ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT
Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully.
A few other altcoins that call for concern include the following:
Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account.
You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief).
Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following:
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Cardano
ADA Cardano will reach $1.6 this yearThe psychology of market cycles says it's likely.
*$1.6 is the level where the trend line was broken and the main downtrend was entered in 2021, which makes it an important level.
*It is possible that it will no longer go below 45c.
*If the price does not delay, $1.6 will be reached in the summer
ADA: risk for buy📊Analysis by AhmadArz:
🔍Entry:0.426
🛑Stop Loss: 0.391
🎯Take Profit: 0.461 - 0.497
🔗"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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ADAUSDT.1DUpon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent lows. There are two major resistance levels to watch: R1 at 0.5263 USD and R2 at 0.6852 USD. The price recently faced rejection at R1, indicating strong selling pressure around this level. Breaking above these resistances would signal a potential reversal of the current bearish trend.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.3606 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.2255 USD, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 49.38, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided. The Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bullish reversal. The MACD line (blue) is approaching the signal line (orange)
from below, and the histogram shows decreasing bearish momentum.
Volume Analysis:
The volume pattern indicates that trading activity increases during price declines, suggesting strong market reactions. This heightened volume during downward movements implies significant selling pressure, but it also means that any positive news or bullish signals might lead to a swift recovery due to the existing oversold conditions.
Conclusion:
In conclusion, the ADA/USDT pair is currently in a neutral to bearish trend but is showing signs of potential stabilization around key support levels. The RSI indicates a neutral position, while the MACD suggests a possible bullish crossover, which could signal the beginning of a recovery phase. Traders should closely monitor the support levels at 0.3606 USD and 0.2255 USD, as well as the resistance levels at 0.5263 USD and 0.6852 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines.
Overall, the market sentiment for ADA remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
ADA's Next Move: Will it Soar or Plummet?Hey traders! ADA is at a crossroads, and the stakes have never been higher!
Currently hovering near the $0.3349 support level, ADA is on the brink of a potential breakout or breakdown.
A triumphant surge above $0.4477 could pave the way for a bullish rally towards $0.5434 and beyond! But beware, a slip below $0.3349 might trigger a bearish descent towards $0.2800.
Cardano: Bottom Formation? 🌱Theoretically, the current sideways movement could already be a bottom formation, meaning that the price will soon take off to the upside. However, we will only be convinced of this scenario (25% likely) if the resistance at $0.81 is breached. Primarily, we believe that there should be a setback before the low of magenta wave (ii) is placed.
ADA → DON'T FORGET TO GATHER YOUR COINShello guys...
I think it is the best time to gather the coin that has potential, like Ada!
you can buy it and sell it in 1.7$ and 3.6$ areas!
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✓✓✓ always do your research.
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Cardano can raise up from here !Cardano (#ADA) has grabbed the liquidity of major structure's low in the daily time frame and this means that ADA can start growing from this area to the top of the daily major structure at the price of 0.8104 .
If price can close below the 0.3994 then, this analyse will be faild and then we could see more price drop.
This is my personal oponion, and its not a financial advice.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.46, which it broke, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Cardano Alert at $0.4477: Analysis Deciphers ADA Next Move!
Cardano has to move back to above $0.4477, otherwise it will dip to $0.3963 and, possibly, lower.
A bullish break-out of $0.4477 will push price back to $0.5434.
Above $0.5434 is a bullish daily zone and we will see a move towards $0.6562, where price action will be very important.
A sustained price action above $0.4477 will increase odds of the dip to $0.335.
Charles Hoskinson Accuses Biden of Trying to Kill CryptoCharles Hoskinson, founder of Cardano ( CRYPTOCAP:ADA ), has criticized President Biden's pledge to veto a bill aimed at reigning in the SEC's crypto crackdown. This comes as the American crypto and blockchain community perceives the Democratic party as a threat. Hoskinson has accused the White House of trying to "destroy the American cryptocurrency industry" and stated that a vote for Biden is a vote against cryptocurrency.
