ADA Cardano: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Cardano (ADAUSD).
Cardano price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Cardanoforecast
Cardano: TarzanA call which makes the trees tremble resounds through the jungle. It is Cardano, swinging along the support at $0.92258 like Tarzan on a liana. As it is currently very close to the support line, Cardano could decide that is has finished wave v in magenta and continue the ascent. However, as it has dipped into the green zone between $0.27674 and $0.93352 only shallowly so far, it could still rope down to complete wave v in magenta a bit deeper, before climbing up again.
ADA, a possible BREAKOUT after the WHALES accumulation?Cardano (ADA) failed to close above a large value zone through not enough number of buyers. Traders who were opened long positions in this value zone also wanted to close their positions at breakeven ($1 level), which also caused the price to fall.
The price is squeezing below the global trendline now. Before reaching the $1 level, we expect liquidity collection at $0.746, after which price could go up.
After the liquidity collection, the BIG players will probably take their long positions, and we will possibly do the same.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ADA Cardano: 4H Chart ReviewHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Cardano ( ADAUSD ).
Cardano price has been on a downward trend. There are multiple Support and Resistance Lines shown. The price may make an attempt to get to the 0.236 and 0.382 Fibonacci Retracement areas with the Ichimoku Cloud possibly creating resistance. RSI, MACD and MFI look bearish. Price is below the 20, 50 and 200 SMA.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Cardano: Spa 💆🧖♀️Cardano is on vacation and has gotten comfortable in a spa. There, it has eased into the nice warm mud bath between $0.93552 and $0.27674, closing its eyes and sighing contentedly. We expect Cardano to sink even deeper into the green sludge, ideally until $0.52409, to finish wave 2 in green, wave C in yellow, wave C in turquoise and wave v in magenta. It could also extend its relaxing bath until $0.27674, though, if it is not afraid of getting prune fingers and toes. Afterwards, Cardano should be refreshed and bursting with energy, readying itself for a new ascent.
Cardano: Limbo DanceLimbo cool, limbo fine,
Ev'rybody gets a chance.
Clap your hands, it's party time,
Do the limbo dance!
Cardano seems to have taken David Hasselhoff at his word and is currently doing the limbo dance below the support line at $0.92258. As long as Cardano manages to stay below this limbo bar, we expect it to go deeper still into the green zone between $0.93552 and $0.2767 to finish wave v in magenta – ideally at about $0.52409. Then, the limbo dance should be over, and Cardano should stretch its limbs above $0.92258 again.
CARDANO 364 days range BREAKDOWN? Here we can see that Cardano is breaking out of 364 days! range and starts losing 1$ support level on the daily timeframe. Give it a few more closes below and things can get really ugly.
Bearish case: Now we almost have the first daily close below 1$ level in 364 days, which indicates that bullish trend might change. The problem is that there are no strong support levels below 1$ because the pump before was very fast and unstoppable forming a huge "price inefficiency" gap (price didn't trade enough at those levels). So the first strong support is 0.4$, which is almost 60% below current price. I'm not saying we will get there straight line, sure there will be bounces, but levels of support are more like psychological (0.75$, 0.5$ etc.). So keep that in mind.
Bullish case would be Sharp reversal above 1$, it should be very fast, anything slow is not ok, because price starts forming bearish momentum which tends to accelerate after breakouts of critical levels (cascade liquidations, price inefficiency gap fills).
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Cardano: Last Twitch 🐟 If Cardano were a fish and the bears were hunting for it, it would have made its last twitch by now. Last month, the furry predators had already caught the Cardano-fish at the resistance at $1.63781 and subsequently had dragged it down in the direction of the support at $0.92258. Last week, Cardano made a first attempt to escape, but the bears clamped down hard on it. Now, they seem to be ready to enjoy their prey. We expect them to take Cardano with them below the support at $0.92258 and into the green zone between $0.93552 and $0.27674 to finish wave v in magenta . There, Cardano’s second attempt to escape should be successful and help it back to $0.92258.
If the Cardano-fish is too slippery though, there is a 30% chance that it could slip from the bears’ paws earlier already and jump above the resistance at $1.63781. From there, its adrenalin rush should be strong enough to lead it above $2.4574 and $3.1000 as well.
Cardano: Skydive🪂After Cardano has parachuted down form the resistance at $1.63781, it has pulled the ripcord shortly before the support at $0.92258 and has been gliding along it for some time now, experiencing a little bit of updraft lately. However, we expect the volplane to reach the $0.92258 support line soon, where it should gain drive for further downward movement. Cardano should then ideally land at about $0.52409 in the green zone between $0.93552 and $0.27674, where the flight should end with the magenta wave . Then, Cardano should fold up and pack its parachute and make its way back above $0.92258.
As long as Cardano has not reached the support at $0.92258, though, there remains a 25% chance that there is too much updraft for it to land properly. If the wind then carries Cardano back above the resistance at $1.63781, its power should suffice to blow the price further upwards above $2.4574 and from there, even above $3.100.
ADA Cardano: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD).
The chart is self-explanatory. The price is at the apex of the triangle, so a move is coming. There is bullish divergence in sight with support lines intact for the RSI, Stoch RSI and MFI. The price is also in a descending wedge (generally bullish). The one concern is the triangle formed after a big drop presenting a Bearish Pennant. Focus on the breakout direction and possible re-test to give indication of which direction the price will move. Lastly, Volume over the past few days has picked up which falls in line with the bounce on the MFI.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Stochastic RSI, Bearish Pennant, Descending Wedge, Bullish Divergence, Ichimoku Cloud, Volume, Simple Moving Average .
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Cardano: “The Long and Winding Road”“… that leads to your door will never disappear…”
Quite similar to the road in the famous Beatles-song, Cardano’s development has also been a long and winding road in the last few months. Now that it has finished its extended wave as well as its shorter wave in magenta, we see Cardano heading through the support at $0.92258 and to the green door between $0.93552 and $0.27674. In this door frame, the price should turn around and rise up again.
Still, there remains a 25% chance that Cardano does not make it into the green door frame, but instead rises above the resistance at $1.63781. If it has managed to get this far, the price could also reach further destinations at $2.4574 and $3.1000.
CARDANO LONG TERM BULLISHCardano's price can go much higher than expected in the future. Other a lot of crypto is now on the 5th wave to finish the rally but Cardano is most probably waiting for the 3rd wave to push higher. Some people can count the recent top as a 3rd wave but I am counting this as a 1-2, 1-2 because if you count as a 1-2-3-4 then there is an overlap happen between 1 and 4, so most probably the recent top out of $3.09 is not a ((3)), It's actually (1) of ((3)). It may be the 5th wave as an extended leading diagonal and if it's leading diagonal then also it should push higher because in an expanding leading diagonal wave 3 must be greater than wave 1 and wave 5 must be greater than wave 3.
For the short term most probably it finished the second wave as a complex correction around the previous 4th or it may be down to the lower sider for finish correction. For now, the trend-line is the resistance point for bullishness.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ADA #CARDANO #ELLIOTTWAVE
Cardano(ADAUSD) IN IRREGULAR CORRECTION SHORT TO $0.8Macro-level
Looks like we are still in Wave 3 of the 5 wave series for Cardano(ADAUSD)
The Wave 1 was completed in 2018 at $1.3
Wave 2 ran for a very long period till end of 2021
We are now in wave 3 for the bigger wave cycle
Wave 3 is an impulse wave with 5 sub-waves (1-2-3-4-5)
In the bigger Wave 3 we are in sub-wave (2)
Looks like Sub-wave 2 is making an irregular correction (A-B-C)
Micro level
In a complex A-B-C irregular correction the waves are subdivided into 3-3-5
W(A) is a 3 wave ended at $1
W(B) is a 3 wave structure and ended above the start of wave(A) at 1.38% extension of W(A)
Wave(C) is a 5 wave and drastically drops to the end of W(B) or even a little lower to 1.618% of Wave(A)
We are now in the 5 wave series of Wave(C) - its at sub-wave(4)
If we are in the downward cycle with the whole crypto market going down, my guess is this might end at 1.618% at
$0.81 in the next few weeks
Please comment and appreciate your feedback
Cardano: Tie Your Hiking Boots 🥾🥾Cardano has tied its hiking boots and packed its backpack for the long trek uphill. It has left the valley where wave in magenta ended and has begun the new ascent. Thus, Cardano is sufficiently warmed up for the continuing climb and should reach a first target at $2.4574. From there, it can already see the next summit cross at $3.1000.
However, there is a not too small 45% chance that Cardano might need to go down again – to get its shoes repaired or to grab some more food supply or because it has forgotten to pack its rain gear, which is much needed in alpine terrain…
CARDANO APPROACHING SUPPORT- TARGET @$4Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Here is my cardano forecast. As we can all see on the chart, price is approaching previous support within $1 & $1.15.
If price reverses at the support level, I expect a rise to $4.
What do you think?
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ADA/USDT (CARDANO) HAS FINISHED 2nd WAVEADA/USDT ( CARDANO ) has finished 2nd wave as a preferred count but we can have an alternative scenario also which is where level as a red degree, If we see more downside and go below $1 then we can go more downside for making 2nd degree of a bigger degree.
#ElliottWave #Cardano #ADA