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Is a 167% profit achievable? Take a closer look at ADA.Hello everyone! Today, let's look at the prospects of the ADA cryptocurrency. After a local correction, the asset began to move in an ascending channel. The first serious resistance level is located around 0.236 on the Fibonacci scale ($0.43 per coin). If this level is successfully broken, the asset will continue its upward movement to the next two strong Fibonacci levels at 0.382 and 0.618. At the last level, it is possible to get a profit of 167% on the spot. This is not a trading recommendation, everything you do is at your own risk.
Long
by TradeMyIdea
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
COINBASE:ADAUSDLong
by haroonsiddiki
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USDT chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Cardano (ADA) surged to a six-week high in today’s session, as markets reacted to the latest University of Michigan consumer sentiment report. Sentiment in the United States fell to a reading of 62 in March, from a final sum of 67 the month prior. ADA/USD surged to a peak of $0.4025 earlier in today’s session, following a low of $0.3709 on Thursday. This move saw Cardano climb to its strongest point since February 21, when the token reached a high of $0.4061. Overall, the surge came as the 14-day relative strength index (RSI) moved beyond a ceiling at the 60.00 mark. At the time of writing, the index is tracking at 63.67, which is close to the highest point of resistance at 64.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
Cardano RESISTANCE BROKEN! Cardano cannot be left behind when an ALTSZN comes. Cardano has one of the biggest ecosystems and it only keeps on growing which is a very important key factor to knowing which alts will go up the most. "Never underestimate communities" Even XRP,DOGE, SHIBA which people normally tend to throw hate all the time but they hold bigger communities than 99% of the cryptos out there. A remarkable thing we have seen inside Cardanos ecosystem has been some of those projects take off, for example AGIX. AGIX is part of Cardanos ecosystem and has been making a big buzz as its part of the AI . In my opinion, Cardano surely grabbed a diamond right there when they partnered with AGIX. AN IMPORTANT RESISTANCE HAS BEEN BROKEN which still cannot assure us of anything in the short term but in the long term it assures us the project will always remain there. Cardano is a blockchain platform that has been making significant progress in the field of decentralized finance (DeFi), offering a range of innovative features and benefits that set it apart from other blockchain platforms. One of the most significant positive aspects of Cardano is its highly secure and scalable architecture. Cardano's architecture is based on a unique consensus mechanism called Ouroboros, which uses mathematical algorithms to ensure that transactions are processed in a highly secure and efficient manner. This makes Cardano a much more secure and scalable platform compared to other blockchain networks. Another positive aspect of Cardano is its focus on sustainability and environmental friendliness. Cardano is designed to be energy-efficient and environmentally sustainable, which means that it consumes significantly less energy compared to other blockchain platforms. This is a crucial factor in the world of cryptocurrencies, as the energy consumption required for traditional blockchain networks can be unsustainable and detrimental to the environment. In addition to its technical advantages, Cardano has also been making significant strides in the world of DeFi. Cardano's platform allows for a wide range of decentralized applications (dApps) to be built on top of it, making it an attractive option for developers and entrepreneurs looking to create innovative solutions in the DeFi space. Overall, Cardano has been making significant progress in the field of blockchain and DeFi, offering a range of innovative features and benefits that set it apart from other blockchain platforms. Its highly secure and scalable architecture, focus on sustainability, and ability to support a wide range of dApps make it an attractive option for anyone looking to explore the world of cryptocurrencies and decentralized finance.
Long
by CryptoGao1
ADAUSDT Sleeping Giant: ADVANCE Next ⬆Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In this quick analysis on Cardano, we take a look at: 👉 Bollinger Bands Strategy : What comes next? 👉 Technical Indicator Phoenix Ascending : Where is the short term momentum, bullish or bearish? 👉 Trendline analysis : Local support zone and resistance zones in yellow 👉 Market Cycles : 4 Phases 7 & Wyckoff Method 👉 What NOT to do now The reasoning behind labelling this post as a "long" , is because I don't believe in trying to catch the exact bottom. this very often leaves you positionless and forces traders to try and jump in whilst the price is going parabolic. With a little more patience, from here the price could easily do a +260%, which is a modest target. _______________________ 📢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-
35
AGIX BUSD SHORT TERM SCENARIOHey guys! On my previous trade, we entered AGIX at around 0.029-0.32 and had two targets at resistance 1 and resistance 2 (numbered in chart). We reached resistance 2 which was our first initial target, long term I am bullish with AGIX and I believe we will break ATH and possibly $1+ but on the short term things are looking BEARISH . I have pointed the reasons why its looking bearish in the chart, I hope you guys can understand, if you have any questions feel free to ask me.
AShort
by CryptoGao1