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ADAUSDT - Bottoms In, Bullish EngulfingHi Traders, Investors and Speculators of Charts 📈📉 ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe. After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in the weekly timeframe which is extremely bullish for Cardano. We also observe a similar pattern playing out back in Feb 2020, when another long wick formed followed by a strong v-shaped recovery. This was the start of the next major bull run for Cardano. Is the bullish price action on Cardano as a result of the recent Hydra update? 🤔 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck __________________________ CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD.P COINBASE:ADAUSD BINANCE:ADAUSD OKX:ADAUSDT.P KRAKEN:ADAUSD BINANCE:ADABTC
Long
by CryptoCheck-
48
ADA – New Trading Range• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD. • During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support. • The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside. • Big picture, I am assuming that ADA will move higher. • Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious… • This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware. • It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide. Trade Idea: This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower. • Entry: 0.278 USD. • SL: 0.27 USD. • Target: 0.46 USD. • TP: 0.32, 0.37, 0.42, 0.46 USD. NFA What do you think? Please share in the comments Best wishes to all.
Long
by NewThoughtCrypto
ADAUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for ADAUSDT After hitting its first support line, the price was able to move towards its first resistance line. We are currently considering two scenarios. Scenario one: If the price is unable to break above the first resistance line and we see weakness in the trend, there is a possibility of a price correction. Scenario two: If the price is able to break above the resistance line and move higher, it is not expected to reach the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
CARDANO, The ADAUSDT analysisHello, traders! My analysis of this chart is that; The price of Cardano has reached the supply price range in the market for the second time now, and market resistances (daily moving averages, 100 and 200) give us a signal of price correction. my opinion is the minimum initial price increase in the next 24 hours is $0.3500 and then we have to wait for the behavior and reaction of the price to resistances. I entered the market with a long trade. Please note that investing in cryptocurrencies can be risky and you should always do your own research before making any investment decisions. #ADAUSD #ADAUSDT #CARDANO
Long
by Arash-RK
What's Next For Bitcoin and Alts?What's next for #bitcoin? I personally believe we can drop to the $28300 area. if this was an organic move we should start seeing some correction. Although we don't see many short liquidations, some would argue we could be going much higher before any retracement, which is possible also. key interest areas for me are $28.3k and FWB:27K area. also with #BTC dominance going toward 57% resistance zone, if there are any corrections on BTC, expect to see carnage on #Altcoins.
by karisma_619
What is Going on with ADA?TLDR: • If you are a holder/ long-term investor ADA is in a DCA zone, IMO. • Short- term it is not clear, yet, if ADA has bottomed. • Arguments for and against a bottom are mentioned below. • Possible long trade mentioned below. • ADA is a high-risk asset, at least for now, you need to be aware of it before considering a long. Background: • ADA lost its upward sloping support trendline on May 21st. • ADA failed to reclaim the trendline and the 21D & 50D EMAs on May 28th. • Following the SEC’s legal attack on ADA (among others), ADA’s price dropped more than 40% and made a new bear Market low. • Currently it looks like ADA is Trying to form a bottom structure, but it is not clear if the bottom is in or not. Arguments for a Bottom: 1. ADA is Extremely oversold. 2. ADA formed a Tweezer Bottom on the daily chart. I admit that there is scant evidence of a bottom ATM. However, I don’t think it is wise to short an oversold asset. So, as far as I can see, the best approach is to sit and wait. Arguments Against a Bottom: 1. ADA is below a weekly support level, flipped to resistance. 2. There is no rejection of lower prices. All I see is a consolidation below resistance which could go either way. 3. ADA left a huge wick to the downside (more than 20%). My experience shows that wicks get filled. Until at least 50% of the wick is filled, it is unlikely that the bottom is in. (You probably know who is teaching wick fills. Unfortunately, I cannot mention a name, or provide a link, as it is considered a promotion on the TV platform) In short, there are better trades out there. However, if you are a believer and a long-term investor in ADA this could be an opportunity of a lifetime. Accordingly, I have long trade ideas for ADA. Trade Idea No. 1: • Entry: Between 0.2446 – 0.2168. You must wait for at least a partial wick fill and a clear rejection, with volume, to the upside. • SL: Below the latest daily candle low. • TP: 0.2756, 0.3188, 0.3780. Leave a moon bag. Trade Idea No. 2: • Entry: 0.2756. After retest as support. • SL: below the daily candle. • TP: 0.3188, 0.3780. Leave a moon bag. NFA What is your opinion? Please share in the comments. Best wishes to all.
