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Cardano

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?
EIGHTCAP:ADAUSD
by Eightcap
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. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
9
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.
by MonoCoinSignal
14
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. Follow us, like the idea and leave a comment below!!
CRYPTO:ADAUSDLong
by TheCryptagon
🔴 $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 ? Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.12.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDShort
by ArmanShabanTrading
540
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
Long
by Degen-Dynasty
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. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
11
ADA/USDT what next …? 👀 🚀 Cardano Today Analysis Paradisers, gear up for an exhilarating opportunity with #ADAUSDT which is currently holding a crucial support level and setting the stage for a bullish run👀 💎 Despite recent market volatility causing a significant drop in CRYPTOCAP:ADA price, breaking even its daily key support level, the asset has regained bullish momentum. Market indicators are also turning positive. 💎 Take note of the previous daily resistance level at 0.2517, which now serves as a resistance for #Cardano. 💎Should the price face rejection at this level, we anticipate a bullish scenario initiating from 0.2410. Alternatively, the price may revisit the weekly support level. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
Cardano touched 0.25 levelHi guys, let's look at the current situaition on Cardano. My previous idea on Cardano realized for 100% and reached its target at 0.25 level. This downfall was expected as ADA didn't show any willingness to rise somehow and it was just matter of time when it drops. Now some correction is expected, probably even up to 0.3 level but at the moment it sems unlikely. It all depends on Bitcoin right now and if it continues its fall then Cardano also will drop under 0.25 at least up to 0.2 level. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
8
Short-Term ProspectsAfter breaking out of the triangle pattern, Cardano rallied to the $0.28 range with the support of its buyers and temporarily broke the $0.27 resistance. However, the lack of stabilization of the high price within this area resulted in diminished demand, halting the continuation of the upward movement. This retracement led the price to revert back to the range channel, and it now approaches the bottom of this channel. Taking into consideration the current Relative Strength Index (RSI) level, which stands at 37, we observe a moderate but not extreme level of downward momentum. This RSI reading adds a layer of context to the price movement. Looking ahead in the short term, there is potential for price growth to reach the resistance range of $0.27 before retracing towards the support range at the channel's bottom, around $0.24. The subsequent phase of movement depends on the favorability of general market conditions. If these conditions remain conducive, we can anticipate an eventual exit from the range channel, potentially marking a period of short-term growth for Cardano. Once the range channel is exited, the short-term price targets encompass $0.30, $0.32, and $0.35, assuming continued positive market conditions.
by MonoCoinSignal
8