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A Bullish Outlook for ADAComing off an impressive pump this past week, due to positive sentiment after the smart contract announcement coming in September, ADA is ready to begin price discovery mode. In our last analysis we broke the falling wedge pattern that had formed and have hit our $2.02 target (marked by the golden dashed line) and managed to go beyond this point before we saw any sort of pull back. Funny enough you can see the pull back was to our target level from the wedge breakout. Now all that remains for ADA is the all time high closing price at around $2.30. With the weekly RSI sitting within the neutral area and the MACD approaching a buy signal we look to the fibonacci retracement levels for our macro price targets. 1.272 - $3.19 1.414 - $3.65 1.618 - $4.44 2.272 - $8.29 Good luck and happy trading! Disclaimer: Not financial advice just merely an idea.
KRAKEN:ADAUSDLong
by Bob_Van_Horne
ADA 1D Careful with Longs, on Cardano Chart Positive FadingThe last time we made a global idea for the ADAUSDT pair was 3.5 months ago. We wrote that there will still be an increase in ADA to $2, but for this we need to wait a bit. You can check the result below. But now, looking at the global ADAUSD chart, we no longer like it. The most positive scenario that is currently visible on the chart is an increase to $1.50 . There we would recommend covering the longs and looking around. If sellers will be able to gain a foothold above $1.50 , then super, you can re-enter the position with them and continue to hold a long. But if the price drops to $1.20, then buyers will have to sweat a lot in order to raise the price up, and this will be the first sign of danger for longs. If sellers push the price down to $1.10, this will be the second warning signa l and will mean that buyers are losing control of the situation. In this case, sellers will seize control over the ADAUSD market, and then the red scenario will fully activate. The target of working off the fall , according to the red scenario, will be around $0.40. Someone will say that this is a terrible and unrealistic scenario, while someone, on the contrary, will gladly rub their hands, because there may be a good opportunity to buy ADA cheaply again in their investment portfolio. There is no 100% correct statement, but we must remember that everything is possible in crypto and only time will judge who was right and who was not) Have a nice weekend everyone, which is coming) _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
44
ADA CARDANO - 1,3980 is a Major Resistance (still)You guys ask why I don't post on Cardano lately. Well here is the updated chart which clearly shows that unlike Bitcoin we are still under (below) major resistance. The news remain good with Portfolio Strategist Expecting Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether All tis while 'Smart Contracts One Step Closer to Hitting the Cardano Network' All this until the 1,3980 is breached over and we can buy again. One Love, the FXPROFESSOR
Long
by FX_Professor
10
ADA Plummets To $1 But Colossal Recovery In The Offing Cardano price dives to the years’ last line of defense and most formidable support at $1. The formation of a double-bottom pattern points toward potential recovery to $1.5. Cardano bled profusely alongside other cryptocurrencies in the market on Monday and Tuesday. The losses are likely to have come into the picture amid the bullish camp’s exhaustion. In other words, buyers feel unrewarded for the effort put into the market. Probably crypto assets have not bottomed amid the ongoing bear run since the all-time highs trades sometime in April. Bitcoin still trades under $30,000 while Ethereum is stuck between support at $1,750 and resistance at $1,850. Cardano is trading slightly above $1 after securing crucial support at the same level. Minor resistance is anticipated at $1.1, which could delay the recovery. Short-term technical indicators suggest that bulls are gradually gaining control. Cardano Price Aims For Massive Recovery To $1.5 The Moving Average Convergence Divergence (MACD) adds credence to the bullish outlook on the four-hour chart. This trend-following tool may soon present a buy signal, as the 12-day exponential moving average crosses above the 26-day EMA. The odds for a strong recovery will rise as the MACD closes the gap toward the mean line (0.00). According to the Relative Strength Index (RSI), Cardano is mainly in the bulls’ hands in the same four-hour timeframe. As the RSI follows ADA’s trend, it also calculates its strength. The rebound from the oversold region toward the midline speaks loudly of the growing bullish grip. It is essential to realize that Cardano has formed a highly bullish technical pattern. The double-bottom pattern came into the picture when the support at $1 was tested twice but held steady. A recoil is expected to emanate from this solid buyer congestion zone and perhaps, uplift ADA toward $1.5. Several resistance levels stand in the way of the ultimate upswing at $1.2, highlighted by the 50 Simple Moving Average (SMA) and $1.3 illustrated by the 200 SMA. Cardano Intraday Levels Spot rate: $1.07 Trend: Bullish bias Volatility: Expanding Support: $1 Resistance: $1.2 and $1.3
COINBASE:ADAUSDLong
by CoinGape
1
ADAUSD 4h SHORT Entry and Target!ADAUSD 4h SHORT Entry and Target! - Using Market Structure, Price Action and everything else into account this would be a very good scenario that might play out, I will be taking profits at our previous low since we also have a 2.618 Fibonacci Extension right below it that doesn't necessarily have to be broken but I would love to come down to the 3-1 Fibonacci Extension since we also have a Weekly there. GOOD LUCK! AND REMEMBER, THIS ISN'T A GUARANTEE BUT RATHER AN IDEA, DO YOUR OWN RESEARCH AND TECHINICAL ANALYSIS BEFORE ENTRING TRADES!
BINANCE:ADAUSDShort
by UnknownUnicorn22622902