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Cardano (ADA/USDT) Price May Not reach $1 So SoonAfter a long period of decline, the Cardano price trend is showing signs of becoming bullish. The ADA token has been falling for over a year without any indication of recovery. The price dropped into a liquidity zone, where buyers were scarce, hindering growth in 2020-2021. However, with the new trade set-up, the ADA price is trying to break out of the bearish pattern and increase significantly. Many believe that 2023 will mark a change in trend and that the Cardano token price will increase at least slightly this year. Since reaching new highs and failing to sustain a significant upward trend, the ADA price has been largely bearish. However, the price has been trading within a narrow range during H2 2022 and is expected to experience a strong bull run soon. After breaking out of the inner parallel channel, the ADA price is predicted to rise beyond $0.40 to $0.42, which is the first target for the upcoming rally. The second potential target for growth is around $0.80, which is expected to be reached by the end of 2023. However, bears have a strong grip around the $0.9 region and a significant rejection could cause the price to drop as low as $0.23. It is expected that the Cardano (ADA) price will remain bearish for an extended period, possibly even falling to $0.12 in 2023.
by Coinpedia-Market-Insight
1
ADA another -35%? 😱Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This looks ugly. Cardano broke down this triangle📐 and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)... ...but setting SELL LIMIT order to previous range low to add another short position on the potential pullback. ENTRY : local low @ 0.4313 STOPLOSS (SL) : local high @ 0.4825 TARGET (TP) : height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 0.2650 REWARD RISK RATIO (RRR) : 3.25 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
16
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Cardano (ADA) Cardano is about to close 2022 as one of its worst years. With a new low in 2022 at $0.24, there seems to be no stop to the current downtrend. After losing 5.7% of its valuation in the past seven days, ADA is still in search of support. At this time, the most likely support level to stop the downtrend is found at $0.20. This key level may provide ADA with some relief because it could entice buyers to finally return after being absent for most of 2022. Looking ahead, the outlook for this cryptocurrency remains bearish after losing more than 92% of its valuation since its all-time high at above $3. Hopefully, in 2023, ADA will be able to find support and start a sustained reversal to recover some of these most recent losses. 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
Evening Update: Did ADA bottom?When I started tracking ADA I stated I would not track ADA on a micro level. I still feel the same way, but I reserve the right to change my mind. I have added an additional 10,000 to my original 10,000 and have staked all 20,000 ADA on Kracken. This s not a position I am trading in and out of. However I will say, the long term chart looks like it's coming into trend line support but would like to see $.33 breached to start to give me confidence we have struck a long term bottom. Sorry, no micros. Best to all, Chris
BINANCE:ADAUSD
by maikisch
4
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action. Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash. I hope that you enjoy to trade cryptocurrencies to short position. Good Luck!!!
BINANCE:ADAUSDShort
by harisonhbn9718
1
Don't miss opportunity for Long position ADAUSDThello guys we have a very good opportunity for ADA long position As you can see in the chart, ADA touch the bottom of the channel and it may have an opportunity to rise by 3~4% from here all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Long
by expay24
Cardano ADA can be the hidden gemToday it’s time to talk about Cardano, my last trade on it was quite successful I was able to catch the countertrend trade. You can watch it here👇 I also consider now that ADA has found it’s local bottom and we can use this opportunity to trade. I have tried a lot of different technical analysis approaches and found that best way to trade crypto is the Elliott waves confirmed by trading chaos tools. On the 1D time frame of the ADAUSDT chart of the WhiteBit exchange I have drawn the considered waves structure. Cardano is printing the last global bearish wave 5 like the entire crypto market. I suppose that the wave 3 inside last bearish wave have been already finished and now the price set the local bottom. I concluded it because of the reaching the target level 1.61 Fibonacci extension, which is a natural level for the wave 3. Moreover wave 3 has the clear internal structure. Awesome oscillator showing us the wave 3-3 bottom because it corresponds to the minimal value. Wave 3-5 I suppose has been already ended. The wave is extended and longer than wave 3-3, but trading chaos approach helps us understand that. We can trade the corrective wave 4. I suppose it is going to print the flat or irregular correction because the wave 2 was represented as a zigzag. Waves 2 and 4 usually have the different structure. I have already opened long trade with the target at $0.34 because the 0.38 Fibonacci retracement is located there. This is the natural target for the flat correction. After that I expect the last wave 5 inside wave 5 and the end of the bear market. I think ADA can form it’s bottom even earlier than Bitcoin and it has much more potential to grow in the new bull run. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Long
by Skyrexio
17
ADA have entered a section that requires a long breath.Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADABTC 1W chart) It has fallen in the area where the power of the rise can be obtained. Therefore, there is a possibility of a sharp decline, so you need to think about how to respond to it. ------------------------------------- (ADAUSDT 1W Chart) In order to show a mid- to long-term uptrend, it must rise above 0.3448-0.4380. To do so, the key is whether it can be supported above 0.2772. If not, I expect it to fall below 0.1720. (1D chart) The key is whether it can rise above 0.2772, which is an important volume profile section. If not, I expect it to fall below 0.2102. It is important if it can rise above 0.3147 to show a short-term uptrend. As it falls below 0.2772, it is judged that it is entering the long-term investment zone. Therefore, I think it is good to use a trading method that increases the number of coins corresponding to profit with a long breath. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (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
2
ADA - cardano update ; an alternate bottom theoryADA - cardano update ; an alternate bottom theory Yellow fractal is the same as the other one but stretched out. The momentum signature fits quite well. Zoom out on the chart to see the momentum similarities. Would mean the bottom is very close and quite soon. Double tap then up only. That bigger drop option, the momentum doesn't feel right. note the chart i did back in december i think it was; attached. macro is pretty darn bad still, everything is still melting, inflation still high, dxy looks like it wants to pump again, at least double top imo, soooo not sure how a bottom could be close. but maybe huh, the financial world is a big irrational casino right now. anything could happen. going to keep a close eye on this. imo ada is the perfect 'market signaler'.
BINANCE:ADAUSD
by Crypto-Quantum-Fox
13