Cardano is approaching the main trendHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.40 zone, Cardano is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.40 support and resistance area.
Trade safe, Joe.
Cardano
ADA Bull Run Insights: Historical Patterns and Future ProjectionIn this detailed analysis of Cardano (ADAUSD), we examine the current support level at $0.333, which is proving to be a significant point for potential gains. Should this support hold, ADA could see a substantial increase. However, if it breaks, the next strong support is around $0.24, where a bounce is highly anticipated due to upcoming positive events and the nearing approval of Ethereum ETFs. These events could trigger a rally in altcoins, likely to be observed in Q4 2024. Historically, bull runs have been characterized by high volatility and substantial price rises, which we expect to see again.
For the upcoming bull run, Cardano's target is projected to be at least $7, based on historical performance and calculations. If ADA flips the $7 resistance by February 2025, we could see a maximum target of $9.11. Cardano, listed during the September 2017 alt season, yielded a 7322% return and an impressive 15556% return during the 2021 bull run. For 2025, we are anticipating a return of approximately 3750%. ADA is currently forming an uptrend with its maximum resistance projected at $9.11. Historically, bull markets have seen unexpected price pumps, and we can expect similar volatility this time. It is crucial to monitor S&R zones to keep trades active and plan to exit long positions around March or August 2025.
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$ADA Chart FULL RESET AheadCRYPTOCAP:ADA has been extremely Bearish since April 11th when the 192 Day range cratered the price 35% over 4 days breaking the 200 MA
hasn’t been able to reclaim since, and cant even break the 9D EMA
Chart is on its way to a full reset.
Could be as much as a 476 day sideways range between $0.23 and $0.37 which is the .236 Fib
Hopefully by Q3 2025 Cardano can rally at the end of the Bull with the leftovers
CARDANO | ADAThe price of ADA is $0.4 today with a 24hour trading volume of 285 million dollar. This represents a 5.7% price increase in the last 24 hours and a 12% price decline since last month
Ada managed the breakout at 0.38 and had a huge buy volume and now the crucial EMAs (50, 100, and 200) accumulated between the $0.41 and $0.396 barrier accentuate the high resistance zone which needs to be breached for further recovery. RSI and most indicators shows that bulls are in control
Charles Hoskinson, the founder of Cardano, announced that Atala PRISM, the project’s decentralized identity solution, is being open-core adopted by an unannounced large open source foundation. This move aims to accelerate the commercialization of decentralized identifiers and enhance the adoption of secure, private identity management.Atala PRISM is built on the Cardano blockchain, offering a unique approach to identity management where users retain ownership of their identity and have full control over the use and access of their personal data. This decentralized solution ensures that data is shared only through secure, private peer-to-peer communication channels, making it suitable for businesses, governments, and individuals.
Atala PRISM offers numerous advantages for various stakeholders. Businesses can quickly onboard new customers, reduce compliance risks and costs, and deliver seamless user experiences. Governments can issue digital identities and enable instant access to public and private services. Individuals gain ownership of their identity and data, controlling how their personal information is used and accessed
are you bullish on ADA or you think we talking about a stablecoin !?
Cardano Is approaching the downtrendHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.410 zone, Cardano is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.410 support and resistance area.
Trade safe, Joe.
Everything Suggests 33c Cardano ADACardano broke down from it's consolidation structure and is now headed to the next level at 33c.
33c is:
- The next major level of support
- The 1.618 of a bullish butterfly (although not perfect)
- The exact measured move of the triangle
We had a bullish bias towards this consolidation structure, as we did for many of the altcoins, however that has now changed and we flipped bearish on the market short - mid term.
We managed to get out of the posted positions early before having to take significant losses.
Now the game plan is to short assets like cardano until they reach the next level or a bullish structure develops. The bearish bias will remain until this changes and we will constantly update. We will also not own or buy any of these assets until then.
As of right now we are short from 42.3c and will update with continuation patterns. We expect this to last a month or two from now before getting a clearer long term picture.
Cardano Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.4100 zone, Cardano was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.4100 support and resistance area.
Trade safe, Joe.
