ADABULLUSD trade ideas
ADA/USD Possible Target Hello EveryOne !
As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one.
So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ).
Why this correction occurs ?
In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower
note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
#week04assignment #RafayBearish trend observed in ADA/USD chart. Entry taken as short selling position after seeing evening star.
Stoploss and target price set as per risk reward ratio of 01.
Cardano: Come on!Since January, Cardano has been trailing through the green zone between $0.93 and $0.27 more or less dynamically. Primarily, we expect the altcoin to move deeper into the green zone to finish wave 2 in green. Afterwards, it should develop massive upwards momentum to make it above the resistance at $1.64, which would then augur well for further ascent above the next resistance at $2.46.
ADAUSD - Descending Triangle - SHORTADA is approaching the end of a descending triangle that has been forming since May. I opened a short trade with a target of 0.3874. Stop loss will be set at the 50 day moving average.
Long term bullish for ADA!
ADA DailyBad Bad Triangle, either gown as bounced from support line or up to test higher one
What do You think?
Cardano 1H Channel Updated (Still Bull)We removed the rising channel on Cardano as it has been broken twice, but the technicals remain the same; bullish.
Notice 30-June low on ADAUSD remains intact, that's the main support.
As long as Cardano remains trading above this level, the bullish potential remains active.
If ADAUSD moves and closes below this level, at that time the potential for lower prices open up.
Notice the green and red arrows...
These are the main scenarios, "IFs".
For us, for trading, it goes like this...
(1) Buy and hold.
(2) If ADAUSD goes below $0.4350 sell at a loss (tight stop-loss).
(3) If ADAUSD stays above this level and grows, collects profits.
Patience is key.
This is not financial advice.
Namaste.
Cardano Short-Term Updated (New Bullish Signals)This is an update to the trade idea published 8-June for Cardano (ADAUSD).
We have new bullish signals.
We have this ascending channel working as a rising consolidation range, what I call bullish consolidation.
We have a higher low today, 10-June, compared to 30-June.
The higher low candle, a -8 Doji, has the highest volume since 10-June, signaling strong buying pressure.
We continue bullish and expect prices to grow based on the data coming from this chart.
Namaste.
ADA/USD Massive descending triangle and breakout of the trend As we can see, ADA has formed a massive downward triangle. The goal of which is to cover the imbalance formed in growth from December 2020 - January 2021.
Cardano (ADA): side trading is still activeSince the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it is positive that there are no significant selling orders also.
Relative Strength Index moved between 45 and 48, reflecting the side trading. There is currently no clear indication that the market is eyeing the overbought market. On a positive side, the moving average of 50 days has slowed down its divergence from its MA200 counterpart, so they are now moving as two parallel lines. Potential for cross is still far away for these indicators.
Without significant buying orders for ADA, side trading might continue for another week. On a positive side is that $0.40 is for now a strong bottom line, and charts are not providing an indication that the price might go lower from this level. On the opposite side, there is probability for the $0.50 resistance line to be tested in the coming days.
Cardano Short-Term Targets MappedWe are looking at Cardano (ADAUSD) short-term to find out the next resistance levels.
We can see an ascending channel with prices already trading above MA200 while conquering EMA300.
The first target short-term is set at 0.5000 or ~6.5% from the current price.
The second target is set at 0.05400 or 15% away from the current price.
You can find these targets on the chart.
Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk).
A stronger stop-loss can be used around 0.4438, which is the 5th of July's low.
Bitcoin continues bullish and Cardano follows Bitcoin.
The charts are always changing...
Remember to plan before trading.
Thanks a lot for your continued support.
Namaste.
Cardano's Easy 20%, Fast 40% + Sure 70% (10X Lev Trade Reminder)Cardano is moving ahead and right now we need only focus on the targets since we took care of the chart signals a few weeks ago.
We've been bullish;
Now it grows.
Patience is key.
Enjoy the results.
Cardano 10X Lev.
These type of chart setups are not seen very often...
These opportunities are hard to find...
We are active with 10X and high potential rewards = high risk.
The first target is set around $0.5750 for 20% potential profits.
Up to 200% with 10X lev.
The second target is set around $0.6850 for 43% or 430% total.
Finally, the 70/700% target is the mid-term price jump.
There can be more but we aim low, secure our trades and always secure profits on the way up.
This is not financial advice.
Leveraged trading is ultra-high risk and for experts only.
Please do your own research before trading.
Always make sure to have a plan in place.
Wishing you great wealth and success.
Wishing you a strong recovery.
Wishing you peace!
Namaste.
.Please provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful descriptionPlease provide a meaningful description
ADA, Swing Trading Reference, Is It Time To Buy?As shown in the figure,
1. The red area is the resistance band.
2. The green band and the green line are support levels
3. The 30/50/60 MA on the 4-hour chart is forming a golden cross, which is likely to continue higher.
4. The Macd indicator is already above the 0-axis, and it may continue to rise.
In conclusion, there is a lot of people waiting to buy at the support level, and the current entry expectation is smaller than the stop loss, I think swing trading is appropriate now.
Thoughts from a trader with 10 years of trading experience. If you feel the same way, please give me a like. If you have a different opinion, please leave a message and let me know.
Your following, comments and likes will be the motivation for me to continue my analysis.
Cardano's Bullish Potential Is Growing (25% Target Mapped)My fellow crypto-trader, we are looking at a 20% price jump on Bitcoin (BTCUSD) and up to 25%, short-term on Cardano (ADAUSD)...
Let's get started.
We have the same chart as before, we updated #3 to expand the low pattern but the technicals remain the same.
We are coming out of support with a bullish bias that is becoming stronger everyday.
Above the 0.4210 low/support, 18-June, we are strongly bullish...
The market takes care of the rest.
Namaste.
Nice time to buy ADAI really think this is a very good price to start buying ADA for the next cycle if I believe in Cardano's growth and future.
Of course, "bottom fishing" is risky so we can DCA until BTC Halving 2024.
ADA short set-up after confirmationADA short set-up after confirmation:
when price remains starts to form a range under 0,445 (red box) its triggering a short set-up.
✅TS ❕ ADAUSD: bounced off✅✅ADAUSD bounced off the support level and has already headed up. A correction is possible, after which growth is expected to continue.✅
🚀 BUY scenario: long to the area of the resistance level.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADA tradeHere's an idea for a short term trade on ADA/USD. Price ranged for almost one month in the 0.4 - 0.5 area. Being in the lower part of the range, I'm expecting a bouce at least to 0.382 fibonacci but I wouldn't be surprised it it spiket to 0.618 even.
Trade safe :)
