NO.29Making a double top means the trend will be bearish and also makes a bullish bat that's why I have opened a short trade.
ADABULLUSD trade ideas
Cardano: struggle continuesADA continues to struggle to sustain its price at higher levels. During the previous week there had been more negative news, when project Ardana (DANA), a DeFi project based on blockchain Cardano, was halted due to issues with funding and uncertainty over its actual period of finalisation. At these tight times, it was not at all good news for ADA. The only positive news at this moment is that the volumes of trading are so decreased, that it was impossible to push the price higher to the down side.
ADA reached new historically lowest levels during the previous week, when the price reached level of $0.29. Support line at $0.30 was tested during the whole week. On a positive side is that ADA managed to sustain this level, ending the week at $0.31. On the negative side is that selling orders continue to be dominant ones. RSI had incremental moves from 34 to 38, still exposing significant weakness of ADA`s market, and investors' perception of the oversold side. Moving averages of 50 and 200 days continue to move without any change, as two parallel lines with clear downside trends.
In case that there is no more negative news for ADA, it might be expected for the coin to move in a relatively flat mode, between $0.30 support line and probably $0.33 level. Any sort of significant moves are impossible with such low trading volumes.
ADAUSD | Wave Analysis | Giant Bull Flag Ending Diagonal +60%Price action and chart pattern trading
> A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence
> An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone
> Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60%
> Stop Zone @ lower support of bull flag -10-15%
> Risk reward ratio: 2:1 and 3:1 for short-medium term trade
Always trade with affordable risk and respect your stoploss, nothing 100%
Weekend Update: Starting Coverage on ADA: Cardano Those who follow me know I'm a fan of Tier-1 Crypto (BTC, ETH and SOL). But I have been keeping tabs on ADA for a while now from a price action standpoint. Its layered architecture seems to be an interesting alternative to other ecosystems; as well as, the network can become more decentralized than others. ADA would NOT be a utility contender to the likes of Solana. It is PoS like Solana but its TPS is not even worth discussing when even mentioning Solana. That is not a ringing endorsement for ADA but considering it's TPS is still 15X faster than ETH and almost 30X that of BTC, its other attributes are interesting to me. Nonetheless, I believe the Solana ecosystem can learn something from ADA regarding the 2 most prominent features I can attribute value to above.
From a technical standpoint, ADA is in much the same position as Tier-1 with one exception...it's start. I have discounted the entire pattern from inception to March 2020 as its participation is something I would not associate applying EWT to. If anyone has concerns, questions on why I have chosen to do that, please leave a comment. From that timeframe, the above chart applies.
I would anticipate that ADA will strike the .382% extension of the initial pattern I'm counting sometime in the next two years. The .382% should represent wave i of I of 3. Wave 3 could take a decade to unfold, and if ADA is just following an ideal path, could be worth a whopping $1,381.00 in 2030-2035. I will update this chart from time to time but only on a daily increment basis. Even though I have added it to my coverage basket, I have no plans to post micro counts and hover of each and every price machination into the future. My conclusion is ADA could be a very lucrative investment to buy, stake and forget about it.
Prior to posting this update: I did purchase 10,000 ADA and will stake in either my Trust Wallet, or my Atomic Wallet....currently sitting in my Coinbase Account.
Best to all,
Chris
ADA 15 min short IDEAI've illustrated on the chart, exactly how I see ADA short playing out, however ton of overhead to get through, let me know your thoughts. Does this make sense, happy to discuss!
see ADA short term bullish idea, SUPER R/RAre you able to follow this illustration? this is a breakdown on how market algorithms move, we don't get it right %100 (we're human), but close :) please leave a comment and let me know your thoughts. Open to questions and dialogue.
Best,
Brothers In Bitcoin
ADA/USDT is in Bearish Trend.ADA touch its strong resistance at 0.318 and there is Twizzers top so it might get back to 0.315.
Cardano Breakout ConfirmationI think Cardano has now confirmed it's breakout.
I expect some volatility in the coming days.
I believe Cardano will act very independent from BTC.
Meaning I don't think it will be affected much by BTC swings as some other crypto currencies.
I believe Cardano will retest ath's in this next push up and reach $4+.
Accumulate...Like many other alts they completed 5 waves up which is likely a larger wave 1 providing our starting point holds and no new lows are made, I'm of the belief that the majority of these major corrections will be a big wave 1-2 and people look back at how cheap these prices once were in the future.
Cardano non popular chart 💔Update:
Cardano non popular chart 💔
I HODL ADA for long-term
Looking on weekly chart without emotion and bias...