ADA is bearish in the medium termBefore anything, pay attention to the time frame. The time frame of this analysis is 3 days and the realization of the specified movements will take time.
The structure is bearish on the big time frames and these big and powerful bearish moves are needed to get to the SW Hs of the big time frames.
We have a demand range, which is actually our POI, and we are looking for medium and long-term purchases in this range.
The target can be the supply box for the medium or long term.
If ADA reaches this range, we will look for buy/long positions.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Is ADAUSDT About to Take Off? Don't Miss This Key Opportunity!Yello Paradisers! Are you ready to dive into an exciting opportunity with ADAUSDT? Right now, the market sentiments are leaning bullish, and there’s a high probability that Cardano will take a bullish ride.
💎We've observed that #Cardano has successfully broken above a key resistance level at $0.4078. If it manages to sustain this momentum, there's a high probability of a significant upward move. Previously, #ADA followed a descending resistance line for a long time, and its recent breakout indicates a potential upward trend.
💎With the current bullish sentiment, if the price sustains and the bulls remain in control, we can expect a move targeting levels above the strong resistance zone.
💎However, what if #ADA faces a strong rejection from the internal resistance at $0.4942 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the lower support level of $0.3633.
💎During this phase, many inexperienced traders might immediately open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
seems like ada getting ready for recovery seems like healthy correction has completed and finally ada getting ready for solid recovery
forming falling wedge in h12 timeframe expecting upside breakout soon expecting new yearly high incoming days incase of successful breakout
easy target for me will be around 0.80$ after successful breakout
Cardano Daily TA : Support Levels and Potential Mid-Term TargetsBy examining the #Cardano chart on the daily timeframe, we observe that the price is trading in the 40 cent range. If the price can maintain the support zone of $0.35 to $0.385, we can expect further growth to higher targets for this attractive cryptocurrency. The medium-term targets for Cardano will be $0.42, $0.45, $0.51, and $0.58, respectively. The expected return in the medium term is between 15% to 40%!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA/USDT Weekly Chart Update.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ADA is currently holding a historical supporting trendline that hasn't been broken since March 2020. A rebound can be expected, potentially allowing the price to test the resistance trendline at $0.58.
The 35EMA can be considered a primary resistance level. A rejection or breakdown below the support line will likely drop the price by 34%, or in the worst case, 60%.
On the higher side, a breakout above the 35EMA and the resistance trendline could trigger bullish sentiment and a rally toward the all-time high.
Key Observations:
~ Primary Support/Entry: $0.3732.
~ Support 1/DCA: $0.2431.
~ Support 2/DCA: $0.1486.
~ Resistance 1: 35EMA ($0.48).
~ Resistance 2: $0.58.
DYOR. NFA.
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Bitcoin Weekly TA : Bitcoin Poised for Next Bullish Run (READ)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that, as expected, the price corrected to $58,400 and encountered buying pressure. Currently, Bitcoin is trading around $63,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can expect the start of the next bullish trend. Based on previous analyses, the mid-term targets for Bitcoin are $72,000, $77,000, $85,000, and $100,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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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GTAI/USDT 4-Hour Chart Analysis : Bull or Bear ? (READ)By checking the GTAI/USDT chart in the 4-hour time frame, we can see that since last week, due to the heavy fall of Bitcoin to $58,000, the entire crypto market began to fall, and GT Protocol was no exception to this. The range of 78 cents is being traded and we will probably see the growth of this crypto again by collecting liquidity below 75 cents! Possible targets will be 0.8150, 0.85 and 0.91 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Cardano is trying to hold it's supportCardano's price is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger a strong upward move, while failure might lead to a decline towards key support levels at $0.3652 and $0.3611. Currently trading around $0.3890, Cardano is trying to hold support after rebounding from the $0.3611 discount area, indicating a short-term upward trend.
ADAUSDT Elliott wave countCardano may find support into 0.618 fib retracement of wave ((1)) ending a complex correction started from 0.8104.
Price must clear 0.49 level before we may declare an end of the correction at 0.3575.
Also oscillators are showing bullish divergence that may signal a potential shift of the trend.
SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban