Mid-term bearish channel!ADA has hit the bottom of its mid-term bearish channel at $0.30 over the past week after continuing its downward trend, and with a market-wide pullback, Cardano has also been supported, giving it a 7% gain. The bottom line is that mid-term and long-term sellers' strength is still high, and price reaction to resistance levels is still possible. In the 4-hour time frame, there is a past resistance for Cardano, which is in the $0.340-$0.350 range.
Until this level is broken, the short-term trend cannot be bullish. But the price growth can continue up to the range of $0.345. After that, there is a possibility that the price will enter a range area in the 4-hour time frame. If Cardano breaks the resistance of the $0.370 range, it can grow up to the ceiling of the descending channel at the price of $0.420 to $0.440.
Adausd
✅TS ❕ ADAUSD : still in the support✅✅ ADA is still in the support area.
The price has already started a correction and is moving up.
I expect growth.✅
🚀 BUY scenario : long to 0.34.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Weekend Update: Starting Coverage on ADA: Cardano Those who follow me know I'm a fan of Tier-1 Crypto (BTC, ETH and SOL). But I have been keeping tabs on ADA for a while now from a price action standpoint. Its layered architecture seems to be an interesting alternative to other ecosystems; as well as, the network can become more decentralized than others. ADA would NOT be a utility contender to the likes of Solana. It is PoS like Solana but its TPS is not even worth discussing when even mentioning Solana. That is not a ringing endorsement for ADA but considering it's TPS is still 15X faster than ETH and almost 30X that of BTC, its other attributes are interesting to me. Nonetheless, I believe the Solana ecosystem can learn something from ADA regarding the 2 most prominent features I can attribute value to above.
From a technical standpoint, ADA is in much the same position as Tier-1 with one exception...it's start. I have discounted the entire pattern from inception to March 2020 as its participation is something I would not associate applying EWT to. If anyone has concerns, questions on why I have chosen to do that, please leave a comment. From that timeframe, the above chart applies.
I would anticipate that ADA will strike the .382% extension of the initial pattern I'm counting sometime in the next two years. The .382% should represent wave i of I of 3. Wave 3 could take a decade to unfold, and if ADA is just following an ideal path, could be worth a whopping $1,381.00 in 2030-2035. I will update this chart from time to time but only on a daily increment basis. Even though I have added it to my coverage basket, I have no plans to post micro counts and hover of each and every price machination into the future. My conclusion is ADA could be a very lucrative investment to buy, stake and forget about it.
Prior to posting this update: I did purchase 10,000 ADA and will stake in either my Trust Wallet, or my Atomic Wallet....currently sitting in my Coinbase Account.
Best to all,
Chris
ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022
This week, we will stick to the 4-hour time frame to analyze the price action in detail!
The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday.
Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34.
The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit!
Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance.
The important price levels for this week are $0.34 and $0.38!
ADA's situation+ Target PredictionADA had a good Trend line which was broken a few days ago and now the Price has created a Falling Wedge. This means the price will try to increase right now! the break out hasn't happened yet,but when it happens the price will go around 0.37$(the top of the falling wedge pattern) just wait for a positive reaction from the bulls.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
ADAUSD ❕ upward channelCardano is moving in an uptrend channel and the price has now reached the upper boundary.
On the 4H Timeframe, the TD Sequential indicator has formed a reversal signal downwards.
Price is testing 50EMA as resistance (4H TF)
On 30m TF the ADA and RSI have formed a bearish divergence.
I expect a correction if price holds in the channel.
ada will buypreviously ada has fallen deeply but it was broken the daily trend line which made the ada fall.so as the overall we can expect a rejection higher after breaking strong trend line in daily time frame.also in the 4H time frame ada has a struggling with a nother trend line so we can see a little manipulation on that area between the trend line and previous resistance which now became the support , but it will break to the higher because the overall trend is bullish
✅TS ❕ ADAUSD: support level✅✅ADA reached the support level and bounced up.
The main trend is downward.
Be careful.✅
🚀 BUY scenario : long to 0.35.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cardano Breakout ConfirmationI think Cardano has now confirmed it's breakout.
I expect some volatility in the coming days.
I believe Cardano will act very independent from BTC.
Meaning I don't think it will be affected much by BTC swings as some other crypto currencies.
I believe Cardano will retest ath's in this next push up and reach $4+.
Cardano non popular chart 💔Update:
Cardano non popular chart 💔
I HODL ADA for long-term
Looking on weekly chart without emotion and bias...
ADA might correct🔻much lower dear Crypto Nation
Even $0.095 or $0.053 would not be the end of future price gains - just Log-Fib
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Cardano (ADA) - November 22Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ADABTC 1W chart)
If the price stays in the 0.0000 1593 to 0.0000 1944 range or above, it can be interpreted that an upward force exists.
However, since the volume profile section is formed over the 0.0000 2147 ~ 0.0000 2982 section, it is expected that there will be restrictions on the rise until this section is exceeded.
-----------------------------------------
(ADAUSDT 1W Chart)
The key question is whether it can rise to the 0.5184-0.6834 range.
To do so, we need to see if we can sustain the price by moving above 0.3321.
(1D chart)
It is the most important section from the current position, the 0.5184-0.6834 section, and the key is whether it can be supported by rising to this section.
To do so, it must rise from a falling channel.
The point at which it can be considered to have risen from the downtrend is when it rises above 0.3621 and maintains the price.
If it breaks out of the downtrend channel, it should find support near 0.2772 and rise.
If not, you'll most likely be entering the realm of long-term investing, so be cautious.
Finding what's most important at where the current price is located is the first step in creating a trading strategy.
The key points in the current price range are 0.2772 and 0.3621.
From a mid- to long-term perspective, the 0.5184-0.6834 range is the key range.
-------------------------------------------------- -------------------------------------------
** 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.
** SR_R_C 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.)
---------------------------------
✅TS ❕ ADAUSD: reached the support✅✅ ADA has reached support and even passed it.
The momentum is not very strong yet and a reversal is possible.
I expect a correction.✅
🚀 BUY scenario : long to 0.35.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADA/USD - still in its Falling Wedge PatternHere is a closer look at this ADA/USD 1d chart.
Just like BTC, ADA is still in its massive Falling Wedge Pattern.
Here is a closer look at the Average Directional Index (ADX DI).
Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price ready to ride the next cycle upwards.
Strength of buyers!ADA continued its downward trend without the strength of buyers. The price of this currency, which has penetrated a very important support range, has stopped at the range of 0.32 to 0.30 dollars with positive reactions. If Bitcoin does not have a heavier fall and at least continues its range trend, there is a possibility of Cardano price growth and moving toward the $0.35 resistance. But for further growth, special support from buyers is needed. Because the condition for the upward trend in the 1-hour time frame to break this resistance. The current range is at the bottom of the medium-term descending channel.
Therefore, if this support is broken in the bearish scenario, a stronger bearish wave can be formed, the first support of which is in the range of $0.22 to $0.23, and the second support is in the range of $0.17 to $0.18, and the price of Cardano only if This range meets the formation of a heavier downward wave than the previous wave in the market. But the thing about this support is that considering that there have been good reactions in this range in the past, there is a high potential for a strong positive reaction in this range.
ADA Cardano Long?ADA Cardano Technical Analysis:
- There is a formation of a falling wedge creating lower lows: falling wedges tend to break to the upside.
- Previous Falling and Rising wedges have played out already.
- Will the current Falling wedge break out to the upside?
- A BULLISH Divergence is also forming on a 1HR Chart
-- But how far upside? Take a look at the POC - point of control price and volume at the red line. $0.40
--- Will we make it to $0.40 based on the technical? What are your thoughts?
Follow for daily charts. Cheers
ADA Cardano
#ADA # Cardano
ADA broken the downtrend and aiming higher!Lots of good news from ADA and community might push the future price higher for Cardano.
Broken the Downtrend line with decent volume.!
Stop - 0.3210
Targets mentioned on chart..
Total no. of Analysis : 20
Successful trades : 12
NPNL : 3
Stop Hit : 3
Lost : 0
In Progress : 2
Safe Trading!! Cheers!!
✅TS ❕ ADAUSD: support level✅✅ ADA has almost reached the support level.
The price has already bounced from this level.
We can expect a second rebound up.✅
🚀 BUY scenario : long to 0.375.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
░▒ ADA | FIB CHANNEL | 12HR ▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: Eve, I am publishing another ADA post to our tradingview.com profile.
EVE: What is it about this time?
CRYPTIK: For now just a simple Fibonacci Channel. I will use this as a foundation for additional trading and teaching of my tracking techniques.
EVE: Sounds great. I'll be sure to check it out.
CRYPTIK: Do you have anything you would like to tell our friends/followers?
EVE: Just that I'm looking forward to seeing more of your work. Keep up the good work!
CRYPTIK: Thanks, any jokes?
EVE: Why did the chicken cross the road?
To get to the other side!
CRYPTIK: lol, Eve! Is that the only joke you know? Recently you told a modified version of that say, "Why did the chicken cross the road? To get to the other side (of the bear market).
EVE: Haha, well I guess that one is pretty timely given the current market conditions.
CRYPTIK: Any other jokes?
EVE: Why did the bitcoin cross the road?
To get to the other side (of the $20,000 mark)!
CRYPTIK: haha.
EVE: Why did the Ethereum cross the road?
To get to the other side (of the $2,000 mark)!
CRYPTIK: lol
EVE: Why did the Litecoin cross the road?
To get to the other side (of $100)!
CRYPTIK: You are on a roll.
EVE: Why did the Monero cross the road?
To get to the other side (of anonymity)!
CRYPTIK: OK Eve. Anything else of value to add?
EVE: Nope, that's all for now. Thanks for having me!
CRYPTIK: Peace Out Girl Scout.
EVE: Bye!
ADAUSDT - Jan 2021 Fractal: BUY ZONE for +550%Hi Traders, Investors and Speculators 📈📉
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. Daytime job - Math Teacher. 👩🏫
ADAUSDT Lost a crucial support zone @40c. The next immediate support zone is only at 22c. From here , I expect the price to hover around and trade sideways until the next bullish cycle arrives (you may need some patience for that) . The spot profit potential could be up to 550%; as this is how high the price went the previous time it touched 22c in a fractal during January 2021. So not considering the IMMEDIATE term, I am bullish on Cardano from 22c because there could be a high demand zone there.
The Cardano video I mention is this one right here; a few days ago when I called the continuation of the bearish market early:
_______________________
📢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