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Cardano

Cardano: emerging selling orders ADA had a relatively solid week. Although its price was suppressed to the downside and the lowest weekly level at $0.37, still the coin managed to make another move toward the $0.40 resistance line as of the end of the week. Highest weekly level was $0.41. Still, as of the weekend, selling orders started to emerge, which might impact the price of the coin at the start of the week ahead. Three weeks ago RSI was in overbought territory, so it was expected that the indicator will take the road to the downside. During the previous week, RSI was still weakly holding above the level of 50, with indication that there is no strength for the upside. Positive development is that MA50 continues to diverge from its MA200 counterpart, and supports the Golden cross. After reaching a clear overbought side, ADA entered into a cycle of short reversal. Current charts are indicating lower probability that the coin will be able to clearly break the $0.40 resistance line in the coming week. There is a higher probability that the price will shortly revert to the downside, at least till the $0.37 level, with lower probability that the support line at $0.35 might be tested.
COINBASE:ADAUSD
by XBTFX
ArmanShabanTrading |🟢 CARDANO : BULL or BEAR ? Let's See !!!By checking the #Cardano's chart in the daily time frame, we can see that it is trading above the Institutional Support level + POC Line , I expect that if it maintains the support of the range of 0.37 to 0.39, it can move again to 0.46 as the first target and 50 cents as the second target! 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 📅 04.27.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
10
#Cardano Retracement after 50% Rally, Support at $0.37Past Performance of Cardano The uptrend might still be valid, and ADA is up over 50% from mid-March, but the coin could further correct from recent peaks. Notice that the coin is lower, pulling back from last week's highs. The resistance line remains at $0.41, while support is at $0.37. Any comprehensive close above those lines will shape the immediate to medium-term formation. #Cardano Technical Analysis Trading volumes are decent, but ADA buyers still need to build on recent gains and edge above April 26 highs of $0.42. The current rejection of higher prices means bears of April 16 to 22 may flow back, forcing the coin towards $0.37 and even $0.30 in the sessions ahead. Traders may wait for a solid close, with expanding volumes, below $0.37 before engaging. This means they are aware that more gains above $0.41 may see ADA float back to $0.45 in a bull trend continuation formation. What to Expect from #ADA? ADA is in an uptrend but correcting after a solid performance from mid-March. As a bear flag prints in a short-term correction printed within a broader bull trend, traders should watch how prices react at $0.37. Losses may dent Cardano bulls' sentiment. Resistance level to watch out for: $0.41 Support level to watch out for: $0.37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
ADAUSDT → Recovery on the back of market growth ADAUSDT forms a support base on the background of a technical pullback in the area of 0.3750-0.3800. An uptrend is forming after breaking the previous one. Bitcoin recovered most of its fall yesterday. One of the main reasons is again related to the banking sector. Cardano also reacts to the growth of the flagship. The price makes a retest of the key resistance area of 0.4000. If the bulls can take control of this area, the cryptocurrency may reach the previously mentioned targets in the near future Moving averages act as a support area, an uptrend is formed. Strong support: 0.3800 Strong resistance: 0.4000, 0.4600 I expect, that on the base of cryptocurrency market recovery cardano can overcome important resistance and will continue its growth in the direction of 0.5500-0.6000 Sincerely R. Linda!
Long
by RLinda
14
ADA: Channel UpCardano (ADA) technical analysis: Trade setup : Price is in an Uptrend, trading in a Channel Up pattern. Likely to revisit the channel resistance trendline around $0.50, which also lines up the horizontal resistance zone. After 3x failed attempts, price finally broke above $0.40, indicating that buyers have soaked up all the supply from sellers and price could resume its Uptrend with upside to $0.50. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. 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 Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.40, then $0.30. The nearest Resistance Zone is $0.50, then $0.60.
Long
by altFINS
1
✴️ Cardano: Look Closer, The Potential is Huge | #OKXideasLet's go back to Cardano because this is one chart, one Altcoin, one pair that looks really good... Let's focus on the bigger picture and not just the short-term. Notice on the left side of this chart, the black downtrend line... It has been broken. When a trend is over, ends, a new trend develops. As the bearish trend is over, a new bullish trend takes place. Now, a bullish trend is not just one high or some growth for a few weeks or months... A bullish trend is defined by sustained higher highs and higher lows. What this means is that we are set for growth. Once we hit bottom, the only place left to go is up. Cardano did hit bottom... We are very happy to see it recover and grow. Namaste.
Long
by MasterAnanda
ADAUSDTADAUSDT Thoughts An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation). Here are some sample thoughts for those who want to enter a position on futures: ADA long Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line) 🔘Position addition: 0.4005 Shoulder: 5-10X 🟢Take-Profit: 0.4960 - 0.5552 🚫Stop: 0.3736 Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -... If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
2
🟢 BITCOIN : Time for LONG ? Let's SeeBy examining the recent analysis of Bitcoin, we see that as we expected, the price managed to hit all 3 targets that we had announced and fell from the range of HKEX:30 ,000 to HKEX:28 ,000! Note that the assumptions of the previous analysis are still valid (important demand levels). Before : After : Previous Analysis : The range of 27800 to 28100 is one of the Strong and attractive demand zones for long position!! 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 📅 04.21.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
10
ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day. We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above. I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought. I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here. I think this move is the move i was expecting from the BEARISH DIVERGENCE. From that, we should look at our indicators and how the move. RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support. MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this. CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info). Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree. I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out! DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanks
BITFINEX:ADAUSD
by SafofAllTrades
🔥 ADA Inverse Head & Shoulders: Retest Into Bullish Move?Over the last half year or so, ADA has been following an inverse head & shoulders pattern. Classically, inverse H&S patterns occur at the end of bearish trends. As of a couple days ago, ADA has broken out of said H&S pattern. However, with BTC trading bearish today, ADA has gone for a retest of the neckline. Theoretically, we can reverse from here and burst upwards. However, without BTC going up ADA will go nowhere. If BTC flips bullish/neutral, ADA might see a big bounce from today onwards, else we're just going down like the rest of the markets. A daily candle close below the neckline would be an invalidation of this pattern. In case we reverse, targets in blue.
Long
by FieryTrading
10
ADAUSDT 1HADAUSDT 1H Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought. • There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I believe will continue the bullish pattern imposed in recent hours. Here are the supports and resistances: Supports 0.4370 / 0.4296 Resistances: 0.4462 / 0.4505 RSI : Seller MACD: Buyer MM200: 0.4267 EMAS : Neutral, which may indicate an accumulation period
by ferulianov
Cardano: reaching overbought side?There has been major progress for ADA during the previous week. Positive news from Cardano`s EVM company Milkomeda over network upgrade is finally strongly reflecting in the price of ADA. Although the coin started the previous week by testing $0.4 resistance, the coin managed to break this level and reached its highest weekly value at $0.46 last time the coin was at this level in February this year. Major development occurred with the RSI indicator during the previous week, which reached the clear overbought side of the market. This indicates the potential for a short term turning point for ADA, which could enter into short term reversal in the coming period. Moving average of 50 days continues its modest divergence from MA200 counterpart, and weakly supporting the Golden cross. It could be expected that the price of ADA will continue to be supported by the news from Milkomeda. In this sense, ADA will start the week ahead by continuing to test its current $0.45 resistance line. There is a low probability that the next resistance line at $0.5 might be reached during the week ahead. On the opposite side, due to potential for short reversal since the RSI reached a clear overbought side, ADA might turn to test the $0.40 support line for one more time.
COINBASE:ADAUSD
by XBTFX