ADA buy📊Analysis by AhmadArz : ADAUSDT
Support and Resistance Levels:
Support Level: The horizontal line at the bottom of the chart around $0.3199 🛡️.
Resistance Level: The horizontal line at the top of the chart around $0.4101 🛡️.
Time Range:
The chart includes price data from approximately June 10th to July 11th 📅.
Entry and Exit Points:
Entry Point: The short horizontal line near the $0.3700 price indicates the entry point for the trade 🚀.
Take Profit (TP) Levels:
TP-1: $0.3700 🥇
TP-2: $0.3863 🥈
TP-3: $0.4037 🥉
Stop Loss: $0.3436 ❌
Expected Price Ranges:
Green Zone: The area where the price is expected to move upwards to reach the take profit levels 📈.
Red Zone: The area indicating where the trade will be stopped out if the price moves down to the stop loss level 📉.
Black Arrows:
The arrows highlight significant price movements and key points that might indicate a trend reversal or continuation 🔄.
This chart suggests that the price of ADA is expected to move within the specified range (green zone) and reach the take profit levels (TP). If the price drops to the stop loss (red zone), the trade will be stopped.
Adausdtrade
Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart
One question arises :
- Did the ABC correction already end in April at $0.40 in 🟥the red scenario?
- Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario?
The critical level from below is $0.40
The critical level from above is $0.50
Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement.
Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5
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ADA TM : 1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
ADA: risk for buy📊Analysis by AhmadArz:
🔍Entry:0.426
🛑Stop Loss: 0.391
🎯Take Profit: 0.461 - 0.497
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Cardano Alert at $0.4477: Analysis Deciphers ADA Next Move!
Cardano has to move back to above $0.4477, otherwise it will dip to $0.3963 and, possibly, lower.
A bullish break-out of $0.4477 will push price back to $0.5434.
Above $0.5434 is a bullish daily zone and we will see a move towards $0.6562, where price action will be very important.
A sustained price action above $0.4477 will increase odds of the dip to $0.335.
ADA will create a chance to turn your life aroundHello friends, did you have a good day?
I'm going to show you a shocking and amazing chart today
It's a log-chart.
There's a way to read the ideas of the forces by applying a little bit of technology in the Fibonacci extension.
It's the SECRET of 0.1 and 0.236
0.1 and 0.236 are places where there is a fight between selling and buying, and have consolidation.
When it breaks out 0.236 upward, it can reach 0.618 (5.3135) and If it succeed in retesting beyond that, it can reach the 1 value of 38.3173.
If you take a long position at a 10x from the current point and chart goes to 1 value,
ADA → Cardano to $0.40? or $1.40? Get your Longs Ready!ADA completed its 230% price increase since October 2023 and now appears to be finding some resistance. Should we short here?
How do we trade this? 🤔
Shorting is not ideal on the Daily timeframe. Since October 2023, ADA has put in three legs in a bull trend, a double-top reversal pattern that has come off of an ascending wedge (bearish pattern). We're now finding resistance below the Daily 30EMA with a gap down to the Daily 200EMA. This analysis screams a two-legged pullback to the 200EMA, likely in alignment with the Bitcoin halving that's about to happen in April 2024.
Short on the 1HR timeframe, but get your equity ready for a long position when ADA comes into contact with the $0.53-$0.57 price area. Look for a strong bull candle closing on or near its high off of the Daily 200EMA, this is our signal bar and a reasonable one to enter on with a 1:2 Risk/Reward Ratio, aiming for a conservative target of $0.775.
A confirmation bar should take us somewhere in the $0.60-$0.65 range. If we see this, given the crypto market's similar sentiment after the halving, it's reasonable to enter at a 1:2 risk reward aiming for the $1.20 area. It's reasonable to take half profits at 1:1 Risk/Reward and swing the latter half of your position to 1:2, 1:3, or even 1:4 Risk/Reward on this timeframe, depending on how the price action plays out.
This analysis is in alignment with my recent ADA Lifetime Analysis as seen here:
💡 Trade Idea 💡
Long Entry: $0.55
🟥 Stop Loss: $0.4375
✅ Take Profit #1: $0.663
✅ Take Profit #2: $0.775
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs in a bull trend
2. Double top reversal pattern which has come off of an ascending wedge (bearish pattern)
3. Finding resistance below the Daily 30EMA with a gap down to the Daily 200EMA.
4. Look for a 2-legged pullback to the 200EMA, likely in alignment with the Bitcoin halving that's about to happen in April 2024.
5. RSI is at 48.00 and Above the Moving Average, supporting the idea of a pullback to the 30.00 area below the Moving Average.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
ADA Price AnalysisADA, is currently trading within a range of prices, specifically between 0.5588 and 0.5988. There are two scenarios to consider:
If ADA maintains its price above a certain level, marked in green, and then breaks above another specific price point at 0.5934, we might see a significant upward movement of about 24%. The target price for this potential move is 0.7414. In this case, we might consider entering the market after ADA surpasses the 0.5934 level. To manage risk, they could set a stop-loss order below the green zone.
Alternatively, if ADA's price drops below the green zone, particularly at 0.5695, the next target price would be around 0.4620. This lower price level could present another opportunity for us to enter the market.
ADA: buy in wedge📊Analysis by AhmadArz:
🔍Entry: 0.6453
🛑Stop Loss: 0.3646
🎯Take Profit: 0.6548 - 0.6667
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ADA - Be Ready for a SUDDEN PUMP📉Hi Traders, Investors and Speculators of Charts📈
Fundamentally - I'm no fan of Cardano. In a certain sense it gives me XRP2.0 vibes, with the cult following community and all. Over-promise and under-deliver with youtube shillers is XRP style and raises red flags. Ultimately, I believe crypto is bigger than one person , and most definitely bigger than than one industry expert / founder. These are a few reasons as to why fundamentally, I'm not an ADA fan.
HOWEVER. As I've said many times before, any coin can and will be traded by whales. Herewith lies opportunity for retail traders, IF you manage to get a good entry. From a chart analysis, Cardano has broken out of accumulation phase by forming a clear bottom. We even start to see glimpses of a new bullish cycle starting as the price makes higher lows.
To the left from a weekly outlook, a wick to the purple 200d moving averages is possible. On the right, from a daily perspective, we'd like to see the turquoise 100d moving averages hold:
I believe it's possible for the price to continue increasing from here and I even believe a hard and sudden, random pump is possible (likely followed by a sudden dump). I'll be looking for increases 30% and 45% from here, as near term targets. Higher is possible, but I'll leave higher targets for a later post once we have actually achieved these price levels. You may need some patience though:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
KUCOIN:ADAUSDT COINBASE:ADAUSD
Cryptolean Cardano ADA Update Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80.
Above $0.80, bulls will take control of the ADA price chart towards $1.
A daily candle closure above $0.80 will push ADA price towards $0.90 and higher.
Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline.
Intraday Chart
The ADAUSDT 4-Hour chart is in the bullish territory and holding the key intraday support of $0.736.
A reversal from its current price location is likely and a bullish rejection of $0.736 will push Cardano to the key intraday resistance zone of $0.84-$0.88.
A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.84-$0.88 and higher.
Like once read.
Thank you!
Cardano(ADA) is Ready to Fall at least 🚨➖10%🚨🏃♂️ Cardano(ADA) is moving near 🔴 Heavy Resistance zone($1.053-$0.746) 🔴 and Resistance line .
🌊According to Elliott wave theory , Cardano(ADA) seems to have completed Zigzag correction(ABC/5-3-5) .
🔔I expect Cardano(ADA) to start falling again from the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least fall to the 🟢 Support zone($0.661_$0.633) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Cardano Analyze (ADAUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ADA: sell-high buy-low📊Analysis by AhmadArz:
🔍Entry:
sell:0.758
buy:0.598
🛑Stop Loss:
sell:0.788
buy:0.562
🎯Take Profit:
sell:0.726-0.687-0.654
buy:0.662
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!