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ADAUSDTPERP

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
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.
Long
by NewThoughtCrypto
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.
Long
by angela_altair
ADAUSD BUYWelcome . Cardano is positive despite the market downturn. The currency has breached the bearish pennant with. Re-test the area. It also formed a very positive candle on the daily chart. There is a lot of pressure from the buyers to push the market higher. to 0.4000 in the first stage. And level 0.5000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. And click "Like" so that everyone can reach the post and benefit from it and get free content. Thank you
Long
by inv_market09
12
Cardano ADA price has a ray of hope for continued growth The last time we came up with an idea for ADAUSDT was 5 months ago, and it's been working out great. The value of the Cardano token has doubled during this time. The positive thing is that the ADA price has broken out of the falling trend channel. However, there was one "But" during this time - buyers were unable to break through and gain a foothold above the powerful liquid level of $ 0.43 On yesterday's market decline, buyers of ADAUSD managed to keep the price in an uptrend, above the local purple trend line. That is, buyers don't want to give up easily, which is good and gives a ray of hope. Given that, in the coming days, BTC sellers may try to drop the price below $ 26600-27000 to break the stops of long positions that are hiding there. The ADAUSDT price may also squeeze down, but it shouldn't be able to stay below $ 0.327-0.34. Fixing the price below this level could trigger an extension of the price drop to $ 0.27 and below. A positive scenario is difficult in the current realities but possible. It is necessary to break through to $ 0.55, then consolidate above $ 0.43, and only then will the path to $ 0.80 open up, and maybe even to the first "non-burning price" $ 1 (not million))) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
23
Is a 167% profit achievable? Take a closer look at ADA.Hello everyone! Today, let's look at the prospects of the ADA cryptocurrency. After a local correction, the asset began to move in an ascending channel. The first serious resistance level is located around 0.236 on the Fibonacci scale ($0.43 per coin). If this level is successfully broken, the asset will continue its upward movement to the next two strong Fibonacci levels at 0.382 and 0.618. At the last level, it is possible to get a profit of 167% on the spot. This is not a trading recommendation, everything you do is at your own risk.
Long
by neverovv
Cardano ADA. No desire to buy, but there is a chance for growthFor more than a year, the ADAUSDT price has been falling, without any hints of a possible rebound. The ADA price fell to the liquidity zone, below which buyers did not allow to adjust during the rapid growth in 2020-2021. In general, we believe that 2023 will be the starting point in changing the trend to grow. We described it in more detail here: So, we can assume that the Cardano token price may grow at least a little in its value. The first resistance from above and the first target for growth is $0.40-0.42 The second target for growth is around $0.80 . It can be reached by the end of spring 2023. But of course, there is always someone who can put a fly in the ointment and spoil the whole "pleasure" If the sellers manage to fix the ADAUSD price below $0.23 , then few people will be able to prevent the price of ADA from falling by half again, to the region of $0.12 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45