Adausd
ADA 50-150 Bullish SMA Cross ImpendingCardano is about to experience a weekly 50-150 simple moving average cross. This is coming off the back of a strong week for the alt coin. The RSI is 60 at time of publishing. The token has corrected so far to the .236. Anything close to the 50 sma is a good buy for longs in my opinion.
Targets are market with green horizontal lines and are fib extensions from the previous high swing low.
Not financial advice. Do your own DD.
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#ADA Breaks Through Key Resistance: Is a Major Rally Ahead?Yello, Paradisers! Could this be the moment #Cardano finally takes off, or are we facing another potential setback? Let's discuss the latest #ADA analysis:
💎After breaking through the descending resistance of its falling wedge pattern, #ADAUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move.
💎Currently, #Cardano is approaching the demand zone around $0.313, a vital support level that could spark a new leg up. If CRYPTOCAP:ADA rallies from here and breaks the $0.417 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets.
💎If CRYPTOCAP:ADA fails to hold this demand zone, it could slip down to test the critical support between $0.274-$0.290. This range, aligning with a previous low, acts as a crucial price floor. For the bullish outlook to stay intact, CRYPTOCAP:ADA must reclaim the $0.313 level with strength. Any sustained move below this level could indicate a breakdown.
💎On the other hand, if a daily close occurs under the $0.274 support, the bullish case would be invalidated, putting CRYPTOCAP:ADA at risk of setting a new lower low. Such a scenario would significantly increase the likelihood of further declines.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
Is the ADABTC bottom in?Here are a couple potential ADAUSD prices if it can reach the ≈0.00006 level of the prior two bull runs.
150k BTC = $9 ADA
200k BTC = $12 ADA
These ADA prices are most likely at the high end of probable tops for ADAUSD. ADABTC very well may not reach its prior highs, but once BTCUSD slows down similar to early 2021 expect ADA to gain a lot ground.
Cardano is a staple in the cryptocurrency scene and will not be left behind this bull market. A 100k+ Bitcoin will bring a lot of attention and people will see ADA as a "cheaper" alternative to Ethereum and Solana and identify its potential for large gains. I am confident ADAUSD will reach its prior ATH and then some.
Cardano Founder A Potential Crypto Advisor to TrumpThe cryptocurrency world is buzzing with speculation about the potential appointment of Cardano founder Charles Hoskinson as a crypto advisor to the next US administration in 2025. This news has sparked excitement among ADA holders and crypto enthusiasts alike, with many wondering if this could trigger a significant bull run for the Cardano token (ADA).
Hoskinson's Background and Vision
Charles Hoskinson, a prominent figure in the crypto space, is known for his co-founding role in Ethereum and his subsequent creation of Cardano. He is a vocal advocate for blockchain technology and its potential to revolutionize various industries. Hoskinson's vision for Cardano is to create a sustainable and scalable blockchain platform that can support a wide range of decentralized applications (dApps).
Potential Impact on Cardano (ADA)
If Hoskinson were to become a crypto advisor to the next US administration, it could have a significant impact on the cryptocurrency market, particularly for Cardano. Here are some potential scenarios:
• Increased Regulatory Clarity: Hoskinson's influence could lead to more favorable cryptocurrency regulations in the US. Clearer regulations would reduce uncertainty and attract more institutional investors to the market, potentially boosting the price of ADA.
• Enhanced Adoption of Cardano: Hoskinson's position could help accelerate the adoption of Cardano's blockchain technology. Governments and businesses may be more inclined to explore the potential of Cardano for various use cases, such as supply chain management, voting systems, and financial services. This increased adoption could drive demand for ADA and push its price higher.
• Positive Sentiment and Market Momentum: Hoskinson's appointment would likely generate positive sentiment and excitement around Cardano. This could lead to a surge in buying pressure, driving the price of ADA upwards. Additionally, it could attract new investors to the Cardano ecosystem, further fueling the price rally.
ADA Price Prediction: Could It Reach $5?
