ADA CARDANO READY TO FLY Wyckoff accumulation on the daily chart is complete. We have been in this period for more than a year. Breakthrough with strong volume is desirable
I am of the opinion that every buy dip is good on ADA
Cardano
ADA: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. That’s a resistance zone where it got rejected in late 2023. Now we wait for price to either 1) break above $0.68 resistance to signal continuation of uptrend, with +47% upside potential to $1.00 next, or 2) pull back near $0.46 support for another swing entry in Uptrend with +17% upside potential back to $0.65.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $1.00.
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, 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
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💌
ADA Long Opportunity 30%+ BreakoutADA reaching the end of its falling wedge pattern and overdue for a break out. For weeks we have been downward consolidating and with strength back in the market and Ether setting up for a breakout as well I expect to see ADA breakout to last years highs. In December we touched the 0.67 - 0.68 range and I can see this set up putting us back there. Great Long opportunity if you have waited for an entry point.
ADA Long Opportunity 30%+ BreakoutADA reaching the end of its falling wedge pattern and overdue for a break out. For weeks we have been downward consolidating and with strength back in the market and Ether setting up for a breakout as well I expect to see ADA breakout to last years highs. In December we touched the 0.67 - 0.68 range and I can see this set up putting us back there. Great Long opportunity if you have waited for an entry point.
Cardano: Breakthrough! ⛓️💥ADA has managed to surpass the resistance at $0.64 with a pronounced upward candle. This should now provide further important bullish momentum. We primarily expect the blue wave (v) to continue before it completes the superordinate wave (4) in turquoise further up in the chart. Subsequently, a final sell-off should occur to complete the green wave (2). However, our new alternative scenario (40% likely) should not be disregarded: it considers the low of the green wave alt.(2) as already set. In this scenario, the altcoin is currently in the turquoise wave alt.(3) and will far exceed the anticipated top for the regular wave (4).
ADA/USDT Breakout AlertBreaking Horizontal Resistance. Potentialy New High !
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
Cardano(ADA) Bull continuation Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change.
Will keep on updating on this, but for now, at the Current Price we are expecting a bullish move.
I have indicated the chart so you can be able to see my sentiment clear.
REMEMBER..NFA
💎 BTC/USDT - $62,000 Reached, What's Next ? (READ THE CAPTION)By checking the Bitcoin chart in the weekly time frame, we can see that as we expected, Bitcoin continued to climb powerfully and managed to hit all the targets that I announced in the previous analysis! Now, after the price growth up to $64,000, Bitcoin has faced initial correction because it has entered its oldest Bearish Order Block (ATH), which is between $62,000 and $69,000! So the negative reaction to this level was logical, we have to see how the candle closes this week and next week so that we can determine its mid-term trend! I hope you have made the most of this analysis!
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
The Last Analysis :
ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA.
After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883.
Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance.
We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
New Years Eve!❄️ AVAX ADA LINK ETH HOT Situations!Hey guys!
A friend has recently asked me to review some coins so here are my analysis starting off with and will publish screenshots of the other coins possible outcomes in the comments area.
As always, please manage risk accordingly and don't get ahead of yourself. Walk with caution and stay wary market conditions could potentially change at any given moment it's just a matter of a catalyst for this to blow up! Now, here are my UNBIASED directions so you are prepare to comfront different situations that could happen at each coin.
My gift to you dear reader. Happy New Years Eve!!! ❄️
Kina the Girly Trader ❄️
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone!
In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA :
Short-term:
ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025.
Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.262-0.219c
(2) Rounding bottom (half blue circle)
Long-term:
ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier.
So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025.
Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH).
Closing Notes:
This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly.
Please give a like and follow to this chart if you appreciate this chart and the work put behind it.
Best of luck and happy trading!
Carl M.
Resemblance?The BTC vs ADA chart comparison shows us some surprising similarities. Wouldnt be surprised to see Cardano follow in the footsteps of Bitcoin if this market starts to pump.
ADAUSDTAm I the only one who finds it attractive?
Or do you think it's attractive too!!?
My opinion for the rise is strengthened only by the consumption of the $0.5402 resistance range.
The $0.4745 range is low risk. But we have to see if the resistance range will be broken first
what do you think!?
ADA analysisThis is a possibility that could happen in February
I could be wrong, but I hope the strategy works.
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💌
ADA Feb 20th UpdateSharing another Atl coin bullish setup from the TTR:
ADA is setting up for a bullish rush.
.90c is the first resistance to test and break, followed by the main target of $1.70.
The first breakout bull market target is $3.30, but the ideal target is $6.30+
CARDANO|The start of a new bullish waveHello friends, I hope you are doing well.
You can see the popular Cardano currency in the 4-hour time frame.
Now it would be a good place for us to have an analysis of this currency.
In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag pattern.
In the 4-hour time frame, a descending channel has broken upwards, and an important supply area that has prevented price growth twice has also broken upwards. This is a sign of aggressiveness and significant upward movement.
Bitcoin is very bullish and Cardano shows signs of further growth.
Look for opportunities to enter buy positions in the demand areas drawn on the chart.
The short-term targets are 0.61 and 0.64 , and the long-term target is 0.83.
ADA: Approaching ResistanceTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has reached our target of $0.65 for a 17% gain. Now we wait for price to either
1) break above $0.68 resistance to signal continuation of uptrend, or
2) pull back near $46 support for another swing entry in Uptrend with upside potential back to $0.65. Now we wait for a potential pullback to $0.46 support for another swing trade entry in Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65 - $0.68, then $0.75.
🔥 ADA: Don't Miss This HUGE Trade!Previously I've talked a couple of times about this massive parallel channel that ADA is supposedly trading in.
With the strong bullish impulse of the last two weeks, ADA has created a perfect swing low for us to trade on. With a target at 25$ (long-term) and a stop just below the swing low we can create a potentially amazing trade with a R/R of over 135.
If you find 25$ too risky, you can lower the target to 5$, which still has a good R/R.
