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CARDANOADA

CARDANO falling as hell. Check if bounce up.On the Cardano chart we see how the price reacts to the Trend line showing a down trend. At the same time, the price is below the daily EMA 50 but above the daily EMA 200. Reflection from Fibo 0.786 but above Pivot point R1. According to timeframe H1, it is not clear where the price will go next, it is necessary to look for a signal to enter on a lower timeframe. Our strategy based on Price action will help us with this. Trading is not difficult when you stick to a strategy based on clear rules. Happy trading!
by UltimateCryptoTrader
Cardano (ADA) - 12h. The last downward impulse? An unsuccessful attempt to fix the ADA price above the range $1.4-1.5 provoked a new wave of decline and returned market participants to consolidation. During 2021, the $0.9-1 range has saved the ADA market from total destruction for the fourth time. The importance of this range can also be seen in terms of trading volumes on June 22: As you can see on the daily timeframe, since May 16, sellers have been confidently holding the black trend line and do not allow buyers to counter-attack. After May 23 trading volumes fell. It happened in the important range $1.4-1.5 which was considered the upper border of consolidation for 3 months. Buyers' passivity in the $1.4-1.5 range was so high that the ADAUSDT price continued to fall and consolidated below this price zone on extremely low volumes. On June 22, in the $0.9-1 range , we saw the interest of market participants and the likelihood of fighting for a new wave of growth. we can risk buying this coin with a short stop. However, the price fixing below this range or consolidation on low volumes with the same character as it was in the range of $1.4-1.5 in the period from 8 to 18 June will be a signal for a continuation of the fall with the first target of $0.7. Looking at the smaller timeframe, we can safely assume that buyers are preparing to test the range of $1.4-1.5 within the framework of real local growth. Given the importance of this range, we expect a rebound in the price and another attempt by sellers to take control of the market. It is from this attempt that the next medium-term price movement will be clear. A positive fact for buyers can be seen on the chart ADABTC: As you can see, the correction after the growth wave from May 5 takes place in consolidation and at low volumes. The worst-case scenario for the ADABTC market at the moment is test of the 0.000031-0.000032 range. This range stopped the price growth for almost 3 months. Therefore, our subjective vision is a new local growth wave with a stop in the range of $1.4-1.5.
by P_S_trade
20
ADA/USD 6hrHi. Hope everyone is having a great day : ) ADA continues to make higher lows inside an ascending triangle. ADA appears to have just started a bounce off the bottom trend line which is an area of heavy support as seen by the thick green kumo cloud. However, the buy to sell ratio at this price level is $32.8M:$32.1M which looks like price will move sideways, maybe even a small dip. If you go back to April 22nd on the ADA chart youll see a fairly large dip before price took off. Dont be surprised if similar happens. If I had to guess where the breakout is to take place, either up or down, I would assume somewhere in the square. In ascending triangles, breakouts occur 64% of the way to the apex. The conversion line (thin blue line) is starting to shoot upwards which is a great sign if it can get above the red base line then price movement follows suit. Even looking 26 periods ahead you can see the kumo twist initiating that indicates potential future price increase. As far as MACD and the SRSI, its fairly boring and moving sideways / slight downwards for now. Overall I am still bullish on cryptocurrency. I dont believe we're in the start of a bear market but we will see what happens with this pattern. Of course this is not trading advice. Mostly so, I hope I am able to provide you with hopium. Cheers!
BINANCE:ADAUSD
by TheRektSaga
ADAUSD 4h Trading SIDEWAYS Range LONG On a 4H chart it seems like there is a double bottom in the forming on the lower band of the channel, that holds the price for the past 3 weeks. On a larger scale we can see an attempt of inverted H&S that failed at the now upper channel resistance level. Full double bottom formation would most likely mean retest of a channel resistance - with RSI and MACD levels low, there could be a breakout if the overall crypto market starts gaining strength. For now ADAs price stills correlates to BTC movement. Past few days it seems like a market could be forming a local bottom, opening a potential for a slow climb towards previous highs. PERSONAL TRADE: Enter trade at: 1.45 TP: half at 1.75, half keep for chance of a breakout SL: 1.30 Risk reward ratio: 2:1 + (depends on second half Profit taking) Would re-enter the trade if price comes to retest pre resistance in case of a successful breakout. Check my MACD Histogram Script. You can get it for free if you click on my profile and check scripts section ;).
KRAKEN:ADAUSDLong
by zArtac
1
Cardano consolidating 4hrCardano could be considered one of the hottest crypto's on the market. Over the last few months it's hit a few milestones. Staking went live along with full decentralization Coinbase and Coinbase Pro added it thus giving it more mainstream exposure The Ethiopia deal was confirmed (www.coindesk.com) SundaeSwap ISO is getting a date and time for their "Initial Pool Offering" where users can stake their ADA for Sundaetokens to power their Defi Exchange (similar to Uniswap) Knowing this we've seen Cardano remain resilient throughout these recent market sell-offs. We continue to see higher low's on the 4hr chart along with some sideways action and low volume (Accumulation). I do not have a particular target date for when Cardano will break up but I will be monitoring the Sundaeswap ISO announcement (supposed to be within the next day) and see if there is any correlation between their announcemet and ADA price action.
BINANCE:ADAUSDLong
by tired_man_willis
2
Cardano (ADA) - 6h. Even a strong beast is weakFor almost 2 weeks, after a powerful fall, the cryptocurrency market has not been able to recover. A prime example of this is the Cardano Project (ADA) . This coin proved to be quite strong on the strait. Of course, this market did not escape a powerful wave of decline. A powerful rebound in the price to $2 per day gave a lot of hope to investors in the ADAUSDT market. However, after this emotional upward movement of the price, the interest and confidence of the buyers plummeted. This is clearly seen in the volumes and the lazy movement of the ADA price over the past 2 weeks. In fact, the price is still moving in a broad consolidation of $1.22-1.9 . Our previous idea showed that now buyers have not yet succeeded in building a trend movement. Sellers easily broke the buying trend and made it clear that at the moment it is not yet clear who dominates the market. Therefore, we will buy this coin in 3 cases: 1. During an easy test, the mark of $1.5 2.during the test of the black trend line of the triangle in the range of $1.2-1.25 3. After fixing the price above $2 While the price is within the triangle, we can more than once witness a sharp upward or downward impulse of the ADAUSD price without logical explanation and support by volumes. Therefore, in such a situation, we expect critical points and only they make decisions. To be more convincing, we show you the ADABTC chart: Such a chart does not at all hint at the strength of the market and should discourage buying this coin at current prices. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
38
ADAUSD going to 2$ - Fibo retracementHello Folks ADA has been holding up very well despite the Bitcoin trending downward which many altcoins suffered but not $ADA with the rollout of the Alonzo testnet (smart contracts) we started to see bullish momentum, as you can see the price retraced on the (0.618) level and it continued it's upward price, ADA currently trying to cross the 1.65$ resistance and bitcoin is not making it easier, however we should see 2.05 in the next week, we may even see 2.30$ again If you have any ideas, please let me know in the comments.
BINANCE:ADAUSDLong
by Yousif_Mhmd
1