ADA might correct🔻much lower dear Crypto Nation
Even $0.095 or $0.053 would not be the end of future price gains - just Log-Fib
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Cardano (ADA): holding $0.3 supportMarkets are currently calming down after a significant shock after the FTX collapse, so the price of ADA was moving in a slow manner. The price of the coin reached its highest weekly level at $0.34, and reverted a bit to the downside, to the lowest weekly level at $0.32. Daily trading volumes significantly decreased, so it was not possible to move the price to any direction. At moments on the market like the one we are currently facing, this is actually good news.
RSI movements were following the spot price, in which sense, the indicator had incremental changes of value during the week, between 40 and 37. Markets are still reluctant to choose the side. Moving averages of 50 and 200 days continue with their path as two parallel lines with a clear down trend.
Until all the news related to the scandal are digested, significant moves on the market should not be expected. In this sense, during the week ahead ADA might continue its side trading between levels of $0.3 up to $0.35.
ADA/USD - still in its Falling Wedge PatternHere is a closer look at this ADA/USD 1d chart.
Just like BTC, ADA is still in its massive Falling Wedge Pattern.
Here is a closer look at the Average Directional Index (ADX DI).
Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price ready to ride the next cycle upwards.
Financial Wave. ADAUSDT(Cardano)Consider ADA. In the crypto market, many coins have a similar situation. Our priority scenario is growth towards the intermediate target of $0.36. A fall below $0.3090 will cancel this scenario. A long flat is also dangerous for Cardano.
CarDano ADA/USDT Again as I have mentioned earlier.. We are very close..Final capitulation is necessary to spring the crypto back up. At least we're looking for a local bottom.
ADA (Cardano) - 30%-50% Price Drop Cardano (ADA) Analysis
-ADAUSD remains in the downtrend since September 2021.
- Respecting the Resistance on Weekly and Daily Timeframes
- Broken major support level at 0.40
- Expected price to be between 0.15-0.20.
ADA Cardano Long?ADA Cardano Technical Analysis:
- There is a formation of a falling wedge creating lower lows: falling wedges tend to break to the upside.
- Previous Falling and Rising wedges have played out already.
- Will the current Falling wedge break out to the upside?
- A BULLISH Divergence is also forming on a 1HR Chart
-- But how far upside? Take a look at the POC - point of control price and volume at the red line. $0.40
--- Will we make it to $0.40 based on the technical? What are your thoughts?
Follow for daily charts. Cheers
ADA Cardano
#ADA # Cardano
░▒ ADA | FIB CHANNEL | 12HR ▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: Eve, I am publishing another ADA post to our tradingview.com profile.
EVE: What is it about this time?
CRYPTIK: For now just a simple Fibonacci Channel. I will use this as a foundation for additional trading and teaching of my tracking techniques.
EVE: Sounds great. I'll be sure to check it out.
CRYPTIK: Do you have anything you would like to tell our friends/followers?
EVE: Just that I'm looking forward to seeing more of your work. Keep up the good work!
CRYPTIK: Thanks, any jokes?
EVE: Why did the chicken cross the road?
To get to the other side!
CRYPTIK: lol, Eve! Is that the only joke you know? Recently you told a modified version of that say, "Why did the chicken cross the road? To get to the other side (of the bear market).
EVE: Haha, well I guess that one is pretty timely given the current market conditions.
CRYPTIK: Any other jokes?
EVE: Why did the bitcoin cross the road?
To get to the other side (of the $20,000 mark)!
CRYPTIK: haha.
EVE: Why did the Ethereum cross the road?
To get to the other side (of the $2,000 mark)!
CRYPTIK: lol
EVE: Why did the Litecoin cross the road?
To get to the other side (of $100)!
CRYPTIK: You are on a roll.
EVE: Why did the Monero cross the road?
To get to the other side (of anonymity)!
CRYPTIK: OK Eve. Anything else of value to add?
EVE: Nope, that's all for now. Thanks for having me!
CRYPTIK: Peace Out Girl Scout.
EVE: Bye!
#ADA ADA/USDT ADA/USD ADA/etc support from .17 to .27_buy therethis is the 1 week look at Cardano and current support/buy zone if markets continue to get worse
the facts are there are way to many Macro factors waiting to play out to be ALT hunting rite now. Most of these spell doom n gloom Like US Regs that will come out of this FTX debacle. The chart it self looks like the order block below BTC and ETH could use some action to build retail etc support. On top of this you have the whole "what is each crypto project classification. commodity or security... most will get examples made out of them as US regs shred most ALTs. (Very few "fair Launches" in crypto so to speak. In the end the big boys will still be left to re build the crypto world. ADA has always been more pro KYC then Not. esp when it comes to its on and off chain access. IE think of ADA or Cardano as a walled garden. you can do all types of crypto stuffs anonymously and out in the open but moving information and value on or off the Cardano internet or blockchain will involve heavy KYC . this is justified through attracting real world investors and governments that will need assurances if they will adapt/adopt this tech. is how this team and esp the Leader (Charles H.) view Cardano /ADA mission statement.
