Cardano : repeating bear market shape UPDATE Cardano : repeating bear market shape UPDATE
just an update to the last idea (attached), things have become a bit clearer, adjusted the fractal to suit. only thing that is unclear with that idea is whether we get one more fake bounce for a bit or not..
its obviously following the last macro bear moves. question is does it diverge, and when? if it does stop following this i'd expect it to around this price point pivot.
gl
Adausd
Trading opportunity for ADAUSDT CardanoBased on technical factors there is a Long position in :
📊 ADAUSDT Cardano
🔵 Long Now 0.4250
🧯 Stop loss 0.3737
🏹 Target 1 0.4900
🏹 Target 2 0.5400
🏹 Target 3 0.5900
💸RISK : 1%
We hope it is profitable for you ❤️
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The next target of buyers!ADA recorded good price growth during the last week. Cardano's price reacted positively with high trading volume as it hit a good support area at the bottom of the short-term descending channel. I expected a positive reaction from this area. The price has grown up to the midline range of the channel, i.e., the resistance of $0.415-0.430, and after the collision, a negative reaction has been observed due to the bearishness of the overall trend. With the good growth recorded, Cardano's trend in the 4-hour time frame is bullish due to the formation of higher ceilings and floors. Also, the support of the previous ceiling range at the price of $0.38 has prevented the price from falling further.
The point is that due to the strong reaction seen in the first encounter with the $0.415 resistance, there is a possibility that the price will enter a range trend for Cardano. This trend can continue between the specified levels, and in general, as long as the support is held, the resistance is more likely to be broken. If the resistance is broken, the next target for buyers will be in the range of $0.46 to $0.47. This target is near the ceiling of the descending channel, and a stronger reaction can be expected from it.
✅TS ❕ ADAUSD: bounced off✅✅ ADA bounced off the resistance level.
But it is possible to form a second vertex.
After that, you can expect a fall.✅
🚀 SELL scenario: short to 0.346.🚀
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ADA Short SetupHello, dear TradingView members.
This is an ADA idea.
ADA is showing good short opportunities.
As you can see on the chart, it has reached a very powerful resistance level.
I'd suggest this short setup for a long-term trade. You can enter with a 5x leverage (max).
Entry: $0.4035
TP: $0.2781
SL: $0.4301
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ADAUSDT Major rebound to the 1D MA50, unbroken in over 1 month.*** ***
For this particular analysis on Cardano we are using the ADAUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where ADA is following the general market bullish sentiment (led by Bitcoin), rising by more than +15% in a day and is about to hit the 1D MA50 (blue trend-line). This level has been unbroken since September 13. The first short-term bullish break-out was done today as in the meantime, the price broke above the (dashed) Lower Highs trend-line of the September 10 High.
A break above the 1D MA50, would be the second short-term bullish break-out and can target the top (Lower Highs trend-line) of the Falling Wedge pattern that is dictating the trend since the May collapse. A break above that level, if it coincides with a break above the 1D MA200 (orange trend-line), would be a medium-term bullish break-out and targets the August 15 High. The level that would shift the trend back to long-term bullish territory would be the 0.6900 May 13 High.
Note that an additional signal for a medium-term bullish break-out to pay attention to, would be the RSI (on the 1W time-frame) breaking above the 40.17 Resistance, which made a Double Top so far both on August 14 and September 11.
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CARDANO HELLO GUYS THIS MY IDEA 💡ABOUT ADAUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Cardano (ADA) – pump to $0.4 and then crash!Hello, everyone!
Last time I told you that Cardano flashed the insane long signal and I bought it at $0.37 and 0.35 for 10% of deposit in total. Yesterday I found that I made a mistake on Bitcoin analysis. The final target for the BTC bear market is next to $12k. In this case ADA will reach $0.24 in next couple of weeks. I will show you next time the global scenario for the Cardano. Today I wanna show you that $0.4 is the reliable target and there I will close my long trade.
On the picture we can see the wave 3 in the global wave 5 in details. The most rapid part of this wave have been already ended. 1.61 Fibonacci extension have been perfectly reached, it means that now it’s time of the upside correction in the local subwave 4. I expect zigzag ABC. Fibonacci 0.5 retracement is the reachable target which is located approximately at $0.4. I plan to exit long here and open short position.
Best regards, Ivan
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Cardano (ADA) - October 23Hello?
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(ADAUSDT 1W chart)
The key is whether you can climb to the 0.5184-0.6834 section.
(1D chart)
1st resistance: 0.3974
2nd resistance: 0.4893
Support: 0.3321-0.3448
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ADA - 47% CRASH | Buy here!
I am very bearish on specific altcoins such as ADA, XRP, SOL, LUNC, SHIB and much more. Why? Because the charts are terrible and I don't even know why you should buy these overpriced altcoins that will never make you rich. Some gains are possible, but you have to focus on altcoins with low market caps, not these Giants.
It's too late for the party. I am not saying these altcoins are bad. These coins are great, but the market cap is too high and whales want to buy them at a cheaper price.
Cardano is in a massive downtrend, basically in a free fall mode, and another 47% drop is likely in my opinion. There is pretty much nothing bullish on this chart; the bulls completely disappeared.
You can buy ADA at 0.1841, at least for a short-term bounce (150% - 300% profit). I will inform you about possible targets next year, so do not miss it and follow me!
The price is printing a falling wedge pattern and a descending triangle. As you can see, the bears destroyed the triangle without any problem!
From the Elliott Wave perspective, the market structure is insanely bearish and I expect 2 huge impulse waves downward to complete a major ABC correction.
The bears are in power and I would not play with them at all cost. We need much more time to recover from this abyss.
Look at my ideas about XRP and LUNC in the related section down below.
For more analysis, hit "Like" and "Follow"!
Cardano could to carry down the price to $0.22 centsIn this weekly analysis, we see another and possible crash of -42% in the price. And now, Cardano break down this descending triangle and we can to expect a pull back and then, entry in the short position following the projection.
Also, for your recommendation don't buy Cardano in this end of tis bear market, starting to buy Bitcoin and hold Bitcoin or use part of them to make trading in the financial market. A good strategy it's using Cardano dominance and check out Cardano/Bitcoin correlation, for you, Cardano still bearish in this correlation in front of Bitcoin value.
So guys, that it's all information that I can to bring you and be prepared for this crash!!!
Cardano ADA 3 Weeks ForecastOn November 8th we will have the Midterm Elections in the U.S.
I think we will see a 3 week rally ahead of the elections, followed by a sharp decline afterwards.
The small bull run should start this week!
ADA/USDT
Entry Range: $0.35 - 0.38
Take Profit 1: $0.46
Take Profit 2: $0.58
Take Profit 3: $0.69
Stop Loss: $0.31
Cardano (ADA) – insane long today!Hello, everyone!
I know that we are tired of waiting the insane long signal on Bitcoin, that’s why I decided to find another one coin which have the potential of immediate reversal. It’s the Cardano (ADA).
Let’s take a look at the 1D timeframe of ADAUSDT. It has the textbook Wyckoff accumulation schematic. Now the price is in the most valuable place – spring, the fake breakdown of the trading range on the decreasing volume. I consider 90% probability that ADA can find it’s bottom today or next couple of days. Moreover this coin is about to flash the insane long, on the 1D timeframe it’s the strongest signal. My plan is following: to wait for the first increasing bar on the MACD histogram and open long trade with the stop-loss below the low.
Guys, you know me as a Bitcoin trader, but I decided to select altcoins which are very close to it’s bottom. Please let me know in comments if you are interested in my review of such coins.
Best regards, Ivan