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 💙
ADAUSDT
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.
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.
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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 $0.46 for it to continue rising.
Please look at the CHOP index, which indicates that we have touched the end of the range and now we can see the price turnaround, the MACD indicates that we are in a downtrend, while the RSI has a large rebound below the lower limit of the range, which in combination with the CHOP index can give room for growth prices.
SEND IT HIGH !!!Honestly, I analysed ADA last week and expected that fall; not as quick as that though
well good bounce from the last support because breaking that will be hell on ADA.
I am gonna buy from here though both spot and futures
it is above my confluence circle so I can expect a good bounce upwards with sl around 0.256
Spot - all the way to 1.2 - Tp 1
then above the previous high
futures - TPs
0.3
0.33
0.38
0.4
Cardano in free fallHi guys, let's look at the current situaition on Cardano on 1D price chart.
In my previous idea I indicated strong support line at 0.3018 but I expected that the price at least will test this line first and only after that will break it.
In any case, that support was broke and there is another one at 0.249 which at the moment also seems to be broken but I expect some correction from here.
It also important to look at volume on 1D timeframe. Today, there is extremly high volume and for me it's good indicator that from current level will be some correction. But I don't expect big correction though.
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$ADA/USDT 2D (#Bybit) Descending trendline breakout and retestCardano is pulling back to 50MA support and seems to be done with the downtrend, let's prepare for mid-term recovery.
⚡️⚡️ #ADA/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 4.6%
Current Price:
0.4051
Entry Zone:
0.4014 - 0.3618
Take-Profit Targets:
1) 0.4798
2) 0.5536
3) 0.6275
Stop Targets:
1) 0.2995
Published By: @Zblaba
CRYPTOCAP:ADA #ADAUSDT #Cardano #PoS #L1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.5% | +90.1% | +128.9%
Possible Loss= -43.0%
Estimated Gaintime= 3-4 months
cardano.org
I Cannot Short This !!!The ADAUSDT is in a Bullish phase by strong bullish rejection.
The price shows a strong bullish rejection from the PRZ ZONE.
⬆️Long if we break the 0.236 fib level
🌟 Bullish signals are:
- strong bullish rejection
- PRZ ZONE
- Bottom of bollinger band
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
ADAUSD | Wave projection | Double combination - Bulltrap D-waveA potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone.
A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%.
Good Luck
ADAUSDTWe are in a correctional area, not a motive rise, and this appears from the shape of the candles that have been moving horizontally for a long time, in addition to that the rise occurred in only three Elliott waves, so more declines are expected
Note: the analysis fails if the price closes in the highest area 0.397 usdt
ADA - CARDANO - in charles we trust ; the neverending story IVADA - CARDANO - in charles we trust ; the neverending story IV
Ok, this ship looks to me to be turning.
its all there on this blessed chart. which i diligently read the tea leaves for you to succeed in this casino.
cardano did 100x+ TWICE. from the same frigin price point in two different cycles. iam pretty sure she goes for a third. does it all play out exactly the same? maybe, prob not, but i bet it will be pretty similar.
key points here;
check that momentum signature at the bottom there. the same shape. same levels basically. maybe we get that second option for another nuke 40% or so but my money (irl) is on that relief bear market pump first. then some black swan to wipe everyone out again and thats when cycle 3 begins.
this will be my last ADA chart for awhile. think ive been over doing it. now we've had some interesting price action it was time to do this last one and sit back and see what happens.
I AM ACCUMULATING
lfg. take me to the promised land charles.
ADAUSDT at weekly support, probability favors longThe price has hit the weekly and monthly combined support and the price has bounced from there. A long is favorable from this support. In case this support is lost, next support levels are weekly support WS2 and monthly support MS2 as marked on the chart. It seems that the current support will hold on the weekly level so probability favors long. But in case in coming days/weeks this level is lost, long will be favorable from the next weekly support WS2.