Cardano Correction or move up?in this time frame we have a great ascending channel as you see in the chart, and key levels of support and resistance .for now price follows the bearish trend line and one unsuccessful break out and a triangle pattern as well.
if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or 50.
but if price be unable to break above and break downside of the triangle and ascending channel the two main support could be great area for price recovery and powerful movement to the higher targets.
CARDANOADA
ADA breaking out the key level resistanceHey friends, hope you are well and welcome to the new update Cardano coin.
Breaking out key level resistance:
During the powerful bullish rally on the long-term first the price action broke out the $0.15 resistance and after re-testing this resistance as a support move to the next resistance $0.385. This is the key level resistance for ADA coin because this resistance is not broken out since 2018. If this resistance will be broken out then the price action of ADA can reach at $1.4 very easily.
The EMAs and Ichimoku cloud:
On the weekly chart, the price action of ADA coin has is moving above the exponential moving averages 10 and 21 and using these EMAs as good support.
On the weekly chart, the price action of ADA with Bitcoin pair is breaking out the Ichimoku cloud. Once this cloud will be broken out then the Cardano can turn more bullish.
Conclusion:
This can be a historical moment for ADA, because on one side in the US Dollar market it is breaking out the key level resistance and in Bitcoin marked it is breaking out the Ichimoku cloud strong resistance.
ADAUSD this is just a beginning towards previous highEMAs on the monthly chart.
Even though the price action of Cardano has rallied more than 1800%, but if we switch to the monthly chart, then it can be observed that the priceline has just broken out the resistance of EMA 10 and 21.
EMAs on the weekly chart:
On weekly chart, the price action broke down the EMAs 10 and 21 but again it has moved above these exponential moving averages.
SMAs on the weekly chart:
On the weekly chart, the price action of ADA has broken out the 50 and 100 simple moving averages and now breaking out the 25 SMA resistance level.
Ichimoku cloud:
Now if we turn to the ADA with the Bitcoin market, then the price action of Cardano is likely to break out the Ichimoku cloud resistance on the long-term weekly chart.
Conclusion :
The priceline has rallied more than 1800% so far, but this is just a beginning and the ADA can cross up the previous highest price ever very easily.
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ADAUSDT (Waiting for the resistance zone breakout)#ADAUSDT ( 1H chart) Technical Analysis Update
Waiting for the Resistance zone breakout
ADA/USDT currently trading at $0.315
Long Entry-level: Above $0.320 (only enter long after 1 h candle closes above the resistance level at $0.320)
STOP LOSS:$0.300
Target 1: $0.340
Target 2: $0.380
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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ADA Cardano Analyze By Persian crypto master Daniyal DaraeiHi
Like it before reading please
cardano made a good symmetrical triangle on daily time frame , and we have good support line on 0.13 and resistance on 0.15 , it can made a great consolidation on this triangle and it can break triangle upward to get on targets that i'd showed on the chart.
0.20$ could be first target and the second could be on 0.2355
consolidation in 5 to 10 days could make bullishness before breaking out
FOLLOW us , this idea will get update soon
;)
Daniyal daraei
ADAUSDT (Falling Wedge Breakout)#ADAUSDT Technical Analysis Update
Falling Wedge Breakout
ADA/USDT currently trading at $0.187
LONG ENTRY level: $0.185 to $0.188
STOP LOSS: below 0.171
Target 1: $0,197
Target 2 :$0.210
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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ADA-6h. The next target is $0.25.A good trading situation has emerged in the ADA market . Buyers managed to break the global critical level of $0.171 . 6 weeks of struggle for this mark gave the result.
On large volumes, the ADA set a new local high of $0.197 . Now sellers are testing the strength range of $0.171-0.18 . Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free .
We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171 . Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario.
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ADA bullish divergencePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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Cardano is looking interesting. Finding support on the range it was in for over almost a year. With a bullish divergence on the RSI.
When it touched here in november we saw a nice 50% rally towards the resistance at 936.
If Bitcoin retraces and fulfills its blow-off top, we could see Cardano move further toward the 1200 level.
What do you think about ADA? Long term hold? Or just a trade?
ADAUSDT (Resistance Zone Breakout)#ADUSDT Technical Analysis Update
Resistance Zone Breakout
ADA/USDT currently trading at $0.186
LONG ENTRY level: $0.183 - 0.190
STOP LOSS: below $0.150
Resistance level 1( Target 1): $0.220
Resistance level 2 ( Target 2): $0.265
Resistance level 3 (Target 3): $0.40
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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ADA 12h still can shoot wellAlmost a month has passed since the publication of the previous ADAUSDT global idea.
Since that time, the critical level of $0.17150 has withstood a hit from the bottom for the third time, and a low of the trade was $0.12630 with the forecasted $0.12000.
ADA has not yet responded to the phenomenal BTC growth like altcoins can, and it looks like ADAUSDT rapid growth is included in buyers' plan soon.
Fixing the price above still unbreakable level of $0.17150 will give a green signal for massive purchases, and accordingly, growth to $0.25400 and maybe to $0.34600.
However, it is worth mentioning that BTC closed yesterday's daily candle with a bearish pinbar.
It is not yet known for sure how Bitcoin will be fixed: in fiat or they will start transfer it into altcoins.
Therefore, one more the ADA price decline to the level of $0.13400 should not be overlooked.
Below this level, a breakthrough to $0.09300 may happen.
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ADA-4h. The next target - $0.255.Any event in the world does not pass without consequences.
A sharp ADA growth by 60% since November 20 has provoked the formation of a global triangle. The price is still traded within its limits.
The critical point - $0.14 . However, the probability of breaking the triangle up is much higher.
The problem of breaking the $0.17 mark is a long history, dating back to 2018 . However, there is no time to delve into the details of this problem - because it is a short-term idea!
The next important target of buyers is $0.255. That's where we will wait for the price after fixing above $0.17.
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ADAUSD formed Gartley | Upto 45% move expectedOn daily chart, the price action of Cardano has completed bullish Gartley pattern and spiked in the potential reversal zone. It may give another chance to catch it from the PRZ level. There are also 100 simple moving average support below the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $0.13099 to $0.11672
Fibonacci projection or sell zone: $0.14221 to $0.169436
Stop Loss:
The potential reversal zone area that is up to $0.11672 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 45% and as per the above-mentioned stop loss, the loss possibility is 11%.
Note: Above idea is for educational purpose only.
Cardano ADAUSDTUsing fib circles we can see a clear transition.
This sparks the bull move.
Also using the alligator indicator to see this bullish opening.
The Top Cap indicator is speculative and im not sure it applies to alts, but ive applied circumstances that fit ADA.
I am neutral on this one, (its not in my portfolio) however im sure the bulls will outpace.
There seems to be a large disconnect between crypto and potential bearishness of SPX.
Cheers,
Bixley
ADA/USDT (Cardano) SYMMETRIC TRIANGLE BREAKOUT#ADAUSDT (1h Chart) Technical Ananlysis Update
Symmetric Triangle
ADA/USDT currently trading at $0.68
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $0.182
Resistance level 2 (Targe ): $0.195
Resistance level 3 (Target ): $0.235
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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