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ADABULLUSD trade ideas

Cardano: reaching overbought side?There has been major progress for ADA during the previous week. Positive news from Cardano`s EVM company Milkomeda over network upgrade is finally strongly reflecting in the price of ADA. Although the coin started the previous week by testing $0.4 resistance, the coin managed to break this level and reached its highest weekly value at $0.46 last time the coin was at this level in February this year. Major development occurred with the RSI indicator during the previous week, which reached the clear overbought side of the market. This indicates the potential for a short term turning point for ADA, which could enter into short term reversal in the coming period. Moving average of 50 days continues its modest divergence from MA200 counterpart, and weakly supporting the Golden cross. It could be expected that the price of ADA will continue to be supported by the news from Milkomeda. In this sense, ADA will start the week ahead by continuing to test its current $0.45 resistance line. There is a low probability that the next resistance line at $0.5 might be reached during the week ahead. On the opposite side, due to potential for short reversal since the RSI reached a clear overbought side, ADA might turn to test the $0.40 support line for one more time.
COINBASE:ADAUSD
by XBTFX
Cardano / ADAUSD - Outlook Long term Bullish, Short term BearishHi guys. Welcome to my TA analysis on Cardano. Compared to some cryptos im liking how the charts have been for ADA. Just FYI this is purely Technical Analysis, i do not dive into FA at all and base my trading discussions strictly on TA. That being said, i do use FA to determine which projects are likely to have strong company dynamics and actual use case when trading cryptos as ive been burned heavy before. I will also be looking to chart more cryptos moving forward as i believe we are at the beginning stages of the crypto bull market. Make sure to tune in for more info on that in my future analysis. Lets dive in: First lets look at PRICE ACTION: Look at the numbered trend lines i have drawn. #1 line = Is this major resistance downtrend or "bear market" resistance line that formed from ADA HKEX:3 top back in August 2021. \ We have BROKEN OUT and tested it as SUPPORT along with covergence of support forming line #2 this intermediate support trend from Jan 2023. THIS IS GREAT TO SEE as this means we have have broken the downtrend we were in since 08-2021. Now does this mean the bottom has formed? Its possible, YES at $0.23 but do notice we can still technically test line #1 and go below $0.23 cents or near it at the least for double bottom even. But that depends on ADA BTC pair relation and how the bull move shapes up in terms of BTC dominance. #2 line - this is an intermediate support line formed from Jan this year. If we cant stay above line #4 , the red resistance line we can test it at any point as support, im in the camp that maybe thewhite circled area where the 200 Day moving average intersects line #2 is a potential area to look at. line 2 along with orange arrow forms a upward channel. Notice here how Orange arrow is acting as resistance and todays candle is looking bearish with upper wick. #3 line - This line is a short term support line where in the coming days we can test, especially if the price action is pushed down by orange arrow. #4 line - This line was major support back in May 2022, then acted as major resistance recently in Feb. We have to now see how price action acts as we come down to test it. We want to STAY ABOVE. In the short term i believe we will DEFINITELY test where Lines #3 & 4 MEET. If we can stay above, act as support and bounce up. solid area to Buy in. But remember this could be a temporary fake out to the upside, meaning we are bound to come down. I would need solid confirmation that we stay above these 2 lines. BUT a major area i would look to enter more positions will be the 200 DMA and line #2. That seems like it would be major support. INDICATORS: 1. Purple line is the 200 day moving average (dma). Notice how we are above the 200 DMA this is also a great sign as long as we stay above it. The thing to pay attention is how and if/when we react again with this in the near future. We need it to be SUPPORT. I would like it also to start curving upwards, which it may do as we are starting to flatten out. 2. RSI - Important to note we maybe forming a lower high. But price action formed a higher high. This is bearish divergence. Which could push price down, causing price action to interact with drawn lines. Todays close is important, as we created a peak and are pointed down. 3. ADX and DI - Also shaping up to be bearish divergence. Where bullish momentum is decreasing but price action seems to form higher high recently. Notice the white circled area, the green line is pointing down, showing a decline in bullish momentum BEARISH DIVERGENCE is when price action is moving up forming higher high shown by the ORANGE arrow but indicators are pointing down forming lower highs also shown by arrow. Price tends to move down over time. CONCLUSION: I think overall ADA seems more bullish than other ALTS but remember that doesnt mean we can't see lower prices than 0.23 cents and still be in a bull market especially if BTC dominance is strong. It is therefore important to gauge at BTC dominance and BTCADA pairings when going for longer term trades. There are loads of positives for ADA, like breaking the major resistance that was formed during downtrend from HKEX:3 and testing it as support. There are also alot of support if ADA does move down which just means more buying opportunity especially since i believe we are in the makings of the new bull run. A MAJOR WARNING however and something to watch carefully is the BEARISH DIVERGENCE and if and when it plays out. That could mean short term price drops. Look to the support lines drawn and the 200 DMA. But overall i believe Cardano is starting its bullish run and am long ADA until proven otherwise. Hope this helped. If you likes what i put out, Please boost, follow and comment. Let me know if you agree or disagree. Stay tuned for updates and more charts on crypto and other assets as well. Look below for related charts especially chart on BTC and recent analysis on another ALT> DISCLAIMER: This is by no means financial advice. I am not a fiancial advisor. The info expressed here are only my opinion and for educational purposes. When trading please maintain your risk management and protect yourselves with stop loss.
BITFINEX:ADAUSDLong
by SafofAllTrades
2
ADAUSD BULLISH TREND PRICE PREDICTIONADAUSD is making a series of HHs and HLs aligned with the concept of DOW THEORY and I believe this chart will continue its bullish trend and generate decent profits for me. Additionally, a bullish candlestick pattern such as Tweezer Bottom is forming after the recent HH showing buyers/bulls are currently in control of the market making a strong case for continued bullish movement. My entry point for this trade is 0.453. SL is set at 0.430 and my TP is set at 0.475. To take advantage of this rising trend, I have applied another trade but this time TP 2 is set at 0.498 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades. OVERALL RISK: 2% { (TRADE 1 : 4347.83 : approx USD 100 RISK), (TRADE 2 : 4347.83 : approx USD 100 RISK) } REWARD: 3% { (TRADE 1 : 4347.83 : approx USD 100 REWARD), (TRADE 2 : 4347.83 : approx USD 200 REWARD) }
BINANCE:ADAUSDLong
by faizannisar0
ADAUSD cardano big Pump?hello everyone... alot of whales are jumping in the cardano lately... and recently the price has broken through main resistance level will it pull back? at this point chances are very slim since its heating up with investors.. as long bitcoin remains bullish to reach its highest at 32k.. most likely cardano will each it's highest at 0.60 in 4hr timeframe support are 0.44 and 0.42 it can likely test back to.. this is an update to my previous analysis... good luck to all investor...
KRAKEN:ADAUSDLong
by baigxy
Trading Idea on ADA/USDBINANCE:ADAUSD Based on the technical analysis of Cardano (ADA/USD) on the daily timeframe, a potential cryptocurrency trading idea could be to buy ADA/USD at the current price of 0.450, with a stop-loss order set at 0.400 and a target price of 0.600. The rationale behind this trade idea is based on the recent bullish trend of ADA/USD, which has been trading above its 50-day and 200-day moving averages. This indicates a potential upward momentum in the price of ADA/USD, which could be a profitable opportunity for traders. Furthermore, Cardano has been making significant progress in terms of development and adoption, which could further increase the demand for ADA in the long run. This is evidenced by the recent partnerships and collaborations announced by Cardano, as well as the growing number of users and developers joining the Cardano ecosystem. However, as with any investment, there is no guarantee of future returns, and investors should always conduct their own research and seek professional advice before making any trading decisions. It is important to monitor the price movement closely and adjust the stop-loss order accordingly to manage risk effectively.
