Bearish short term, ADA IS PRIMED TO TAKEOFF AFTERcurrently, we are in a bearish flag pattern, ada is going to go down, as the rest of the crypto market might, be as well, but it is shown we want to push in the downward direction, set to drop to 0.364, consolidate, and then probably fly down to 0.29-0.31$, onwards we will blast off to the moon!
ADABEARUSD trade ideas
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update:
$ADA currently trading at $0.3919
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23)
We have potentially a Profit Point coming at the end of the day (5,5% Profit).
There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before
But we have broken the descending channel.
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
if ADA holds, we could see a massive gain (183%).
What do you think ?
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Cadrado (ADAUSD): Bearish Signal Explained
ADAUSD reached a solid horizontal daily structure resistance.
Approaching that, the price formed a double top pattern on 1H time frame.
Its neckline was broken then.
I will expect a retracement from the underlined blue zone.
Goals will be 0.365 / 0.355
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ADA Trendbreak and retest of the support levelsYou can See that ADA(Cardano) Broke the downwardtrend and retestet the so established Support Zone,after Passing this longterm baerish downtrend.
This is a confirmation, that a Trend change is coming in.
usually this Trendbreak is followed by a V-Shape Retracement to the 50-61. Fibonacci Levels, where i put the Lines.
I think we will reach the Target Zone pretty fast.
CARDANO BULLISH DIVERGENCE ABCD INCOMING, THE MOMENT IS HEREPulling back from pulling back off the pullbacks.
Short term - as we've pulled back from the recent short starting on the 22nd, we are going to enter a bearish divergence, via market sentiment and incoming Core CPE, we're looking more bullish then ever, but for the next 3 days, were seeing something bearish, but in long term bullish
Mid term - we are in a current pullback from March 10th, in the little buy boxes i have, the range is very inaccurate, the lower you go the riskier you get. given the more larger trend line that has existed as resistance, buying anywhere inside is safe. but currently, as we pull back, we are bound to hit that line again, and as everyone has anticipated for weeks and months, we are about to hit the jackpot and goto the moon!
Long term - using our Fibonacci Retracement Tool, we've previously retested this larger trend line, midway above the 786 line, i think once we confirm this 618 line, even if it breaks through the larger trend line and tests it, we should see massive, possibly and probably big gains!
chances of ADA going under 0.30 are improbable because that would in turn give a bearish divergence and idek what goes on there, but that would mean crypto goes down and theres no way thats possible anymore
4.
Cardano (ADA): is $0.4 next?A positive sentiment on the crypto market continued for a second consecutive week, which also supported the price of ADA. The coin started the previous week around $0.33 level, and during the week was gradually building its road to the higher grounds, till the level of $0.38. For some reason, the $0.40 resistance line is still a hard task for ADA at current turbulent times on financial markets. But, on the other hand, the increase in price shows that investors still have confidence in this coin.
During the week the RSI crossed the 50 line and moved to the highest level at 57. This could be treated as a positive signal, considering that the investors are still more oriented toward the upside, and overbought market side. Moving averages of 50 and 200 days for the last three weeks are moving side by side as one line, which is quite rarely seen on the charts. It is currently quite hard to say if the cross will occur or not.
ADA is gradually building its higher grounds, but still missing the $0.40 resistance line. If markets continue with a positive mood, this might be a target of ADA for the week ahead. On the opposite side, the coin could also modestly revert to $0.35 support, to test it for one more time.
Cardano (ADA): small potentialPrevious week was generally positive for the crypto market, regardless of the fact that very unfortunate events led to this surge in prices. Although the price of ADA did not make some extraordinary jump in value on the weekly level, still, it is positive to see that this coin has its own audience of investors, waiting for the moment to get back into this coin.
During the previous week ADA was moving in a range of $0.31 up to $0.36. Still, the coin is finishing the week around the $0.35 resistance line. The RSI was modestly pushed above level of 50, reaching the 55, indicating that the market is just gearing for the overbought side. Interesting development with MA50 and MA 200 is continuing for the last three weeks, as both lines move together as a one line, still missing to provide clear view, if the cross actually occurred or not.
With the start of the week ahead, ADA will continue to test the $0.35 resistance line. In case that there is market strength for a move to the higher grounds, then level of $0.37 might be a next target. However, in case of a short reversal, the coin might again look at the $0.32 level.
cardanohey everyone,
ada is picking up good volume and recently break out of the falling wedge, price may or may not retrace to 0.30 but that is the main support as of now...
price can only fall below 0.24 if overall crypto crashes... previous resistance was 0.40 so most likely it'll break this time if price is bullish and the next estimated
target is 0.50 to 0.60
good luck