Adausd
Cardano is approaching strong ceilingCardano also had a nice run at the beginning of the year and after breaking above the falling wedge's resistance, the coin gained around 50%.
From my point of view, Ada is one of the weakest major coins and a rise to the strong resistance above 0.4 should be considered a good selling opportunity with and 1:3 R:R (at least)
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.
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 .
✅TS ❕ ADAUSD: before a reversal✅✅ ADA bounced down after reaching the resistance area.
The price is before the reversal.
I expect the decline to continue after the price is fixed under resistance. ✅
🚀 SELL scenario: short to 0.3463. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
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.
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
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?
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ADA USDT BINANCEAiming long for ADA.
A lot of Alts are going to pump imo.
.76 - 1.03 is a strong magnet pull.
Thanks for following.
Comment if you have any other ideas.
Don't get to greedy and make sure your taking profits on the way up when all these Alts start running.
This isn't financial advice, they are just my ideas and opinions.
DYOR
Change the trend in the daily timeframe will be providedAfter ADA took the range trend under the ceiling resistance of the main downward channel, this resistance was broken again yesterday with the support of buyers. Cardano's next targets on the chart are the $0.3750-$0.390 resistance range and the $0.43-$0.45 range, which could be short-term buyers' profit-saving areas. We can consider an ascending channel for ADA in the 4-hour time frame. As long as the bottom of the channel is not broken, the price increase can continue up to the specified targets. In case of breaking the first specified target, the potential to change the trend in the daily timeframe will be provided.
ADA can be pumped to 110%Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADAUSDT: Have the Bulls Finally Returned? 🫣| Jan. 20, 2023This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail.
The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally to $0.37 before pulling back.
After making good moves, ADA fell back to the support at $0.33. At the time of writing, it seems like the price has reversed from the support level, and we may see a continuation of the rally soon. If a strong reversal is seen from the current levels, the price will start approaching the resistance at $0.38 soon.
Traders must maintain caution as ADA is still close to the support and there are still chances of a breakdown. If a breakdown is seen, expect the price to fall to $0.30!
We will maintain a bullish outlook on ADA until it maintains its position above the support at $0.33.
The important price levels for this week are $0.33 and $0.38!
ADAUSD Potential for Bullish Rise| 20th January 2023Looking at the H4 chart , my overall bias for ADAUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Price has tapped into my pullback buy entry at 0.3294, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 0.3067, where the support and 50% Fibonacci line is. Take profit will be at 0.3808, where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ADA Futures ( ADAUSD3 ), H4 Potential for Bullish ContinuationTitle: ADA Futures ( ADAUSD3 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 0.37102
Pivot: 0.32890
Support: 0.30661
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD3 is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 0.37102, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 0.32890, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
ADAUSD Potential for Bullish Rise| 20th January 2023Looking at the H4 chart , my overall bias for ADAUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Price has tapped into my pullback buy entry at 0.3294, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 0.3067, where the support and 50% Fibonacci line is. Take profit will be at 0.3808, where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ADA Update: Triangle InvalidatedEarlier today I posted ADA looks ready to complete wave 1 up at $.39 level. In what looked like a clear triangle for wave iv of 5 has been invalidated with this move down. Therefore we have several ways to interpret this pattern.
First this is still wave 4 and nothing there is invalidated and the $.39 target area for wave 1 is still in play. Second, wave 1 is complete.
If my primary black count is playing out, we must hold the wave 4 of one lesser degree (indicated on the chart). If we get below that and then subsequently into the purple target box, then this is a larger wave 2 retrace.
Having just updated on ADA and identified in what looked like a triangle...I wanted to inform my followers due to recent price action, where we are.
Best to all,
Chris