Cardano's Desending Wedge Setup, will it shrug off macro woes?Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside?
Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the potential for a significant bounce in the major cryptocurrencies.
A potential bounce could see a 50-100% upside for major Altcoins that are down over >75% from all time highs. With Bitcoin and Equity index spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Adausd
Chainlink's Desending Wedge Setup, will it shrug off macro woes?Will the major altcoins (ADA, LINK, UNI ) descending wedge setups, be the signal for a breakout to the upside?
Or will continuing macro woes make the TA analysis null and void.
Potential bounce might be coming over the next two weeks in equity markets. Spurred by the strong support at the 200 daily moving average.
Time to wait and see.
Cardano forming a symetric triangle to overview now!!!Cardano price forming a symmetric triangle in 3 Daily timeframe and it's in this clearly consolidation that could to up to $0.61 cents again to watch this smart price to sell this cryptocurrency, and also entry in the smart point to sell and following the trend always.
So, I will closed up my short now because crypto could to up a little ,but it's not to the moon and always following the trend it's a key to learn very good.
In Daily timeframe, we formed a demand zone over here around $0.47 cents and price continue climb to see now a possible chartist pattern in formation.
So guys, I have this perspective shorting ADA in 3 Daily timeframe. I expect that the price climb to $0.61 cents approx. and then wait to entry in short position in that zone to sell Cardan toward my new point $0.20 cents. This it's a crash of almost 70%
I hope that this idea support you
ADA breaks above $0.500, gaining 4.29 percent.The Cardano price analysis is displaying bullish progress today. After yesterday’s sluggish bullish price movement, bulls got some momentum today as the price break-out was upwards, and bulls uplifted the price significantly to $0.519 in a swift move. Overall market sentiment is in favor of ADA/USD today, and a further increase in price is also expected if the buyers remain persistent.
Overall the broader cryptocurrency market started to recover just four hours back after correcting at the start of today’s trading session, including Bitcoin and Ethereum, and most top altcoins observed a positive market sentiment in the last 24 hours and reported gains, with SAND and Apecoin topping the charts, with 11 percent and 13 percent gains respectfully.
Ada usdt 4h chartAda reached the strong resistant zone at 0.55 dollar ( there is a static resistant level also longterm desceniding trendline and 200 ema)
2 different scenarios showed by red and green arrows
If ada could break the 0.55 resistant zone ,it will reach to 0.65 dollar but if 0.55 dollar level is held ,it will decrease to 0.45 dollar
ADAUSDT: Wait For Buys 🎯No one should be buying here, the very obvious slow down in price is a lure to attract buyers.
We still need to complete the compression and tap the weekly demand zone before we can consider buys.
If you want to get caught in this stop hunt, buy here.
If you want to join buys with the whales, wait for a liquidity grab THEN consider a buy.
The second approach is much more logical but can your emotions deal with patience?
Let me know what you think in the comment section 💬
Cardano Long-Term (385% Potential Mid-Term Target & More)Let's review together the long-term chart for Cardano (ADAUSD) on Coinbase.
It is the same ADAUSD on all exchanges and valid as well for the stable coins, USDT, USDC, etc.
Cardano (ADAUSD) Weekly Chart Analysis
@alansantana
We can clearly notice the bear market that started right after the August 2021 price peak.
It is a long/strong bear market.
How do we know if the bottom is in?
Or better yet, how do we know that we will have a bullish wave/relief rally?
Easy.
Notice that we have a low set on the 9-May candle (this is marked on the chart - the candle closed as a hammer which signals a potential low).
One month later, on the week of 13-June, also marked on the chart, you can notice a perfect Doji with a -9 count on the TD Sequential that ended in a higher low.
That's all the information we need.
The 9-May hammer set the low and this is confirmed by the higher low on the -9 Doji 13-June.
The high volume is also a giveaway.
Such strong volume yet prices remain the same.
Accumulation I should say.
From this point forward we can expect a relief rally based on the signals mentioned above.
This rally can last several months and then boom, out of nowhere comes a sudden crash and then another low...
Let's focus on the present moment...
Cardano is getting ready to grow!
Hit like if you enjoy the content.
Thanks a lot for your continued support.
Namaste.
