ADABULLUSD trade ideas
ADA / USD Weekly Chart Eventual LongHello traders. Just an update on Cardano. I got hit pretty good when the market crashed, and ADA was trading around $2.88. Saying that, after months of downside movement, I got back in. I don't really care if we drop below where I got in, it will go up in the next bull cycle. Cardano plays by all the rules, and will most likely, in my opinion, be accepted by the government. They are coming after crypto here in the US to fund all the free stuff and over spending. Trade the trend and be well. Big G gets all my thanks. Long term holders of any good Eth based / smart contract, will be rewarded. (Polygon..(Matic), Cardano..(ADA), and Vet..(Vechain) are all winners in the long term. And of course I am a long term heavy holder of Etherum, the true winner in the next 3 to 5 years. Be well and thanks
Inverse Head & Shoulders- LongWhy long?
Possible inverse head and shoulders pattern forming.
Bullish divergence in RSI
4Hr OBV Rising
$ADA CUP AND HANDLEcup and handle formation
measured move
channel measure
fib targets
bottom finder signal on monthly
it all looks so nice!
how are you trading cardano?
Cardano (ADA): short reversal?ADA was losing strength for the last three weeks. Events during the previous week around Silvergate Bank, Silicon Valley Bank and FED Chair Powell testimony, only pushed the market to move price to the downside at a higher pace. ADA`s price reached a minimum weekly level at $0.30, which is a support line for this coin. Around this level the coin is also finishing the week.
During the time of general sell-off, the RSI indicator moved to the downside, reaching level of 30. This is an indication of a clear oversold side of the market, from where, short reversal might be expected. Moving averages of 50 and 200 days are moving a bit strangely during the last two weeks. Namely, they are moving together as one line, still not providing a clear view, whether a cross actually occurred or not.
Charts are pointing that ADA is currently at sort of a cross-road. Namely, the support line at $0.30 is currently tested, but in case that this level is breached further to the downside, then the next target of ADA will be a $0.26 level from the end of December last year. This might occur only in case of further negative news on the market. Otherwise, RSI is pointing on potential for a short reversal, in which sense, ADA might revert to $0.34-$0.35 levels.
future of cardanoas the shown on picture which you see, we will can reach to shown target on 2.7$ zone at 3 aug 2023.
history will repeat again,
dont forget guys.
ADA USD going up from here?Considering all the #Cardano fundamentals, ADA might continue going up from here in the monthly chart. On Defillama there are only 17 Cardano dApps being tracked but many more coming in the next months. Therefore, TVL will increase and the ADA price is likely to follow this behaviour.
ADA Bullish RunThe idea discusses a bullish on the ADA currency pair based on a strong fundamental , as well as several bullish technical signals.
ADAUSD Down trendADAUSD downtrend according to Fib technique. Precise entry according to fib technique
Cardano (ADA): on the oversold coursePrevious week was not the positive one on the crypto market, considering all the negative news regarding the Silvergate bank. Investors are clearly on a hold, which is confirmed through significantly decreased daily trading volumes. ADA still holds its fragility, in which sense, the coin lost more than 7% of its value during the previous week. Although the coin started the previous week around $0,36 level, during the week the market was oriented toward the downside, and selling orders pushed the price to the level of $0,33. Although the lowest weekly level was $0,32, this line was reached on only one occasion, but it generally reveals the market sentiment about ADA at this moment.
RSI was further pushed to the downside, reaching level of 36 as of the end of the week. The market is clearly looking at the clear oversold side. Interesting development occurred with MA50 and MA200 lines, where they are currently crossed, but it is too early to say whether it is a real golden cross or there is still not going to be one.
ADA will continue to follow general market sentiment and wait for investors to return on the market in the coming period. In this sense, some significant moves should not be expected in the week ahead. There is potential for the price to move further to the downside, at least to the level of $0,32 which was tested on only one occasion during the previous week. Whether the price might go below this level is unclear from the current chart. On the opposite side, the resistance line at $0,35 might be tested again, but without a potential to be crossed to the upside.
