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ADAUSD.P trade ideas

Cardano #ADA: Chart Analysis on the Daily Chart 📊📈Taking a glance at Cardano BINANCE:ADAUSDT within the daily timeframe, we observe that Wave 1 and Wave 2 (in red) have already been completed since the beginning of 2023, and it appears that teh red Wave 3 is now also finished. Yes, I acknowledge that Wave 2 has minimally fallen below Level C – thank you for pointing that out. Our entry point at Wave 4 at $0.457 was triggered and has performed quite well so far. It remains to be seen whether there will be further downward movements in the coming days. Examining the 1-hour chart and noting the low at $0.44, we might assume that once we surpass Wave 4 (the very subordinate Wave 4 in black) – that is, above $0.52 – our current scenario with a 5-wave structure will continue. 📊📈🚀
CRYPTO:ADAUSDLong
by freeguy_by_wmc
1
Cardano (ADAUSD): Fasten your seatbelts! 🚀📈Cardano emerges with a distinctive journey. Having sculpted Waves 1 and 2 within a Flat structure, the focus now shifts to the probable completion of Wave 3, reaching a potential range between 227% and 261%. Anticipating the onset of Wave 4, we pinpoint a pivotal zone between 50% and 61.8%. A breach beneath this range would jeopardize the entire scenario, potentially falling into the territory of Wave 1. The support offered by Wave B within the Flat structure stands as a crucial level, poised to become a notable buy zone. With these dynamics in play, we anticipate a surge to at least 90 cents!
CRYPTO:ADAUSDLong
by freeguy_by_wmc
11
Ada heikin ashi reversalif you know how heikein ashi works, well this is kinda bullish, the down trend is slowing down, and we could easily see a green heikin ashi bar path come up, a V shape return is very possible in my opinion too. And unlike the other currencies, ada dropped like 50%+ in the past couple weeks, and it's hitting major support, macd is ready for a cross and rsi is ready for a return, I really don't think it can go any further down. Bitcoin going back up definitely helps too.
BINANCE:ADAUSDLong
by mikamaster_
3
ADA Price Eyes Channel Break For A Run To $1 Channel Breakout Event: ADA price is nearing a channel breakout event, indicating a bullish turnaround. Crossing the 50-Day EMA: Cardano's price has crossed the 50-day EMA, setting the stage for a potential bull run. Potential to Reach $0.66: If ADA sustains above the 38.20% Fibonacci level, it could shortly reach the $0.66 mark. Trend Reversal Rally: A bullish reversal rally in the daily chart suggests ADA is gearing up for significant recovery. Bitcoin's Influence on Cardano: Bitcoin's sustained recovery momentum positively impacts Cardano's market outlook. Anticipation of "Post-Halving Rally": The upcoming Bitcoin halving event raises expectations for a broader market bull run, benefiting ADA. Question of Reaching $10: Speculation about ADA potentially reaching the $10 mark. Sharp Trend Reversal: The ADA price has shown a sharp reversal from overhead resistance in a falling channel pattern. Current Trading Price: ADA is currently trading at $0.514, with a notable increase in intraday trading volume. Technical Indicators - RSI: The daily RSI line indicates a growing demand, supporting the uptrend's momentum. Cardano Network's Surge in Health: The increase in active users and transaction counts boosts network health and ADA's price potential. Risk of Testing Lower Support: A drop below the current support trendline could lead ADA to test the $0.40 level.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
ADA/USD Weekly: Examining Potential Wyckoff Reaccumulation On the ADA/USD weekly chart, we've observed price action and volume changes that share characteristics with a Wyckoff reaccumulation pattern. While not definitive, let's explore these elements: Selling Climax: A sharp price drop accompanied by high volume, potentially signifying selling exhaustion Automatic Rally: A subsequent price increase without significant buying volume, possibly indicating weak hands exiting. Spring: A brief price dip followed by a quick reversal, potentially testing support and attracting new buyers. Signs of Strength: Recent higher closes and increasing volume, suggesting potential buying pressure. However, remember: Technical analysis alone shouldn't guide investment decisions. This pattern interpretation is for educational purposes only. Always conduct your own research, consider other factors, and consult a financial advisor before investing. Discussion questions: Do you see the same characteristics of a Wyckoff reaccumulation pattern? How might this pattern evolve in the coming weeks? What other factors should be considered before making investment decisions based on this analysis? Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research and consult a financial advisor before making investment decisions
BINANCE:ADAUSDLong
by ParabolicP
ADA flag formationThe dynamics between buyers and sellers have shifted in ADA. Cardano has transitioned from establishing Lower Low (LL) and Lower High (LH) to establishing Higher High (HH) and Higher Low (HL). We witnessed a breakthrough on December 8, 2023, with high volume, resulting in ADA establishing a double bottom formation. This is a reversing pattern, indicating further upward movement. Currently, we are in the midst of a classic pullback towards the support level, previously acting as resistance. This pullback is within a flag formation, and a confirmed breakthrough of this pattern would signal a buying opportunity. With the Bitcoin halving imminent, we are entering an exciting phase in the cryptocurrency market.
