ADABULLUSD trade ideas
ADA update!A safe entry without significant exposure to downside risk requires patience and proper risk management. here are some key considerations:
1. Identify Key Levels
• Support Levels:
• $0.6921: This is the recent low on the 1H chart and acts as immediate support. Entering near this level could provide a safer entry with a tight stop-loss.
• $0.6750-$0.6800: If $0.6921 breaks, this zone near the MA(10) on the daily chart could act as the next support.
• Resistance Levels:
• $0.7419: Short-term resistance where the price may face selling pressure.
• $0.8174: The recent peak and critical resistance level. Breaking above this could signal a new bullish rally.
2. Monitor Indicators
• RSI:
• On the daily chart, RSI (79.86) is in the overbought zone, suggesting a higher risk of a pullback. Waiting for RSI to cool down (e.g., 50-60) may offer a safer entry.
• On the 1H chart, RSI (44.04) shows the asset is nearing oversold territory, which might present a short-term bounce opportunity.
• MACD:
• The 4H and 1H charts show weakening bearish momentum, which could indicate consolidation or a potential reversal.
3. Entry Strategies
• Option 1: Buy Near Support:
• Wait for the price to test $0.6921. If it holds, you could consider entering here with a tight stop-loss slightly below ($0.6820-$0.6850).
• This strategy minimizes downside risk while capturing potential upside.
• Option 2: Wait for Confirmation:
• If the price breaks above $0.7419 with strong volume, it indicates bullish continuation. Enter on a confirmed breakout above this level, placing your stop-loss below $0.7300.
• Option 3: Scale Entries:
• Divide your position into parts and enter in increments:
1. 50% near $0.6921 (if support holds).
2. 50% on a breakout above $0.7419.
4. Protect Against Downside
• Stop-Loss Placement:
• Place your stop-loss slightly below critical support levels (e.g., $0.6850 or $0.6750).
• This ensures minimal loss if the price breaks lower.
• Risk/Reward Ratio:
• Aim for a minimum 2:1 risk/reward. For example, if risking $0.015 per coin, target at least $0.030 profit.
5. Watch Volume and Market Sentiment
• Ensure significant buying volume accompanies a breakout or bounce.
• If volume decreases or bearish pressure intensifies near resistance, be cautious of fake breakouts.
Final Suggestion
A safe entry could be around $0.6921 (if support holds) or after a breakout above $0.7419. To avoid downside, use tight stop-losses and do not overleverage. Always confirm the move with higher timeframes (4 hour and daily) before entering.
Bearish Signals: Time to Short ADAUSDAs I prepare to share my bearish trade idea for ADAUSD, here are key trends that support my outlook:
- Market Sentiment: Cardano (ADA) has faced a significant downturn, losing nearly 13% this week and about 41% year-to-date. This reflects growing concerns among investors and a lack of bullish momentum.
- Technical Indicators: A bearish divergence between ADA's price and daily active addresses suggests weakening demand, indicating potential further declines.
- Price Action: ADA is trading below crucial moving averages (20-day and 50-day), trapped in a declining channel. This reinforces the bearish sentiment as it approaches the lower boundary.
In my trading strategy, I focus on probabilities to position myself for short trades on ADAUSD.
In summary, by leveraging probabilities alongside market trends, I aim to strategically position myself for potential declines in ADAUSD.
This disciplined approach not only enhances my trading strategy but also aligns perfectly with the current bearish environment.
Join me as we navigate this market together!
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
4H:https://www.tradingview.com/x/IFRT8mYP/
CARDANO
My long term plan for ADA, but I don't even know what tomorrow will bring.
Invalidation is when the yellow line is broken, if there was testing and buying with enough volume I would consider this to be the eventual end of the accumulation phase.
No trading advice.
ADA set up 2025Cardano will be definitely one of the market moovers. IMO potential correction is on the way, with eyes to the buy zone in the chart. This will be a good accumulation target before a rally in 2025.
Watch for resistance ahead ADA/USDADA positioning for a retest of the bull market break out zone! First the YELLOW spider line at around $0.89-0.90USD. The ADA/BTC pairing is breaking out as well, but will be meeting HEAVY resistance at the RED spider! Be prepared for big dips! 20-40% dips for alts are common in bull markets all along the way. NFA
CARDANO - Buy Idea (Short-term)Cardano is coming up with a lot of upside momentum and is crossing over the local key-level resistance of 0.5700. A quick push further to 0.6325 is highly likely at this point. We're jumping in to position.
Cardano 2024-25 Crypto Bullrun Conservative TP zones.ADA Cardano could easily smash these targets, and probably go much higher, but this is as safe a play as I can imagine for the remainder of this crypto bullrun into Spring - Summer 2025. Let's see if we can hit all 4 targets.
Cardano: In Wave [v]From the low of the orange wave on November 4 to the peak of the subsequent orange wave last Sunday, ADA surged by more than 100%. The brief pullback in the orange wave was caught by our now grayed-out Target Zone. Currently, the orange wave should be underway, potentially pushing the price well beyond the $0.65 resistance level. However, there remains a 33% chance for a bearish short-term alternative scenario. In this case, an imminent sell-off into our green Target Zone between $0.44 and $0.35 would occur. This would imply that ADA completed its orange five-wave upward structure at the $0.65 resistance and has already entered the subsequent corrective green wave alt.2.
