Adausdtradeidea
Cardano, mid term tradingHappy Sunday everyone,
this analysis is a medium term analysis, which closes the position in the next two or three months.
In this analysis, I used a daily time frame, because if I used 4 hours, it wouldn't fit on 1 chart.
Cardano has touched channel up support that was formed since early November last year, and this pattern is still very strong and persists to this day.
We can take bullish steps now around the 0.5878 level, or wait to touch support again at the 0.5692 level, by pursuing the 52% profit projection at the up resistance channel at the 0.8710 level as profit target.
However, this time I recommend using a small margin, because it is not only the up channel that is formed, but also the head and shoulders pattern.
and if the up channel pattern breaks down, then what will happen is that bears will pursue the target of 0.3411 with a decline of -40%
My money management is simple in this trading,
I use 1% of equity without a stop loss and if the price falls to 0.3411, I make a buyback (martingale) with a volume of 2% or 3% of equity.
Hopefully this analysis is useful,
Don't forget to support and share this analysis.
Happy trading
Cryptolean Cardano ADA UpdateAs expected, ADA dipped to below $0.66 and re-tested the ascending daily trendline.
Above $0.66, bulls will be more active towards $0.76-$0.80.
An inability to return to the bullish territory above $0.66 will result in a bearsih pressure towards $56,97 and a bearsih break-out of the trendline will lead to $0.523.
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.
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Thank you!
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
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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
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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
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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!
in channel _ADA_📊Analysis by AhmadArz:
🔍Entry: 0.480
🛑Stop Loss: 0.477
🎯Take Profit: 0.486 - 0.494
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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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!
Sell on resistance (ADA)📊Analysis by AhmadArz:
🔍Entry: 0.522
🛑Stop Loss: 0.532
🎯Take Profit: 0.512
🔗"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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buy on best candle (ADA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are a good candle for buy if not break zone of 0.59$ .
📊 (Entry) : 0.5945
🔴 Stop Loss : 0.5820
🎯 Take Profit : 0.6072-0.618-0.6345
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ADA/USDT Looking BullishTRADE ALERT! Ada
Ticker: ada/USDT
Entry:0.51-0.53
Take Profit: 0.6180-0.6385
Stop Loss: 0.4739
Risk to reward: 1:2
Technical Thesis:
Price saw a correction upto 0.618 fib ratio
The area of 0.5 fib and 0.618 fib is where price is holding and is expected to bounce.
Keep an eye on 0.53$ to 0.51$ area for long position.
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 or range?!Hello to all my dear friends
As you can see in the chart. Cardano is suffering within the specified range after a huge upswing. which can have two modes. Either a bullish flag pattern that will have an upward trend or suffer again and get out of its support mode. We have to wait to see what the market will do...