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ADABEARUSD trade ideas

Will ADA price give a bullish breakout to reach $0.35?Triangle Pattern: ADA price action is confined within a symmetrical triangle pattern on the daily chart. Support Trendline: Buyers are struggling to maintain momentum but have established a support trendline. Target Price: ADA could reach $0.30 upon a triangle breakout. 2023 Peak: ADA faced a sharp fall from its 2023 peak of $0.462 in April. Bearish Pressure: The asset is under extreme bearish pressure but is holding above $0.20. Market Sentiment: Overall market conditions suggest a strong comeback for bulls. Resistance Trendline: ADA faces a prominent resistance trendline in its price chart. Current Price: ADA is trading at $0.26, near the support trendline. Technical Indicators: MACD shows declining bearish histograms, while the 50-day EMA acts as dynamic resistance. Potential Comeback: MACD and signal lines are moving sideways, hinting at a potential bullish crossover. Optimistic Scenario: A breakout above the trendline could see ADA reaching $0.356. Pessimistic Scenario: A fall below $0.25 could test the $0.24 support level.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
2
Cardano fibonacci retracement buyThis is the fibonacci retracement of the most recent bullish move and right now we are at the 236 level, which is the best place statistically to buy and expect a continuation of the bullish move if there will be one. Initial target 29 cents there at the 1.618 if we do get bullish continuation. Low risk, high reward. Ps: note some people draw fibonacci the other way around, so for others it wont be 236 fib but the 786 or w/e, basically the last fibonacci below which i would no longer consider this bullish.
BINANCE:ADAUSDLong
by TheChartWhisperer
ADA Cardano Support & R ZOOMED IN 3 HRBoys and girls and reptile people. S & R on the 3 Hr. I like 3 & not 4. I change my mind fast and react to situations very quickly like I do on the ice as a goalie(Fighting Sioux Forever). Is this a bottom? We will know soon. I see a lot on this time frame here. I wish the best for this project and have heard many people here in Wyoming talk about ADA. Maybe they didn't know much but they are long term investors and the work on this project has not stopped. Let's see this bottom! I'm a guy that is into bottoms!
BINANCE:ADAUSDLong
by Polarbearman
ADA Cardano Support & R Zoomed outS & R zones I wish I would have bought more near .24, I doubt we see it again. I will sell off a great portion before and at previous ATH. With the rest of the bag I will pay for some fishing adventures. Please let me know what you see or if you have any special info add it here in the comments please. We can all win together in this! It could go to ZERO do not use my charts expecting your life to change but mine has. Peace and prosperity my people of the world!!
BINANCE:ADAUSDLong
by Polarbearman
✴️ Cardano Adam & Eve | Waiting For A Confirmation (Buy & Hold)Many Altcoins have been producing the Adam & Eve pattern, a bottom formation. And many of these patterns have been successful at predicting a reversal, the level accuracy has been high. And thus it is really positive to see this pattern here on the ADAUSD (Cardano) chart. First, it is all about the support level; Is the low/bottom in? That's all that needs to be confirmed to know that things will change. We do get confirmation and the low is in, great. The higher low in September vs June confirms the low is in. With this it would be enough for us to say, with a high level of accuracy, that the next major move is up. Instead we forget about the initial confirmation we needed and move on to the next... ADAUSD is trading daily above EMA21 and EMA10 but what about EMA50? It needs to be above EMA50 to be bullish right? Yes, this confirmation also comes in but we still don't know, supposedly... And now we are waiting for a strong big candle supported by high volume to say that prices are truly going up. We have multiple confirmations, other pairs are already moving strong... We have all we need based on technical analysis to buy and hold. ADA breaks bullish and yet we continue to wait... The confirmation is in for sure now, let's wait for the correction to enter, we need a retrace for a good entry before we can move ahead... And then it goes up and up and up... You missed the train! What happened? You forgot that the market can go either down or up. All you have to do is buy and hold. ➖ If the last low breaks down, close the trade at loss. ➖ If the pair grows, that's a winner, collect profits on the way up. You end up with very low risk and high potential for rewarded. The confirmation is already in, you can't win them all. Namaste.
CRYPTO:ADAUSDLong
by MasterAnanda
1
ADAUSD On the verge of a rallyCardano / ADAUSD is trading over the 1day MA50 in the past 5 days. The pattern on the 1day time frame is a Triangle, with Support A (0.23500) holding on three different occasions and the next obstacle to overcome being the Falling Resistance (top) of the Triangle. Right now as long as the MA50 holds, you can target 0.28855 (Fibonacci 0.236). If the Falling Resistance breaks, you can re-buy and target 0.37500 (Fibonacci 0.618 and previous Lower High). The 1day RSI has its own Falling Resistance to consider. Follow us, like the idea and leave a comment below!!
