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ADA USDT thesis with RAG AI by Titan_KarmaIntraday Scalping Strategy Analysis for Cardano (ADA): Evaluating Long Positions Amid Current Market Conditions Abstract: This thesis examines the viability of initiating a long position in Cardano (ADA) based on current market conditions, using an intraday scalping strategy. The analysis leverages a combination of technical indicators, real-time data, and sentiment analysis to identify optimal entry points and manage risk effectively. The findings are grounded in a comprehensive evaluation of the market's bullish momentum, positive sentiment, and recent trading patterns, with an 85% confidence level supporting the trade recommendation to initiate a LONG position. 1. Introduction This thesis aims to explore the application of intraday scalping strategies to ADA, specifically under current bullish market conditions. With Cardano's price reaching $0.4406 and a significant surge in trading volume (266.96 million), there are indications of continued upward momentum. However, caution is warranted due to overbought technical indicators. This study identifies strategic entry and exit points to optimize returns while minimizing risk. 2. Background on Cardano (ADA) and Scalping Strategy Cardano Overview: A brief overview of Cardano, its role in the blockchain ecosystem, and the factors driving its adoption. Intraday Scalping Strategy: Definition and explanation of scalping, a high-frequency trading strategy that involves capitalizing on small price movements throughout the day. This strategy is particularly effective in moderately volatile markets like ADA. 3. Data Sources and Market Analysis Coinglass Data: Open interest remains healthy, with a favorable funding rate indicating market participants are predominantly taking long positions. The absence of significant liquidations suggests a stable trading environment. Binance Order Book Analysis: The presence of substantial buy walls at $0.4350 suggests strong support, which could act as a buffer if a retracement occurs. The moderate volatility index indicates a conducive environment for scalping. CoinMarketCap Metrics: A robust liquidity score and stable market cap reflect sustained investor interest, with candlestick patterns pointing toward a bullish continuation. Sentiment Analysis (Augmento and CryptoCompare): Predominantly positive sentiment among traders, driven by recent whale activity and institutional interest, reinforces confidence in ADA's short-term bullish outlook. 4. Technical Analysis of Current Market Conditions Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. Historically, this level suggests a potential for short-term pullbacks. Stochastic Oscillator: High Stochastic readings align with overbought conditions, advising caution for new entries until a retracement is observed. Bollinger Bands and Moving Averages: The price is near the upper Bollinger Band, suggesting potential resistance, while the price remains above the 50-period moving average, indicating bullish momentum. MACD: A recent bullish crossover on the MACD supports the continuation of an upward trend, aligning with the current market sentiment. 5. Trade Recommendation and Strategy Position: Open a LONG position if the price retraces to the support level of $0.4350. Entry Criteria: Timeframe: 15-minute intervals to capitalize on intraday movements. Indicators: RSI above 50, MACD bullish crossover, price near the middle Bollinger Band, and moderate volatility. Stochastic Oscillator: Monitoring overbought conditions to identify optimal entry points after a pullback. Exit Strategy: Take Profit: Target set at $0.4500 to align with the next resistance level. Stop-Loss: Set at $0.4300 to mitigate downside risk. Exit Point: Recommended exit around $0.4450 to secure gains while avoiding potential pullbacks. Confidence Level: 85% 6. Risk Management and Market Dynamics Support and Resistance Levels: The $0.4350 level serves as a key support zone. A break below this level could signal a shift in sentiment and invalidate the long trade setup. Volatility and Market Sentiment: Given moderate volatility and high bullish sentiment, traders should remain agile, adapting quickly to changing conditions. Overbought indicators suggest monitoring for potential pullbacks before entering new positions. Correlation with Broader Market Trends: ADA’s price movement remains correlated with Bitcoin (BTC), which also shows bullish signals. Any significant shifts in BTC’s performance could impact ADA’s trajectory. 7. Conclusion The current technical and sentiment indicators provide a favorable setup for initiating a long position in Cardano (ADA). However, the overbought conditions identified by RSI and Stochastic indicators warrant caution. The recommendation is to wait for a retracement to the support level of $0.4350 before entering a long position. The exit strategy, stop-loss settings, and profit targets are designed to optimize returns while managing risk effectively. 8. Future Research Further research could explore the impact of macroeconomic factors on ADA’s price, the influence of whale activity on market sentiment, and a comparative analysis of ADA’s performance relative to other Layer-1 blockchain projects. Additionally, studying the correlation between ADA’s market movements and those of Bitcoin could yield insights for improved predictive models. This thesis provides a comprehensive analysis tailored for traders leveraging intraday scalping strategies, focusing on optimizing entry and exit points in a moderately bullish market environment.
Long
by titankarma
Fundamental Market Analysis for September 06, 2024 EURUSDAn event to look out for today: 15:30 GMT+3. USD - Unemployment Rate EURUSD: EUR/USD posted a second consecutive day of gains on Thursday, breaking above 1.1100 as markets actively sold off the US Dollar ahead of Friday's highly anticipated US Non-Farm Payrolls (NFP) report. Markets are looking for further signs that the Federal Reserve (Fed) is ready for an initial rate cut and the start of a rate-cutting cycle in September, but US data must continue to soften to keep hopes of a rate cut high. European economic data did not provide additional support for the Euro after July's EU retail sales data fell short of expectations. Annualised retail sales came in worse than expected at -0.1% for the year ended July, falling short of the expected 0.1% uptick compared to a revised previous decline of -0.4%. According to ADP, the US added 99k new jobs in August, down from July's revised 111k and well below the 145k expected. The August ADP figure was the lowest since early 2021, triggering a new round of risk aversion and reigniting investor fears that the US may be heading into recession. The ADP employment report serves as an indicator of what markets can expect from Friday's upcoming US NFP report, although it has a shaky reputation for accuracy. The August NFP report is the last significant employment update before the upcoming Federal Reserve (Fed) meeting on 18 September, when Fed policymakers are expected to begin the rate-cutting cycle. NFP is expected to come in at 160k on Friday, up from 114k the previous month. According to CME data, the betting markets are currently betting on a 40% chance that the Fed will open the door by cutting rates by 50 bps later this month. The remaining 60% are betting on a more modest 25bp rate cut. Investors expect the NFP data released this Friday to gauge the depth of the Fed's first rate cut since its 100bp cut in March 2020. Trading recommendation: Trade predominantly with Buy orders from the current price level
Long
by Fresh-Forexcast2004
Bitcoin and altcoin analytics(April 17-18)Yesterday, we bounced off the buyer's zone in bitcoin , but the movement is very weak. Now a re-spill and test of the lower extremes $60,700 and $59,000 is very likely. Open long positions are better to be transferred to break-even. The bull market will only be broken with a true breakout of these marks, until that moment longs are a priority. Sale zones: $69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone). Buyer zones: $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone) Interesting altcoins Recommendations are the same as yesterday, we are waiting for the development of movement on bitcoin to understand the future direction of the market. With a bitcoin spill, you can consider BNXUSDT at the level of $0.66. Below is a decent volume zone $0.65-$0.62, from which we can get another round of growth.
