$ADA Holds strongCardano is now testing critical support cluster zones around 0.98 - 1.00
Most critical support we currently have is the 200EMA level (yellow).
This would be the 2nd time we have tested this level, which indicates a very strong support.
If 200EMA can not hold, previous lows would be next targert around $0.80
ADA is forming a falling wedge which ultimately will lead to a possible breakout to the upside.
Potential Bullish crossing on MACD.
Cardanoanalysis
ADA: Targets On The FibGood day to all profit makers!
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- ADA watchlist for both up and down movements
- BTC will be a big deciding factor in the trend that will follow
- Consult the chart for more information.
- Note:
- This is just my current idea.
- I am not a financial advisor and this is not financial advice!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- My views and charts can and most probably will change!
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck
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ADA/USDT - High Probability of Bearish TrendHello traders and community, today we will tell ourselves shortly about the situation of ADA/USDT
Trend analysis
- As you can see from the ADA/USDT daily chart, the price of Cardano completed bearish breakout move and also completing Elliot 5 waves pattern. That's why we as traders can expect bearish trend for the following days as you can see from the possible scenario (white line on the chart). I recommend to open short trade position up to 0,95 price level to be safe against reroute movement, but you can also try to maximum level of 0,88093 price level (possible scenario on the chart). Today's resistance level is near 1.15 price level (red line), support level is on 1.03 price level (green zone), global trend will stay bullish if can get back on 1,15 price level (orange line).
Chart pattern
- Bearish breakout (approved)
- Elliott 5 waves pattern (processing)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they are moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started increasing after range movement accomplished (Bearish signal)
- MA (10,20): MA10 is below the level of MA20 (Bearish signal)
= Overall bearish signal movement
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P.S.: Information provided is only educational and should not be used to take action in the market.
ADAUSD poised for growthADA growth curve adjusted after the recent semi-crash of markets. Its adjusted trajectory might hint at a higher price target than earlier estimated. It remains to be seen if the regained confidence in the market will continue.
At least for now, ADA has regained its position as the third largest crypto asset by market cap.
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This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
CARDANO PRICE- How we entered again PERFECTLYIF YOU HAVE BEEN FOLLOWING YOU KNOW OUR LOVE FOR CARDANO
Ethereum's main competitor (some call it Ethereum killer) took a pause (blame Binance?) and it's on the rise again
In our last idea here you can see how we called the support PERFECTLY .
It's a buy and a keep until something changes...
Take care,
the FXPROFESSOR
Cardano Update From Buy Zone 1Cardano Update From Buy Zone 1
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
ADA currently in Buy Zone 1 for nice swings back to ATHADA currently in Buy Zone 1 for nice swings back to ATH. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
ADA Potential Buy entering Buy Zone 1ADA entering Buy Zone 1. Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
ADA/USD possible support and resistance zonesThese zones are merely an indication of where ,in the past, there has been conflicting market psychology. Meaning there were people on the bullish side but also people on the bearish side. This could mean that at this price people take a profit or become less confident in the coin. Therefore we can use these zones with proper knowledge of price action and also an understanding of the current sentiment of the crypto market to make and informed "guess" on the direction of ADA/USD. You should not "expect" the price to do anything , you should merely follow this because it is the most likely outcome based on all the knowledge from price action, market sentiment and an understanding of the fundamentals of crypto and trading. Being "likely" does not guarantee the outcome and I can not even guarantee that it is indeed "likely". Don't be too attached to these lines you draw on a chart. They highlight interesting things, they are not "laws of the market" or something like that.
Cardano Consolidating Poised For A Big Move To Fresh New HighCardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!!
ADAUSD to all time highThe resistance curve below might indicate ADA is heading to a new all time high, which might allow it to cross 1.5 for the first time.
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This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
Can Ada outperform Eth next bullrun ?ADA / ETH
ADA was one of few coins last week its reaction against Btc dump was amazing and didn't drop hard like most of others
Here with ADA / ETH pair weekly chart :
we can see strong resistance since 2018 just broken few days ago
This mean if the bullrun is still vaild we can see ADA outperform ETH in next bullish wave
Important : weekly candles must close above this resistance and dont close below again
Remember ...You should have a plan before trading and expect everything
Dont trade what you cant afford to lose
Best wishes
ADAUSD approaching a crossroadADA looks to be approaching a crossroad that would likely lead to a break out upwards. This could mirror Bitcoin's current upwards trajectory, but at an accelerated pace.
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This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
ADAUSD upwards trend maintainedADA seems to be maintaining the trend projected earlier for its upwards trend. It such an exciting thing to watch.
Side by side with Bitcoin the rise of Cardano (ADA) is phenomenal, which goes to show how strong its fundamentals are compared to any alternative coin.
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This content is for education purposes only. You should not execute any trade based on it. Please do your own research.