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Cardano

ADAUSDT: The Starting Point of a Bull Run to 0.4600?Hello, Fellow Cardano Trader and Investor! Price Action Analysis ADAUSDT is breaking out of the daily bearish trendline. On the H4 Timeframe, ADAUSDT has broken out of the Descending Broadening Wedge Pattern with an impulsive candlestick (Marubozu). MACD indicator also made a golden cross, signifying a possible upside movement to the target area. Other Technical Drives and Fundamental Drives a. U.S. Dollar Bearish Bias Still Prevails! b. Potential Slower pace of Interest Rate Hike in the future All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ADAUSDT" *Support the channel by smashing the like button and follow for more content!"
Long
by financialfreedomgoals101
6
Cardano At The Top | Short OpportunityDue to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness. I took a short position one hour ago (10x) and I will keep this position for the next few hours. This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance. My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today. Trade carefully. Also, feel free to check out my bio for my crypto trades. Cheers, ARESABI
Short
by Anton_XBT
1
🔥THE SUPPORT AREAS HOLD CARDANO: LET'S OPEN TRADE WITH +50%❗🔥Hi, friends! Cardano is not on the hype now, so it's time to take a closer look at it, because the price is usually pumping after the low attention level. Where we can open a long to make easy 30-50%? This idea is exactly about it. The price breaks the wedge down, which is a common thing in the crypto market. Now the price test the 3rd value area as the resistance and fall to the 2nd support areas. 📊 MY TRADING PLAN FOR ADA: 1. test the first value area at $0.34-0.35 as the support 2. huge buy limits and purchases of ADA at DOM and Footprint scalping tools. Always use these to track 3. bullish BTC 🚩 The second value area can also become the support if the price will finally falls there with BTC correction. ✅ MY TARGETS FOR ADA: 🔥 $0.437 - the key level 🔥 $0.5 - the key level and even number 🚩 Friends, do you pay attention to the regulation FUD around PoS altcoins such as ADA, ETH etc.? It means that PoS coins can dump so much and PoW (mining coins) pump, if strong regulation begins. Write your thoughts about it in the comments! 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
✳️ ADABTC 300%-400% Potential 8X Lev.This is the last one that I didn't mention last time but went live with... ADAH23 or ADABTC. We are being conservative with the targets... It can always grow more but with lev., it isn't necessary to hold that long. We can get in and get out, get in and get out. Remember to do your own research. Leveraged trading is high risk and can incur full capital loss in the form of a liquidation. If you can't take a loss, then trading is not for you. Some trades are winners others are losers, that's just how things work. The goal is to learn how to play the market to reach the finish line with positive results. Potential can reach from 300% to 400% with 8X lev. depending on your final target. Thanks a lot for the amazing and continued support. Namaste.
Long
by AlanSantana
2
Cardano (ADA): weakness is holdingA positive market sentiment from the beginning of this year has slowed down a bit during the previous week, influenced primarily by the SEC`s moves toward the staking crypto products. A call from SEC Chair Gensler to crypto businesses is to follow regulation on all products with “lend, yield or earn” words and register them with the SEC. During the previous few weeks, ADA made progress toward the $0.40 resistance line, however, during the previous week, the coin reverted a bit to the downside and level of $0.36, where the coin is finishing the week. The RSI indicator was pushed to the down side and below the level of 50, reaching 47, which might be an indication that the market is slowly starting to look at the oversold side. Moving averages of 50 and 200 days continue to slowly converge toward each other, with still some distance between the lines, in which sense, the potential cross is still on a longer road. Moves from the previous week are just small market corrections. Current charts are still not clearly pointing that the $0.40 resistance has lost its momentum. Support line at $0.35 might be tested during the week ahead, but there is no indication on charts that this line might be breached to the downside. On the opposite side, resistance at $0.40 might easily be tested again.
COINBASE:ADAUSD
by XBTFX
Cardano (ADA) EXIT alert ! 15% profit#ADA /USD TA Update:- $ADA currently trading at $0.367 Our CTT (Coinlion Trend Trader) told us to exit ADA at $0.36 which is currently trading above the 50EMA. Cardano did not break out the descending channel as expecting. So we follow the indicator and took a 15% profit (entry at 0.29$ on Monday 09th of January) Entry : 0.29$ Exit : 0.36$ Let's see if ADA decide to break out around 0.40$, if it's the case, next possible target will be at 1.10$ with a 179% profit. What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me when to go short or long, when to exit and when to take profit. Thank you.