This has to be one of the safest ALT Coin Picks going into this "new age" of crypto. With regs and rules on the front lines of everyone's concerns that must be in the works as we speak, this project will be a solid "GO TO" when the market turns bullish .... keep in mind that could be in months, as we currently see major recession traits in the crypto and traditional markets in bound Alts are the last thing on my mind. Unless trying to make a quick 10 to 30 percent after several or extreme "RED" is when you scoop and sell quickly these top ALT Projects like DOT SUSHI UNI YFI AAVE CRV n whatever your jimmy jam try and stick to the top 100 market cap projects and at most 300 top market cap projects. everything that deep in the woods is tricky but admittedly the gains can get redonkuless deep woods as well but more something I look for in a bull like market not bear like market conditions. ie these projects have few liquidity sources and as a result can easily get overlooked during a quick market pump. thats why its always a bit safer in these conditions to get in and out fast while sticking to majors like ETH COSMOS ATOM token UNI SNX SUSHI 1INCH ENJ MANA AVAX DOT ADA of course LEND CRV YFI BNB CRO CHSB VET BAND LINK etc compared to ZKS Pancakeswap CAKE LINA OP that new face book or Meta token ATP or something like that) you get the idea
Cardano or ADA/USDT ADA/USD ADA/etc .27 to .17 is the buy targetthe facts are there are way to many Macro factors waiting to play out. Most of these spell doom n gloom Like US Regs that will come out of this FTX debacle. The chart it self looks like the order block below BTC and ETH could use some action to build retail etc support. On top of this you have the whole "what is each crypto project classification. commodity or security... most will get examples made out of them as US regs shread most ALTs. (Very few "fair Launches" in crypto so to speak. In the end the big boys will still be left to re build the crypto world. ADA has always been more pro KYC then Not. esp when it comes to its on and off chain access. IE think of ADA or Cardano as a walled garden. you can do all types of crypto stuffs anonymously and out in the open but moving information and value on or off the Cardano internet or blockchain will involve heavy KYC . this is justified through attracting real world investors and governments that will need assurances if they will adapt/adopt this tech. is how this team and esp the Leader (Charles H.) view Cardano/ADA mission statement.
This has to be one of the safest ALT Coin Picks going into this "new age" of crypto. With regs and rules on the front lines of everyone's concerns that must be in the works as we speak, this project will be a solid "GO TO" when the market turns bullish.... keep in mind that could be in months, as we currently see major recession traits in the crypto and traditional markets in bound Alts are the last thing on my mind. Unless trying to make a quick 10 to 30 percent after several or extreme "RED" is when you scoop and sell quickly these top ALT Projects like DOT SUSHI UNI YFI AAVE CRV n whatever your jimmy jam try and stick to the top 100 market cap projects and at most 300 top market cap projects. everything that deep in the woods is tricky but admittedly the gains can get redonkuless deep woods as well but more something I look for in a bull like market not bear like market conditions. ie these projects have few liquidity sources and as a result can easily get overlooked during a quick market pump. thats why its always a bit safer in these conditions to get in and out fast while sticking to majors like ETH COSMOS ATOM token UNI SNX SUSHI 1INCH ENJ MANA AVAX DOT ADA of course LEND CRV YFI BNB CRO CHSB VET BAND LINK etc compared to ZKS Pancakeswap CAKE LINA OP that new face book or Meta token ATP or something like that) you get the idea
_HGM0Ut
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 0.310 support level. Only the upward break of 0.378 would cancel the bearish scenario.
Trade details
Entry: 0.310
Stop loss: 0.378
Take profit 1: 0.268
Take profit 2: 0.224
Score: 8
Strategy: Bearish breakout
ADAUSDCardano 1 day chart crypto is a scam but it is just technical analysis lets see how it react here
the price is almost at the buy levels.
the price is almost at the buy levels. that I had foretold many months ago. these 2 levels are great levels for a long buy a hold. the dxy is in the reversal key level. one has a morning star combination in the month chart. a we have solid bearish candles in the daily. this is the best time to get in. to the marked prize levels.
