ADABEARUSD trade ideas
ADA to remain bearish regardless of BTC evolutionIn my previous analysis on Cardano, I said that the coin will most probably break under the support of the descending triangle starting with the high from the beginning of June.
Indeed, we have this break down and now AdaUsd is trading under 0.4 figure.
The structure is grossly bearish at this moment and, regardless of BTC's evolution (meaning a bullish move), the price should continue down.
At this moment I see 2 scenarios for ADA:
1. In the case of a rising BTC, the price should rise and test the resistance of the triangle and fall again
2. In the case of a drop for BTC and a break of support(which is my preferred scenario), acceleration to the downside for ADA.
The target for the triangle is under 0.3, considering a percentage calculation.
ADAUSDT - Next move - Its about to explode !!!Hello, according to this wave count i think ADA will explode very soon.
We can see an ending diagonal finished and a potential wave 1 developing.
I found this structure LEADING DIAGONAL - ENDING DIAGONAL on other pairs (see TRXUSDT related idea)
Our strategy can be:
- Buy here and start to accumulate ADA every new low.
- Our invalidation point is 0.4025
Happy trading.
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Bullish divergenceBullish divergence on the daily chart. This is a buy signal most of the time. As long as BTC doesn't do crazy stuff.
Bullish divergenceThere is bullish divergence on the weekly chart. So one of these weeks we'll finally go up.
Has the Cardano ADA bottom already printed?I have been looking at the Cardano chart today and noticed that the longer-term targets would only be met IF Cardano has already bottomed. So, if you're expecting higher prices for ADA, I would consider this a bottom as when you pull the Fibonacci retracement tool from 2017 highs to the lows it gives a 1.618 target which is in a similar realm as to if you pull the Fibonacci retracement from the all-time high to the recent lows. As shown on the chart
ADAUSD (4H) - Bearish breakoutHi Traders
ADAUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.4160 support level. Only the upward break of 0.4380 would cancel the bearish scenario.
Trade details
Entry: 0.4160
Stop loss: 0.4380
Take profit 1: 0.4030
Take profit 2: 0.3890
Score: 7
Strategy: Bearish breakout
Cardano: $0.4 support holds stronglyAlthough we have used to see tiny moves from ADA, during the previous week the coin outperformed itself. During the whole week the price of the coin was moving in a range of 2 points, between $0.41 and $0.43. The positive side of it is that the support line at $0.40 is holding strongly since the mid of May this year.
In line with spot market moves, the RSI was also moving within short spread, between levels of 35 and 43. There is still no clear indication that the market is ready to cross the line and head toward the overbought side. There has not been changes in moving average indicators, and MA50 and MA200 continue to move as two parallel lines with downtrend.
As long as investors are reluctant to enter into significant positions in riskier assets, there is a high probability for the price of ADA to continue to oscillate around $0.40 up to $0.45 levels. For the week ahead, this would most probably be the range for ADA, for one more week.
ADA Ada has been looking nice at these retrace points. Been watching htis drop to start accumulating. Waiting for this to breakout of this curve channel adn find its breakout run off once we break 0.55 again. I think this will do well in the next run. Its a slow mover but most of the Cardano are stakeholders why I like it
ADA BULLISH GARTLEYAda Idea Swing Long.
Im waiting to the pattern of gartley ro materialize. I will entry at prz once i see a confirmation. Buliih Divergence.
ADAUSDT LONG TradeADA next Top Cycle 1.618 and 2.618 Fib extension.
We can have a wick down on 0.25 anytime for capitulation but the next top will be with a very great returns.
ADA Priming to Wake Up From It's Cat NapThe Boxes Are Set:
Ada has seemed on the verge of scraping the bottom (IMO)-
We will head to .55 cents- We close above the box, we will be heading at an accelerated rate to .80 and then 1.00
Worst case:
We breakout of the box and head down to the next resistance point in or around .19 cents ( I do not expect this short term)
We Will See!
Best of luck
Analyses of CARDANO pricesAnalysis of the Cardano price reveals that the bulls are in charge and that the market momentum has recovered. The price is currently at $0.4324 and is anticipated to increase even more to reach $0.4348. Cardano is hardly an exception to the recent market volatility. The bulls drove the price of the cryptocurrency above $0.43 to kick off the week strongly. But the bears gained control and drove the price to $0.42.
At $0.4348, ADA/USD encounters resistance. This is an important level to keep an eye on because a break above this resistance might lead to a price target of $0.44. Support for ADA/USD is located at $0.4255 on the downside.
Cardano price analysis is present in a bullish trend as prices have been increasing steadily over the past few hours. However, the traders should be cautious as the prices may consolidate before making another move. The next few days will be crucial in determining the direction of the market. ADA/USD is among the few cryptocurrencies that have shown some stability in the last few days while most others are still struggling to find their footing.
ADAUSD ideabuy idea for ADAUSD. the liquidity is taken out and there is an imbalance left that need to be filled. so my entry is on the 50% of the imbalance candle which matches with the 61.80 fib level. NFA
ADAUSD H4: THE BEST Level to SHORT target 30C (SL/TP)(NEW)Why get subbed to me on Tradingview?
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ADAUSD H4: THE BEST Level to SHORT target 30C (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ADAUSD H4 chart review
::: compression in progress
::: limited upside going forward
::: sequence of shallow bounces
::: 1st bounce 50%, 2nd 35%
::: final bounce 20% MAX / WEAK
::: expecting more losses / limited upside
::: limited upside going forward
::: BEARISH CHART limited upside
::: BEARS should focus on SHORTING RIPS / MARKET SELL
::: TP BEARS based on measured move 30 cents
::: expecting fresh selling mid October
::: not a bullish setup / BULLS should stay out
::: heavy x3 rejection from overhead
::: weak structure / BEARS taking over
::: however market structure is WEAK
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 30 cents / 35% correction
::: recommended strategy: SHORT RIPS/RALLIES
::: BEARS TP1 35C TP2 30C
::: BEARS SHORT/HOLD at market
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/30C
::: Sentiment short-term: MIXED/RANGE
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