COINBASE:ADAUSDLong
by renasjalal
Is Cardano about to go up 1600%?Fundamental Analysis: Cardano seems to be working in a cyclical manner, where it has a bull run for a year, then a bear run for a year. Every bitcoin halving year is when the bull run happens. We had the bitcoin halving in 2020, and we will have another halving in April 2024 making me believe that we are in a bull market. Technical Analysis: The Stochastics RSI does not seem to be reliable during a bear market as it reached oversold, but price continued to go down. However, during the bull market, every single time the Stochastics RSI reaches zero, it was a great buy. Currently the Stochastics RSI is at 11, meaning that price needs to go down slightly more in order for the Stochastics RSI to reach zero. The 34 SMA (the green line) has proven to be a great moving average to buy on during the bull market and it is currently at $0.375. Summary: The bitcoin halving cycles indicate that we are currently in a bull market. During a bull market if the Stochastics RSI is zero and if we fall to the 34 SMA, that has historically been an great buying opportunity, that would equate to a price of $0.375. Assuming it breaches all time highs, it could reach a price of $6(according to Fibonacci retracement)which would mean Cardano may go up 1600%.
KRAKEN:ADAUSDLong
by peacefulExpert87562
1
Cardano (ADA) Awaits Bullish Breakout Amid Market CalmnessResistance Challenge: ADA is currently in a tug-of-war with its falling channel's resistance, hinting at a possible breakout struggle. Reversal to $0.50: A recent pullback from the channel's upper boundary has nudged ADA back to the pivotal $0.50 level, signaling a decisive moment for its next move. Bull Run Potential: A successful channel escape could propel ADA towards a new upward trajectory, eyeing significant milestones ahead. Market Anticipation: The crypto sphere buzzes with anticipation of a pre-halving rally, potentially igniting an altcoin season that Cardano could lead. Bullish Sentiments on the Horizon: With the market sentiment gradually tilting bullish, Cardano’s prospects of reaching new heights, possibly the $10 mark, grow stronger. 50D EMA Hurdle: The 50-day EMA poses a significant barrier, reflecting the ongoing bearish pressure and challenging ADA's upward ambitions. Double Top Concern: A recent double top pattern exacerbates the bearish outlook, underscoring the hurdles ADA faces in its recovery path. Technical Indicators Lean Bullish: The RSI's bullish divergence hints at underlying strength, possibly forecasting a breakout from the current consolidation. Critical Support Watch: The $0.454 level emerges as a crucial juncture for ADA, potentially offering a springboard for a bullish reversal. Bearish vs. Bullish Scenario: While a drop below the channel's support could see ADA testing lower supports, a channel breakout holds the promise of propelling ADA towards $0.668 and beyond.
BINANCE:ADAUSD
by Coinpedia-Market-Insight