ADAUSD (4H) - Bearish Wave LTFHi Traders
ADAUSD (4H Timeframe)
A high probability, entry signal to go SHORT will be given with the downward break of 0.331 after the market found resistance at 0.345. Only the upward break of 0.345 would cancel the bearish scenario.
Trade details
Entry: 0.331
Stop loss: 0.345
Take profit 1: 0.307
Take profit 2: 0.283
Score: 8
Strategy: Bearish Wave LTF
ADA upward continuation after this?As ADA nears its mid term fib support at 31c at the 0.618 retracement, I’ll be expecting a strong bounce at that level. Should it fail, there should be even stronger support at the 0.786 fib retracement level at 27c.
A bounce at the fib support should send it back above the 20 week moving average, and all the way up to where the 20, 50 and 200 day moving averages have converged at about 37c to 38c. I’d expect to see pretty strong resistance there, but am confident that ADA can break above all three of those, keeping all the strong fundamental developments in mind. Prediction for the end of March is that ADA will be hovering around the 37c to 39c range, either just above or below the daily moving average resistances.
ADA and its bottomADA finally stopped in its lowest spot predicted almost 4 weeks ago.
We will wait a bit to see if there is a fake or swingback to open either
in short or long.
ADA Double Top PatternADA price has moved below the neckline forming a double top pattern. Expected price target is the measured move at ~0.27 cents.
Cardano IdeaI'd like to know your thoughts on the following scenario.
For me I can see -62% possible before showing a buying opportunity.
#ADAUSD - Breakout or Fakeout? We Predict Drops..#CARDANO has shown a small burst of excitement in the last few days with this little break of trend as illustrated, breakout or fakeout is the question?
After a historic 12 months of mammoth gains followed by a steady decline we can see the price heading back into an area of previous consolidation before the next big move occurs.
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Cardano Trading The Seven Swing CorrectionIn this update we review the recent price action in Cardano and identify the next high probability trading opportunity and price objective to target
ADA looking great in this zoneADA in a great place for contemporary buys and swings.
None of this is financial advice. use risk to reward efferently
ADA/USDT (Cardano)The breakout and retest is done. Its time to see some bullish run in the coming days.
ADAUSD - Crypto | Bearish Trend - MARKET EXECUTION ORDER 30 MinsADAUSD is a Crypto coin showing a Bearish Trend with LLs and LHs . It is expected that this trend will continue further.
We are taking a market execution order because it has formed 2 consecutive bearish candles which shows a strong confirmation of bearish continuity.
Cardano (ADA): eyeing oversold sideIn line with general market sentiment during the previous week, ADA finished the week at lower levels from the week before. The $0.40 resistance line has been a tight task for ADA for two last weeks, so the coin reverted to the down side, and support line at $0.35, where ADA is finishing the week.
With the latest price moves, RSI crossed the 50 line and headed to the downside, reaching level of 43. This is indication that the market started eyeing the oversold side. On a positive side is that moving averages of 50 and 200 days started moving quite close toward each other, implying that the Golden cross might occur in the near future. This would be an indication of potential positive developments for ADA, in terms of potential change of a trend.
Indicators are showing the potential for ADA to move even to the lower grounds in the coming days. It should not be expected to make any significant moves, as daily trading volumes are low. ADA will start the week ahead by testing the $0.35 support line to the downside. In case that selling orders prevail, then there might be a potential move toward $0.33. At this moment, there are no indications that the $0.30 support line might be tested. In case that $0.35 manages to hold current selling pressures, then a short reversal is possible, but with decreased probability that $0.40 resistance might be tested again.
ADAUSD - Potential Upward MovementADAUSD retested and got rejected around the lower BB. Likely will continue its upward movement. Exit at 2nd supply zone.
