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ADABULLUSD trade ideas

Cardano Price Analysis — August 5Ever since Cardano broke away from its downtrend, highlighted by a downward-facing channel, the cryptocurrency has maintained a steady sideways pattern despite the noise in the market. ADA remains glued to the $0.500 line and awaits some market impulse to act. Despite the sideways pattern, the cryptocurrency adopts a slightly bullish bias as it continues to record higher lows. The main obstacle moving forward is the $0.600 mark, where my daily 100 EMA currently resides. Only after breaching the mentioned level can ADA shake off the sideways pattern and resume an upward recovery. Meanwhile, our resistance levels are $0.560, $0.700, and $0.800 and our support levels are $0.500, $0.400, and $0.300. Total Market Capitalization: $1.09 trillion Cardano Market Capitalization: $17.1 billion Cardano Dominance: 1.57% Market Rank: #8
BINANCE:ADAUSD
by Mr_Wogbe_Alex
Cardano (ADA): $0.6 is still a target Another positive week for the price of ADA as the coin found strength to move from side trading to the higher grounds. Although ADA started the previous week around support line at $0.45 it`s price soon has been pushed to the higher grounds, first to resistance at $0.50 and then further to the next short term resistance line at $0.55. Current charts are showing that there is still potential for the price of ADA to make a move toward higher grounds. With the latest increase in price RSI has been moved to the level of 61. This indicates that the market is headed toward the overbought side, while there is still space for the surge in price of coin until this level is finally and clearly reached. Moving averages of 50 and 200 days continue to move as two parallel lines with downtrend, without indication that convergence might start soon. Charts continue to point toward the $0.60 resistance line as a potential target for ADA in the coming period. As trading volumes are significantly decreased on a crypto market, due to general reasons, it might take some time for ADA to actually reach this level. However, as the first step in this road has been reached, in terms of $0.55 resistance, increases the probability of the next move to the upside. On the opposite side, there is some probability for ADA to test the $0.5 support line for one more time, before the final push to the upside.
BINANCE:ADAUSD
by XBTFX
1
Path back to $1, with another chance to accumulateWell, the bearish scenario played out since I last looked at ADA back in February, and we saw the predicted drop to around $0.40 -- a hefty 88% retracement from the ATH. I was buying at $1, so you can bet I'm buying here too! Weekly RSI has bottomed out at 30 (an all time low), and low TF structure leads me to believe we might be heading for a retest of the downtrend line. No need to FOMO though... I think we'll likely have another opportunity within the accumulation zone before ultimately heading back towards $1. But if you're like me, and you think we'll see $4-$5 ADA prices within the next couple of years, $0.50 doesn't sound like such a bad price in the grand scheme of things. Don't forget the broader economic context though, and that things could still get worse before they get better. Some are even calling for $0.10 ADA. I think that's unlikely though, and hindsight will prove this to be one of the better buying opportunities of the bear market.
BINANCE:ADAUSD
by reees
11