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ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents. But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
6
Cardano (ADA) - July 23Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ADAUSDT 1W chart) Whether or not it can move higher than 0.6611 is key. (1D chart) The key is whether it can find support near 0.4619 and move above 0.5290. A move above 0.5290 is likely to break out of the downtrend line and lead to further upside. A move below the 0.3448 point or near the uptrend line could lead to further declines, so trade cautiously. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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.) ---------------------------------
by readCrypto
Cardano (ADA) • Great RR hereCardano chart is looking great. I think good odds we see an 80% rally from here. Most technical indictor on LTF are now aligning and structurally speaking price trading at or above 0.45-0.49 range. Trading under invalidates and requite reclaim of clear levels described above. Potential Targets toward 0.8 - 0.9 range. Using standard indicators Weekly MACD and RSI also primed for up move. Unless it fakes out by trading under 0.45. but I think odds are good for a break up considering low volumes produced on this last leg down. Does it mean it the end of bear market for Cardano? I don't think so Instead of trying call top/bots just follow the trends and technical structures is my advice.
Long
by D7R
2
ADAUSDT 12H Future of Cardano price will be decided at weekendIt has been 3 weeks since the publication of our previous idea for ADAUSDT, but in fact, almost nothing has changed on the schedule. The ADAUSD price is further traded in consolidation. Although the rebound of the price of ADA from the bottom for the past week was 30+%, it still looks weak in the context of consolidation. So it can be not to said with confidence that the buyers have won. So, the main task for the weekend for Cardano buyers is not to allow the ADAUSDT price to fall below $0,43-0,45. Completing this task activates the price movement along the blue route, with the first target $0.66 Force majeure, panic hysteria and a fall in the cryptocurrency market, or the banal lack of Ada buyers - these are factors that can help the ADAUSDT price to be below $0,40. Fixation of the price below $0,40 may provoke a further fall in the $0,28-0,31 zone. This should be remembered _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
34
ADAUSDT - Stop Hunt with Wyckoff Method📉📈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. A quick look at Cardano / ADAUSD / ADAUSDT . I believe that we are currently in the market cycle of accumulation , according to the Wyckoff Method market phases. The four phases of the market cycle are accumulation, markup, distribution, and markdown. During the accumulation phase, a new cycle begins that generates a trading range. The pattern often creates a strong resistance zone / failure point / spring . This is the precursor to another bull cycle, but it can last an extended period of time. The final moments of this phase will attract algorithm trading driven stop hunting , often observed near downtrend lows, where price drops just underneath key support and then triggers a sell-off. This is followed by a recovery wave that lifts the price back above support. So - What Is Stop Hunt ? Stop hunting is a strategy that attempts to force traders out of their positions by driving the price of an asset to a level where many people have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and this is often very obvious during the accumulation phase of the Wyckoff Method. If we take all of the above into consideration, the price of Cardano can still drop and fall within a range multiple times until a clear bottom is established and the next markup phase / bull cycle starts. In the video above, I take a look at possible bounce zones and a target for the SOS ( sign of strength, a price advance on increasing spread and relatively higher volume ). I have also highlighted the next phase of the accumulation cycle, the BU (back-up). At this point, short-term profit-taking occurs and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up (SOS) . Here, I did an analysis on Bitcoin / BTCUSD / BTCUSDT using the Wyckoff Method: Related news Highlights in Crypto : 📢Elon Musk claims crypto is not contributing to an environmentally sustainable future, also says that Tesla has not sold any of its Dogecoin holdings and he will be open to increase Bitcoin holdings again after recently selling 75% of Tesla's btc holdings 📢 Jed Mccaleb closes his infamous “tacostand” XRPUSDT account 📢UK Finance Minister announces that a bill for stablecoins will be introduced this week 📢Crypto exchange Bitstamp will charge inactive users a monthly fee of $10.20 📢XRP flips BUSD and becomes worlds 6th largest crypto by market cap 📢US Senator Cynthia Lummis says crypto regulation bill will only be considered in 2023 _________________ 👀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-
28
Cardano can double its valueSince the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value. However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom. The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance. At this moment we can consider a bottom in place and look for more gains. Important resistance is at 1usd figure with an interim resistance around 0.7 Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
COINBASE:ADAUSDLong
by Mihai_Iacob
16
Cardano in a tight .40 and .50 rangeLooking at the daily chart on Cardano it is easy to see the tight range between the support at .40 and the resistance at .50. In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this crypto as its been almost 30 days in this tiny range. .55 will be the next target as that was the most recent highs made on June 16th. .65 .70 are the last important areas to bust as those were the highs on May 31st and June 8th. I am leaning more bullish as some major cryptos seem to be looking a bit better the last few days but I will wait for .50 to get taken out first to be safe.