BINANCE:ADAUSDLong
by InKryptLabs
ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high. ADA/USD raced to an intraday peak of 0.4441 earlier in today’s session, after trading at a low of 0.4115 on Thursday. Friday’s surge in price saw Cardano climb to its strongest point since September 27, when prices hit a high of 0.4631. Looking at the chart, today’s jump came following a breakout of a key resistance level of 0.4230. the relative strength index (RSI) also moved beyond its own ceiling at 65.00 and is currently tracking at 71.06. An upcoming ceiling at 72.00 now awaits ADA bulls, and should they fail to move past this point, earlier gains may fade. This is not a piece of financial advice. Thank you
COINBASE:ADAUSD
by CryptoSanders9563
3
Cardano (ADA): $0.40 still resistsThe price of ADA continues to be supported by the announcement of Cardano`s EVM company Milkomeda over the forthcoming network upgrade, which will allow all users of Cardano network to access smart contracts on Ethereum VM through ADA wallets. The resistance line at $0.40 remains supported, but the coin did not manage to break this level for the last two weeks. The price of ADA was moving in a short range during the previous week, between levels of $0.37 and $0.40. RSI is moving above level of 50 during the last two weeks, with its highest level at 61. At this moment, the market is still not ready to clearly choose the trading side. Moving average of 50 days started to diverge modestly from the MA200 counterpart, at least providing some indication that the actual Golden cross did occur some time ago. Daily trading volumes are generally decreased on the crypto market due to market exhaustion on one side and Easter holiday, on the other. During the week ahead, it should not be expected to see some significant moves in the price of ADA. It might continue its current slow motion between $0.40 resistance and level of $0.37, with lower probability for testing of $0.35 support line.
COINBASE:ADAUSD
by XBTFX
ADA Bullish long, 0.30-0.32 DOWN, GREAT BUY ZONEimagine, its currently July and the crazy bull market has begun after long hell. currently lots are bearish short term, sentiment as a regular person is were getting a leg down, this isnt going away anytime soon in the days, but longterm this is setting up well, coming out of the bearish flag, breaking downwards, safe area probably 0.33 - 0.34 but if you wanna get frisky you can set a buy order down around 0.28-0.31. i think its only natural that we fall below just for fun, i know lots of people want to buy in a little bit lower to get that feeling of when the market had busted, but its impossible to know if it will. this will definetly play in for the next couple months but for the cardano community, this is the moment we've been waiting for forever. ADA will make strides like never before
COINBASE:ADAUSD
by Migweel
#14 TA only.'Project Parallel Channel' lol, this is basically an extension of idea '#13 TA only.' Also more detailed with some newly added pc's. What I think will happen: - I think we will be staying above the 'yellow highlighted line' (which is the median of the 'lowest yellow pc') constantly, soon if we do manage to touch it again a week or two later, then I believe the price won't go more than 1% under (very high chance it will just stay above) the 'yellow highlighted line'. I also think this line/spot is a good long opportunity now and in the future if the price is close to the line. - Then I think we will briefly try to challenge the $1 ADA price, possible rejection back to the $0,7-0,8 region. - If not, we might even get to start the journey to $1,75-2,13. - If yes, expect a pump (see big arrowed path line, pointing at $4,753) near the end of May/ start of June) - I believe the 'Vasil hard fork' will bring alote of excitement and action to ADA's price, here is my perspective on the possible price action we could expect from big financial institutions the coming 4-5 months. - Based on simple parallel channels, OPC simply stands for Original Parallel Channel. If you want to recreate my chart, you can just look at the transparent big green dots, those dots are the places I've connected the opc's to, the copies I just placed directly under under the opc. Note: the yellow opc was made on the 1hr chart. The others on 3hr. The opc's also have a darker background color than the copies. - Last advice: Just pay attention to the parallel channels (and their median aswell). Good luck. (This is just my opinion as an unlicensed financial advisor) Lets see what happens!
BINANCE:ADAUSDLong
by UnknownUnicorn5426269
5
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
COINBASE:ADAUSDLong
by haroonsiddiki