bullish on adaI'm very bullish on ada, since the green support zone has been holding strong. It would be a good idea to take a long position with the stop loss of 41 cents and the targets that are shown in the picture.
ADABULLUSD trade ideas
ADAUSD Is Triggering a confluence of indicators signalling a BUYI have rarely seen this, and want to keep emotions out of this, but...
There are a number of momentum, stochastic, RSI, MACD and Bollinger bands which are not align with a BUY signal for Cardano ADA token.
Im bullish based on TA. Macro be Macro but I intend to DCA when I see extreme fear and the confluence of Buy signals.
"The blood is in the streets"
Cardano: continuing slowdownAs it has been expected, ADA continued with side trading during the previous week. This is sort of typical behavior of this coin, after prior strong price moves. During the previous weeks, the price of ADA reached historically lowest levels, after which, the coin started its side trading around level of $0.45.
Relative Strength Index is a reflection of the side trading market, as this indicator moved between levels of 45 and 40 during the whole week. Moving averages of 50 and 200 days are continuing to move as two parallel lines, but this time, MA50 modestly slowed down its moves to the down side. Still, convergence between two lines has yet not started.
As per current charts there is a high probability that side trading will continue for another week in a row. It is evident that the market does not have strength to push the price to either side. At this moment, of prevailing negative market sentiment, it might be a good thing for ADA. Currently, there is a high probability for the price to continue moving between $0.40 support and $0.50 resistance lines.
ADALooks pretty bottomed IMO. They have successfully completed the Hard Fork end of June. And the markets have been selling ADA off since Aug 2021. I think i's time to finally rug some bears
Cardano 4H Update | All Scenarios (Keeping It Simple)Things are not looking good short-term.
We can start right away by seeing ADAUSD below EMA10, aiming at our main support.
Yet, we are good on this chart as long as we stay above the 18-June low (same as Bitcoin) of 0.04210.
Red arrow .
Now, if this support level breaks, we are still bullish on Cardano (ADAUSD) above the last "critical support".
This next support level is set at 0.03884 and came in 12-May.
The same day the rest of the Altcoins market printed its low point.
Here is the chart:
It needs more time...
Traders are being hunted and that's why... See the details/explained below:
Namaste.
Multiple short signals for ADAWe have a descending 200 EMA, descending triangle, bearish divergence. Everything pointing out to short ADA
ADA: Casual Discussion on Current Price MovementHi Everyone! We need another 1-Day and 3.5 hours to pass to know more. About what? To determine if we are in the process of one more "Last Point of Supply" event in Distribution before potentially falling down to around $0.31 to $0.32 cents. Or, to determine if we could potentially be going up slowly with another Simple Rally event in Phase B of potential Accumulation Schematic. If we are to go up significantly with another Simple Rally in Phase B of Accumulation in the 8-hour time frame, the Red and Blue lines in the 8-hour still have more work to do in order for us to go up considerably. We would require roughly 16 to 24 more hours to see if that may occur.
BOTTOM LINE: We need another 1-Day 3.5 hours to pass to know more. I'm still leaning more towards this being a potential Last Point of Supply event in Distribution before falling down to the purple diagonal trend line around $0.31 to $0.32 cents. Yes, it's possible to still go sideways. We also know $0.50 cents is rather strong resistance level at present as well. So, could we see one more Last Point of Supply event up to or near $0.50 before falling down potentially with another Sign of Weakness? Well, it is still hard to say just yet. We simply need more time to find out this. We don't know what we don't know until we know it.
I hope this was helpful. Unfortunately, we need more time to pass to find out more. If I were asked, "What do you think... Still in Distribution or Accumulation?" My answer would be, "I'm leaning 60 to 65 percent still in Distribution."
I'm needing more sleep... Thank you for your valuable time and support!
Happy Trading and Stay Awesome!
David
Cardano Higher Low Likely In, Resume UpsurgeAnother short/quick update for ADAUSD.
The higher low we were expecting is very likely to be in.
We have no trading volume yet when you look at the "1" you can see the three heads pattern completed.
I say we go up...
We will go deeper in the next analysis.
I appreciate your continued support through the hard times.
The markets will turn.
Sentiment will change.
Cryptocurrency is here to stay.
Thanks for the support.
Namaste.
ADA usdt HELLO GUYS THIS MY IDEA ABOUT ADA USD is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the buyers from this area will be defend this Long position...
and when the price come back to this area, strong Buyer will be push Up the market again...
Support from the past + Strong volume area is my mainly reason for this Long trade....
THANKS
TURTLE TRADER🐢
ADA/USDhi guys.here is my chart for #cardano /US Dollar. hope you can use it
Share your comments for me to help me post more Analysis and tutorials for you guys.
cardano adausdtlol ada is really refusing to lose this 45 cents support, it has wicked below it but the day has not close below . we see bullish macd still. i think it goes up. btc showing signs of life. but anything can happen so make sure to close the position if you need to at the lose of 45 cents . good luck
Drop or breakout soonReaching the upper trend line of the descending channel. Hard forks aside this is not a market for excitement or optimism from a fundamental perspective. Long term ADA is gold though and accumulating now and especially at the .3-.35 range is prudent.
Short term (weeks-months) bearish
Long term 🤑
ADA Cardano price prediction for JulyFrom this triangle formation I can only guess that we will see one more upward swing before heading down towards $0.30 support. If we back out to the monthly view it still has a lot of downward movement to go before the climb back to the top. It takes crypto several months to recover after a bear market like this, but ADA is a solid investment and will be stronger once the bulls come to play.