by Crypto_robotics
1
BTC UPDATE April - last train tickets at a good price ! :) Historically, after exceeding its ATH, BTC made a small and healthy correction for market in which short-term investors sold out - this correction always fluctuated around 17%-18%. BTC has made such a correction and, according to analysis of previous movements, it is currently ready for a quick and impulsive increase of up to approximately 58%, which can bring it to a value of approximately $108,000 - $116,000 . After achieving this result, which may occur within next month and will coincide with Halving Day, I expect a larger correction. (SELL THE NEWS). We will reach psychological $100,000 on BTC, street investors will enter the market on FOMO, thus doubling the price in the area I mentioned above and there will be a larger price correction of about 30-40%. Good Luck my friend's & Let's change world for better :)
Long
by potas58
BTC - nest target 82,000$ (fib 1,6)BTC Update: BTC is currently at culmination of game and a certain channel. In my personal opinion, probability of an upside is very high and I have two reasons for this: we are on lower line of channel, which should act as support - next thing we do is retest the downtrend breakout lines. Additionally, greed is high and everyone is waiting for a big correction to buy as cheaply as possible - and this may not happen at all. Pure mathematics: On average, four times more BTC is purchased by ETFs every day than is mined daily by miners. There are about 30 days left until Halving - after time when purchasing average is maintained, and it should be, because at moment only 10% of all financial funds currently provide ETF services and many are already applying for new ones, there will be 8 times more BTC purchased than on a daily basis mined by miners. Historically: Each time after crossing last peak, BTC made a small correction of around 20%, followed by a very quick rebound upwards of around 90%-100%. General narrative: Greed at a very high level - which works both ways, everyone wants to sell as expensive as possible but also buy as cheap as possible. I believe that it will still be too expensive for most investors and they will only join market when BTC cent reaches new historical highs around $100,000. Then funds will start selling first larger batches of BTC to naive street and dress them up with expensive BTC. Greed will destroy them because it was still too expensive for them and with each adjustment they thought it would be even cheaper. Instead of accumulating in batches and averaging the purchase. Good Luck :)
Long
by potas58
3
Alikze → #CHZ | Ready for a new rallyIn the daily time and 4H, it has moved a full upward cycle, which now seems to be preparing for the start of an attractive rally after the 3-fold correction. Therefore, a new floor should not be built. ⚠️Note: If the sub-zone of 97 cents stabilizes, the transaction will be reversed and an alternative scenario must be defined for it, and this scenario will be invalid. 🟩Sup: 0.97 ⛳️Tp 1:0.11290 ~ 0.11590 ⛳️ Tp2 : 0.12800 ~ 0.13420 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
10
Alikze → #EURUSD | X-wave correction for the downtrendThe Euro-Dollar currency pair is moving in a descending channel, which is currently moving according to the corrective structure of a three-wave. Two current paths to continue its reform path can be imagined. An upward movement in the form of an X wave will continue its correction along the way to the previous floor. ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
by alikze
Fantom replicates the macro formMethod : Fractal Geometry Research White Line : Fantom Purple Line : Geometry fractal predictions Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades. !However, it's not suitable for scalping, short-term, or future traders! " Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an ancient one, rarely utilized, and challenging to comprehend, references are scarce." Note: that personal observation does not constitute financial advice. It's important to seek advice from a licensed financial advisor before making any investment decisions.
Long
by adivirgia
MATIC Fractal Geomerty ResearchMethod : Fractal Geomerty Research White Line : Matic Chart Purple Line : Geometry fractal predictions " Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an ancient one, rarely utilized, and challenging to comprehend, references are scarce." Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades. !However, it's not suitable for scalping, short-term, or future traders! Note: that personal observation does not constitute financial advice. It's important to seek advice from a licensed financial advisor before making any investment decisions. #matic #polygon
M
by adivirgia
btcusdt long $BTC this has become so ridiculous. up and down same amounts daily. Lenders should be broke by now, but they are not and why, because you guys need to understand, you're lending off people that know your positions, its so easy to liquidate you as there is absolutely no regulations, no insight on who is dumping or pumping. Clearly manipulated, so obvious the market making, the liquidations, same game daily, they dump you all sell and give them a cheaper entry, they'll keep repeating as long as the can buy back their BTC for less and you keep raising till they dump again. This is like farming people. If you people would constanly raise its value they cant buy cheaper, they wont dump easy because they cant retrive what they've sold. To hard to understand? Keep feeding them. Dont know what you all see in charts when everything is control of a few people. I'm here to invest long-term and not play daily games, but daily people, exchanges/lenders running it down makes it unatractive
