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CARDANOADA

ADA- We haven't Forgotten YouADA Cardano would be one of the usual suspects that can outpace the vast majority of cryptos in case of a Bitcoin rise. Here is our updated chart with main support levels to assist you. With these good news of Rwanda-Based NGO Partners With Cardano Foundation to Launch ADA Crypto Charity Platform and also these GREAT news of Grayscale Adding Cardano To Large Cap Fund Ahead Of Key Update, one can feel confident that the timing would be good to embrace Cardano again. One Love, the FXPROFESSOR
Long
by FX_Professor
3
CARDANO is under pressure. Will it last or crack? $ADA AnalysisFrom the daily perspective of the ADA / USD chart, we see a strong trend line, which indicates a down trend. But when we look at the Fibonacci retracement of the last impulse leg, we see that the price is at the important level of 0.382, which is trying to break down for the third time. If the price falls below 0.382, the next level where the price will definitely respond is 0.618. This is where we will place our Take Profit if we open a Short position. The trend line and level 0.386 also created a descending triangle formation. Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell. Today I will discuss all the essentials and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade. We hope you will join us for the next trade.
by UltimateCryptoTrader
Cardano accumulates strength for a strong move 🧨🤯The last few days have seen no strong movements on the Cardano chart. Volatility has decreased and this means that price is building up strength for the next strong move. Which way this move will go cannot be predicted 100% but the chart shows that price is trading in a local triangle, slowly pushing towards the upper boundary. If the price continues to squeeze, breaks the upper boundary as resistance and tests it as support, it could be a good opportunity to enter the position, with the targets higher! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
17
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