by NewThoughtCrypto
ADA whales drive Cardano price towards $0.3, Investor optimismADA Whales Propel Cardano Price Closer to $0.3, Inspiring High Investor Expectations Following a significant decline in early June, wherein Cardano experienced a 30% loss in value, the altcoin is now witnessing a remarkable resurgence. The market-wide recovery has contributed to a nearly 6% increase in the past 24 hours. However, the optimism surrounding ADA extends further, as whale holders demonstrate strong bullish sentiment this week. As the broader crypto market rebounds from recent lows, with Bitcoin inching closer to $30,000 and several altcoins experiencing gains, Cardano finds additional support from a crucial group of investors. Cardano Price Reclaims Ground At the time of writing, Cardano's price hovers above $0.28, bridging the gap left by the early June crash. This third-generation cryptocurrency endured a substantial blow when it incurred a loss of over 30% within a week. However, fueled by overall market bullishness, ADA is now approaching the $0.3 milestone. Notably, the altcoin has surged by approximately 7% in the past 24 hours, accompanied by a sudden increase in the interest of whale investors. The influx of these investors is evident in the total inflow of addresses conducting transactions worth over $100,000. They have collectively acquired around 263 million ADA, valued at approximately $71 million presently. Recognizing this favorable trend, it appears to be an opportune moment to accumulate cryptocurrency assets, leading us to consider a strategic long-term investment approach through Buying Deep.
COINBASE:ADAUSDLong
by FOREXN1
2
ADA CARDANO- Support (and patience) 🥱💤Some charts prove me right immediately, some other fail me completely and some just take time to deliver. Cardano is in the third category. Boring as usual, till it becomes exciting; it will. With BTC dominance over 50% major ALTs are not favored (yet). This is still Bitcoin time: Bitcoin needs to rise fast, some alts will over-perform it but the vast majority not. BTC Dominance: News: Cardano Introduces Latest Node Version On Mainnet : To improve the performance and functionality of Cardano, developers are urging stake pool operators (SPOs) to swiftly adopt the latest Node version, 8.1.1., released on Monday. This release aims to optimize operations across the platform by dispersing epoch boundary computations throughout the entire epoch, leading to enhanced efficiency. The upgrade is aimed at improving the user experience and smoothness of the Cardano blockchain network. It focuses on reducing epoch transitions, which are periods on the Cardano blockchain lasting approximately five days. Still, we will need way more news and action than this... it will come Regardless, price on Major support and perhaps great time to add to our bags at thisd stage (again?..no personally will just wait atm) One Love, The FXPROFESSOR 💙
Long
by FX_Professor
6
ADA Cardano Bearish Short Cardano face the SEC’s scrutinyDAILY TF short 4H Short 2H Short 34min Short Strategy Trend Bearish Only technical rules.I ignore all fundamentals Risk and money management; Trend continuation,trailing stop(Only if buy sell pressure and trendomat confirmation follows) Position sizing Solana and Cardano get listed as tradable digital assets in Indonesia. SOL and ADA experienced price recoveries despite lingering bearish trends. Solana and Cardano have found themselves entangled in the scrutiny of the US Securities and Exchange Commission. Yet, a glimmer of hope emerged from the recent developments in Asia, potentially offering respite to the assets and their holders. While the regulatory situation in the US remains uncertain and unclear, the news from Asia brings a fresh breeze of optimism. Cardano could enter an extended price consolidation below $0.3 as buyer and seller indecision persists. ADA’s lower and higher timeframe charts were bearish. Long positions were wrecked; funding rates were negative. The resilience seen within the Cardano ecosystem is yet to boost ADA’s price outlook. It registered an impressive adoption and network growth rate as transactions hit 69 million. But the token’s price remained below $0.3. In fact, it even surrendered gains made between 10-13 June. The