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ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022 This week, we will stick to the 4-hour time frame to analyze the price action in detail! The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday. Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34. The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit! Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance. The important price levels for this week are $0.34 and $0.38!
by CoinMarketCap
1
ADAUSDT Now BEARISH🐻Future PARABOLIC🚀Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 A detailed video update on Cardano / ADAUSDT with 4 confirmations why I am leaning towards the bears SHORT-TERM : 🐻 Technical Indicator Phoenix Ascending which contains the LSMA , EMA and RSI , 🐻 The Candlestick Analysis , 🐻 Support zone and Resistance zone analysis, 🐻 The Bollinger Bands. Considering that these four methods of speculating short term price action are all pointing bearish, we also take a look at the next possible bounce/ support zone for ADA. NOTE that even though I am bearish short term, I do still believe that this makes for an excellent accumulation phase price . From these levels, the price can likely go PARABOLIC after after finding a bottom as it has previously after reaching lows. Some altcoins do rally untimely during a bearish market, but it is usually the smaller market cap coins / micro caps that have mini rallies whilst BTC trades lower. Here are a few that I'm watching : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
27
Are the ETH merge gamblers and speculators now moving on to ADA?The biggest update for cardano is coming soon, on 22 september the vasil update. Since all the ETH speculators and gamble made gains and secured them, they might be looking for the next scaling investment, could they focus on cardano next? Will we see big gains in the next few days/weeks? Disclaimer : The information mentioned in my post should be taken with a grain of salt. They are my personal opinion and do not form facts. They are also not a call or recommendation to open trades, do trades or close positions.
Long
by Lobotto
2
ADAUSDT - Be Ready for a PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today’s analysis, a quick look at Cardano / ADAUSDT . Like with most of the crypto markets, there has been a small relief rally / upside correction that balanced out the recently oversold RSI on most charts. By looking at our technical indicators, the upwards price action has been just enough to correct the oversold markets BUT not enough to signal a reversal. We know this, because we have not made a higher high or a clear bottom pattern. Instead, we have made a lower high, got rejected at the local resistance zone and continue to trade downwards. It’s been my opinion that we will see our reversal during Q4, but in which one of the 3 months nobody knows. The good news, is that the end of the bearish market is near and this may be your final chance to accumulate at low prices – it’s a sale ! The good news, is that if you dollar-cost-average these last few range bound downs, you could stand a chance to make a profit of up to 200%, if you are patient enough and set your TP targets. More on dollar Cost Averaging HERE: Also, this is what we’re looking for in a reliable bottom pattern: Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
20
ADAUSDT: Wait For Buys 🎯No one should be buying here, the very obvious slow down in price is a lure to attract buyers. We still need to complete the compression and tap the weekly demand zone before we can consider buys. If you want to get caught in this stop hunt, buy here. If you want to join buys with the whales, wait for a liquidity grab THEN consider a buy. The second approach is much more logical but can your emotions deal with patience? Let me know what you think in the comment section 💬
Long
by AlkalineFX
18
Cardano ADAUSDT short termsInvestment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided within the framework of investment consultancy agreement to be signed between brokerage houses, portfolio management companies, non-deposit banks and the customer. The comments and recommendations contained herein are based on the personal opinions of those who comment and advise. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
Short
by MathGraphX
2