KRAKEN:ADAUSDLong
by Dancharles
1
ADAUSD | Wave Projection | Downtrend Double ZZ Channel BreakoutReady for long entry: Price action and chart pattern long entry trading setup > Elliott Wave double ZZ combination correction WXY with EMA200 as key dynamic resistance for major B-wave and EMA50 as key resistance for minor 2-wave and 4-wave > Downtrend channel sideway breakout - possible sideway continuation > Long entry @ EMA50 breakout > TP @ EMA200 for medium term trade > SL @ the lowest position wave 5 > RRR: 3:1 Indicator: MACD bullish divergence golden cross signal line merely below 0 Always trade with affordable risk and respect your stoploss
COINBASE:ADAUSDLong
by dukeposh
Cardano's Path to $0.55 (21% Short-Term Target)We had some drawdowns with Cardano before but this is part of the game. You can have a good trade do bad just as a bad trade can do good. This is a good setup and the previous ones but the market can turn that's why we define our risk and use a stop-loss. One can only lose a maximum of 100% on a trade. The upside potential (the profits potential) is unlimited... If we use a 10-20% stop, we improve the odds in our favor and that is what technical analysis is for... For us to put the odds in our favor and be able to make better decisions as to when to sell, when to hold. You can find the targets on the chart. The black arrow is for illustations purposes only. It rises, corrects in higher low and continues rising... The last low is always the stop. Spot trading is basically risk-free as we are bottomed out/near support. Leverage is high risk but also high potential rewards. Namaste.
COINBASE:ADAUSDLong
by AlanSantana
ADA/USD - 1 day chart analysisHere is a closer look at this ADA/USD 1 day chart: ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term Momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) The Ichimoku Cloud Base Line (Kijun Sen) is indication that the Mid-Point of the Mid-Term Momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indication that Momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still under the past price. Note that ADA is still in the Bearish Zone of the Ichimoku Cloud. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for the 1 day timeframe. Note that the Upper and Lower Bands are Pinching inwards at the moment. At the moment of typing this, ADA has dropped below its Least Squares Moving Average (LSMA). A daily candle close below the LSMA would be considered a Sell Signal for this indicator on this 1 day timeframe. ADA is still well below its Longterm Upwards Pitchfork Pattern Median Line and is also below its Lower Yellow Pitchfork Resistance Line. Looking at the entire ADA Chart we can see that the Volume Profile Visible Range Point of Control (VPVR POC) is at $0.041 and we can see the previous huge Volume Cluster from $0.096 to $0.033. This represents the area where the most volume was traded. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 13.988 still below its 9 Period EMA (Black Line) which is at 15.181. Negative Momentum has dropped with the -DI (Red Line) at 19.976 and Positive Momentum has also dropped with the +DI (Green Line) at 17.218. Looking at the Relative Strength Index (RSI) we can see that momentum is downwards at the moment. Note that the RSI (Purple Line) is below its 9 Period EMA (Orange Line) which is a sign of negative momentum strength. Note that the RSI still has plenty of room to drop before entering the Oversold Zone on this 1 day timeframe. If ADA breaks below its P Wave and its 38.20% ($0.431) Fib Retracement level then we may see an eventual drop to its 50% ($0.233) Fib Retracement Level. For the upside, we need ADA to stay above its LSMA and to eventually get back ABOVE and CLOSE a daily candle ABOVE its BB Middle Band with a successful re-test as support on this 1 day timeframe. Looking at this ADA 1 day chart really puts things in perspective, as you can see, ADA spent from March 2018 to March 2019 in the BEARISH ZONE of the Ichimoku Cloud which was then followed by about a year or so of a few rises and falls until March 2020 when ADA rose from $0.017 to an eventual new ATH of $3.143 in Sept 2021. Once this world wide recession and financial/crypto bear market is over be it in a year, 2, 5 or 10 years, eventually the Market Makers will decided that the Path of Least Resistance to Profit is…… upwards! So you have to position yourself ready so you can take advantage of the next parabolic rise up, not just in crypto but also stocks, commodities and indices. This is all my opinion so please do your own research because its you money. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
ADAUSD needs to break the 1D MA50 in order to avoid 0.200.Cardano (ADAUSD) has had repetitive rejections (4 in total) on the 1D MA50 (blue trend-line) since May 31. In fact the last time we saw so many rejections within a long-term Channel Down, was during the previous Bear Cycle of 2018. The inability to sustain a break-out above the 1D MA50, led Cardano to the final hyper aggressive flush of November 2018 that ultimately formed the bottom of the Cycle. Based on 1D RSI terms we also seem to be on the third (3) and final leg below the collapse, so if ADA holders want to avoid this, they need to see the price break above the 1D MA50 and sustain trading above it for a week at least. Otherwise the completion of a -93% drop from the top is possible at around 0.200. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ADAUSD
by TradingShot
3