Cardano ADAUSD has been quiet after its 3-fold bagger in a week
It simply got caught in a Top1 and Top2 system on the 2HR timeframe. The price is now at a support-line and retracing back to the TOP2. Top 3 is possible? Yes, but I think the momentum will rise very quickly and a breakout above the Top2 and a run to 1.00 will take hold.
Here is the chart, with more info on the chart.
ADA 50-150 Bullish SMA Cross ImpendingCardano is about to experience a weekly 50-150 simple moving average cross. This is coming off the back of a strong week for the alt coin. The RSI is 60 at time of publishing. The token has corrected so far to the .236. Anything close to the 50 sma is a good buy for longs in my opinion.
Targets are market with green horizontal lines and are fib extensions from the previous high swing low.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
ADA cycle projectionUsing the bars pattern from cardano's last cycle and overlaying in the general similar areas of first break outs from previous cycle show possible scenario and price levels and timelines.
~$8.00 2025 ADA Price target; yes 2025Next BTC halving is a ways off. Inflation is high and going higher. Divestment from crypto funds / stock markets. Geopolitical uncertainty + high oil prices. Etc, etc. All bad news for short term ADA price action.
ADA had ~130-140 accumulation weeks on the macro scale before going parabolic. The ADA of 2022 is not the ADA of 2018 and it's notoriously slow, yet methodical, development strategy may just be a price wildcard factor. I'm not going to pretend I have some sort of sage-level market insights, I could be dead wrong and not know it.
Ideally, ADA will gently bottom out around 0.30 and face stiff resistance around the 0.90 level for the next 12 to 18 months.
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I'm thinking about two strategies:
A) Take the multi-year approach and start DCA'ing into whatever you favor knowing that the next crypto parabolic cycle is years away and -- "Look to the horizon"
B) Take the extremely short term approach (1 - 10 days) and take profits/losses when you can -- "Aim small, miss small"
Watch ADA, BTC, ETH, SOL, and ALGO closely in the coming months/years. Do not expect general market trends to suddenly reverse course anytime soon.
Cash is king.
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This is not financial, legal, or tax advice. You, and you alone, are responsible for any and all profits or losses. I am not your advisor.
Good luck.
ADA Long back to +42cWe should've been in earlier and don't really like the weakness present at this breakout attempt. So much caution and small positions.
Having said this, we like the perfect backtest of 33c after a shift in momentum with the higher lows, now we can use the 33c as an invalidation point to our argument and change in trend.
We played this trade to the downside and waited for a long time to a structure like this to develop. Even if the SL hits we will be very focused for the next few weeks as the bottom does appear to be in and many opportunities could arise.
ADAUSD WEEKLYRULES:
-If price break Point 2, 4, 6, or 8 cancel the setup
-Price needs to break Point 1, 3, 5, or 7 to confirm the setup
When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal
The market can Truncate(fall short)
ADAUSDLong term idea for cardano if 2020 bull run repeats it self
Final target will be $15 at the end of 2025.
CARDANO $0.25 | waiting for buy back of Banker and allocationa survivor with solid community and supporters
tested through times
and strong hands with huge volume from seed rounds to reset accommodation levels have been rewarded year after year
Long ADA Wont say more than as long as we are abow the blue zone we are shooting for the 2 white marks!
Cardano Nearing Resistance – Temporary Top in Sight?Cardano’s price is approaching a key resistance level at the neckline of the head-and-shoulders pattern that broke down back in April. I expect resistance here, especially given that the daily RSI has reached 80, a level that historically aligns with local tops. Additionally, we’re not seeing any higher lows—something essential for a healthier uptrend.
Cardano breaking upward from a descending channelTarget is around 63 cents. Although I do believe it will eventually go higher and retest the green horizontal trendline above that too. *not financial advice*
Cardano is popping, up 10% again today, will take 0.50 soon
When I first bought this a couple of weeks ago, it was in a massive contraction & squeezing stage, despite recent buyer activity, there was even more selling prior to this demand for many months earlier this year.
So I waited for it to come into my area of confluence because I was desperate to turn some red on my screen into green. I knew there was fairly recent (month or 2) buying demand so I knew this would return once price became too good to not take action to buy.
I loaded up on it around 0.33 cents and I told readers of my initial post on ADAUSD to buy in at these low levels as it would move up fast and a break above 0.455 cents would be big as well.
This Cardana is my best performing Crypto and it is a more recent Buy compared to say DOGEUSD & TRON (that gives nothing aways at this stage.)
Given where things are at now and Bitcoins firm position, 0.50 for ADAUSD is good buying I think.
Just got alerted of a newswire on this theme.
www.tradingview.com
ADA: Is wave 2 complete?The recent price action makes the probability of wave 2 of primary degree complete. But, to be confident, we must see price breaking above 52 cents and then getting support above 40 cents. Otherwise, market can still play tricks on us and make this pump a wave c for another higher degree B wave and crush the bag holders hopes and dreams. But until 31 cents breaks, I am flipping on the bull side for now.
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.
Not financial advice. Do your own DD.
Will be following this idea up with larger TFs in updates.
Thanks for viewing the idea.