Long
by Tayyab1211
2
I will not fall as long as there is the specter of recession.The pandemic caused the dollar to strengthen, despite very low interest rates. There was a moment when it weakened, and that was at the very beginning, until January 2021. After that, it consolidated until June, and then only went up. Why did the USD strengthen, even when rates were around 0%? The crisis has the effect of strengthening the dollar, since all international payments and settlements are made in this currency. In addition, most of the loans that countries take out come from the US. In other words: the demand for the USD was so high that some people began to wonder in 2021 whether there would be a shortage of this currency... For this reason, the FED could 'printed' $9-13 trillion, and the price went up anyway. Something ends, something begins. To make matters worse for all the countries that are borrowing massively in USD in chaos, the FED in March 2022 decided, to start raising interest rates, because inflation in the US started to go up. Of course, the topic of inflation is thicker than just the massive printing. In 2022, Russia attacked Ukraine in February, starting a war that continues to this day. Conflicts are liked by oil, which soared to nearly $130 a barrel. This pushed up fuel prices, followed by the prices of almost every product in stores. By February, the world had forgotten about the pandemic. Late 70s and early 80s. The whole situation is very similar to the late 1970s, when the Iranian Revolution was taking place, which created turmoil in the oil market. American oil then reached almost $40 a barrel. At that time, thanks to this situation and the Iran-Iraq war and the First Gulf War in the 1990s, the Soviets became the world's No. 1 oil producer. All this caused inflation in 1980 in the U.S. to be close to 15%, and interest rates were raised to 20%. Oil a bigger problem than 'printing'. The prolonged conflict in Ukraine, sanctions on Russia, the still destabilized Middle East - protests in Iran, the Taliban in Afghanistan - and OPEC trying to cut oil production daily to drive the price above $100 a barrel... There are so many arguments for oil to rise in the medium term, and only the US fighting it actively by putting its reserves on the market. This could be the main reason for double-digit inflation and high interest rates in the US. Fed against the wall. High rates and low inflation is a better short-term solution than too low rates and stagflation/high inflation. And yet, voices are breaking through to stop raising interest rates because it threatens recession - and it will, no matter how they want to defend themselves - and stop demand. But after all, that's the point; people are supposed to stop consuming maniacally and take out consumer loans to lower demand and help fight inflation faster. I believe the Fed, headed by Powell, are aware of this which is why they will not let up until inflation reaches 2%. Long-term calm. When Inflation starts to fall significantly, the FED will start cutting rates, and that's because Powell is looking hard at the 1980s crisis and Paul Volcker's conduct. One scenario I am considering is: RECESSION → Inflation starts to fall → Rate cuts → 2024-2025 economies get back on their feet and a new bull market begins. This is my long-term view. I wouldn't expect a big weakening of the USD during this time, as it will be supported by high interest rates, still strong demand and when inflation starts to fall, it will also support the currency. I would expect a weakening right after the recession ends. This was the case with the recessions of the 1980s, 2000 and 2007. An uncertain, short-term future. Currently, I don't know what to expect from inflation in the US - the next CPI reading on November 10. If it starts to fall now, it will increase the probability for the Fed to raise interest rates in December by 50 basic points rather than 75 basic points. The USD will weaken temporarily, but it will be hindered by oil, which is getting closer to $100 a barrel every day, and if it exceeds that level, the next CPI readings could be higher. Scenarios. November 10: Inflation down → USD INDEX down → US Indices (SP, NQ, DJ, etc.) up → Precious metals up. Verification at next reading in December. Inflation maintained or up → USD INDEX up → US Indices down (Sell Off) → Precious Metals down. At this point, technically, the short-term USD INDEX is giving a signal for a decline, but a very weak one, so I am not set in either direction and take each scenario with equal probability. Possible scenarios for the coming weeks, but I know that there are still levels below (102) that could be affected if inflation falls now. P.S.. Unemployment has started to rise in the US, which is the first sign that raising interest rates is starting to work.
TVC:DXYLong
by Manticore_Investments