While it's difficult to predict the exact price of ADA, the potential positive impact of Hoskinson's appointment could certainly contribute to a significant price increase. However, reaching $5 would require a combination of favorable factors, including:
• Continued Development and Innovation: Cardano's team needs to deliver on its development roadmap and introduce innovative features to attract developers and users.
• Positive Market Sentiment: A sustained bullish market sentiment for cryptocurrencies would be beneficial for ADA's price.
• Increased Institutional Adoption: Growing interest from institutional investors would provide significant support for the price of ADA.
It's important to note that price predictions are speculative and subject to market volatility. While Hoskinson's appointment could be a major catalyst for ADA, other factors such as broader market trends, regulatory developments, and technical analysis will also play a crucial role in determining the price of ADA.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Important volume profile section: 0.5941
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(ADAUSDT.P 1M chart)
Important volume profile section is formed in the 0.4346-0.5941 section.
Accordingly, the key is whether it can receive support and rise near 0.5941.
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(1W chart)
Currently, the BW(100) point is formed at the 0.6818 point, so the point to watch is whether it can rise above 0.6818.
To do this, we need to see if it can be supported near 0.5941
1st: 0.6206
2nd: 0.6818
and rise to the 1st and 2nd ranges above.
Since the HA-HIgh indicator and the BW(100) indicator indicate the high point range, if it breaks through this indicator upward and receives support, it is highly likely to renew the high point.
If it fails to rise, it may fall until it meets the HA-Low indicator or the BW(0) indicator, so we need to think about a countermeasure for this.
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(1D chart)
If it is supported near 0.6818 and rises, you should set the target point at around 0.9242 and think about a countermeasure for it.
If it falls below 0.5941, you need to check if the BW(100) line is created.
If the BW(100) line is created, it is likely to lead to an additional decline, so you need to think about a countermeasure for it.
For now, if it falls below 0.5693, I think there could be a sharp decline, so you need to prepare a countermeasure for it.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The next expected range to touch is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points that are likely to receive resistance in the future.
We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ADAUSDT on the rise : What to expect in the next 72 HoursFollowing trump's victory and BTC rally , ADAUSDT has broken out upwards from a triangle pattern .It's predicted to grow another 22% over the next 3 days , and if it successfully surpasses the 0.5700 price level , it could see additional 17% increase .
Cardano Nearing Resistance – Temporary Top in Sight?Cardano’s price is approaching a key resistance level at the neckline of the head-and-shoulders pattern that broke down back in April. I expect resistance here, especially given that the daily RSI has reached 80, a level that historically aligns with local tops. Additionally, we’re not seeing any higher lows—something essential for a healthier uptrend.
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.
Not financial advice. Do your own DD.
Will be following this idea up with larger TFs in updates.
Thanks for viewing the idea.
#ADA/USDT#ADA
The price has broken the descending channel on 1 hour upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.3300
Entry price 0.3400
First target 0.3747
Second target 0.949
Third target 0.4200
ADA: Still in Wave 2 (updated EW count)ADA/Cardano and its forever sideways price action has led me to redo the count for the two yearslong bear market. Previously my assumption was that Oct 2023 was the termination of primary wave 2. However, the price action for an entire year since then has not been impulsive. It is possible that Primary degree 2 is done and this price action is another 1/2 on a smaller degree, but it is odd to start the wave 3 of primary degree this weak and this slow. So, looking at the structure again and new thesis is ADA is at its last leg of the Primary wave 2 correction. Either it finishes up the y wave of the minor degree as a triangle, or it could correct deeper as an ABC, where the triangle structure forming right now drags on longer for a B wave triangle and then get a C wave back to $0.16 - $0.14 area to complete the correction. This could drag on till next year Q2 where BTC correction could also end, on a different degree of trend. For now, I am only going to wait and watch.
When everyone is busy on other alts, ADA cooking its own MOVE!↑↑I'll simplify on this one -- reflective of ADA's non complicated nature.
KEY NOTE:
WEEKLY Price Yearlong standing price support -- currently bouncing off it with accuracy.
WEEKLY NET VOLUME surge.
Weekly Histogram Higher Lows.
