Alikze → ADA | Cup pattern formationIn time H8, a cup pattern is formed, the depth of which is more than 37% according to the structure, which in time D1 has a resistance in the supply area, and this break will have the ability to grow up to the specified area with support of 0.5860. Therefore, this break should happen soon for the specified target. The specified areas can be considered as profit limits.
🟩Sup:0.5860
⛳️Tp 1:0.6806
⛳️ Tp2 : 0.7826
⛳️ Tp3 :Red Box
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ADAUSDT
ADAUSD | Wave Analysis | Inverted Head & Shoulders Pattern +150%Confluent Wave Analysis with price action and chart pattern trading setup:
> The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave.
> Entry at B-D downtrend line breakout / WMA50 week
> Target 1 @ 161.8% Fibonanci extension +100% upside
> Target 2 @ 200% +150%
> Indicator: EWO - doubled bullish divergence in TFW
#ADA/USDT#ADA
The price is moving in a descending channel on a 4-hour frame
We now have a successful penetration of that channel upward
We have oversold conditions on the MACD indicator
We also have a higher stability moving average of 100
Entry price is 0.5230
First target 0.5443
Second target 0.5852
Third goal 0.6391
Cardano price can reach 0.78 levelHi everyone,
Cardano price broke all levels and set new yearly high 0.68 price level. To be honest I didn't expect this bull run in December as Cardano price rose more steadily than rapidly.
At this point main resistance remaining at 0.78 price level. In case if ADA manages to break it then road to $1 becomes open.
It might be that after reaching 0.78 price level there might be some price correction on Cardano. I don't think that ADA will manage to break 0.78 before Bitcoin halving happens.
Cardano price already increased on more than 50% just in one week and it's not good idea to expect another 50% increasement from it.
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[ADAUSDT] - long term accumulation in Adam & eve has broken out!in monthly chart ada completed a long term accumulation i adam & eve ..
additionaly:
🔸 produced a positive retest now... meaning a bullish path
🔸three white soldiers (monthly time frame)
targets shown at chart
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ADA/USD Secondary trend.Secondary trend. Logarithm. Timeframe 3 days.
The same parameters on the line graph.
local trading situation . Clamping zone. Timeframe 1 days.
ADA/USD Local trading situation
The main trend for understanding accumulation and distribution zones. Timeframe 1 month
ADA/USD Main trend
ADA/USDT Could ADA back to continue Upward or Go for downward ??💎 ADA's recent market performance is making waves, evidenced by a robust bullish candle on the daily close. This pattern suggests a potential resurgence in its upward trajectory, aiming for a significant resistance target. Investors and traders are closely watching this development, as a sustained upward movement could signal a strong bullish phase for ADA.
💎 However, if ADA stumbles in its ascent and fails to maintain its upward momentum, a shift in market dynamics could be imminent. Such a scenario probability would likely lead ADA to revisit and retest its support levels, a critical juncture for the asset.
💎 The support zone thus becomes a key area of focus. ADA needs to demonstrate resilience by bouncing back from this level to keep the bullish trend alive. A strong recovery from the support area would reinforce investor confidence and could reignite upward momentum.
💎 Conversely, if ADA is unable to hold above this support level and breaks down, it may trigger a slide towards lower support regions. This could lead to a more pronounced bearish trend, pushing ADA towards the next significant demand area. Therefore, the response of ADA at this support level is crucial and could dictate its short to medium-term market trajectory.
ADA/USDT Break Alert! Keep an eye on the support, Bullish Moment💎ADA has recently undergone significant market dynamics, breaking out of a key resistance level area. There's potential for the price to undergo a retesting phase, initially testing support around $0.68, before resuming its upward movement, potentially reaching our target area.
💎 However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout.
💎 In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area.
💎 ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.
Cardano price might drop up to 0.3 price levelHi everyone,
Cardano price didn't manage to break its local high at 0.68 and went in to a correction phase.
ADA price already lost almost 30% from its local high and probably this number will continue to increase.
At the moment the main support located at 0.46 price level but most likely this support won't withstand for long.
In the near future I expect ADA price to drop at least to 0.4 support level but if we see dump on Bitcoin then most likely ADA price will drop even lower.
Overall I expect slow downfall on ADA until Bitcoin halving happens and real bull market starts.
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ADA: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. That’s a resistance zone where it got rejected in late 2023. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, with +47% upside potential to $1.00 next, or 2) pull back near $0.46 support for another swing entry in Uptrend with +17% upside potential back to $0.65.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $1.00.
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADAUSDT,🟢Still bullish...?!🟢(Details on caption)
By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend.
In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target.
Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone.
What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency.
💡Wait for the update!
🗓️25/02/2024
🔎 DYOR
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ADA/USDT Breakout AlertBreaking Horizontal Resistance. Potentialy New High !
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Cardano(ADA) Bull continuation Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change.
Will keep on updating on this, but for now, at the Current Price we are expecting a bullish move.
I have indicated the chart so you can be able to see my sentiment clear.
REMEMBER..NFA