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ADAUSDT,🟢Still bullish...?!🟢(Details on caption) By examining the ADAUSDT (Cardano) daily chart, we can see the price retraced to 50% of the previous leg, filled the FVG, and started the uptrend. In addition, the price created the buy side liquidity that formed as an equal high which can be defined as a target. Now, the demand zone is the first support for the price and we can expect the price to move higher after hitting this zone. If this demand zone does not work the last line of defense is the FVG formed in the OTE zone. What you should know: Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency. 💡Wait for the update! 🗓️25/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
ADAUSDT,🟢Is it bullish or bearish?!🟢 (Details on caption) Well, as you can see the price started the retracement and hit the bullish order block that formed at the 0.705 Fibonacci level. Now if the price stabilizes above 0.536, we can expect the price to fill the FVG, but if the price is rejected from the bearish order block (0.5227-0.5367) we can expect the price reach to the previous low at 0.4477 and then 0.4110. 💡Wait for the update! 🗓️04/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
by VahidTradingCR
3
ADA Bearish ☁️ - Downside Trend On the 3-Day & 1-Week HorizonsThe prices of cryptocurrencies were little changed over the past 24 hours as investors digested the past days’ signals that the expected US rate cuts will be delayed until May or later. Trading conditions will be mixed on the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Polkadot facing bearish clouds, according to ATTMO. As for Ether, Binance Coin and Ripple’s XRP, they should all profit from a bullish sun. Over a one-week horizon, this bullish sun will shine over Bitcoin, Polygon and Chainlink, while the other altcoins covered by ATTMO are set to face clouds and downside risks. Follow us for more crypto weather reports!
Short
by ATTMO
ADA Faces ☁️ & Downside Risks in the Next 7 Days Despite Cardano leading in code commits over the past year, surpassing Ethereum, Polkadot, and the BNB network, the current scenario appears grim. Daily active addresses on Cardano have recently plummeted, accompanied by a decline in daily transactions on the network. ATTMO predicts overcast conditions ☁️ and a bearish trend for Cardano CRYPTOCAP:ADA in the upcoming 24 hours. The likelihood of this trend persisting for the next 3 & 7 days suggests an extended downside potential for the coin. Follow us for more crypto weather reports!
by ATTMO
Cardano's Explosive Potential: Targeting $1 and Beyond Cardano (ADA) is about to explode with potential, aiming for a target of $1 and beyond! Cardano, the blockchain platform that has been captivating the crypto community, is making significant strides towards becoming a force to be reckoned with. With its unique approach to scalability, sustainability, and security, Cardano has been gaining momentum, and the time to act is now. Why should you be excited? Here's why: 1. Unleashing the Power of Proof-of-Stake: Cardano's innovative proof-of-stake (PoS) consensus mechanism sets it apart from other cryptocurrencies. PoS offers scalability, energy efficiency, and reduced environmental impact, making it an attractive alternative to the energy-intensive proof-of-work systems. 2. Smart Contracts on the Horizon: Cardano is on the verge of releasing its much-anticipated smart contract functionality through the Alonzo upgrade. This development will enable developers to create decentralized applications (dApps) on the Cardano blockchain, opening up a world of possibilities for innovation and growth. 3. Embracing Sustainability and Regulatory Compliance: Cardano takes a responsible approach by prioritizing sustainability and regulatory compliance. Cardano aims to foster trust and attract institutional investors by ensuring compliance with global regulations, further driving its growth potential. Now, let's get down to business. It's time to take action and seize this incredible opportunity. Here's your call-to-action: Long ADA now and position yourself for the Cardano revolution! With all the exciting developments in the pipeline, Cardano is set to soar to new heights. By taking a long position on ADA, you can potentially ride the wave of success and reap the rewards. Remember, timing is crucial in the world of trading. As Cardano continues to gain traction and its value surges, you don't want to be left behind. Act now and join the ranks of forward-thinking traders who recognize Cardano's potential. So, what are you waiting for? Open your trading platform, place your long position on ADA, and get ready to witness the explosive growth of Cardano firsthand. Get ready to embark on an exhilarating trading adventure with Cardano!