Thinning movements on the lower price range -- HUGE HINT.
Currently sitting just above 1.0 FIB level -- beyond bargain / discount.
THIS IS RIPE for BIG MOVES. A bottom fish opportunity that doesn't come very often.
Previous ATH target will not be far-fetched.
Spotted at 0.29
TAYOR
Safeguard Capital always.
Descending TriangleThe Cardano (ADA) chart currently shows consolidating within a compressed descending triangle, characterized by lower highs and higher lows. Recently, there was a false breakout on the upside, but the price failed to hold above and returned to the range.
Given the current market conditions, a confirmed breakout above the triangle could signal strong buying momentum, leading to a significant upward move. This bullish movement could occur as buyers accumulate the necessary liquidity to push the price higher.
If this breakout is confirmed, we could anticipate further upward targets.
However, if the breakout is not confirmed and the price continues to range within the triangle, we should expect more price fluctuations and potential consolidation.
ADA bbuy💹 ADA/USDT Price Action Analysis 🔍
🔻 Sell Signal:
Entry: $0.3578
Stop Loss: $0.3710
Target 1: $0.3486
Target 2: $0.3442
📉 Price approaching resistance zone (0.367 - 0.371). Watch for potential reversal patterns for a sell opportunity. 🚨
🔺 Buy Signal:
Entry: $0.3442
Stop Loss: $0.3373
Target 1: $0.3486
Target 2: $0.3578
📈 Strong support near $0.341. Looking for bullish reversal to confirm long entry. 👀
#ADAUSD 1DAYADAUSD (Cardano vs US Dollar)
Timeframe: 1 Day (Daily Chart)
Pattern: Uptrend Channel
Description:
The ADAUSD pair is currently exhibiting a well-established **uptrend channel** on the daily chart. This pattern is defined by a series of higher highs and higher lows, with the price consistently moving within two parallel ascending trendlines. The lower trendline serves as dynamic support, while the upper trendline acts as resistance. The price action within this channel indicates that buyers are in control, with bullish momentum driving prices higher over time.
Forecast:
The recommendation is to take a **buy** position, as the price is expected to continue moving upward within the channel. The trend shows strong bullish signals, and unless there is a break below the lower support line, the uptrend should persist. If the price approaches the upper resistance line, it may face some temporary consolidation or correction before continuing higher.
Entry Point: A buy entry is suggested near the lower support of the channel for optimal risk-reward.
Stop-Loss: Place a stop-loss slightly below the lower support line of the channel to mitigate risks in case of a downward breakout.
Take-Profit: The take-profit target should be set near the upper resistance line of the channel, or you may trail your stop-loss to lock in profits as the price advances. A breakout above the resistance line could signal further upside potential.
ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADAUSD Breakout confirmed. Target 1.0500.Cardano / ADAUSD has broken above the Descending Triangle pattern and despite a pull back on the 1day MA200, it is now resuming the uptrend.
This is a similar price action with 2023. Break above Triangle, consolidation before the 1day MA200 break and then huge rally to the 2.618 Fibonacci extension.
Buy and target 1.0500.
Previous chart:
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ADA 1W - It's closer to 0.24 than 0.51ADA 1W - It's closer to 0.24 than 0.51
If it breaks the small bullish channel that is forming (below 0.315), it's better to be out because it will surely not stop falling to 0.24. If it finishes breaking the bearish channel and reaffirms the price above 0.315, we can start thinking about serious increases in this value.
LEVELS:
SL1: 0.24
SL2: 0.10
TP1: 0.51
TP2: 0.88
TP3: 1.25 - 1.27
Before reaching 3M, we must first reach 1M and then 2M. My divinatory arts only allow me a more measured view :)
The price of ADA first has to make a consistent bottom that allows it to attack the EMA 50 in 1W. As long as it is below, we are still bearish even if it goes up.
To ride a bullish wave, we must look at the new INCREASING HIGHS and new INCREASING LOWS and set our SL at those increasing lows.
All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet.
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This tool is in the development process and the BETA will soon be ready for testing.
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)