BTC/USDT 1H: Coffin waiting for buyers!In the 1H time frame, we see the formation of a coffin pattern
For the farewell ceremony with buyers who enter buy positions in resistance areas, please wear formal clothes
thank you so much
ADAUSDT
ADA- Strongly bearish under 0.3The trend for Ada is clearly bearish and the coin has made even a new low after the start of the year's crypto rally.
At this moment AdaUsdt is trading under important 0.3 resistance and a new drop is probable.
The target for this drop is the recent low, but a new low is not out of the question, even probable
ADAUSDT - Bottoms In, Bullish EngulfingHi Traders, Investors and Speculators of Charts 📈📉
ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe.
After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in the weekly timeframe which is extremely bullish for Cardano.
We also observe a similar pattern playing out back in Feb 2020, when another long wick formed followed by a strong v-shaped recovery. This was the start of the next major bull run for Cardano.
Is the bullish price action on Cardano as a result of the recent Hydra update? 🤔
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CryptoCheck
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CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD.P COINBASE:ADAUSD BINANCE:ADAUSD OKX:ADAUSDT.P KRAKEN:ADAUSD BINANCE:ADABTC
ADA – New Trading Range• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
BTCUSDT H1 : SETUP FOT TradeHI guys Hope you well and enjoyed your weekend.
I show you an situation for long setup please do your own research .
SecondChanceCrypto
⏰26/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
ADAUSDT can ascend further! The ADAUSDT is in a Bullish phase by PRZ ZONE
The price shows a strong bullish rejection from the PRZ ZONE.
⬆️Long if we break the 0.236 fib level
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them.
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
More downside for Ada to raise cash for more upsideIn terms of momentum, Ada does not have the conditions to rise, therefore, after breaking the short-term trend line, it can descend to the drawn supports, and by examining other conditions in these areas, we will decide whether the conditions are necessary for the price to rise or not.
BTCUSDT DAILY : HIT THE FVGHi Guys, Hope you well. and have good weekend
As we have been waiting for a while, Bitcoin from our green box, which was a very good PRZ location, was able to grow well. Now we can see the prices of 34,500 and even 36,000 according to the excellent liquidity ranges, and similar to these imbalance areas in the Tether chart, which I will do in the next analysis. The expectation of the market is to reach the 35000 range with the weakness of the trend and then move towards the long-term upward trend.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
USDT.D DAILY : MARKET ROADMAPHi guys Hope you well.
UMM , As I said before this chart can show us the roadmap of crypto market . now I expect to go the demand box and then pullback , we have same area in bitcoin and total market cap chart .
use this chart for your trade.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
ADAUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for ADAUSDT After hitting its first support line, the price was able to move towards its first resistance line. We are currently considering two scenarios. Scenario one: If the price is unable to break above the first resistance line and we see weakness in the trend, there is a possibility of a price correction. Scenario two: If the price is able to break above the resistance line and move higher, it is not expected to reach the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
CARDANO, The ADAUSDT analysisHello, traders!
My analysis of this chart is that; The price of Cardano has reached the supply price range in the market for the second time now, and market resistances (daily moving averages, 100 and 200) give us a signal of price correction.
my opinion is the minimum initial price increase in the next 24 hours is $0.3500 and then we have to wait for the behavior and reaction of the price to resistances.
I entered the market with a long trade.
Please note that investing in cryptocurrencies can be risky and you should always do your own research before making any investment decisions.
#ADAUSD #ADAUSDT #CARDANO
ADA LTF Long Trade
ADA managed to get above the 0.29 USD resistance level.
This is the first promising signal that maybe ADA’s downtrend is over.
Currently ADA is oversold on the LTF. That doesn’t mean it can’t go higher without a meaningful retrace.
ATM, ADA doesn’t look like it has the power to push up, at least IMO. Therefore, I will for a retrace to demand zone between 0.275 – 0.283 to consider a long trade.
This is trade no.2 from my previous ADA idea, linked below.
If you took trade no.1, congratulations; you are in profit, protect it.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
ADAUSDT RISING CHANNEL SHORT POSITIONOn the chart we can see the rising channel pattern.
We expected that the price reach the upsloping resistance line and will come back to break down the lower support.
Our strategy is to entry short only and if it's happen.
Target is shown on the chart.
#CARDANO #ADA LONG-TERM TARGETSSupport at the bottom of the ascending channel
3-6 MONTH TARGETS:
0.40 $
0.65 $
0.88 $
2.4 $
2-3 YEAR TARGETS:
5.9 $
13 $
20 $
41 $
STOP LOSS:
0.20 $
What is Going on with ADA?TLDR:
• If you are a holder/ long-term investor ADA is in a DCA zone, IMO.
• Short- term it is not clear, yet, if ADA has bottomed.
• Arguments for and against a bottom are mentioned below.
• Possible long trade mentioned below.
• ADA is a high-risk asset, at least for now, you need to be aware of it before considering a long.
Background:
• ADA lost its upward sloping support trendline on May 21st.
• ADA failed to reclaim the trendline and the 21D & 50D EMAs on May 28th.
• Following the SEC’s legal attack on ADA (among others), ADA’s price dropped more than 40% and made a new bear Market low.
• Currently it looks like ADA is Trying to form a bottom structure, but it is not clear if the bottom is in or not.
Arguments for a Bottom:
1. ADA is Extremely oversold.
2. ADA formed a Tweezer Bottom on the daily chart.
I admit that there is scant evidence of a bottom ATM. However, I don’t think it is wise to short an oversold asset. So, as far as I can see, the best approach is to sit and wait.