strong rebound from $0.220 on 10 June saw bulls extend gains up to 13 June but didn’t cross the $0.3 price level. Interestingly, the $0.3 level aligns with the 50% Fib level, making it a more crucial roadblock if bulls were to gain an edge and reverse Q2 losses. In the meantime, the RSI (Relative Strength Index) retreated from the oversold zone but was still within lower ranges, signalling weak buying pressure. But the Accumulation/Distribution metric moved sideways after a slight uptick – pointing to indecision between buyers and sellers. So, a range formation between $0.247 – $0.3 could be on the cards, given the indecision among buyers and sellers. But a bearish breakout from the range could ease at $0.220 or $0.182, especially if BTC retests the $24k. A pullback can be used to sell more ada, as trendomat is bearish
CAPITALCOM:ADAUSDShort
by DaveBrascoFX
ADA: Oversold at SupportCardano (ADA) technical analysis: Trade setup : Price broke out (bearish) from trading in a Channel Up pattern and below 200-day moving average ($0.35), confirming a downtrend. However, it’s now very oversold (RSI ~ 25) and near $0.25 support, hence we could see a bounce up near term. It’s a higher risk swing trade setup since overall trend is down. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
Long
by altFINS
Cardano in slow declineHi guys, let's look at the current situaition on Cardano. In my previous update I indicated that Cardano price might go to 0.3 resistance level and from there likely will go back to 0.25 and lower. However, price failed to rise somewhat significant even though BTC and ETH recovered all their losses. It's bad sign for ADA price since if there will be dump on BTC then price likely fall much lower than 0.25, probably testing 0.2. I still will wait and hope for price reaching 0.3 and from there will be looking for a short. If this post is useful to you, you can support me with like/boost and leave comments below.
Short
by Real_CryptoRoy
Cardano in free fallHi guys, let's look at the current situaition on Cardano on 1D price chart. In my previous idea I indicated strong support line at 0.3018 but I expected that the price at least will test this line first and only after that will break it. In any case, that support was broke and there is another one at 0.249 which at the moment also seems to be broken but I expect some correction from here. It also important to look at volume on 1D timeframe. Today, there is extremly high volume and for me it's good indicator that from current level will be some correction. But I don't expect big correction though. If this post is useful to you, you can support me with like/boost and advice in comments.
Short
by Real_CryptoRoy
6
$ADA/USDT 2D (#Bybit) Descending trendline breakout and retestCardano is pulling back to 50MA support and seems to be done with the downtrend, let's prepare for mid-term recovery. ⚡️⚡️ #ADA/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.6% Current Price: 0.4051 Entry Zone: 0.4014 - 0.3618 Take-Profit Targets: 1) 0.4798 2) 0.5536 3) 0.6275 Stop Targets: 1) 0.2995 Published By: @Zblaba CRYPTOCAP:ADA #ADAUSDT #Cardano #PoS #L1 Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +51.5% | +90.1% | +128.9% Possible Loss= -43.0% Estimated Gaintime= 3-4 months cardano.org
Long
by TradingOn
🔥 ADA Double Fibonacci Reversal In Anticipation Of Huge WeekOf all the major alts, I'd argue that ADA has seen one of the biggest drops. However, ADA has regained around half the value it lost over the weekend. As seen on the chart, ADA is currently experiencing heavy resistance around the 0.283 level, which coincides with both the 0.382 (June high) and 0.618 (last Friday) Fibonacci retracement levels. With a very heavy macro week incoming (CPI & interest rates), I wouldn't be surprised if ADA will see another drop soon. Target at the recent lows, SL over the local high. One could take partial profits around 0.26
Short
by FieryTrading
6
I Cannot Short This !!!The ADAUSDT is in a Bullish phase by strong bullish rejection. The price shows a strong bullish rejection from the PRZ ZONE. ⬆️Long if we break the 0.236 fib level 🌟 Bullish signals are: - strong bullish rejection - PRZ ZONE - Bottom of bollinger band ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
7