Cardano
ADA is underrated nowBINANCE:ADAUSDT
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Possible Targets and explanation idea
➡️Now we are in 0.27 Zone by Fib since April
➡️Target for this correction is 0.618 level on fib
➡️Perfect signal to buy on TradeON indicator
➡️Signal on Direction indicator. (big investors came in to Cardano)
➡️After 0.618 we will test above downtrend global line since May 2021
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Cardano (ADA) long before the breakIf ADA retrace to 0.275 (FIB-level 0.38) - I think it's in a good position for a spot trade.
I predict the ADA-bottom is in and we can aspect some big fast move as soon as ADA break the trend-line.
ADA have been tanking for years now and I believe that there are a lot of hungry bulls that will show up to find an entry for a long time hold.
I don't think we will get any good opportunities to buy the retest after a potential trend break.
So my idea here is to front run the potential big move :)
🚧Cardano is bearish now🚧 & many Traders don't see it 👀!!!As you saw in the previous analysis, the price hit the target and now it is time for the price to correct and then grow. PRZ point is a good point to enter.
Previous Analysis
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🐳Cardano will Go Up Again🐳 🟡ADA is in an symmetrical triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
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Cardano The GhostI've set every major level on the chart of ADA.
In my opinion, Cardano is a lost project that had since 2017 time to evolve and never showed anything. Competitors are way ahead with new tech and cardanos price is held only by it's believer community.
I'm not buying ADA for now but might look into it under 10 cents if it ever goes there.
The chances it makes high gains in the next cycle are very low but, local bounces and pumps are incoming.
Choose wisely )
ADABTC Time to Dump Bitcoin and buy Cardano?Well based on the whole history of the pair, yes.
As you can see a giant Ascending Triangle on the 1month chart, with the price only now testing its bottom / Rising Support.
Technically, the target from now on is its top at 0.00006500.
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ADA/BTC Potential Harmonic PatternADA/BTC Potential Harmonic Pattern, but keep an eye on the trendline Resistance.
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ADAUSD: Thoughts and AnalysisToday's focus: ADAUSD
Pattern – Breakout/Support test (Bearish)
Support – .2375
Resistance – .2490 - .2640
Hi, and thanks for checking out today's update. Today, we are looking at the ADAUSD on the daily chart.
ADA is a market I watch regularly, and currently, we are seeing a few interesting things, pattern and support-wise, that we have broken down in today's video. The two keys, long-term support, seen at .2375 and an ending diagonal pattern that continues to remain in play.
I have discussed three main cases in today's analysis of ADA; two are bullish, and the third is a bearish continuation of the long-term trend. It will be interesting if we see a lower break over the next few days, as that will play into a case as long as it holds at the ending diagonal trendline.
What do you think? Do you agree with the patterns and levels we have discussed?
Cardano can grow up to 0.28 priceHi guys, let's look at the current situaition on Cardano.
After breaking 0.25 support level Cardano didn't drop as low as I expected. Basically ADA price didn't manage to hold below 0.25 level and has been fluctuating between 0.26-0.24 prices. At the moment Cardano price is trading above 0.26 level but I don't see any potential for growth. In case if Bitcoin continue to rise, ADA price potentially can grow up to 0.28 level but I don't think that it can rise higher than that.
Overall I remain bearish on Cardano and still think that it can drop up to 0.2 price.
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Cardano's (ADA) Pivotal PlayCardano (ADA) continues to make strides in the cryptocurrency arena with recent developments, including the launch of a staking feature and the welcoming of the first crypto options exchange. These advancements are expected to enhance ADA's utility and adoption, contributing to its recovery narrative.
The current price of ADA is $0.2584. Despite a slightly bearish market sentiment with a Fear & Greed index score of 49, the recent positive developments could act as a catalyst for a price rebound.
Technical Analysis:
Nearest Support Zones: $0.25, followed by $0.22.
Further Support: $0.277 and $0.325.
