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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
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
Cardano Inches Its Way Towards a Bullish Break Of Falling Wedge-ADA has held major support of $1.15 strongly -Price has formed a large falling wedge pattern -ADA has failed to hold its 30 day MA

 Cardano has had a rough last couple weeks as price has fallen nearly -25% to its major support. This price action was not out of the ordinary as the majority of the cryptocurrency market also fell as a result of BTC dropping to its $31,000 support level. Price has been stuck in a near 3 month downtrend as bears have not given up control. Although, there are some signs a trend change may be in the process. Shown in green, Cardano has been forming a falling wedge pattern the last 3 months. This pattern is similar to the one spotted on BTC & it is generally a bullish pattern. In the short term, bulls must break & hold the major resistance zone found at $1.20-$1.27 to have a shot at revival. If ADA manages to break & hold this mark, we can then say price is out of its falling wedge pattern in a bullish way. This will likely cause a push to major resistance of $1.34. If Cardano turns bullish in the short term, it must then tackle the 30 Day MA. This MA has held price down since the beginning of June. If bulls fail to do so, price will likely retrace back to its major zone of $1.20-$1.27. If this also fails, we can expect ADA to touch back to support of $1.20, $1.14 & $1.09, respectively. While looking at the RSI, we can see strength has been basically flat lined for months. This has created a descending channel like structure which needs a strong breakout to either side to have a confirmed trend change. The Stochastic RSI has been hanging out in oversold territory which is a sign a reset has occurred which may have set the stage for another bullish push. ADA intraday levels Spot rate: $1.21 Trend: Bearish Volatility: High
 Support: $1.15 Resistance: $1.27

by CoinGape
3
ADA, Cardano - 2️⃣ scenarios for long positionPrice formed a clear resistance line. I see 2 scenarios for buying. 1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest) 2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32 This idea not for people who want to buy and hold. It's idea for everyone who understands how to trade. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8