the intention of buying back lower is risky. I got a lot of DM's regarding ADA asking will it come back down? I don't answer them. I am not in the trader counseling business. Buying and selling is your decision. If you sell ADA in this area, and we get a long consolidation or a shallow retrace followed by a "rip your face off rally above $.60"...please spare me the DM's. I thank you in advance...lol. Best to all, Chris
BINANCE:ADAUSDLong
by maikisch
8
ADAUSDT : Cardano Aims for Another +60% ⬆Hi Traders, Investors and Speculators of the Chart📈📉 Cardano looks like it's gearing up for another big move; currently consolidating under the resistance zone (which is bullish). Since the last update on ADAUSDT, ADA has increase 62% and from technical indicators RSI and Phoenix Ascending, it looks like it want's to do another 60% ⬆ with TP target just under $0.60. There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, you have to check out these two! USA Government Federal Debt crisis : Ethereum and ZK Protocol... in space: What are your thoughts on this? _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
31