Nearest Resistance Zone: $0.30 (previous support), followed by $0.42.
Further Resistance: $0.399 and $0.423.
Most Probable Scenario:
The momentum from recent advancements may drive ADA towards testing the nearest resistance level at $0.30. However, if the bearish sentiment persists, a retracement towards the support levels of $0.25 or $0.22 is plausible.
The unfolding scenario around ADA’s technicals and fundamentals provides a mixed yet cautiously optimistic outlook. Monitoring the evolving market sentiment and upcoming Cardano developments will be crucial for traders and investors.
finally ada breaking out of the channel seems like ada has already bottomed out and preparing massive bullish rally
formed descending channel in 3 days tf and testing it expecting breakout soon incase of successful breakout expecting solid recovery
incase of successful breakout expecting move towards 1$
ADAUSDT - Buy Setup ADAUSDT (1D Chart) Technical analysis
ADAUSDT (1D Chart) Currently trading at $0.261
Buy level: Above $0.257
Stop loss: Below $0.24
TP1: $0.273
TP2: $0.3
TP3: $0.33
TP4: $0.35
Max Leverage 3x
Always keep Stop loss
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ADAUSD On the verge of a rallyCardano / ADAUSD is trading over the 1day MA50 in the past 5 days.
The pattern on the 1day time frame is a Triangle, with Support A (0.23500) holding on three different occasions and the next obstacle to overcome being the Falling Resistance (top) of the Triangle.
Right now as long as the MA50 holds, you can target 0.28855 (Fibonacci 0.236).
If the Falling Resistance breaks, you can re-buy and target 0.37500 (Fibonacci 0.618 and previous Lower High).
The 1day RSI has its own Falling Resistance to consider.
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ADAUSDT looking bullish long-termADAUSDT is looking oversold on the weekly chart, with the FSVZO indicator signaling a bullish divergence, Trend Intensity Exhaustion signaling a long entry, Amazing Oscillator on the verge of turning bullish, and the crypto seasonality being Uptober, it is safe to say that the probabilities of ADAUSDT rising over the next few weeks is highly likely
I Cannot Short This !!!🤑The ADAUSDT is in a Bullish phase by a Falling Wedge Pattern.
-A falling wedge indicates the potential for price to reach to 0.30 .
⭐ Note if the Wedge Pattern is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
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🔴 $BITCOIN : Big Dump Ahead ? READ THE CAPTIONBy examining the Bitcoin chart in the daily time frame, we see that the price is forming a downward context after breaking the $26,900 and $26,540 areas! If the price stabilizes below $26,500, I expect a price dump! If the price falls, the initial target range will be $23,950 to $25,300 and the next target will be $20,000! The 20K area can be a possible Potential Reversal Zone ! (PRZ) Do you think it is possible that the price will reach $20,000 in the next 3 weeks ?
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.12.2023
⚠️(DYOR)
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ADA Also Looking BullishMomentum on the daily appears to be rolling to upside on many crypto assets and ADA is looking to be the same.
Price has filled in a large portion of a previous wick down in a long tedious down trend that appears to be forming a double bottom with bullish divergence on the daily momentum oscillator.
Current trading plan is a long entry with a wide stop loss of 4-5%.
First target will be 1/3 retrace of the last swing 14% higher at .278
Second target will be a 50% retrace of the last swing 25% higher at .3
A longer hold would be to the point of control on the volume profile 55% higher at .38
Cardano broke 0.25 support levelHi guys, let's look at the current situaition on Cardano.
Cardano broke 0.25 support level thanks to recent Bitcoin drop to 25k. Cardano is showing its weakness again and I don't expect that it will rise somewhat significant.
Considering some correction on Bitcoin it's epected that Cardano price will also rise a bit but not much. After drop on Bitcoin its price recovered and again trading above 26k but Cardano didn't manage to go back above 0.25 level. This shows weakness on Cardano and willingness to fall further at least up to 0.2 level.
Lets see how far Cardano can drop, write your thoughts in comments below.
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