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Cardanousdt

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. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
5
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. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
13
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.
KRAKEN:ADAUSDLong
by moon333
Cardano| A possible move upto $0.20Previously we have seen, on weekly chart, the priceline was at the support of an up trend line and now finally it has spiked from $0.10 to $0.18. Up channel on long term chart: Now on the weekly chart, the priceline has started its move in an up channel. At the moment it is at the resistance of this channel. There is also 25 simple moving average support above the support of channel and 50 SMA is also moving up to the support. Wedge formation and a possible move to $0.20: On 4 hour chart, the price action is moving in a wedge and rejected by the resistance. In case of breakout the price action of Cardano can reach at $0.20. Down channel: The priceline has also formed a down channel within the above wedge pattern. There is also 100 SMA at the support of this channel. Harmonic Shark formaton: On 2 hour chart, the priceline is also forming a bullish Shark. Now the potential reversal zone of this harmonic move starts from $0.1479 and ends up to $0.1440. This is the same level where we have the supports of wedge and channel on 4 hour chart. Conclusion: There is a strong possibility that the priceline will retest the supports of wedge and channel on 4 hour chart and then move up for breakout to hit $0.20 very soon. But if the price acton of ADA will break down these supports then it may re-test the support of an up channel on weekly chart that is at $0.10.
KRAKEN:ADAUSDLong
by moon333
1
ADA 12h Buyers still keep control of the level $0.17150The previous idea worked out very quickly, so it's worth updating and complementing it. The critical level of $0.17150 withstood the blow from the bottom for the second time. Fixing the price above it will open the way up for buyers to $0.255 . If the euphoria becomes strong, then the growth may continue to $0.345. But for now, it is likely that the price will lower to the level $0.12, where the mid-term future of the ADA price will be decided. Below this level, there is still a level $0.115 , which withstood the previous flow. And even lower, we have a liquidity zone of longs accumulation with the critical levels $0.092 and $0.072.
by P_S_trade
1
Cardano (ADA) weekly chartADA / BTC 🌟 Techincal Analysis🌟 Hi guys Ada recently started to pump hard again Looking at weekly chart you can see : 1- It just broke strong horizontal resistance 2- Broke trendline resistance 3-On bottom of RSI its show bullish reversal signs 4-Great volume entered last few days 5-btc dominance start to decrease (alt season) All this are bullish signs Now ada Got rejected from 855 sat (0.382fib) If ada managed to hold above this fib resistance We can see next targets in Fibonacci 995 sat 1136 sat 1337 sat Good luck and happy trading 🌹
Long
by Babenski
3
ADA Has Surged More Than Any Top Coin And Still Has PotentialHey friends, hope you are well and welcome to the new update on Cardano. As per my previous idea the ADA turned bullish from the potential reversal zone of bullish Butterfly and recovered more than 14000% and became the most strong bullish coin among top cryptocurrencies. Now the price action has found firm support above 0.786 Fibonacci projection of A to D leg of this bullish butterfly and re-testing this level as predicted. Previous bullish Butterfly idea: Priceline is retesting the 0.786 Fib projection after execution of idea: On daily chart the price action is at the support of up-channel. The volume profile is showing less interest of the traders below the resistance and high interest of traders even below the support which is bit critical but the priceline of ADA has also strong support of 200 simple moving average below the support as well. On the long-term weekly chart the price action of Cardano is trying to breakout the $0.105 resistance level. If this resistance will be broken out then it has next resistance at $0.14. But in case of rejection by this resistance of $0.105 the priceline of ADA has next support at $0.085 then $0.065 and $0.027 respectively. In the meanwhile the priceline is likely to form an up channel and at recently it has bounced from the support. The stochastic also has given bull cross. Conclusion: As the priceline of ADA coin is at the resistance of $0.105 and having previous support at $0.085. Therefore if it will be rejected then there are strong chances that it will be moved up from there because the pric action also has strong support of 200 simple moving average on daily chart almost at the same support level of $0.085. However we can expect that the priceline won’t break down the support of expected channel on weekly chart.
KRAKEN:ADAUSDLong
by moon333