Long
by bryandowningqln
1
ADA Going to $0.32? Head and Shoulders Pattern Appearing!ADA is currently in a fanning bull channel, meaning the support and resistance lines "fan out" or widen as the trend continues. The final bull push happened at the head of the head and shoulders pattern, signaling the end of the trend. The right shoulder is currently forming and once the price falls to the channel support, could mean Cardano falls to at least $0.30. How do we trade this? The probability of profit is always greater trading with the trend, but we have a reversal pattern playing out which brings us pause entering in a long. Bitcoin, a leading indicator of the crypto market, is stalling in price and pulling back. My recent 4HR and Weekly analysis depicts Bitcoin's fate, which shows a falling price. This could hinder ADA from climbing in price, so we need to see what happens when it comes in contact with the trend support line around $0.36. If we see a bull signal bar (strong bull bar closing near its high with a tail 1/3 to 1/2 the size of the bar) followed by a strong bull confirmation bar (large bull bar closing on or near its high), then we have a long signal. If ADA has a bear bar closing below the channel support followed by a failed attempt to come back into the channel (confirmation), then it is reasonable to short to the 4HR 200EMA around $0.32. Key Points 1. Fanning Bull Channel: Price swings increase as the trend continues, probability of profit is higher when longing 2. Potential Head and Shoulders Forming, a reversal pattern that should bring pause when wanting to enter a long 3. Bitcoin is a Leading Indicator, the Risk of Pullback, could hinder ADA's ability to climb 4. RSI has Room to Fall. A weak indicator on its own, but supports #2 and #3 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
KRAKEN:ADAUSDShort
by TraderEngineering
2
Strong CardanoHello there , mastershark here , the predictor. As some folks requested here’s what i think about cardano ; despite being rubbish cardano is showing strength. I think that there’s high probability that ada will break the ATH and aim to 8$ or around for the peak of bull run . Many old coins wont BTW . As I mentioned in the chart historically we are in the beginning of bull cycle which in previous one covid 19 gave us black swan and i think some incidents like that isn’t on the table unless we see a huge war which i think the governments can’t afford. We have obvious similarities with previous cycle that isnt a criteria but ill give us some clues. Check the RSI aswell. Stay safe fam .
CRYPTO:ADAUSD
by mastershark
7
Cardano Price Surges by 10% in Just 2 Days!Cardano (ADA) has experienced a phenomenal surge, with its price skyrocketing by a remarkable 10% in just two days! The Cardano community has been buzzing with anticipation, and this recent surge has certainly exceeded our expectations. As a trader, it's crucial to stay informed and capitalize on these exciting opportunities. That's why I wanted to reach out to you and share this thrilling development. Now, let's talk strategy. With Cardano's recent surge, it's essential to keep a close eye on its movements. As you may already know, Cardano has been steadily climbing, and it's currently approaching a significant milestone: the 100-day simple moving average. This is a crucial indicator that can provide valuable insights into the market sentiment and potential future price movements. Here's where the call-to-action comes in: I strongly encourage you to consider going long on Cardano once it successfully passes through the 100-day simple moving average. This could be a game-changing moment for ADA, and you don't want to miss out on potential gains! By taking advantage of this opportunity, you position yourself to benefit from the upward momentum that Cardano has been building. The recent surge is a clear indication of its potential, and with the right strategy, you can ride the wave of success along with it. Remember, successful trading requires careful analysis and strategic decision-making. Keep a close eye on Cardano's movements, study the charts, and make an informed decision when the time is right. Timing is everything in the world of trading, and this could be the perfect moment to seize the potential that Cardano holds. So, get ready, traders! Cardano's recent price surge is a testament to its growing strength, and it's time to capitalize on this exciting development. Keep a watchful eye on ADA as it approaches the 100-day simple moving average, and when the time is right, consider going long to maximize your potential gains.
BINANCE:ADAUSDLong
by bryandowningqln