ADA looks very strong against BTCI really like what I see on ADA's BTC chart. There are a lot of reasons to be bullish:
1) Bullish breakout of the purple falling wedge
2) Breaking back above very strong, long-term support
3) Breaking 60 on the daily RSI
4) Breaking above the zero line on the daily MACD
I'm long here
Cardano Wider Perspective | Easy 15% (10X Lev. = 150%) & More...We've been looking closely at Cardano (ADAUSD) and when looking too close one can get lost.
It is always good to have the bigger picture at hand at all times to better protect ourselves from any sudden move that may show up.
The low was hit for Cardano on 12-May, exactly like the rest/entire cryptocurrency market.
Prices just now are moving above EMA10, which finally switches the short-term potential to the bulls.
We were looking at early signals when in the short-term timeframes and so far things are looking good.
The RSI is strong at 47 on the daily timeframe.
The RSI is never strong when prices or dropping or near support with the exception of now.
When a pair has bottomed, when support is very likely to hold, we see very low prices but with a strong RSI.
This takes us to our first target which is EMA50 at 0.5820 for 15%.
Since we are on 10X on this pair, that is a nice 150% potential price jump.
This one is an easy target.
Since we already had multiple rejections and a higher low, after we see any type of small recovery this is the resistance that will be visited first and foremost.
But I don't think that Cardano will stop at 0.58, I think it can do much more.
Additional details on the chart.
Namaste.
Cardano 10X Leveraged Trade Round 2 (888%+ Potential)Our previous trade for Cardano (ADAUSD) with leverage remains active.
This trade paid over 400% in profits with more to come.
We are now on a second round/buy-in/entry opportunity.
This is ULTRA-HIGH RISK.
Recommended for EXPERTS ONLY.
This is not financial advice.
--
Previous trade ideas (Hit play)
Full trade signal:
--
LONG ADAUSD
Leverage: 10X
Buy-in: $0.4700 - $0.4830
Targets:
1) $0.5100
2) $0.5800
3) $0.7020
4) $0.7888
5) $0.9010
6) $1.0111
7) $1.1011
8) $1.2222
Stop-loss: Close daily below $0.4601
Liq. price: $0.4402
Potential profits: 1540%
Capital allocation: 9%
--
Wishing you great wealth, health and success.
Thank you for reading.
Hit LIKE for more and leave a comment.
Namaste.
Cardano Short-Term (Another Round - 33.3% Target)These charts are not that clear, they are giving out mixed signals but we are leaning towards the bulls.
We can see how ADAUSD (Cardano) has gone above EMA10 after support holds short-term.
Yesterday's support gives us a higher low which can lead to a higher high next.
We have multiple resistance levels to take down on the way up.
Here I am mapping for you a 33% price jump.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
ADAUSD ❕ above the liquidity zoneHardfork Vasil is delayed for a month.
Cardano shows itself worse than the leaders of the crypto market.
ADA is moving in a downward channel between two liquidity zones.
Price is above liquidity.
Trading volumes are again starting to show a lack of interest in price declines.
100MA crossed down 200MA (4H TF)
ADA is in the overbought zone by BB indicator (30m TF).
Price and RSI formed a bullish divergence (30m and 4H TFs).
I expect that from the current levels the price will retest the upper boundary of the liquidity zone, but after fixing above it will continue the upward price movement.
Cardano (ADA) - June 23hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ADAUSDT 1W Chart)
1.0520-1.3190 or higher: A section that is expected to create a new wave.
Below 0.6611 is likely to be a mid- to long-term investment area.
Anything below 0.3448 is likely a long-term investment area.
So, the key is whether it can move higher than 0.6611.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.5187 and find support to turn into an uptrend.
However, we expect it to move higher than 0.6611 and break out of the downtrend line to lead to further gains.
Below 0.3448 is likely a long-term investment area, so trade with caution.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
ADA - Buying level, Compare with BTCBTC price decreased about 35% in the 36 days (May 12 - Jun 18), while ADA price didn't change significantly and increased a bit.
Also, the $0.4 resistance works well on ADA and can push the price.
It seems to be a perfect opportunity to buy ADA.
When the market goes bullish, ADA could rise more than BTC and other altcoins.