The Cardano ( CRYPTOCAP:ADA ) founder claims to speak for the entire industry and has criticized the Securities and Exchange Commission (SEC)'s efforts to sue major crypto companies in the United States, which Hoskinson and his peers call "regulation by enforcement." He added that this policy has cost tens of thousands of American jobs and the loss of a trillion-dollar-plus industry. Hoskinson's intervention in the matter stems from President Biden's veto of a Congressional joint resolution that would reign in the SEC's crypto crackdown.
Blockchain leaders lobby for change, with Messari CEO Ryan Selkis and the Winklevoss twins being some of the party's fiercest critics. Brian Armstrong and Brad Garlinghouse have taken a more neutral stance, while Coinbase and Ripple CEOs have turned the crypto lobby into a heavyweight political fundraiser.
One of Biden's only notable supporters in the crypto sector comes from Donald Trump's former communications director Anthony Scaramucci, who founded the crypto hedge fund SkyBridge Capital. Scaramucci's lukewarm endorsement of Biden stems from concerns over Trump's unpredictable leadership style, predicting that a Trump administration would be better for crypto regulation in the short term but creating havoc and unpredictability in the legal system in the long term.
Charles Hoskinson has also criticized the World Economic Forum's Contributor Yuval Noah Harari over his remarks on Bitcoin and crypto assets. Hoskinson termed the analysis "Duning-Kruger on steroids," garnering support from the wider crypto community on social media spaces. Crypto analysts have long criticized traditional finance players for their poor assessment of the market without fully embracing aspects of the technology. Crypto executives continue to defend the cryptocurrency industry against criticisms from traditional finance players and unfair regulatory scrutiny in recent times.
Harari stated his dislike for Bitcoin because it was developed based on distrust of centralized institutions and that developments over the century show that it's a good idea to give the government and banks the ability to create more money to build trust in society. Digital asset users have rallied around Hoskinson, firing at previous criticisms of most traditional finance analysts.
Technical Outlook
Cardano ( CRYPTOCAP:ADA ) has been on a falling wedge consecutively since the start of January. The price of CRYPTOCAP:ADA has been highly volatile with the asset falling and reversing to new highs. CRYPTOCAP:ADA has a Relative Strength Index (RSI) of 37.79 which is slightly oversold. A bullish reversal is on the horizon with the asset already in a falling wedge pattern.
💎 GTAI/USDT : The GTAI/USDT Surge to New Heights ! Agree ?Upon reviewing the GTAI/USDT chart, we observe that the price began to rise following our last analysis and achieved the expected return we anticipated. The short-term expected return was between 20% to 50%, and the price managed to increase by more than %26, reaching up to $2.30! It’s likely that after a minor correction, we will see the price grow again.
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 30-50% Growth Incoming ?! #CardanoStrong demand confirming on our $40s zone driving multiple confirmation with a environment breakout after a strong correction phase is no longer bearish.
Looks feasible as of now for a relief rally anywhere between 30-50% in the encircled points.
Let's see !
💎 CHILIZ (CHZ) - Investment Opportunity (READ THE CAPTION)Upon reviewing the #CHZ cryptocurrency chart on a weekly (logarithmic) timeframe, we observe that the price, after a correction down to $0.10270, has once again encountered demand pressure and has managed to grow to $0.13130 up to this moment. The yield of this analysis has been over 30% so far and remains valid! The next targets, in order, are $0.16890, $0.215, $0.297, and $0.39360! The expected long-term yield of this cryptocurrency is over 250%!
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
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
CARDANO WEEKLY BULLISH OUTLOOK ADAUSDT has once again stabilized at a significant key level on the weekly timeframe. Observing historical price movements to the left, there's potential for a reversal in the highlighted zone. Strong rejections and bullish reversals in this region historically support our bullish thesis. The current sell-off is viewed as a substantial retracement, correcting the preceding rally. Notably, the price is holding at the 61.8% level on the Fibonacci retracements, suggesting a potential area of support.
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle.
It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life.
The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort.
Keep an eye on this trade!
ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
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BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC