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ADAUSDT

#ADAUSDT's Remarkable Bounce off Support and its Implications💎Yesterday, #ADAUSDT exhibited a precise bounce off the 227.2% Fibonacci retracement level, instilling strong hopes of an imminent trend reversal. However, caution is warranted as the price approaches a supply zone and remains below the downtrend trendline. At present, the market does not present the most secure buying opportunity, and sellers should remain vigilant. 💎In light of these factors, #Cardano needs to surmount the current obstacles to solidify its bullish intentions. Until then, we should anticipate range trading and a volatile price action. Nevertheless, it is only a matter of time before the price breaks, either below the support or above the resistance, signaling the opportune moment for MCP to take action. Stay prepared, Paradisers, as we navigate the path ahead. 🌴
Long
by MyCryptoParadise
ADA Trading Plan, July 16th – 22nd, 2023• ADA is one of the big winners following XRP’s legal victory. The chances of ADA being deemed a security are reduced. The probability of a new bear market low is diminished as well. • On July 13th and 14th, ADA had a massive price increase of over 30%. Currently, it is retracing to the liquidity pool it left behind. • The closest support level is the previous range high, at 0.305 USD. • The closest resistance is at 0.33 USD. Weekly Bias: • My weekly bias is bullish. IMO, ADA’s price was suppressed for a long time. It has a solid base between 0.27 – 0.30 USD. I do not think it will go lower than 0.285 USD. • My preferred scenario is for ADA to fully retrace the liquidity pool, find support on the previous range high, and continue to the upside. Regardless, most of the liquidity pool is already taken. ADA could continue up from this point. A long trade from the previous range high has a better chance of success (IMO) and a better R: R. Trade Idea No. 1: • Entry: 0.33 (S/R flip). • SL: 0.3169 (Daily low). • Target: 0.38 • R: R: 1:4 Trade Idea No. 2: • Entry: 0.305 (S/R flip). • SL: 0.291 (Demand zone). • Target: 0.38 • R: R: 1:5 NFA. What do you think? Please share in the comments. Best Wishes.
Long
by NewThoughtCrypto
2
0.3 intact is a must for bullsAfter the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a new local low. However, XRP news brought optimism also for Cardano and the coin rose strongly and unconquered 0.3, resistance at that moment. After the spike in the middle of the range, the coin has started to correct and is trading, at the time of writing, at 0.32. 0.3 is a very important figure now and is acting as support at this moment. Considering that, after the recent low, AdaUsdt formed an ascending triangle pattern on our chart and the recent break above the resistance of the triangle, things are technically bullish. A test of 0.3 could offer a nice entry for bulls with a 1:2 risk: reward if we consider a test of the upper boundary of the range and a stop loss at 0.25. However, a daily close under 0.3 would make the recent up break a false one and could lead to a drop, even to a new low.
Long
by Mihai_Iacob
SasanSeifi 💁‍♂️ADA/USDT👉1D 0.32 / 0.34 Hey there!✌ ◼In the daily timeframe, as you can see, the price is still moving between the range of 0.26 and 0.30 and remains within a consolidation phase. The scenario to consider in the daily timeframe is as follows: after the price range, if the price establishes itself above the resistance level, there is a potential for further price growth towards the supply zone at 0.32 and the resistance level at 0.35, potentially forming a new high above the previous high of 0.30.💹 For a positive trend in the medium term, it is crucial to observe the price's ability to sustain above the resistance level at 0.30. Otherwise, if the price fails to sustain and confirms lower in lower timeframes, we may once again face a correction towards the support zone at 0.26 and 0.25. In the case of a correction, for a better understanding of the continuation of the price movement, it is important to see how the price reacts to the support levels.💹 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ 🔶Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
Cardano is breaking all levelsHi guys, let's look at the current situaition on Cardano. Cardano finally managed to break 0.3 resistance on the news that Ripple partialy win in its court battle with the SEC. Cardano price almost reached 0.38 which is important for the price rise continuation. After such big rise there is some correction is expected after which there should be continue of rise. At this moment it's important for Cardano price stay above 0.35 in order to continue its rice. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
Cardano possible next move? 🚀🔥ADA today analysis 💎 ADA is currently showcasing an intriguing pattern, as it's trading within a tight symmetrical triangle, hinting at a potential breakout on the horizon. 💎 At this moment, it's navigating within a high-demand zone, and the RSI is signaling a substantial upward momentum. Moreover, an anticipated crossover of EMA 21 and 50 could further bolster the bullish outlook. 💎 If a breakout occurs in the upward direction, we could witness a fantastic bullish surge. However, if the price fails to sustain its upward momentum, a significant downward shift could be on the horizon. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
by MyCryptoParadise_Simon
ADA Cardano and the Altcoin Season ThesisIf you haven`t sold ADA here: Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ADA Cardano, for which my price target is $0.45. Looking forward to read your opinion about it!
Long
by TopgOptions
The 0.4080 point is the divergence point of the rise and fallHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADAUSDT chart) This rise did not turn the trend into an uptrend. Therefore, I think that the movement to switch to an upward trend will begin only when the price rises above the 0.3032-0.3731 section and maintains it. I would expect the price to hold above 0.4080 to start a full-fledged uptrend. The timing of purchase is important for investment, that is, trading, but in the end, you must think about the increase compared to the investment period and decide. In that sense, if it rises above 0.4080, ADA is a good coin to trade from a mid- to long-term perspective. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
ADAUSDT 🔥 Ascending Triangle Reversal Pattern As you can see price has been in a downtrend for a while but for now we can clearly see an ascending triangle pattern that oftentimes lead to a trend reversal. My trading plan is laid out clearly in the chart. You can see TPs and SL as well as the best entry point. You can either wait for the breakout of this pattern or even a breakout and re-test approach whichever your style is. The most important thing, NEVER risk more than 3% of your entire capital on a single trade. Master risk management and become profitable this way in the long run. Happy Trading! Kina 🔥
Long
by KinaStar
Cardano on a riseHi guys, let's look at the current situaition on Cardano. Cardano stays in a narrow range of 0.25-0.3 for the past couple weeks. it shows positive dinamics and slowly climbing to 0.3 resistance. Everything is indicateing that ADA at least will try to break this resistance but it might be fake breakout, so need to be careful. If Bitcoin goes above 32k than we can expect Cardano breaking 0.3 resistance and going up to the next resistance at 0.35. But mid-term I'm not so optimistic about Cardano. Even that at the moment price goes up and probably there will be breakout, I still think that we'll see Cardano under 0.25 mid-term. If this post is useful to you, you can support me with like/boost and leave comments below.
by Real_CryptoRoy
2
Cardano ADA can show new dipHello, Community! Let's continue analyze crypto assets using SmartBot. I will remind you, this is an automatic trading strategy which defines the dynamic support and resistance levels, adjusting entry and exit points according to current market state. Today it's time for my favorite altcoin CRYPTOCAP:ADA . On the ADAUSDT price chart we can see that since start of July SmartBot have already succesfully closed to position in profit. It had two entries at $0.287 and $0.27 using DCA approach. Notice how perfectly the second level corresponds with the local bottom. After that the bounce has ended exactly at the dynamic resistance level which has been defined by the strategy. After closing the trades script has generated the base, which is pointed out as old base, but this base was not valid becuase we have the current base formed before reaching any support level. Now we have the new base at $0.283 which is about to be broken. In case of breakdown it's likely to see the dip to the four support levels. Support 1 is located at $0.276, support 2 at $0.268, support 3 at $0.255, support 4 at $0.233. When one of this support will be reached the resistance level is gonna be generated as well. Best regards, Skyrexio team __________________________________________________ 🔥Follow and smash the rocket 🚀 button to support us🔥
by Skyrexio
Cardano reached very important resistanceHi guys, let's look at the current situaition on Cardano. Cardano just reached very important resistance level at 0.3 but so far didn't manage to break it or stay above. As I indicated earlier it's good spot to look for a short but considering ovarall situation on crypto market I would wait and see what's gonna happen next. Bitcoin just broke all resistance levels and it's difficult to predict what move will be next. Considering that all altcoins follow Bitcoin I will be very careful with shorts at the moment. Unlike Bitcoin and Ethereim, Cardano didn't manage to recover its recent losses and that's why I even more pessimistic about it. As soon as Bitcoin starts its fall, Cardano will run ahead. It will be good if Cardano manage to climb to 0.35 but it depends on Bitcoin. If Bitcoin won't manage to go higher than 31k than it's unlikely that we see Cardano at 0.35. If this post is useful to you, you can support me with like/boost and leave comments below.
by Real_CryptoRoy
2
ADA: Ascending TriangleCardano (ADA) technical analysis: Trade setup : After a big drawdown to $0.25 support, price has been steadily recovering in an Ascending Triangle pattern. We wait for a breakout from the pattern, above $0.30 resistance, with upside to $0.35 (200-day MA) or even $0.40. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
Long
by altFINS