CRYPTO:ADAUSDLong
by TheCryptagon
Will Cardano Reach $0.35?ADA price breaks above the $0.25 mark with a double bottom reversal. Cardano aims to reach $0.325 after retesting the $0.25 breakout. Deep correction phase in 2023, but Cardano plans a bullish reversal from $0.24. Year-to-date growth in 2023 is just 6.50% for ADA. Falling wedge breakout in the daily chart signals a bullish rally. ADA price crosses the 50-day EMA, accounting for a 7.82% price jump recently. Current ADA price is $0.262 with an intraday gain of 1.16%. DMI indicator shows high trend momentum with a positive ADX line. 50-day EMA surpassed, increasing the likelihood of a golden crossover. A rise above $0.30 could push ADA to as high as $0.356 by month-end. A fall below $0.25 will test the $0.24 base level. Overall market conditions and ripple effects could drive ADA prices higher.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
Cardano (ADA) to 50 cents.This is not going to be popular… This idea is a continuation from the “Cardano (ADA) to 80 cents” idea published in September 2021. I’m now satisfied the conditions for continuation have now been met. Before the critics come out on mass, check out the 80 cents idea below before commenting. I’m not interested in tribal whataboutery, I’m only interested in the facts of the chart. Why so bearish? The TA: 1) The 10-day bearish divergence alluded to in the idea below has now confirmed. 2) The trend is lower highs lower lows following the break of market structure. 3) The head and shoulders breakout on the weekly. 4) The weekly death cross. No one seems to be talking about it. It is very clear to see. On the whataboutery: 5) From Meet Kevin on YouTube to almost 90% longs on Tradingview, everyone is a Cardano bull right now. $3-10 ADA is being called for. Let me remind you, 95% of traders will lose money. The herd always get it wrong. Is it possible price action continues to move up? Absolutely. Price action might blast through the 21-week EMA (yellow line). If that happens, this idea is void. Is it probable price action continues higher? No. A short position from $1.30 Is excellent. Is there a silver lining? Yes, look at the apps building on Cardano, almost all are massively bullish from a TA perspective. Shall I publish? I’ll think about.. Good luck! Ww Cardano (ADA) to 80 cents
BINANCE:ADAUSDShort
by without_worries
90
📈📊 #ChartPattern Alert! 📈📊 📈 Triangle 📈A "triangle," in the context of trading and technical analysis, is a chart pattern that forms when the price movements of a financial asset create a shape resembling a triangle. Triangles are typically continuation patterns, meaning they often indicate that the asset's price is likely to continue moving in the direction it was heading before the formation of the triangle. There are several types of triangles: Symmetrical Triangle: This triangle forms when the price oscillates between two converging trendlines, one sloping upward and the other downward. As the price approaches the apex (the point where the two trendlines meet), it's expected to break out in either an upward or downward direction, indicating a potential continuation of the previous trend. Ascending Triangle: An ascending triangle occurs when there is a horizontal resistance level and an upward-sloping support line. This pattern suggests that buyers are gradually becoming more aggressive, and a breakout above the resistance level could lead to an upward trend continuation. Descending Triangle: Conversely, a descending triangle forms when there is a horizontal support level and a downward-sloping resistance line. In this case, sellers are becoming more aggressive, and a breakout below the support level could indicate a continuation of the downward trend. Traders often use triangles to identify potential entry and exit points for their trades. The breakout direction from the triangle pattern is seen as a significant signal. However, it's essential to consider other factors, such as volume and overall market conditions, to confirm the validity of the breakout. In summary, a "triangle" in trading represents a chart pattern formed by converging trendlines, indicating a period of consolidation in the market. It's a useful tool for traders to anticipate potential price movements and make informed trading decisions.
BITFINEX:ADAUSD
by RaffDN
Incoming Supply Warns A Crash in Cardano!ADA has reversed within its consolidation range. Experienced a 2.78% drop, suggesting a potential bearish breakdown. A breakdown could push ADA to as low as $0.20. In the 1-day chart, ADA continues to form lower highs. The price has moved below the 50-day EMA, leading to a resistance trendline formation. ADA struggles to breach an overhead trendline. The coin trades in a tight range between $0.265 and $0.235. There's a possible formation of a double bottom pattern at the support zone. Technical Indicators: MACD: Indicating a bearish crossover. RSI: Maintains an uptrend, suggesting bullish divergence. If Bitcoin drops more than 1%, it could trigger a larger market-wide correction. Potential outcomes: A drop below $0.235 might result in a decrease to $0.20. A bullish reversal from $0.235 could lead to a 10% price jump to $0.25.
BINANCE:ADAUSD
by Coinpedia-Market-Insight
Breaking The $0.25 Gates, ADA Price Might Descend To $0.20!Cardano (ADA) displays a bearish breakdown of a head and shoulder pattern. ADA price has dropped below the 25 cents mark. The daily chart shows ADA under a strong resistance trend line, leading to multiple lower-high formations. ADA is currently trading at $0.244, with a bearish pattern indicating a potential downtrend to $0.15. Technical indicators like the RSI show bullish divergence, while the MACD indicates a bearish crossover. If ADA breaks below the $0.235 support, it could continue its downtrend to $0.20. A bullish reversal from $0.235 could challenge the resistance trend line.
BINANCE:ADAUSD
by Coinpedia-Market-Insight