Arguments Against a Bottom:
1. ADA is below a weekly support level, flipped to resistance.
2. There is no rejection of lower prices. All I see is a consolidation below resistance which could go either way.
3. ADA left a huge wick to the downside (more than 20%). My experience shows that wicks get filled. Until at least 50% of the wick is filled, it is unlikely that the bottom is in. (You probably know who is teaching wick fills. Unfortunately, I cannot mention a name, or provide a link, as it is considered a promotion on the TV platform)
In short, there are better trades out there. However, if you are a believer and a long-term investor in ADA this could be an opportunity of a lifetime. Accordingly, I have long trade ideas for ADA.
Trade Idea No. 1:
• Entry: Between 0.2446 – 0.2168. You must wait for at least a partial wick fill and a clear rejection, with volume, to the upside.
• SL: Below the latest daily candle low.
• TP: 0.2756, 0.3188, 0.3780. Leave a moon bag.
Trade Idea No. 2:
• Entry: 0.2756. After retest as support.
• SL: below the daily candle.
• TP: 0.3188, 0.3780. Leave a moon bag.
NFA
What is your opinion? Please share in the comments.
Best wishes to all.
ADA whales drive Cardano price towards $0.3, Investor optimismADA Whales Propel Cardano Price Closer to $0.3, Inspiring High Investor Expectations
Following a significant decline in early June, wherein Cardano experienced a 30% loss in value, the altcoin is now witnessing a remarkable resurgence. The market-wide recovery has contributed to a nearly 6% increase in the past 24 hours. However, the optimism surrounding ADA extends further, as whale holders demonstrate strong bullish sentiment this week.
As the broader crypto market rebounds from recent lows, with Bitcoin inching closer to $30,000 and several altcoins experiencing gains, Cardano finds additional support from a crucial group of investors.
Cardano Price Reclaims Ground
At the time of writing, Cardano's price hovers above $0.28, bridging the gap left by the early June crash. This third-generation cryptocurrency endured a substantial blow when it incurred a loss of over 30% within a week. However, fueled by overall market bullishness, ADA is now approaching the $0.3 milestone. Notably, the altcoin has surged by approximately 7% in the past 24 hours, accompanied by a sudden increase in the interest of whale investors.
The influx of these investors is evident in the total inflow of addresses conducting transactions worth over $100,000. They have collectively acquired around 263 million ADA, valued at approximately $71 million presently. Recognizing this favorable trend, it appears to be an opportune moment to accumulate cryptocurrency assets, leading us to consider a strategic long-term investment approach through Buying Deep.
ADA CARDANO- Support (and patience) 🥱💤Some charts prove me right immediately, some other fail me completely and some just take time to deliver.
Cardano is in the third category.
Boring as usual, till it becomes exciting; it will.
With BTC dominance over 50% major ALTs are not favored (yet). This is still Bitcoin time:
Bitcoin needs to rise fast, some alts will over-perform it but the vast majority not. BTC Dominance:
News:
Cardano Introduces Latest Node Version On Mainnet :
To improve the performance and functionality of Cardano, developers are urging stake pool operators (SPOs) to swiftly adopt the latest Node version, 8.1.1., released on Monday. This release aims to optimize operations across the platform by dispersing epoch boundary computations throughout the entire epoch, leading to enhanced efficiency.
The upgrade is aimed at improving the user experience and smoothness of the Cardano blockchain network. It focuses on reducing epoch transitions, which are periods on the Cardano blockchain lasting approximately five days.
Still, we will need way more news and action than this... it will come
Regardless, price on Major support and perhaps great time to add to our bags at thisd stage (again?..no personally will just wait atm)
One Love,
The FXPROFESSOR 💙
ADA: Oversold at SupportCardano (ADA) technical analysis:
Trade setup : Price broke out (bearish) from trading in a Channel Up pattern and below 200-day moving average ($0.35), confirming a downtrend. However, it’s now very oversold (RSI ~ 25) and near $0.25 support, hence we could see a bounce up near term. It’s a higher risk swing trade setup since overall trend is down.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
ADA breaking out of triangle ADA is trying to break out of triangle in 4H timeframe, a break in downward direction is possible.
Entry: 0.26, TP: 0.21, SL: 0.275
Cardano in slow declineHi guys, let's look at the current situaition on Cardano.
In my previous update I indicated that Cardano price might go to 0.3 resistance level and from there likely will go back to 0.25 and lower. However, price failed to rise somewhat significant even though BTC and ETH recovered all their losses. It's bad sign for ADA price since if there will be dump on BTC then price likely fall much lower than 0.25, probably testing 0.2.
I still will wait and hope for price reaching 0.3 and from there will be looking for a short.
If this post is useful to you, you can support me with like/boost and leave comments below.
ADA/USDT ChartReviewHello everyone, I invite you to review the ADA chart in pair to USDT, on a one-day interval. First of all, we will use the blue lines to mark the uptrend channel from which the price has gone down and we are currently moving below the downtrend line. As we can see, the exit from the channel resulted in a decrease in price, similar to the size of the channel itself.
Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is currently holding a strong support zone from $0.28 to $0.23, however, if the support does not hold the price, we can see the price drop quickly to the next support at $0.10.
Looking the other way, we see that the first resistance is at $0.31, when the price breaks it, the second resistance will be at $0.34, then we have a strong resistance zone from $0.37 to $0.40, only when price breaks it, it will move towards the resistance at $0.46 for it to continue rising.
Please look at the CHOP index, which indicates that we have touched the end of the range and now we can see the price turnaround, the MACD indicates that we are in a downtrend, while the RSI has a large rebound below the lower limit of the range, which in combination with the CHOP index can give room for growth prices.
Cardano shortCardano bounced off the 0.618 Fibonacci retracement level. Bearish movement is likely to continue and reach the 0.222.
