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Cardano

Cardano #ADA: Chart Analysis on the Daily Chart 📊📈Taking a glance at Cardano BINANCE:ADAUSDT within the daily timeframe, we observe that Wave 1 and Wave 2 (in red) have already been completed since the beginning of 2023, and it appears that teh red Wave 3 is now also finished. Yes, I acknowledge that Wave 2 has minimally fallen below Level C – thank you for pointing that out. Our entry point at Wave 4 at $0.457 was triggered and has performed quite well so far. It remains to be seen whether there will be further downward movements in the coming days. Examining the 1-hour chart and noting the low at $0.44, we might assume that once we surpass Wave 4 (the very subordinate Wave 4 in black) – that is, above $0.52 – our current scenario with a 5-wave structure will continue. 📊📈🚀
CRYPTO:ADAUSDLong
by freeguy_by_wmc
1
Cardano (ADAUSD) Analysis: Riding the Gains📈Cardano #ADAUSD Since we initiated our position in Cardano (ADAUSD) BINANCE:ADAUSD , we've seen a 27% increase, positioning us within what appears to be Wave 5. Consequently, we're anticipating an uptrend, though not as significant as what we've observed with Solana. It's crucial to remember that all assets progress through different cycles, even within the same sector. For Cardano, we're projecting prices for Wave 5 to range between 70 and 90 cents. Upon closer examination of the 1-hour chart, it becomes evident that we've completed a (i) to (ii), a 5-wave structure followed by a zigzag pattern down to (ii), and now moving into Wave (iii), expected to range between $0.62 and $0.80. We'll be closely monitoring for an entry point for Wave (iv). 📈
Long
by freeguy_by_wmc
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, 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
Long
by ArmanShabanTrading
12
Ada heikin ashi reversalif you know how heikein ashi works, well this is kinda bullish, the down trend is slowing down, and we could easily see a green heikin ashi bar path come up, a V shape return is very possible in my opinion too. And unlike the other currencies, ada dropped like 50%+ in the past couple weeks, and it's hitting major support, macd is ready for a cross and rsi is ready for a return, I really don't think it can go any further down. Bitcoin going back up definitely helps too.
BINANCE:ADAUSDLong
by mikamaster_
3
ADA/USDT Primed for an Upward Trajectory from Demand Zone? 👀💎 Paradisers, get ready as #ADAUSDT showcases a promising pattern, operating within a demand zone and preparing for a bullish ascent. 💎 #Cardano has been showing respect for the support level at $0.4671, with the price currently gaining momentum in the demand zone, indicating a high likelihood of an advance towards overcoming the formidable resistance at $0.7337. 💎 However, as strategic traders, it's crucial to consider all outcomes. Should our initial expectations not materialize, a bullish push from the support at $0.4671 remains on the table, with a fall below this point potentially leading to a notable decline
Long
by MyCryptoParadise
3
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. The breakout was successfully retested. Stop Loss at $0.44, just below the prior swing low. 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. 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, then $0.75.
Long
by altFINS
💎 BTC/USDT - $47,000 Reached , What's Next ? (READ THE CAPTION) Bitcoin reached $47,700 ! As you can see, according to our expectation, Bitcoin finally managed to start growing from $42,000 and hit all the targets we had set for it! The price has already reached its highest price in a month and we have to see how the price will react to this important supply range (from $47,700 to $49,000)! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! The Main 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
by ArmanShabanTrading
7
BTCUSDT|Support important demand areaHello friends, I hope you are well. Today, we were able to identify the market trend very well with forex analysis, I hope you have used it. Have a new update of Bitcoin. In the previous analysis, we expected to see a drop in our supply area, but the second scenario happened and our target supply area broke up. In the continuation of the updates that I posted, I specified a new demand area, which we saw upward movements with a drop in this demand area. Now we expect that it will continue to grow and reach the supply area that I specified, which is the area (45760-46360) . On the way up, there is also the FVG area, where it is possible to return from this area.
Long
by Golden_Star1994
6
Cardano Time? 📊🚀 Cardano's Critical Threshold: Will ADA Soar to New Levels? 🌟💹 Cardano holders, brace for impact! Our analytical journey has led us to a pivotal moment for ADA. Remember when the market was engulfed in fear and we warned of the 'zombie' at $0.25? Now, we're witnessing a remarkable turnaround. The all-time trendline painted in blue never got tested—instead, ADA rebounded with vigor on January 24th, bypassing the critical $0.4962 resistance level. Currently, ADA finds itself with psychological support at the 50-cent mark and strong technical support at $0.495, gearing up for a third and typically decisive test of the $0.679 resistance. What's beyond that? A breakout could send ADA on a parabolic run to $1.19, then $1.47, and even further to a formidable target between $2.7 and $2.9. The odds? A 64% chance of breaking above $0.68 and climbing higher. Yet, we still need to conquer this crucial level. This isn't merely a technical analysis; it's a narrative of Cardano's resilience and potential. As for my position, it remains firmly open. I'm not swayed by quick gains or pressure to close—this trade is a marathon, not a sprint. For those aligned with this analysis, consider this a prime re-entry point into ADA. As always, conduct your due diligence and trade in harmony with your strategy. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
4
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
Long
by MindPoison
CARDANO - Liquidity MasterCardano (ADA) exhibits a dynamic pattern of moving strategically between liquidity levels within a range. The cryptocurrency consistently capitalizes on liquidity shifts, alternating between shorting at the high range and going long at the low range. Utilizing manipulative tactics, ADA positions itself to align with market movements. The current expectation is for another liquidity sweep at the 4-hour timeframe level of $0.48, followed by a potential ascent to $0.60. 🔄 Range-Bound Behavior: ADA's price action is characterized by a recurring pattern of navigating within a range, tapping into liquidity levels for strategic positioning. The cryptocurrency adeptly maneuvers between short and long positions, taking advantage of market dynamics within the established range. 🚀 Strategic Use of Manipulations: ADA employs manipulative tactics to align itself with prevailing market sentiment. The deliberate execution of short positions at the higher range and long positions at the lower range demonstrates a strategic approach to leverage liquidity shifts for optimal trading opportunities. 🔍 Anticipating the Next Liquidity Sweep: The anticipation is for ADA to execute another liquidity sweep on the 4-hour timeframe, targeting the level of $0.48. This maneuver sets the stage for potential upward momentum, aiming for a subsequent rise to $0.60. The strategic use of liquidity sweeps is a key element in ADA's trading strategy. 💡 Trading Strategy: Traders observing ADA should be vigilant for the anticipated liquidity sweep at $0.48 on the 4-hour timeframe. Confirmation of successful execution and subsequent upward momentum could present favorable conditions for entering long positions. Implementing risk management strategies, such as setting stop-loss orders, is essential in navigating market volatility. 🔮 Future Outlook: The technical analysis suggests that ADA is actively utilizing liquidity shifts within its established range for strategic positioning. Traders should closely monitor the execution of the anticipated liquidity sweep at $0.48, as it may serve as a precursor to a potential rise to $0.60. The dynamic nature of the cryptocurrency market underscores the importance of adaptability and risk management in trading decisions.
Long
by AlexWhale
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. Stop Loss at $0.44, just below the prior swing low. 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. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS