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Cardanousdt

CARDANO DOUBLE BOTTOM BREAKOUT LONG AT 1.40!Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Cardano (ADAUSDT) is forming a potential double bottom with the neckline at 1.40. If price breaks above 1.40 with strong volume, I will be looking to take a long position. Need to wait for the confirmation before entering. Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
6
Cardano- Critical Support Level ApproachingCardano now fighting to remain in channel. I think there will be more pain before any potential reversal but the next few days should give us the indication we need to see it more clearly. While it's managed to hold within the channel (for the most part) the biggest test will happen over the next few days as the retrace meets the bottom of the channel, coupled with the descending trend line. (A break north may indicate a reversal but I'd be more inclined to look for a confirmed retest as opposed to buying an initial bounce) My thoughts are that BTC has already fallen through it's major support line and as it moves to test 28 - 24K it will drag ADA to retest the 0.95-1.05USDT mark at best. Loss of Support would potentially indicate a confirmation for the Bears so even at 1.00USD I'd want to see some form of confirmation of reversal prior to taking a position. While probably not a popular call for the ADA Bulls I think structuring in a Stop Limit Order at 0.40 USD in case of a crash would make sense. Whilst I still believe there will be money to be made in the markets caution is advised as personally I think the "new" money and large amount of people flocking to relatively unknown moonshot projects is an indicator that we should be anticipating a further downturn across the board before any potential major recovery. As always, not financial advice, Just my own thoughts and TA. DYOR and don't get Rekd. Bingaz
Short
by Bingaz
1
CARDANO Trendline Breakout Long Trade to $1.50Cardano has been trading under an extended resistance trendline that has kept prices down. It has just formed a bullish RSI divergence on the 1H timeframe, suggesting that bearish momentum could be taking a pause. If price is able to break above the resistance trendline at 1.42, we can see a rally to the critical $1.50 level. The 1.50 is an important level for Cardano as it has served as support and resistance multiple times. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
1
ADAUSD 4h Trading SIDEWAYS Range LONG On a 4H chart it seems like there is a double bottom in the forming on the lower band of the channel, that holds the price for the past 3 weeks. On a larger scale we can see an attempt of inverted H&S that failed at the now upper channel resistance level. Full double bottom formation would most likely mean retest of a channel resistance - with RSI and MACD levels low, there could be a breakout if the overall crypto market starts gaining strength. For now ADAs price stills correlates to BTC movement. Past few days it seems like a market could be forming a local bottom, opening a potential for a slow climb towards previous highs. PERSONAL TRADE: Enter trade at: 1.45 TP: half at 1.75, half keep for chance of a breakout SL: 1.30 Risk reward ratio: 2:1 + (depends on second half Profit taking) Would re-enter the trade if price comes to retest pre resistance in case of a successful breakout. Check my MACD Histogram Script. You can get it for free if you click on my profile and check scripts section ;).
KRAKEN:ADAUSDLong
by zArtac
1
ADA, Cardano - 2️⃣ scenarios for long positionPrice formed a clear resistance line. I see 2 scenarios for buying. 1) We continue movement near to the level, make breakout, and make a retest of the resistance line. (Entry point after retest) 2) We'll come back(quickly) to a strong support zone. It will be a great entry point with SL lower than all 1.32 This idea not for people who want to buy and hold. It's idea for everyone who understands how to trade. Write in the comments all your questions and instrument 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
8
TSUNAMIHello Trender Today I offer you a possibility to ride the wave of this powerful Tsunami. Most of traders will say they are good buying, but what you do when price goes down for a long while! Simple you learn to short same way you learned to long. 1 to 1, or leverage (not advised), then scalping, momentum, daytrading or long term (my prefered). What I think is, Cardano Overbought like this can´t make everyone millionaire. So now is a long way down to around 8 cents. The trend may not be exactely like in the chart but the idea is the big short. I know this is a strong assumption but hey time is the best true teller. Shorting is very risky for unexperienced traders, if you really have to then start with small amounts. Good luck. M.M.M Make Motherfuc.in Money Be wise: don´t work for the money, make your money work for you.
Short
by DeFontain
6
Cardano price technical breakout sets out for 60% rallyCardano had an interesting last week whereby it rose into the fifth spot on the market despite the freefall in price. The staking platform boasts of a market cap of $48 billion and trails immediately behind Binance Coin. The trading last week was gruesome not only for ADA but the entire crypto market. From the recently traded all-time high of $2.5, ADA plummeted to the support at $1.1. However, the downswing appears to have allowed more investors to enter the market at a lower price, explaining the reflex recovery to $1.6. Moreover, a highly bullish pattern is formed on the chart and is likely to bolster Cardano significantly. Cardano bulls focus on sustaining a falling wedge pattern breakout The recovery included the breakout from the falling wedge pattern stalled within a whisker of brushing shoulders with $1.6. Perhaps the overhead pressure came from the resistance at the 200 Simple Moving Average. It is apparent that bulls are fighting to hold at higher support, a move that ensures that buyers the uptrend is not sabotaged. The falling wedge is a highly bullish pattern, with a target at $2.2. Meanwhile, Cardano must bring down the resistance at the 200 SMA on the four-hour chart and close the day above $1.6 to validate the anticipated liftoff. The Moving Average Convergence Divergence (MACD) has a bullish outlook, cementing the prevailing technical picture. Looking at the other side of the picture The Relative Strength Index (RSI) emphasizes the growing overhead pressure following the rejection at $1.6 and the 200 SMA. Its retreat below the midline is a vivid bearish picture that cannot be ignored. Therefore, investors should be prepared for the bearish leg to extend to $1.4 and $1.1 levels, respectively. Cardano intraday levels Spot rate: $1.5 Trend: Short-term bearish bias Volatility: Expanding Support: $1.4 and $1.1 Resistance: The 200 SMA, $1.6 and $1.8
COINBASE:ADAUSDLong
by CoinGape
5
Short Term Bullishness - About to test 1.44ADA looks bullish on the short term price movement. It is forming an inverted triangle on the 1h chart. The price rise will be equal to the height of the candle thats comes closest on both the sides and can be seen in the charts. If the price moves over 1.45, the next resistance wil be at 1.475 and then 1.5893. With major developments about to happen by June, especially ethereum-to-cardano conversion technology, ADA has a lot of growth potential and is a worthy investment in this market. Target price: 50% at 1.44; 50% at 1.47 if it price moves above 1.45 or else 1.42. Stop Loss: 1.32
Long
by AltWhales