BITFINEX:ADAUSD
by Coinlion_TT
2
ADAUSDTHello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we can expect the formation of an increasing trend up to the specified limits. We would be happy to hear your comments
Long
by FiboTech
2
Elliott Wave View Suggests Cardano can See Further Correction LoCycle from 12.30.2022 low ended in wave (1) at 0.414 as a 5 waves. Up from 12.30.2022, wave 1 ended at 0.281 and pullback in wave 2 ended at 0.272. The crypto-currency extends higher in wave 3 towards 0.37 and dips in wave 4 ended at 0.325. Final leg higher ended wave 5 at 0.414 which completed wave (1) in higher degree as the chart below shows. Internal subdivision of wave 5 unfolded as a 5 waves diagonal. Up from wave 4, Wave ((i)) ended at 0.387 and pullback in wave ((ii)) ended at 0.347. The crypto-currency extends higher again in wave ((iii)) towards 0.399, wave ((iv)) pullback ended at 0.367, and final leg higher wave ((v)) ended at 0.414 which completed wave 5 and (1) in higher degree. Wave (2) pullback is in progress to correct cycle from 12.30.2022 low with internal subdivision as a zigzag. Down from wave (1) peak, wave ((i)) ended at 0.393 and wave ((ii)) ended at 0.407. The crypto extends lower again in wave ((iii)) towards 0.383, wave ((iv)) ended at 0.403, and final wave ((v)) ended at 0.38 which completed wave A. Expect wave B rally to fail below 0.414 for another leg lower in wave C to complete wave (2). Near term, as far as pivot at 0.414 high stays intact, expect the crypto currency's rally to fail in 3, 7, or 11 swing for further downside.
BINANCE:ADAUSD
by Elliottwave-Forecast
2
✴️ Cardano | Strength (Name Your Altcoin #18 ✅)Cardano has shown amazing resilience... This pair so far produced no corrections after growing by an astonishing 72% since the 29-December-2022 low was hit, just amazing. The best we can do is to follow the market and stay strong, the next target is set at $0.4865 but mainly $0.5625 on the next jump. If a retrace suddenly shows up, we are looking at $0.3755 and $0.3395 as the main and strong support. The market continues bullish. The bulls control this chart. Namaste.
Long
by AlanSantana
4
Cardano ADA/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. We have a -92% drop from the top so far that's in. We might have a possibility of another leg down making it -95% drop from the top. I highly think this will not happen unless the whole crypto market crashes. R/R ratio from today's price: 18.88 Possible upside: 1200% Possible downside: -63% R/R ratio from -95% drop 517 Possible upside: 3310% Possible downside: None, I believe this would truly be the bottom and not use a stop loss. If you're the market maker, would you want to give people the opportunity to make an extra 3000% or 1200%? Another crypto crash down across all these charts would cost the market maker more money. Crashing the market by another -50-60% and giving away 3000%+ doesn't seem like the wise play here. RSI has been at all time lows and MACD's are starting to curl up. Very unlikely we go lower to -95%.
KRAKEN:ADAUSD
by AyoKu
ADA/EUR 06/02/2023 Trade idea 10amUTC-5Hello everyone, Im of opinion that unless we close above 0.3654xx EUR followed with confidence move above, it would be smarter to short market considering where we was at January. So I would expect next move to at least 0.342xxx cents and then reconsidered possibilities of further falling or reversing. IDEA would be invalid if we move above 0.3654xx and close there with confidence, it would be smart have Stop Loss above that price depending on your risk tolerance. My is @ 0.370500€. Best regards Joe
Short
by cryptocapitaltrading
Cardano (ADA): ready for higher grounds?Positive market sentiment for ADA continues since the start of this year. During the previous week the coin was moving within a range of $0.36 up to $0.41, still testing the $0.40 resistance line. Although the daily trading volumes have decreased, on a positive side is that the buying orders are prevailing. Although ADA made short moves during the week, RSI reached level of 67, moving closer to the overbought side of the market. Another positive development on the charts is that the MA50 line started its stronger divergence toward the MA200 counterpart, indicating on possibility for the Golden cross to occur in the coming period. There is still space between lines which needs to be crossed, but at least the moves are in a positive direction. The $0.40 support line continues to be the current major focus of ADA. The coin will start the week ahead by testing this level to the upside. In case that it is clearly breached, then the next short term stop might be around level of $0.43, on the road toward the $0.45 resistance line. On the opposite side, there is a possibility for a short reversal, where the first stop might be level of $0.37.
COINBASE:ADAUSD
by XBTFX
1